Open Text Corporation bonds OTEX
Who owns Open Text 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. OTEX 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 |
|---|---|---|---|---|---|---|---|---|---|
| 683715AF3 | 6.9% fixed | 2027-12-01 | USD | 102.00 | 5.32% | 122 bp | 31 | $89.5M | Jul 2026 |
| ZP8525187 | 3.875% fixed | 2028-02-15 | USD | 97.49 | 5.59% | 145 bp | 1 | $390K | Jul 2026 |
| 683715AC0 | 3.875% fixed | 2028-02-15 | USD | 97.52 | 5.58% | 144 bp | 31 | $138.1M | Jul 2026 |
| 683715AD8 | 3.875% fixed | 2029-12-01 | USD | 92.07 | 6.56% | 229 bp | 34 | $98.8M | Jul 2026 |
| BS3919278 | 3.875% fixed | 2029-12-01 | USD | 91.97 | 6.59% | 232 bp | 1 | $360K | Jul 2026 |
| BL4811990 | 0% fixed | 2030-01-31 | USD | — | — | — | 2 | $369K | Jun 2026 |
| ZP8525229 | 4.125% fixed | 2030-02-15 | USD | 92.25 | 6.61% | 233 bp | 1 | $417K | Jul 2026 |
| 683720AA4 | 4.125% fixed | 2030-02-15 | USD | 92.27 | 6.61% | 233 bp | 47 | $110.0M | Jul 2026 |
| 683720AC0 | 4.125% fixed | 2031-12-01 | USD | 88.25 | 6.78% | 243 bp | 52 | $59.7M | Jul 2026 |
| BS3886238 | 4.125% fixed | 2031-12-01 | USD | 88.24 | 6.79% | 244 bp | 1 | $259K | 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 | 9 | $497.6M | 92.25 | 6.59% | 232 bp | 52 |
| Jun 2026 | 6 | $441.6M | 91.95 | 6.54% | 238 bp | 76 |
| May 2026 | 5 | $136.9M | 91.89 | 6.50% | 244 bp | 25 |
| Apr 2026 | 9 | $505.8M | 90.21 | 7.01% | 315 bp | 47 |
| Mar 2026 | 6 | $431.2M | 89.44 | 7.20% | 342 bp | 70 |
| Feb 2026 | 5 | $158.3M | 90.12 | 6.84% | 308 bp | 26 |
| Jan 2026 | 9 | $543.2M | 92.91 | 5.98% | 230 bp | 47 |
| Dec 2025 | 6 | $400.3M | 95.62 | 5.32% | 167 bp | 74 |
| Nov 2025 | 5 | $221.9M | 95.34 | 5.33% | 171 bp | 35 |
| Oct 2025 | 9 | $607.6M | 95.48 | 5.32% | 171 bp | 50 |
| Sep 2025 | 6 | $383.1M | 94.78 | 5.35% | 173 bp | 61 |
| Aug 2025 | 5 | $217.1M | 94.39 | 5.39% | 164 bp | 34 |
| Jul 2025 | 9 | $662.0M | 93.70 | 5.55% | 164 bp | 49 |
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. 59 added, 56 cut, 26 new holders and 21 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $91.4M | $85.8M | -$26.2M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $76.9M | $72.8M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $63.8M | $59.2M | $4.2M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $43.7M | $40.4M | -$2.3M |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $32.2M | $32.0M | $0 |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $29.6M | $28.6M | $3.4M |
| Victory Core Plus Intermediate Bond Fund Victory Portfolios III | 2026-07-31 | $27.9M | $28.5M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $26.5M | $24.4M | $5.5M |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $25.5M | $23.4M | -$16.6M |
| Thornburg Limited Term Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $22.7M | $23.2M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $23.6M | $22.2M | -$140K |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $22.6M | $22.0M | $10.1M |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $23.2M | $22.0M | $2.5M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $21.8M | $20.9M | $0 |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $21.5M | $20.1M | -$200K |
| Performance Trust Total Return Bond Fund Trust for Professional Managers | 2026-05-31 | $19.9M | $18.3M | $0 |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $17.1M | $16.5M | $0 |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $14.5M | $13.5M | $420K |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $13.9M | $12.6M | $0 |
| Victory Short-Term Bond Fund Victory Portfolios III | 2026-07-31 | $11.4M | $11.7M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $12.8M | $11.6M | $1.5M |
| JNL/PPM America High Yield Bond Fund JNL Series Trust | 2026-06-30 | $12.0M | $11.5M | $109K |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $12.0M | $11.0M | -$660K |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $10.5M | $10.3M | -$3.3M |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $10.7M | $10.2M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares High Yield Systematic Bond ETF ($12.0M), Allspring Short-Term High Income Fund ($9.2M), Hartford Dynamic Bond Fund ($4.8M), AB Short Duration High Yield ETF ($1.2M), Strategic Bond Fund ($866K), High Yield Fund ($820K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($744K), AB GLOBAL BOND FUND, INC. ($653K), Symmetry Panoramic US Systematic Fixed Income Fund ($600K), Symmetry Panoramic Global Systematic Fixed Income Fund ($548K).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 4 | $63.8M | $59.2M | 0.21% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 4 | $43.7M | $40.4M | 0.25% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 4 | $26.5M | $24.4M | 0.22% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 3 | $23.6M | $22.2M | 0.29% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $14.5M | $13.5M | 0.28% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $12.8M | $11.6M | 0.16% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 3 | $12.0M | $11.0M | 1.00% |
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 1 | $9.8M | $10.0M | 0.45% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 4 | $9.9M | $9.1M | 0.26% |
| UBND VictoryShares Core Plus Bond ETF | 2026-06-30 | 1 | $7.4M | $7.6M | 0.39% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 1 | $6.7M | $6.9M | 0.21% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 4 | $6.9M | $6.3M | 0.27% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 2 | $6.5M | $6.2M | 0.37% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 4 | $6.1M | $5.6M | 0.22% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $5.4M | $5.5M | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.35: safer than 41% of companies (40th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $6.24B |
| Debt barrier (short-term + ½ long-term debt) | $2.90B |
| Equity volatility (1 year) | 38.0% |
| Asset value / asset volatility (solved) | $9.02B / 26.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 232 bp spread prices in about 3.9% 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'' = 1.15 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in OTEX'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 | 13 | $39.2M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 263 | $4.48B | 11 | $7.1M | 13 | $12.9M | 0 |
| 2026-03-31 | 278 | $3.92B | 8 | $6.8M | 8 | $4.8M | 0 |
| 2025-12-31 | 296 | $5.93B | 7 | $2.0M | 9 | $8.2M | 1 |
| 2025-09-30 | 276 | $6.85B | 7 | $4.0M | 14 | $23.9M | 1 |
| 2025-06-30 | 267 | $5.34B | 7 | $6.1M | 11 | $15.6M | 1 |
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.