The Estée Lauder Companies Inc. bonds EL
Who owns The Estée Lauder Companies 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. EL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 29736RAJ9 | 3.15% fixed | 2027-03-15 | USD | 99.16 | 4.53% | 64 bp | 3 | $3.7M | Jul 2026 |
| 29736RAS9 | 4.38% fixed | 2028-05-15 | USD | 99.61 | 4.61% | 42 bp | 7 | $9.7M | Jul 2026 |
| 29736RAP5 | 2.38% fixed | 2029-12-01 | USD | 92.47 | 4.85% | 58 bp | 11 | $15.5M | Jul 2026 |
| 29736RAQ3 | 2.6% fixed | 2030-04-15 | USD | 92.46 | 4.85% | 56 bp | 11 | $10.9M | Jul 2026 |
| 29736RAR1 | 1.95% fixed | 2031-03-15 | USD | 87.64 | 4.98% | 66 bp | 12 | $7.8M | Jul 2026 |
| 29736RAT7 | 4.65% fixed | 2033-05-15 | USD | 96.82 | 5.21% | 76 bp | 7 | $8.3M | Jul 2026 |
| 29736RAV2 | 5% fixed | 2034-02-14 | USD | 98.51 | 5.24% | 76 bp | 6 | $4.3M | Jul 2026 |
| 29736RAC4 | 6% fixed | 2037-05-15 | USD | 103.39 | 5.58% | 94 bp | 3 | $1.9M | Jul 2026 |
| 29736RAF7 | 3.7% fixed | 2042-08-15 | USD | 77.41 | 5.89% | 112 bp | 1 | $38K | Jun 2026 |
| 29736RAG5 | 4.38% fixed | 2045-06-15 | USD | 81.06 | 6.08% | 103 bp | 3 | $1.1M | Jul 2026 |
| 29736RAK6 | 4.15% fixed | 2047-03-15 | USD | 76.89 | 6.14% | 103 bp | 4 | $1.1M | Jul 2026 |
| 29736RAM2 | 3.13% fixed | 2049-12-01 | USD | 63.30 | 6.10% | 99 bp | 5 | $1.2M | Jul 2026 |
| 29736RAU4 | 5.15% fixed | 2053-05-15 | USD | 86.73 | 6.17% | 106 bp | 6 | $1.5M | 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 | 12 | $66.8M | 92.46 | 5.24% | 76 bp | 12 |
| Jun 2026 | 13 | $239.0M | 92.82 | 5.15% | 71 bp | 21 |
| May 2026 | 13 | $210.8M | 93.12 | 5.08% | 64 bp | 18 |
| Apr 2026 | 12 | $66.5M | 93.12 | 5.01% | 84 bp | 11 |
| Mar 2026 | 13 | $238.1M | 92.81 | 5.17% | 96 bp | 22 |
| Feb 2026 | 13 | $245.8M | 94.44 | 4.50% | 53 bp | 18 |
| Jan 2026 | 12 | $68.0M | 93.91 | 4.70% | 66 bp | 11 |
| Dec 2025 | 13 | $253.4M | 93.61 | 4.77% | 78 bp | 20 |
| Nov 2025 | 13 | $219.0M | 93.84 | 4.68% | 73 bp | 18 |
| Oct 2025 | 12 | $58.9M | 94.35 | 4.70% | 79 bp | 12 |
| Sep 2025 | 13 | $246.4M | 93.22 | 4.79% | 70 bp | 20 |
| Aug 2025 | 13 | $211.9M | 92.94 | 4.87% | 69 bp | 17 |
| Jul 2025 | 12 | $56.4M | 93.97 | 4.93% | 62 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. 40 added, 29 cut, 4 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $111.3M | $99.5M | $4.7M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $50.9M | $47.5M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $38.4M | $38.0M | -$27.2M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $33.8M | $31.1M | -$5.1M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $30.0M | $28.1M | $6.1M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $20.1M | $18.2M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $15.2M | $14.4M | $735K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $15.1M | $14.3M | $306K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.0M | $11.8M | -$2.2M |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $12.6M | $11.7M | $900K |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $11.7M | $11.5M | -$5.5M |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.5M | $11.5M | -$166K |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.9M | $8.9M | -$4.6M |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $9.3M | $8.2M | $885K |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $10.0M | $7.8M | $106K |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.2M | $7.8M | -$135K |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $7.4M | $7.4M | -$1.9M |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $7.8M | $7.0M | $0 |
| Avantis Core Fixed Income ETF American Century ETF Trust | 2026-05-31 | $6.1M | $6.3M | $505K |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $6.0M | $5.9M | $755K |
| Invesco BulletShares 2028 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $5.8M | $5.8M | $76K |
| iShares iBonds Dec 2028 Term Corporate ETF iShares Trust | 2026-07-31 | $5.5M | $5.5M | $260K |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $5.1M | $5.0M | $96K |
| DFA Short-Duration Real Return Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $5.5M | $5.0M | $2.1M |
| Invesco BulletShares 2030 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $4.7M | $4.4M | $240K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Miller Intermediate Bond Fund ($5.0M), GMO Systematic Investment Grade Credit ETF ($465K), AB Core Plus Bond ETF ($444K), iShares Total Return Active ETF ($100K).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 9 | $111.3M | $99.5M | 0.03% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $38.4M | $38.0M | 0.06% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 11 | $33.8M | $31.1M | 0.02% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $30.0M | $28.1M | 0.06% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $15.2M | $14.4M | 0.07% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 3 | $15.1M | $14.3M | 0.02% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 12 | $13.0M | $11.8M | 0.07% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 3 | $12.6M | $11.7M | 0.16% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $11.7M | $11.5M | 0.02% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $11.5M | $11.5M | 0.11% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $8.9M | $8.9M | 0.05% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 11 | $9.3M | $8.2M | 0.02% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 5 | $10.0M | $7.8M | 0.08% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 6 | $8.2M | $7.8M | 0.07% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $7.4M | $7.4M | 0.06% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.27: safer than 52% of companies (43th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $38.34B |
| Debt barrier (short-term + ½ long-term debt) | $3.90B |
| Equity volatility (1 year) | 48.4% |
| Asset value / asset volatility (solved) | $42.09B / 44.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 76 bp spread prices in about 1.3% 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 = 3.23 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in EL'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 | 109 | $360.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 820 | $17.57B | 30 | $533.2M | 35 | $514.4M | 0 |
| 2026-03-31 | 816 | $13.24B | 36 | $522.0M | 42 | $350.7M | 0 |
| 2025-12-31 | 874 | $22.55B | 36 | $920.3M | 34 | $772.1M | 0 |
| 2025-09-30 | 816 | $18.49B | 41 | $870.1M | 42 | $869.2M | 0 |
| 2025-06-30 | 799 | $17.35B | 34 | $968.2M | 41 | $912.1M | 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.