NCR Atleos Corporation bonds NATL
Who owns NCR Atleos Corporation'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. NATL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 638962AA8 | 9.5% fixed | 2029-04-01 | USD | 106.10 | 6.95% | 270 bp | 49 | $219.7M | 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 | 1 | $219.7M | 106.10 | 6.95% | 270 bp | 49 |
| Jun 2026 | 1 | $228.2M | 106.65 | 6.80% | 266 bp | 88 |
| May 2026 | 1 | $151.6M | 106.95 | 6.76% | 273 bp | 40 |
| Apr 2026 | 1 | $254.9M | 106.41 | 7.03% | 321 bp | 54 |
| Mar 2026 | 1 | $233.7M | 107.07 | 6.85% | 312 bp | 93 |
| Feb 2026 | 1 | $154.5M | 107.36 | 6.81% | 328 bp | 41 |
| Jan 2026 | 1 | $259.0M | 107.17 | 6.93% | 331 bp | 60 |
| Dec 2025 | 1 | $260.3M | 108.58 | 6.52% | 295 bp | 101 |
| Nov 2025 | 1 | $163.2M | 108.14 | 6.73% | 315 bp | 44 |
| Oct 2025 | 1 | $259.1M | 108.01 | 6.83% | 328 bp | 59 |
| Sep 2025 | 1 | $270.0M | 108.30 | 6.80% | 322 bp | 100 |
| Aug 2025 | 1 | $156.3M | 108.40 | 6.82% | 311 bp | 45 |
| Jul 2025 | 1 | $270.0M | 108.36 | 6.88% | 300 bp | 62 |
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. 15 added, 27 cut, 8 new holders and 16 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Income Fund of America | 2026-07-31 | $60.0M | $63.6M | $0 |
| American High Income Trust | 2026-06-30 | $44.6M | $47.6M | $0 |
| Invesco BulletShares 2026 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $37.3M | $39.9M | $1.3M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $26.2M | $27.8M | $825K |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $18.4M | $19.6M | -$17.0M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $17.0M | $18.2M | -$4.9M |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $15.9M | $16.9M | -$10.4M |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $15.8M | $16.8M | -$1.5M |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $14.3M | $15.2M | $9.4M |
| American Funds Strategic Bond Fund | 2026-06-30 | $14.1M | $15.0M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $13.9M | $14.8M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $11.8M | $12.5M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.4M | $12.1M | $145K |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $11.2M | $11.9M | $0 |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $11.0M | $11.8M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $11.0M | $11.7M | $160K |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $11.0M | $11.7M | $0 |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $10.8M | $11.4M | $0 |
| Bond Fund of America | 2026-06-30 | $9.4M | $10.0M | $0 |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $9.0M | $9.5M | $0 |
| Senior Debt Portfolio | 2026-07-31 | $8.7M | $9.2M | $0 |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $6.8M | $7.3M | $0 |
| BlackRock Credit Relative Value Fund BlackRock Funds IV | 2026-07-31 | $6.8M | $7.2M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.1M | $6.5M | -$1.2M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.0M | $6.4M | -$235K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Columbia High Yield Bond Fund ($4.2M), BlackRock Systematic Multi-Strategy Fund ($3.8M), Columbia Variable Portfolio - Income Opportunities Fund ($2.4M), Columbia Income Opportunities Fund ($1.7M), The Hartford World Bond Fund ($975K), Columbia Total Return Bond Fund ($855K), SIIT HIGH YIELD BOND FUND ($735K), Oaktree Diversified Income Fund Inc. ($710K), Columbia Select Corporate Income Fund ($705K), WisdomTree U.S. High Yield Corporate Bond Fund ($703K).
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 |
|---|---|---|---|---|---|
| BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $37.3M | $39.9M | 3.88% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $26.2M | $27.8M | 0.10% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $17.0M | $18.2M | 0.11% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $11.4M | $12.1M | 0.11% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $11.2M | $11.9M | 0.16% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $6.1M | $6.5M | 0.09% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $6.0M | $6.4M | 0.13% |
| YLD Principal Active High Yield ETF | 2026-06-30 | 1 | $4.8M | $5.1M | 0.90% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $4.4M | $4.7M | 0.36% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $4.0M | $4.3M | 0.12% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $3.5M | $3.7M | 0.04% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $2.8M | $3.0M | 0.06% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $2.7M | $2.9M | 0.13% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $2.4M | $2.5M | 0.51% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 1 | $1.9M | $2.0M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.63: safer than 63% of companies (63th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.38B |
| Debt barrier (short-term + ½ long-term debt) | $1.44B |
| Equity volatility (1 year) | 26.0% |
| Asset value / asset volatility (solved) | $4.76B / 18.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 270 bp spread prices in about 4.5% 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'' = 0.98 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in NATL'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 | 32 | $2.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 348 | $3.02B | 2 | $230K | 4 | $894K | 0 |
| 2026-03-31 | 346 | $2.54B | 4 | $1.2M | 8 | $6.8M | 0 |
| 2025-12-31 | 330 | $2.67B | 4 | $1.9M | 8 | $8.6M | 0 |
| 2025-09-30 | 304 | $2.76B | 8 | $4.3M | 8 | $8.4M | 0 |
| 2025-06-30 | 281 | $2.05B | 8 | $9.7M | 5 | $4.3M | 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.