Kenvue Inc. bonds KVUE
Who owns Kenvue 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. KVUE 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 |
|---|---|---|---|---|---|---|---|---|---|
| 49177JAF9 | 5.05% fixed | 2028-03-22 | USD | 100.71 | 4.59% | 43 bp | 12 | $13.1M | Jul 2026 |
| 49177JAH5 | 5% fixed | 2030-03-22 | USD | 100.48 | 4.85% | 57 bp | 10 | $12.6M | Jul 2026 |
| 49177JAS1 | 4.85% fixed | 2032-05-22 | USD | 99.41 | 4.97% | 58 bp | 12 | $7.8M | Jul 2026 |
| 49177JAK8 | 4.9% fixed | 2033-03-22 | USD | 98.82 | 5.11% | 67 bp | 19 | $14.5M | Jul 2026 |
| 49177JAM4 | 5.1% fixed | 2043-03-22 | USD | 91.55 | 5.90% | 96 bp | 10 | $8.7M | Jul 2026 |
| 49177JAP7 | 5.05% fixed | 2053-03-22 | USD | 86.71 | 6.06% | 96 bp | 10 | $17.1M | Jul 2026 |
| 49177JAR3 | 5.2% fixed | 2063-03-22 | USD | 85.98 | 6.17% | 107 bp | 7 | $3.5M | 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 | 7 | $77.3M | 98.82 | 5.04% | 63 bp | 19 |
| Jun 2026 | 7 | $441.3M | 100.41 | 4.79% | 50 bp | 51 |
| May 2026 | 7 | $496.8M | 100.65 | 4.73% | 47 bp | 36 |
| Apr 2026 | 7 | $89.2M | 100.62 | 4.71% | 64 bp | 19 |
| Mar 2026 | 7 | $464.4M | 100.77 | 4.71% | 72 bp | 52 |
| Feb 2026 | 7 | $542.5M | 102.38 | 4.29% | 44 bp | 35 |
| Jan 2026 | 8 | $117.4M | 100.96 | 4.53% | 57 bp | 22 |
| Dec 2025 | 8 | $461.7M | 101.12 | 4.50% | 63 bp | 51 |
| Nov 2025 | 8 | $533.7M | 101.29 | 4.45% | 60 bp | 33 |
| Oct 2025 | 8 | $116.2M | 100.69 | 4.67% | 85 bp | 26 |
| Sep 2025 | 8 | $421.3M | 100.92 | 4.62% | 75 bp | 46 |
| Aug 2025 | 8 | $461.4M | 101.04 | 4.59% | 58 bp | 32 |
| Jul 2025 | 8 | $157.0M | 100.62 | 4.72% | 55 bp | 24 |
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. 49 added, 42 cut, 5 new holders and 18 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD WELLINGTON FUND | 2026-05-31 | $138.1M | $137.9M | -$20.4M |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $113.9M | $113.4M | -$15.7M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $97.1M | $94.9M | $3.3M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $85.6M | $83.1M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $71.7M | $72.3M | $6.3M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $46.7M | $45.0M | $825K |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $40.0M | $40.6M | -$8.7M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $34.0M | $33.1M | -$165K |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $18.3M | $18.4M | $445K |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $17.9M | $17.5M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.7M | $13.8M | $525K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $14.1M | $13.7M | -$600K |
| VANGUARD LONG-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $15.2M | $13.6M | $0 |
| Federated Hermes Total Return Bond Fund Federated Hermes Total Return Series, Inc. | 2026-05-31 | $13.1M | $13.3M | $0 |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $12.8M | $12.9M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $11.9M | $12.1M | -$950K |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.7M | $11.8M | -$4.7M |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $12.0M | $11.1M | $1.5M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $10.6M | $10.7M | $1.0M |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $10.3M | $9.7M | $2.2M |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $9.4M | $9.1M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $8.9M | $9.0M | $224K |
| VANGUARD ULTRA-SHORT BOND ETF VANGUARD BOND INDEX FUNDS | 2026-06-30 | $8.8M | $8.9M | $0 |
| Invesco BulletShares 2028 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $8.1M | $8.2M | -$13K |
| Investment Grade Bond Fund John Hancock Bond Trust | 2026-05-31 | $8.0M | $8.1M | $443K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Core Fixed Income Fund ($7.6M), Franklin Total Return Fund ($6.0M), Lord Abbett Total Return Fund ($5.9M), BBH Limited Duration Fund ($2.1M), Total Return Portfolio ($1.0M), AST J.P. Morgan Fixed Income Central Portfolio ($855K), Guardian U.S. Government/Credit VIP Fund ($409K), Destinations Core Fixed Income Fund ($330K), JPMorgan Core Plus Bond ETF ($300K), Guardian Core Plus Fixed Income VIP Fund ($219K).
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 | 6 | $97.1M | $94.9M | 0.02% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $71.7M | $72.3M | 0.11% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $46.7M | $45.0M | 0.15% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $40.0M | $40.6M | 0.08% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 7 | $34.0M | $33.1M | 0.02% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $18.3M | $18.4M | 0.04% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $13.7M | $13.8M | 0.08% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $14.1M | $13.7M | 0.08% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $11.9M | $12.1M | 0.05% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 4 | $11.7M | $11.8M | 0.10% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $12.0M | $11.1M | 0.12% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $10.6M | $10.7M | 0.09% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 7 | $10.3M | $9.7M | 0.02% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $8.9M | $9.0M | 0.01% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 1 | $8.8M | $8.9M | 0.10% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.26: safer than 74% of companies (63th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-28.
| Equity value | $36.23B |
| Debt barrier (short-term + ½ long-term debt) | $4.94B |
| Equity volatility (1 year) | 29.1% |
| Asset value / asset volatility (solved) | $40.96B / 25.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 63 bp spread prices in about 1.1% 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 = 2.24 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in KVUE'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 | 121 | $114.6M | 0 | — | 2 | $168K | 0 |
| 2026-06-30 | 994 | $33.21B | 12 | $82.5M | 21 | $220.9M | 0 |
| 2026-03-31 | 994 | $24.66B | 18 | $162.0M | 26 | $368.4M | 0 |
| 2025-12-31 | 1,027 | $29.95B | 28 | $594.8M | 47 | $936.5M | 0 |
| 2025-09-30 | 1,042 | $27.40B | 30 | $665.7M | 54 | $1.79B | 1 |
| 2025-06-30 | 1,082 | $35.84B | 20 | $174.3M | 44 | $1.25B | 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.