Netflix, Inc. bonds NFLX
Who owns Netflix, 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. NFLX 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 |
|---|---|---|---|---|---|---|---|---|---|
| 64110LAN6 | 4.375% fixed | 2026-11-15 | USD | 100.04 | 4.20% | 45 bp | 5 | $20.1M | Jul 2026 |
| XS2887844269 | 0% none | 2027-02-03 | USD | — | — | — | 1 | $1.0M | Jul 2026 |
| AN3034641 | 3.625% fixed | 2027-05-15 | EUR | 100.77 | 2.71% | — | 2 | $3.3M | Jun 2026 |
| U74079AK7 | 3.625% fixed | 2027-05-15 | EUR | 100.82 | 2.66% | — | 2 | $461K | Jun 2026 |
| 64110LAS5 | 4.875% fixed | 2028-04-15 | USD | 100.52 | 4.55% | 38 bp | 14 | $28.3M | Jul 2026 |
| 64110LAT3 | 5.875% fixed | 2028-11-15 | USD | 102.72 | 4.61% | 38 bp | 14 | $203.5M | Jul 2026 |
| AV1834432 | 4.625% fixed | 2029-05-15 | EUR | 104.37 | 3.06% | — | 1 | $6.8M | May 2026 |
| ACI1GLZT8 | 4.625% fixed | 2029-05-15 | EUR | 103.53 | 3.27% | — | 7 | $13.4M | Jul 2026 |
| U74079AS0 | 4.625% fixed | 2029-05-15 | EUR | 104.31 | 3.03% | — | 1 | $2.7M | Jun 2026 |
| 64110LAX4 | 6.375% fixed | 2029-05-15 | USD | 104.39 | 4.67% | 42 bp | 12 | $13.0M | Jul 2026 |
| ZS2929843 | 3.875% fixed | 2029-11-15 | EUR | 102.54 | 3.07% | — | 1 | $117K | Jun 2026 |
| ACI1BLJV6 | 3.875% fixed | 2029-11-15 | EUR | 101.37 | 3.42% | — | 8 | $37.6M | Jul 2026 |
| ZS2938422 | 3.875% fixed | 2029-11-15 | EUR | 102.39 | 3.11% | — | 2 | $7.7M | Jun 2026 |
| 64110LAU0 | 5.375% fixed | 2029-11-15 | USD | 101.79 | 4.78% | 51 bp | 11 | $16.9M | Jul 2026 |
| ZQ2339088 | 3.625% fixed | 2030-06-15 | EUR | 202.94 | — | — | 1 | $696K | Jun 2026 |
| ACI1GCPB8 | 3.625% fixed | 2030-06-15 | EUR | 100.46 | 3.49% | — | 6 | $18.9M | Jul 2026 |
| 64110LAV8 | 4.875% fixed | 2030-06-15 | USD | 99.69 | 4.96% | 67 bp | 4 | $6.1M | Jul 2026 |
| 64110LAZ9 | 4.9% fixed | 2034-08-15 | USD | 97.97 | 5.21% | 70 bp | 7 | $6.2M | Jul 2026 |
| 64110LBB1 | 5.25% fixed | 2036-08-15 | USD | 98.57 | 5.44% | 83 bp | 24 | $62.5M | Jul 2026 |
| 64110LBA3 | 5.4% fixed | 2054-08-15 | USD | 91.62 | 6.02% | 92 bp | 8 | $4.0M | 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 | 13 | $431.4M | 100.50 | 4.87% | 59 bp | 24 |
| Jun 2026 | 17 | $633.1M | 102.39 | 4.54% | 38 bp | 43 |
| May 2026 | 11 | $388.3M | 102.59 | 4.45% | 38 bp | 23 |
| Apr 2026 | 13 | $376.9M | 101.29 | 4.51% | 62 bp | 16 |
| Mar 2026 | 17 | $627.1M | 101.50 | 4.41% | 64 bp | 45 |
| Feb 2026 | 11 | $388.6M | 104.00 | 4.10% | 45 bp | 21 |
| Jan 2026 | 13 | $378.7M | 102.40 | 4.15% | 47 bp | 17 |
| Dec 2025 | 18 | $690.9M | 102.83 | 4.17% | 53 bp | 43 |
| Nov 2025 | 13 | $413.6M | 103.78 | 4.05% | 43 bp | 21 |
| Oct 2025 | 12 | $379.2M | 103.05 | 4.15% | 56 bp | 18 |
| Sep 2025 | 18 | $757.8M | 103.70 | 4.10% | 46 bp | 40 |
| Aug 2025 | 13 | $462.7M | 104.14 | 4.09% | 36 bp | 22 |
| Jul 2025 | 12 | $397.3M | 102.84 | 4.35% | 43 bp | 20 |
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. 54 added, 30 cut, 31 new holders and 16 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $159.0M | $163.4M | -$5.7M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $123.1M | $126.3M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $121.5M | $124.5M | $1.8M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $113.0M | $113.6M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $72.4M | $74.2M | -$1.0M |
| PGIM Ultra Short Bond ETF PGIM ETF Trust | 2026-05-29 | $50.1M | $50.7M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $37.3M | $38.4M | $98K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $36.4M | $37.5M | -$80K |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $34.1M | $33.6M | new |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $29.2M | $29.3M | $2.0M |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $26.5M | $27.2M | $6.7M |
| iShares iBonds Dec 2028 Term Corporate ETF iShares Trust | 2026-07-31 | $24.3M | $24.7M | $1.7M |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $21.0M | $24.5M | -$10.0M |
| Putnam Ultra Short Duration Income Fund Putnam Funds Trust | 2026-07-31 | $23.4M | $23.9M | $402K |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $18.0M | $21.0M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $20.2M | $20.6M | $400K |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $16.6M | $16.6M | $4.6M |
| Invesco BulletShares 2028 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $15.7M | $16.3M | $201K |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $16.3M | $16.2M | $878K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $15.2M | $15.5M | $1.0M |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $12.7M | $14.7M | $0 |
| iShares iBonds Dec 2026 Term Corporate ETF iShares Trust | 2026-07-31 | $14.2M | $14.2M | $3.5M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $14.0M | $14.1M | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $13.8M | $13.7M | $4.1M |
| JPMorgan Global Bond Opportunities Fund JPMorgan Trust I | 2026-05-31 | $10.0M | $10.2M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): JPMorgan Core Plus Bond Fund ($8.1M), THRIVENT INCOME FUND ($3.7M), VOYA INTERMEDIATE BOND FUND ($3.6M), AST J.P. Morgan Fixed Income Central Portfolio ($2.8M), NYLIM VP MacKay High Yield Corporate Bond Portfolio ($2.0M), JNL/PIMCO Investment Grade Credit Bond Fund ($1.4M), Multi-Manager Total Return Bond Strategies Fund ($1.1M), Avantis Short-Term Fixed Income ETF ($988K), THRIVENT CORE INVESTMENT GRADE CORPORATE BOND FUND ($500K), VictoryShares Core Plus Bond ETF ($416K).
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 | 5 | $121.5M | $124.5M | 0.03% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $72.4M | $74.2M | 0.15% |
| PULS PGIM Ultra Short Bond ETF | 2026-05-29 | 1 | $50.1M | $50.7M | 0.31% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 3 | $37.3M | $38.4M | 0.06% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $36.4M | $37.5M | 0.17% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $29.2M | $29.3M | 0.04% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 3 | $26.5M | $27.2M | 0.26% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 2 | $24.3M | $24.7M | 0.61% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 3 | $18.0M | $21.0M | 0.02% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 5 | $20.2M | $20.6M | 0.02% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $16.6M | $16.6M | 0.44% |
| BSCS Invesco BulletShares 2028 Corporate Bond ETF | 2026-05-31 | 1 | $15.7M | $16.3M | 0.47% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $16.3M | $16.2M | 0.05% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $15.2M | $15.5M | 0.09% |
| IBDR iShares iBonds Dec 2026 Term Corporate ETF | 2026-07-31 | 1 | $14.2M | $14.2M | 0.42% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 9.93: safer than 81% of companies (77th percentile in Communication Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $291.21B |
| Debt barrier (short-term + ½ long-term debt) | $8.40B |
| Equity volatility (1 year) | 36.8% |
| Asset value / asset volatility (solved) | $299.25B / 35.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 59 bp spread prices in about 1.0% 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'' = 6.15 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in NFLX'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 | 610 | $3.70B | 3 | $11.4M | 13 | $17.4M | 0 |
| 2026-06-30 | 3,352 | $231.81B | 94 | $13.16B | 134 | $14.21B | 1 |
| 2026-03-31 | 3,589 | $270.59B | 87 | $18.57B | 130 | $20.39B | 3 |
| 2025-12-31 | 3,511 | $308.18B | 82 | $19.49B | 100 | $14.65B | 0 |
| 2025-09-30 | 3,441 | $389.01B | 87 | $23.40B | 87 | $18.92B | 1 |
| 2025-06-30 | 3,438 | $448.33B | 81 | $26.76B | 85 | $22.90B | 1 |
Officials trading NFLX bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2026-03-02 | President Donald J. Trump | purchase | ***NETFLIX INC REG S DUE 11/15/2029 05.375%JD 15 DISCRETIONARY ORDER IF THIS CONFIRMATION | $500,001 - $1,000,000 | filing |
| 2026-01-20 | President Donald J. Trump | purchase | —NETFLIX INC REG S DUE 11/15/2029 05.375% JD 15 DISCRETIONARY ORDER IF THIS CONFIRMATION I | $100,001 - $250,000 | filing |
| 2026-01-02 | President Donald J. Trump | purchase | —NETFLIX INC REG S DUE 11/15/2029 05.375% JD 15 DISCRETIONARY ORDER IF THIS CONFIRMATION I | $500,001 - $1,000,000 | filing |
| 2025-12-16 | President Donald J. Trump | purchase | ***NETFLIX INC REG S DUE 11/15/2029 05.375% JD 15 DISCRETIONARY ORDER IF THIS CONFIRMATION | $250,001 - $500,000 | filing |
| 2025-12-12 | President Donald J. Trump | purchase | ***NETFLIX INC REG S DUE 11/15/2029 05.375% JD 15 DISCRETIONARY ORDER IF THIS CONFIRMATION | $250,001 - $500,000 | filing |
| 2025-11-04 | President Donald J. Trump | purchase | ***NETFLIX INC REG S DUE 11/15/2029 05.375% JD 15 DISCRETIONARY ORDER IF THIS CONFIRMATION | $100,001 - $250,000 | filing |
| 2022-05-19 | William R. Keating | sale full | Netflix Inc Series B Note 4.875% 04/15/2028 CALL MAKE WHOLE | $15,001 - $50,000 | filing |
| 2022-03-29 | Alan S. Lowenthal | purchase | Netflix Inc - Corporate Bond 03/01/2024 Interest 5.75% | $1,001 - $15,000 | filing |
| 2022-03-24 | Alan S. Lowenthal | purchase | Netflix Inc - Corporate Bond 5.75% | $15,001 - $50,000 | filing |
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.