MP Materials Corp. bonds MP
Who owns MP Materials Corp.'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. MP 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 |
|---|---|---|---|---|---|---|---|---|---|
| 553368AC5 convertible | 3% fixed | 2030-03-01 | USD | 204.05 | — | — | 19 | $94.5M | 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 | $94.5M | 204.05 | — | — | 19 |
| Jun 2026 | 1 | $96.0M | 269.68 | — | — | 18 |
| May 2026 | 1 | $40.7M | 307.87 | — | — | 6 |
| Apr 2026 | 1 | $144.5M | 317.34 | — | — | 21 |
| Mar 2026 | 1 | $68.4M | 238.87 | — | — | 14 |
| Feb 2026 | 1 | $41.6M | 285.25 | — | — | 5 |
| Jan 2026 | 1 | $121.6M | 283.73 | — | — | 20 |
| Dec 2025 | 1 | $53.4M | 249.76 | — | — | 14 |
| Nov 2025 | 1 | $40.9M | 299.26 | — | — | 5 |
| Oct 2025 | 1 | $117.0M | 303.14 | — | — | 18 |
| Sep 2025 | 2 | $74.1M | 235.82 | — | — | 11 |
| Aug 2025 | 2 | $37.5M | 249.12 | — | — | 3 |
| Jul 2025 | 2 | $135.4M | 218.30 | — | — | 18 |
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. 7 added, 3 cut, 5 new holders and 2 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $18.3M | $37.2M | $3.4M |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $12.7M | $34.2M | $1.6M |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $10.0M | $20.4M | $0 |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $5.4M | $16.5M | $0 |
| Fidelity Advisor Multi-Asset Income Fund Fidelity School Street Trust | 2026-06-30 | $5.1M | $13.9M | new |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $4.0M | $12.3M | $0 |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $4.2M | $11.3M | $100K |
| Virtus Convertible Fund Virtus Strategy Trust | 2026-06-30 | $4.0M | $10.8M | $135K |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $2.8M | $7.6M | $0 |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $3.3M | $6.7M | $0 |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $2.0M | $6.2M | -$240K |
| Invesco Convertible Securities Fund AIM Growth Series (Invesco Growth Series) | 2026-06-30 | $2.2M | $6.1M | $0 |
| Lord Abbett Convertible Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $1.6M | $4.9M | -$1.1M |
| CALAMOS CONVERTIBLE & HIGH INCOME FUND | 2026-07-31 | $2.0M | $4.1M | $0 |
| Calamos Convertible Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $2.0M | $4.1M | $0 |
| CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND | 2026-07-31 | $1.8M | $3.6M | $0 |
| Ellsworth Growth & Income Fund Ltd | 2026-06-30 | $1.3M | $3.5M | $0 |
| Calamos Dynamic Convertible & Income Fund | 2026-07-31 | $1.5M | $3.1M | $0 |
| Bancroft Fund Ltd | 2026-06-30 | $1.1M | $3.0M | $0 |
| Putnam Convertible Securities Fund | 2026-07-31 | $1.1M | $2.3M | $0 |
| Franklin BSP Private Credit Fund | 2026-06-30 | $847K | $2.3M | $0 |
| Virtus Convertible & Income Fund | 2026-07-31 | $1.1M | $2.1M | $0 |
| WESTWOOD ALTERNATIVE INCOME FUND Ultimus Managers Trust | 2026-07-31 | $1.0M | $2.0M | $0 |
| Virtus Convertible & Income Fund II | 2026-07-31 | $835K | $1.7M | $0 |
| Virtus Equity & Convertible Income Fund | 2026-07-31 | $830K | $1.7M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Short Duration High Yield Fund ($2.7M), BNY Mellon Core Plus Fund ($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 |
|---|---|---|---|---|---|
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $18.3M | $37.2M | 0.52% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $12.7M | $34.2M | 0.55% |
| FCVT First Trust SSI Strategic Convertible Securities ETF | 2026-07-31 | 1 | $262K | $536K | 0.53% |
| NFLT Virtus Newfleet Multi-Sector Bond ETF | 2026-07-31 | 1 | $12K | $25K | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.87: safer than 36% of companies (41th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $6.95B |
| Debt barrier (short-term + ½ long-term debt) | $467.3M |
| Equity volatility (1 year) | 71.1% |
| Asset value / asset volatility (solved) | $7.40B / 66.8% |
| 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 = 2.99 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in MP'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 | 81 | $56.4M | 1 | $5.8M | 2 | $4.7M | 0 |
| 2026-06-30 | 745 | $7.98B | 33 | $938.3M | 36 | $3.26B | 0 |
| 2026-03-31 | 701 | $5.18B | 33 | $792.4M | 35 | $2.78B | 0 |
| 2025-12-31 | 710 | $5.89B | 37 | $1.21B | 38 | $3.08B | 1 |
| 2025-09-30 | 667 | $8.01B | 35 | $1.78B | 41 | $1.85B | 1 |
| 2025-06-30 | 479 | $4.40B | 26 | $485.2M | 35 | $745.9M | 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.