Fresenius SE & Co. KGaA bonds FRE.DE
Who owns Fresenius SE & Co. KGaA'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. FRE.DE 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 |
|---|---|---|---|---|---|---|---|---|---|
| BH4726650 | 1.625% fixed | 2027-10-08 | EUR | 98.39 | 3.02% | — | 2 | $11.3M | Jul 2026 |
| ZP3185474 | 0.75% fixed | 2028-01-15 | EUR | 96.64 | 3.14% | — | 3 | $13.7M | Jul 2026 |
| DE000A4DFSR9 | 0% fixed | 2028-03-11 | EUR | 96.75 | 1.87% | — | 1 | $4.7M | May 2026 |
| AW5065858 | 2.875% fixed | 2029-02-15 | EUR | 99.40 | 3.12% | — | 3 | $8.2M | Jul 2026 |
| YL9734192 | 2.75% fixed | 2029-09-15 | EUR | 97.79 | 3.51% | — | 1 | $113K | Jul 2026 |
| ZN5392149 | 5% fixed | 2029-11-28 | EUR | 104.30 | 3.60% | — | 8 | $25.3M | Jul 2026 |
| XS2482872251 | 2.875% fixed | 2030-05-24 | EUR | 97.97 | 3.45% | — | 2 | $264K | Jul 2026 |
| XS2698713695 | 5.13% fixed | 2030-10-05 | EUR | 105.83 | 3.60% | — | 2 | $1.3M | Jul 2026 |
| XS3435668325 | 3.38% fixed | 2031-07-08 | EUR | 98.38 | 3.74% | — | 1 | $113K | Jul 2026 |
| XS2237447961 | 1.125% fixed | 2033-01-28 | EUR | 84.55 | 3.86% | — | 2 | $14.6M | Jul 2026 |
| YL9734200 | 3.5% fixed | 2034-03-15 | EUR | 96.49 | 4.04% | — | 2 | $17.0M | Jul 2026 |
| XS3435670222 | 3.75% fixed | 2034-07-08 | EUR | 97.65 | 4.10% | — | 1 | $141K | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
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 | 11 | $92.0M | 97.97 | — | — | 8 |
| Jun 2026 | 2 | $3.8M | 147.83 | — | — | 2 |
| May 2026 | 1 | $4.7M | 96.75 | — | — | 1 |
| Apr 2026 | 9 | $94.5M | 98.02 | — | — | 8 |
| Mar 2026 | 3 | $4.8M | 97.74 | — | — | 2 |
| Feb 2026 | 1 | $3.0M | 98.14 | — | — | 1 |
| Jan 2026 | 8 | $96.3M | 99.58 | — | — | 8 |
| Dec 2025 | 4 | $8.5M | 98.79 | — | — | 2 |
| Nov 2025 | 1 | $3.0M | 99.17 | — | — | 1 |
| Oct 2025 | 9 | $79.2M | 99.81 | — | — | 8 |
| Sep 2025 | 2 | $5.9M | 99.75 | — | — | 2 |
| Aug 2025 | 1 | $3.1M | 100.68 | — | — | 1 |
| Jul 2025 | 7 | $75.9M | 100.52 | — | — | 8 |
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. 1 added, 1 cut, 0 new holders and 1 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $42.7M | $47.2M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $29.8M | $33.1M | $0 |
| JPMorgan Strategic Income Opportunities Fund JPMorgan Trust I | 2026-05-31 | $4.2M | $4.7M | $1.6M |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $3.7M | $4.5M | $0 |
| T. Rowe Price International Bond Fund (USD Hedged) T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $2.6M | $3.0M | $0 |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $1.8M | $2.1M | -$575K |
| DFA Short-Duration Real Return Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $1.3M | $1.6M | $0 |
| Dimensional International Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $1.1M | $1.3M | $0 |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $1.0M | $1.2M | $0 |
| DFA Selectively Hedged Global Fixed Income Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $600K | $723K | $0 |
| T. Rowe Price International Bond Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $415K | $467K | $0 |
| Nuveen International Aggregate Bond ETF NuShares ETF Trust | 2026-06-30 | $300K | $338K | $0 |
| Dimensional Global Sustainability Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $134K | $151K | $0 |
| Diversified Income Fund Principal Funds, Inc | 2026-07-31 | $100K | $113K | $0 |
| JPMorgan Global Active Allocation Portfolio Brighthouse Funds Trust I | 2026-06-30 | $0 | $0 | -$900K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): JPMorgan Global Active Allocation Portfolio ($900K).
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 |
|---|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 5 | $29.8M | $33.1M | 0.03% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 8 | $1.8M | $2.1M | 0.02% |
| DFGX Dimensional International Core Fixed Income ETF | 2026-07-31 | 2 | $1.1M | $1.3M | 0.08% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 1 | $1.0M | $1.2M | 0.02% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 1 | $300K | $338K | 0.01% |
| DFSB Dimensional Global Sustainability Fixed Income ETF | 2026-07-31 | 1 | $134K | $151K | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 10.00: safer than 81% of companies (78th percentile in Healthcare). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $32.10B |
| Debt barrier (short-term + ½ long-term debt) | $6.75B |
| Equity volatility (1 year) | 21.3% |
| Asset value / asset volatility (solved) | $38.57B / 17.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z'' = 2.89 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
Against its own government
Yield minus the government's fitted curve at the same maturity, same currency, bonds with at least $25M held and 3 funds pricing them: EUR 3.3y +76 bp (as of Jul 2026).
The stock side: 13F filings
What institutions report holding in FRE.DE'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 | $52K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 4 | $144K | 0 | — | 0 | — | 0 |
| 2026-03-31 | 5 | $485K | 0 | — | 0 | — | 0 |
| 2025-12-31 | 6 | $543K | 0 | — | 0 | — | 0 |
| 2025-09-30 | 4 | $582K | 0 | — | 0 | — | 0 |
| 2025-06-30 | 7 | $4.6M | 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.