Element Solutions Inc bonds ESI
Who owns Element Solutions 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. ESI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 28618MAA4 | 3.875% fixed | 2028-09-01 | USD | 98.44 | 4.67% | 44 bp | 34 | $136.8M | 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 | 1 | $136.8M | 98.44 | 4.67% | 44 bp | 34 |
| Jun 2026 | 1 | $177.2M | 97.59 | 5.06% | 94 bp | 63 |
| May 2026 | 1 | $42.2M | 97.35 | 5.13% | 112 bp | 28 |
| Apr 2026 | 1 | $149.4M | 97.50 | 5.02% | 121 bp | 39 |
| Mar 2026 | 1 | $180.9M | 97.37 | 5.04% | 132 bp | 62 |
| Feb 2026 | 1 | $40.2M | 98.31 | 4.60% | 110 bp | 25 |
| Jan 2026 | 1 | $147.7M | 97.49 | 4.92% | 134 bp | 36 |
| Dec 2025 | 1 | $186.6M | 97.77 | 4.77% | 124 bp | 61 |
| Nov 2025 | 1 | $37.5M | 97.82 | 4.73% | 117 bp | 23 |
| Oct 2025 | 1 | $152.1M | 96.81 | 5.10% | 157 bp | 35 |
| Sep 2025 | 1 | $187.8M | 96.95 | 5.01% | 146 bp | 61 |
| Aug 2025 | 1 | $38.1M | 96.94 | 4.98% | 131 bp | 24 |
| Jul 2025 | 1 | $154.5M | 96.35 | 5.17% | 132 bp | 34 |
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. 18 added, 15 cut, 12 new holders and 12 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $85.0M | $82.9M | $0 |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $35.6M | $35.1M | $0 |
| Income Fund of America | 2026-07-31 | $21.1M | $20.7M | $0 |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $15.4M | $15.2M | -$10.0M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $14.5M | $14.3M | $452K |
| RBC BlueBay High Yield Bond Fund RBC Funds Trust | 2026-06-30 | $12.5M | $12.2M | $351K |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $11.4M | $11.1M | $0 |
| AB HIGH INCOME FUND INC | 2026-07-31 | $8.5M | $8.4M | $0 |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $8.5M | $8.3M | $0 |
| American High Income Trust | 2026-06-30 | $8.3M | $8.1M | $0 |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $7.8M | $7.5M | $210K |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $7.7M | $7.5M | $104K |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $7.3M | $7.2M | -$25K |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $5.6M | $5.5M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.3M | $5.2M | $331K |
| Invesco BulletShares 2028 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $4.4M | $4.3M | $730K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.3M | $4.2M | $1.3M |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $4.2M | $4.1M | $0 |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $3.8M | $3.8M | -$1.7M |
| AB Short Duration High Yield ETF AB Active ETFs, Inc. | 2026-05-31 | $3.6M | $3.5M | $639K |
| Columbia Strategic Income Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $3.4M | $3.3M | $0 |
| Venerable High Yield Fund Venerable Variable Insurance Trust | 2026-06-30 | $3.3M | $3.2M | $0 |
| Six Circles Credit Opportunities Fund SIX CIRCLES TRUST | 2026-06-30 | $3.2M | $3.1M | $55K |
| Credit Suisse Strategic Income Fund CREDIT SUISSE OPPORTUNITY FUNDS | 2026-07-31 | $3.0M | $3.0M | $0 |
| BlackRock Credit Allocation Income Trust | 2026-06-30 | $3.0M | $3.0M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): DWS High Income Fund ($2.5M), BlackRock Multi-Sector Income Trust ($2.1M), BlackRock Low Duration Bond Portfolio ($1.9M), iShares Short Duration Bond Active ETF ($854K), AB Income Fund ($653K), Columbia Variable Portfolio - Intermediate Bond Fund ($620K), BlackRock Core Bond Trust ($466K), BondBloxx BB Rated USD High Yield Corporate Bond ETF ($405K), Voya Multi-Sector Income ETF ($350K), DWS High Income VIP ($214K).
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 | 1 | $14.5M | $14.3M | 0.05% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $7.3M | $7.2M | 0.09% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $5.3M | $5.2M | 0.05% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $4.4M | $4.3M | 0.62% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $4.3M | $4.2M | 0.09% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $3.6M | $3.5M | 0.39% |
| IBHH iShares iBonds 2028 Term High Yield and Income ETF | 2026-07-31 | 1 | $2.4M | $2.4M | 0.52% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $1.7M | $1.7M | 0.03% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.5M | $1.5M | 0.06% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.4M | $1.4M | 0.06% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $1.1M | $1.0M | 0.10% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $835K | $823K | 0.00% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $740K | $720K | 0.01% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 1 | $625K | $608K | 0.00% |
| VGMS VANGUARD MULTI-SECTOR INCOME BOND ETF | 2026-06-30 | 1 | $542K | $529K | 0.23% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.27: safer than 52% of companies (58th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $8.72B |
| Debt barrier (short-term + ½ long-term debt) | $1.09B |
| Equity volatility (1 year) | 45.7% |
| Asset value / asset volatility (solved) | $9.76B / 40.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 44 bp spread prices in about 0.7% 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 = 2.45 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ESI'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 | 39 | $129.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 488 | $11.36B | 6 | $13.2M | 9 | $37.6M | 0 |
| 2026-03-31 | 428 | $6.82B | 3 | $32.5M | 10 | $41.6M | 0 |
| 2025-12-31 | 379 | $5.56B | 1 | $7K | 2 | $182K | 0 |
| 2025-09-30 | 368 | $5.71B | 4 | $11.4M | 2 | $68K | 0 |
| 2025-06-30 | 346 | $5.16B | 6 | $2.9M | 5 | $584K | 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.