The Sherwin-Williams Company bonds SHW
Who owns The Sherwin-Williams Company'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. SHW 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 |
|---|---|---|---|---|---|---|---|---|---|
| 824348AW6 | 3.45% fixed | 2027-06-01 | USD | 99.22 | 4.41% | 43 bp | 11 | $42.0M | Jul 2026 |
| 824348BS4 | 4.55% fixed | 2028-03-01 | USD | 99.86 | 4.64% | 49 bp | 10 | $31.8M | Jul 2026 |
| 824348BU9 | 4.3% fixed | 2028-08-15 | USD | 99.26 | 4.68% | 46 bp | 14 | $49.2M | Jul 2026 |
| 824348BJ4 | 2.95% fixed | 2029-08-15 | USD | 94.80 | 4.81% | 55 bp | 11 | $9.2M | Jul 2026 |
| 824348BL9 | 2.3% fixed | 2030-05-15 | USD | 90.94 | 4.95% | 66 bp | 12 | $21.1M | Jul 2026 |
| 824348BV7 | 4.5% fixed | 2030-08-15 | USD | 98.42 | 4.94% | 64 bp | 17 | $20.5M | Jul 2026 |
| 824348BT2 | 4.8% fixed | 2031-09-01 | USD | 99.18 | 4.98% | 65 bp | 12 | $30.6M | Jul 2026 |
| 824348BN5 | 2.2% fixed | 2032-03-15 | USD | 86.42 | 5.00% | 63 bp | 6 | $3.6M | Jul 2026 |
| 824348BW5 | 5.15% fixed | 2035-08-15 | USD | 98.32 | 5.39% | 83 bp | 12 | $5.8M | Jul 2026 |
| 824348AQ9 | 4% fixed | 2042-12-15 | USD | 78.76 | 6.06% | 114 bp | 4 | $264K | Jul 2026 |
| 824348AS5 | 4.55% fixed | 2045-08-01 | USD | 82.70 | 6.10% | 104 bp | 2 | $786K | Jul 2026 |
| 824348AX4 | 4.5% fixed | 2047-06-01 | USD | 81.11 | 6.11% | 101 bp | 11 | $5.3M | Jul 2026 |
| 824348BK1 | 3.8% fixed | 2049-08-15 | USD | 71.85 | 6.09% | 98 bp | 5 | $1.7M | Jul 2026 |
| 824348BM7 | 3.3% fixed | 2050-05-15 | USD | 64.65 | 6.15% | 104 bp | 5 | $689K | Jul 2026 |
| 824348BP0 | 2.9% fixed | 2052-03-15 | USD | 58.57 | 6.12% | 102 bp | 4 | $890K | 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 | 15 | $223.5M | 90.94 | 5.19% | 75 bp | 17 |
| Jun 2026 | 15 | $425.5M | 91.49 | 4.94% | 62 bp | 34 |
| May 2026 | 15 | $474.7M | 91.66 | 4.72% | 55 bp | 27 |
| Apr 2026 | 15 | $214.9M | 91.66 | 4.70% | 70 bp | 20 |
| Mar 2026 | 15 | $505.6M | 91.43 | 4.75% | 81 bp | 36 |
| Feb 2026 | 15 | $520.3M | 92.99 | 4.33% | 54 bp | 26 |
| Jan 2026 | 15 | $221.0M | 92.20 | 4.51% | 62 bp | 18 |
| Dec 2025 | 16 | $515.9M | 94.04 | 4.50% | 68 bp | 34 |
| Nov 2025 | 16 | $501.7M | 94.15 | 4.38% | 60 bp | 24 |
| Oct 2025 | 16 | $222.0M | 93.68 | 4.50% | 73 bp | 17 |
| Sep 2025 | 16 | $482.9M | 93.63 | 4.50% | 70 bp | 32 |
| Aug 2025 | 16 | $432.7M | 93.38 | 4.60% | 65 bp | 26 |
| Jul 2025 | 18 | $282.9M | 96.23 | 4.75% | 64 bp | 18 |
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. 47 added, 61 cut, 9 new holders and 29 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $100.6M | $93.3M | -$26.4M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $99.6M | $87.8M | -$28.0M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $74.2M | $73.5M | -$12.3M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $69.5M | $67.5M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $63.1M | $60.8M | -$18.2M |
| Bond Fund of America | 2026-06-30 | $48.7M | $48.6M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $44.5M | $39.9M | -$1.9M |
| Capital Group Central Corporate Bond Fund Capital Group Central Fund Series II | 2026-05-31 | $35.8M | $33.5M | $0 |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $33.1M | $32.8M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $28.9M | $28.7M | -$11.9M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $29.3M | $27.3M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $25.2M | $24.6M | -$695K |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $21.2M | $21.2M | $195K |
| Invesco Ultra Short Duration ETF Invesco Actively Managed Exchange-Traded Fund Trust | 2026-07-31 | $20.0M | $19.8M | new |
| Permanent Portfolio PERMANENT PORTFOLIO FAMILY OF FUNDS | 2026-07-31 | $20.0M | $19.8M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $18.6M | $16.8M | $245K |
| Intermediate Bond Fund of America | 2026-05-31 | $16.2M | $16.1M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $17.2M | $15.3M | $2.2M |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $15.3M | $15.1M | $229K |
| Short-Term Income Fund Principal Funds, Inc | 2026-07-31 | $14.5M | $14.3M | $0 |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $14.7M | $14.2M | $0 |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $14.2M | $14.1M | $0 |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $18.5M | $14.0M | $4.7M |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $13.2M | $12.9M | $0 |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $10.8M | $10.8M | $672K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares Flexible Income Active ETF ($5.0M), DFA Investment Grade Portfolio ($3.8M), Bridge Builder Core Bond Fund ($1.9M), T. Rowe Price New Income Fund, Inc. ($1.7M), Strategy Shares Gold Enhanced Yield ETF ($920K), Touchstone Strategic Trust-Touchstone Balanced Fund ($846K), JPMorgan SmartRetirement Blend 2030 Fund ($745K), Touchstone Funds Group Trust-Touchstone Active Bond Fund ($683K), Goldman Sachs Bond Fund ($500K), Investment Grade Bond Fund ($388K).
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 | 12 | $99.6M | $87.8M | 0.02% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $74.2M | $73.5M | 0.15% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $63.1M | $60.8M | 0.09% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 15 | $44.5M | $39.9M | 0.03% |
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 1 | $33.1M | $32.8M | 0.09% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 3 | $28.9M | $28.7M | 0.04% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $25.2M | $24.6M | 0.11% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $21.2M | $21.2M | 0.04% |
| GSY Invesco Ultra Short Duration ETF | 2026-07-31 | 1 | $20.0M | $19.8M | 0.51% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 15 | $18.6M | $16.8M | 0.10% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $17.2M | $15.3M | 0.05% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $15.3M | $15.1M | 0.33% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $18.5M | $14.0M | 0.15% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 1 | $10.8M | $10.8M | 0.28% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 7 | $9.8M | $9.4M | 0.08% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 9.62: safer than 80% of companies (85th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $80.65B |
| Debt barrier (short-term + ½ long-term debt) | $7.91B |
| Equity volatility (1 year) | 27.5% |
| Asset value / asset volatility (solved) | $88.23B / 25.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 75 bp spread prices in about 1.2% 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 = 3.48 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SHW'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 | 254 | $1.37B | 1 | $5.4M | 0 | — | 0 |
| 2026-06-30 | 1,732 | $67.05B | 30 | $293.6M | 23 | $334.0M | 0 |
| 2026-03-31 | 1,683 | $53.13B | 33 | $255.3M | 30 | $308.7M | 0 |
| 2025-12-31 | 1,700 | $62.84B | 28 | $206.3M | 29 | $256.7M | 0 |
| 2025-09-30 | 1,629 | $65.46B | 31 | $218.8M | 28 | $282.9M | 0 |
| 2025-06-30 | 1,639 | $66.48B | 31 | $239.2M | 26 | $303.5M | 0 |
Officials trading SHW bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2022-11-04 | Alan S. Lowenthal | purchase | Sherwin Williams Corporate Note - 3.45% Maturity 08/01/2025 | $1,001 - $15,000 | filing |
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.