Linde plc bonds LIN
Who owns Linde plc'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. LIN 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 |
|---|---|---|---|---|---|---|---|---|---|
| G5494JAA1 | 0% fixed | 2026-09-30 | EUR | 99.36 | 2.58% | — | 1 | $568K | Jun 2026 |
| XS3370292644 | 2.604% floating | 2028-05-13 | EUR | 100.13 | — | — | 1 | $17.5M | Jun 2026 |
| YR4082164 | 2.63% fixed | 2029-02-18 | EUR | 98.55 | 3.23% | — | 2 | $455K | Jul 2026 |
| ZK8853721 | 3.375% fixed | 2029-06-12 | EUR | 100.41 | 3.22% | — | 2 | $27.8M | Jul 2026 |
| XS3370296801 | 3.2% fixed | 2030-05-13 | EUR | 99.17 | 3.44% | — | 1 | $229K | Jul 2026 |
| G5S016AA5 | 3.375% fixed | 2030-06-04 | EUR | 100.81 | 3.15% | — | 1 | $461K | Jun 2026 |
| YX3885044 | 3.375% fixed | 2030-06-04 | EUR | 99.97 | 3.38% | — | 2 | $1.6M | Jul 2026 |
| G5494JAM5 | 3.2% fixed | 2031-02-14 | EUR | 98.75 | 3.50% | — | 2 | $28.5M | Jul 2026 |
| G5494JAE3 | 1.375% fixed | 2031-03-31 | EUR | 92.41 | 3.12% | — | 1 | $317K | Jun 2026 |
| BV5138524 | 1.38% fixed | 2031-03-31 | EUR | 91.23 | 3.44% | — | 1 | $316K | Jul 2026 |
| DA4052845 | 3.13% fixed | 2032-11-20 | EUR | 97.04 | 3.66% | — | 1 | $224K | Jul 2026 |
| XS3000977317 | 3% fixed | 2033-02-18 | EUR | 96.24 | 3.65% | — | 1 | $444K | Jul 2026 |
| XS2391861064 | 0.38% fixed | 2033-09-30 | EUR | 79.58 | 3.67% | — | 2 | $551K | Jul 2026 |
| XS2834282225 | 3.5% fixed | 2034-06-04 | EUR | 98.14 | 3.78% | — | 1 | $226K | Jul 2026 |
| G5494JAH6 | 3.625% fixed | 2034-06-12 | EUR | 98.85 | 3.80% | — | 1 | $3.4M | Jul 2026 |
| ZK8853739 | 3.625% fixed | 2034-06-12 | EUR | 202.12 | — | — | 1 | $924K | Jun 2026 |
| G5494JAD5 | 1.625% fixed | 2035-03-31 | EUR | 83.66 | 3.88% | — | 3 | $18.4M | Jul 2026 |
| G5494JAK9 | 3.4% fixed | 2036-02-14 | EUR | 96.04 | 3.90% | — | 2 | $5.9M | Jul 2026 |
| XS3370298682 | 3.8% fixed | 2036-05-13 | EUR | 98.59 | 3.97% | — | 1 | $227K | Jul 2026 |
| G5S016AE7 | 3.25% fixed | 2037-02-18 | EUR | 93.30 | 4.04% | — | 1 | $323K | Jul 2026 |
| DA4052894 | 3.75% fixed | 2038-11-20 | EUR | 96.33 | 4.14% | — | 1 | $222K | Jul 2026 |
| 74005PBD5 | 3.55% fixed | 2042-11-07 | USD | 76.49 | 5.80% | 88 bp | 5 | $2.7M | Jul 2026 |
| G5S016AB3 | 3.75% fixed | 2044-06-04 | EUR | 91.27 | 4.47% | — | 1 | $316K | Jul 2026 |
| 74005PBS2 | 2% fixed | 2050-08-10 | USD | 50.57 | 5.86% | 75 bp | 4 | $774K | Jul 2026 |
| G5494JAB9 | 1% fixed | 2051-09-30 | EUR | 47.71 | 4.52% | — | 3 | $8.3M | 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 | 20 | $100.9M | 96.28 | 5.83% | 82 bp | 5 |
| Jun 2026 | 16 | $47.4M | 99.75 | 5.47% | 60 bp | 14 |
| May 2026 | 4 | $15.3M | 88.94 | 5.45% | 51 bp | 13 |
| Apr 2026 | 18 | $105.7M | 96.62 | 5.55% | 76 bp | 5 |
| Mar 2026 | 15 | $30.2M | 96.30 | 5.57% | 83 bp | 13 |
| Feb 2026 | 4 | $15.1M | 90.71 | 5.27% | 65 bp | 12 |
| Jan 2026 | 18 | $105.7M | 98.57 | 5.43% | 72 bp | 5 |
| Dec 2025 | 17 | $47.9M | 98.31 | 5.43% | 76 bp | 13 |
| Nov 2025 | 6 | $29.6M | 97.49 | 5.28% | 69 bp | 12 |
| Oct 2025 | 18 | $108.2M | 98.91 | 5.27% | 74 bp | 5 |
| Sep 2025 | 12 | $65.0M | 97.40 | 5.29% | 66 bp | 12 |
| Aug 2025 | 5 | $26.8M | 96.60 | 5.50% | 73 bp | 12 |
| Jul 2025 | 18 | $108.6M | 98.37 | 5.52% | 67 bp | 4 |
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. 6 added, 11 cut, 9 new holders and 9 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $55.8M | $56.5M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $35.2M | $35.3M | $0 |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $15.3M | $17.5M | new |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $16.4M | $10.1M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $14.3M | $8.7M | $0 |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $6.6M | $4.8M | -$530K |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $3.7M | $3.9M | -$300K |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $5.6M | $3.7M | -$450K |
| Six Circles Global Bond Fund SIX CIRCLES TRUST | 2026-06-30 | $2.3M | $2.6M | $1.8M |
| VANGUARD BALANCED INDEX FUND VANGUARD VALLEY FORGE FUNDS | 2026-06-30 | $2.5M | $1.8M | $1.6M |
| VANGUARD LONG-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $2.6M | $1.8M | -$55K |
| Nuveen International Aggregate Bond ETF NuShares ETF Trust | 2026-06-30 | $1.4M | $1.6M | $0 |
| VANGUARD LONG-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $1.9M | $1.4M | -$900K |
| AB Income Fund AB BOND FUND, INC. | 2026-07-31 | $1.2M | $1.4M | new |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $1.6M | $1.3M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $1.7M | $1.2M | $20K |
| Strategic Advisers Fidelity Short Duration Fund Fidelity Rutland Square Trust II | 2026-05-31 | $1.0M | $1.2M | new |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $1.6M | $996K | $90K |
| Saturna Global Sustainable Bond Fund SATURNA INVESTMENT TRUST | 2026-05-31 | $1.1M | $879K | new |
| iShares U.S. Long Credit Bond Index Fund BlackRock Funds | 2026-07-31 | $1.1M | $723K | $0 |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $856K | $685K | $0 |
| Nuveen Bond Index Fund TIAA-CREF Funds | 2026-06-30 | $850K | $620K | $0 |
| iShares 10+ Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $844K | $618K | -$65K |
| Fidelity International Bond Index Fund Fidelity Salem Street Trust | 2026-06-30 | $600K | $536K | $0 |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $1.0M | $536K | -$2.2M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): VANGUARD GLOBAL CREDIT BOND FUND ($1.0M), VANGUARD STAR CORE-PLUS BOND FUND ($900K), VANGUARD CORE BOND ETF ($700K), MFS Global Total Return Fund ($500K), MFS MULTIMARKET INCOME TRUST ($300K), MFS Global Tactical Allocation Portfolio ($300K), VANGUARD CORE-PLUS BOND ETF ($200K), VANGUARD CORE-PLUS BOND FUND ($100K), MFS CHARTER INCOME TRUST ($100K).
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 | 5 | $35.2M | $35.3M | 0.03% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 2 | $16.4M | $10.1M | 0.00% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $6.6M | $4.8M | 0.05% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 14 | $3.7M | $3.9M | 0.04% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 2 | $5.6M | $3.7M | 0.00% |
| BLV VANGUARD LONG-TERM BOND INDEX FUND | 2026-06-30 | 2 | $2.6M | $1.8M | 0.02% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 5 | $1.4M | $1.6M | 0.04% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $1.7M | $1.2M | 0.01% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.6M | $996K | 0.00% |
| IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $844K | $618K | 0.02% |
| SPLB State Street(R) SPDR(R) Portfolio Long Term Corporate Bond ETF | 2026-06-30 | 1 | $358K | $285K | 0.02% |
| SPAB State Street(R) SPDR(R) Portfolio Aggregate Bond ETF | 2026-06-30 | 2 | $407K | $272K | 0.00% |
| SCHZ Schwab U.S. Aggregate Bond ETF | 2026-06-30 | 2 | $330K | $230K | 0.00% |
| QLTA iShares Aaa - A Rated Corporate Bond ETF | 2026-07-31 | 1 | $257K | $197K | 0.02% |
| EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 2026-07-31 | 1 | $100K | $96K | 0.46% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 15.09: safer than 92% of companies (94th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $232.22B |
| Debt barrier (short-term + ½ long-term debt) | $17.67B |
| Equity volatility (1 year) | 19.0% |
| Asset value / asset volatility (solved) | $249.15B / 17.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 82 bp spread prices in about 1.4% 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'' = 2.13 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in LIN'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 | 384 | $2.57B | 0 | — | 1 | $7.2M | 0 |
| 2026-06-30 | 2,296 | $194.18B | 31 | $1.94B | 31 | $981.3M | 3 |
| 2026-03-31 | 2,232 | $157.08B | 37 | $1.04B | 36 | $819.5M | 1 |
| 2025-12-31 | 2,072 | $157.15B | 31 | $815.1M | 30 | $827.3M | 1 |
| 2025-09-30 | 2,057 | $172.24B | 32 | $804.2M | 31 | $548.1M | 1 |
| 2025-06-30 | 2,036 | $174.11B | 42 | $658.3M | 38 | $617.9M | 2 |
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.