Las Vegas Sands Corp. bonds LVS
Who owns Las Vegas Sands Corp.'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. LVS 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 |
|---|---|---|---|---|---|---|---|---|---|
| 517834AE7 | 3.5% fixed | 2026-08-18 | USD | 100.09 | 3.05% | -55 bp | 15 | $109.2M | May 2026 |
| 517834AJ6 | 5.9% fixed | 2027-06-01 | USD | 100.83 | 4.87% | 89 bp | 21 | $36.4M | Jul 2026 |
| 517834AM9 | 5.625% fixed | 2028-06-15 | USD | 100.92 | 5.10% | 90 bp | 35 | $65.0M | Jul 2026 |
| 517834AF4 | 3.9% fixed | 2029-08-08 | USD | 96.36 | 5.22% | 96 bp | 27 | $27.6M | Jul 2026 |
| 517834AK3 | 6% fixed | 2029-08-15 | USD | 102.05 | 5.26% | 100 bp | 17 | $23.7M | Jul 2026 |
| 517834AN7 | 6% fixed | 2030-06-14 | USD | 101.88 | 5.45% | 116 bp | 23 | $27.8M | Jul 2026 |
| 517834AR8 | 5.3% fixed | 2031-05-15 | USD | 98.67 | 5.62% | 130 bp | 27 | $49.0M | Jul 2026 |
| 517834AS6 | 5.65% fixed | 2033-05-18 | USD | 98.77 | 5.87% | 142 bp | 19 | $70.3M | Jul 2026 |
| 517834AL1 | 6.2% fixed | 2034-08-15 | USD | 100.98 | 6.04% | 154 bp | 16 | $26.3M | 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 | 8 | $326.2M | 100.87 | 5.45% | 116 bp | 35 |
| Jun 2026 | 8 | $833.3M | 101.08 | 5.20% | 102 bp | 78 |
| May 2026 | 9 | $376.9M | 101.22 | 5.07% | 100 bp | 33 |
| Apr 2026 | 7 | $226.0M | 101.44 | 5.06% | 122 bp | 33 |
| Mar 2026 | 7 | $853.9M | 101.32 | 5.08% | 133 bp | 82 |
| Feb 2026 | 7 | $336.1M | 102.44 | 4.55% | 101 bp | 35 |
| Jan 2026 | 7 | $215.5M | 102.38 | 4.68% | 103 bp | 38 |
| Dec 2025 | 7 | $861.0M | 102.55 | 4.63% | 104 bp | 93 |
| Nov 2025 | 7 | $328.5M | 102.28 | 4.67% | 109 bp | 37 |
| Oct 2025 | 7 | $190.9M | 102.25 | 4.78% | 120 bp | 36 |
| Sep 2025 | 7 | $878.0M | 102.25 | 4.81% | 122 bp | 93 |
| Aug 2025 | 7 | $351.7M | 102.36 | 4.90% | 117 bp | 38 |
| Jul 2025 | 7 | $215.9M | 101.67 | 5.17% | 128 bp | 38 |
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. 100 added, 53 cut, 76 new holders and 38 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $106.1M | $108.7M | $0 |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $87.8M | $85.9M | -$35.5M |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $78.3M | $78.4M | $0 |
| PIMCO Total Return Fund PIMCO FUNDS | 2026-06-30 | $58.1M | $58.7M | $15.5M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $38.4M | $38.4M | -$5.2M |
| PIMCO Short-Term Fund PIMCO FUNDS | 2026-06-30 | $36.5M | $36.9M | $14.8M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $32.3M | $32.3M | $3.4M |
| TCW METWEST TOTAL RETURN BOND FUND TCW Metropolitan West Funds | 2026-06-30 | $30.6M | $31.0M | $0 |
| MFS Income Fund MFS Series Trust VIII | 2026-07-31 | $30.2M | $30.1M | $19.5M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $28.4M | $29.1M | $13.0M |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $27.3M | $26.8M | new |
| AST PGIM Fixed Income Central Portfolio Advanced Series Trust | 2026-06-30 | $24.9M | $25.2M | -$1.1M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $24.8M | $25.0M | -$6.0M |
| MFS Corporate Bond Fund MFS Series Trust IX | 2026-07-31 | $22.1M | $22.1M | $6.5M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $21.9M | $22.1M | $1.4M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $21.7M | $21.8M | $2.5M |
| Lord Abbett Ultra Short Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $21.0M | $21.1M | $0 |
| Eaton Vance Total Return Bond ETF Morgan Stanley ETF Trust | 2026-06-30 | $20.2M | $20.8M | $2.9M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $17.6M | $17.4M | new |
| Dimensional Global Core Plus Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $16.5M | $16.5M | $13.7M |
| PIMCO Low Duration Fund PIMCO FUNDS | 2026-06-30 | $15.8M | $16.0M | $6.5M |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $14.1M | $14.2M | $8.5M |
| PGIM Short-Term Corporate Bond Fund Prudential Short-Term Corporate Bond Fund, Inc. | 2026-06-30 | $13.9M | $14.2M | $0 |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) PIMCO FUNDS | 2026-06-30 | $13.9M | $14.0M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $12.9M | $13.0M | -$477K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Allspring Core Plus Bond Fund ($14.9M), PIMCO Enhanced Low Duration Active Exchange-Traded Fund ($10.7M), PIMCO Short Asset Portfolio ($10.6M), iShares iBonds Dec 2026 Term Corporate ETF ($9.7M), AB Core Bond Portfolio ($7.3M), PIMCO StocksPLUS Fund ($5.9M), PIMCO Credit Opportunities Bond Fund ($5.1M), BNY Mellon Core Plus Fund ($5.0M), iShares iBonds 2026 Term High Yield and Income ETF ($4.1M), MFS Emerging Markets Debt Fund ($3.1M).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 7 | $38.4M | $38.4M | 0.01% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $28.4M | $29.1M | 0.04% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 4 | $27.3M | $26.8M | 0.24% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $24.8M | $25.0M | 0.05% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 8 | $21.9M | $22.1M | 0.02% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $21.7M | $21.8M | 0.10% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 1 | $20.2M | $20.8M | 0.37% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 2 | $16.5M | $16.5M | 0.49% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 4 | $12.9M | $13.0M | 0.02% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 6 | $12.4M | $12.4M | 0.11% |
| MYCH State Street(R) My2028 Corporate Bond ETF | 2026-05-31 | 1 | $11.1M | $11.2M | 2.02% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 2 | $10.8M | $10.6M | 0.26% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 2 | $9.7M | $9.5M | 0.09% |
| DUSB Dimensional Ultrashort Fixed Income ETF | 2026-07-31 | 2 | $9.1M | $9.2M | 0.42% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 8 | $8.3M | $8.4M | 0.05% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.46: safer than 53% of companies (51th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $24.62B |
| Debt barrier (short-term + ½ long-term debt) | $8.41B |
| Equity volatility (1 year) | 33.3% |
| Asset value / asset volatility (solved) | $32.68B / 25.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 116 bp spread prices in about 1.9% 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'' = 1.88 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in LVS'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 | 71 | $130.4M | 0 | — | 1 | $2.5M | 0 |
| 2026-06-30 | 697 | $11.69B | 22 | $215.9M | 28 | $272.0M | 0 |
| 2026-03-31 | 747 | $11.01B | 28 | $176.8M | 28 | $374.5M | 0 |
| 2025-12-31 | 792 | $16.77B | 41 | $709.2M | 37 | $1.04B | 0 |
| 2025-09-30 | 667 | $14.13B | 34 | $405.4M | 35 | $740.0M | 0 |
| 2025-06-30 | 597 | $12.61B | 33 | $347.2M | 36 | $621.3M | 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.