Regeneron Pharmaceuticals, Inc. bonds REGN
Who owns Regeneron Pharmaceuticals, 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. REGN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 75886FAE7 | 1.75% fixed | 2030-09-15 | USD | 87.93 | 5.02% | 72 bp | 21 | $30.2M | Jul 2026 |
| 75886FAF4 | 2.8% fixed | 2050-09-15 | USD | 57.89 | 6.18% | 108 bp | 8 | $3.7M | 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 | 2 | $33.9M | 72.92 | 5.60% | 90 bp | 21 |
| Jun 2026 | 2 | $113.9M | 74.67 | 5.32% | 75 bp | 44 |
| May 2026 | 2 | $112.8M | 74.70 | 5.28% | 71 bp | 30 |
| Apr 2026 | 2 | $30.5M | 74.52 | 5.24% | 84 bp | 20 |
| Mar 2026 | 2 | $116.5M | 74.57 | 5.23% | 90 bp | 44 |
| Feb 2026 | 2 | $142.0M | 76.15 | 4.92% | 73 bp | 32 |
| Jan 2026 | 2 | $34.6M | 75.36 | 5.03% | 75 bp | 25 |
| Dec 2025 | 2 | $133.3M | 75.16 | 5.04% | 81 bp | 48 |
| Nov 2025 | 2 | $137.4M | 76.13 | 4.91% | 74 bp | 32 |
| Oct 2025 | 2 | $34.7M | 75.73 | 4.97% | 84 bp | 27 |
| Sep 2025 | 2 | $136.5M | 75.21 | 5.03% | 84 bp | 51 |
| Aug 2025 | 2 | $147.1M | 73.70 | 5.18% | 86 bp | 31 |
| Jul 2025 | 2 | $41.8M | 73.27 | 5.28% | 84 bp | 24 |
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. 24 added, 14 cut, 4 new holders and 6 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 | $29.8M | $22.7M | $400K |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $25.0M | $22.2M | $6.0M |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $20.7M | $18.3M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $20.6M | $17.2M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $15.0M | $11.7M | $6.4M |
| Lord Abbett Core Plus Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $14.7M | $9.0M | $2.6M |
| Federated Hermes Total Return Bond Fund Federated Hermes Total Return Series, Inc. | 2026-05-31 | $14.1M | $8.6M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $10.6M | $8.4M | $70K |
| Invesco BulletShares 2030 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $8.4M | $7.5M | $400K |
| Franklin U.S. Core Bond ETF Franklin Templeton ETF Trust | 2026-06-30 | $8.0M | $7.1M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $7.9M | $7.0M | $0 |
| Franklin Total Return Fund Franklin Investors Securities Trust | 2026-07-31 | $7.5M | $6.6M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $7.1M | $6.3M | $125K |
| Lord Abbett Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $10.0M | $6.1M | -$7.4M |
| iShares iBonds Dec 2030 Term Corporate ETF iShares Trust | 2026-07-31 | $6.7M | $5.9M | $892K |
| LVIP Franklin Templeton Core Bond Fund LINCOLN VARIABLE INSURANCE PRODUCTS TRUST | 2026-06-30 | $6.5M | $5.7M | $0 |
| Capital World Bond Fund | 2026-06-30 | $5.9M | $5.3M | $0 |
| Lord Abbett Total Return Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $7.3M | $4.5M | $2.0M |
| Lord Abbett Core Fixed Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $7.1M | $4.3M | $2.1M |
| Federated Hermes Corporate Bond Fund Federated Hermes Investment Series Funds, Inc. | 2026-05-31 | $5.9M | $4.0M | $0 |
| SA Federated Hermes Corporate Bond Portfolio SUNAMERICA SERIES TRUST | 2026-07-31 | $5.1M | $3.3M | $0 |
| BlackRock Balanced Fund, Inc. | 2026-05-29 | $3.7M | $3.3M | -$370K |
| American Funds Global Balanced Fund | 2026-07-31 | $3.5M | $3.1M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.9M | $3.1M | -$595K |
| Putnam Core Bond Fund Putnam Funds Trust | 2026-07-31 | $3.4M | $3.0M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Bond Fund ($29.7M), Investment Grade Bond Fund ($7.1M), John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio ($3.5M), Brown Advisory Intermediate Income Fund ($1.6M), iShares ESG Aware U.S. Aggregate Bond ETF ($109K), Asset Allocation Fund ($56K).
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 | 2 | $29.8M | $22.7M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $25.0M | $22.2M | 0.04% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $15.0M | $11.7M | 0.04% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 2 | $10.6M | $8.4M | 0.01% |
| BSCU Invesco BulletShares 2030 Corporate Bond ETF | 2026-05-31 | 1 | $8.4M | $7.5M | 0.29% |
| FLCB Franklin U.S. Core Bond ETF | 2026-06-30 | 1 | $8.0M | $7.1M | 0.23% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $7.9M | $7.0M | 0.01% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $7.1M | $6.3M | 0.03% |
| IBDV iShares iBonds Dec 2030 Term Corporate ETF | 2026-07-31 | 1 | $6.7M | $5.9M | 0.18% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $3.9M | $3.1M | 0.02% |
| FLCO Franklin Investment Grade Corporate ETF | 2026-06-30 | 1 | $4.3M | $2.7M | 0.45% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $3.7M | $2.2M | 0.02% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $2.7M | $2.1M | 0.00% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 1 | $2.2M | $1.9M | 0.02% |
| SYSB iShares Systematic Bond ETF | 2026-07-31 | 1 | $1.8M | $1.6M | 0.14% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 13.63: safer than 90% of companies (88th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $80.61B |
| Debt barrier (short-term + ½ long-term debt) | $993.3M |
| Equity volatility (1 year) | 32.7% |
| Asset value / asset volatility (solved) | $81.57B / 32.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 90 bp spread prices in about 1.5% 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'' = 9.13 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in REGN'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 | 202 | $571.3M | 1 | $76K | 0 | — | 0 |
| 2026-06-30 | 1,321 | $54.50B | 29 | $996.7M | 31 | $992.6M | 0 |
| 2026-03-31 | 1,376 | $58.59B | 34 | $1.09B | 36 | $1.02B | 0 |
| 2025-12-31 | 1,368 | $66.82B | 35 | $1.22B | 41 | $2.11B | 1 |
| 2025-09-30 | 1,221 | $47.83B | 37 | $1.01B | 37 | $1.48B | 0 |
| 2025-06-30 | 1,181 | $46.14B | 43 | $953.9M | 38 | $1.14B | 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.