Enphase Energy, Inc. bonds ENPH
Who owns Enphase Energy, 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. ENPH 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 |
|---|---|---|---|---|---|---|---|---|---|
| 29355AAK3 convertible | 0% none | 2028-03-01 | USD | 93.23 | — | — | 5 | $28.7M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
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 | 1 | $28.7M | 93.23 | — | — | 5 |
| Jun 2026 | 1 | $7.6M | 93.37 | — | — | 2 |
| May 2026 | 1 | $13.7M | 93.28 | — | — | 2 |
| Apr 2026 | 1 | $28.0M | 90.69 | — | — | 7 |
| Mar 2026 | 1 | $7.5M | 89.38 | — | — | 4 |
| Feb 2026 | 1 | $4.4M | 89.80 | — | — | 4 |
| Jan 2026 | 2 | $54.7M | 94.27 | — | — | 8 |
| Dec 2025 | 2 | $86.0M | 93.16 | — | — | 6 |
| Nov 2025 | 1 | $4.8M | 86.65 | — | — | 3 |
| Oct 2025 | 2 | $49.6M | 92.43 | — | — | 8 |
| Sep 2025 | 2 | $31.3M | 92.17 | — | — | 6 |
| Aug 2025 | 1 | $4.7M | 84.88 | — | — | 3 |
| Jul 2025 | 2 | $49.4M | 89.93 | — | — | 9 |
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. 2 added, 3 cut, 1 new holders and 7 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $16.0M | $14.9M | $0 |
| Lord Abbett Convertible Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $14.0M | $13.1M | new |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $11.7M | $10.9M | $2.5M |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $8.0M | $7.5M | $0 |
| Multi-Asset Strategy Fund RUSSELL INVESTMENT CO | 2026-07-31 | $1.7M | $1.6M | -$52K |
| Multi-Strategy Income Fund RUSSELL INVESTMENT CO | 2026-07-31 | $1.0M | $960K | -$31K |
| Advent Convertible Bond ETF RBB Fund Trust | 2026-05-31 | $706K | $659K | $49K |
| Hartford Strategic Income ETF Hartford Funds Exchange-Traded Trust | 2026-07-31 | $343K | $319K | -$686K |
| 1290 VT Convertible Securities Portfolio EQ Advisors Trust | 2026-06-30 | $135K | $125K | $0 |
| JPMorgan Global Bond Opportunities Fund JPMorgan Trust I | 2026-05-31 | $0 | $0 | -$3.3M |
| THE HARTFORD STRATEGIC INCOME FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $0 | $0 | -$1.7M |
| JPMorgan Flexible Debt ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $0 | $0 | -$930K |
| Mercer Opportunistic Fixed Income Fund Mercer Funds | 2026-06-30 | $0 | $0 | -$225K |
| Hartford Multi-Asset Income Fund HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $0 | $0 | -$175K |
| Opportunistic Fixed Income Fund John Hancock Funds II | 2026-05-31 | $0 | $0 | -$40K |
| Opportunistic Fixed Income Trust John Hancock Variable Insurance Trust | 2026-06-30 | $0 | $0 | -$35K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): JPMorgan Global Bond Opportunities Fund ($3.3M), THE HARTFORD STRATEGIC INCOME FUND ($1.7M), JPMorgan Flexible Debt ETF ($930K), Mercer Opportunistic Fixed Income Fund ($225K), Hartford Multi-Asset Income Fund ($175K), Opportunistic Fixed Income Fund ($40K), Opportunistic Fixed Income Trust ($35K).
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 |
|---|---|---|---|---|---|
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $11.7M | $10.9M | 0.15% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $8.0M | $7.5M | 0.12% |
| ACVT Advent Convertible Bond ETF | 2026-05-31 | 1 | $706K | $659K | 2.04% |
| HFSI Hartford Strategic Income ETF | 2026-07-31 | 1 | $343K | $319K | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.32: safer than 29% of companies (38th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $4.07B |
| Debt barrier (short-term + ½ long-term debt) | $286.4M |
| Equity volatility (1 year) | 79.7% |
| Asset value / asset volatility (solved) | $4.34B / 74.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z = 2.50 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ENPH'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 | 45 | $23.5M | 0 | — | 1 | $49K | 1 |
| 2026-06-30 | 519 | $5.93B | 35 | $746.7M | 41 | $903.4M | 30 |
| 2026-03-31 | 471 | $3.89B | 33 | $470.6M | 36 | $439.4M | 33 |
| 2025-12-31 | 456 | $4.40B | 37 | $540.5M | 38 | $525.7M | 48 |
| 2025-09-30 | 473 | $4.24B | 38 | $594.3M | 40 | $671.1M | 48 |
| 2025-06-30 | 504 | $4.90B | 44 | $1.03B | 38 | $733.9M | 51 |
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.