Sunoco LP bonds SUN
Who owns Sunoco LP'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. SUN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 86765KAH2 | 5.875% fixed | 2027-07-15 | USD | 100.04 | 5.83% | 180 bp | 22 | $66.5M | Jul 2026 |
| 86765LAN7 | 5.875% fixed | 2028-03-15 | USD | 100.05 | 5.84% | 168 bp | 24 | $49.5M | Jul 2026 |
| 86765KAA7 | 7% fixed | 2028-09-15 | USD | 101.75 | 6.11% | 188 bp | 28 | $64.2M | Jul 2026 |
| 86764AAE2 | 4.38% fixed | 2029-03-26 | CAD | 99.40 | 4.62% | — | 1 | $71K | Jul 2026 |
| 86765KAB5 | 7% fixed | 2029-05-01 | USD | 102.19 | 6.12% | 187 bp | 48 | $92.8M | Jul 2026 |
| 86765LAT4 | 4.5% fixed | 2029-05-15 | USD | 97.35 | 5.54% | 128 bp | 34 | $106.1M | Jul 2026 |
| 86765KAJ8 | 4.5% fixed | 2029-10-01 | USD | 96.94 | 5.57% | 130 bp | 37 | $88.2M | Jul 2026 |
| 86765LAZ0 | 4.5% fixed | 2030-04-30 | USD | 96.48 | 5.55% | 126 bp | 39 | $119.2M | Jul 2026 |
| 86765KAK5 | 4.625% fixed | 2030-05-01 | USD | 96.31 | 5.73% | 144 bp | 44 | $123.0M | Jul 2026 |
| 86765KAE9 | 7.875% fixed | 2030-09-18 | USD | 102.55 | 7.15% | 285 bp | 62 | $229.0M | Jul 2026 |
| 86765KAF6 | 5.625% fixed | 2031-03-15 | USD | 98.72 | 5.94% | 163 bp | 69 | $98.7M | Jul 2026 |
| 86765KAM1 | 5.375% fixed | 2031-07-15 | USD | 98.13 | 5.82% | 149 bp | 52 | $103.4M | Jul 2026 |
| 86765KAC3 | 7.25% fixed | 2032-05-01 | USD | 103.16 | 6.58% | 220 bp | 39 | $78.1M | Jul 2026 |
| 86765KAL3 | 6.625% fixed | 2032-08-15 | USD | 100.98 | 6.43% | 203 bp | 43 | $65.4M | Jul 2026 |
| 86765KAD1 | 6.25% fixed | 2033-07-01 | USD | 100.25 | 6.20% | 175 bp | 51 | $94.9M | Jul 2026 |
| 86765KAG4 | 5.875% fixed | 2034-03-15 | USD | 97.91 | 6.22% | 173 bp | 59 | $119.6M | Jul 2026 |
| 86765KAN9 | 5.625% fixed | 2034-07-15 | USD | 96.74 | 6.15% | 164 bp | 45 | $84.1M | 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 | 17 | $1.58B | 99.40 | 6.11% | 168 bp | 69 |
| Jun 2026 | 16 | $2.02B | 99.62 | 5.91% | 175 bp | 138 |
| May 2026 | 16 | $1.26B | 100.13 | 5.78% | 162 bp | 58 |
| Apr 2026 | 18 | $1.61B | 99.83 | 5.83% | 175 bp | 73 |
| Mar 2026 | 16 | $2.04B | 99.74 | 5.90% | 202 bp | 136 |
| Feb 2026 | 17 | $1.26B | 100.25 | 5.75% | 184 bp | 68 |
| Jan 2026 | 17 | $1.54B | 100.12 | 5.80% | 201 bp | 79 |
| Dec 2025 | 15 | $1.94B | 100.34 | 5.67% | 199 bp | 124 |
| Nov 2025 | 15 | $1.11B | 100.58 | 5.77% | 210 bp | 56 |
| Oct 2025 | 11 | $1.22B | 100.30 | 5.76% | 216 bp | 78 |
| Sep 2025 | 11 | $1.67B | 100.14 | 5.88% | 225 bp | 118 |
| Aug 2025 | 8 | $548.4M | 101.31 | 5.80% | 206 bp | 46 |
| Jul 2025 | 8 | $793.7M | 100.62 | 5.93% | 204 bp | 60 |
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. 169 added, 140 cut, 20 new holders and 25 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $303.0M | $303.4M | -$100K |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $284.4M | $280.8M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $197.2M | $195.0M | $6.5M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $183.8M | $181.7M | -$3.1M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $138.2M | $138.1M | -$7.9M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $128.8M | $132.7M | -$18.3M |
| Income Fund of America | 2026-07-31 | $123.1M | $122.6M | $0 |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $114.8M | $115.0M | -$17.6M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $101.1M | $102.0M | $0 |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $86.3M | $88.3M | $59.6M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $77.5M | $77.1M | $6.3M |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $63.2M | $63.6M | $0 |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $62.7M | $61.2M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $59.8M | $59.5M | $7.3M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $58.2M | $57.4M | $100K |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $54.8M | $57.2M | -$1.9M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $57.1M | $57.1M | -$5.2M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $55.5M | $54.3M | $0 |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $50.5M | $51.1M | $0 |
| Janus Henderson Balanced Fund Janus Investment Fund | 2026-06-30 | $43.0M | $44.1M | $0 |
| Janus Henderson Multi-Sector Income Fund Janus Investment Fund | 2026-06-30 | $35.3M | $36.7M | -$185K |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $36.0M | $36.2M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $36.3M | $36.0M | $9.5M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $33.0M | $33.4M | $0 |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $33.0M | $33.0M | -$4.0M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND, INC ($10.0M), Lord Abbett Income Fund ($9.4M), BlackRock Global Allocation Fund, Inc. ($3.1M), Diversified Bond Fund ($2.1M), JNL/PPM America Total Return Fund ($1.8M), Loomis Sayles Senior Floating Rate and Fixed Income Fund ($1.8M), American Century Diversified Corporate Bond ETF ($1.7M), Payden Core Bond Fund ($1.6M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($1.1M), Short Duration Strategic Income Fund ($790K).
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 | 15 | $197.2M | $195.0M | 0.68% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 15 | $138.2M | $138.1M | 0.86% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 15 | $77.5M | $77.1M | 0.68% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 12 | $59.8M | $59.5M | 0.81% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 10 | $58.2M | $57.4M | 0.75% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 8 | $32.7M | $32.4M | 0.66% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 13 | $29.5M | $29.5M | 0.85% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 9 | $29.0M | $29.4M | 0.57% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 15 | $21.2M | $21.2M | 0.89% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 15 | $19.6M | $19.6M | 0.77% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 3 | $17.3M | $17.2M | 1.07% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 11 | $16.2M | $16.1M | 0.06% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 2 | $14.2M | $14.7M | 1.73% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 9 | $14.2M | $14.2M | 1.09% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 4 | $13.2M | $13.7M | 0.62% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.61: safer than 55% of companies (63th percentile in Energy). Market-implied, prices to 2026-10-14, balance sheet 2026-06-30.
| Equity value | $10.18B |
| Debt barrier (short-term + ½ long-term debt) | $6.66B |
| Equity volatility (1 year) | 27.2% |
| Asset value / asset volatility (solved) | $16.56B / 16.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 168 bp spread prices in about 2.8% 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'' = 1.20 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SUN'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 | 43 | $72.6M | 0 | — | 1 | $15K | 0 |
| 2026-06-30 | 296 | $4.42B | 6 | $25.5M | 8 | $34.1M | 0 |
| 2026-03-31 | 287 | $3.72B | 7 | $29.2M | 7 | $49.3M | 0 |
| 2025-12-31 | 264 | $2.86B | 11 | $73.1M | 6 | $12.6M | 1 |
| 2025-09-30 | 267 | $3.10B | 8 | $52.3M | 6 | $27.4M | 1 |
| 2025-06-30 | 275 | $3.39B | 10 | $48.2M | 8 | $28.3M | 1 |
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.