Spectrum Brands Holdings, Inc. bonds SPB
Who owns Spectrum Brands 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. SPB 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 |
|---|---|---|---|---|---|---|---|---|---|
| 84762LAZ8 convertible | 3.375% fixed | 2029-06-01 | USD | 104.70 | — | — | 15 | $42.6M | Jul 2026 |
| 84762LAX3 | 3.875% fixed | 2031-03-15 | USD | 87.84 | 7.00% | 268 bp | 15 | $14.5M | 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 | 2 | $57.0M | 96.27 | 7.00% | 268 bp | 15 |
| Jun 2026 | 2 | $53.2M | 96.04 | 6.94% | 274 bp | 28 |
| May 2026 | 2 | $14.1M | 94.04 | 7.08% | 295 bp | 13 |
| Apr 2026 | 2 | $57.9M | 94.90 | 6.93% | 300 bp | 16 |
| Mar 2026 | 2 | $48.9M | 93.12 | 7.14% | 330 bp | 20 |
| Feb 2026 | 2 | $16.4M | 94.43 | 6.79% | 311 bp | 13 |
| Jan 2026 | 2 | $55.9M | 88.87 | 8.54% | 475 bp | 18 |
| Dec 2025 | 2 | $46.5M | 88.23 | 8.24% | 452 bp | 25 |
| Nov 2025 | 2 | $15.2M | 87.58 | 8.22% | 452 bp | 13 |
| Oct 2025 | 2 | $58.5M | 87.12 | 8.34% | 466 bp | 18 |
| Sep 2025 | 2 | $44.3M | 86.65 | 8.46% | 475 bp | 27 |
| Aug 2025 | 2 | $14.9M | 86.29 | 8.45% | 460 bp | 13 |
| Jul 2025 | 2 | $60.6M | 85.39 | 8.46% | 445 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. 5 added, 16 cut, 17 new holders and 10 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $11.4M | $11.9M | $0 |
| Miller Market Neutral Income Fund Miller Investment Trust | 2026-07-31 | $8.0M | $8.4M | new |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $7.4M | $7.8M | $0 |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $7.0M | $7.3M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $6.8M | $7.2M | $1.1M |
| Greenspring Income Opportunities Fund Manager Directed Portfolios | 2026-06-30 | $6.7M | $6.2M | $0 |
| Allspring Diversified Capital Builder Fund ALLSPRING FUNDS TRUST | 2026-06-30 | $6.2M | $5.4M | $0 |
| EUBEL BRADY & SUTTMAN INCOME AND APPRECIATION FUND Eubel Brady & Suttman Mutual Fund Trust | 2026-07-31 | $5.0M | $5.2M | $0 |
| American Beacon SSI Alternative Income Fund AMERICAN BEACON FUNDS | 2026-06-30 | $4.9M | $5.1M | $1.8M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $5.7M | $5.0M | -$2.4M |
| JPMorgan Global Bond Opportunities Fund JPMorgan Trust I | 2026-05-31 | $4.6M | $4.6M | $0 |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $4.3M | $4.5M | $0 |
| Victory Pioneer High Yield Fund Victory Portfolios IV | 2026-07-31 | $4.8M | $4.2M | $0 |
| Putnam Convertible Securities Fund | 2026-07-31 | $3.7M | $3.8M | -$1.5M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $4.0M | $3.5M | $0 |
| Calvert High Yield Bond Fund Calvert Fund | 2026-06-30 | $3.1M | $2.7M | $0 |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $3.0M | $2.6M | $0 |
| Empower High Yield Bond Fund EMPOWER FUNDS, INC. | 2026-06-30 | $2.0M | $2.1M | $0 |
| TCW Flexible Income ETF TCW ETF Trust | 2026-07-31 | $2.2M | $2.0M | $0 |
| TCW METWEST HIGH YIELD BOND FUND TCW Metropolitan West Funds | 2026-06-30 | $2.2M | $1.9M | $0 |
| TCW METWEST UNCONSTRAINED BOND FUND TCW Metropolitan West Funds | 2026-06-30 | $2.0M | $1.8M | -$105K |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $2.0M | $1.7M | $0 |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $1.6M | $1.5M | -$75K |
| JPMorgan Flexible Debt ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $1.4M | $1.4M | $0 |
| Loomis Sayles Strategic Income Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $1.3M | $1.3M | new |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Miller Convertible Bond Fund ($5.0M), Miller Intermediate Bond Fund ($4.0M), AQR Diversified Arbitrage Fund ($2.0M), TCW STRATEGIC INCOME FUND INC ($435K), JNL Multi-Manager Alternative Fund ($159K), Lazard Enhanced Opportunities Portfolio ($74K), Franklin Alternative Strategies Fund ($70K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($42K), PACE Alternative Strategies Investments ($41K), TCW METWEST ULTRA SHORT BOND FUND ($6K).
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 | 1 | $6.8M | $7.2M | 0.10% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $4.3M | $4.5M | 0.07% |
| JFLX JPMorgan Flexible Debt ETF | 2026-05-31 | 1 | $1.4M | $1.4M | 0.11% |
| FIXD First Trust Smith Opportunistic Fixed Income ETF | 2026-05-31 | 1 | $637K | $561K | 0.02% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 1 | $364K | $320K | 0.01% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $129K | $112K | 0.00% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $15K | $13K | 0.00% |
| UNIY WisdomTree VOYA Yield Enhanced USD Universal Bond Fund | 2026-05-31 | 1 | $8K | $7K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.67: safer than 64% of companies (54th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-28.
| Equity value | $1.76B |
| Debt barrier (short-term + ½ long-term debt) | $301.8M |
| Equity volatility (1 year) | 33.5% |
| Asset value / asset volatility (solved) | $2.05B / 28.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 268 bp spread prices in about 4.5% 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 = 2.80 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SPB'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 | 31 | $23.8M | 1 | $7.2M | 0 | — | 0 |
| 2026-06-30 | 295 | $2.19B | 4 | $411K | 11 | $89.4M | 0 |
| 2026-03-31 | 267 | $1.73B | 8 | $1.3M | 11 | $77.8M | 0 |
| 2025-12-31 | 243 | $1.55B | 7 | $11.1M | 9 | $47.5M | 0 |
| 2025-09-30 | 246 | $1.36B | 8 | $11.9M | 7 | $50.2M | 0 |
| 2025-06-30 | 244 | $1.43B | 10 | $13.8M | 8 | $44.2M | 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.