Lumen Technologies, Inc. bonds LUMN
Who owns Lumen Technologies, 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. LUMN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 156686AM9 | 6.875% fixed | 2028-01-15 | USD | 99.88 | 6.96% | 284 bp | 1 | $25K | Jul 2026 |
| 156700BD7 | 4.5% fixed | 2029-01-15 | USD | 95.09 | 6.70% | 246 bp | 17 | $15.4M | Jul 2026 |
| 550241AA1 | 5.375% fixed | 2029-06-15 | USD | 95.72 | 7.04% | 279 bp | 13 | $11.1M | Jul 2026 |
| 29078EAA3 | 7.995% fixed | 2036-06-01 | USD | 24.92 | 36.26% | 3167 bp | 9 | $50.3M | Jul 2026 |
| 156700AM8 | 7.6% fixed | 2039-09-15 | USD | 91.96 | 8.63% | 387 bp | 21 | $40.2M | Jul 2026 |
| 156700AT3 | 7.65% fixed | 2042-03-15 | USD | 90.81 | 8.74% | 385 bp | 5 | $15.1M | 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 | 6 | $132.1M | 93.52 | 7.84% | 334 bp | 21 |
| Jun 2026 | 6 | $158.7M | 95.92 | 7.23% | 285 bp | 22 |
| May 2026 | 6 | $69.5M | 96.27 | 7.14% | 277 bp | 19 |
| Apr 2026 | 6 | $137.8M | 96.04 | 7.38% | 321 bp | 20 |
| Mar 2026 | 6 | $156.8M | 93.77 | 7.83% | 373 bp | 23 |
| Feb 2026 | 6 | $67.5M | 95.41 | 7.65% | 375 bp | 20 |
| Jan 2026 | 10 | $265.5M | 99.35 | 7.10% | 328 bp | 33 |
| Dec 2025 | 10 | $274.7M | 97.83 | 7.19% | 361 bp | 32 |
| Nov 2025 | 10 | $150.3M | 98.06 | 7.43% | 359 bp | 31 |
| Oct 2025 | 10 | $264.0M | 98.81 | 7.27% | 351 bp | 36 |
| Sep 2025 | 10 | $288.5M | 95.89 | 7.77% | 397 bp | 35 |
| Aug 2025 | 9 | $148.8M | 91.09 | 8.48% | 463 bp | 34 |
| Jul 2025 | 10 | $258.2M | 94.11 | 8.14% | 426 bp | 34 |
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. 25 added, 12 cut, 10 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 | $84.6M | $81.3M | $6.3M |
| VanEck Fallen Angel High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $77.2M | $30.8M | $1.7M |
| American High Income Trust | 2026-06-30 | $105.7M | $30.6M | -$6.9M |
| iShares Fallen Angels USD Bond ETF iShares Trust | 2026-07-31 | $61.9M | $29.8M | -$7.6M |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $25.5M | $24.8M | $3.3M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $35.4M | $20.2M | $1.2M |
| Income Fund of America | 2026-07-31 | $78.2M | $19.6M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $12.0M | $11.7M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $15.1M | $9.9M | -$1.3M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $15.0M | $8.9M | -$2.9M |
| Bond-Debenture Portfolio LORD ABBETT SERIES FUND INC | 2026-06-30 | $5.0M | $4.8M | $323K |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $6.3M | $4.0M | $0 |
| Hartford Dynamic Bond Fund HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $3.9M | $3.7M | $0 |
| High Income Fund American Century Investment Trust | 2026-06-30 | $4.6M | $3.3M | $0 |
| DWS High Income Fund DEUTSCHE DWS INCOME TRUST | 2026-06-30 | $3.3M | $3.1M | $2.1M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $3.0M | $3.0M | $0 |
| BNY Mellon High Yield Fund BNY Mellon Investment Funds III | 2026-06-30 | $3.0M | $2.9M | $320K |
| PGIM Short Duration Multi-Sector Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $2.9M | $2.7M | $0 |
| Schwab High Yield Bond ETF SCHWAB STRATEGIC TRUST | 2026-05-31 | $4.7M | $2.7M | $1.0M |
| Brigade High Income Fund ALPS SERIES TRUST | 2026-06-30 | $2.7M | $2.5M | $0 |
| Asset Allocation Fund AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $8.1M | $2.3M | $0 |
| PGIM Absolute Return Bond Fund Prudential Investment Portfolios 9 | 2026-07-31 | $2.4M | $2.3M | $0 |
| Lord Abbett Floating Rate Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $2.2M | $2.2M | $0 |
| BNY Mellon High Yield Strategies Fund | 2026-06-30 | $2.3M | $2.2M | $280K |
| Xtrackers USD High Yield BB-B ex Financials ETF DBX ETF Trust | 2026-05-31 | $2.1M | $2.0M | $455K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO High Yield Portfolio ($1.0M), Invesco High Yield Fund ($951K), Neuberger High Yield Strategies Fund Inc. ($405K), Capital Group KKR Multi-Sector (plus) ($240K), DoubleLine Core Fixed Income Fund ($221K), State Street(R) DoubleLine(R) Total Return Tactical ETF ($135K), Invesco High Income Trust II ($107K), Capital Group KKR Core Plus (plus) ($100K), JNL/DoubleLine Core Fixed Income Fund ($95K), DoubleLine Flexible Income Fund ($55K).
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 |
|---|---|---|---|---|---|
| ANGL VanEck Fallen Angel High Yield Bond ETF | 2026-07-31 | 2 | $77.2M | $30.8M | 1.01% |
| FALN iShares Fallen Angels USD Bond ETF | 2026-07-31 | 3 | $61.9M | $29.8M | 1.85% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 4 | $35.4M | $20.2M | 0.07% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 4 | $15.1M | $9.9M | 0.09% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 4 | $4.7M | $2.7M | 0.11% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $2.1M | $2.0M | 0.08% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $2.0M | $2.0M | 0.09% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 5 | $2.6M | $1.6M | 0.00% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $772K | $755K | 0.06% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 2 | $894K | $521K | 0.09% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $526K | $502K | 0.10% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $351K | $338K | 0.00% |
| PTRB PGIM Total Return Bond ETF | 2026-05-29 | 1 | $300K | $293K | 0.03% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 2 | $210K | $201K | 0.00% |
| JHHY John Hancock High Yield ETF | 2026-06-30 | 2 | $388K | $184K | 0.21% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 1.44: safer than 10% of companies (13th percentile in Communication Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $4.59B |
| Debt barrier (short-term + ½ long-term debt) | $6.63B |
| Equity volatility (1 year) | 76.4% |
| Asset value / asset volatility (solved) | $10.88B / 33.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 334 bp spread prices in about 5.6% 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'' = -2.31 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in LUMN'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 | 67 | $53.8M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 608 | $5.53B | 18 | $118.3M | 23 | $125.3M | 0 |
| 2026-03-31 | 579 | $4.04B | 16 | $66.2M | 17 | $98.1M | 0 |
| 2025-12-31 | 583 | $5.41B | 19 | $118.8M | 23 | $119.5M | 0 |
| 2025-09-30 | 536 | $4.06B | 21 | $107.8M | 23 | $82.3M | 1 |
| 2025-06-30 | 539 | $3.11B | 21 | $68.9M | 19 | $57.1M | 1 |
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.