Snowflake Inc. bonds SNOW
Who owns Snowflake 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. SNOW 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 |
|---|---|---|---|---|---|---|---|---|---|
| 833445AB5 convertible | 0% none | 2027-10-01 | USD | 189.69 | — | — | 15 | $155.1M | Jul 2026 |
| 833445AD1 convertible | 0% none | 2029-10-01 | USD | 198.21 | — | — | 23 | $350.2M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
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 | 2 | $505.3M | 193.95 | — | — | 23 |
| Jun 2026 | 2 | $220.5M | 171.60 | — | — | 38 |
| May 2026 | 2 | $79.8M | 172.72 | — | — | 10 |
| Apr 2026 | 2 | $269.3M | 115.21 | — | — | 26 |
| Mar 2026 | 2 | $91.3M | 120.24 | — | — | 20 |
| Feb 2026 | 2 | $52.6M | 128.58 | — | — | 8 |
| Jan 2026 | 2 | $318.1M | 138.43 | — | — | 22 |
| Dec 2025 | 2 | $123.8M | 151.68 | — | — | 19 |
| Nov 2025 | 2 | $70.1M | 169.03 | — | — | 7 |
| Oct 2025 | 2 | $406.7M | 181.98 | — | — | 24 |
| Sep 2025 | 2 | $155.0M | 154.24 | — | — | 26 |
| Aug 2025 | 2 | $57.1M | 161.42 | — | — | 7 |
| Jul 2025 | 2 | $403.0M | 153.56 | — | — | 29 |
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. 29 added, 23 cut, 20 new holders and 0 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $67.5M | $132.0M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $48.9M | $94.8M | $10.2M |
| Franklin Convertible Securities Fund Franklin Investors Securities Trust | 2026-07-31 | $37.6M | $74.6M | $0 |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $33.8M | $58.0M | $3.3M |
| Fidelity Advisor Multi-Asset Income Fund Fidelity School Street Trust | 2026-06-30 | $20.1M | $35.5M | new |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $16.6M | $31.5M | $4.4M |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $16.6M | $28.6M | $2.0M |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $17.1M | $28.4M | $10.3M |
| Virtus Convertible Fund Virtus Strategy Trust | 2026-06-30 | $16.5M | $27.5M | $10.1M |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $12.8M | $21.3M | $0 |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $11.0M | $19.5M | $2.5M |
| CALAMOS CONVERTIBLE & HIGH INCOME FUND | 2026-07-31 | $9.8M | $19.3M | $0 |
| CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND | 2026-07-31 | $9.2M | $18.3M | $0 |
| Calamos Convertible Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $9.0M | $17.8M | $0 |
| CALAMOS STRATEGIC TOTAL RETURN FUND | 2026-07-31 | $8.4M | $16.6M | $0 |
| Calamos Dynamic Convertible & Income Fund | 2026-07-31 | $7.5M | $14.9M | $0 |
| Calamos Growth & Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $6.5M | $13.0M | $0 |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $6.2M | $10.7M | $95K |
| Putnam Convertible Securities Fund | 2026-07-31 | $5.3M | $10.5M | $0 |
| Invesco Convertible Securities Fund AIM Growth Series (Invesco Growth Series) | 2026-06-30 | $5.8M | $10.2M | -$3.0M |
| Advent Convertible & Income Fund ADVENT CONVERTIBLE & INCOME FUND | 2026-07-31 | $4.7M | $9.4M | -$2.3M |
| Virtus Convertible & Income Fund | 2026-07-31 | $4.5M | $8.5M | $4.0M |
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $4.0M | $7.1M | new |
| JNL Multi-Manager Alternative Fund JNL Series Trust | 2026-06-30 | $4.0M | $6.9M | $2.6M |
| Virtus Convertible & Income Fund II | 2026-07-31 | $3.6M | $6.8M | $3.2M |
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 |
|---|---|---|---|---|---|
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 2 | $48.9M | $94.8M | 1.32% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 2 | $33.8M | $58.0M | 0.94% |
| JFLX JPMorgan Flexible Debt ETF | 2026-05-31 | 1 | $1.2M | $2.0M | 0.15% |
| FCVT First Trust SSI Strategic Convertible Securities ETF | 2026-07-31 | 1 | $772K | $1.5M | 1.46% |
| CRDT Simplify Opportunistic Income ETF | 2026-06-30 | 1 | $300K | $531K | 1.46% |
| NFLT Virtus Newfleet Multi-Sector Bond ETF | 2026-07-31 | 2 | $248K | $482K | 0.11% |
| HFSI Hartford Strategic Income ETF | 2026-07-31 | 1 | $217K | $430K | 0.04% |
| ACVT Advent Convertible Bond ETF | 2026-05-31 | 1 | $210K | $353K | 1.09% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $90K | $159K | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.13: safer than 67% of companies (67th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-07-31.
| Equity value | $111.49B |
| Debt barrier (short-term + ½ long-term debt) | $1.14B |
| Equity volatility (1 year) | 62.9% |
| Asset value / asset volatility (solved) | $112.59B / 62.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z'' = -4.51 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SNOW'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 | 228 | $884.3M | 2 | $2.3M | 2 | $1.7M | 2 |
| 2026-06-30 | 1,455 | $67.72B | 62 | $6.19B | 76 | $7.86B | 82 |
| 2026-03-31 | 1,270 | $32.67B | 51 | $2.66B | 54 | $3.45B | 77 |
| 2025-12-31 | 1,388 | $56.95B | 59 | $4.73B | 67 | $5.68B | 73 |
| 2025-09-30 | 1,338 | $53.75B | 66 | $4.04B | 66 | $4.76B | 76 |
| 2025-06-30 | 1,291 | $51.09B | 60 | $4.15B | 65 | $4.95B | 1 |
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.