Block, Inc. bonds SQ
Who owns Block, 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. SQ 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 |
|---|---|---|---|---|---|---|---|---|---|
| 852234AK9 convertible | 0.25% fixed | 2027-11-01 | USD | 94.98 | — | — | 13 | $50.7M | Jul 2026 |
| 852234AT0 | 5.625% fixed | 2030-08-15 | USD | 99.50 | 5.76% | 147 bp | 78 | $166.1M | Jul 2026 |
| 852234AP8 | 3.5% fixed | 2031-06-01 | USD | 91.18 | 5.61% | 128 bp | 29 | $79.4M | Jul 2026 |
| 852234AS2 | 6.5% fixed | 2032-05-15 | USD | 101.07 | 6.27% | 189 bp | 66 | $234.8M | Jul 2026 |
| 852234AU7 | 6% fixed | 2033-08-15 | USD | 99.20 | 6.14% | 168 bp | 74 | $116.0M | 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 | 5 | $647.0M | 99.20 | 5.95% | 157 bp | 78 |
| Jun 2026 | 5 | $988.6M | 100.28 | 5.71% | 145 bp | 122 |
| May 2026 | 6 | $517.2M | 100.02 | 5.78% | 154 bp | 58 |
| Apr 2026 | 7 | $795.5M | 99.85 | 5.81% | 179 bp | 86 |
| Mar 2026 | 7 | $1.17B | 99.48 | 6.02% | 208 bp | 123 |
| Feb 2026 | 6 | $525.7M | 100.46 | 5.52% | 174 bp | 60 |
| Jan 2026 | 7 | $866.3M | 99.42 | 5.41% | 153 bp | 95 |
| Dec 2025 | 7 | $1.34B | 99.42 | 5.34% | 153 bp | 128 |
| Nov 2025 | 7 | $568.0M | 99.27 | 5.36% | 157 bp | 60 |
| Oct 2025 | 7 | $812.2M | 98.88 | 5.45% | 168 bp | 102 |
| Sep 2025 | 7 | $1.33B | 98.73 | 5.46% | 166 bp | 135 |
| Aug 2025 | 7 | $515.7M | 98.35 | 5.34% | 140 bp | 64 |
| Jul 2025 | 5 | $477.2M | 96.06 | 5.60% | 151 bp | 67 |
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. 95 added, 103 cut, 14 new holders and 44 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $107.7M | $108.3M | -$42.1M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $108.4M | $106.8M | $9.6M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $100.0M | $101.1M | -$8.4M |
| American High Income Trust | 2026-06-30 | $85.1M | $82.3M | -$60.3M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $75.4M | $76.1M | -$10.2M |
| Artisan High Income Fund Artisan Partners Funds Inc. | 2026-06-30 | $74.5M | $75.0M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $74.7M | $73.9M | -$1.3M |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $65.1M | $65.1M | -$42.7M |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $62.8M | $63.7M | $1.4M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $50.4M | $50.6M | $18.1M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $43.4M | $43.4M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $42.8M | $42.8M | $8.0M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $39.2M | $39.8M | -$34.0M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $35.9M | $34.7M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $32.6M | $33.1M | -$2.0M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $27.8M | $28.1M | $328K |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $24.6M | $24.8M | -$1.1M |
| American Funds Strategic Bond Fund | 2026-06-30 | $22.4M | $22.8M | $0 |
| Income Fund of America | 2026-07-31 | $23.5M | $22.5M | -$7.9M |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $20.5M | $20.8M | $1.0M |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $20.0M | $19.0M | -$41.0M |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $19.1M | $18.9M | $0 |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $18.5M | $18.7M | -$1.6M |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $17.8M | $17.8M | $0 |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $17.8M | $17.5M | $600K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares iBonds 2026 Term High Yield and Income ETF ($24.0M), T. Rowe Price Dynamic Global Bond Fund ($23.5M), High Yield Fund ($18.5M), Putnam Short Duration Bond Fund ($10.6M), VictoryShares Short-Term Bond ETF ($8.3M), Guggenheim Limited Duration Fund ($7.8M), Victory Short-Term Bond Fund ($7.5M), Invesco Convertible Securities Fund ($6.3M), Empower Short Duration Bond Fund ($2.9M), Guggenheim Strategic Opportunities Fund ($2.8M).
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 | 4 | $108.4M | $106.8M | 0.37% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 4 | $74.7M | $73.9M | 0.46% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 4 | $42.8M | $42.8M | 0.38% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 3 | $32.6M | $33.1M | 0.45% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 3 | $18.5M | $18.7M | 0.36% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $16.8M | $16.1M | 0.21% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 4 | $15.6M | $15.5M | 0.44% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $13.1M | $13.1M | 0.34% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $12.4M | $11.8M | 0.16% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 4 | $9.0M | $9.0M | 0.41% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 2 | $8.3M | $8.3M | 0.51% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 4 | $8.1M | $7.9M | 0.03% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $8.2M | $7.8M | 0.13% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 3 | $7.9M | $7.7M | 0.86% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 4 | $7.8M | $7.7M | 0.30% |
Default risk, three ways
Stock market: distance-to-default
No stock-market measure for this issuer.
Bond market: priced-in odds
A 157 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
Not available.
The stock side: 13F filings
What institutions report holding in SQ'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 | 128 | $212.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,072 | $30.34B | 47 | $1.04B | 42 | $1.35B | 32 |
| 2026-03-31 | 979 | $18.17B | 43 | $1.06B | 39 | $1000.0M | 53 |
| 2025-12-31 | 1,018 | $25.16B | 46 | $1.20B | 43 | $1.23B | 49 |
| 2025-09-30 | 1,024 | $27.79B | 55 | $1.67B | 52 | $1.72B | 56 |
| 2025-06-30 | 981 | $24.66B | 49 | $1.61B | 50 | $1.67B | 53 |
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.