Sirius XM Holdings Inc. bonds SIRI
Who owns Sirius XM Holdings 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. SIRI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 82967NBL1 | 3.125% fixed | 2026-09-01 | USD | 99.84 | 4.98% | 125 bp | 6 | $35.8M | Jul 2026 |
| 82967NBA5 | 5% fixed | 2027-08-01 | USD | 99.86 | 5.14% | 109 bp | 41 | $104.3M | Jul 2026 |
| 82967NBJ6 | 4% fixed | 2028-07-15 | USD | 97.29 | 5.48% | 126 bp | 54 | $243.7M | Jul 2026 |
| 82967NBC1 | 5.5% fixed | 2029-07-01 | USD | 99.55 | 5.67% | 141 bp | 32 | $93.0M | Jul 2026 |
| 82967NBG2 | 4.125% fixed | 2030-07-01 | USD | 93.50 | 6.01% | 172 bp | 47 | $158.1M | Jul 2026 |
| 82967NBM9 | 3.875% fixed | 2031-09-01 | USD | 90.28 | 6.13% | 179 bp | 45 | $180.2M | Jul 2026 |
| 82966BAA3 | 5.875% fixed | 2032-04-15 | USD | 98.16 | 6.26% | 188 bp | 44 | $96.5M | 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 | 7 | $911.7M | 98.16 | 5.84% | 156 bp | 54 |
| Jun 2026 | 7 | $1.34B | 98.84 | 5.67% | 151 bp | 109 |
| May 2026 | 7 | $737.8M | 99.52 | 5.68% | 161 bp | 47 |
| Apr 2026 | 7 | $897.5M | 98.36 | 5.85% | 196 bp | 58 |
| Mar 2026 | 7 | $1.33B | 99.37 | 5.71% | 193 bp | 110 |
| Feb 2026 | 7 | $760.8M | 99.50 | 5.55% | 192 bp | 46 |
| Jan 2026 | 6 | $876.9M | 98.54 | 5.35% | 170 bp | 61 |
| Dec 2025 | 6 | $1.29B | 98.53 | 5.23% | 164 bp | 111 |
| Nov 2025 | 6 | $661.2M | 98.33 | 5.34% | 174 bp | 48 |
| Oct 2025 | 6 | $892.1M | 98.19 | 5.45% | 188 bp | 60 |
| Sep 2025 | 6 | $1.27B | 97.68 | 5.48% | 189 bp | 110 |
| Aug 2025 | 6 | $668.2M | 97.95 | 5.44% | 174 bp | 50 |
| Jul 2025 | 6 | $936.5M | 96.51 | 5.82% | 195 bp | 61 |
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. 114 added, 89 cut, 40 new holders and 37 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $376.2M | $357.7M | $4.0M |
| Income Fund of America | 2026-07-31 | $298.6M | $280.8M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $165.4M | $159.3M | $6.7M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $118.2M | $114.5M | $1.8M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $101.2M | $95.7M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $90.1M | $88.6M | $4.0M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $74.8M | $71.1M | -$7.2M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $70.4M | $68.2M | $14.0M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $54.9M | $53.5M | -$5.0M |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $50.6M | $50.0M | -$6.0M |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $49.2M | $48.6M | $1.4M |
| RIVERPARK SHORT TERM HIGH YIELD FUND RiverPark Funds Trust | 2026-06-30 | $37.1M | $37.0M | $15.5M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $37.0M | $36.6M | $1.9M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $37.4M | $36.4M | $3.9M |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $36.6M | $35.8M | -$41K |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $35.2M | $34.2M | $0 |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $33.6M | $33.0M | $1.1M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $32.1M | $32.0M | -$24.7M |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $32.0M | $31.8M | $2.3M |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $31.0M | $30.5M | $4.5M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $30.3M | $28.8M | $0 |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $29.2M | $27.7M | $0 |
| iShares iBonds 2026 Term High Yield and Income ETF iShares Trust | 2026-07-31 | $26.9M | $26.8M | $2.3M |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $28.7M | $26.7M | $1.8M |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $26.5M | $25.6M | $865K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): High Yield Bond Series ($15.5M), Bond Fund ($12.8M), Lord Abbett Short Duration High Yield Fund ($10.8M), CTIVP - American Century Diversified Bond Fund ($8.9M), Lord Abbett Short Duration Income Fund ($6.8M), Global Bond Fund ($5.2M), JPMorgan Global Allocation Fund ($1.9M), Fidelity Advisor Limited Term Bond Fund ($1.7M), DoubleLine Core Fixed Income Fund ($1.7M), Penn Series High Yield Bond Fund ($1.6M).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 6 | $165.4M | $159.3M | 0.56% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 6 | $118.2M | $114.5M | 0.71% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 6 | $70.4M | $68.2M | 0.60% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 5 | $54.9M | $53.5M | 0.70% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 5 | $37.4M | $36.4M | 0.75% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 5 | $31.0M | $30.5M | 1.38% |
| IBHF iShares iBonds 2026 Term High Yield and Income ETF | 2026-07-31 | 1 | $26.9M | $26.8M | 3.31% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 5 | $28.7M | $26.7M | 0.52% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 6 | $26.5M | $25.6M | 0.73% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 4 | $18.5M | $18.2M | 0.15% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $18.8M | $17.8M | 0.24% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 4 | $18.0M | $17.8M | 0.20% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 6 | $17.2M | $16.7M | 0.70% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 3 | $16.6M | $15.2M | 0.18% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 6 | $15.5M | $15.0M | 0.59% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.88: safer than 48% of companies (48th percentile in Communication Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $9.05B |
| Debt barrier (short-term + ½ long-term debt) | $4.73B |
| Equity volatility (1 year) | 33.0% |
| Asset value / asset volatility (solved) | $13.58B / 22.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 156 bp spread prices in about 2.6% 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'' = 2.33 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SIRI'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 | 69 | $57.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 590 | $8.23B | 22 | $195.0M | 29 | $431.1M | 0 |
| 2026-03-31 | 542 | $5.49B | 19 | $134.2M | 19 | $226.2M | 0 |
| 2025-12-31 | 502 | $4.95B | 24 | $174.7M | 29 | $391.0M | 0 |
| 2025-09-30 | 533 | $5.63B | 21 | $160.1M | 26 | $429.0M | 0 |
| 2025-06-30 | 538 | $5.59B | 21 | $156.4M | 27 | $411.9M | 0 |
Officials trading SIRI bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2026-03-02 | President Donald J. Trump | purchase | ***SIRIUS XM RADIO INC SENIOR NOTES REG S DUE 07/01/2029 05.500%JJ 01 DISCRETIONARY ORDER | $500,001 - $1,000,000 | filing |
| 2026-02-04 | President Donald J. Trump | purchase | ***SIRIUS XM RADIO INC SENIOR NOTES REG S DUE 07/01/2029 05.500NKA 01 DISCRETIONARY ORDER | $100,001 - $250,000 | filing |
| 2026-01-20 | President Donald J. Trump | purchase | —SIRIUS XM RADIO INC SENIOR NOTES REG S DUE 07/01/2029 05.500% JJ 01 DISCRETIONARY ORDER I | $100,001 - $250,000 | filing |
| 2026-01-02 | President Donald J. Trump | purchase | —SIRIUS XM RADIO INC SENIOR NOTES REG S DUE 07/01/2029 05.500% JJ 01 DISCRETIONARY ORDER I | $500,001 - $1,000,000 | filing |
| 2025-12-16 | President Donald J. Trump | purchase | ***SIRIUS XM RADIO INC SENIOR NOTES REG S DUE 07/01/2029 05.500% JJ 01 DISCRETIONARY ORDER | $250,001 - $500,000 | filing |
| 2025-12-12 | President Donald J. Trump | purchase | ***SIRIUS XM RADIO INC SENIOR NOTES REG S DUE 07/01/2029 05.500% JJ 01 DISCRETIONARY ORDER | $250,001 - $500,000 | filing |
| 2025-11-04 | President Donald J. Trump | purchase | ***SIRIUS XM RADIO INC SENIOR NOTES REG S DUE 07/01/2029 05.500% JJ 01 DISCRETIONARY ORDER | $100,001 - $250,000 | 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.