Deutsche Lufthansa AG bonds LHA.DE
Who owns Deutsche Lufthansa AG'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. LHA.DE 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 |
|---|---|---|---|---|---|---|---|---|---|
| BS3793780 | 2.875% fixed | 2027-05-16 | EUR | 99.52 | 3.35% | — | 2 | $50.2M | Apr 2026 |
| BN9188507 | 3.75% fixed | 2028-02-11 | EUR | 100.28 | 3.55% | — | 3 | $23.8M | Jul 2026 |
| XS2892988275 | 3.63% fixed | 2028-09-03 | EUR | 100.57 | 3.34% | — | 1 | $58K | Jul 2026 |
| D19062CC6 | 3.5% fixed | 2029-07-14 | EUR | 99.72 | 3.60% | — | 5 | $7.0M | Jul 2026 |
| YX0322140 | 4% fixed | 2030-05-21 | EUR | 101.38 | 3.60% | — | 4 | $3.7M | Jul 2026 |
| XS3376351055 | 4.13% fixed | 2032-01-27 | EUR | 100.26 | 4.07% | — | 1 | $116K | Jul 2026 |
| YV4272451 | 4.125% fixed | 2032-09-03 | EUR | 101.07 | 3.92% | — | 3 | $1.0M | Jul 2026 |
| DE000A4DFHZ5 | 0% none | 2032-09-10 | EUR | 110.97 | — | — | 3 | $9.2M | Jul 2026 |
| D2S14ZAA6 | 5.25% fixed | 2055-01-15 | EUR | 100.50 | 5.21% | — | 6 | $16.0M | 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 | 8 | $61.0M | 100.53 | — | — | 6 |
| Jun 2026 | 4 | $13.5M | 110.12 | — | — | 14 |
| Apr 2026 | 8 | $111.6M | 100.42 | — | — | 8 |
| Mar 2026 | 4 | $11.0M | 150.80 | — | — | 14 |
| Feb 2026 | 2 | $1.4M | 106.08 | — | — | 1 |
| Jan 2026 | 7 | $109.3M | 102.61 | — | — | 8 |
| Dec 2025 | 4 | $14.7M | 155.93 | — | — | 17 |
| Nov 2025 | 1 | $241K | 103.91 | — | — | 1 |
| Oct 2025 | 6 | $107.5M | 103.21 | — | — | 7 |
| Sep 2025 | 3 | $36.6M | 99.89 | — | — | 18 |
| Aug 2025 | 1 | $946K | 101.12 | — | — | 1 |
| Jul 2025 | 6 | $107.7M | 102.06 | — | — | 7 |
| Jun 2025 | 3 | $17.4M | 100.45 | — | — | 15 |
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. 4 added, 7 cut, 4 new holders and 5 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $12.0M | $13.9M | -$16.5M |
| iShares Flexible Income Active ETF BlackRock ETF Trust II | 2026-07-31 | $9.0M | $10.4M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $8.0M | $9.3M | -$26.5M |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $5.0M | $5.8M | $0 |
| Calamos Global Dynamic Income Fund | 2026-07-31 | $3.5M | $4.5M | $1.9M |
| Calamos Global Opportunities Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $2.9M | $3.7M | $1.6M |
| Neuberger Strategic Income Fund NEUBERGER BERMAN INCOME FUNDS | 2026-07-31 | $3.1M | $3.6M | $0 |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $3.0M | $3.5M | new |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $2.2M | $2.6M | $0 |
| DFA Short-Duration Real Return Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $2.2M | $2.5M | $0 |
| BlackRock Global Allocation Fund, Inc. | 2026-07-31 | $1.2M | $1.4M | -$1.7M |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $1.0M | $1.2M | $0 |
| DFA Selectively Hedged Global Fixed Income Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $1.0M | $1.2M | $0 |
| BlackRock Global Allocation V.I. Fund BlackRock Variable Series Funds, Inc. | 2026-06-30 | $900K | $1.0M | $0 |
| CALAMOS GLOBAL TOTAL RETURN FUND | 2026-07-31 | $800K | $1.0M | $400K |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $800K | $932K | -$300K |
| BlackRock Total Return Fund BlackRock Bond Fund, Inc. | 2026-06-30 | $800K | $932K | -$200K |
| DFA TARGETED CREDIT PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $800K | $920K | $0 |
| VANGUARD CORE BOND ETF VANGUARD MALVERN FUNDS | 2026-06-30 | $700K | $821K | new |
| Nuveen International Aggregate Bond ETF NuShares ETF Trust | 2026-06-30 | $500K | $587K | $0 |
| JNL/BlackRock Global Allocation Fund JNL Series Trust | 2026-06-30 | $500K | $584K | $0 |
| VANGUARD STAR CORE-PLUS BOND FUND VANGUARD STAR FUNDS | 2026-07-31 | $457K | $533K | -$1.0M |
| JNL/Neuberger Berman Strategic Income Fund JNL Series Trust | 2026-06-30 | $400K | $467K | $0 |
| VANGUARD GLOBAL CREDIT BOND FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $305K | $355K | -$695K |
| Jackson Credit Opportunities Fund | 2026-06-30 | $300K | $350K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): JPMorgan Global Active Allocation Portfolio ($1.6M), Voya Global Income & Growth Fund ($900K), BlackRock Multi-Asset Income Portfolio ($900K), Strategic Advisers Core Income Fund ($200K), BlackRock Dynamic High Income Portfolio ($200K).
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 |
|---|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 1 | $12.0M | $13.9M | 0.01% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 4 | $1.0M | $1.2M | 0.01% |
| VCRB VANGUARD CORE BOND ETF | 2026-06-30 | 1 | $700K | $821K | 0.01% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 2 | $500K | $587K | 0.02% |
| EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 2026-07-31 | 1 | $300K | $349K | 0.14% |
| GHYG iShares US & Intl High Yield Corp Bond ETF | 2026-07-31 | 1 | $100K | $116K | 0.06% |
| NBFC Neuberger Flexible Credit Income ETF | 2026-07-31 | 1 | $100K | $116K | 0.16% |
| EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 2026-07-31 | 1 | $50K | $58K | 0.28% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 1.92: safer than 13% of companies (11th percentile in Industrials). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $9.10B |
| Debt barrier (short-term + ½ long-term debt) | $9.67B |
| Equity volatility (1 year) | 65.3% |
| Asset value / asset volatility (solved) | $18.33B / 32.8% |
| 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'' = 0.41 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in LHA.DE'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 | 2 | $208K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 7 | $1.1M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 6 | $373K | 0 | — | 0 | — | 0 |
| 2025-12-31 | 4 | $200K | 0 | — | 0 | — | 0 |
| 2025-09-30 | 4 | $158K | 0 | — | 0 | — | 0 |
| 2025-06-30 | 3 | $311K | 0 | — | 0 | — | 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.