3M Company bonds MMM
Who owns 3M Company'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. MMM 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 |
|---|---|---|---|---|---|---|---|---|---|
| 88579YAV3 | 2.25% fixed | 2026-09-19 | USD | 99.73 | 4.25% | 52 bp | 4 | $14.8M | Jul 2026 |
| 88579YAK7 | 1.5% fixed | 2026-11-09 | EUR | 99.65 | 2.77% | — | 1 | $287K | Jul 2026 |
| 88579YAY7 | 2.88% fixed | 2027-10-15 | USD | 98.13 | 4.49% | 40 bp | 10 | $17.2M | Jul 2026 |
| 88579YBC4 | 3.63% fixed | 2028-09-14 | USD | 98.21 | 4.52% | 30 bp | 9 | $14.6M | Jul 2026 |
| 88579YBG5 | 3.38% fixed | 2029-03-01 | USD | 96.80 | 4.71% | 46 bp | 10 | $12.8M | Jul 2026 |
| 88579YBJ9 | 2.375% fixed | 2029-08-26 | USD | 93.44 | 4.69% | 43 bp | 12 | $13.7M | Jul 2026 |
| 88579YBQ3 | 4.8% fixed | 2030-03-15 | USD | 99.96 | 4.81% | 53 bp | 12 | $14.0M | Jul 2026 |
| 88579YBN0 | 3.05% fixed | 2030-04-15 | USD | 93.78 | 4.90% | 62 bp | 11 | $15.4M | Jul 2026 |
| 88579YAN1 | 1.75% fixed | 2030-05-15 | EUR | 94.08 | 3.44% | — | 9 | $18.5M | Jul 2026 |
| 88579YAT8 | 1.5% fixed | 2031-06-02 | EUR | 91.90 | 3.31% | — | 1 | $3.3M | Jun 2026 |
| 88579YBR1 | 5.15% fixed | 2035-03-15 | USD | 98.83 | 5.32% | 78 bp | 9 | $3.2M | Jul 2026 |
| 88579EAC9 | 5.7% fixed | 2037-03-15 | USD | 101.84 | 5.47% | 84 bp | 6 | $2.2M | Jul 2026 |
| 88579YAH4 | 3.88% fixed | 2044-06-15 | USD | 76.43 | 6.06% | 106 bp | 3 | $1.1M | Jul 2026 |
| 88579YAW1 | 3.13% fixed | 2046-09-19 | USD | 65.74 | 6.11% | 100 bp | 3 | $1.0M | Jul 2026 |
| 88579YAZ4 | 3.63% fixed | 2047-10-15 | USD | 70.45 | 6.14% | 103 bp | 8 | $1.1M | Jul 2026 |
| 88579YBD2 | 4% fixed | 2048-09-14 | USD | 74.83 | 6.08% | 98 bp | 6 | $1.9M | Jul 2026 |
| 88579YBK6 | 3.25% fixed | 2049-08-26 | USD | 65.02 | 6.09% | 99 bp | 6 | $2.1M | Jul 2026 |
| 88579YBP5 | 3.7% fixed | 2050-04-15 | USD | 70.11 | 6.10% | 99 bp | 3 | $791K | 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 | 17 | $134.7M | 94.08 | 5.39% | 81 bp | 12 |
| Jun 2026 | 16 | $393.3M | 94.13 | 5.14% | 66 bp | 26 |
| May 2026 | 16 | $381.5M | 94.59 | 5.08% | 61 bp | 27 |
| Apr 2026 | 17 | $128.4M | 94.68 | 5.11% | 80 bp | 12 |
| Mar 2026 | 15 | $387.6M | 93.77 | 5.14% | 90 bp | 26 |
| Feb 2026 | 16 | $367.2M | 95.93 | 4.79% | 67 bp | 26 |
| Jan 2026 | 17 | $120.3M | 95.56 | 4.98% | 77 bp | 13 |
| Dec 2025 | 15 | $373.4M | 94.63 | 4.95% | 80 bp | 24 |
| Nov 2025 | 17 | $366.8M | 95.76 | 4.79% | 68 bp | 27 |
| Oct 2025 | 18 | $113.6M | 96.56 | 4.86% | 79 bp | 13 |
| Sep 2025 | 16 | $405.4M | 95.00 | 4.92% | 75 bp | 23 |
| Aug 2025 | 17 | $386.9M | 95.06 | 4.95% | 72 bp | 27 |
| Jul 2025 | 19 | $126.4M | 96.64 | 5.04% | 68 bp | 13 |
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. 54 added, 33 cut, 4 new holders and 6 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 | $147.0M | $126.0M | -$267K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $142.1M | $123.8M | -$2.0M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $76.5M | $74.9M | $9.3M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $46.8M | $41.2M | -$1.3M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $38.5M | $34.1M | $9.1M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $31.0M | $30.5M | $855K |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $29.9M | $30.2M | $6.8M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $25.3M | $24.5M | -$2.2M |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $23.5M | $23.0M | $2.7M |
| T. Rowe Price New Income Fund, Inc. T. ROWE PRICE NEW INCOME FUND, INC. | 2026-05-31 | $17.3M | $17.5M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $19.5M | $17.4M | $375K |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $16.7M | $16.3M | $7.7M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $20.6M | $16.1M | -$7.0M |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $16.9M | $15.3M | $1.1M |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $16.5M | $13.6M | -$2.1M |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $12.2M | $13.2M | $0 |
| iShares iBonds Dec 2029 Term Corporate ETF iShares Trust | 2026-07-31 | $13.8M | $13.1M | $495K |
| Invesco BulletShares 2029 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $12.3M | $11.7M | -$960K |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $9.9M | $10.7M | $0 |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $10.8M | $10.7M | $3.0M |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $12.4M | $10.5M | $1.4M |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $10.0M | $9.4M | $4.3M |
| iShares iBonds Dec 2026 Term Corporate ETF iShares Trust | 2026-07-31 | $9.3M | $9.2M | $1.7M |
| Dimensional Ultrashort Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $9.1M | $8.9M | $2.4M |
| VANGUARD BALANCED INDEX FUND VANGUARD VALLEY FORGE FUNDS | 2026-06-30 | $9.9M | $8.9M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): VOYA INTERMEDIATE BOND FUND ($2.3M), Fidelity Investment Grade Bond Central Fund ($1.5M), Multi-Manager Total Return Bond Strategies Fund ($662K), VOYA INTERMEDIATE BOND PORTFOLIO ($202K), Invesco Multi-Asset Income Fund ($170K), Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF ($11K).
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 | 13 | $147.0M | $126.0M | 0.03% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $76.5M | $74.9M | 0.15% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 14 | $46.8M | $41.2M | 0.03% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 6 | $31.0M | $30.5M | 0.04% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $29.9M | $30.2M | 0.04% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $25.3M | $24.5M | 0.11% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 6 | $23.5M | $23.0M | 0.32% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 14 | $19.5M | $17.4M | 0.10% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 3 | $16.7M | $16.3M | 0.15% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $20.6M | $16.1M | 0.05% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $16.5M | $13.6M | 0.15% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 2 | $13.8M | $13.1M | 0.32% |
| BSCT Invesco BulletShares 2029 Corporate Bond ETF | 2026-05-31 | 2 | $12.3M | $11.7M | 0.42% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $10.8M | $10.7M | 0.28% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 14 | $12.4M | $10.5M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 10.62: safer than 83% of companies (84th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $83.84B |
| Debt barrier (short-term + ½ long-term debt) | $7.10B |
| Equity volatility (1 year) | 26.1% |
| Asset value / asset volatility (solved) | $90.64B / 24.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 81 bp spread prices in about 1.4% 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'' = 5.06 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in MMM'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 | 410 | $807.2M | 1 | $442K | 2 | $1.7M | 0 |
| 2026-06-30 | 2,202 | $60.48B | 41 | $733.7M | 39 | $799.4M | 1 |
| 2026-03-31 | 2,126 | $46.90B | 39 | $730.4M | 40 | $486.6M | 1 |
| 2025-12-31 | 2,219 | $61.41B | 43 | $604.7M | 41 | $1.12B | 1 |
| 2025-09-30 | 2,088 | $57.94B | 45 | $733.3M | 43 | $1.59B | 1 |
| 2025-06-30 | 2,095 | $59.28B | 46 | $779.3M | 46 | $1.73B | 1 |
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.