Marriott International, Inc. bonds MAR
Who owns Marriott International, 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. MAR 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 |
|---|---|---|---|---|---|---|---|---|---|
| 571903BM4 | 5.45% fixed | 2026-09-15 | USD | 100.02 | 5.24% | 151 bp | 8 | $53.1M | Jul 2026 |
| 571903BV4 | 4.2% fixed | 2027-07-15 | USD | 99.75 | 4.47% | 44 bp | 20 | $83.9M | Jul 2026 |
| 571903BJ1 | 5% fixed | 2027-10-15 | USD | 100.47 | 4.59% | 50 bp | 15 | $58.1M | Jul 2026 |
| 571903AY9 | 4% fixed | 2028-04-15 | USD | 99.04 | 4.59% | 42 bp | 8 | $23.7M | Jul 2026 |
| 571903BN2 | 5.55% fixed | 2028-10-15 | USD | 101.70 | 4.73% | 50 bp | 14 | $12.1M | Jul 2026 |
| 571903BB8 | 4.65% fixed | 2028-12-01 | USD | 99.86 | 4.71% | 48 bp | 9 | $4.7M | Jul 2026 |
| 571903BL6 | 4.9% fixed | 2029-04-15 | USD | 100.30 | 4.78% | 53 bp | 17 | $17.8M | Jul 2026 |
| 571903BP7 | 4.875% fixed | 2029-05-15 | USD | 100.27 | 4.77% | 52 bp | 13 | $6.0M | Jul 2026 |
| 571903BR3 | 4.8% fixed | 2030-03-15 | USD | 99.52 | 4.94% | 66 bp | 12 | $5.7M | Jul 2026 |
| 571903BE2 | 4.625% fixed | 2030-06-15 | USD | 98.89 | 4.94% | 65 bp | 16 | $16.5M | Jul 2026 |
| 571903BG7 | 2.85% fixed | 2031-04-15 | USD | 91.02 | 5.01% | 69 bp | 24 | $15.1M | Jul 2026 |
| 571903BW2 | 4.5% fixed | 2031-10-15 | USD | 97.62 | 5.02% | 68 bp | 12 | $44.5M | Jul 2026 |
| 571903BT9 | 5.1% fixed | 2032-04-15 | USD | 99.98 | 5.10% | 73 bp | 8 | $6.7M | Jul 2026 |
| 571903BF9 | 3.5% fixed | 2032-10-15 | USD | 90.99 | 5.22% | 81 bp | 16 | $37.5M | Jul 2026 |
| 571903BY8 | 4.5% fixed | 2033-05-01 | USD | 95.43 | 5.31% | 87 bp | 24 | $31.8M | Jul 2026 |
| 571903BH5 | 2.75% fixed | 2033-10-15 | USD | 85.41 | 5.20% | 73 bp | 12 | $61.9M | Jul 2026 |
| 571903BQ5 | 5.3% fixed | 2034-05-15 | USD | 98.97 | 5.46% | 97 bp | 16 | $6.0M | Jul 2026 |
| 571903AX1 | 4.5% fixed | 2034-10-01 | USD | 94.97 | 5.26% | 87 bp | 4 | $22.9M | Jun 2026 |
| 571903BS1 | 5.35% fixed | 2035-03-15 | USD | 98.88 | 5.51% | 98 bp | 12 | $5.0M | Jul 2026 |
| 571903BX0 | 5.25% fixed | 2035-10-15 | USD | 97.93 | 5.54% | 98 bp | 10 | $59.7M | Jul 2026 |
| 571903BU6 | 5.5% fixed | 2037-04-15 | USD | 98.31 | 5.71% | 108 bp | 13 | $7.9M | Jul 2026 |
| 571903BZ5 | 5.1% fixed | 2038-05-01 | USD | 93.78 | 5.84% | 115 bp | 22 | $29.6M | 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 | 21 | $587.3M | 98.97 | 5.02% | 69 bp | 24 |
| Jun 2026 | 22 | $1.29B | 100.03 | 4.79% | 56 bp | 55 |
| May 2026 | 23 | $839.7M | 100.18 | 4.75% | 56 bp | 27 |
| Apr 2026 | 22 | $729.9M | 99.98 | 4.75% | 77 bp | 30 |
| Mar 2026 | 23 | $1.37B | 99.86 | 4.75% | 84 bp | 65 |
| Feb 2026 | 23 | $821.4M | 101.58 | 4.29% | 55 bp | 26 |
| Jan 2026 | 20 | $656.0M | 101.45 | 4.35% | 59 bp | 22 |
| Dec 2025 | 22 | $1.25B | 101.43 | 4.39% | 66 bp | 53 |
| Nov 2025 | 21 | $770.3M | 101.64 | 4.37% | 65 bp | 26 |
| Oct 2025 | 20 | $620.5M | 101.22 | 4.43% | 77 bp | 23 |
| Sep 2025 | 22 | $1.34B | 101.13 | 4.49% | 78 bp | 57 |
| Aug 2025 | 22 | $807.5M | 100.52 | 4.49% | 67 bp | 28 |
| Jul 2025 | 19 | $403.7M | 100.34 | 4.65% | 72 bp | 23 |
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. 94 added, 99 cut, 7 new holders and 49 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $153.0M | $149.7M | -$7.9M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $147.4M | $146.8M | $4.1M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $147.1M | $144.2M | -$8.6M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $122.5M | $123.2M | $27.5M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $117.1M | $114.1M | $0 |
| Bond Fund of America | 2026-06-30 | $75.5M | $72.1M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $65.3M | $64.3M | -$1.0M |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $63.3M | $63.2M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $54.3M | $53.0M | -$3.1M |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $44.4M | $44.5M | $0 |
| Putnam Ultra Short Duration Income Fund Putnam Funds Trust | 2026-07-31 | $43.8M | $43.6M | -$14.9M |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $43.0M | $43.2M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $42.9M | $41.7M | -$7.8M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $43.0M | $40.4M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $40.4M | $39.5M | -$5.0M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $39.7M | $38.4M | $0 |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $37.0M | $37.0M | $0 |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $33.3M | $33.0M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $32.8M | $32.9M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $32.5M | $32.6M | -$585K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $31.5M | $31.4M | -$1.2M |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $31.3M | $30.8M | $0 |
| Core Fixed Income Fund Principal Funds, Inc | 2026-07-31 | $36.0M | $30.7M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $31.1M | $30.2M | -$2.5M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $28.6M | $28.1M | $1.9M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): MFS Limited Maturity Fund ($15.5M), MFS Corporate Bond Fund ($12.6M), American Funds Multi-Sector Income Fund ($6.5M), Capital Income Builder ($4.2M), Nomura Corporate Bond Fund ($4.2M), AB Income Fund ($3.5M), MFS Commodity Strategy Fund ($3.5M), Nomura Diversified Income Fund ($3.0M), PIMCO Low Duration Income Fund ($2.6M), CTIVP - American Century Diversified Bond Fund ($2.5M).
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 | 17 | $153.0M | $149.7M | 0.04% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 9 | $147.4M | $146.8M | 0.21% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 9 | $122.5M | $123.2M | 0.25% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 20 | $65.3M | $64.3M | 0.05% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $54.3M | $53.0M | 0.18% |
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 1 | $44.4M | $44.5M | 0.12% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 9 | $42.9M | $41.7M | 0.23% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 7 | $40.4M | $39.5M | 0.08% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 10 | $32.5M | $32.6M | 0.15% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 9 | $31.5M | $31.4M | 0.05% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 8 | $31.1M | $30.2M | 0.26% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 21 | $28.6M | $28.1M | 0.16% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 17 | $25.4M | $24.9M | 0.22% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 7 | $24.6M | $24.8M | 0.23% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 3 | $18.4M | $18.3M | 0.20% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 10.16: safer than 82% of companies (80th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $101.80B |
| Debt barrier (short-term + ½ long-term debt) | $8.69B |
| Equity volatility (1 year) | 27.2% |
| Asset value / asset volatility (solved) | $110.12B / 25.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 69 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'' = 2.29 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in MAR'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 | 276 | $947.0M | 1 | $1.2M | 1 | $2.8M | 0 |
| 2026-06-30 | 1,744 | $58.66B | 36 | $682.9M | 35 | $1.11B | 0 |
| 2026-03-31 | 1,626 | $43.98B | 36 | $670.1M | 32 | $1.57B | 0 |
| 2025-12-31 | 1,557 | $50.44B | 37 | $712.2M | 34 | $1.58B | 0 |
| 2025-09-30 | 1,437 | $42.12B | 40 | $550.9M | 33 | $941.9M | 0 |
| 2025-06-30 | 1,466 | $44.46B | 43 | $568.6M | 40 | $1.08B | 0 |
Officials trading MAR bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2026-04-08 | W. Gregory Steube | purchase | Marriott International Inc | $15,001 - $50,000 | filing |
| 2026-04-08 | W. Greg Steube | purchase | MARRIOTT INTL INC NEW SER LL NOTE 5.45000% 09/15/2026 | $15,001 - $50,000 | filing |
| 2026-04-07 | W. Greg Steube | purchase | MARRIOTT INTL INC NEW SER LL NOTE 5.45000% 09/15/2026 | $15,001 - $50,000 | filing |
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.