ESAB Corporation bonds ESAB
Who owns ESAB Corporation'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. ESAB 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 |
|---|---|---|---|---|---|---|---|---|---|
| 29605JAA4 | 6.25% fixed | 2029-04-15 | USD | 101.10 | 5.80% | 155 bp | 46 | $67.6M | Jul 2026 |
| 29605JAB2 | 5.625% fixed | 2031-04-01 | USD | 98.87 | 5.90% | 158 bp | 72 | $122.8M | 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 | 2 | $190.4M | 99.99 | 5.85% | 157 bp | 72 |
| Jun 2026 | 2 | $261.6M | 100.85 | 5.61% | 144 bp | 135 |
| May 2026 | 2 | $155.8M | 101.28 | 5.50% | 141 bp | 55 |
| Apr 2026 | 2 | $181.6M | 101.16 | 5.57% | 169 bp | 77 |
| Mar 2026 | 2 | $261.7M | 101.14 | 5.57% | 178 bp | 133 |
| Feb 2026 | 1 | $41.4M | 102.59 | 5.34% | 181 bp | 36 |
| Jan 2026 | 1 | $48.5M | 102.79 | 5.29% | 166 bp | 46 |
| Dec 2025 | 1 | $98.1M | 102.90 | 5.27% | 170 bp | 82 |
| Nov 2025 | 1 | $37.5M | 103.07 | 5.24% | 166 bp | 35 |
| Oct 2025 | 1 | $46.0M | 102.39 | 5.48% | 192 bp | 46 |
| Sep 2025 | 1 | $100.0M | 102.79 | 5.37% | 179 bp | 76 |
| Aug 2025 | 1 | $34.9M | 102.87 | 5.36% | 166 bp | 36 |
| Jul 2025 | 1 | $54.4M | 102.24 | 5.57% | 169 bp | 44 |
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. 64 added, 44 cut, 50 new holders and 32 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $32.1M | $32.0M | $1.9M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $31.0M | $31.1M | -$10.4M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $31.2M | $30.9M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $21.6M | $21.8M | new |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $17.7M | $17.9M | $0 |
| American High Income Trust | 2026-06-30 | $16.1M | $16.2M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $15.4M | $15.6M | new |
| Janus Henderson Multi-Sector Income Fund Janus Investment Fund | 2026-06-30 | $14.7M | $14.7M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $12.6M | $12.7M | new |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $12.2M | $12.3M | $2.3M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $11.8M | $11.8M | $3.0M |
| Allspring Diversified Capital Builder Fund ALLSPRING FUNDS TRUST | 2026-06-30 | $11.0M | $11.2M | $0 |
| Invesco High Yield Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $10.7M | $10.9M | $5.6M |
| Invesco Corporate Bond Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $10.1M | $10.2M | $4.5M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.3M | $9.3M | $3.5M |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $9.0M | $9.1M | $7.4M |
| T. Rowe Price U.S. High Yield ETF T. Rowe Price Exchange-Traded Funds, Inc. | 2026-05-31 | $8.9M | $9.0M | new |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $8.9M | $8.8M | $0 |
| Income Fund of America | 2026-07-31 | $8.8M | $8.7M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $8.4M | $8.6M | $3.1M |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $7.5M | $7.6M | $1.5M |
| Franklin High Yield Corporate ETF Franklin Templeton ETF Trust | 2026-06-30 | $6.7M | $6.8M | $1.2M |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $6.7M | $6.7M | $0 |
| Carillon Chartwell Short Duration High Yield Fund Carillon Series Trust | 2026-06-30 | $6.5M | $6.5M | $0 |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $6.5M | $6.5M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Nomura VIP High Income Series ($4.0M), Eaton Vance Ltd Duration Income Fund ($1.1M), Neuberger High Income Bond Fund ($975K), Columbia Income Opportunities Fund ($833K), Loomis Sayles Institutional High Income Fund ($795K), Loomis Sayles High Income Opportunities Fund ($770K), LVIP Nomura High Yield Fund ($770K), Neuberger High Yield Strategies Fund Inc. ($685K), ALPS | Smith Credit Opportunities Fund ($500K), Columbia Variable Portfolio - Income Opportunities Fund ($500K).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $32.1M | $32.0M | 0.11% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $21.6M | $21.8M | 0.14% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $12.2M | $12.3M | 0.11% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $11.8M | $11.8M | 0.16% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $9.3M | $9.3M | 0.13% |
| THYF T. Rowe Price U.S. High Yield ETF | 2026-05-31 | 1 | $8.9M | $9.0M | 1.10% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 2 | $6.7M | $6.8M | 0.57% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $6.1M | $6.1M | 0.13% |
| FIXD First Trust Smith Opportunistic Fixed Income ETF | 2026-05-31 | 1 | $5.6M | $5.7M | 0.17% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 1 | $5.5M | $5.6M | 0.17% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $5.4M | $5.5M | 0.61% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $5.1M | $5.2M | 0.15% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $3.4M | $3.4M | 0.14% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $3.0M | $3.1M | 0.12% |
| GTO Invesco Total Return Bond ETF | 2026-07-31 | 1 | $2.2M | $2.2M | 0.09% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.02: safer than 38% of companies (36th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-07-03.
| Equity value | $3.98B |
| Debt barrier (short-term + ½ long-term debt) | $1.20B |
| Equity volatility (1 year) | 45.9% |
| Asset value / asset volatility (solved) | $5.13B / 35.6% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 157 bp spread prices in about 2.6% 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 = 1.56 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ESAB'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 | 35 | $99.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 335 | $4.71B | 7 | $83.1M | 5 | $36.6M | 0 |
| 2026-03-31 | 334 | $3.40B | 5 | $6.1M | 3 | $5.6M | 0 |
| 2025-12-31 | 347 | $4.56B | 0 | — | 0 | — | 0 |
| 2025-09-30 | 354 | $4.83B | 2 | $436K | 3 | $771K | 0 |
| 2025-06-30 | 361 | $5.16B | 2 | $494K | 3 | $1.3M | 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.