Cheniere Energy, Inc. bonds LNG
Who owns Cheniere Energy, 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. LNG 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 |
|---|---|---|---|---|---|---|---|---|---|
| 16411RAK5 | 4.625% fixed | 2028-10-15 | USD | 99.54 | 4.84% | 61 bp | 21 | $140.7M | Jul 2026 |
| 16411RAN9 | 5.65% fixed | 2034-04-15 | USD | 100.95 | 5.50% | 100 bp | 25 | $41.9M | Jul 2026 |
| 16411RAP4 | 5.2% fixed | 2036-07-30 | USD | 96.72 | 5.63% | 103 bp | 40 | $52.2M | Jul 2026 |
| 16411RAQ2 | 6% fixed | 2056-07-30 | USD | 95.65 | 6.33% | 122 bp | 9 | $12.8M | 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 | $3.5M | 100.88 | 5.51% | 95 bp | 1 |
| Jul 2026 | 4 | $247.6M | 98.13 | 5.56% | 102 bp | 40 |
| Jun 2026 | 4 | $453.9M | 99.86 | 5.23% | 86 bp | 73 |
| May 2026 | 4 | $386.9M | 99.86 | 5.19% | 83 bp | 41 |
| Apr 2026 | 4 | $251.1M | 99.26 | 5.18% | 100 bp | 41 |
| Mar 2026 | 4 | $489.9M | 99.65 | 5.19% | 106 bp | 77 |
| Feb 2026 | 2 | $247.6M | 102.56 | 4.75% | 101 bp | 41 |
| Jan 2026 | 2 | $173.7M | 101.85 | 4.85% | 102 bp | 27 |
| Dec 2025 | 2 | $430.3M | 101.83 | 4.87% | 110 bp | 82 |
| Nov 2025 | 2 | $262.6M | 102.14 | 4.82% | 106 bp | 41 |
| Oct 2025 | 2 | $171.9M | 101.66 | 4.91% | 117 bp | 26 |
| Sep 2025 | 2 | $441.7M | 101.40 | 4.96% | 119 bp | 75 |
| Aug 2025 | 2 | $269.7M | 100.99 | 5.00% | 109 bp | 36 |
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. 60 added, 39 cut, 39 new holders and 32 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $85.5M | $85.1M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $56.3M | $58.0M | $5.0M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $56.9M | $57.3M | $85K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $47.0M | $47.3M | $0 |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $46.8M | $46.6M | $0 |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $40.0M | $41.1M | $0 |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $37.3M | $37.5M | $23.5M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $26.7M | $26.2M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $25.9M | $26.1M | $20.6M |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $24.2M | $24.1M | $0 |
| Income Fund of America | 2026-07-31 | $22.8M | $22.7M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $22.5M | $22.4M | $0 |
| Janus Henderson Balanced Fund Janus Investment Fund | 2026-06-30 | $20.9M | $21.5M | $0 |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $20.0M | $19.8M | $0 |
| iShares ESG Aware U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $18.0M | $18.1M | $3.7M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $15.0M | $15.2M | $4.0M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $14.2M | $14.6M | $195K |
| Lord Abbett Ultra Short Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $13.6M | $13.6M | new |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.3M | $13.6M | $3.1M |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $13.0M | $13.0M | -$809K |
| T. Rowe Price Ultra Short-Term Bond Fund T. ROWE PRICE SHORT-TERM BOND FUND, INC. | 2026-05-31 | $12.4M | $12.4M | $9.8M |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $11.4M | $11.4M | $0 |
| iShares iBonds Dec 2028 Term Corporate ETF iShares Trust | 2026-07-31 | $10.4M | $10.4M | $481K |
| MFS Income Fund MFS Series Trust VIII | 2026-07-31 | $10.0M | $10.1M | $0 |
| DoubleLine Core Fixed Income Fund DoubleLine Funds Trust | 2026-06-30 | $10.0M | $10.1M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO Sector Fund Series - I ($8.7M), PIMCO Active Bond Exchange-Traded Fund ($3.0M), Nomura Corporate Bond Fund ($2.7M), Fixed Income SHares: Series M ($2.0M), Nomura Diversified Income Fund ($1.9M), Optimum Fixed Income Fund ($1.1M), Nomura VIP Corporate Bond Series ($1.1M), Lord Abbett Flexible Income Fund ($1.0M), BlackRock Balanced Portfolio ($820K), Sterling Capital Total Return Bond Fund ($762K).
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 | 1 | $56.3M | $58.0M | 0.08% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 4 | $56.9M | $57.3M | 0.01% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $25.9M | $26.1M | 0.09% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $22.5M | $22.4M | 0.04% |
| EAGG iShares ESG Aware U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $18.0M | $18.1M | 0.38% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $15.0M | $15.2M | 0.01% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 1 | $14.2M | $14.6M | 0.03% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $13.3M | $13.6M | 0.07% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $13.0M | $13.0M | 0.12% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 1 | $10.4M | $10.4M | 0.25% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $9.7M | $9.7M | 0.04% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $9.3M | $9.3M | 0.01% |
| VNLA Janus Henderson Short Duration Income ETF | 2026-07-31 | 1 | $8.8M | $8.8M | 0.26% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 1 | $7.4M | $7.6M | 0.07% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $7.1M | $7.2M | 0.04% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.19: safer than 67% of companies (74th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $59.09B |
| Debt barrier (short-term + ½ long-term debt) | $13.29B |
| Equity volatility (1 year) | 28.8% |
| Asset value / asset volatility (solved) | $71.83B / 23.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 102 bp spread prices in about 1.7% 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'' = 1.78 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in LNG'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 | 206 | $747.3M | 0 | — | 1 | $161K | 0 |
| 2026-06-30 | 1,321 | $42.53B | 33 | $674.3M | 42 | $1.02B | 0 |
| 2026-03-31 | 1,343 | $42.82B | 33 | $1.76B | 43 | $1.68B | 0 |
| 2025-12-31 | 1,198 | $34.76B | 31 | $435.7M | 29 | $486.4M | 0 |
| 2025-09-30 | 1,213 | $43.31B | 33 | $554.6M | 32 | $676.4M | 2 |
| 2025-06-30 | 1,199 | $46.58B | 38 | $547.6M | 34 | $1.05B | 1 |
Officials trading LNG bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2026-06-24 | John Fetterman | sale | Cheniere Energy Inc | $1,001 - $15,000 | filing |
| 2026-06-24 | John Karl Fetterman | sale | Cheniere Energy Inc | $1,001 - $15,000 | filing |
| 2026-03-03 | President Donald J. Trump | purchase | CHENIERE ENERGY PARTNERS 03.250% 013132 DTD082721 FC073122 LP B/E YTM = 4.638 UNSOLICITED | $250,001 - $500,000 | 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.