Southwest Gas Holdings, Inc. bonds SWX
Who owns Southwest Gas Holdings, 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. SWX 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 |
|---|---|---|---|---|---|---|---|---|---|
| 845011AF2 | 5.8% fixed | 2027-12-01 | USD | 101.23 | 4.83% | 72 bp | 9 | $3.6M | Jul 2026 |
| 845011AH8 | 5.45% fixed | 2028-03-23 | USD | 100.84 | 4.91% | 75 bp | 11 | $21.5M | Jul 2026 |
| 845011AA3 | 3.7% fixed | 2028-04-01 | USD | 98.34 | 4.74% | 58 bp | 8 | $5.3M | Jul 2026 |
| 845011AC9 | 2.2% fixed | 2030-06-15 | USD | 90.07 | 5.05% | 76 bp | 12 | $20.4M | Jul 2026 |
| 845011AE5 | 4.05% fixed | 2032-03-15 | USD | 94.60 | 5.17% | 80 bp | 9 | $7.6M | Jul 2026 |
| 844895AX0 | 3.8% fixed | 2046-09-29 | USD | 72.83 | 6.17% | 106 bp | 3 | $703K | Jul 2026 |
| 845011AB1 | 4.15% fixed | 2049-06-01 | USD | 75.11 | 6.20% | 109 bp | 4 | $2.2M | Jul 2026 |
| 845011AD7 | 3.18% fixed | 2051-08-15 | USD | 63.55 | 6.02% | 91 bp | 3 | $785K | 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 | 8 | $62.2M | 92.34 | 5.11% | 78 bp | 12 |
| Jun 2026 | 8 | $168.4M | 93.16 | 4.87% | 70 bp | 30 |
| May 2026 | 8 | $170.1M | 93.18 | 4.84% | 68 bp | 23 |
| Apr 2026 | 8 | $47.0M | 93.19 | 4.79% | 85 bp | 11 |
| Mar 2026 | 8 | $159.4M | 93.29 | 4.75% | 87 bp | 31 |
| Feb 2026 | 8 | $184.9M | 95.12 | 4.31% | 61 bp | 22 |
| Jan 2026 | 8 | $47.3M | 94.00 | 4.54% | 68 bp | 11 |
| Dec 2025 | 8 | $159.7M | 93.70 | 4.59% | 78 bp | 29 |
| Nov 2025 | 8 | $184.2M | 94.11 | 4.47% | 68 bp | 22 |
| Oct 2025 | 8 | $46.3M | 93.72 | 4.53% | 72 bp | 13 |
| Sep 2025 | 8 | $165.0M | 93.49 | 4.56% | 74 bp | 28 |
| Aug 2025 | 8 | $193.8M | 93.00 | 4.64% | 75 bp | 20 |
| Jul 2025 | 8 | $45.9M | 92.10 | 4.81% | 78 bp | 13 |
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. 24 added, 21 cut, 6 new holders and 3 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $68.9M | $70.1M | -$8.8M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $35.6M | $32.0M | $5.4M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $27.1M | $25.9M | -$652K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $27.4M | $24.2M | $4.7M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $22.3M | $21.3M | $0 |
| Dimensional Ultrashort Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $14.8M | $14.9M | new |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $15.5M | $14.7M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $15.2M | $13.5M | -$225K |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $14.6M | $13.3M | -$600K |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $11.3M | $10.8M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $10.0M | $10.2M | $0 |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $9.5M | $8.6M | $0 |
| Thornburg Limited Term Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $7.9M | $7.8M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.0M | $7.8M | -$80K |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $6.6M | $6.7M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.7M | $5.8M | $21K |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $6.3M | $5.7M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.4M | $5.2M | $2.0M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $5.4M | $4.8M | -$325K |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $5.0M | $4.8M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $4.6M | $4.6M | -$170K |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $4.4M | $4.4M | $0 |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $4.5M | $4.2M | $0 |
| iShares iBonds Dec 2028 Term Corporate ETF iShares Trust | 2026-07-31 | $4.2M | $4.2M | $321K |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $4.2M | $4.0M | -$547K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): JPMorgan Core Bond Fund ($3.6M), NYLI Balanced Fund ($220K), State Street(R) SPDR Portfolio Corporate Bond ETF ($128K).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 6 | $35.6M | $32.0M | 0.01% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $27.1M | $25.9M | 0.04% |
| DUSB Dimensional Ultrashort Fixed Income ETF | 2026-07-31 | 1 | $14.8M | $14.9M | 0.67% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 8 | $15.2M | $13.5M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $10.0M | $10.2M | 0.02% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $8.0M | $7.8M | 0.04% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 3 | $5.7M | $5.8M | 0.05% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 5 | $5.4M | $5.2M | 0.04% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 8 | $5.4M | $4.8M | 0.03% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 1 | $5.0M | $4.8M | 0.01% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $4.6M | $4.6M | 0.01% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 3 | $4.4M | $4.4M | 0.06% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 2 | $4.5M | $4.2M | 0.04% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 2 | $4.2M | $4.2M | 0.10% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $4.2M | $4.0M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 10.89: safer than 84% of companies (88th percentile in Utilities). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $6.26B |
| Debt barrier (short-term + ½ long-term debt) | $1.80B |
| Equity volatility (1 year) | 17.8% |
| Asset value / asset volatility (solved) | $7.99B / 14.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 78 bp spread prices in about 1.3% 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'' = 1.44 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SWX'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 | 31 | $12.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 398 | $5.79B | 1 | $443K | 0 | — | 0 |
| 2026-03-31 | 377 | $4.82B | 0 | — | 1 | $348K | 0 |
| 2025-12-31 | 342 | $5.20B | 0 | — | 0 | — | 0 |
| 2025-09-30 | 327 | $5.04B | 0 | — | 2 | $3.2M | 0 |
| 2025-06-30 | 317 | $4.85B | 1 | $0 | 3 | $3.0M | 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.