Safehold Inc. bonds SAFE
Who owns Safehold 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. SAFE 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 |
|---|---|---|---|---|---|---|---|---|---|
| 78646UAA7 | 2.8% fixed | 2031-06-15 | USD | 89.44 | 5.29% | 96 bp | 11 | $11.1M | Jul 2026 |
| 78646UAB5 | 2.85% fixed | 2032-01-15 | USD | 88.26 | 5.36% | 100 bp | 10 | $22.5M | Jul 2026 |
| 785931AA4 | 6.1% fixed | 2034-04-01 | USD | 103.05 | 5.60% | 111 bp | 14 | $35.0M | Jul 2026 |
| 785931AB2 | 5.65% fixed | 2035-01-15 | USD | 99.12 | 5.78% | 126 bp | 4 | $1.5M | 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 | 4 | $70.0M | 94.28 | 5.48% | 106 bp | 14 |
| Jun 2026 | 4 | $168.1M | 95.80 | 5.22% | 92 bp | 25 |
| May 2026 | 4 | $80.0M | 95.86 | 5.17% | 90 bp | 14 |
| Apr 2026 | 4 | $72.5M | 96.18 | 5.13% | 104 bp | 14 |
| Mar 2026 | 4 | $192.2M | 95.92 | 5.13% | 111 bp | 24 |
| Feb 2026 | 4 | $82.8M | 98.33 | 4.71% | 84 bp | 14 |
| Jan 2026 | 4 | $73.0M | 97.40 | 4.94% | 96 bp | 13 |
| Dec 2025 | 4 | $189.0M | 97.35 | 4.98% | 108 bp | 24 |
| Nov 2025 | 4 | $87.2M | 97.56 | 4.99% | 112 bp | 14 |
| Oct 2025 | 4 | $69.6M | 97.12 | 5.12% | 128 bp | 13 |
| Sep 2025 | 4 | $181.6M | 96.89 | 5.13% | 122 bp | 23 |
| Aug 2025 | 4 | $94.1M | 96.20 | 5.25% | 122 bp | 14 |
| Jul 2025 | 4 | $81.6M | 94.64 | 5.41% | 122 bp | 15 |
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. 15 added, 18 cut, 2 new holders and 0 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $42.2M | $38.2M | -$24.7M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $34.5M | $32.5M | $2.0M |
| Fidelity Real Estate Income Fund Fidelity Securities Fund | 2026-07-31 | $32.3M | $30.8M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $25.6M | $24.0M | $1.3M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $18.3M | $17.2M | $0 |
| Fidelity SAI Real Estate Income Fund Fidelity Securities Fund | 2026-07-31 | $15.4M | $14.7M | $0 |
| EQ/Intermediate Corporate Bond Portfolio EQ Advisors Trust | 2026-06-30 | $14.0M | $14.2M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $13.9M | $13.3M | $285K |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $10.8M | $10.4M | $265K |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $8.0M | $7.6M | $960K |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $6.6M | $6.3M | -$245K |
| PIMCO Moderate Duration Portfolio PIMCO FUNDS | 2026-06-30 | $5.8M | $6.1M | $0 |
| Thompson Bond Fund Thompson IM Funds, Inc. | 2026-05-31 | $6.0M | $6.1M | $0 |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $6.6M | $5.9M | $0 |
| Core Bond Series Manning & Napier Fund, Inc. | 2026-06-30 | $6.0M | $5.9M | $0 |
| PIMCO Sector Fund Series - I PIMCO FUNDS | 2026-06-30 | $4.8M | $4.9M | $0 |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $4.6M | $4.8M | $0 |
| Credit Series Manning & Napier Fund, Inc. | 2026-06-30 | $4.5M | $4.3M | $0 |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $4.0M | $3.6M | -$3.0M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $3.1M | $3.1M | $0 |
| Transamerica Bond TRANSAMERICA FUNDS | 2026-07-31 | $3.0M | $3.1M | -$1.1M |
| Guggenheim Core Bond Fund Guggenheim Funds Trust | 2026-06-30 | $3.4M | $3.1M | -$2.3M |
| Fidelity Series Real Estate Income Fund Fidelity Securities Fund | 2026-07-31 | $3.1M | $3.0M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.2M | $3.0M | $1.2M |
| Fidelity Real Estate High Income Fund Fidelity Advisor Series I | 2026-05-31 | $2.8M | $2.9M | $0 |
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 |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $34.5M | $32.5M | 0.05% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 4 | $25.6M | $24.0M | 0.01% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $13.9M | $13.3M | 0.03% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $10.8M | $10.4M | 0.06% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 4 | $8.0M | $7.6M | 0.07% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $6.6M | $6.3M | 0.00% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 3 | $3.2M | $3.0M | 0.03% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $2.6M | $2.5M | 0.01% |
| IBDW iShares iBonds Dec 2031 Term Corporate ETF | 2026-07-31 | 1 | $2.7M | $2.5M | 0.10% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $2.1M | $1.9M | 0.00% |
| IBDX iShares iBonds Dec 2032 Term Corporate ETF | 2026-07-31 | 1 | $1.7M | $1.5M | 0.09% |
| GENT Genter Capital Taxable Quality Intermediate ETF | 2026-07-31 | 1 | $1.4M | $1.3M | 1.27% |
| SPBO State Street(R) SPDR Portfolio Corporate Bond ETF | 2026-06-30 | 1 | $1.1M | $1.1M | 0.06% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $1.1M | $1.1M | 0.00% |
| IBDZ iShares iBonds Dec 2034 Term Corporate ETF | 2026-07-31 | 1 | $916K | $944K | 0.11% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 106 bp spread prices in about 1.8% 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
Not available.
The stock side: 13F filings
What institutions report holding in SAFE'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 | 20 | $1.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 202 | $684.4M | 4 | $1.7M | 3 | $298K | 0 |
| 2026-03-31 | 200 | $472.5M | 5 | $2.6M | 5 | $2.0M | 0 |
| 2025-12-31 | 199 | $590.5M | 6 | $5.7M | 5 | $2.1M | 0 |
| 2025-09-30 | 191 | $668.2M | 6 | $2.5M | 4 | $4.2M | 0 |
| 2025-06-30 | 194 | $660.1M | 6 | $3.3M | 6 | $2.5M | 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.