First Quantum Minerals Ltd. bonds FM.TO
Who owns First Quantum Minerals Ltd.'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. FM.TO 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 |
|---|---|---|---|---|---|---|---|---|---|
| 335934AU9 | 8.625% fixed | 2031-06-01 | USD | 103.90 | 7.64% | 332 bp | 35 | $134.4M | Jul 2026 |
| ZK7185364 | 8.625% fixed | 2031-06-01 | USD | 104.03 | 7.61% | 328 bp | 1 | $708K | Jul 2026 |
| C3535CAP3 | 8.63% fixed | 2031-06-01 | USD | 104.00 | 7.62% | 330 bp | 9 | $18.0M | Jul 2026 |
| YR6850774 | 8% fixed | 2033-03-01 | USD | 103.81 | 7.26% | 283 bp | 4 | $4.1M | Jul 2026 |
| 335934AW5 | 8% fixed | 2033-03-01 | USD | 103.90 | 7.24% | 281 bp | 45 | $118.4M | Jul 2026 |
| YL0629177 | 7.25% fixed | 2034-02-15 | USD | 101.74 | 6.95% | 246 bp | 5 | $3.9M | Jul 2026 |
| 335934AX3 | 7.25% fixed | 2034-02-15 | USD | 101.82 | 6.93% | 245 bp | 57 | $121.7M | Jul 2026 |
| 335934AY1 | 6.375% fixed | 2036-02-15 | USD | 96.59 | 6.87% | 229 bp | 57 | $151.0M | Jul 2026 |
| YH2986483 | 6.38% fixed | 2036-02-15 | USD | 96.54 | 6.88% | 230 bp | 4 | $5.6M | 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 | 9 | $557.9M | 103.81 | 7.24% | 281 bp | 57 |
| Jun 2026 | 5 | $602.6M | 102.58 | 6.82% | 246 bp | 82 |
| May 2026 | 5 | $422.0M | 104.33 | 7.11% | 282 bp | 35 |
| Apr 2026 | 9 | $561.1M | 104.23 | 7.05% | 295 bp | 58 |
| Mar 2026 | 5 | $609.2M | 101.80 | 6.97% | 286 bp | 84 |
| Feb 2026 | 6 | $344.2M | 104.79 | 7.11% | 331 bp | 33 |
| Jan 2026 | 9 | $652.6M | 105.07 | 7.43% | 361 bp | 64 |
| Dec 2025 | 7 | $718.3M | 105.30 | 7.41% | 367 bp | 74 |
| Nov 2025 | 6 | $326.2M | 105.21 | 7.35% | 376 bp | 32 |
| Oct 2025 | 9 | $641.0M | 104.86 | 7.37% | 382 bp | 54 |
| Sep 2025 | 7 | $737.5M | 105.20 | 7.35% | 376 bp | 74 |
| Aug 2025 | 5 | $274.4M | 104.40 | 7.36% | 366 bp | 30 |
| Jul 2025 | 9 | $690.7M | 104.01 | 7.45% | 358 bp | 59 |
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. 76 added, 37 cut, 18 new holders and 26 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $109.6M | $112.1M | $9.8M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $97.6M | $99.9M | $0 |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $82.1M | $85.8M | $51.5M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $82.1M | $81.9M | $3.0M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $76.2M | $76.6M | $4.0M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $56.2M | $56.2M | $2.4M |
| American High Income Trust | 2026-06-30 | $40.9M | $40.8M | -$3.9M |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $33.0M | $33.9M | $0 |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $27.9M | $28.2M | $0 |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $26.5M | $27.5M | $0 |
| Janus Henderson Multi-Sector Income Fund Janus Investment Fund | 2026-06-30 | $26.5M | $26.8M | $0 |
| Income Fund of America | 2026-07-31 | $25.1M | $25.0M | -$5.4M |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $23.5M | $24.2M | -$15.3M |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $23.1M | $23.3M | $5.3M |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $22.8M | $22.7M | $0 |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $19.4M | $20.2M | $1.8M |
| MFS Emerging Markets Debt Fund MFS SERIES TRUST X | 2026-07-31 | $17.3M | $18.0M | $0 |
| JNL/PPM America High Yield Bond Fund JNL Series Trust | 2026-06-30 | $16.4M | $16.5M | $4.9M |
| T. Rowe Price U.S. High Yield ETF T. Rowe Price Exchange-Traded Funds, Inc. | 2026-05-31 | $15.1M | $15.5M | $0 |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $14.5M | $14.8M | $3.6M |
| abrdn Income Credit Strategies Fund | 2026-07-31 | $14.2M | $14.6M | $0 |
| PGIM Short Duration Multi-Sector Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $13.7M | $14.2M | $8.2M |
| Western Asset Management Strategic Bond Opportunities Portfolio Brighthouse Funds Trust II | 2026-06-30 | $14.1M | $14.1M | -$410K |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $13.4M | $13.8M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $13.4M | $13.5M | $2.2M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Hartford Dynamic Bond Fund ($9.3M), Janus Henderson Flexible Bond Fund ($3.2M), Short Duration Bond Fund ($2.5M), JNL Multi-Manager Floating Rate Income Fund ($2.1M), PIMCO High Yield Fund ($1.3M), Victory High Income Fund ($833K), Janus Henderson Flexible Bond Portfolio ($749K), DWS High Income VIP ($600K), THE HARTFORD BALANCED INCOME FUND ($565K), Nuveen Credit Income Fund ($510K).
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 |
|---|---|---|---|---|---|
| THYF T. Rowe Price U.S. High Yield ETF | 2026-05-31 | 3 | $15.1M | $15.5M | 1.90% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 4 | $14.5M | $14.8M | 0.43% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 2 | $10.3M | $10.8M | 0.19% |
| HYEM VanEck Emerging Markets High Yield Bond ETF | 2026-07-31 | 4 | $8.2M | $8.4M | 1.60% |
| YLD Principal Active High Yield ETF | 2026-06-30 | 1 | $7.4M | $7.7M | 1.35% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 4 | $7.5M | $7.6M | 0.58% |
| EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2026-07-31 | 4 | $6.7M | $6.8M | 1.09% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $5.8M | $5.9M | 0.01% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $5.6M | $5.8M | 0.36% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 4 | $4.6M | $4.7M | 0.02% |
| CEMB iShares J.P. Morgan EM Corporate Bond ETF | 2026-07-31 | 4 | $3.6M | $3.6M | 0.90% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 2 | $3.4M | $3.5M | 0.30% |
| PGHY Invesco Global ex-US High Yield Corporate Bond ETF | 2026-07-31 | 4 | $2.4M | $2.4M | 1.06% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $2.4M | $2.3M | 0.04% |
| CARY Angel Oak Income ETF | 2026-07-31 | 1 | $2.1M | $2.1M | 0.15% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.00: safer than 37% of companies (43th percentile in Basic Materials). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $21.52B |
| Debt barrier (short-term + ½ long-term debt) | $3.29B |
| Equity volatility (1 year) | 55.6% |
| Asset value / asset volatility (solved) | $24.68B / 48.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 281 bp spread prices in about 4.7% 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'' = 2.25 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in FM.TO'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 | 1 | $2.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 5 | $5.8M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 5 | $3.0M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 5 | $1.9M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 4 | $1.4M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 2 | $223K | 0 | — | 0 | — | 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.