Illumina, Inc. bonds ILMN
Who owns Illumina, 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. ILMN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 452327AQ2 | 4.65% fixed | 2026-09-09 | USD | 100.03 | 4.36% | 64 bp | 21 | $53.2M | Jul 2026 |
| 452327AP4 | 5.75% fixed | 2027-12-13 | USD | 101.36 | 4.71% | 60 bp | 12 | $20.4M | Jul 2026 |
| 452327AR0 | 4.75% fixed | 2030-12-12 | USD | 98.49 | 5.14% | 83 bp | 16 | $20.6M | Jul 2026 |
| 452327AM1 | 2.55% fixed | 2031-03-23 | USD | 89.50 | 5.12% | 80 bp | 11 | $7.6M | 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 | 4 | $101.9M | 99.26 | 5.12% | 80 bp | 21 |
| Jun 2026 | 4 | $260.1M | 99.71 | 4.90% | 70 bp | 41 |
| May 2026 | 4 | $206.3M | 99.91 | 4.76% | 68 bp | 23 |
| Apr 2026 | 4 | $99.5M | 99.82 | 4.85% | 92 bp | 22 |
| Mar 2026 | 4 | $279.1M | 99.76 | 4.87% | 104 bp | 41 |
| Feb 2026 | 4 | $199.7M | 100.96 | 4.37% | 68 bp | 23 |
| Jan 2026 | 4 | $93.1M | 100.67 | 4.50% | 73 bp | 24 |
| Dec 2025 | 4 | $293.2M | 100.67 | 4.52% | 83 bp | 46 |
| Nov 2025 | 5 | $244.5M | 100.30 | 4.56% | 86 bp | 22 |
| Oct 2025 | 4 | $136.1M | 100.16 | 4.51% | 90 bp | 25 |
| Sep 2025 | 4 | $263.9M | 100.30 | 4.57% | 94 bp | 48 |
| Aug 2025 | 4 | $177.9M | 100.29 | 4.39% | 70 bp | 22 |
| Jul 2025 | 4 | $137.9M | 100.09 | 4.75% | 88 bp | 29 |
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. 28 added, 21 cut, 5 new holders and 7 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $116.0M | $115.8M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $21.9M | $21.2M | $800K |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $21.3M | $20.2M | $0 |
| Putnam Ultra Short Duration Income Fund Putnam Funds Trust | 2026-07-31 | $18.5M | $18.5M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $18.3M | $18.4M | $8.0M |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $18.0M | $17.9M | $0 |
| PIMCO Short-Term Fund PIMCO FUNDS | 2026-06-30 | $17.2M | $17.2M | $0 |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $16.3M | $16.2M | $0 |
| Lord Abbett Ultra Short Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $15.5M | $15.7M | $0 |
| PIMCO Enhanced Short Maturity Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $15.5M | $15.5M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $15.3M | $14.9M | $0 |
| Thornburg Limited Term Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $13.6M | $13.6M | $0 |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $13.2M | $13.1M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $13.0M | $12.9M | $0 |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $12.6M | $12.5M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $11.8M | $11.9M | $0 |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $8.2M | $8.2M | $2.3M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.4M | $8.2M | $3.1M |
| Janus Henderson Short Duration Income ETF Janus Detroit Street Trust | 2026-07-31 | $7.3M | $7.4M | $0 |
| iShares iBonds Dec 2026 Term Corporate ETF iShares Trust | 2026-07-31 | $7.1M | $7.1M | $2.5M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $7.0M | $7.0M | -$195K |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $7.3M | $7.0M | $0 |
| First Trust Limited Duration Investment Grade Corporate ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $7.0M | $6.9M | $0 |
| Transamerica Short-Term Bond TRANSAMERICA FUNDS | 2026-07-31 | $6.5M | $6.5M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.2M | $6.3M | -$1.4M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Guggenheim Limited Duration Fund ($14.4M), VANGUARD INTERMEDIATE-TERM BOND INDEX FUND ($6.4M), First Trust Core Investment Grade ETF ($3.5M), iShares 5-10 Year Investment Grade Corporate Bond ETF ($3.4M), Schwab 5-10 Year Corporate Bond ETF ($2.4M), Janus Henderson Multi-Sector Income Fund ($145K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($108K).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 3 | $21.9M | $21.2M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $18.3M | $18.4M | 0.04% |
| MINT PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 1 | $15.5M | $15.5M | 0.09% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $11.8M | $11.9M | 0.02% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $8.2M | $8.2M | 0.22% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $8.4M | $8.2M | 0.04% |
| VNLA Janus Henderson Short Duration Income ETF | 2026-07-31 | 2 | $7.3M | $7.4M | 0.22% |
| IBDR iShares iBonds Dec 2026 Term Corporate ETF | 2026-07-31 | 1 | $7.1M | $7.1M | 0.21% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 3 | $7.0M | $7.0M | 0.01% |
| FSIG First Trust Limited Duration Investment Grade Corporate ETF | 2026-07-31 | 1 | $7.0M | $6.9M | 0.46% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $6.2M | $6.3M | 0.06% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $5.1M | $5.2M | 0.11% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 3 | $4.3M | $4.1M | 0.04% |
| IBHF iShares iBonds 2026 Term High Yield and Income ETF | 2026-07-31 | 1 | $3.9M | $3.9M | 0.48% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 1 | $3.8M | $3.9M | 0.10% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.34: safer than 68% of companies (64th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-28.
| Equity value | $39.67B |
| Debt barrier (short-term + ½ long-term debt) | $1.25B |
| Equity volatility (1 year) | 48.1% |
| Asset value / asset volatility (solved) | $40.86B / 46.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 80 bp spread prices in about 1.3% 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'' = 3.12 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ILMN'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 | 148 | $827.3M | 0 | — | 1 | $1.5M | 0 |
| 2026-06-30 | 926 | $27.10B | 16 | $49.4M | 18 | $143.1M | 0 |
| 2026-03-31 | 831 | $16.77B | 17 | $58.7M | 20 | $108.9M | 0 |
| 2025-12-31 | 847 | $20.15B | 23 | $134.9M | 24 | $398.7M | 0 |
| 2025-09-30 | 762 | $14.74B | 23 | $95.4M | 23 | $482.2M | 1 |
| 2025-06-30 | 734 | $14.66B | 24 | $116.2M | 22 | $715.2M | 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.