Merit Medical Systems, Inc. bonds MMSI
Who owns Merit Medical Systems, 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. MMSI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 589889AB0 convertible | 3% fixed | 2029-02-01 | USD | 117.18 | — | — | 16 | $91.0M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
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 | $91.0M | 117.18 | — | — | 16 |
| Jun 2026 | 1 | $48.1M | 107.81 | — | — | 12 |
| May 2026 | 1 | $34.8M | 104.43 | — | — | 5 |
| Apr 2026 | 1 | $80.0M | 107.20 | — | — | 16 |
| Mar 2026 | 1 | $54.2M | 107.12 | — | — | 15 |
| Feb 2026 | 1 | $39.2M | 112.96 | — | — | 6 |
| Jan 2026 | 1 | $82.2M | 115.82 | — | — | 15 |
| Dec 2025 | 1 | $78.2M | 120.94 | — | — | 16 |
| Nov 2025 | 1 | $41.4M | 119.57 | — | — | 6 |
| Oct 2025 | 1 | $81.0M | 120.83 | — | — | 16 |
| Sep 2025 | 1 | $66.2M | 116.48 | — | — | 15 |
| Aug 2025 | 1 | $37.6M | 122.23 | — | — | 6 |
| Jul 2025 | 1 | $79.4M | 117.88 | — | — | 19 |
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. 5 added, 9 cut, 6 new holders and 10 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $23.4M | $27.4M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $15.1M | $17.7M | $2.9M |
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $15.0M | $16.2M | $0 |
| Invesco Equity and Income Fund AIM Counselor Series Trust (Invesco Counselor Series Trust) | 2026-05-31 | $15.2M | $15.9M | $0 |
| NYLIM VP MacKay Convertible Portfolio NEW YORK LIFE INVESTMENTS VP FUNDS TRUST | 2026-06-30 | $12.8M | $13.8M | -$5.5M |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $11.5M | $12.0M | $1.5M |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $11.0M | $11.8M | $2.8M |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $10.0M | $11.7M | $0 |
| Miller Market Neutral Income Fund Miller Investment Trust | 2026-07-31 | $8.5M | $10.0M | $4.5M |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $4.8M | $5.0M | $0 |
| Calamos Convertible Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $3.5M | $4.1M | $0 |
| CALAMOS CONVERTIBLE & HIGH INCOME FUND | 2026-07-31 | $3.2M | $3.8M | $0 |
| CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND | 2026-07-31 | $3.0M | $3.5M | $0 |
| Invesco Convertible Securities Fund AIM Growth Series (Invesco Growth Series) | 2026-06-30 | $3.0M | $3.2M | -$1.5M |
| Calamos Dynamic Convertible & Income Fund | 2026-07-31 | $2.5M | $2.9M | $0 |
| WESTWOOD ALTERNATIVE INCOME FUND Ultimus Managers Trust | 2026-07-31 | $2.5M | $2.9M | $1.0M |
| THE HARTFORD STRATEGIC INCOME FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $2.5M | $2.9M | -$2.2M |
| Global Opportunities Portfolio | 2026-07-31 | $2.2M | $2.6M | $0 |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $1.8M | $1.9M | -$215K |
| Invesco V.I. Equity and Income Fund AIM Variable Insurance Funds (Invesco Variable Insurance Funds) | 2026-06-30 | $1.4M | $1.6M | $0 |
| Hartford Strategic Income ETF Hartford Funds Exchange-Traded Trust | 2026-07-31 | $709K | $828K | -$350K |
| VY(R) INVESCO EQUITY AND INCOME PORTFOLIO Voya Partners Inc | 2026-06-30 | $611K | $659K | $0 |
| Mercer Opportunistic Fixed Income Fund Mercer Funds | 2026-06-30 | $455K | $491K | -$200K |
| Domini Impact Bond Fund Domini Investment Trust | 2026-07-31 | $250K | $293K | new |
| Hartford Multi-Asset Income Fund HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $192K | $224K | -$190K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Putnam Convertible Securities Fund ($2.8M), BlackRock Event Driven Equity Fund ($2.6M), Empower High Yield Bond Fund ($742K), Defensive Market Strategies Fund ($660K), Putnam Diversified Income Trust ($211K), Putnam Premier Income Trust ($82K), Putnam Master Intermediate Income Trust ($37K), Putnam VT Diversified Income Fund ($24K), Opportunistic Fixed Income Fund ($15K), Opportunistic Fixed Income Trust ($14K).
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 |
|---|---|---|---|---|---|
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $15.1M | $17.7M | 0.25% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $11.0M | $11.8M | 0.19% |
| HFSI Hartford Strategic Income ETF | 2026-07-31 | 1 | $709K | $828K | 0.08% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $135K | $146K | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 9.91: safer than 81% of companies (78th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $5.37B |
| Debt barrier (short-term + ½ long-term debt) | $368.1M |
| Equity volatility (1 year) | 29.5% |
| Asset value / asset volatility (solved) | $5.72B / 27.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z = 4.33 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in MMSI'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 | 41 | $156.9M | 0 | — | 0 | — | 2 |
| 2026-06-30 | 394 | $4.25B | 1 | $846K | 4 | $62.1M | 50 |
| 2026-03-31 | 383 | $3.54B | 1 | $34K | 1 | $59.3M | 0 |
| 2025-12-31 | 377 | $5.27B | 3 | $4.6M | 7 | $83.7M | 0 |
| 2025-09-30 | 368 | $4.89B | 4 | $2.1M | 6 | $76.0M | 2 |
| 2025-06-30 | 371 | $5.73B | 4 | $3.6M | 7 | $85.1M | 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.