Lindblad Expeditions Holdings, Inc. bonds LIND
Who owns Lindblad Expeditions 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. LIND 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 |
|---|---|---|---|---|---|---|---|---|---|
| 53523LAB6 | 7% fixed | 2030-09-15 | USD | 102.96 | 6.17% | 187 bp | 53 | $106.9M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $36K | 103.00 | 6.15% | 182 bp | 1 |
| Jul 2026 | 1 | $106.9M | 102.96 | 6.17% | 187 bp | 53 |
| Jun 2026 | 1 | $197.4M | 103.42 | 6.07% | 188 bp | 87 |
| May 2026 | 1 | $66.8M | 102.98 | 6.20% | 208 bp | 32 |
| Apr 2026 | 1 | $100.5M | 102.76 | 6.27% | 236 bp | 53 |
| Mar 2026 | 1 | $203.9M | 102.13 | 6.44% | 262 bp | 91 |
| Feb 2026 | 1 | $61.3M | 104.87 | 5.77% | 212 bp | 32 |
| Jan 2026 | 2 | $108.0M | 102.27 | 6.26% | 263 bp | 60 |
| Dec 2025 | 2 | $261.3M | 102.46 | 6.06% | 245 bp | 103 |
| Nov 2025 | 2 | $82.9M | 101.55 | 6.34% | 269 bp | 36 |
| Oct 2025 | 2 | $101.3M | 101.25 | 6.39% | 278 bp | 63 |
| Sep 2025 | 2 | $216.5M | 101.36 | 6.35% | 270 bp | 95 |
| Aug 2025 | 2 | $78.3M | 101.58 | 6.32% | 252 bp | 33 |
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. 33 added, 7 cut, 7 new holders and 11 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $36.1M | $37.4M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $35.5M | $36.6M | $3.5M |
| Artisan High Income Fund Artisan Partners Funds Inc. | 2026-06-30 | $30.6M | $31.7M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $23.9M | $24.7M | $2.0M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $19.4M | $20.0M | $0 |
| American High Income Trust | 2026-06-30 | $18.5M | $19.1M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $13.9M | $14.3M | $1.5M |
| Lord Abbett Core Plus Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $9.3M | $9.6M | $5.2M |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $8.6M | $8.9M | $2.0M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $8.1M | $8.4M | $0 |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $8.1M | $8.3M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.8M | $8.0M | $1.9M |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $7.6M | $7.8M | -$521K |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $6.2M | $6.4M | -$25K |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $5.2M | $5.3M | $38K |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $5.0M | $5.1M | -$10.2M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.6M | $4.8M | $585K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.3M | $4.5M | $2.6M |
| Transamerica Multi-Asset Income TRANSAMERICA FUNDS | 2026-07-31 | $3.9M | $4.0M | $0 |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $3.7M | $3.8M | $0 |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $3.6M | $3.7M | $1.2M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $3.4M | $3.5M | $0 |
| Hotchkis and Wiley High Yield Fund HOTCHKIS & WILEY FUNDS/DE/ | 2026-06-30 | $2.9M | $3.0M | $0 |
| BrandywineGLOBAL - CORPORATE CREDIT FUND Legg Mason Partners Investment Trust | 2026-06-30 | $2.9M | $3.0M | -$6.4M |
| BlackRock Corporate High Yield Fund, Inc. | 2026-06-30 | $2.7M | $2.8M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): AB High Yield ETF ($1.2M), AB Short Duration High Yield ETF ($1.1M), DWS Global High Income Fund ($619K), BlackRock Multi-Sector Income Trust ($439K), MFS MULTIMARKET INCOME TRUST ($433K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($364K), BlackRock Low Duration Bond Portfolio ($343K), BlackRock Core Bond Trust ($192K), iShares Short Duration Bond Active ETF ($135K), John Hancock High Yield ETF ($65K).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $13.9M | $14.3M | 0.05% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $7.8M | $8.0M | 0.11% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $7.6M | $7.8M | 0.48% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $6.2M | $6.4M | 0.08% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $4.6M | $4.8M | 0.10% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $4.3M | $4.5M | 0.04% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $1.7M | $1.7M | 0.13% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.5M | $1.5M | 0.06% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.2M | $1.2M | 0.05% |
| SYSB iShares Systematic Bond ETF | 2026-07-31 | 1 | $1.1M | $1.1M | 0.10% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 1 | $1.1M | $1.1M | 0.01% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $930K | $962K | 0.02% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $924K | $956K | 0.06% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $760K | $782K | 0.00% |
| TOTL State Street(R) DoubleLine(R) Total Return Tactical ETF | 2026-06-30 | 1 | $495K | $511K | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.49: safer than 43% of companies (42th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $2.25B |
| Debt barrier (short-term + ½ long-term debt) | $331.9M |
| Equity volatility (1 year) | 50.6% |
| Asset value / asset volatility (solved) | $2.57B / 44.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 187 bp spread prices in about 3.1% 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'' = -1.77 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in LIND'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 | 17 | $7.8M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 222 | $1.48B | 1 | $1.4M | 2 | $1.7M | 0 |
| 2026-03-31 | 187 | $772.4M | 2 | $22K | 1 | $650K | 0 |
| 2025-12-31 | 184 | $564.7M | 1 | $3K | 0 | — | 0 |
| 2025-09-30 | 170 | $502.6M | 2 | $229K | 0 | — | 0 |
| 2025-06-30 | 163 | $423.0M | 3 | $331K | 2 | $331K | 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.