Bonds · Corporate issuer
Banco Santander, S.A. bonds SAN
Who owns Banco Santander, S.A.'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. SAN stock page.
Held by funds
$2.47B
90 bonds, fund marks Jul 2026
Fund holders
698
+57 vs prior quarter
USD spread over Treasuries
85 bp
+9 bp in a month · fund-reported
USD yield
5.21%
median yield to maturity · fund-reported
Distance-to-default
n/a
financial company: model not applied
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 |
|---|---|---|---|---|---|---|---|---|---|
| 05971KAH2 | 4.75% fixed | 2026-11-12 | USD | 100.06 | 4.61% | 95 bp | 6 | $33.4M | May 2026 |
| 05973RLU4 | 3.9% floating | 2026-12-07 | USD | 100.01 | — | — | 1 | $4.0M | Jun 2026 |
| BG0130537 | 1.75% fixed | 2027-02-17 | GBP | 98.51 | 4.53% | — | 1 | $133K | Jul 2026 |
| 05964HAB1 | 4.25% fixed | 2027-04-11 | USD | 99.88 | 4.41% | 49 bp | 3 | $8.5M | Jul 2026 |
| ES0413900160 | 4.625% fixed | 2027-05-04 | EUR | 101.78 | 2.81% | — | 2 | $10.8M | Apr 2026 |
| ACI0W8PP0 | 4.8% fixed | 2027-07-19 | AUD | 99.49 | 5.30% | — | 1 | $1.1M | Jun 2026 |
| 05964HAS4 | 5.294% fixed | 2027-08-18 | USD | 100.67 | 4.63% | 57 bp | 10 | $44.7M | Jul 2026 |
| E2R99DVZ5 | 2.375% fixed | 2027-09-08 | EUR | 99.45 | 2.89% | — | 3 | $59.2M | Jul 2026 |
| 05964HAN5 | 1.722% fixed | 2027-09-14 | USD | 99.69 | 2.00% | -207 bp | 7 | $29.4M | Jul 2026 |
| XS2705604077 | 4.625% fixed | 2027-10-18 | EUR | 100.59 | 4.14% | — | 1 | $1.6M | Jun 2026 |
| 05964HAX3 | 6.527% fixed | 2027-11-07 | USD | 100.49 | 6.11% | 201 bp | 4 | $11.5M | Jul 2026 |
| XS2743029253 | 3.5% fixed | 2028-01-09 | EUR | 100.40 | 3.22% | — | 1 | $1.1M | Jun 2026 |
| E2R99DB46 | 3.88% fixed | 2028-01-16 | EUR | 101.06 | 3.12% | — | 4 | $12.4M | Jul 2026 |
| AR0501700 | 2.125% fixed | 2028-02-08 | EUR | 98.12 | 3.40% | — | 3 | $3.7M | Jul 2026 |
| BN9181759 | 0.2% fixed | 2028-02-11 | EUR | 95.70 | 3.11% | — | 3 | $12.2M | Jul 2026 |
| E2R99DE27 | 3.25% fixed | 2028-02-14 | EUR | 100.82 | 2.72% | — | 1 | $115K | Jun 2026 |
| 05964HAF2 | 3.8% fixed | 2028-02-23 | USD | 98.58 | 4.75% | 61 bp | 14 | $21.7M | Jul 2026 |
| AU3CB0297596 | 5.68% fixed | 2028-03-09 | AUD | 100.59 | 5.29% | — | 1 | $3.5M | Jul 2026 |
| 05964HBC8 | 5.03% floating | 2028-03-14 | USD | 100.42 | — | — | 4 | $24.3M | Jul 2026 |
| 05964HBA2 | 5.552% fixed | 2028-03-14 | USD | 100.53 | 5.21% | 105 bp | 14 | $124.9M | Jul 2026 |
| 05964HAQ8 | 4.175% fixed | 2028-03-24 | USD | 99.67 | 4.38% | 22 bp | 7 | $16.6M | Jul 2026 |
| 05964HAJ4 | 4.379% fixed | 2028-04-12 | USD | 99.35 | 4.78% | 61 bp | 13 | $23.7M | Jul 2026 |
| CH1112011577 | 0.31% fixed | 2028-06-09 | CHF | 151.86 | — | — | 2 | $9.6M | Jul 2026 |
| 05964HBE4 | 4.766% floating | 2028-07-15 | USD | 100.52 | — | — | 8 | $130.1M | Jul 2026 |
| 05964HBF1 | 5.365% variable | 2028-07-15 | USD | 100.66 | — | — | 8 | $10.2M | Jul 2026 |
| 05964HAU9 | 5.588% fixed | 2028-08-08 | USD | 101.51 | 4.79% | 57 bp | 18 | $49.8M | Jul 2026 |
| BY5760339 | 4.75% fixed | 2028-08-30 | GBP | 99.85 | 4.82% | — | 1 | $404K | Jul 2026 |
| E2R99CD87 | 1.125% fixed | 2028-10-25 | EUR | 95.78 | 3.11% | — | 3 | $6.0M | Jul 2026 |
| 05964HAY1 | 6.607% fixed | 2028-11-07 | USD | 103.89 | 4.77% | 54 bp | 12 | $43.7M | Jul 2026 |
| 05971KAP4 | 9.625% fixed | 2028-11-21 | USD | 108.60 | 5.59% | 136 bp | 12 | $91.7M | Jul 2026 |
| AU3CB0306132 | 5.8% fixed | 2029-01-23 | AUD | 101.28 | 5.26% | — | 1 | $224K | Jun 2026 |
| BR4628755 | 3.625% fixed | 2029-03-21 | EUR | 96.90 | 4.86% | — | 2 | $2.4M | Jun 2026 |
| YV9872172 | 3.25% fixed | 2029-04-02 | EUR | 99.86 | 3.30% | — | 1 | $806K | Jul 2026 |
| 05971KAX7 | 4.6% fixed | 2029-04-15 | USD | 99.17 | 4.93% | 68 bp | 17 | $42.4M | Jul 2026 |
| 05971KAU3 | 4.646% floating | 2029-04-15 | USD | 100.67 | — | — | 5 | $81.2M | Jul 2026 |
| ZB4597280 | 3.88% fixed | 2029-04-22 | EUR | 101.30 | 3.37% | — | 4 | $12.5M | Jul 2026 |
| YX5303665 | 5.5% fixed | 2029-06-11 | GBP | 100.69 | 5.23% | — | 1 | $13.6M | Jul 2026 |
| ACI1YPB08 | 0.63% fixed | 2029-06-24 | EUR | 95.09 | 2.40% | — | 1 | $987K | Jul 2026 |
| 05971KAC3 | 3.306% fixed | 2029-06-27 | USD | 96.01 | 4.79% | 54 bp | 10 | $14.7M | Jul 2026 |
| ES0413900566 | 0.25% fixed | 2029-07-10 | EUR | 91.96 | 3.16% | — | 1 | $318K | Jul 2026 |
| YM0827779 | 2.375% fixed | 2029-07-14 | EUR | 97.79 | 3.17% | — | 3 | $11.7M | Jul 2026 |
| ACI2P15H9 | 7% fixed | 2029-11-20 | EUR | 106.45 | 4.83% | — | 4 | $4.9M | Jul 2026 |
| XS2743029766 | 3.5% fixed | 2030-01-09 | EUR | 100.34 | 3.39% | — | 1 | $347K | Jul 2026 |
| ZM1981624 | 3.375% fixed | 2030-01-11 | EUR | 100.60 | 3.19% | — | 2 | $11.6M | Jul 2026 |
| DC6963862 | 3% fixed | 2030-01-12 | EUR | 98.77 | 3.38% | — | 2 | $455K | Jul 2026 |
| 05964HBJ3 | 5.565% fixed | 2030-01-17 | USD | 101.59 | 5.06% | 78 bp | 15 | $21.4M | Jul 2026 |
| E2R99DC60 | 5.125% fixed | 2030-01-25 | GBP | 100.84 | 4.86% | — | 1 | $1.3M | Jun 2026 |
| ZM5206853 | 5.125% fixed | 2030-01-25 | GBP | 99.82 | 5.18% | — | 3 | $12.8M | Jul 2026 |
| 05964HBB0 | 5.538% fixed | 2030-03-14 | USD | 101.40 | 5.11% | 82 bp | 12 | $13.8M | Jul 2026 |
| E2R99GFF0 | 2.5% fixed | 2030-05-13 | EUR | 97.40 | 3.24% | — | 3 | $11.3M | Jul 2026 |
| 05971KAF6 | 3.49% fixed | 2030-05-28 | USD | 94.54 | 5.08% | 79 bp | 17 | $24.9M | Jul 2026 |
| E2R99C6R3 | 0.13% fixed | 2030-06-04 | EUR | 88.88 | 3.25% | — | 1 | $512K | Jul 2026 |
| ZK8851469 | 4.25% fixed | 2030-06-12 | EUR | 102.66 | 3.50% | — | 7 | $21.7M | Jul 2026 |
| E2R99DEZ4 | 1.625% fixed | 2030-10-22 | EUR | 91.93 | 3.72% | — | 4 | $17.7M | Jul 2026 |
| 05971KAR0 | 4.551% fixed | 2030-11-06 | USD | 97.71 | 5.15% | 85 bp | 28 | $90.8M | Jul 2026 |
| 05971KAT6 | 4.75% floating | 2030-11-06 | USD | 100.60 | — | — | 5 | $28.8M | Jul 2026 |
| DA1963747 | 4.625% fixed | 2030-11-17 | GBP | 97.68 | 5.23% | — | 1 | $395K | Jul 2026 |
| 05971KAG4 | 2.749% fixed | 2030-12-03 | USD | 90.07 | 5.34% | 103 bp | 16 | $27.1M | Jul 2026 |
| E2R99GFN3 | 6% fixed | 2031-01-02 | EUR | 103.41 | 5.11% | — | 1 | $3.6M | Jul 2026 |
| ZF2682507 | 5.375% fixed | 2031-01-17 | GBP | 100.38 | 5.28% | — | 4 | $13.9M | Jul 2026 |
| AU3CB0330405 | 5.218% fixed | 2031-01-20 | AUD | 98.70 | 5.55% | — | 1 | $139K | Jul 2026 |
| AU3CB0306140 | 6.499% fixed | 2031-01-23 | AUD | 103.57 | 5.60% | — | 2 | $2.4M | Jun 2026 |
| XS2984222989 | 5.625% variable | 2031-01-27 | GBP | 100.70 | — | — | 2 | $20.4M | Jul 2026 |
| ES04139000D1 | 2.63% fixed | 2031-02-23 | EUR | 97.31 | 3.27% | — | 1 | $224K | Jul 2026 |
| 05964HAM7 | 2.958% fixed | 2031-03-25 | USD | 90.75 | 5.22% | 90 bp | 6 | $7.4M | Jul 2026 |
| 05971KAV1 | 4.867% fixed | 2031-04-15 | USD | 98.47 | 5.24% | 92 bp | 20 | $64.6M | Jul 2026 |
| 80281LAV7 | 5.694% fixed | 2031-04-15 | USD | 101.44 | 5.34% | 102 bp | 8 | $3.6M | Jul 2026 |
| ES04139000F6 | 2.88% fixed | 2031-04-28 | EUR | 98.22 | 3.29% | — | 1 | $453K | Jul 2026 |
| ZS4116993 | 0.875% fixed | 2031-05-09 | EUR | 89.49 | 3.29% | — | 3 | $11.1M | Jul 2026 |
| 05964HBG9 | 5.439% fixed | 2031-07-15 | USD | 101.18 | 5.17% | 84 bp | 15 | $29.8M | Jul 2026 |
| ZH4396912 | 4.875% fixed | 2031-10-18 | EUR | 105.28 | 3.74% | — | 4 | $49.9M | Jul 2026 |
| E2R99D2E4 | 4.875% fixed | 2031-10-18 | EUR | 105.42 | 3.71% | — | 1 | $365K | Jul 2026 |
| BS1696548 | 1% fixed | 2031-11-04 | EUR | 87.76 | 3.59% | — | 2 | $404K | Jul 2026 |
| E2R99C8Y6 | 0.1% fixed | 2032-02-27 | EUR | 83.85 | 3.32% | — | 1 | $483K | Jul 2026 |
| E2R99GFL7 | 3.25% fixed | 2032-05-27 | EUR | 97.91 | 3.65% | — | 4 | $25.5M | Jul 2026 |
| ES0413900855 | 2.75% fixed | 2032-09-08 | EUR | 96.80 | 3.34% | — | 2 | $50.2M | Jul 2026 |
| YV9872180 | 3.5% fixed | 2032-10-02 | EUR | 98.22 | 3.83% | — | 5 | $40.9M | Jul 2026 |
| E2R99GBB3 | 3.5% fixed | 2032-10-02 | EUR | — | — | — | 1 | $570K | Jun 2026 |
| BR6668379 | 2.25% variable | 2032-10-04 | GBP | 97.22 | — | — | 2 | $7.9M | Jul 2026 |
| 05971KAL3 | 3.225% fixed | 2032-11-22 | USD | 89.96 | 5.10% | 69 bp | 10 | $13.8M | Jul 2026 |
| XS3359635391 | 5.5% fixed | 2033-04-28 | GBP | 98.92 | 5.69% | — | 1 | $533K | Jul 2026 |
| 05971KAQ2 | 9.625% fixed | 2033-05-21 | USD | 116.59 | 6.56% | 211 bp | 28 | $249.9M | Jul 2026 |
| XS3417309021 | 3.63% fixed | 2033-06-23 | EUR | 98.06 | 3.96% | — | 1 | $226K | Jul 2026 |
| E2R99GFV5 | 2.875% fixed | 2033-07-14 | EUR | 96.66 | 3.42% | — | 3 | $34.1M | Jul 2026 |
| YM0827787 | 2.875% fixed | 2033-07-14 | EUR | 197.35 | — | — | 1 | $451K | Jun 2026 |
| 05964HAV7 | 6.921% fixed | 2033-08-08 | USD | 106.63 | 5.76% | 130 bp | 18 | $76.0M | Jul 2026 |
| ZK6799710 | 5.75% fixed | 2033-08-23 | EUR | 103.44 | 5.15% | — | 4 | $28.6M | Jul 2026 |
| XS2392951344 | 1% fixed | 2033-10-01 | EUR | 81.78 | 3.97% | — | 2 | $2.3M | Jul 2026 |
| 05964HAZ8 | 6.938% fixed | 2033-11-07 | USD | 109.77 | 5.30% | 83 bp | 14 | $52.4M | Jul 2026 |
| ZF0663319 | 3.75% fixed | 2034-01-09 | EUR | 99.49 | 3.83% | — | 5 | $53.7M | Jul 2026 |
| 05964HBH7 | 8% fixed | 2034-02-01 | USD | 106.54 | 6.87% | 239 bp | 13 | $151.5M | Jul 2026 |
| 05964HBD6 | 6.35% fixed | 2034-03-14 | USD | 103.72 | 5.74% | 125 bp | 10 | $10.1M | Jul 2026 |
| E2R99D6L4 | 4.125% fixed | 2034-04-22 | EUR | 101.36 | 3.91% | — | 3 | $17.8M | Jul 2026 |
| ZF3442059 | 5% variable | 2034-04-22 | EUR | 102.66 | — | — | 3 | $13.5M | Jul 2026 |
| AU3CB0311298 | 6.444% fixed | 2034-07-17 | AUD | 101.89 | 6.14% | — | 1 | $3.7M | Jun 2026 |
| ES0413900376 | 2% fixed | 2034-11-27 | EUR | 89.39 | 3.49% | — | 3 | $12.1M | Jul 2026 |
| 05964HBK0 | 6.033% fixed | 2035-01-17 | USD | 102.88 | 5.60% | 107 bp | 8 | $5.9M | Jul 2026 |
| YR3239021 | 3.5% fixed | 2035-02-17 | EUR | 96.79 | 3.95% | — | 8 | $9.1M | Jul 2026 |
| 05971KAS8 | 5.127% fixed | 2035-11-06 | USD | 96.17 | 5.66% | 110 bp | 12 | $36.9M | Jul 2026 |
| 05971KAY5 | 7.25% fixed | 2035-12-03 | USD | 100.30 | 7.20% | 263 bp | 38 | $97.7M | Jul 2026 |
| DC6963870 | 3.75% fixed | 2036-01-12 | EUR | 98.45 | 3.95% | — | 2 | $794K | Jul 2026 |
| E2R99GKA5 | 3% fixed | 2036-02-23 | EUR | 95.64 | 3.54% | — | 2 | $11.6M | Jul 2026 |
| 05971KAW9 | 5.437% fixed | 2036-04-15 | USD | 97.96 | 5.71% | 113 bp | 13 | $53.1M | Jul 2026 |
| XS3352075058 | 4.25% fixed | 2038-04-22 | EUR | 99.72 | 4.28% | — | 1 | $460K | 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 | 90 | $2.47B | 99.68 | 5.21% | 85 bp | 38 |
| Jun 2026 | 86 | $4.22B | 100.53 | 4.98% | 76 bp | 60 |
| May 2026 | 47 | $3.26B | 100.61 | 4.97% | 82 bp | 31 |
| Apr 2026 | 89 | $2.47B | 99.77 | 4.94% | 97 bp | 28 |
| Mar 2026 | 78 | $3.47B | 99.90 | 4.89% | 106 bp | 47 |
| Feb 2026 | 41 | $2.94B | 101.70 | 4.44% | 71 bp | 32 |
| Jan 2026 | 82 | $2.34B | 100.61 | 4.59% | 75 bp | 30 |
| Dec 2025 | 80 | $3.61B | 100.99 | 4.57% | 79 bp | 54 |
| Nov 2025 | 42 | $2.85B | 101.78 | 4.51% | 76 bp | 28 |
| Oct 2025 | 81 | $2.32B | 100.59 | 4.68% | 88 bp | 29 |
| Sep 2025 | 74 | $3.47B | 100.77 | 4.64% | 81 bp | 55 |
| Aug 2025 | 38 | $2.48B | 101.93 | 4.61% | 71 bp | 32 |
| Jul 2025 | 78 | $2.08B | 100.50 | 4.83% | 78 bp | 31 |
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. 229 added, 77 cut, 91 new holders and 34 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $472.3M | $470.7M | $132.9M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $404.2M | $408.7M | $115.8M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $390.7M | $396.0M | $50.9M |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $276.3M | $322.1M | -$900K |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $301.5M | $316.5M | -$11.0M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $301.9M | $302.0M | -$33.7M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $219.1M | $253.2M | -$8.1M |
| Nuveen Preferred Securities and Income Fund Nuveen Investment Trust V | 2026-05-31 | $176.2M | $196.2M | $13.2M |
| PIMCO Income Fund PIMCO FUNDS | 2026-06-30 | $185.0M | $188.4M | $0 |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $178.4M | $176.0M | $0 |
| PIMCO Total Return Fund PIMCO FUNDS | 2026-06-30 | $155.9M | $157.6M | $42.4M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $149.1M | $148.3M | -$52.6M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $140.7M | $143.5M | $20.0M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $135.3M | $137.4M | $12.4M |
| First Trust Preferred Securities and Income ETF First Trust Exchange-Traded Fund III | 2026-07-31 | $123.9M | $136.5M | $18.6M |
| Nuveen Preferred & Income Opportunities Fund | 2026-07-31 | $121.0M | $133.1M | $10.4M |
| PIMCO Enhanced Short Maturity Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $130.3M | $131.0M | $101.9M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $126.4M | $126.7M | $21.7M |
| Cohen & Steers Preferred Securities & Income Fund, Inc. COHEN & STEERS PREFERRED SECURITIES & INCOME FUND, INC. | 2026-06-30 | $115.0M | $125.1M | $21.6M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $121.0M | $121.8M | -$5.2M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $114.8M | $113.2M | $0 |
| Putnam Ultra Short Duration Income Fund Putnam Funds Trust | 2026-07-31 | $110.6M | $111.2M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $107.3M | $106.5M | -$6.7M |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $100.3M | $101.6M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $96.0M | $99.7M | -$4.7M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Nomura High Income Fund ($19.2M), Hartford Dynamic Bond Fund ($18.2M), CTIVP - American Century Diversified Bond Fund ($17.6M), Invesco International Bond Fund ($10.8M), Allspring Core Bond Portfolio ($10.6M), Nomura VIP High Income Series ($5.8M), Victory Income Fund ($4.0M), Transamerica Bond ($2.8M), Transamerica Core Bond ($2.4M), Victory Core Plus Intermediate Bond Fund ($2.2M).
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 |
|---|---|---|---|---|---|
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 7 | $472.3M | $470.7M | 1.23% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 21 | $390.7M | $396.0M | 0.10% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 8 | $301.5M | $316.5M | 0.46% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 16 | $301.9M | $302.0M | 0.60% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 27 | $219.1M | $253.2M | 0.21% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 15 | $135.3M | $137.4M | 0.46% |
| FPE First Trust Preferred Securities and Income ETF | 2026-07-31 | 4 | $123.9M | $136.5M | 2.16% |
| MINT PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 9 | $130.3M | $131.0M | 0.80% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 15 | $126.4M | $126.7M | 0.18% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 24 | $121.0M | $121.8M | 0.09% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 16 | $107.3M | $106.5M | 0.48% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 8 | $96.0M | $99.7M | 0.19% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 8 | $81.2M | $81.9M | 0.77% |
| FLOT iShares Floating Rate Bond ETF | 2026-07-31 | 4 | $79.6M | $80.0M | 0.77% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 8 | $71.2M | $74.0M | 0.41% |
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 85 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
Not available.
Against its own government
Yield minus the government's fitted curve at the same maturity, same currency, bonds with at least $25M held and 3 funds pricing them: EUR 1.1y +16 bp, EUR 5.2y +55 bp, EUR 5.8y +40 bp, EUR 6.2y +54 bp, EUR 7.0y +6 bp, EUR 7.4y +41 bp (as of Jul 2026).
The stock side: 13F filings
What institutions report holding in SAN'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 | 115 | $41.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 657 | $6.88B | 8 | $15.6M | 9 | $36.4M | 0 |
| 2026-03-31 | 629 | $5.46B | 10 | $19.6M | 10 | $38.6M | 0 |
| 2025-12-31 | 584 | $5.28B | 8 | $5.9M | 8 | $11.6M | 0 |
| 2025-09-30 | 515 | $4.87B | 8 | $8.7M | 8 | $11.9M | 0 |
| 2025-06-30 | 462 | $3.10B | 8 | $11.5M | 11 | $19.0M | 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.