Global Partners LP bonds GLP
Who owns Global Partners LP'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. GLP 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 |
|---|---|---|---|---|---|---|---|---|---|
| 37954FAJ3 | 6.875% fixed | 2029-01-15 | USD | 100.52 | 6.64% | 240 bp | 25 | $36.9M | Jul 2026 |
| 37954FAK0 | 8.25% fixed | 2032-01-15 | USD | 104.28 | 7.28% | 292 bp | 44 | $78.7M | Jul 2026 |
| 37954FAL8 | 7.125% fixed | 2033-07-01 | USD | 101.30 | 6.88% | 243 bp | 50 | $62.8M | 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 | 3 | $178.4M | 101.30 | 6.88% | 243 bp | 50 |
| Jun 2026 | 3 | $192.6M | 101.23 | 6.90% | 257 bp | 74 |
| May 2026 | 3 | $135.2M | 101.72 | 6.81% | 250 bp | 41 |
| Apr 2026 | 3 | $162.8M | 102.50 | 6.68% | 268 bp | 46 |
| Mar 2026 | 3 | $190.3M | 100.86 | 6.97% | 308 bp | 66 |
| Feb 2026 | 3 | $137.7M | 103.46 | 6.52% | 296 bp | 43 |
| Jan 2026 | 3 | $154.1M | 102.46 | 6.70% | 275 bp | 46 |
| Dec 2025 | 3 | $174.2M | 102.15 | 6.76% | 282 bp | 72 |
| Nov 2025 | 3 | $131.3M | 101.53 | 6.86% | 296 bp | 40 |
| Oct 2025 | 3 | $158.0M | 101.46 | 6.87% | 299 bp | 46 |
| Sep 2025 | 3 | $179.9M | 102.56 | 6.69% | 298 bp | 73 |
| Aug 2025 | 3 | $136.2M | 102.35 | 6.73% | 271 bp | 42 |
| Jul 2025 | 3 | $158.3M | 101.58 | 6.86% | 264 bp | 42 |
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. 43 added, 22 cut, 13 new holders and 7 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 | $35.6M | $36.4M | -$3.4M |
| American High Income Trust | 2026-06-30 | $28.7M | $29.4M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $26.9M | $27.5M | $3.6M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $22.3M | $22.6M | $0 |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $19.8M | $20.4M | $0 |
| The Osterweis Strategic Income Fund Professionally Managed Portfolios | 2026-06-30 | $18.7M | $18.9M | $0 |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $13.9M | $14.5M | $0 |
| Income Fund of America | 2026-07-31 | $13.4M | $13.8M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $13.1M | $13.5M | $3.6M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $12.7M | $13.1M | $0 |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $12.1M | $12.3M | $0 |
| HIGH INCOME OPPORTUNITIES PORTFOLIO High Income Opportunities Portfolio | 2026-07-31 | $10.2M | $10.5M | $1.5M |
| Global Opportunities Portfolio | 2026-07-31 | $10.2M | $10.4M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $9.2M | $9.3M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $8.2M | $8.4M | $0 |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $7.0M | $7.4M | $0 |
| BNY Mellon Core Plus Fund BNY Mellon Absolute Insight Funds, Inc. | 2026-07-31 | $6.3M | $6.6M | -$1.2M |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $5.7M | $5.9M | $0 |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $5.8M | $5.8M | new |
| Guggenheim Strategic Opportunities Fund | 2026-05-29 | $5.6M | $5.7M | $0 |
| Invesco High Yield Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $5.3M | $5.4M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.3M | $5.4M | -$1.3M |
| AB HIGH INCOME FUND INC | 2026-07-31 | $5.2M | $5.2M | $0 |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $5.0M | $5.1M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $4.3M | $4.5M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Putnam High Yield Fund ($3.7M), AllianceBernstein Global High Income Fund Inc ($1.4M), TCW Flexible Income ETF ($855K), Putnam Multi-Asset Income Fund ($130K), Opportunistic Credit Fund ($70K), BlackRock Global Allocation Fund, Inc. ($63K), State Street(R) My2029 High Yield Corporate Bond ETF ($25K).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 3 | $26.9M | $27.5M | 0.10% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $13.1M | $13.5M | 0.08% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $5.3M | $5.4M | 0.05% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $4.0M | $4.0M | 0.47% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $3.6M | $3.8M | 0.07% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $3.2M | $3.2M | 0.27% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $3.0M | $3.1M | 0.04% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $2.8M | $2.9M | 0.11% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $2.7M | $2.8M | 0.08% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $2.5M | $2.6M | 0.11% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 3 | $2.4M | $2.4M | 0.01% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $2.4M | $2.4M | 0.05% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 3 | $2.3M | $2.3M | 0.18% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 3 | $1.6M | $1.7M | 0.15% |
| HYFI AB High Yield ETF | 2026-05-31 | 1 | $1.5M | $1.6M | 0.47% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.60: safer than 55% of companies (63th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $1.66B |
| Debt barrier (short-term + ½ long-term debt) | $793.4M |
| Equity volatility (1 year) | 29.6% |
| Asset value / asset volatility (solved) | $2.42B / 20.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 243 bp spread prices in about 4.0% 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'' = 1.06 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in GLP'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 | 10 | $8.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 111 | $776.8M | 5 | $1.9M | 6 | $2.5M | 0 |
| 2026-03-31 | 99 | $598.4M | 4 | $1.4M | 5 | $1.9M | 0 |
| 2025-12-31 | 95 | $580.3M | 3 | $1.6M | 4 | $2.1M | 0 |
| 2025-09-30 | 99 | $756.5M | 2 | $1.7M | 4 | $2.7M | 0 |
| 2025-06-30 | 103 | $831.5M | 5 | $2.2M | 5 | $3.7M | 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.