A.P. Møller - Mærsk A/S bonds MAERSK-B.CO
Who owns A.P. Møller - Mærsk A/S'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. MAERSK-B.CO 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 |
|---|---|---|---|---|---|---|---|---|---|
| 00203QAE7 | 4.5% fixed | 2029-06-20 | USD | 99.26 | 4.77% | 52 bp | 2 | $1.0M | Jul 2026 |
| XS2410368042 | 0.75% fixed | 2031-11-25 | EUR | 86.09 | 3.68% | — | 2 | $19.9M | Jul 2026 |
| XS2776890902 | 3.75% fixed | 2032-03-05 | EUR | 101.52 | 3.45% | — | 1 | $139K | Jun 2026 |
| 00203QAF4 | 5.875% fixed | 2033-09-14 | USD | 102.82 | 5.39% | 93 bp | 4 | $2.7M | Jul 2026 |
| XS3179710010 | 3.5% fixed | 2034-09-17 | EUR | 96.51 | 4.01% | — | 3 | $25.8M | Jul 2026 |
| XS2776891207 | 4.13% fixed | 2036-03-05 | EUR | 99.99 | 4.13% | — | 1 | $346K | 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 | 5 | $49.7M | 99.26 | 5.08% | 72 bp | 4 |
| Jun 2026 | 3 | $25.6M | 101.52 | 4.86% | 62 bp | 7 |
| May 2026 | 3 | $15.6M | 99.87 | 4.80% | 62 bp | 9 |
| Apr 2026 | 5 | $38.0M | 99.82 | 4.85% | 86 bp | 4 |
| Mar 2026 | 4 | $26.3M | 100.21 | 4.83% | 92 bp | 7 |
| Feb 2026 | 2 | $15.8M | 104.42 | 4.39% | 65 bp | 10 |
| Jan 2026 | 5 | $39.0M | 100.95 | 4.52% | 68 bp | 4 |
| Dec 2025 | 3 | $27.0M | 102.54 | 4.52% | 75 bp | 8 |
| Nov 2025 | 2 | $15.8M | 104.12 | 4.45% | 70 bp | 10 |
| Oct 2025 | 4 | $24.1M | 102.69 | 4.55% | 82 bp | 4 |
| Sep 2025 | 2 | $26.9M | 103.69 | 4.54% | 77 bp | 7 |
| Aug 2025 | 2 | $15.4M | 103.45 | 4.58% | 68 bp | 10 |
| Jul 2025 | 4 | $23.4M | 101.89 | 4.67% | 61 bp | 4 |
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. 6 added, 6 cut, 0 new holders and 1 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $24.8M | $26.0M | $6.0M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $20.6M | $20.5M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $18.2M | $19.4M | $5.0M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $5.3M | $5.6M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.7M | $3.7M | $35K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.4M | $3.5M | $0 |
| PIMCO Total Return ESG Fund PIMCO FUNDS | 2026-06-30 | $2.9M | $3.0M | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $1.8M | $1.8M | $0 |
| iShares USD Green Bond ETF iShares Trust | 2026-07-31 | $1.7M | $1.8M | $175K |
| ActivePassive Core Bond ETF Trust for Professional Managers | 2026-05-31 | $1.3M | $1.4M | $336K |
| EQ/PIMCO Total Return ESG Portfolio EQ Advisors Trust | 2026-06-30 | $1.0M | $1.0M | $0 |
| Invesco Corporate Bond Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $926K | $972K | -$177K |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $500K | $568K | $0 |
| PIMCO Total Return Fund V PIMCO FUNDS | 2026-06-30 | $500K | $522K | $0 |
| TETON Westwood Balanced Fund Teton Westwood Funds | 2026-06-30 | $250K | $250K | $0 |
| iShares Core 1-5 Year USD Bond ETF iShares Trust | 2026-07-31 | $155K | $154K | $15K |
| Fidelity International Bond Index Fund Fidelity Salem Street Trust | 2026-06-30 | $120K | $139K | $0 |
| Symmetry Panoramic Global Systematic Fixed Income Fund Symmetry Panoramic Trust | 2026-05-31 | $120K | $137K | -$2K |
| WisdomTree VOYA Yield Enhanced USD Universal Bond Fund WisdomTree Trust | 2026-05-31 | $127K | $130K | $0 |
| Fidelity Environmental Bond Fund Fidelity Income Fund | 2026-05-31 | $100K | $105K | $0 |
| F/m 3-Year Investment Grade Corporate Bond ETF RBB Fund, Inc. | 2026-05-31 | $87K | $87K | -$4K |
| PIMCO Climate Bond Fund PIMCO FUNDS | 2026-06-30 | $66K | $69K | $0 |
| Invesco Bond Fund | 2026-05-31 | $30K | $31K | -$14K |
| Invesco V.I. Equity and Income Fund AIM Variable Insurance Funds (Invesco Variable Insurance Funds) | 2026-06-30 | $19K | $20K | $0 |
| iShares Core 5-10 Year USD Bond ETF iShares Trust | 2026-05-31 | $15K | $16K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): AB GLOBAL BOND FUND, INC. ($570K).
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 |
|---|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 2 | $18.2M | $19.4M | 0.02% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $5.3M | $5.6M | 0.03% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $3.7M | $3.7M | 0.02% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $3.4M | $3.5M | 0.02% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.8M | $1.8M | 0.00% |
| BGRN iShares USD Green Bond ETF | 2026-07-31 | 1 | $1.7M | $1.8M | 0.35% |
| APCB ActivePassive Core Bond ETF | 2026-05-31 | 1 | $1.3M | $1.4M | 0.15% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 2 | $500K | $568K | 0.01% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $155K | $154K | 0.00% |
| UNIY WisdomTree VOYA Yield Enhanced USD Universal Bond Fund | 2026-05-31 | 2 | $127K | $130K | 0.01% |
| ZTRE F/m 3-Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $87K | $87K | 0.21% |
| IMTB iShares Core 5-10 Year USD Bond ETF | 2026-05-31 | 1 | $15K | $16K | 0.01% |
| BNDP VANGUARD CORE-PLUS BOND INDEX ETF | 2026-06-30 | 1 | $5K | $5K | 0.00% |
| GTO Invesco Total Return Bond ETF | 2026-07-31 | 1 | $1K | $1K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.78: safer than 71% of companies (72th percentile in Industrials). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $52.95B |
| Debt barrier (short-term + ½ long-term debt) | $2.77B |
| Equity volatility (1 year) | 40.1% |
| Asset value / asset volatility (solved) | $55.60B / 38.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 72 bp spread prices in about 1.2% 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'' = 5.20 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in MAERSK-B.CO'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 | 3 | $672K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 9 | $1.8M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 8 | $1.5M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 7 | $1.3M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 5 | $840K | 0 | — | 0 | — | 0 |
| 2025-06-30 | 7 | $783K | 0 | — | 0 | — | 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.