Stagwell Inc. bonds STGW
Who owns Stagwell 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. STGW 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 |
|---|---|---|---|---|---|---|---|---|---|
| 59565JAA9 | 5.625% fixed | 2029-08-15 | USD | 97.25 | 6.64% | 237 bp | 42 | $98.2M | 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 | 1 | $98.2M | 97.25 | 6.64% | 237 bp | 42 |
| Jun 2026 | 1 | $298.4M | 96.50 | 6.88% | 273 bp | 90 |
| May 2026 | 1 | $120.6M | 97.24 | 6.59% | 254 bp | 47 |
| Apr 2026 | 1 | $85.3M | 95.16 | 7.30% | 346 bp | 39 |
| Mar 2026 | 1 | $294.2M | 95.29 | 7.22% | 346 bp | 85 |
| Feb 2026 | 1 | $104.9M | 92.11 | 8.29% | 474 bp | 45 |
| Jan 2026 | 1 | $86.6M | 97.02 | 6.58% | 292 bp | 39 |
| Dec 2025 | 1 | $271.0M | 97.60 | 6.38% | 278 bp | 85 |
| Nov 2025 | 1 | $106.8M | 97.12 | 6.51% | 291 bp | 46 |
| Oct 2025 | 1 | $100.3M | 95.32 | 7.05% | 347 bp | 40 |
| Sep 2025 | 1 | $235.2M | 97.17 | 6.46% | 286 bp | 80 |
| Aug 2025 | 1 | $121.0M | 96.36 | 6.69% | 296 bp | 46 |
| Jul 2025 | 1 | $116.1M | 96.28 | 6.69% | 279 bp | 40 |
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. 52 added, 26 cut, 17 new holders and 8 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $55.0M | $53.1M | $0 |
| Weitz Core Plus Income Fund Weitz Funds | 2026-06-30 | $35.4M | $34.1M | $0 |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $26.1M | $25.2M | -$1.5M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $22.8M | $22.1M | -$775K |
| High Yield Bond Series Manning & Napier Fund, Inc. | 2026-06-30 | $22.0M | $21.2M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $20.0M | $19.4M | $1.5M |
| American High Income Trust | 2026-06-30 | $19.4M | $18.7M | -$170K |
| T. Rowe Price Dynamic Global Bond Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $17.1M | $16.5M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $14.6M | $14.3M | $176K |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $14.5M | $14.0M | -$563K |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $11.2M | $10.9M | $4.5M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $10.6M | $10.3M | $3.1M |
| Weitz Short Durations Income Fund Weitz Funds | 2026-06-30 | $10.4M | $10.1M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $9.8M | $9.5M | -$50K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.8M | $8.5M | $2.3M |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $8.0M | $7.7M | $460K |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $7.7M | $7.5M | $0 |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $7.4M | $7.2M | $2.0M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.2M | $6.9M | -$673K |
| Hotchkis and Wiley High Yield Fund HOTCHKIS & WILEY FUNDS/DE/ | 2026-06-30 | $7.1M | $6.8M | $0 |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $6.6M | $6.4M | $0 |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $6.3M | $6.1M | $120K |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $6.2M | $6.0M | -$502K |
| T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. | 2026-05-31 | $6.1M | $5.9M | $0 |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $5.9M | $5.7M | $90K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Nomura High Income Fund ($14.4M), Nomura VIP High Income Series ($4.2M), LVIP Nomura High Yield Fund ($1.3M), Nomura VIP Fund for Income Series ($575K), MFS MULTIMARKET INCOME TRUST ($563K), BlackRock Global Allocation Fund, Inc. ($126K), BlackRock Ltd Duration Income Trust ($101K), iShares ESG Advanced Universal USD Bond ETF ($75K).
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 | 1 | $20.0M | $19.4M | 0.07% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $14.5M | $14.0M | 0.09% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $10.6M | $10.3M | 0.14% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $9.8M | $9.5M | 0.12% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $8.8M | $8.5M | 0.07% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $7.2M | $6.9M | 0.14% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $6.2M | $6.0M | 0.35% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $5.3M | $5.1M | 0.23% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $4.6M | $4.5M | 0.05% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 1 | $3.9M | $3.7M | 0.07% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $3.3M | $3.2M | 0.09% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 1 | $3.1M | $3.1M | 0.02% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $2.2M | $2.1M | 0.09% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $2.0M | $1.9M | 0.07% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $1.9M | $1.9M | 0.38% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.22: safer than 28% of companies (30th percentile in Communication Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $2.18B |
| Debt barrier (short-term + ½ long-term debt) | $725.1M |
| Equity volatility (1 year) | 54.7% |
| Asset value / asset volatility (solved) | $2.88B / 41.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 237 bp spread prices in about 4.0% 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'' = -0.00 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in STGW'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 | 18 | $17.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 177 | $761.9M | 5 | $1.7M | 7 | $41.6M | 0 |
| 2026-03-31 | 175 | $609.8M | 4 | $237K | 9 | $9.5M | 0 |
| 2025-12-31 | 168 | $460.0M | 1 | $2K | 3 | $422K | 0 |
| 2025-09-30 | 160 | $541.0M | 1 | $6K | 4 | $1.3M | 0 |
| 2025-06-30 | 153 | $445.5M | 2 | $4K | 5 | $1.1M | 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.