Planet Labs PBC bonds PL
Who owns Planet Labs PBC'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. PL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 743674BD4 | 4.3% fixed | 2028-09-30 | USD | 98.80 | 4.89% | 66 bp | 4 | $9.0M | Jul 2026 |
| 74368CBY9 | 5.215% fixed | 2029-06-12 | USD | 100.78 | 4.92% | 66 bp | 3 | $665K | Jul 2026 |
| 74368CCC6 | 4.803% fixed | 2030-06-05 | USD | 99.12 | 5.05% | 76 bp | 4 | $34.4M | Jul 2026 |
| 74368CAY0 | 1.737% fixed | 2030-09-21 | USD | 87.71 | 5.06% | 76 bp | 2 | $1.6M | Jul 2026 |
| 72703XAA4 convertible | 0.5% fixed | 2030-10-15 | USD | 195.26 | — | — | 8 | $39.5M | Jul 2026 |
| 743674AY9 | 8.45% fixed | 2039-10-15 | USD | 119.05 | 6.30% | 154 bp | 3 | $730K | 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 | 6 | $85.9M | 99.95 | 5.05% | 76 bp | 8 |
| Jun 2026 | 6 | $127.1M | 100.54 | 4.84% | 67 bp | 8 |
| May 2026 | 6 | $64.0M | 99.90 | 4.83% | 72 bp | 6 |
| Apr 2026 | 6 | $115.2M | 100.91 | 4.76% | 87 bp | 9 |
| Mar 2026 | 7 | $135.7M | 100.09 | 4.78% | 98 bp | 9 |
| Feb 2026 | 7 | $63.2M | 102.02 | 4.28% | 66 bp | 6 |
| Jan 2026 | 7 | $136.1M | 101.40 | 4.44% | 72 bp | 14 |
| Dec 2025 | 8 | $138.5M | 100.96 | 4.40% | 75 bp | 9 |
| Nov 2025 | 8 | $71.7M | 101.14 | 4.31% | 66 bp | 6 |
| Oct 2025 | 8 | $121.6M | 100.86 | 4.43% | 80 bp | 13 |
| Sep 2025 | 8 | $142.0M | 101.04 | 4.36% | 73 bp | 14 |
| Aug 2025 | 7 | $61.5M | 100.32 | 4.33% | 61 bp | 7 |
| Jul 2025 | 7 | $63.4M | 100.31 | 4.64% | 70 bp | 7 |
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. 10 added, 11 cut, 2 new holders and 12 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 | $27.9M | $28.6M | $0 |
| BBH Limited Duration Fund BBH Trust | 2026-07-31 | $28.3M | $28.0M | $0 |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $6.9M | $20.2M | $965K |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $20.0M | $20.1M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $9.6M | $18.7M | $1.7M |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $5.1M | $15.0M | -$1.9M |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $7.2M | $14.2M | -$2.5M |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $3.0M | $13.0M | -$490K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.2M | $12.8M | -$1.9M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $10.9M | $10.8M | $0 |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $10.9M | $10.8M | $0 |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $8.8M | $8.8M | $0 |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $7.9M | $7.8M | $0 |
| Lord Abbett Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $6.0M | $7.2M | $0 |
| THE HARTFORD SHORT DURATION FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $5.9M | $5.8M | $0 |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $1.1M | $4.9M | -$340K |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $1.0M | $4.6M | new |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $4.5M | $4.4M | $0 |
| JNL Multi-Manager Alternative Fund JNL Series Trust | 2026-06-30 | $1.4M | $4.3M | $498K |
| PIMCO Investment Grade Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $4.8M | $4.2M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $4.1M | $4.0M | $365K |
| Putnam Convertible Securities Fund | 2026-07-31 | $1.8M | $3.6M | -$690K |
| Invesco Convertible Securities Fund AIM Growth Series (Invesco Growth Series) | 2026-06-30 | $1.2M | $3.5M | -$250K |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $3.0M | $3.0M | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $3.0M | $2.8M | $995K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): SIIT INTERMEDIATE DURATION CREDIT FUND ($7.4M), PIMCO Moderate Duration Portfolio ($3.0M), JNL/WMC Balanced Fund ($2.8M), Allspring Short-Term Bond Plus Fund ($2.4M), SIMT Core Fixed Income Fund ($2.2M), Nomura VIP Limited-Term Bond Series ($1.4M), American Beacon SSI Alternative Income Fund ($699K), HARTFORD BALANCED HLS FUND ($510K), Ultra Short Income Portfolio ($350K), Global Atlantic Wellington Research Managed Risk Portfolio ($150K).
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 |
|---|---|---|---|---|---|
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $6.9M | $20.2M | 0.33% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $9.6M | $18.7M | 0.26% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $13.2M | $12.8M | 0.06% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 1 | $7.9M | $7.8M | 0.11% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $4.1M | $4.0M | 0.02% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $3.0M | $2.8M | 0.01% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 4 | $685K | $652K | 0.01% |
| FCVT First Trust SSI Strategic Convertible Securities ETF | 2026-07-31 | 1 | $289K | $565K | 0.56% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 1 | $372K | $368K | 0.00% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 1 | $249K | $296K | 0.01% |
| DFSB Dimensional Global Sustainability Fixed Income ETF | 2026-07-31 | 1 | $234K | $279K | 0.04% |
| DGCB Dimensional Global Credit ETF | 2026-07-31 | 1 | $130K | $155K | 0.01% |
| AFIX Allspring Broad Market Core Bond ETF | 2026-05-31 | 1 | $150K | $152K | 0.07% |
| CPLS AB Core Plus Bond ETF | 2026-05-31 | 1 | $150K | $150K | 0.07% |
| EUSB iShares ESG Advanced Universal USD Bond ETF | 2026-05-31 | 1 | $80K | $79K | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.10: safer than 26% of companies (24th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-07-31.
| Equity value | $4.66B |
| Debt barrier (short-term + ½ long-term debt) | $224.1M |
| Equity volatility (1 year) | 92.3% |
| Asset value / asset volatility (solved) | $4.87B / 88.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 76 bp spread prices in about 1.3% 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 = 1.66 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in PL'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 | $27.5M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 473 | $8.42B | 24 | $282.4M | 26 | $772.9M | 0 |
| 2026-03-31 | 411 | $5.66B | 21 | $278.5M | 27 | $559.4M | 0 |
| 2025-12-31 | 348 | $3.97B | 18 | $132.4M | 16 | $353.9M | 0 |
| 2025-09-30 | 279 | $2.60B | 18 | $60.4M | 13 | $112.2M | 0 |
| 2025-06-30 | 235 | $972.9M | 10 | $7.3M | 14 | $30.7M | 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.