Guidewire Software, Inc. bonds GWRE
Who owns Guidewire Software, Inc.'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. GWRE 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 |
|---|---|---|---|---|---|---|---|---|---|
| 40171VAC4 convertible | 1.25% fixed | 2029-11-01 | USD | 101.60 | — | — | 15 | $74.6M | 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 | 1 | $74.6M | 101.60 | — | — | 15 |
| Jun 2026 | 1 | $42.3M | 96.21 | — | — | 35 |
| May 2026 | 1 | $9.5M | 101.72 | — | — | 9 |
| Apr 2026 | 1 | $71.0M | 98.35 | — | — | 17 |
| Mar 2026 | 1 | $38.7M | 99.77 | — | — | 28 |
| Feb 2026 | 1 | $9.6M | 99.73 | — | — | 9 |
| Jan 2026 | 1 | $114.8M | 97.08 | — | — | 22 |
| Dec 2025 | 1 | $71.7M | 110.10 | — | — | 33 |
| Nov 2025 | 1 | $27.8M | 114.56 | — | — | 10 |
| Oct 2025 | 1 | $154.8M | 118.28 | — | — | 29 |
| Sep 2025 | 1 | $83.4M | 116.45 | — | — | 32 |
| Aug 2025 | 1 | $23.5M | 112.71 | — | — | 10 |
| Jul 2025 | 1 | $156.9M | 114.83 | — | — | 31 |
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. 12 added, 4 cut, 11 new holders and 7 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $15.0M | $15.3M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $14.5M | $14.8M | $2.8M |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $12.5M | $12.0M | $0 |
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $12.0M | $11.6M | $2.0M |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $11.3M | $11.5M | $0 |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $9.7M | $9.3M | $1.1M |
| Franklin Convertible Securities Fund Franklin Investors Securities Trust | 2026-07-31 | $8.0M | $8.1M | $0 |
| Putnam Convertible Securities Fund | 2026-07-31 | $7.3M | $7.5M | $0 |
| EUBEL BRADY & SUTTMAN INCOME AND APPRECIATION FUND Eubel Brady & Suttman Mutual Fund Trust | 2026-07-31 | $6.0M | $6.1M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $5.4M | $5.5M | new |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $4.6M | $4.6M | $0 |
| Miller Market Neutral Income Fund Miller Investment Trust | 2026-07-31 | $3.0M | $3.1M | $0 |
| Empower High Yield Bond Fund EMPOWER FUNDS, INC. | 2026-06-30 | $3.0M | $2.9M | $383K |
| Putnam High Yield Fund | 2026-05-31 | $1.9M | $1.9M | $0 |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $1.9M | $1.9M | $0 |
| JNL Multi-Manager Alternative Fund JNL Series Trust | 2026-06-30 | $1.6M | $1.5M | $1.4M |
| Advent Convertible & Income Fund ADVENT CONVERTIBLE & INCOME FUND | 2026-07-31 | $1.2M | $1.3M | -$695K |
| Loomis Sayles Strategic Income Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $795K | $763K | $0 |
| Lazard Enhanced Opportunities Portfolio LAZARD FUNDS INC | 2026-06-30 | $691K | $665K | new |
| Calamos Global Convertible Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $649K | $660K | $0 |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $572K | $549K | new |
| PACE Alternative Strategies Investments PACE SELECT ADVISORS TRUST | 2026-07-31 | $541K | $547K | $489K |
| Advent Convertible Bond ETF RBB Fund Trust | 2026-05-31 | $475K | $484K | -$121K |
| Putnam Diversified Income Trust | 2026-06-30 | $450K | $433K | $0 |
| Putnam VT High Yield Fund Putnam Variable Trust | 2026-06-30 | $366K | $352K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): THE HARTFORD STRATEGIC INCOME FUND ($5.3M), Hartford Strategic Income ETF ($997K), Defensive Market Strategies Fund ($784K), Mercer Opportunistic Fixed Income Fund ($765K), Hartford Multi-Asset Income Fund ($432K), Opportunistic Fixed Income Fund ($28K), Opportunistic Fixed Income Trust ($20K).
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 | 1 | $14.5M | $14.8M | 0.21% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $9.7M | $9.3M | 0.15% |
| ACVT Advent Convertible Bond ETF | 2026-05-31 | 1 | $475K | $484K | 1.50% |
| NFLT Virtus Newfleet Multi-Sector Bond ETF | 2026-07-31 | 1 | $54K | $55K | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.04: safer than 59% of companies (58th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-07-31.
| Equity value | $14.10B |
| Debt barrier (short-term + ½ long-term debt) | $339.0M |
| Equity volatility (1 year) | 61.3% |
| Asset value / asset volatility (solved) | $14.42B / 59.9% |
| 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'' = 1.40 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in GWRE'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 | 50 | $154.9M | 0 | — | 0 | — | 2 |
| 2026-06-30 | 536 | $10.03B | 15 | $46.1M | 20 | $90.1M | 56 |
| 2026-03-31 | 576 | $10.97B | 15 | $35.2M | 14 | $75.8M | 55 |
| 2025-12-31 | 655 | $16.19B | 10 | $49.6M | 11 | $44.5M | 48 |
| 2025-09-30 | 676 | $18.89B | 12 | $48.6M | 14 | $80.6M | 2 |
| 2025-06-30 | 667 | $19.34B | 12 | $53.0M | 14 | $75.7M | 1 |
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.