ArcelorMittal S.A. bonds MT
Who owns ArcelorMittal S.A.'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. MT 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 |
|---|---|---|---|---|---|---|---|---|---|
| 03938LBE3 | 6.55% fixed | 2027-11-29 | USD | 102.24 | 4.78% | 67 bp | 24 | $56.6M | Jul 2026 |
| YT8621195 | 3.13% fixed | 2028-12-13 | EUR | 99.44 | 3.37% | — | 4 | $9.5M | Jul 2026 |
| 03938LBC7 | 4.25% fixed | 2029-07-16 | USD | 98.48 | 4.81% | 55 bp | 8 | $6.0M | Jul 2026 |
| L0302D3D3 | 3.25% fixed | 2030-09-30 | EUR | 98.39 | 3.67% | — | 6 | $25.1M | Jul 2026 |
| L0302DM42 | 3.5% fixed | 2031-12-13 | EUR | 98.70 | 3.77% | — | 5 | $6.8M | Jul 2026 |
| 03938LBF0 | 6.8% fixed | 2032-11-29 | USD | 108.43 | 5.22% | 80 bp | 14 | $30.4M | Jul 2026 |
| 03938LBG8 | 6% fixed | 2034-06-17 | USD | 102.91 | 5.54% | 104 bp | 9 | $7.8M | Jul 2026 |
| 03938LBM5 | 5.375% fixed | 2036-05-19 | USD | 97.23 | 5.75% | 116 bp | 17 | $44.1M | Jul 2026 |
| 03938LAP9 | 7% fixed | 2039-10-15 | USD | 108.62 | 6.04% | 128 bp | 8 | $11.5M | Jul 2026 |
| 03938LAS3 | 6.75% fixed | 2041-03-01 | USD | 105.39 | 6.18% | 135 bp | 4 | $1.2M | Jul 2026 |
| 03938LBH6 | 6.35% fixed | 2054-06-17 | USD | 101.07 | 6.27% | 117 bp | 4 | $1.4M | 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 | 11 | $200.4M | 101.07 | 5.64% | 110 bp | 24 |
| Jun 2026 | 11 | $764.2M | 102.39 | 5.39% | 97 bp | 47 |
| May 2026 | 8 | $280.2M | 104.98 | 5.32% | 89 bp | 27 |
| Apr 2026 | 10 | $186.5M | 102.67 | 5.14% | 95 bp | 24 |
| Mar 2026 | 10 | $652.8M | 102.43 | 5.20% | 108 bp | 36 |
| Feb 2026 | 8 | $238.5M | 107.85 | 4.77% | 78 bp | 26 |
| Jan 2026 | 11 | $191.7M | 104.10 | 4.96% | 86 bp | 26 |
| Dec 2025 | 9 | $733.9M | 105.66 | 4.89% | 87 bp | 38 |
| Nov 2025 | 8 | $227.8M | 106.27 | 4.86% | 92 bp | 26 |
| Oct 2025 | 11 | $167.4M | 104.01 | 4.95% | 104 bp | 25 |
| Sep 2025 | 8 | $736.8M | 105.64 | 5.02% | 103 bp | 37 |
| Aug 2025 | 8 | $237.0M | 104.83 | 5.23% | 108 bp | 25 |
| Jul 2025 | 11 | $153.0M | 100.89 | 5.32% | 102 bp | 21 |
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. 68 added, 22 cut, 49 new holders and 18 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $113.0M | $119.3M | $15.2M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $91.0M | $96.6M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $82.4M | $86.2M | $13.9M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $60.8M | $63.8M | $12.3M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $58.9M | $60.6M | $16.1M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $55.0M | $60.4M | $0 |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $46.2M | $47.3M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $39.0M | $40.1M | $7.4M |
| American High Income Trust | 2026-06-30 | $27.0M | $29.4M | -$1.0M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $27.2M | $28.5M | $3.7M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $23.5M | $24.7M | $8.7M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $25.0M | $24.3M | new |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $19.0M | $18.8M | new |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $16.5M | $17.4M | $5.5M |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $15.9M | $16.6M | $6.4M |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $13.9M | $15.8M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.6M | $14.3M | $5.3M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $13.2M | $13.8M | $5.9M |
| DoubleLine Low Duration Bond Fund DoubleLine Funds Trust | 2026-06-30 | $13.9M | $13.7M | $2.1M |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $12.3M | $13.2M | $0 |
| Transamerica Short-Term Bond TRANSAMERICA FUNDS | 2026-07-31 | $12.9M | $13.2M | $0 |
| Franklin Income VIP Fund Franklin Templeton Variable Insurance Products Trust | 2026-06-30 | $12.0M | $13.2M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $11.8M | $12.9M | $0 |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $12.2M | $12.5M | $174K |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $11.4M | $12.3M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): DFA Short-Term Extended Quality Portfolio ($8.9M), Franklin Global Allocation Fund ($7.0M), AB Ultra Short Income ETF ($6.5M), T. Rowe Price Ultra Short-Term Bond Fund ($2.8M), EQ/Intermediate Corporate Bond Portfolio ($2.5M), Invesco Multi-Asset Income Fund ($680K), T. Rowe Price Ultra Short-Term Bond ETF ($627K), EQ/Invesco Moderate Growth Allocation Portfolio ($317K), Dunham International Opportunity Bond Fund ($305K), Transamerica Inflation Opportunities ($285K).
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 | 8 | $82.4M | $86.2M | 0.02% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $58.9M | $60.6M | 0.09% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $39.0M | $40.1M | 0.08% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 8 | $27.2M | $28.5M | 0.02% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $23.5M | $24.7M | 0.05% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $16.5M | $17.4M | 0.10% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $13.6M | $14.3M | 0.05% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 3 | $13.2M | $13.8M | 0.12% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $12.2M | $12.5M | 0.27% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 2 | $10.9M | $11.8M | 0.11% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 8 | $11.2M | $11.7M | 0.07% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $10.5M | $10.7M | 0.05% |
| PRIV State Street(R) IG Public & Private Credit ETF | 2026-07-31 | 3 | $9.7M | $9.8M | 1.17% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $8.6M | $9.3M | 0.10% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 1 | $8.8M | $9.0M | 0.10% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.06: safer than 49% of companies (56th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $47.30B |
| Debt barrier (short-term + ½ long-term debt) | $8.56B |
| Equity volatility (1 year) | 42.8% |
| Asset value / asset volatility (solved) | $55.50B / 36.5% |
| 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'' = 3.95 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in MT'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 | 34 | $6.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 315 | $2.24B | 17 | $113.3M | 18 | $105.1M | 0 |
| 2026-03-31 | 297 | $1.46B | 18 | $106.7M | 18 | $116.7M | 0 |
| 2025-12-31 | 279 | $1.31B | 18 | $143.0M | 19 | $203.0M | 0 |
| 2025-09-30 | 245 | $1.00B | 17 | $100.8M | 18 | $161.0M | 1 |
| 2025-06-30 | 229 | $926.3M | 18 | $107.8M | 21 | $106.7M | 0 |
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.