Smithfield Foods, Inc. bonds SFD
Who owns Smithfield Foods, 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. SFD 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 |
|---|---|---|---|---|---|---|---|---|---|
| 832248AZ1 | 4.25% fixed | 2027-02-01 | USD | 99.69 | 4.89% | 105 bp | 8 | $15.8M | Jul 2026 |
| 832248BB3 | 5.2% fixed | 2029-04-01 | USD | 100.13 | 5.14% | 90 bp | 9 | $4.0M | Jul 2026 |
| 832248BC1 | 3% fixed | 2030-10-15 | USD | 90.97 | 5.43% | 113 bp | 14 | $36.8M | Jul 2026 |
| 832248BD9 | 2.625% fixed | 2031-09-13 | USD | 87.65 | 5.42% | 108 bp | 9 | $5.1M | 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 | $61.8M | 95.33 | 5.42% | 108 bp | 14 |
| Jun 2026 | 4 | $251.2M | 95.77 | 5.16% | 97 bp | 23 |
| May 2026 | 4 | $66.0M | 95.52 | 5.15% | 98 bp | 16 |
| Apr 2026 | 4 | $63.3M | 95.71 | 5.13% | 119 bp | 13 |
| Mar 2026 | 4 | $338.2M | 95.59 | 5.14% | 131 bp | 24 |
| Feb 2026 | 4 | $50.4M | 96.62 | 4.64% | 99 bp | 14 |
| Jan 2026 | 4 | $65.1M | 95.97 | 4.78% | 108 bp | 13 |
| Dec 2025 | 4 | $339.8M | 95.91 | 4.81% | 118 bp | 25 |
| Nov 2025 | 4 | $40.2M | 96.02 | 4.74% | 112 bp | 14 |
| Oct 2025 | 4 | $60.7M | 95.61 | 4.83% | 121 bp | 11 |
| Sep 2025 | 4 | $340.3M | 95.42 | 4.86% | 124 bp | 26 |
| Aug 2025 | 4 | $39.4M | 95.32 | 4.87% | 109 bp | 15 |
| Jul 2025 | 4 | $61.4M | 94.95 | 5.09% | 116 bp | 13 |
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. 11 added, 13 cut, 15 new holders and 13 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM Short-Term Corporate Bond Fund Prudential Short-Term Corporate Bond Fund, Inc. | 2026-06-30 | $40.1M | $38.8M | $0 |
| TCW METWEST TOTAL RETURN BOND FUND TCW Metropolitan West Funds | 2026-06-30 | $33.7M | $33.0M | -$14.4M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $35.1M | $33.0M | $0 |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $30.0M | $26.8M | $0 |
| AST Investment Grade Bond Portfolio Advanced Series Trust | 2026-06-30 | $23.6M | $21.6M | $0 |
| PGIM Short Duration Multi-Sector Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $17.9M | $16.6M | $0 |
| Lord Abbett Core Fixed Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $18.2M | $16.1M | $10.7M |
| Victory Pioneer Bond Fund Victory Portfolios IV | 2026-06-30 | $12.7M | $11.5M | $0 |
| PIMCO Short-Term Fund PIMCO FUNDS | 2026-06-30 | $8.8M | $8.8M | new |
| Eaton Vance Short Duration Income ETF Morgan Stanley ETF Trust | 2026-06-30 | $8.5M | $8.5M | $2.0M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $8.9M | $8.1M | $0 |
| PGIM Absolute Return Bond Fund Prudential Investment Portfolios 9 | 2026-07-31 | $8.3M | $7.5M | $0 |
| Calvert Ultra-Short Duration Income Fund Calvert Fund | 2026-06-30 | $7.0M | $7.0M | $2.4M |
| Federated Hermes Total Return Bond Fund Federated Hermes Total Return Series, Inc. | 2026-05-31 | $7.6M | $6.8M | $0 |
| Lord Abbett Core Plus Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $7.1M | $6.3M | new |
| PIMCO Short Asset Portfolio PIMCO FUNDS | 2026-06-30 | $5.6M | $5.6M | $120K |
| Calvert Short Duration Income Fund Calvert Fund | 2026-06-30 | $5.5M | $5.5M | new |
| PSF PGIM Total Return Bond Portfolio Prudential Series Fund | 2026-06-30 | $5.6M | $5.4M | $0 |
| Victory Income Fund Victory Portfolios III | 2026-07-31 | $5.0M | $5.0M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $5.0M | $4.8M | -$10K |
| Lord Abbett Total Return Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $5.2M | $4.6M | new |
| Eaton Vance Total Return Bond Fund Eaton Vance Mutual Funds Trust | 2026-06-30 | $4.4M | $4.4M | $0 |
| Multi-Manager Total Return Bond Strategies Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $4.5M | $4.3M | $0 |
| Victory Short-Term Bond Fund Victory Portfolios III | 2026-07-31 | $4.2M | $4.1M | $0 |
| PGIM Corporate Bond 0-5 Year ETF PGIM ETF Trust | 2026-05-29 | $3.9M | $3.7M | $1.6M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): LORD ABBETT BOND DEBENTURE FUND INC ($28.0M), Bridge Builder Core Plus Bond Fund ($10.2M), Federated Hermes Corporate Bond Fund ($7.5M), SA Federated Hermes Corporate Bond Portfolio ($7.5M), TCW METWEST UNCONSTRAINED BOND FUND ($4.7M), CTIVP - TCW Core Plus Bond Fund ($1.5M), Bond-Debenture Portfolio ($1.4M), Series E (Total Return Bond Series) ($400K), Loomis Sayles Investment Grade Bond Fund ($398K), MML Barings Short-Duration Bond Fund ($320K).
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 |
|---|---|---|---|---|---|
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $5.0M | $4.8M | 0.02% |
| PCS PGIM Corporate Bond 0-5 Year ETF | 2026-05-29 | 3 | $3.9M | $3.7M | 0.60% |
| PCI PGIM Corporate Bond 5-10 Year ETF | 2026-05-29 | 2 | $3.6M | $3.4M | 0.63% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $3.7M | $3.3M | 0.02% |
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 1 | $3.0M | $3.0M | 0.14% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $3.0M | $2.8M | 0.01% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $2.9M | $2.7M | 0.02% |
| EVSB Eaton Vance Ultra-Short Income ETF | 2026-06-30 | 1 | $2.6M | $2.6M | 1.11% |
| CVSB Calvert Ultra-Short Investment Grade ETF | 2026-06-30 | 1 | $2.4M | $2.4M | 1.13% |
| LDUR PIMCO Enhanced Low Duration Active Exchange-Traded Fund | 2026-06-30 | 1 | $2.0M | $2.0M | 0.15% |
| PTRB PGIM Total Return Bond ETF | 2026-05-29 | 2 | $2.0M | $1.9M | 0.20% |
| CPLB NYLIM MacKay Core Plus Bond ETF | 2026-07-31 | 2 | $885K | $866K | 0.23% |
| CORB AB Core Bond ETF | 2026-05-31 | 1 | $570K | $521K | 0.05% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 1 | $387K | $390K | 0.01% |
| PSDM PGIM Short Duration Multi-Sector Bond ETF | 2026-05-29 | 2 | $360K | $342K | 0.18% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.73: safer than 76% of companies (66th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-28.
| Equity value | $7.20B |
| Debt barrier (short-term + ½ long-term debt) | $1.30B |
| Equity volatility (1 year) | 25.4% |
| Asset value / asset volatility (solved) | $8.45B / 21.6% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 108 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
Altman Z = 3.34 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SFD'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 | 22 | $25.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 275 | $1.11B | 2 | $929K | 3 | $1.4M | 0 |
| 2026-03-31 | 234 | $1.25B | 4 | $1.6M | 4 | $957K | 0 |
| 2025-12-31 | 194 | $1.04B | 2 | $333K | 2 | $4K | 0 |
| 2025-09-30 | 195 | $1.07B | 2 | $6.3M | 3 | $6.5M | 0 |
| 2025-06-30 | 146 | $584.6M | 0 | — | 4 | $7.1M | 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.