Fluor Corporation bonds FLR
Who owns Fluor 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. FLR 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 |
|---|---|---|---|---|---|---|---|---|---|
| 343412AF9 | 4.25% fixed | 2028-09-15 | USD | 98.12 | 5.19% | 97 bp | 15 | $64.4M | Jul 2026 |
| 343412AJ1 convertible | 1.125% fixed | 2029-08-15 | USD | 129.78 | — | — | 22 | $160.9M | 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 | 2 | $225.3M | 113.95 | 5.19% | 97 bp | 22 |
| Jun 2026 | 2 | $94.6M | 115.86 | 4.66% | 54 bp | 33 |
| May 2026 | 2 | $33.8M | 110.01 | 5.03% | 102 bp | 14 |
| Apr 2026 | 2 | $242.0M | 116.67 | 4.70% | 89 bp | 24 |
| Mar 2026 | 2 | $92.9M | 110.88 | 4.92% | 120 bp | 32 |
| Feb 2026 | 2 | $34.1M | 116.22 | 4.54% | 104 bp | 12 |
| Jan 2026 | 2 | $227.6M | 111.49 | 4.54% | 95 bp | 22 |
| Dec 2025 | 2 | $88.8M | 106.75 | 4.51% | 97 bp | 32 |
| Nov 2025 | 2 | $30.1M | 109.21 | 4.32% | 77 bp | 11 |
| Oct 2025 | 2 | $228.6M | 114.11 | 4.52% | 99 bp | 23 |
| Sep 2025 | 2 | $89.9M | 108.92 | 4.63% | 108 bp | 31 |
| Aug 2025 | 2 | $23.8M | 107.00 | 4.80% | 113 bp | 12 |
| Jul 2025 | 2 | $237.9M | 119.56 | 4.79% | 94 bp | 26 |
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. 15 added, 23 cut, 10 new holders and 12 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Franklin Convertible Securities Fund Franklin Investors Securities Trust | 2026-07-31 | $39.0M | $50.6M | $0 |
| VanEck Fallen Angel High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $24.9M | $24.5M | $525K |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $23.1M | $22.9M | $0 |
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $14.9M | $19.8M | $1.0M |
| iShares Fallen Angels USD Bond ETF iShares Trust | 2026-07-31 | $17.3M | $17.0M | -$5.7M |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $12.5M | $16.2M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $12.1M | $15.7M | $2.4M |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $10.5M | $13.6M | $0 |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $10.1M | $13.4M | $0 |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $11.0M | $13.4M | $3.0M |
| CALAMOS STRATEGIC TOTAL RETURN FUND | 2026-07-31 | $9.2M | $11.9M | $0 |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $8.6M | $11.3M | $1.3M |
| Calamos Convertible Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $7.2M | $9.4M | $0 |
| Calamos Growth & Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $7.2M | $9.4M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $9.0M | $8.8M | $50K |
| CALAMOS CONVERTIBLE & HIGH INCOME FUND | 2026-07-31 | $5.5M | $7.1M | $0 |
| CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND | 2026-07-31 | $5.2M | $6.8M | $0 |
| Miller Market Neutral Income Fund Miller Investment Trust | 2026-07-31 | $4.5M | $5.8M | $0 |
| Calamos Dynamic Convertible & Income Fund | 2026-07-31 | $4.2M | $5.5M | $0 |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $4.4M | $5.4M | -$710K |
| Ellsworth Growth & Income Fund Ltd | 2026-06-30 | $3.4M | $4.4M | $0 |
| Bancroft Fund Ltd | 2026-06-30 | $3.4M | $4.4M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $4.3M | $4.2M | -$1.0M |
| Victory Income Fund Victory Portfolios III | 2026-07-31 | $4.0M | $3.9M | $0 |
| Invesco Convertible Securities Fund AIM Growth Series (Invesco Growth Series) | 2026-06-30 | $2.8M | $3.6M | -$2.8M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Putnam Convertible Securities Fund ($2.1M), Empower High Yield Bond Fund ($704K), AllianceBernstein Global High Income Fund Inc ($424K), Defensive Market Strategies Fund ($418K), Putnam Diversified Income Trust ($165K), Putnam Premier Income Trust ($141K), WisdomTree U.S. High Yield Corporate Bond Fund ($77K), Putnam Master Intermediate Income Trust ($64K), Putnam VT Diversified Income Fund ($41K), Opportunistic Fixed Income Fund ($28K).
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 |
|---|---|---|---|---|---|
| ANGL VanEck Fallen Angel High Yield Bond ETF | 2026-07-31 | 1 | $24.9M | $24.5M | 0.80% |
| FALN iShares Fallen Angels USD Bond ETF | 2026-07-31 | 1 | $17.3M | $17.0M | 1.05% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $12.1M | $15.7M | 0.22% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $8.6M | $11.3M | 0.18% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $9.0M | $8.8M | 0.03% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $4.3M | $4.2M | 0.06% |
| IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 2026-05-31 | 1 | $3.3M | $3.3M | 1.03% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $2.8M | $2.7M | 0.39% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $1.7M | $1.7M | 0.10% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $1.7M | $1.7M | 0.03% |
| IBHH iShares iBonds 2028 Term High Yield and Income ETF | 2026-07-31 | 1 | $1.7M | $1.6M | 0.36% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $1.5M | $1.5M | 0.04% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $943K | $927K | 0.04% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $897K | $881K | 0.10% |
| UITB VictoryShares Core Intermediate Bond ETF | 2026-06-30 | 1 | $700K | $691K | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.55: safer than 54% of companies (54th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $6.21B |
| Debt barrier (short-term + ½ long-term debt) | $536.0M |
| Equity volatility (1 year) | 48.2% |
| Asset value / asset volatility (solved) | $6.72B / 44.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 97 bp spread prices in about 1.6% 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'' = 3.99 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in FLR'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 | 42 | $27.4M | 1 | $16.3M | 0 | — | 2 |
| 2026-06-30 | 544 | $6.74B | 21 | $196.8M | 28 | $508.3M | 52 |
| 2026-03-31 | 512 | $5.08B | 17 | $122.3M | 23 | $419.4M | 45 |
| 2025-12-31 | 507 | $5.35B | 25 | $214.2M | 29 | $500.3M | 51 |
| 2025-09-30 | 478 | $6.10B | 26 | $164.2M | 37 | $620.2M | 54 |
| 2025-06-30 | 487 | $8.07B | 24 | $216.5M | 29 | $377.1M | 58 |
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.