General Dynamics Corporation bonds GD
Who owns General Dynamics 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. GD 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 |
|---|---|---|---|---|---|---|---|---|---|
| 369550AX6 | 2.13% fixed | 2026-08-15 | USD | 99.90 | 4.64% | 91 bp | 2 | $6.5M | Jul 2026 |
| 369550BL1 | 3.5% fixed | 2027-04-01 | USD | 99.51 | 4.24% | 33 bp | 4 | $14.1M | Jul 2026 |
| 369550AZ1 | 2.63% fixed | 2027-11-15 | USD | 97.88 | 4.34% | 24 bp | 7 | $4.6M | Jul 2026 |
| 369550BC1 | 3.75% fixed | 2028-05-15 | USD | 98.93 | 4.37% | 19 bp | 12 | $13.7M | Jul 2026 |
| 369550BM9 | 3.625% fixed | 2030-04-01 | USD | 96.10 | 4.79% | 51 bp | 9 | $14.9M | Jul 2026 |
| 369550BP2 | 2.25% fixed | 2031-06-01 | USD | 89.13 | 4.79% | 47 bp | 10 | $4.2M | Jul 2026 |
| 369550BR8 | 4.95% fixed | 2035-08-15 | USD | 98.25 | 5.20% | 64 bp | 12 | $14.1M | Jul 2026 |
| 369550BH0 | 4.25% fixed | 2040-04-01 | USD | 87.36 | 5.58% | 80 bp | 12 | $7.9M | Jul 2026 |
| 369550BQ0 | 2.85% fixed | 2041-06-01 | USD | 72.10 | 5.65% | 81 bp | 6 | $1.9M | Jul 2026 |
| 369550AT5 | 3.6% fixed | 2042-11-15 | USD | 76.76 | 5.83% | 91 bp | 4 | $1.1M | Jul 2026 |
| 369550BJ6 | 4.25% fixed | 2050-04-01 | USD | 79.80 | 5.83% | 73 bp | 7 | $1.7M | 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 | 11 | $84.6M | 96.11 | 5.20% | 64 bp | 12 |
| Jun 2026 | 11 | $80.2M | 96.73 | 4.93% | 50 bp | 19 |
| May 2026 | 12 | $270.2M | 97.48 | 4.89% | 42 bp | 22 |
| Apr 2026 | 12 | $91.4M | 97.55 | 4.87% | 60 bp | 12 |
| Mar 2026 | 12 | $95.8M | 97.45 | 4.65% | 64 bp | 21 |
| Feb 2026 | 12 | $311.0M | 98.71 | 4.25% | 35 bp | 22 |
| Jan 2026 | 12 | $96.9M | 98.22 | 4.47% | 48 bp | 12 |
| Dec 2025 | 11 | $98.1M | 98.18 | 4.41% | 51 bp | 19 |
| Nov 2025 | 12 | $319.1M | 98.23 | 4.34% | 45 bp | 22 |
| Oct 2025 | 12 | $97.7M | 97.89 | 4.42% | 55 bp | 16 |
| Sep 2025 | 12 | $95.3M | 97.81 | 4.44% | 51 bp | 26 |
| Aug 2025 | 12 | $276.9M | 97.55 | 4.50% | 44 bp | 24 |
| Jul 2025 | 12 | $127.4M | 96.86 | 4.40% | 38 bp | 24 |
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. 30 added, 44 cut, 7 new holders and 13 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $53.2M | $52.3M | -$27.4M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $31.5M | $28.8M | -$4.1M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $24.0M | $22.7M | $734K |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $17.1M | $15.8M | $1.1M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $15.8M | $15.1M | $0 |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $14.8M | $14.8M | $3.0M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $14.9M | $14.6M | -$4.1M |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $12.7M | $12.6M | $173K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $12.7M | $11.7M | -$1.7M |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $10.5M | $10.3M | -$6.6M |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $10.2M | $8.9M | $9.3M |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $8.8M | $8.7M | $142K |
| Invesco BulletShares 2028 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $8.3M | $8.2M | $110K |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $9.2M | $8.1M | $180K |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.9M | $7.7M | -$617K |
| iShares iBonds Dec 2028 Term Corporate ETF iShares Trust | 2026-07-31 | $7.0M | $6.9M | $366K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $6.9M | $6.8M | $955K |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $6.6M | $6.4M | $575K |
| First Trust Smith Opportunistic Fixed Income ETF First Trust Exchange-Traded Fund VIII | 2026-05-31 | $6.3M | $6.4M | $0 |
| iShares Ultra Short Duration Bond Active ETF iShares U.S. ETF Trust | 2026-07-31 | $6.3M | $6.2M | $0 |
| iShares iBonds Dec 2026 Term Corporate ETF iShares Trust | 2026-07-31 | $6.0M | $6.0M | -$3.6M |
| Federated Hermes Total Return Bond Fund Federated Hermes Total Return Series, Inc. | 2026-05-31 | $5.9M | $5.9M | $0 |
| iShares iBonds Dec 2030 Term Corporate ETF iShares Trust | 2026-07-31 | $6.1M | $5.9M | $855K |
| Bond Fund of America | 2026-06-30 | $5.3M | $5.2M | $0 |
| Income Fund of America | 2026-07-31 | $5.4M | $5.2M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): BlackRock Systematic Multi-Strategy Fund ($4.8M), THRIVENT INCOME FUND ($2.4M), THRIVENT INCOME PORTFOLIO ($2.1M), AVIP Core Plus Bond Portfolio ($745K), EQ/Long-Term Bond Portfolio ($552K), PIMCO Investment Grade Credit Bond Portfolio ($500K), Western Asset Corporate Bond Fund ($490K), Western Asset Core Bond Fund ($480K), Western Asset Long Credit VIT ($150K), F/m 10-Year Investment Grade Corporate Bond ETF ($123K).
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 |
|---|---|---|---|---|---|
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $53.2M | $52.3M | 0.10% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 9 | $31.5M | $28.8M | 0.02% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $24.0M | $22.7M | 0.08% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $17.1M | $15.8M | 0.02% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 2 | $14.8M | $14.8M | 0.39% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $14.9M | $14.6M | 0.07% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 2 | $12.7M | $12.6M | 0.27% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 9 | $12.7M | $11.7M | 0.07% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 2 | $10.5M | $10.3M | 0.10% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $10.2M | $8.9M | 0.10% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 2 | $8.8M | $8.7M | 0.23% |
| BSCS Invesco BulletShares 2028 Corporate Bond ETF | 2026-05-31 | 1 | $8.3M | $8.2M | 0.24% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 9 | $9.2M | $8.1M | 0.02% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 5 | $7.9M | $7.7M | 0.07% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 1 | $7.0M | $6.9M | 0.17% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 14.56: safer than 91% of companies (92th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-07-05.
| Equity value | $92.39B |
| Debt barrier (short-term + ½ long-term debt) | $4.39B |
| Equity volatility (1 year) | 22.3% |
| Asset value / asset volatility (solved) | $96.59B / 21.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 64 bp spread prices in about 1.1% 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 = 4.11 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in GD'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 | 381 | $910.5M | 0 | — | 1 | $763K | 0 |
| 2026-06-30 | 2,206 | $81.85B | 30 | $286.1M | 32 | $476.2M | 0 |
| 2026-03-31 | 2,204 | $68.38B | 27 | $335.1M | 30 | $424.1M | 0 |
| 2025-12-31 | 2,146 | $77.12B | 30 | $430.2M | 35 | $606.8M | 0 |
| 2025-09-30 | 2,013 | $78.31B | 29 | $360.2M | 36 | $614.6M | 0 |
| 2025-06-30 | 1,886 | $66.73B | 25 | $264.3M | 34 | $608.0M | 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.