First American Financial Corporation bonds FAF
Who owns First American Financial 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. FAF 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 |
|---|---|---|---|---|---|---|---|---|---|
| 31847RAG7 | 4% fixed | 2030-05-15 | USD | 95.64 | 5.28% | 100 bp | 15 | $57.3M | Jul 2026 |
| 31847RAH5 | 2.4% fixed | 2031-08-15 | USD | 86.40 | 5.53% | 120 bp | 15 | $46.2M | Jul 2026 |
| 31847RAJ1 | 5.45% fixed | 2034-09-30 | USD | 96.84 | 5.94% | 143 bp | 10 | $34.9M | 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 | 3 | $138.4M | 95.64 | 5.53% | 120 bp | 15 |
| Jun 2026 | 3 | $185.1M | 96.15 | 5.32% | 110 bp | 26 |
| May 2026 | 3 | $69.4M | 96.21 | 5.23% | 107 bp | 16 |
| Apr 2026 | 3 | $137.9M | 95.89 | 5.33% | 136 bp | 15 |
| Mar 2026 | 3 | $181.8M | 95.40 | 5.41% | 152 bp | 27 |
| Feb 2026 | 3 | $89.9M | 97.21 | 4.90% | 117 bp | 20 |
| Jan 2026 | 3 | $133.1M | 96.77 | 5.00% | 116 bp | 15 |
| Dec 2025 | 3 | $203.8M | 96.72 | 5.02% | 126 bp | 28 |
| Nov 2025 | 3 | $71.4M | 96.93 | 4.91% | 117 bp | 20 |
| Oct 2025 | 3 | $114.7M | 96.75 | 5.00% | 128 bp | 15 |
| Sep 2025 | 3 | $203.5M | 96.69 | 4.97% | 122 bp | 30 |
| Aug 2025 | 3 | $75.0M | 95.81 | 5.02% | 124 bp | 19 |
| Jul 2025 | 3 | $115.6M | 95.13 | 5.20% | 122 bp | 16 |
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, 13 cut, 1 new holders and 6 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Core Fixed Income Fund Principal Funds, Inc | 2026-07-31 | $80.0M | $74.8M | $0 |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $60.0M | $56.8M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $35.4M | $32.5M | -$2.7M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $24.4M | $22.4M | $1.9M |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $19.0M | $18.2M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $15.1M | $14.0M | $0 |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $16.0M | $13.9M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $11.3M | $10.5M | -$25K |
| PIMCO Active Bond Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $8.5M | $8.1M | $558K |
| PIMCO Total Return Fund PIMCO FUNDS | 2026-06-30 | $8.3M | $8.0M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.4M | $7.7M | -$460K |
| Guggenheim Limited Duration Fund Guggenheim Funds Trust | 2026-06-30 | $7.9M | $7.6M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $7.8M | $7.3M | $330K |
| Thornburg Limited Term Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $6.6M | $6.1M | $0 |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $6.8M | $5.9M | -$900K |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $5.9M | $5.4M | $530K |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $5.5M | $5.3M | $0 |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $4.9M | $4.6M | $0 |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $4.8M | $4.6M | $0 |
| Fixed Income SHares: Series C PIMCO Managed Accounts Trust | 2026-06-30 | $3.9M | $3.7M | $0 |
| Guggenheim Core Bond Fund Guggenheim Funds Trust | 2026-06-30 | $3.7M | $3.5M | $0 |
| Victory Income Fund Victory Portfolios III | 2026-07-31 | $4.0M | $3.5M | $0 |
| iShares iBonds Dec 2031 Term Corporate ETF iShares Trust | 2026-07-31 | $3.9M | $3.4M | -$48K |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $3.7M | $3.4M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.5M | $3.3M | $125K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): T. Rowe Price New Income Fund, Inc. ($15.0M), T. Rowe Price Spectrum Conservative Allocation Fund ($475K), T. Rowe Price Spectrum Moderate Allocation Fund ($366K), T. Rowe Price Spectrum Moderate Growth Allocation Fund ($303K), iShares ESG Aware U.S. Aggregate Bond ETF ($255K), T. Rowe Price Moderate Allocation Portfolio ($89K).
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 | 2 | $35.4M | $32.5M | 0.05% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 3 | $24.4M | $22.4M | 0.01% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $11.3M | $10.5M | 0.02% |
| BOND PIMCO Active Bond Exchange-Traded Fund | 2026-06-30 | 3 | $8.5M | $8.1M | 0.10% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $8.4M | $7.7M | 0.04% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 3 | $7.8M | $7.3M | 0.01% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $5.9M | $5.4M | 0.05% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 3 | $4.9M | $4.6M | 0.04% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 1 | $4.8M | $4.6M | 0.06% |
| IBDW iShares iBonds Dec 2031 Term Corporate ETF | 2026-07-31 | 1 | $3.9M | $3.4M | 0.13% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $3.5M | $3.3M | 0.02% |
| IBDV iShares iBonds Dec 2030 Term Corporate ETF | 2026-07-31 | 1 | $3.0M | $2.9M | 0.09% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $2.9M | $2.7M | 0.01% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $2.8M | $2.7M | 0.00% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $2.9M | $2.7M | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 120 bp spread prices in about 2.0% 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
Not available.
The stock side: 13F filings
What institutions report holding in FAF'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 | 47 | $115.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 462 | $6.63B | 2 | $3.1M | 3 | $3.3M | 0 |
| 2026-03-31 | 427 | $5.03B | 2 | $301K | 4 | $868K | 0 |
| 2025-12-31 | 444 | $5.71B | 2 | $1.0M | 3 | $848K | 0 |
| 2025-09-30 | 437 | $5.86B | 3 | $2.9M | 2 | $1.3M | 0 |
| 2025-06-30 | 416 | $5.53B | 1 | $0 | 3 | $952K | 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.