Ormat Technologies, Inc. bonds ORA
Who owns Ormat Technologies, 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. ORA 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 |
|---|---|---|---|---|---|---|---|---|---|
| 686688AB8 convertible | 2.5% fixed | 2027-07-15 | USD | 117.51 | — | — | 1 | $323K | Jul 2026 |
| 686688AF9 convertible | 0% none | 2031-03-15 | USD | 101.75 | — | — | 2 | $6.9M | Jul 2026 |
| 686688AD4 convertible | 1.5% fixed | 2031-03-15 | USD | 102.53 | — | — | 11 | $29.7M | 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 | 3 | $36.8M | 102.53 | — | — | 11 |
| Jun 2026 | 2 | $58.2M | 105.97 | — | — | 15 |
| May 2026 | 2 | $18.9M | 116.52 | — | — | 4 |
| Apr 2026 | 3 | $74.9M | 105.85 | — | — | 18 |
| Mar 2026 | 3 | $55.3M | 103.83 | — | — | 16 |
| Feb 2026 | 1 | $7.6M | 125.30 | — | — | 3 |
| Jan 2026 | 1 | $25.4M | 148.56 | — | — | 6 |
| Dec 2025 | 1 | $15.7M | 134.64 | — | — | 5 |
| Nov 2025 | 1 | $5.1M | 135.90 | — | — | 2 |
| Oct 2025 | 1 | $9.3M | 129.15 | — | — | 4 |
| Sep 2025 | 1 | $16.7M | 120.77 | — | — | 4 |
| Aug 2025 | 1 | $3.0M | 115.88 | — | — | 3 |
| Jul 2025 | 1 | $10.0M | 113.32 | — | — | 6 |
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. 11 added, 14 cut, 2 new holders and 14 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $17.4M | $17.8M | $4.2M |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $13.0M | $14.1M | $235K |
| Virtus Convertible Fund Virtus Strategy Trust | 2026-06-30 | $12.7M | $13.7M | $530K |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $11.9M | $12.9M | $1.0M |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $7.9M | $9.4M | new |
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $7.0M | $7.6M | $4.0M |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $5.8M | $6.9M | $3.2M |
| Miller Market Neutral Income Fund Miller Investment Trust | 2026-07-31 | $6.7M | $6.8M | $1.0M |
| Invesco Convertible Securities Fund AIM Growth Series (Invesco Growth Series) | 2026-06-30 | $3.0M | $3.3M | $0 |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $2.1M | $2.5M | $974K |
| Virtus Convertible & Income Fund | 2026-07-31 | $2.4M | $2.5M | -$1.2M |
| Virtus Convertible & Income Fund II | 2026-07-31 | $2.0M | $2.0M | -$940K |
| Virtus Equity & Convertible Income Fund | 2026-07-31 | $1.9M | $2.0M | -$935K |
| Virtus Dividend, Interest & Premium Strategy Fund | 2026-07-31 | $1.9M | $2.0M | -$1.0M |
| American Beacon SSI Alternative Income Fund AMERICAN BEACON FUNDS | 2026-06-30 | $1.7M | $1.9M | $1.1M |
| Virtus Diversified Income & Convertible Fund | 2026-07-31 | $1.5M | $1.5M | -$695K |
| Bancroft Fund Ltd | 2026-06-30 | $1.2M | $1.3M | $0 |
| Ellsworth Growth & Income Fund Ltd | 2026-06-30 | $1.2M | $1.3M | $0 |
| Gabelli Convertible & Income Securities Fund Inc | 2026-06-30 | $875K | $953K | $0 |
| Advent Convertible & Income Fund ADVENT CONVERTIBLE & INCOME FUND | 2026-07-31 | $913K | $942K | -$651K |
| THE HARTFORD STRATEGIC INCOME FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $685K | $703K | -$700K |
| Strategic Alternatives Fund GuideStone Funds | 2026-06-30 | $364K | $396K | $209K |
| BNY Mellon Core Plus Fund BNY Mellon Absolute Insight Funds, Inc. | 2026-07-31 | $275K | $323K | -$425K |
| Hartford Strategic Income ETF Hartford Funds Exchange-Traded Trust | 2026-07-31 | $175K | $180K | -$75K |
| Mercer Opportunistic Fixed Income Fund Mercer Funds | 2026-06-30 | $150K | $163K | -$50K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Calamos Market Neutral Income Fund ($9.5M), CALAMOS CONVERTIBLE & HIGH INCOME FUND ($5.0M), CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND ($4.8M), Calamos Convertible Fund ($4.8M), Calamos Dynamic Convertible & Income Fund ($4.0M), Lord Abbett High Yield Fund ($2.3M), Fidelity SAI Convertible Arbitrage Fund ($1.9M), WESTWOOD ALTERNATIVE INCOME FUND ($1.8M), Voya High Yield Portfolio ($1.1M), Voya High Yield Bond Fund ($750K).
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.
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.75: safer than 46% of companies (48th percentile in Utilities). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $5.32B |
| Debt barrier (short-term + ½ long-term debt) | $1.96B |
| Equity volatility (1 year) | 37.2% |
| Asset value / asset volatility (solved) | $7.20B / 27.5% |
| 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'' = 1.39 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ORA'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 | 37 | $16.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 423 | $5.84B | 13 | $125.0M | 13 | $246.2M | 15 |
| 2026-03-31 | 402 | $4.98B | 9 | $48.2M | 14 | $340.6M | 12 |
| 2025-12-31 | 389 | $5.62B | 9 | $106.3M | 13 | $263.1M | 31 |
| 2025-09-30 | 340 | $4.87B | 10 | $145.5M | 11 | $218.2M | 24 |
| 2025-06-30 | 316 | $4.42B | 10 | $40.0M | 9 | $206.5M | 28 |
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.