Snam S.p.A. bonds SRG.MI
Who owns Snam S.p.A.'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. SRG.MI 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 |
|---|---|---|---|---|---|---|---|---|---|
| QZ8441011 | 0.875% fixed | 2026-10-25 | EUR | 99.44 | 2.64% | — | 2 | $9.2M | Jun 2026 |
| T8578NDQ3 | 1.38% fixed | 2027-10-25 | EUR | 98.09 | 2.98% | — | 1 | $520K | Jul 2026 |
| ZF9822080 | 3.375% fixed | 2028-02-19 | EUR | 100.65 | 2.98% | — | 1 | $1.1M | May 2026 |
| T8578NRK1 | 0% none | 2028-12-07 | EUR | 92.76 | — | — | 2 | $702K | Jul 2026 |
| T8578NTJ2 | 0.75% fixed | 2029-06-20 | EUR | 92.81 | 3.41% | — | 3 | $20.5M | Jul 2026 |
| XS2896350175 | 4.5% variable | 2029-09-10 | EUR | 100.77 | — | — | 2 | $9.3M | Jul 2026 |
| XS2725959683 | 4% fixed | 2029-11-27 | EUR | 101.70 | 3.44% | — | 7 | $18.4M | Jul 2026 |
| 83304JAA5 | 5% fixed | 2030-05-28 | USD | 99.73 | 5.08% | 79 bp | 4 | $2.0M | Jul 2026 |
| BJ9805455 | 0.75% fixed | 2030-06-17 | EUR | 182.37 | — | — | 1 | $1.0M | Jun 2026 |
| T8578NQH9 | 0.75% fixed | 2030-06-17 | EUR | 90.30 | 3.46% | — | 2 | $24.0M | Jul 2026 |
| XS3406813124 | 3.13% fixed | 2030-06-22 | EUR | 98.47 | 3.56% | — | 1 | $341K | Jul 2026 |
| XS3266589525 | 1.75% fixed | 2031-01-14 | EUR | 102.21 | 1.26% | — | 1 | $1.7M | May 2026 |
| T8578NSS3 | 0.625% fixed | 2031-06-30 | EUR | 86.68 | 3.63% | — | 3 | $19.5M | Jul 2026 |
| T8578NG72 | 3.38% fixed | 2031-11-26 | EUR | 98.47 | 3.70% | — | 1 | $227K | Jul 2026 |
| YN6823010 | 3.25% fixed | 2032-07-01 | EUR | 97.37 | 3.75% | — | 3 | $785K | Jul 2026 |
| ZF9822072 | 3.875% fixed | 2034-02-19 | EUR | 99.41 | 3.96% | — | 4 | $38.7M | Jul 2026 |
| XS2433226854 | 1.25% fixed | 2034-06-20 | EUR | 82.13 | 3.93% | — | 2 | $284K | Jul 2026 |
| T8578NMU4 | 1% fixed | 2034-09-12 | EUR | 79.96 | 3.93% | — | 3 | $8.3M | Jul 2026 |
| 83304JAB3 | 5.75% fixed | 2035-05-28 | USD | 101.00 | 5.60% | 106 bp | 4 | $2.0M | Jul 2026 |
| XS3406814445 | 3.88% fixed | 2036-06-22 | EUR | 97.77 | 4.16% | — | 1 | $169K | Jul 2026 |
| YT3459286 | 5.75% fixed | 2036-11-26 | GBP | 97.79 | 6.04% | — | 2 | $1.4M | Jul 2026 |
| 83304JAC1 | 6.5% fixed | 2055-05-28 | USD | 100.54 | 6.46% | 136 bp | 3 | $712K | 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 | 18 | $147.8M | 97.94 | 5.60% | 106 bp | 7 |
| Jun 2026 | 8 | $159.8M | 100.94 | 5.31% | 89 bp | 18 |
| May 2026 | 5 | $67.9M | 102.21 | 5.34% | 91 bp | 12 |
| Apr 2026 | 17 | $151.6M | 98.03 | 5.35% | 109 bp | 7 |
| Mar 2026 | 9 | $163.6M | 99.74 | 5.47% | 128 bp | 18 |
| Feb 2026 | 4 | $75.3M | 104.77 | 4.97% | 90 bp | 13 |
| Jan 2026 | 18 | $151.3M | 100.13 | 5.13% | 97 bp | 6 |
| Dec 2025 | 9 | $167.6M | 102.04 | 5.12% | 103 bp | 18 |
| Nov 2025 | 4 | $86.1M | 106.24 | 5.13% | 108 bp | 15 |
| Oct 2025 | 18 | $156.9M | 100.67 | 5.19% | 116 bp | 6 |
| Sep 2025 | 8 | $139.9M | 101.97 | 5.25% | 116 bp | 22 |
| Aug 2025 | 3 | $90.6M | 102.74 | 5.38% | 115 bp | 15 |
| Jul 2025 | 20 | $169.9M | 99.99 | 5.41% | 103 bp | 6 |
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. 8 added, 7 cut, 4 new holders and 10 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $60.5M | $65.0M | $4.0M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $45.5M | $48.8M | $7.0M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $43.5M | $45.4M | $0 |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $23.8M | $23.9M | $0 |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $22.0M | $22.7M | $538K |
| PIMCO Total Return Fund PIMCO FUNDS | 2026-06-30 | $14.2M | $14.3M | $0 |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $9.7M | $11.4M | $0 |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $9.4M | $9.6M | $0 |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $8.9M | $9.4M | $0 |
| PIMCO Sector Fund Series - I PIMCO FUNDS | 2026-06-30 | $8.5M | $8.7M | $0 |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $8.1M | $8.2M | $0 |
| T. Rowe Price International Bond Fund (USD Hedged) T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $7.0M | $7.9M | $0 |
| Invesco Corporate Bond Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $7.0M | $7.2M | -$400K |
| Fidelity SAI International Credit Fund Fidelity Salem Street Trust | 2026-06-30 | $6.0M | $6.2M | $0 |
| Western Asset Core Plus Bond Fund Western Asset Funds Inc | 2026-06-30 | $5.6M | $5.7M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $5.0M | $5.1M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $4.6M | $4.6M | $115K |
| DFA Global Core Plus Fixed Income Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $4.5M | $4.5M | -$2.5M |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $3.2M | $3.6M | -$1.3M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.5M | $3.6M | $505K |
| PIMCO Total Return ESG Fund PIMCO FUNDS | 2026-06-30 | $3.5M | $3.5M | $0 |
| PIMCO Long-Term Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $3.0M | $3.2M | $0 |
| Thornburg Limited Term Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $2.8M | $2.8M | $0 |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $2.4M | $2.5M | $0 |
| DFA TARGETED CREDIT PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $2.1M | $2.5M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Dimensional International Core Fixed Income ETF ($8.2M), T. Rowe Price New Income Fund, Inc. ($4.4M), CTIVP - American Century Diversified Bond Fund ($2.5M), Diversified Bond Fund ($1.9M), T. Rowe Price Corporate Income Fund, Inc. ($1.3M), JPMorgan Global Active Allocation Portfolio ($1.0M), Core Plus Fund ($417K), T. Rowe Price Spectrum Moderate Allocation Fund ($200K), T. Rowe Price Spectrum Moderate Growth Allocation Fund ($200K), T. Rowe Price Spectrum Conservative Allocation Fund ($200K).
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 |
|---|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 6 | $45.5M | $48.8M | 0.04% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $5.0M | $5.1M | 0.03% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $4.6M | $4.6M | 0.02% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 11 | $3.2M | $3.6M | 0.03% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $3.5M | $3.6M | 0.02% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 2 | $1.6M | $1.8M | 0.03% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $1.8M | $1.8M | 0.00% |
| PICB Invesco International Corporate Bond ETF | 2026-07-31 | 3 | $1.4M | $1.7M | 0.48% |
| CORP PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $1.5M | $1.6M | 0.10% |
| IBND State Street(R) SPDR(R) Bloomberg International Corporate Bond ETF | 2026-06-30 | 2 | $1.1M | $1.2M | 0.27% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 1 | $1.0M | $1.0M | 0.03% |
| DGCB Dimensional Global Credit ETF | 2026-07-31 | 1 | $1.0M | $922K | 0.09% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $749K | $771K | 0.00% |
| IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $555K | $576K | 0.02% |
| CPLS AB Core Plus Bond ETF | 2026-05-31 | 1 | $348K | $362K | 0.17% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.36: safer than 42% of companies (43th percentile in Utilities). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $23.09B |
| Debt barrier (short-term + ½ long-term debt) | $15.38B |
| Equity volatility (1 year) | 34.6% |
| Asset value / asset volatility (solved) | $37.82B / 21.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 106 bp spread prices in about 1.8% 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'' = 0.76 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
Against its own government
Yield minus the government's fitted curve at the same maturity, same currency, bonds with at least $25M held and 3 funds pricing them: EUR 7.6y +24 bp (as of Jul 2026).
The stock side: 13F filings
What institutions report holding in SRG.MI'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 | 1 | $31K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 4 | $257K | 0 | — | 0 | — | 0 |
| 2026-03-31 | 4 | $132K | 0 | — | 0 | — | 0 |
| 2025-12-31 | 5 | $79K | 0 | — | 0 | — | 0 |
| 2025-09-30 | 3 | $28K | 0 | — | 0 | — | 0 |
| 2025-06-30 | 3 | $24K | 0 | — | 0 | — | 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.