Spire Inc. bonds SR
Who owns Spire 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. SR 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 |
|---|---|---|---|---|---|---|---|---|---|
| 84857LAF8 | 4.6% fixed | 2031-09-01 | USD | 97.37 | 5.19% | 86 bp | 12 | $31.6M | Jul 2026 |
| 84859DAD9 | 5.15% fixed | 2034-08-15 | USD | 98.86 | 5.33% | 82 bp | 5 | $1.8M | Jul 2026 |
| 505597AD6 | 4.7% fixed | 2044-08-15 | USD | 82.49 | 6.34% | 133 bp | 1 | $15K | Jul 2026 |
| 84857LAD3 | 6.25% fixed | 2056-06-01 | USD | 98.98 | 6.33% | 122 bp | 21 | $52.5M | Jul 2026 |
| 84857LAE1 | 6.45% fixed | 2056-06-01 | USD | 99.69 | 6.47% | 137 bp | 20 | $64.5M | 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 | 5 | $150.4M | 98.86 | 6.33% | 122 bp | 21 |
| Jun 2026 | 5 | $208.1M | 99.62 | 6.09% | 123 bp | 44 |
| May 2026 | 5 | $70.0M | 99.85 | 5.02% | 69 bp | 22 |
| Apr 2026 | 5 | $150.0M | 99.68 | 5.05% | 84 bp | 21 |
| Mar 2026 | 5 | $198.9M | 98.92 | 5.00% | 97 bp | 40 |
| Feb 2026 | 6 | $98.8M | 100.70 | 4.64% | 70 bp | 20 |
| Jan 2026 | 5 | $129.4M | 100.10 | 5.44% | 104 bp | 21 |
| Dec 2025 | 5 | $216.2M | 99.72 | 5.39% | 104 bp | 40 |
| Nov 2025 | 5 | $70.2M | 100.11 | 5.25% | 95 bp | 12 |
| Oct 2025 | 3 | $3.6M | 100.29 | 5.30% | 104 bp | 5 |
| Sep 2025 | 3 | $74.7M | 100.39 | 5.39% | 105 bp | 14 |
| Aug 2025 | 3 | $44.3M | 100.38 | 5.50% | 102 bp | 10 |
| Jul 2025 | 3 | $3.1M | 100.28 | 5.62% | 102 bp | 5 |
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. 33 added, 22 cut, 5 new holders and 12 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| MFS Corporate Bond Fund MFS Series Trust IX | 2026-07-31 | $34.5M | $33.8M | -$2.6M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $26.2M | $26.2M | $5.5M |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $24.3M | $24.4M | $3.6M |
| Cohen & Steers Preferred Securities & Income Fund, Inc. COHEN & STEERS PREFERRED SECURITIES & INCOME FUND, INC. | 2026-06-30 | $20.4M | $20.4M | $0 |
| First Trust Preferred Securities and Income ETF First Trust Exchange-Traded Fund III | 2026-07-31 | $18.6M | $18.5M | $0 |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $18.5M | $18.4M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $18.0M | $18.0M | $129K |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $15.8M | $15.7M | $6.2M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $13.7M | $13.7M | $0 |
| Brookfield Infrastructure Income Fund Inc. | 2026-06-30 | $12.5M | $12.3M | $0 |
| First Trust Institutional Preferred Securities and Income ETF First Trust Exchange-Traded Fund III | 2026-07-31 | $12.2M | $12.2M | $0 |
| Cohen & Steers Short Duration Preferred & Income Fund,Inc. Cohen & Steers Short Duration Preferred & Income Fund, Inc. | 2026-07-31 | $11.7M | $11.6M | $0 |
| Invesco Variable Rate Preferred ETF Invesco Exchange-Traded Fund Trust II | 2026-05-31 | $9.3M | $9.3M | $1.1M |
| Principal Spectrum Preferred Securities Active ETF Principal Exchange-Traded Funds | 2026-06-30 | $6.8M | $6.9M | $1.5M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $6.8M | $6.8M | $0 |
| Neuberger Strategic Income Fund NEUBERGER BERMAN INCOME FUNDS | 2026-07-31 | $6.7M | $6.7M | -$430K |
| Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund | 2026-07-31 | $6.6M | $6.6M | $0 |
| Thornburg Limited Term Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $6.5M | $6.4M | $0 |
| Brookfield Real Assets Income Fund Inc. | 2026-06-30 | $6.3M | $6.4M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $6.1M | $6.1M | $455K |
| Virtus Newfleet Multi-Sector Short Term Bond Fund Virtus Opportunities Trust | 2026-06-30 | $6.1M | $6.0M | $0 |
| Guggenheim Strategic Opportunities Fund | 2026-05-29 | $5.9M | $5.9M | $645K |
| Victory Pioneer Strategic Income Fund Victory Portfolios IV | 2026-06-30 | $5.8M | $5.8M | $3.6M |
| First Trust Intermediate Duration Preferred & Income Fund | 2026-07-31 | $5.5M | $5.5M | $0 |
| ICON FLEXIBLE BOND FUND SCM Trust | 2026-06-30 | $5.0M | $5.0M | $2.0M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Ultra Short Bond Fund ($30.3M), Lord Abbett Income Fund ($5.0M), PIMCO Investment Grade Credit Bond Portfolio ($2.5M), MFS MULTIMARKET INCOME TRUST ($1.2M), Jackson Credit Opportunities Fund ($900K), Western Asset Corporate Bond Fund ($550K), PIA Short-Term Securities Fund ($500K), Thompson Bond Fund ($222K), Strategic Allocation: Moderate Fund ($110K), Avantis Short-Term Fixed Income ETF ($100K).
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 |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $26.2M | $26.2M | 0.04% |
| FPE First Trust Preferred Securities and Income ETF | 2026-07-31 | 1 | $18.6M | $18.5M | 0.29% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 4 | $18.0M | $18.0M | 0.00% |
| FPEI First Trust Institutional Preferred Securities and Income ETF | 2026-07-31 | 1 | $12.2M | $12.2M | 0.63% |
| VRP Invesco Variable Rate Preferred ETF | 2026-05-31 | 2 | $9.3M | $9.3M | 0.32% |
| PREF Principal Spectrum Preferred Securities Active ETF | 2026-06-30 | 1 | $6.8M | $6.9M | 0.39% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $6.8M | $6.8M | 0.01% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 3 | $6.1M | $6.1M | 0.05% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $3.7M | $3.8M | 0.02% |
| NEAR iShares Short Duration Bond Active ETF | 2026-07-31 | 1 | $3.3M | $3.2M | 0.07% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 2 | $2.4M | $2.4M | 0.00% |
| JHPI John Hancock Preferred Income ETF | 2026-06-30 | 1 | $1.9M | $1.9M | 0.91% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $1.6M | $1.6M | 0.00% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $1.6M | $1.5M | 0.01% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 2 | $1.5M | $1.5M | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.29: safer than 68% of companies (70th percentile in Utilities). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $4.80B |
| Debt barrier (short-term + ½ long-term debt) | $4.38B |
| Equity volatility (1 year) | 19.5% |
| Asset value / asset volatility (solved) | $9.00B / 10.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 122 bp spread prices in about 2.0% 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'' = 0.34 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SR'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 | 36 | $36.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 382 | $4.06B | 3 | $875K | 2 | $648K | 0 |
| 2026-03-31 | 382 | $3.90B | 1 | $235K | 3 | $905K | 0 |
| 2025-12-31 | 353 | $4.23B | 1 | $66K | 2 | $471K | 0 |
| 2025-09-30 | 330 | $4.20B | 0 | — | 1 | $310K | 0 |
| 2025-06-30 | 326 | $3.79B | 1 | $0 | 2 | $328K | 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.