Magnera Corp bonds MAGN
Who owns Magnera 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. MAGN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 55939AAA5 | 7.25% fixed | 2031-11-15 | USD | 97.89 | 7.74% | 339 bp | 47 | $101.5M | Jul 2026 |
| U5S63AAA5 | 7.25% fixed | 2031-11-15 | USD | 93.73 | 8.70% | 471 bp | 1 | $183K | Apr 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 | 1 | $101.5M | 97.89 | 7.74% | 339 bp | 47 |
| Jun 2026 | 1 | $172.8M | 97.61 | 7.80% | 357 bp | 80 |
| May 2026 | 1 | $73.2M | 96.73 | 8.00% | 381 bp | 29 |
| Apr 2026 | 2 | $93.7M | 93.69 | 8.71% | 472 bp | 42 |
| Mar 2026 | 1 | $192.7M | 92.62 | 8.94% | 503 bp | 77 |
| Feb 2026 | 1 | $59.3M | 98.13 | 7.66% | 390 bp | 28 |
| Jan 2026 | 1 | $99.6M | 94.60 | 8.44% | 458 bp | 51 |
| Dec 2025 | 1 | $212.6M | 98.26 | 7.62% | 383 bp | 97 |
| Nov 2025 | 1 | $50.8M | 95.41 | 8.24% | 448 bp | 27 |
| Oct 2025 | 2 | $92.6M | 86.40 | 10.33% | 659 bp | 55 |
| Sep 2025 | 1 | $185.8M | 94.16 | 8.49% | 472 bp | 91 |
| Aug 2025 | 1 | $76.8M | 94.66 | 8.37% | 445 bp | 26 |
| Jul 2025 | 1 | $91.2M | 94.18 | 8.46% | 438 bp | 52 |
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, 43 cut, 18 new holders and 9 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American Funds Multi-Sector Income Fund | 2026-06-30 | $38.7M | $37.8M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $23.9M | $23.1M | $2.6M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $19.9M | $19.5M | -$1.5M |
| High Yield Bond Series Manning & Napier Fund, Inc. | 2026-06-30 | $19.5M | $18.9M | $0 |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $15.7M | $15.4M | -$6.6M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $15.4M | $15.1M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $14.7M | $14.4M | $416K |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $11.5M | $11.1M | -$457K |
| American Funds Strategic Bond Fund | 2026-06-30 | $11.1M | $10.9M | $0 |
| BrandywineGLOBAL - CORPORATE CREDIT FUND Legg Mason Partners Investment Trust | 2026-06-30 | $10.8M | $10.6M | -$3.3M |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $10.6M | $10.4M | $0 |
| Lord Abbett Floating Rate Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $9.3M | $8.9M | new |
| Aristotle Strategic Income Fund Aristotle Fund Series Trust | 2026-06-30 | $8.4M | $8.2M | -$4.6M |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $7.8M | $7.6M | $4.9M |
| Transamerica High Yield Bond TRANSAMERICA FUNDS | 2026-07-31 | $7.6M | $7.4M | -$2.5M |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $7.4M | $7.1M | $2.0M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.9M | $6.7M | $3.9M |
| Capital Group Core Plus Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $6.5M | $6.4M | $0 |
| Capital Income Builder | 2026-07-31 | $6.0M | $5.9M | $0 |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $5.8M | $5.6M | $3.5M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.1M | $5.0M | $2.7M |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $3.9M | $3.9M | $132K |
| iShares Flexible Income Active ETF BlackRock ETF Trust II | 2026-07-31 | $3.6M | $3.5M | -$1.3M |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $3.5M | $3.4M | -$2.8M |
| Optimum Fixed Income Fund Optimum Fund Trust | 2026-06-30 | $3.5M | $3.4M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Impax High Yield Bond Fund ($2.0M), SIMT Multi-Strategy Alternatives Fund ($563K), State Street(R) Blackstone Senior Loan ETF ($521K), State Street(R) Blackstone High Income ETF ($480K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($244K), Arrow Dow Jones Global Yield ETF ($195K), BlackRock Global Allocation Fund, Inc. ($186K), iShares ESG Advanced Universal USD Bond ETF ($50K), Blackstone Long-Short Credit Income Fund ($21K).
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 | 1 | $14.7M | $14.4M | 0.05% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $11.5M | $11.1M | 0.07% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $10.6M | $10.4M | 0.20% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $6.9M | $6.7M | 0.06% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 1 | $6.5M | $6.4M | 0.08% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $5.1M | $5.0M | 0.07% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $3.1M | $3.0M | 0.23% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $2.9M | $2.8M | 0.26% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $2.3M | $2.2M | 0.06% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.4M | $1.4M | 0.06% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.3M | $1.3M | 0.05% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $1.2M | $1.2M | 0.02% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $828K | $811K | 0.00% |
| VGHY VANGUARD HIGH-YIELD ACTIVE ETF | 2026-07-31 | 1 | $684K | $669K | 0.22% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $514K | $496K | 0.08% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 1.99: safer than 14% of companies (12th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-27.
| Equity value | $394.5M |
| Debt barrier (short-term + ½ long-term debt) | $968.5M |
| Equity volatility (1 year) | 56.2% |
| Asset value / asset volatility (solved) | $1.32B / 17.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 339 bp spread prices in about 5.7% 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 = 1.17 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in MAGN'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 | 16 | $6.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 173 | $414.5M | 0 | — | 2 | $160K | 0 |
| 2026-03-31 | 164 | $312.4M | 0 | — | 5 | $1.6M | 0 |
| 2025-12-31 | 181 | $546.6M | 1 | $100K | 3 | $995K | 2 |
| 2025-09-30 | 173 | $404.6M | 5 | $5.7M | 5 | $6.9M | 2 |
| 2025-06-30 | 182 | $453.3M | 6 | $5.6M | 6 | $6.6M | 2 |
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.