Ferguson plc bonds FERG
Who owns Ferguson plc'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. FERG 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 |
|---|---|---|---|---|---|---|---|---|---|
| 31488VAB3 | 4.35% fixed | 2031-03-15 | USD | 97.34 | 5.00% | 68 bp | 17 | $30.0M | Jul 2026 |
| 31488VAA5 | 5% fixed | 2034-10-03 | USD | 97.10 | 5.44% | 93 bp | 15 | $33.1M | 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 | $63.2M | 97.22 | 5.22% | 80 bp | 17 |
| Jun 2026 | 2 | $141.0M | 98.58 | 4.97% | 67 bp | 37 |
| May 2026 | 2 | $71.9M | 98.84 | 4.92% | 66 bp | 32 |
| Apr 2026 | 2 | $71.7M | 98.95 | 4.89% | 82 bp | 18 |
| Mar 2026 | 2 | $141.1M | 98.63 | 4.94% | 94 bp | 39 |
| Feb 2026 | 2 | $90.1M | 100.94 | 4.53% | 68 bp | 32 |
| Jan 2026 | 2 | $74.6M | 100.02 | 4.69% | 73 bp | 18 |
| Dec 2025 | 2 | $132.8M | 100.30 | 4.65% | 76 bp | 37 |
| Nov 2025 | 2 | $96.4M | 100.66 | 4.58% | 74 bp | 37 |
| Oct 2025 | 2 | $74.9M | 100.14 | 4.67% | 84 bp | 17 |
| Sep 2025 | 2 | $137.5M | 100.05 | 4.69% | 82 bp | 39 |
| Aug 2025 | 1 | $50.4M | 99.01 | 5.14% | 96 bp | 35 |
| Jul 2025 | 1 | $37.5M | 98.71 | 5.18% | 85 bp | 17 |
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. 27 added, 23 cut, 10 new holders and 8 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| MFS Corporate Bond Fund MFS Series Trust IX | 2026-07-31 | $16.8M | $16.3M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $16.2M | $16.0M | $100K |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $15.8M | $15.6M | -$13.0M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $15.7M | $15.3M | new |
| DoubleLine Low Duration Bond Fund DoubleLine Funds Trust | 2026-06-30 | $13.7M | $13.4M | $2.1M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $12.8M | $12.6M | $0 |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $12.0M | $11.9M | $0 |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $11.8M | $11.6M | $0 |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $8.2M | $8.0M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $8.0M | $7.9M | $0 |
| Thornburg Limited Term Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $7.5M | $7.4M | $0 |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $7.2M | $7.2M | $0 |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $7.0M | $6.8M | -$20.1M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $6.7M | $6.6M | $5K |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $5.2M | $5.2M | -$3.2M |
| DoubleLine Shiller Enhanced CAPE DoubleLine Funds Trust | 2026-06-30 | $5.3M | $5.2M | -$142K |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $5.0M | $4.9M | $0 |
| iShares Investment Grade Systematic Bond ETF iShares Trust | 2026-05-31 | $4.7M | $4.7M | -$494K |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $4.7M | $4.7M | $0 |
| Fidelity Corporate Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $4.2M | $4.1M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $4.1M | $4.1M | $230K |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $4.0M | $4.0M | -$3.2M |
| iShares iBonds Dec 2031 Term Corporate ETF iShares Trust | 2026-07-31 | $4.0M | $3.9M | -$45K |
| Invesco BulletShares 2031 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $3.6M | $3.6M | -$305K |
| Mercer Core Fixed Income Fund Mercer Funds | 2026-06-30 | $3.6M | $3.5M | new |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): VANGUARD STAR CORE-PLUS BOND FUND ($2.8M), Touchstone Strategic Trust-Touchstone Balanced Fund ($1.3M), Touchstone Funds Group Trust-Touchstone Active Bond Fund ($1.1M), Columbia Diversified Fixed Income Allocation ETF ($250K), Janus Henderson Multi-Sector Income Fund ($220K), Touchstone Variable Series Trust-Touchstone Bond Fund ($172K), Morningstar Multisector Bond Fund ($150K), Touchstone Variable Series Trust-Touchstone Balanced Fund ($54K).
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 | 2 | $16.2M | $16.0M | 0.00% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $15.8M | $15.6M | 0.02% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $10.5M | $10.2M | 0.05% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $10.0M | $9.8M | 0.05% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 1 | $6.7M | $6.6M | 0.01% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $6.5M | $6.4M | 0.04% |
| IGEB iShares Investment Grade Systematic Bond ETF | 2026-05-31 | 1 | $4.7M | $4.7M | 0.35% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 2 | $4.1M | $4.1M | 0.00% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 1 | $4.0M | $4.0M | 0.03% |
| IBDW iShares iBonds Dec 2031 Term Corporate ETF | 2026-07-31 | 1 | $4.0M | $3.9M | 0.15% |
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 1 | $3.5M | $3.4M | 0.15% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 5 | $3.2M | $3.1M | 0.01% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 2 | $2.5M | $2.5M | 0.02% |
| IBDZ iShares iBonds Dec 2034 Term Corporate ETF | 2026-07-31 | 1 | $2.2M | $2.2M | 0.25% |
| MFSB MFS Active Core Plus Bond ETF | 2026-05-31 | 1 | $1.7M | $1.7M | 0.40% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 9.47: safer than 79% of companies (80th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $43.91B |
| Debt barrier (short-term + ½ long-term debt) | $3.43B |
| Equity volatility (1 year) | 29.8% |
| Asset value / asset volatility (solved) | $47.19B / 27.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 80 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'' = 3.72 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in FERG'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 | 118 | $543.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 928 | $42.99B | 13 | $73.2M | 10 | $83.8M | 0 |
| 2026-03-31 | 905 | $35.95B | 11 | $64.2M | 11 | $61.4M | 0 |
| 2025-12-31 | 886 | $38.54B | 7 | $26.0M | 13 | $88.4M | 0 |
| 2025-09-30 | 867 | $38.97B | 12 | $44.1M | 14 | $136.9M | 0 |
| 2025-06-30 | 768 | $37.45B | 15 | $79.2M | 17 | $83.2M | 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.