Ecolab Inc. bonds ECL
Who owns Ecolab Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. ECL stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 278865AV2 | 2.7% fixed | 2026-11-01 | USD | 99.63 | 4.19% | 46 bp | 3 | $21.8M | Jul 2026 |
| 278865BL3 | 1.65% fixed | 2027-02-01 | USD | 98.74 | 4.21% | 37 bp | 3 | $4.3M | Jul 2026 |
| 278865BD1 | 3.25% fixed | 2027-12-01 | USD | 98.52 | 4.40% | 29 bp | 8 | $5.0M | Jul 2026 |
| 278865BP4 | 5.25% fixed | 2028-01-15 | USD | 100.99 | 4.54% | 41 bp | 7 | $6.1M | Jul 2026 |
| 278865BQ2 | 4.3% fixed | 2028-06-15 | USD | 99.66 | 4.49% | 29 bp | 12 | $10.0M | Jul 2026 |
| 278865BU3 | 4.6% fixed | 2029-06-15 | USD | 99.73 | 4.70% | 44 bp | 15 | $75.8M | Jul 2026 |
| 278865BE9 | 4.8% fixed | 2030-03-24 | USD | 99.92 | 4.82% | 54 bp | 11 | $8.4M | Jul 2026 |
| 278865BF6 | 1.3% fixed | 2031-01-30 | USD | 85.68 | 4.88% | 57 bp | 13 | $4.9M | Jul 2026 |
| 278865BV1 | 4.8% fixed | 2031-06-15 | USD | 99.53 | 4.91% | 58 bp | 14 | $81.7M | Jul 2026 |
| 278865BM1 | 2.125% fixed | 2032-02-01 | USD | 86.57 | 4.94% | 58 bp | 8 | $4.5M | Jul 2026 |
| 278865BW9 | 5.15% fixed | 2033-06-15 | USD | 99.86 | 5.17% | 72 bp | 19 | $79.2M | Jul 2026 |
| 278865BS8 | 5% fixed | 2035-09-01 | USD | 97.99 | 5.28% | 72 bp | 12 | $8.8M | Jul 2026 |
| 278865BX7 | 5.35% fixed | 2036-06-15 | USD | 99.79 | 5.38% | 78 bp | 23 | $71.1M | Jul 2026 |
| 278865AM2 | 5.5% fixed | 2041-12-08 | USD | 98.49 | 5.65% | 77 bp | 3 | $4.1M | Jul 2026 |
| 278865AW0 | 3.7% fixed | 2046-11-01 | USD | 74.46 | 5.86% | 83 bp | 1 | $22K | May 2026 |
| 278865BA7 | 3.95% fixed | 2047-12-01 | USD | 76.22 | 5.93% | 82 bp | 5 | $945K | Jul 2026 |
| 278865BG4 | 2.13% fixed | 2050-08-15 | USD | 51.27 | 5.98% | 87 bp | 5 | $3.4M | Jul 2026 |
| 278865BN9 | 2.7% fixed | 2051-12-15 | USD | 57.90 | 5.93% | 82 bp | 8 | $2.3M | Jul 2026 |
| 278865BJ8 | 2.75% fixed | 2055-08-18 | USD | 56.11 | 5.94% | 84 bp | 4 | $1.1M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 18 | $393.5M | 98.63 | 5.06% | 65 bp | 23 |
| Jun 2026 | 18 | $843.5M | 99.63 | 4.80% | 53 bp | 60 |
| May 2026 | 19 | $647.8M | 99.49 | 4.89% | 54 bp | 32 |
| Apr 2026 | 14 | $84.8M | 98.50 | 4.71% | 59 bp | 14 |
| Mar 2026 | 14 | $149.1M | 98.38 | 4.75% | 69 bp | 27 |
| Feb 2026 | 15 | $257.2M | 98.14 | 4.57% | 48 bp | 20 |
| Jan 2026 | 14 | $91.5M | 98.61 | 4.34% | 45 bp | 14 |
| Dec 2025 | 14 | $177.9M | 98.43 | 4.34% | 53 bp | 25 |
| Nov 2025 | 15 | $261.7M | 97.51 | 4.46% | 53 bp | 21 |
| Oct 2025 | 14 | $89.1M | 98.01 | 4.31% | 60 bp | 12 |
| Sep 2025 | 14 | $222.9M | 97.88 | 4.31% | 55 bp | 24 |
| Aug 2025 | 15 | $295.9M | 96.83 | 4.47% | 53 bp | 18 |
| Jul 2025 | 13 | $75.4M | 96.19 | 4.43% | 47 bp | 12 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 99 added, 14 cut, 125 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American Balanced Fund | 2026-06-30 | $122.5M | $123.9M | new |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $105.1M | $102.3M | $66.6M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $109.3M | $100.2M | $66.0M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $95.0M | $94.7M | new |
| Bond Fund of America | 2026-06-30 | $92.8M | $93.8M | new |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $71.7M | $72.1M | $43.3M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $71.9M | $72.0M | $64.2M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $52.5M | $52.4M | new |
| Income Fund of America | 2026-07-31 | $46.7M | $46.5M | $43.7M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $52.5M | $46.5M | $11.7M |
| T. Rowe Price New Income Fund, Inc. T. ROWE PRICE NEW INCOME FUND, INC. | 2026-05-31 | $45.6M | $45.9M | new |
| Intermediate Bond Fund of America | 2026-05-31 | $40.7M | $41.3M | $33.7M |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $35.0M | $35.4M | new |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $31.3M | $30.8M | $23.5M |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $28.7M | $28.6M | $21.4M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $31.4M | $27.0M | $11.0M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $27.2M | $27.0M | $10.1M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $28.1M | $25.8M | $23.2M |
| Asset Allocation Fund AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $23.0M | $23.3M | new |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $20.0M | $20.3M | new |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $20.8M | $20.3M | $11.9M |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $19.8M | $19.8M | $8.4M |
| PGIM Short-Term Corporate Bond Fund Prudential Short-Term Corporate Bond Fund, Inc. | 2026-06-30 | $19.1M | $19.2M | new |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $19.2M | $19.0M | $13.7M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $20.5M | $18.4M | $8.1M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Nuveen Core Impact Bond Fund ($3.8M), College Retirement Equities Fund - Responsible Balanced Account ($3.8M), F/m 10-Year Investment Grade Corporate Bond ETF ($122K), Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF ($16K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $105.1M | $102.3M | 0.15% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 12 | $109.3M | $100.2M | 0.03% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $71.7M | $72.1M | 0.14% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 16 | $52.5M | $46.5M | 0.03% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 4 | $31.3M | $30.8M | 0.06% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 7 | $28.7M | $28.6M | 0.25% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $27.2M | $27.0M | 0.12% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $28.1M | $25.8M | 0.09% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $20.8M | $20.3M | 0.11% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 4 | $19.8M | $19.8M | 0.19% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 5 | $19.2M | $19.0M | 0.16% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 16 | $20.5M | $18.4M | 0.11% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 16 | $16.5M | $15.0M | 0.03% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 3 | $14.1M | $14.1M | 0.02% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 5 | $19.1M | $13.3M | 0.14% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 12.49: safer than 88% of companies (91th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $80.07B |
| Debt barrier (short-term + ½ long-term debt) | $7.22B |
| Equity volatility (1 year) | 21.8% |
| Asset value / asset volatility (solved) | $86.99B / 20.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 65 bp spread prices in about 1.1% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z = 4.13 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ECL's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 273 | $1.66B | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,704 | $61.37B | 20 | $165.6M | 15 | $172.6M | 0 |
| 2026-03-31 | 1,686 | $50.44B | 20 | $48.1M | 19 | $209.5M | 0 |
| 2025-12-31 | 1,660 | $57.74B | 16 | $37.8M | 13 | $59.0M | 0 |
| 2025-09-30 | 1,612 | $59.61B | 19 | $49.3M | 20 | $128.5M | 0 |
| 2025-06-30 | 1,614 | $60.03B | 24 | $117.3M | 18 | $151.3M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.