Qnity Electronics, Inc. bonds Q
Who owns Qnity Electronics, 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. Q 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 |
|---|---|---|---|---|---|---|---|---|---|
| 74743LAA8 | 5.75% fixed | 2032-08-15 | USD | 99.38 | 5.87% | 148 bp | 59 | $146.3M | Jul 2026 |
| 74743LAB6 | 6.25% fixed | 2033-08-15 | USD | 100.50 | 6.16% | 170 bp | 59 | $92.9M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $35K | 100.66 | 6.13% | 161 bp | 1 |
| Jul 2026 | 2 | $239.1M | 99.94 | 6.02% | 159 bp | 59 |
| Jun 2026 | 2 | $299.2M | 101.19 | 5.78% | 148 bp | 129 |
| May 2026 | 2 | $165.2M | 101.37 | 5.76% | 147 bp | 54 |
| Apr 2026 | 2 | $241.9M | 101.67 | 5.70% | 160 bp | 65 |
| Mar 2026 | 2 | $286.3M | 100.69 | 5.88% | 186 bp | 132 |
| Feb 2026 | 2 | $164.0M | 103.10 | 5.46% | 158 bp | 54 |
| Jan 2026 | 2 | $240.8M | 102.55 | 5.56% | 158 bp | 74 |
| Dec 2025 | 2 | $295.6M | 103.03 | 5.48% | 158 bp | 142 |
| Nov 2025 | 2 | $155.9M | 103.15 | 5.47% | 159 bp | 55 |
| Oct 2025 | 2 | $231.4M | 102.24 | 5.62% | 177 bp | 77 |
| Sep 2025 | 2 | $311.0M | 101.51 | 5.75% | 186 bp | 148 |
| Aug 2025 | 2 | $116.8M | 102.51 | 5.59% | 155 bp | 54 |
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. 57 added, 46 cut, 8 new holders and 14 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 | $88.8M | $88.6M | $0 |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $55.0M | $55.6M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $35.1M | $35.0M | $3.4M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $30.6M | $30.9M | -$856K |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $25.4M | $25.3M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $23.8M | $24.1M | -$4.6M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $18.6M | $18.8M | $8.7M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $15.4M | $15.6M | $3.8M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $15.1M | $15.3M | -$515K |
| First Trust Smith Unconstrained Bond ETF First Trust Exchange-Traded Fund VIII | 2026-05-31 | $12.0M | $12.2M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $10.5M | $10.7M | $0 |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $10.5M | $10.5M | $0 |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $10.0M | $10.2M | $575K |
| Janus Henderson Balanced Fund Janus Investment Fund | 2026-06-30 | $10.0M | $10.0M | $0 |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $9.1M | $9.1M | $70K |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $8.4M | $8.4M | $0 |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $8.2M | $8.2M | $160K |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $7.7M | $7.6M | $0 |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $7.2M | $7.2M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $7.0M | $7.1M | $406K |
| Franklin High Yield Corporate ETF Franklin Templeton ETF Trust | 2026-06-30 | $6.8M | $6.9M | $1.1M |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $6.6M | $6.7M | $1.8M |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $6.3M | $6.4M | $0 |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $6.2M | $6.2M | $780K |
| Venerable High Yield Fund Venerable Variable Insurance Trust | 2026-06-30 | $5.8M | $5.9M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): MFS MULTIMARKET INCOME TRUST ($756K), PIMCO High Yield Spectrum Fund ($600K), T. Rowe Price Global Multi-Sector Bond Fund, Inc. ($465K), Columbia Variable Portfolio - Intermediate Bond Fund ($444K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($442K), T. Rowe Price Multi-Sector Income ETF ($251K), Columbia Total Return Bond Fund ($202K), State Street(R) Blackstone Senior Loan ETF ($177K), Blackstone Strategic Credit 2027 Term Fund ($113K), Systematic High Yield Bond Series ($100K).
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 | 2 | $35.1M | $35.0M | 0.12% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $23.8M | $24.1M | 0.15% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $18.6M | $18.8M | 0.17% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $15.4M | $15.6M | 0.21% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 2 | $12.0M | $12.2M | 0.37% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 2 | $6.8M | $6.9M | 0.58% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $5.4M | $5.4M | 0.16% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $5.2M | $5.2M | 0.04% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 2 | $4.2M | $4.3M | 0.05% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $3.5M | $3.5M | 0.15% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $3.1M | $3.2M | 0.14% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $3.1M | $3.2M | 0.12% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $2.0M | $2.0M | 0.00% |
| UBND VictoryShares Core Plus Bond ETF | 2026-06-30 | 2 | $1.8M | $1.8M | 0.09% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 2 | $1.6M | $1.7M | 0.13% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.95: safer than 48% of companies (47th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $24.96B |
| Debt barrier (short-term + ½ long-term debt) | $2.02B |
| Equity volatility (1 year) | 54.5% |
| Asset value / asset volatility (solved) | $26.90B / 50.6% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 159 bp spread prices in about 2.6% 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 = 2.96 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in Q'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 | 188 | $316.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,318 | $25.47B | 14 | $150.7M | 21 | $332.7M | 0 |
| 2026-03-31 | 1,153 | $13.98B | 11 | $155.4M | 15 | $205.0M | 0 |
| 2025-12-31 | 992 | $11.85B | 10 | $59.9M | 12 | $138.2M | 1 |
| 2025-09-30 | 1 | $12K | 0 | — | 0 | — | 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.