Altria Group, Inc. bonds MO
Who owns Altria Group, 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. MO 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 |
|---|---|---|---|---|---|---|---|---|---|
| 02209SAU7 | 2.625% fixed | 2026-09-16 | USD | 99.81 | 4.07% | 34 bp | 9 | $83.4M | Jul 2026 |
| 02209SAY9 | 2.2% fixed | 2027-06-15 | EUR | 99.30 | 3.02% | — | 1 | $7.2M | Jul 2026 |
| 02209SBS1 | 4.875% fixed | 2028-02-04 | USD | 100.36 | 4.62% | 48 bp | 20 | $47.6M | Jul 2026 |
| 02209SBQ5 | 6.2% fixed | 2028-11-01 | USD | 103.09 | 4.73% | 50 bp | 17 | $21.3M | Jul 2026 |
| 02209SBD4 | 4.8% fixed | 2029-02-14 | USD | 100.05 | 4.78% | 54 bp | 21 | $45.9M | Jul 2026 |
| 02209SBJ1 | 3.4% fixed | 2030-05-06 | USD | 94.75 | 4.94% | 66 bp | 18 | $20.5M | Jul 2026 |
| 02209SBU6 | 4.5% fixed | 2030-08-06 | USD | 98.40 | 4.94% | 65 bp | 12 | $38.7M | Jul 2026 |
| 02209SAZ6 | 3.125% fixed | 2031-06-15 | EUR | 97.59 | 3.67% | — | 7 | $38.7M | Jul 2026 |
| 02209SBL6 | 2.45% fixed | 2032-02-04 | USD | 87.09 | 5.17% | 81 bp | 27 | $98.8M | Jul 2026 |
| 02209SBR3 | 6.875% fixed | 2033-11-01 | USD | 108.98 | 5.36% | 89 bp | 12 | $7.9M | Jul 2026 |
| 02209SBT9 | 5.625% fixed | 2035-02-06 | USD | 100.78 | 5.51% | 98 bp | 12 | $20.8M | Jul 2026 |
| 02209SBV4 | 5.25% fixed | 2035-08-06 | USD | 97.99 | 5.54% | 98 bp | 11 | $27.5M | Jul 2026 |
| 02209SAE3 | 9.95% fixed | 2038-11-10 | USD | 132.39 | 6.17% | 158 bp | 1 | $9.3M | Jun 2026 |
| 02209SAH6 | 10.2% fixed | 2039-02-06 | USD | 138.07 | 5.88% | 128 bp | 1 | $18.5M | Jun 2026 |
| 02209SBE2 | 5.8% fixed | 2039-02-14 | USD | 98.74 | 5.94% | 121 bp | 17 | $33.9M | Jul 2026 |
| 02209SBM4 | 3.4% fixed | 2041-02-04 | USD | 74.12 | 6.12% | 129 bp | 22 | $67.6M | Jul 2026 |
| 02209SAM5 | 4.25% fixed | 2042-08-09 | USD | 79.29 | 6.32% | 142 bp | 13 | $34.4M | Jul 2026 |
| 02209SAQ6 | 4.5% fixed | 2043-05-02 | USD | 81.17 | 6.34% | 140 bp | 11 | $16.6M | Jul 2026 |
| 02209SAR4 | 5.375% fixed | 2044-01-31 | USD | 89.69 | 6.36% | 138 bp | 8 | $4.0M | Jul 2026 |
| 02209SAV5 | 3.875% fixed | 2046-09-16 | USD | 71.28 | 6.44% | 133 bp | 7 | $6.5M | Jul 2026 |
| 02209SBF9 | 5.95% fixed | 2049-02-14 | USD | 94.01 | 6.46% | 135 bp | 12 | $7.1M | Jul 2026 |
| 02209SBK8 | 4.45% fixed | 2050-05-06 | USD | 75.23 | 6.51% | 141 bp | 9 | $2.7M | Jul 2026 |
| 02209SBN2 | 3.7% fixed | 2051-02-04 | USD | 66.41 | 6.44% | 134 bp | 10 | $2.5M | Jul 2026 |
| 02209SBG7 | 6.2% fixed | 2059-02-14 | USD | 94.79 | 6.59% | 149 bp | 2 | $162K | Jul 2026 |
| 02209SBP7 | 4% fixed | 2061-02-04 | USD | 66.01 | 6.47% | 138 bp | 7 | $1.9M | 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 | 23 | $635.5M | 94.79 | 5.74% | 110 bp | 27 |
| Jun 2026 | 25 | $1.11B | 98.79 | 5.73% | 109 bp | 47 |
| May 2026 | 24 | $811.5M | 98.64 | 5.74% | 103 bp | 31 |
| Apr 2026 | 23 | $653.3M | 97.53 | 5.49% | 112 bp | 26 |
| Mar 2026 | 24 | $1.10B | 97.78 | 5.75% | 133 bp | 48 |
| Feb 2026 | 24 | $977.0M | 100.22 | 5.36% | 106 bp | 34 |
| Jan 2026 | 24 | $740.2M | 99.42 | 5.33% | 102 bp | 26 |
| Dec 2025 | 25 | $1.22B | 99.55 | 5.48% | 105 bp | 45 |
| Nov 2025 | 25 | $979.6M | 99.99 | 5.45% | 105 bp | 35 |
| Oct 2025 | 24 | $718.3M | 99.55 | 5.31% | 113 bp | 26 |
| Sep 2025 | 25 | $1.29B | 99.56 | 5.41% | 104 bp | 46 |
| Aug 2025 | 25 | $964.5M | 99.42 | 5.58% | 105 bp | 36 |
| Jul 2025 | 22 | $617.1M | 98.26 | 5.68% | 104 bp | 27 |
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. 92 added, 75 cut, 11 new holders and 23 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 | $262.1M | $228.3M | $3.8M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $249.8M | $222.1M | $10.0M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $106.5M | $92.9M | -$20.8M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $98.8M | $91.0M | -$4.3M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $96.5M | $87.2M | -$755K |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $94.1M | $86.3M | -$6.1M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $78.0M | $78.0M | -$10.7M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $58.4M | $58.9M | $4.7M |
| Navigator Tactical Fixed Income Fund Northern Lights Fund Trust | 2026-07-31 | $58.0M | $57.9M | $5.0M |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $69.0M | $56.9M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $51.9M | $46.2M | $0 |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $47.8M | $46.1M | $0 |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $55.7M | $42.1M | $0 |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $38.4M | $38.8M | $5.0M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $42.5M | $38.2M | $1.1M |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $50.2M | $37.3M | $0 |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $44.7M | $36.8M | -$2.1M |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $34.8M | $30.1M | -$8.0M |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $27.9M | $24.6M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $26.4M | $24.5M | $250K |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $27.0M | $24.5M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $24.0M | $24.0M | -$1.3M |
| AST PGIM Fixed Income Central Portfolio Advanced Series Trust | 2026-06-30 | $23.2M | $24.0M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $23.2M | $23.1M | -$5.5M |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $26.3M | $23.0M | $5.0M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Fidelity SAI Total Bond Fund ($18.2M), Guggenheim Limited Duration Fund ($10.0M), VIP Investment Grade Bond Portfolio ($6.6M), DFA Commodity Strategy Portfolio ($6.0M), Strategic Advisers Fidelity U.S. Total Stock Fund ($5.0M), SIIT INTERMEDIATE DURATION CREDIT FUND ($4.3M), VIP Investment Grade Central Fund ($3.6M), VIP Investment Grade Bond II Portfolio ($2.9M), Strategic Advisers Fidelity Core Income Fund ($2.4M), Guggenheim Macro Opportunities Fund ($1.7M).
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 | $262.1M | $228.3M | 0.06% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 10 | $106.5M | $92.9M | 0.31% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $98.8M | $91.0M | 0.13% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 19 | $96.5M | $87.2M | 0.06% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 5 | $58.4M | $58.9M | 0.12% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 20 | $42.5M | $38.2M | 0.22% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 11 | $44.7M | $36.8M | 0.40% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 8 | $34.8M | $30.1M | 0.27% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $26.4M | $24.5M | 0.05% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $24.0M | $24.0M | 0.11% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 5 | $23.2M | $23.1M | 0.03% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 19 | $26.3M | $23.0M | 0.05% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $23.9M | $22.8M | 0.12% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 3 | $17.0M | $17.2M | 0.16% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 4 | $17.8M | $17.0M | 0.15% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 9.81: safer than 81% of companies (71th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $123.90B |
| Debt barrier (short-term + ½ long-term debt) | $13.13B |
| Equity volatility (1 year) | 26.5% |
| Asset value / asset volatility (solved) | $136.48B / 24.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 110 bp spread prices in about 1.8% 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 = 5.23 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in MO'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 | 481 | $1.01B | 2 | $1.7M | 1 | $1.8M | 0 |
| 2026-06-30 | 2,538 | $75.53B | 39 | $881.9M | 39 | $1.03B | 2 |
| 2026-03-31 | 2,458 | $55.08B | 32 | $763.7M | 33 | $929.1M | 0 |
| 2025-12-31 | 2,356 | $58.87B | 30 | $723.4M | 31 | $765.7M | 1 |
| 2025-09-30 | 2,313 | $67.50B | 39 | $958.6M | 34 | $785.7M | 1 |
| 2025-06-30 | 2,229 | $59.84B | 39 | $721.4M | 40 | $832.5M | 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.