Starwood Property Trust, Inc. bonds STWD
Who owns Starwood Property Trust, 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. STWD 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 |
|---|---|---|---|---|---|---|---|---|---|
| 85571BAY1 | 4.375% fixed | 2027-01-15 | USD | 99.90 | 4.55% | 80 bp | 24 | $64.9M | Jun 2026 |
| 85571BBA2 convertible | 6.75% fixed | 2027-07-15 | USD | 101.20 | — | — | 6 | $9.9M | Jul 2026 |
| 85571BBF1 | 5.25% fixed | 2028-10-15 | USD | 99.10 | 5.68% | 146 bp | 35 | $55.6M | Jul 2026 |
| 85571BBB0 | 7.25% fixed | 2029-04-01 | USD | 103.12 | 5.96% | 172 bp | 47 | $107.3M | Jul 2026 |
| 85571BBJ3 | 5.875% fixed | 2029-08-15 | USD | 100.21 | 5.80% | 154 bp | 66 | $53.0M | Jul 2026 |
| 85571BBC8 | 6% fixed | 2030-04-15 | USD | 100.24 | 5.92% | 164 bp | 52 | $64.1M | Jul 2026 |
| 85571BBD6 | 6.5% fixed | 2030-07-01 | USD | 101.61 | 6.03% | 174 bp | 57 | $89.1M | Jul 2026 |
| 85571BBE4 | 6.5% fixed | 2030-10-15 | USD | 101.41 | 6.11% | 181 bp | 47 | $75.9M | Jul 2026 |
| 85571BBG9 | 5.75% fixed | 2031-01-15 | USD | 98.50 | 6.14% | 183 bp | 31 | $64.1M | Jul 2026 |
| 85571BBH7 | 6.125% fixed | 2031-06-01 | USD | 99.78 | 6.18% | 185 bp | 65 | $57.3M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $60K | 99.31 | 5.59% | 137 bp | 1 |
| Jul 2026 | 9 | $576.2M | 100.24 | 6.00% | 173 bp | 66 |
| Jun 2026 | 11 | $902.7M | 100.37 | 5.88% | 169 bp | 106 |
| May 2026 | 10 | $456.6M | 100.99 | 5.80% | 172 bp | 39 |
| Apr 2026 | 9 | $550.7M | 101.11 | 5.77% | 185 bp | 59 |
| Mar 2026 | 9 | $691.4M | 99.84 | 6.04% | 222 bp | 79 |
| Feb 2026 | 8 | $430.0M | 101.73 | 5.45% | 181 bp | 38 |
| Jan 2026 | 9 | $561.6M | 102.81 | 5.37% | 168 bp | 59 |
| Dec 2025 | 9 | $721.6M | 102.67 | 5.33% | 171 bp | 81 |
| Nov 2025 | 9 | $422.8M | 103.00 | 5.24% | 166 bp | 40 |
| Oct 2025 | 9 | $534.1M | 102.17 | 5.45% | 183 bp | 66 |
| Sep 2025 | 9 | $748.7M | 101.52 | 5.64% | 201 bp | 79 |
| Aug 2025 | 7 | $331.4M | 103.49 | 5.59% | 181 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. 237 added, 59 cut, 64 new holders and 15 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $111.4M | $113.0M | $3.1M |
| American High Income Trust | 2026-06-30 | $93.0M | $93.8M | $17.3M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $75.3M | $75.7M | $21.2M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $67.7M | $69.5M | $4.8M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $55.5M | $55.7M | $1.0M |
| Income Fund of America | 2026-07-31 | $52.8M | $53.9M | -$33.1M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $51.0M | $51.6M | $10.9M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $45.2M | $45.8M | -$2.2M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $43.9M | $43.9M | $25.3M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $42.2M | $42.4M | $2.9M |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $35.9M | $36.0M | $20.5M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $32.9M | $33.1M | -$2.1M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $32.0M | $32.2M | $5.3M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $29.2M | $29.9M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $26.6M | $26.9M | $5.9M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $26.8M | $26.8M | $4.4M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $25.5M | $25.7M | -$378K |
| Loomis Sayles Core Plus Bond Fund Natixis Funds Trust I | 2026-06-30 | $24.6M | $24.7M | $0 |
| College Retirement Equities Fund - Responsible Balanced Account College Retirement Equities Fund | 2026-06-30 | $24.3M | $24.4M | $2.0M |
| Allspring Short-Term High Income Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $20.7M | $20.6M | $0 |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $20.0M | $20.1M | $6.2M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $19.6M | $19.4M | $6.0M |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $19.1M | $19.3M | $4.1M |
| Nuveen Core Impact Bond Fund TIAA-CREF Funds | 2026-06-30 | $16.6M | $16.7M | $1.6M |
| PIMCO Low Duration Income Fund PIMCO FUNDS | 2026-06-30 | $15.9M | $16.0M | new |
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 ($15.5M), Calamos Market Neutral Income Fund ($5.0M), High Yield Bond Series ($4.9M), Payden Core Bond Fund ($2.9M), iShares iBonds 2027 Term High Yield and Income ETF ($2.7M), BBH Income Fund ($2.1M), Victory Short-Term Bond Fund ($1.6M), Palmer Square Income Plus Fund ($1.5M), STERLING CAPITAL ENHANCED CORE BOND ETF ($956K), Old Westbury Credit Income Fund ($800K).
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 | 8 | $75.3M | $75.7M | 0.26% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 7 | $45.2M | $45.8M | 0.28% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 8 | $32.9M | $33.1M | 0.44% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 7 | $26.6M | $26.9M | 0.37% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 9 | $26.8M | $26.8M | 0.55% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 7 | $25.5M | $25.7M | 0.23% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 3 | $12.7M | $12.7M | 0.25% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 8 | $11.8M | $11.9M | 0.71% |
| BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $11.3M | $11.4M | 1.10% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 7 | $9.2M | $9.4M | 0.27% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 7 | $7.7M | $7.7M | 0.59% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $7.3M | $7.4M | 0.10% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 7 | $7.3M | $7.4M | 0.31% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 3 | $7.3M | $7.3M | 0.09% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 1 | $6.4M | $6.4M | 0.54% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 173 bp spread prices in about 2.9% 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 STWD'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 | 60 | $45.1M | 0 | — | 1 | $7K | 2 |
| 2026-06-30 | 511 | $3.01B | 16 | $117.1M | 10 | $22.1M | 30 |
| 2026-03-31 | 509 | $2.48B | 17 | $113.4M | 8 | $18.9M | 31 |
| 2025-12-31 | 517 | $3.33B | 18 | $130.3M | 12 | $48.1M | 32 |
| 2025-09-30 | 520 | $3.58B | 21 | $131.5M | 13 | $89.2M | 34 |
| 2025-06-30 | 498 | $3.47B | 22 | $118.4M | 15 | $105.7M | 35 |
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.