Phillips 66 bonds PSX
Who owns Phillips 66'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. PSX 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 |
|---|---|---|---|---|---|---|---|---|---|
| 718547AF9 | 3.55% fixed | 2026-10-01 | USD | 99.87 | 4.31% | 58 bp | 6 | $21.2M | Jul 2026 |
| 718547AT9 | 4.95% fixed | 2027-12-01 | USD | 100.46 | 4.59% | 48 bp | 11 | $38.6M | Jul 2026 |
| 718547AH5 | 3.75% fixed | 2028-03-01 | USD | 98.65 | 4.64% | 49 bp | 8 | $6.8M | Jul 2026 |
| 718546AR5 | 3.9% fixed | 2028-03-15 | USD | 98.80 | 4.67% | 52 bp | 13 | $36.2M | Jul 2026 |
| 718547AK8 | 3.15% fixed | 2029-12-15 | USD | 94.86 | 4.82% | 54 bp | 12 | $31.4M | Jul 2026 |
| 718546AW4 | 2.15% fixed | 2030-12-15 | USD | 89.10 | 4.95% | 64 bp | 14 | $14.3M | Jul 2026 |
| 718547AU6 | 5.25% fixed | 2031-06-15 | USD | 101.06 | 5.00% | 67 bp | 11 | $13.5M | Jul 2026 |
| 718547AR3 | 5.3% fixed | 2033-06-30 | USD | 100.07 | 5.29% | 83 bp | 12 | $16.7M | Jul 2026 |
| 718546AK0 | 4.65% fixed | 2034-11-15 | USD | 95.14 | 5.38% | 86 bp | 9 | $12.5M | Jul 2026 |
| 718547AY8 | 4.95% fixed | 2035-03-15 | USD | 97.04 | 5.38% | 85 bp | 9 | $12.4M | Jul 2026 |
| 718546AH7 | 5.875% fixed | 2042-05-01 | USD | 98.52 | 6.02% | 113 bp | 12 | $23.4M | Jul 2026 |
| 718546AL8 | 4.875% fixed | 2044-11-15 | USD | 85.89 | 6.17% | 115 bp | 6 | $4.5M | Jul 2026 |
| 718547AM4 | 4.68% fixed | 2045-02-15 | USD | 82.81 | 6.26% | 122 bp | 7 | $2.1M | Jul 2026 |
| 718547AN2 | 4.9% fixed | 2046-10-01 | USD | 87.22 | 6.00% | 104 bp | 1 | $218K | Jun 2026 |
| 718547AP7 | 4.9% fixed | 2046-10-01 | USD | 84.44 | 6.27% | 116 bp | 6 | $2.3M | Jul 2026 |
| 718546BA1 | 3.3% fixed | 2052-03-15 | USD | 62.50 | 6.26% | 115 bp | 6 | $1.5M | Jul 2026 |
| 718547AW2 | 5.65% fixed | 2054-06-15 | USD | 91.04 | 6.34% | 124 bp | 4 | $1.1M | Jul 2026 |
| 718547AX0 | 5.5% fixed | 2055-03-15 | USD | 89.31 | 6.31% | 121 bp | 5 | $1.2M | Jul 2026 |
| 718547AZ5 | 5.875% fixed | 2056-03-15 | USD | 98.81 | 5.96% | 86 bp | 26 | $128.2M | Jul 2026 |
| 718547BA9 | 6.2% fixed | 2056-03-15 | USD | 99.53 | 6.23% | 113 bp | 25 | $37.7M | 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 | 19 | $405.7M | 97.04 | 5.67% | 86 bp | 26 |
| Jun 2026 | 20 | $918.2M | 97.70 | 5.75% | 96 bp | 43 |
| May 2026 | 29 | $831.9M | 99.80 | 5.43% | 77 bp | 33 |
| Apr 2026 | 23 | $459.3M | 99.04 | 5.46% | 92 bp | 26 |
| Mar 2026 | 30 | $1.74B | 99.43 | 5.86% | 113 bp | 46 |
| Feb 2026 | 20 | $720.5M | 99.76 | 4.77% | 74 bp | 32 |
| Jan 2026 | 20 | $464.3M | 99.45 | 5.00% | 87 bp | 32 |
| Dec 2025 | 21 | $886.6M | 98.90 | 5.02% | 94 bp | 46 |
| Nov 2025 | 20 | $683.1M | 98.93 | 4.91% | 88 bp | 27 |
| Oct 2025 | 20 | $486.6M | 99.12 | 4.99% | 99 bp | 30 |
| Sep 2025 | 21 | $880.6M | 98.85 | 5.03% | 97 bp | 43 |
| Aug 2025 | 19 | $543.2M | 97.95 | 5.14% | 94 bp | 22 |
| Jul 2025 | 19 | $326.0M | 97.03 | 5.26% | 93 bp | 14 |
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. 85 added, 64 cut, 16 new holders and 46 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $181.8M | $174.7M | $21.8M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $163.8M | $160.0M | $19.6M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $130.0M | $131.0M | -$12.6M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $87.5M | $85.5M | $23.3M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $72.5M | $68.3M | -$955K |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $63.1M | $58.5M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $55.5M | $55.3M | -$5.8M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $57.8M | $53.3M | -$16.4M |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $52.3M | $52.2M | $43.3M |
| Frost Total Return Bond Fund Frost Family of Funds | 2026-07-31 | $41.0M | $40.5M | $16.0M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $38.5M | $36.9M | $0 |
| Cohen & Steers Preferred Securities & Income Fund, Inc. COHEN & STEERS PREFERRED SECURITIES & INCOME FUND, INC. | 2026-06-30 | $36.6M | $36.6M | -$30.4M |
| Spectrum Preferred and Capital Securities Income Fund Principal Funds, Inc | 2026-05-31 | $35.6M | $35.7M | $7.6M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $30.7M | $30.8M | $2.8M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $30.0M | $28.3M | -$1.7M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $28.2M | $27.9M | $0 |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $26.6M | $26.1M | -$9.7M |
| T. Rowe Price Ultra Short-Term Bond Fund T. ROWE PRICE SHORT-TERM BOND FUND, INC. | 2026-05-31 | $25.6M | $25.6M | new |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $25.3M | $25.3M | $2.7M |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $26.1M | $24.7M | $0 |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $24.4M | $23.8M | $0 |
| AST Multi-Sector Fixed Income Portfolio Advanced Series Trust | 2026-06-30 | $25.0M | $23.2M | -$24.7M |
| PGIM Short-Term Corporate Bond Fund Prudential Short-Term Corporate Bond Fund, Inc. | 2026-06-30 | $22.9M | $22.8M | $0 |
| Principal Spectrum Preferred Securities Active ETF Principal Exchange-Traded Funds | 2026-06-30 | $22.9M | $22.8M | $5.1M |
| Bramshill Income Performance Fund Advisor Managed Portfolios | 2026-06-30 | $22.3M | $22.4M | -$1.0M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO Enhanced Short Maturity Active Exchange-Traded Fund ($195.1M), PIMCO CommoditiesPLUS Strategy Fund ($84.5M), PIMCO Short-Term Fund ($71.4M), PIMCO Low Duration Income Fund ($68.0M), PIMCO Short-Term Floating NAV Portfolio III ($55.1M), Invesco Ultra Short Duration ETF ($52.5M), PIMCO Total Return Fund ($47.4M), PIMCO International Bond Fund (U.S. Dollar-Hedged) ($44.0M), PIMCO Short-Term Floating NAV Portfolio II ($41.3M), PIMCO StocksPLUS Fund ($35.8M).
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 | 15 | $181.8M | $174.7M | 0.04% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 5 | $130.0M | $131.0M | 0.19% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $87.5M | $85.5M | 0.17% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 18 | $72.5M | $68.3M | 0.05% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $57.8M | $53.3M | 0.18% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $30.7M | $30.8M | 0.17% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 18 | $30.0M | $28.3M | 0.16% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 6 | $26.6M | $26.1M | 0.24% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 5 | $25.3M | $25.3M | 0.22% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 4 | $26.1M | $24.7M | 0.35% |
| PREF Principal Spectrum Preferred Securities Active ETF | 2026-06-30 | 2 | $22.9M | $22.8M | 1.29% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $23.8M | $22.2M | 0.24% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $21.2M | $21.3M | 0.04% |
| VRP Invesco Variable Rate Preferred ETF | 2026-05-31 | 2 | $20.8M | $20.8M | 0.72% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $21.4M | $20.6M | 0.09% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.44: safer than 75% of companies (81th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $116.56B |
| Debt barrier (short-term + ½ long-term debt) | $11.18B |
| Equity volatility (1 year) | 31.5% |
| Asset value / asset volatility (solved) | $127.27B / 28.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 86 bp spread prices in about 1.4% 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'' = 3.41 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in PSX'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 | 433 | $1.01B | 2 | $3.3M | 1 | $26K | 0 |
| 2026-06-30 | 2,093 | $51.81B | 32 | $452.3M | 36 | $484.5M | 1 |
| 2026-03-31 | 2,112 | $45.40B | 34 | $495.1M | 36 | $603.2M | 1 |
| 2025-12-31 | 1,886 | $38.60B | 38 | $448.3M | 35 | $414.9M | 1 |
| 2025-09-30 | 1,828 | $40.66B | 40 | $401.4M | 36 | $501.8M | 1 |
| 2025-06-30 | 1,754 | $36.16B | 46 | $423.5M | 42 | $457.7M | 1 |
Officials trading PSX bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2025-01-10 | David Harold McCormick | purchase | PHILLIPS 66 NOTE Rate/Coupon: 4.65% Matures: 11/15/2034 | $250,001 - $500,000 | filing |
| 2025-01-10 | Dave McCormick | purchase | PHILLIPS 66 NOTE Rate/Coupon: 4.65% Matures: 11/15/2034 | $250,001 - $500,000 | filing |
| 2023-06-22 | John Fetterman | purchase | Phillips 66 Partners LP Note Rate/Coupon: 3.15% Matures: 12/15/2029 | $1,001 - $15,000 | 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.