Liberty Media Corporation bonds FWONK
Who owns Liberty Media 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. FWONK 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 |
|---|---|---|---|---|---|---|---|---|---|
| 531229AQ5 convertible | 2.25% fixed | 2027-08-15 | USD | 126.29 | — | — | 15 | $77.5M | Jul 2026 |
| 531229AP7 convertible | 3.75% fixed | 2028-03-15 | USD | 114.32 | — | — | 11 | $81.7M | 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 | 2 | $159.1M | 120.30 | — | — | 15 |
| Jun 2026 | 2 | $68.3M | 119.27 | — | — | 21 |
| May 2026 | 2 | $43.3M | 117.25 | — | — | 4 |
| Apr 2026 | 2 | $133.5M | 113.19 | — | — | 14 |
| Mar 2026 | 3 | $85.4M | 115.45 | — | — | 18 |
| Feb 2026 | 3 | $57.8M | 120.92 | — | — | 5 |
| Jan 2026 | 3 | $184.0M | 116.92 | — | — | 22 |
| Dec 2025 | 3 | $106.7M | 126.75 | — | — | 21 |
| Nov 2025 | 3 | $58.1M | 124.70 | — | — | 5 |
| Oct 2025 | 3 | $191.9M | 128.32 | — | — | 26 |
| Sep 2025 | 3 | $115.6M | 132.78 | — | — | 25 |
| Aug 2025 | 3 | $73.7M | 127.66 | — | — | 7 |
| Jul 2025 | 3 | $205.1M | 129.74 | — | — | 27 |
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. 7 added, 10 cut, 17 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $27.4M | $33.0M | $0 |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $23.9M | $28.8M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $22.1M | $26.4M | $4.3M |
| Franklin Convertible Securities Fund Franklin Investors Securities Trust | 2026-07-31 | $23.0M | $26.3M | $0 |
| Invesco Equity and Income Fund AIM Counselor Series Trust (Invesco Counselor Series Trust) | 2026-05-31 | $20.6M | $24.9M | $0 |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $15.5M | $18.3M | -$14.3M |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $11.5M | $13.4M | -$3.8M |
| CALAMOS CONVERTIBLE & HIGH INCOME FUND | 2026-07-31 | $10.5M | $12.7M | $0 |
| Calamos Convertible Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $10.0M | $12.1M | $0 |
| CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND | 2026-07-31 | $9.5M | $11.5M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $8.3M | $10.5M | new |
| Calamos Dynamic Convertible & Income Fund | 2026-07-31 | $8.2M | $9.9M | $0 |
| Putnam Convertible Securities Fund | 2026-07-31 | $4.8M | $6.1M | -$570K |
| American Beacon SSI Alternative Income Fund AMERICAN BEACON FUNDS | 2026-06-30 | $5.2M | $5.9M | $0 |
| WESTWOOD ALTERNATIVE INCOME FUND Ultimus Managers Trust | 2026-07-31 | $4.5M | $5.3M | $3.0M |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $4.2M | $4.9M | -$2.4M |
| Invesco Convertible Securities Fund AIM Growth Series (Invesco Growth Series) | 2026-06-30 | $2.0M | $2.5M | $0 |
| Invesco V.I. Equity and Income Fund AIM Variable Insurance Funds (Invesco Variable Insurance Funds) | 2026-06-30 | $1.9M | $2.4M | $0 |
| Global Opportunities Portfolio | 2026-07-31 | $1.9M | $2.3M | $0 |
| Empower High Yield Bond Fund EMPOWER FUNDS, INC. | 2026-06-30 | $1.8M | $2.3M | -$244K |
| Strategic Alternatives Fund GuideStone Funds | 2026-06-30 | $1.3M | $1.5M | $0 |
| Morningstar Alternatives Fund Morningstar Funds Trust | 2026-07-31 | $1.1M | $1.3M | -$150K |
| VY(R) INVESCO EQUITY AND INCOME PORTFOLIO Voya Partners Inc | 2026-06-30 | $910K | $1.1M | $0 |
| Calvert Bond Fund Calvert Social Investment Fund | 2026-06-30 | $900K | $1.1M | $0 |
| Eaton Vance Total Return Bond Fund Eaton Vance Mutual Funds Trust | 2026-06-30 | $600K | $745K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Harbor Ares Systematic Convertible Securities Fund ($400K), Defensive Market Strategies Fund ($387K), 1290 Loomis Sayles Multi-Asset Income Fund ($159K), State Street(R) Loomis Sayles Opportunistic Bond ETF ($19K).
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 |
|---|---|---|---|---|---|
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 2 | $22.1M | $26.4M | 0.37% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 2 | $15.5M | $18.3M | 0.30% |
| FCVT First Trust SSI Strategic Convertible Securities ETF | 2026-07-31 | 1 | $330K | $417K | 0.41% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $115K | $143K | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 11.74: safer than 86% of companies (82th percentile in Communication Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.50B |
| Debt barrier (short-term + ½ long-term debt) | $563.2M |
| Equity volatility (1 year) | 19.7% |
| Asset value / asset volatility (solved) | $4.04B / 17.0% |
| 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'' = -1.65 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in FWONK'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 | 68 | $226.5M | 0 | — | 0 | — | 2 |
| 2026-06-30 | 661 | $22.55B | 6 | $94.0M | 13 | $104.8M | 59 |
| 2026-03-31 | 636 | $17.33B | 9 | $25.0M | 12 | $36.9M | 56 |
| 2025-12-31 | 657 | $22.29B | 10 | $37.7M | 12 | $55.5M | 57 |
| 2025-09-30 | 706 | $30.32B | 7 | $5.0M | 6 | $6.6M | 67 |
| 2025-06-30 | 672 | $28.70B | 7 | $19.8M | 7 | $10.5M | 67 |
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.