Genmab A/S bonds GMAB
Who owns Genmab A/S'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. GMAB 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 |
|---|---|---|---|---|---|---|---|---|---|
| BL5680253 | 0% fixed | 2032-12-13 | USD | — | — | — | 1 | $151K | Jun 2026 |
| 37230JAA0 | 6.25% fixed | 2032-12-15 | USD | 100.91 | 6.07% | 165 bp | 65 | $202.5M | Jul 2026 |
| 37230JAB8 | 7.25% fixed | 2033-12-15 | USD | 103.14 | 6.70% | 222 bp | 44 | $99.0M | 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 | 2 | $301.5M | 102.03 | 6.39% | 194 bp | 65 |
| Jun 2026 | 3 | $416.6M | 103.13 | 6.20% | 187 bp | 95 |
| May 2026 | 2 | $156.7M | 103.00 | 6.22% | 192 bp | 38 |
| Apr 2026 | 2 | $306.8M | 103.44 | 6.15% | 202 bp | 74 |
| Mar 2026 | 3 | $414.7M | 103.63 | 6.12% | 207 bp | 101 |
| Feb 2026 | 2 | $161.0M | 104.96 | 5.91% | 200 bp | 38 |
| Jan 2026 | 2 | $273.9M | 104.18 | 6.05% | 203 bp | 82 |
| Dec 2025 | 3 | $427.0M | 103.82 | 6.11% | 218 bp | 111 |
| Nov 2025 | 2 | $144.7M | 103.67 | 6.14% | 224 bp | 38 |
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. 50 added, 31 cut, 9 new holders and 26 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $100.0M | $102.4M | $0 |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $65.4M | $66.3M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $52.4M | $53.4M | $2.6M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $48.0M | $49.6M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $42.4M | $43.9M | $3.0M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $35.0M | $36.0M | $4.3M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $27.8M | $28.3M | $0 |
| MFS Total Return Bond Fund MFS Series Trust IX | 2026-07-31 | $24.4M | $24.6M | $0 |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $18.3M | $18.8M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $15.4M | $15.9M | -$1.7M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $14.7M | $15.2M | $1.6M |
| Lord Abbett Floating Rate Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $13.7M | $14.0M | -$4.0M |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $13.3M | $13.7M | $1.1M |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $13.3M | $13.6M | $1.4M |
| Franklin High Yield Corporate ETF Franklin Templeton ETF Trust | 2026-06-30 | $10.4M | $10.8M | $3.3M |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $8.6M | $8.8M | $750K |
| First Trust Smith Unconstrained Bond ETF First Trust Exchange-Traded Fund VIII | 2026-05-31 | $8.0M | $8.3M | $0 |
| T. Rowe Price U.S. High Yield ETF T. Rowe Price Exchange-Traded Funds, Inc. | 2026-05-31 | $7.7M | $8.0M | $2.1M |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $7.5M | $7.8M | -$648K |
| AB HIGH INCOME FUND INC | 2026-07-31 | $7.5M | $7.6M | $0 |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $7.1M | $7.4M | $0 |
| ALPS | Smith Total Return Bond Fund FINANCIAL INVESTORS TRUST | 2026-07-31 | $6.9M | $7.0M | $1.4M |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $6.9M | $7.0M | $0 |
| Fidelity Enhanced High Yield ETF Fidelity Covington Trust | 2026-05-31 | $6.3M | $6.5M | $1.6M |
| Franklin Income VIP Fund Franklin Templeton Variable Insurance Products Trust | 2026-06-30 | $6.0M | $6.2M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): CTIVP - American Century Diversified Bond Fund ($5.8M), Lord Abbett Core Plus Bond Fund ($4.3M), Lord Abbett Total Return Fund ($3.8M), BNY Mellon Core Plus Fund ($3.7M), KKR Income Opportunities Fund ($1.8M), Neuberger Strategic Income Fund ($1.5M), Fidelity Series High Income Fund ($1.2M), Neuberger High Income Bond Fund ($980K), CITY NATIONAL ROCHDALE FIXED INCOME OPPORTUNITIES FUND ($750K), Neuberger High Yield Strategies Fund Inc. ($705K).
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 | 2 | $52.4M | $53.4M | 0.19% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $35.0M | $36.0M | 0.22% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $15.4M | $15.9M | 0.22% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $14.7M | $15.2M | 0.13% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 2 | $10.4M | $10.8M | 0.91% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 1 | $8.0M | $8.3M | 0.25% |
| THYF T. Rowe Price U.S. High Yield ETF | 2026-05-31 | 1 | $7.7M | $8.0M | 0.98% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $7.5M | $7.8M | 0.22% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 2 | $6.3M | $6.5M | 1.24% |
| FIXD First Trust Smith Opportunistic Fixed Income ETF | 2026-05-31 | 1 | $5.7M | $5.8M | 0.17% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $5.5M | $5.7M | 0.82% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $4.9M | $5.0M | 0.21% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 1 | $4.1M | $4.2M | 0.26% |
| SMTH ALPS | Smith Core Plus Bond ETF | 2026-05-31 | 1 | $3.8M | $3.8M | 0.14% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $3.6M | $3.7M | 0.15% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.24: safer than 68% of companies (63th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $23.69B |
| Debt barrier (short-term + ½ long-term debt) | $2.71B |
| Equity volatility (1 year) | 34.7% |
| Asset value / asset volatility (solved) | $26.29B / 31.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 194 bp spread prices in about 3.2% 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'' = 3.61 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in GMAB'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 | 34 | $37.5M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 289 | $2.80B | 8 | $6.4M | 11 | $146.2M | 0 |
| 2026-03-31 | 270 | $2.23B | 3 | $977K | 7 | $16.0M | 0 |
| 2025-12-31 | 290 | $2.25B | 5 | $2.5M | 6 | $3.3M | 0 |
| 2025-09-30 | 251 | $1.94B | 2 | $316K | 4 | $1.9M | 0 |
| 2025-06-30 | 212 | $1.32B | 5 | $1.2M | 4 | $760K | 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.