Medtronic Plc bonds MDT
Who owns Medtronic Plc'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. MDT 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 |
|---|---|---|---|---|---|---|---|---|---|
| 58507LBB4 | 4.25% fixed | 2028-03-30 | USD | 99.64 | 4.47% | 31 bp | 11 | $43.8M | Jul 2026 |
| 585055BV7 | 3.65% fixed | 2029-10-15 | EUR | 100.91 | 3.34% | — | 10 | $42.9M | Jul 2026 |
| 585055BZ8 | 2.95% fixed | 2030-10-15 | EUR | 97.98 | 3.47% | — | 4 | $29.5M | Jul 2026 |
| ZO6400733 | 0.75% fixed | 2032-10-15 | EUR | 170.69 | — | — | 1 | $293K | Jun 2026 |
| 58507LBC2 | 4.5% fixed | 2033-03-30 | USD | 96.59 | 5.11% | 67 bp | 8 | $5.9M | Jul 2026 |
| 585055BT2 | 4.375% fixed | 2035-03-15 | USD | 94.27 | 5.21% | 67 bp | 11 | $9.5M | Jul 2026 |
| 585055BW5 | 3.875% fixed | 2036-10-15 | EUR | 98.74 | 4.03% | — | 3 | $7.9M | Jul 2026 |
| 58507LAP4 | 1.5% fixed | 2039-07-02 | EUR | 72.96 | 4.27% | — | 4 | $5.1M | Jul 2026 |
| 585055AY2 | 4% fixed | 2043-04-01 | USD | 80.67 | 5.83% | 89 bp | 3 | $250K | Jul 2026 |
| 585055BX3 | 4.15% fixed | 2043-10-15 | EUR | 95.37 | 4.54% | — | 1 | $220K | Jul 2026 |
| 585055BU9 | 4.625% fixed | 2045-03-15 | USD | 86.24 | 5.85% | 81 bp | 7 | $3.9M | Jul 2026 |
| 585055CA2 | 4.2% fixed | 2045-10-15 | EUR | 94.35 | 4.65% | — | 2 | $7.6M | Jul 2026 |
| 58507LAQ2 | 1.75% fixed | 2049-07-02 | EUR | 58.47 | 4.77% | — | 4 | $12.0M | Jul 2026 |
| 585055BY1 | 4.15% fixed | 2053-10-15 | EUR | 90.32 | 4.79% | — | 3 | $6.8M | 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 | 13 | $175.5M | 94.35 | 5.21% | 67 bp | 11 |
| Jun 2026 | 14 | $296.7M | 98.53 | 4.93% | 52 bp | 32 |
| May 2026 | 5 | $283.2M | 96.35 | 4.89% | 48 bp | 25 |
| Apr 2026 | 13 | $179.9M | 96.45 | 4.86% | 62 bp | 11 |
| Mar 2026 | 16 | $299.3M | 96.17 | 4.84% | 66 bp | 32 |
| Feb 2026 | 5 | $282.4M | 98.94 | 4.52% | 47 bp | 24 |
| Jan 2026 | 12 | $192.9M | 98.43 | 4.59% | 52 bp | 12 |
| Dec 2025 | 16 | $299.0M | 98.16 | 4.62% | 54 bp | 28 |
| Nov 2025 | 5 | $274.1M | 99.07 | 4.50% | 50 bp | 22 |
| Oct 2025 | 12 | $192.6M | 100.07 | 4.54% | 60 bp | 11 |
| Sep 2025 | 15 | $313.6M | 99.68 | 4.62% | 59 bp | 28 |
| Aug 2025 | 6 | $263.2M | 93.41 | 4.74% | 55 bp | 22 |
| Jul 2025 | 10 | $136.3M | 98.08 | 4.78% | 50 bp | 12 |
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. 35 added, 26 cut, 7 new holders and 6 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $99.4M | $96.6M | $5.8M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $81.2M | $77.8M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $62.1M | $58.6M | $467K |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $35.5M | $33.5M | $8.6M |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $33.1M | $32.6M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $27.8M | $27.1M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $28.4M | $27.0M | -$355K |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $26.7M | $25.9M | $400K |
| PGIM Global Total Return Fund Prudential Global Total Return Fund, Inc. | 2026-07-31 | $22.4M | $24.7M | $0 |
| BBH Limited Duration Fund BBH Trust | 2026-07-31 | $24.3M | $24.2M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $19.8M | $19.2M | -$200K |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $15.7M | $15.2M | $1.7M |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $13.0M | $15.1M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $14.9M | $14.9M | -$5.5M |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $12.8M | $12.6M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $11.1M | $10.6M | $410K |
| American Balanced Fund | 2026-06-30 | $10.0M | $10.0M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $10.3M | $9.2M | $0 |
| Six Circles Global Bond Fund SIX CIRCLES TRUST | 2026-06-30 | $7.6M | $8.3M | -$200K |
| Invesco BulletShares 2028 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $8.2M | $8.2M | $93K |
| iShares iBonds Dec 2028 Term Corporate ETF iShares Trust | 2026-07-31 | $7.8M | $7.7M | $320K |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.2M | $7.2M | $221K |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $8.0M | $7.2M | $337K |
| VANGUARD ULTRA-SHORT BOND ETF VANGUARD BOND INDEX FUNDS | 2026-06-30 | $6.8M | $6.8M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $6.8M | $6.8M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Dimensional International Core Fixed Income ETF ($1.6M), Balanced Fund ($1.3M), AB Short Duration Income ETF ($604K), Invesco Investment Grade Defensive ETF ($189K), John Hancock Income Securities Trust ($111K), AB GLOBAL BOND FUND, INC. ($100K).
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 |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $99.4M | $96.6M | 0.14% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 2 | $62.1M | $58.6M | 0.01% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $35.5M | $33.5M | 0.11% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 7 | $27.8M | $27.1M | 0.02% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 5 | $28.4M | $27.0M | 0.02% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $26.7M | $25.9M | 0.05% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $19.8M | $19.2M | 0.11% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $15.7M | $15.2M | 0.13% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $14.9M | $14.9M | 0.03% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $11.1M | $10.6M | 0.06% |
| BSCS Invesco BulletShares 2028 Corporate Bond ETF | 2026-05-31 | 1 | $8.2M | $8.2M | 0.24% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 1 | $7.8M | $7.7M | 0.19% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 2 | $7.2M | $7.2M | 0.06% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $8.0M | $7.2M | 0.08% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 1 | $6.8M | $6.8M | 0.08% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 10.17: safer than 82% of companies (79th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-07-31.
| Equity value | $118.82B |
| Debt barrier (short-term + ½ long-term debt) | $15.34B |
| Equity volatility (1 year) | 24.1% |
| Asset value / asset volatility (solved) | $133.52B / 21.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 67 bp spread prices in about 1.1% 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'' = 3.81 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in MDT'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 | 384 | $1.67B | 0 | — | 1 | $561K | 0 |
| 2026-06-30 | 2,106 | $84.09B | 34 | $767.7M | 31 | $838.0M | 2 |
| 2026-03-31 | 2,203 | $79.75B | 37 | $374.6M | 36 | $650.8M | 2 |
| 2025-12-31 | 2,272 | $101.00B | 38 | $600.9M | 41 | $936.2M | 1 |
| 2025-09-30 | 2,132 | $100.21B | 41 | $604.4M | 47 | $877.1M | 2 |
| 2025-06-30 | 2,090 | $92.00B | 43 | $816.1M | 49 | $943.1M | 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.