Light & Wonder, Inc. bonds LNW
Who owns Light & Wonder, 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. LNW 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 |
|---|---|---|---|---|---|---|---|---|---|
| 531968AA3 | 7.5% fixed | 2031-09-01 | USD | 103.03 | 6.78% | 245 bp | 36 | $83.8M | Jul 2026 |
| 531968AB1 | 6.25% fixed | 2033-10-01 | USD | 98.27 | 6.55% | 209 bp | 78 | $136.8M | 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 | $80K | 99.75 | 6.29% | 177 bp | 1 |
| Jul 2026 | 2 | $220.5M | 100.65 | 6.67% | 227 bp | 78 |
| Jun 2026 | 2 | $201.6M | 101.56 | 6.49% | 221 bp | 108 |
| May 2026 | 2 | $120.8M | 101.50 | 6.50% | 225 bp | 43 |
| Apr 2026 | 2 | $208.9M | 101.73 | 6.46% | 240 bp | 76 |
| Mar 2026 | 2 | $195.1M | 100.33 | 6.75% | 276 bp | 107 |
| Feb 2026 | 2 | $112.1M | 102.37 | 6.36% | 253 bp | 43 |
| Jan 2026 | 2 | $205.1M | 103.02 | 6.25% | 231 bp | 74 |
| Dec 2025 | 2 | $198.6M | 102.85 | 6.29% | 243 bp | 107 |
| Nov 2025 | 2 | $115.6M | 102.75 | 6.31% | 248 bp | 43 |
| Oct 2025 | 2 | $183.6M | 101.72 | 6.50% | 269 bp | 70 |
| Sep 2025 | 2 | $187.6M | 102.12 | 6.44% | 259 bp | 106 |
| Aug 2025 | 1 | $35.8M | 104.27 | 6.63% | 273 bp | 25 |
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. 56 added, 58 cut, 12 new holders and 6 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $33.0M | $32.9M | $3.1M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $30.2M | $30.4M | $1.0M |
| Income Fund of America | 2026-07-31 | $29.1M | $29.0M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $21.3M | $21.5M | $2.2M |
| American High Income Trust | 2026-06-30 | $16.3M | $16.4M | $0 |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $15.1M | $15.2M | -$515K |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $15.4M | $15.2M | -$300K |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $13.6M | $13.8M | -$1.1M |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $12.2M | $12.4M | -$1.0M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.5M | $11.5M | -$2.5M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $10.8M | $10.9M | $0 |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $10.0M | $10.4M | new |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $10.1M | $10.2M | $1.5M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $9.6M | $9.7M | -$5.0M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $9.5M | $9.4M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.6M | $8.7M | -$4.3M |
| Performance Trust Total Return Bond Fund Trust for Professional Managers | 2026-05-31 | $8.1M | $8.0M | $6.6M |
| Nuveen Flexible Income Fund Nuveen Investment Trust V | 2026-05-31 | $7.6M | $7.9M | -$500K |
| Touchstone Funds Group Trust-Touchstone Ares Credit Opportunities Fund Touchstone Funds Group Trust | 2026-06-30 | $6.9M | $6.9M | $0 |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $6.3M | $6.2M | new |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $6.0M | $6.2M | $0 |
| Transamerica Multi-Asset Income TRANSAMERICA FUNDS | 2026-07-31 | $6.0M | $6.1M | $0 |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $6.2M | $6.1M | $1.6M |
| Diversified Income Fund Principal Funds, Inc | 2026-07-31 | $6.0M | $6.0M | $230K |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $5.0M | $5.0M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): FS Multi-Strategy Alternatives Fund ($1.6M), AB Short Duration High Yield ETF ($400K), Harbor Ares Systematic High Yield ETF ($292K), Opportunistic Fixed Income Trust ($130K), BlackRock Global Allocation Fund, Inc. ($124K), Strategic Advisers Core Income Fund ($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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $33.0M | $32.9M | 0.12% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $21.3M | $21.5M | 0.13% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $11.5M | $11.5M | 0.10% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $8.6M | $8.7M | 0.12% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 1 | $4.7M | $4.9M | 0.30% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 2 | $4.6M | $4.7M | 0.09% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $4.6M | $4.7M | 0.13% |
| FTSL First Trust Senior Loan Fund | 2026-07-31 | 1 | $3.4M | $3.5M | 0.15% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $3.1M | $3.1M | 0.12% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $3.1M | $3.1M | 0.13% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.9M | $1.9M | 0.00% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $1.3M | $1.3M | 0.01% |
| VGHY VANGUARD HIGH-YIELD ACTIVE ETF | 2026-07-31 | 2 | $1.1M | $1.1M | 0.37% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $1.0M | $1000K | 0.08% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $980K | $980K | 0.19% |
Default risk, three ways
Stock market: distance-to-default
No stock-market measure for this issuer.
Bond market: priced-in odds
A 227 bp spread prices in about 3.8% 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
Not available.
The stock side: 13F filings
What institutions report holding in LNW'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 | 1 | $22K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 4 | $111K | 0 | — | 0 | — | 0 |
| 2026-03-31 | 6 | $286K | 0 | — | 0 | — | 0 |
| 2025-12-31 | 27 | $15.6M | 1 | $124K | 1 | $31K | 0 |
| 2025-09-30 | 279 | $4.64B | 7 | $14.3M | 7 | $16.5M | 0 |
| 2025-06-30 | 273 | $5.08B | 8 | $24.9M | 8 | $34.7M | 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.