Kyndryl Holdings, Inc. bonds KD
Who owns Kyndryl Holdings, 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. KD 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 |
|---|---|---|---|---|---|---|---|---|---|
| 50155QAJ9 | 2.05% fixed | 2026-10-15 | USD | 99.46 | 4.66% | 93 bp | 8 | $21.9M | Jul 2026 |
| 50155QAK6 | 2.7% fixed | 2028-10-15 | USD | 94.43 | 5.41% | 118 bp | 10 | $7.0M | Jul 2026 |
| 50155QAL4 | 3.15% fixed | 2031-10-15 | USD | 83.20 | 7.06% | 272 bp | 19 | $52.7M | Jul 2026 |
| 50155QAN0 | 6.35% fixed | 2034-02-20 | USD | 94.33 | 7.34% | 285 bp | 10 | $39.0M | Jul 2026 |
| 50155QAM2 | 4.1% fixed | 2041-10-15 | USD | 69.76 | 7.46% | 259 bp | 13 | $49.5M | 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 | 5 | $170.1M | 94.33 | 7.20% | 266 bp | 19 |
| Jun 2026 | 5 | $553.2M | 93.96 | 7.11% | 264 bp | 32 |
| May 2026 | 5 | $100.5M | 93.89 | 6.92% | 246 bp | 17 |
| Apr 2026 | 5 | $171.1M | 93.95 | 6.66% | 250 bp | 17 |
| Mar 2026 | 5 | $520.6M | 92.50 | 7.09% | 286 bp | 32 |
| Feb 2026 | 5 | $99.6M | 92.09 | 6.79% | 271 bp | 19 |
| Jan 2026 | 5 | $173.7M | 96.08 | 5.27% | 131 bp | 21 |
| Dec 2025 | 5 | $453.4M | 95.86 | 5.15% | 127 bp | 32 |
| Nov 2025 | 5 | $111.7M | 95.68 | 5.19% | 134 bp | 19 |
| Oct 2025 | 5 | $172.1M | 95.43 | 5.13% | 130 bp | 20 |
| Sep 2025 | 5 | $444.8M | 95.27 | 4.89% | 112 bp | 38 |
| Aug 2025 | 5 | $150.0M | 95.07 | 4.96% | 105 bp | 19 |
| Jul 2025 | 5 | $143.6M | 94.19 | 5.12% | 105 bp | 17 |
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. 35 added, 38 cut, 11 new holders and 10 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PIMCO Short-Term Fund PIMCO FUNDS | 2026-06-30 | $76.1M | $75.6M | $400K |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $76.3M | $72.6M | $9.0M |
| Baird Ultra Short Bond Fund Baird Funds Inc | 2026-06-30 | $70.4M | $69.9M | $0 |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $59.0M | $58.6M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $61.6M | $58.0M | $7.7M |
| Frost Total Return Bond Fund Frost Family of Funds | 2026-07-31 | $60.2M | $47.5M | $12.6M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $35.2M | $31.4M | -$3.4M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $34.4M | $29.8M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $31.0M | $25.2M | $1.1M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $28.6M | $22.9M | $5.6M |
| Holbrook Income Fund Two Roads Shared Trust | 2026-07-31 | $24.2M | $20.1M | -$3.9M |
| EQ/Intermediate Corporate Bond Portfolio EQ Advisors Trust | 2026-06-30 | $15.8M | $14.6M | $0 |
| Thornburg Limited Term Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $14.4M | $14.3M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $12.9M | $11.2M | $0 |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $11.0M | $10.9M | $3.1M |
| DFA Global Core Plus Fixed Income Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $15.5M | $10.8M | $0 |
| PIMCO Enhanced Low Duration Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $10.8M | $10.7M | $0 |
| Baird Intermediate Bond Fund Baird Funds Inc | 2026-06-30 | $10.6M | $10.3M | $2.0M |
| iShares iBonds Dec 2026 Term Corporate ETF iShares Trust | 2026-07-31 | $9.5M | $9.4M | $3.6M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $10.7M | $9.1M | -$770K |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $7.8M | $7.8M | $0 |
| Dimensional Global Core Plus Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $8.8M | $7.4M | $1.4M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.1M | $7.2M | -$341K |
| Frost Credit Fund Frost Family of Funds | 2026-07-31 | $10.3M | $7.2M | $1.4M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $7.6M | $7.1M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Frost Low Duration Bond Fund ($7.0M), CTIVP - American Century Diversified Bond Fund ($3.8M), Short Duration Fund ($1.6M), American Century Diversified Corporate Bond ETF ($1.5M), Short Duration Strategic Income Fund ($1.2M), Invesco Multi-Asset Income Fund ($680K), Core Plus Fund ($460K), BNY Mellon Fixed Income Completion Funds (FICS) - CP ($125K), F/m 3-Year Investment Grade Corporate Bond ETF ($97K), Advantage CoreAlpha Bond Master Portfolio ($30K).
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 |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $35.2M | $31.4M | 0.05% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 3 | $31.0M | $25.2M | 0.01% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $12.9M | $11.2M | 0.02% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $11.0M | $10.9M | 0.29% |
| LDUR PIMCO Enhanced Low Duration Active Exchange-Traded Fund | 2026-06-30 | 1 | $10.8M | $10.7M | 0.78% |
| IBDR iShares iBonds Dec 2026 Term Corporate ETF | 2026-07-31 | 1 | $9.5M | $9.4M | 0.28% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $10.7M | $9.1M | 0.01% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 4 | $8.8M | $7.4M | 0.22% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $8.1M | $7.2M | 0.04% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $7.6M | $7.1M | 0.01% |
| MINT PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 1 | $6.3M | $6.2M | 0.04% |
| IBHF iShares iBonds 2026 Term High Yield and Income ETF | 2026-07-31 | 1 | $5.6M | $5.6M | 0.69% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $6.1M | $5.4M | 0.05% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 3 | $4.7M | $4.2M | 0.04% |
| VBND Vident U.S. Bond Strategy ETF | 2026-05-31 | 2 | $4.1M | $3.6M | 0.72% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 1.10: safer than 8% of companies (7th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $2.91B |
| Debt barrier (short-term + ½ long-term debt) | $2.93B |
| Equity volatility (1 year) | 94.2% |
| Asset value / asset volatility (solved) | $5.64B / 51.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 266 bp spread prices in about 4.4% 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'' = -0.42 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in KD'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 | 80 | $20.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 662 | $2.15B | 13 | $25.2M | 15 | $17.0M | 0 |
| 2026-03-31 | 641 | $1.94B | 12 | $16.5M | 14 | $22.7M | 0 |
| 2025-12-31 | 688 | $4.95B | 12 | $25.9M | 14 | $38.8M | 0 |
| 2025-09-30 | 674 | $5.59B | 13 | $14.1M | 15 | $45.2M | 0 |
| 2025-06-30 | 716 | $7.55B | 13 | $21.1M | 16 | $96.8M | 0 |
Officials trading KD bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2024-10-25 | John Karl Fetterman | sale full | Kyndryl Hldgs Inc Ser B Note Rate/Coupon: 2.7% Matures: 10/15/2028 | $1,001 - $15,000 | filing |
| 2024-10-25 | John Karl Fetterman | purchase | Kyndryl Hldgs Inc. Ser B Note Rate/Coupon: 4.1% Matures: 10/15/2041 | $1,001 - $15,000 | filing |
| 2024-10-25 | John Fetterman | sale full | Kyndryl Hldgs Inc Ser B Note Rate/Coupon: 2.7% Matures: 10/15/2028 | $1,001 - $15,000 | filing |
| 2024-10-25 | John Fetterman | purchase | Kyndryl Hldgs Inc. Ser B Note Rate/Coupon: 4.1% Matures: 10/15/2041 | $1,001 - $15,000 | filing |
| 2024-10-24 | John Karl Fetterman | sale full | Kyndryl Holdings Inc. Note Rate/Coupon: 6.35% Matures: 02/20/2034 | $1,001 - $15,000 | filing |
| 2024-10-24 | John Fetterman | sale full | Kyndryl Holdings Inc. Note Rate/Coupon: 6.35% Matures: 02/20/2034 | $1,001 - $15,000 | filing |
| 2023-05-04 | John Fetterman | purchase | Kyndryl Hldgs Inc Ser B Note Rate/Coupon: 2.7% Matures: 10/15/2028 | $1,001 - $15,000 | filing |
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.