Takeda Pharmaceutical Company Limited bonds TAK
Who owns Takeda Pharmaceutical Company Limited'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. TAK 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 |
|---|---|---|---|---|---|---|---|---|---|
| AV6470232 | 2.25% fixed | 2026-11-21 | EUR | 99.87 | 2.57% | — | 1 | $114K | Jun 2026 |
| 874060BA3 | 0.75% fixed | 2027-07-09 | EUR | 98.06 | 2.87% | — | 2 | $2.4M | Jul 2026 |
| 874060AW6 | 5% fixed | 2028-11-26 | USD | 100.51 | 4.76% | 53 bp | 13 | $39.7M | Jul 2026 |
| 874060BB1 | 1% fixed | 2029-07-09 | EUR | 93.29 | 3.44% | — | 4 | $1.3M | Jul 2026 |
| 874060AX4 | 2.05% fixed | 2030-03-31 | USD | 90.37 | 4.95% | 67 bp | 14 | $60.1M | Jul 2026 |
| AV6471313 | 3% fixed | 2030-11-21 | EUR | 97.85 | 3.54% | — | 4 | $30.4M | Jul 2026 |
| JP346300AMA6 | 0.4% fixed | 2031-10-14 | JPY | — | — | — | 2 | $10.6M | Jul 2026 |
| 874060BC9 | 1.375% fixed | 2032-07-09 | EUR | 87.16 | 3.83% | — | 4 | $8.7M | Jul 2026 |
| 874060BK1 | 5.3% fixed | 2034-07-05 | USD | 99.36 | 5.40% | 90 bp | 10 | $26.1M | Jul 2026 |
| 874060BE5 | 2% fixed | 2040-07-09 | EUR | 74.69 | 4.48% | — | 5 | $10.6M | Jul 2026 |
| 874060AY2 | 3.025% fixed | 2040-07-09 | USD | 73.34 | 5.85% | 105 bp | 8 | $3.7M | Jul 2026 |
| 874060BL9 | 5.65% fixed | 2044-07-05 | USD | 95.70 | 6.05% | 104 bp | 7 | $5.1M | Jul 2026 |
| 874060AZ9 | 3.175% fixed | 2050-07-09 | USD | 63.20 | 6.13% | 102 bp | 9 | $5.0M | Jul 2026 |
| 874060BM7 | 5.65% fixed | 2054-07-05 | USD | 93.26 | 6.16% | 106 bp | 4 | $2.4M | Jul 2026 |
| 874060BD7 | 3.375% fixed | 2060-07-09 | USD | 60.67 | 6.15% | 105 bp | 6 | $1.4M | Jul 2026 |
| 874060BN5 | 5.8% fixed | 2064-07-05 | USD | 93.68 | 6.24% | 114 bp | 5 | $937K | 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 | 15 | $208.5M | 93.27 | 5.85% | 102 bp | 14 |
| Jun 2026 | 14 | $458.8M | 97.75 | 5.53% | 81 bp | 32 |
| May 2026 | 10 | $448.5M | 95.32 | 5.52% | 76 bp | 27 |
| Apr 2026 | 15 | $207.5M | 94.44 | 5.57% | 98 bp | 16 |
| Mar 2026 | 14 | $471.5M | 96.18 | 5.56% | 100 bp | 33 |
| Feb 2026 | 10 | $480.3M | 97.12 | 5.21% | 81 bp | 27 |
| Jan 2026 | 15 | $199.4M | 95.82 | 5.38% | 88 bp | 16 |
| Dec 2025 | 14 | $460.3M | 97.74 | 5.38% | 93 bp | 31 |
| Nov 2025 | 10 | $480.9M | 97.06 | 5.25% | 85 bp | 27 |
| Oct 2025 | 16 | $205.4M | 97.17 | 5.33% | 91 bp | 16 |
| Sep 2025 | 14 | $475.4M | 98.25 | 5.38% | 87 bp | 36 |
| Aug 2025 | 10 | $477.8M | 94.97 | 5.48% | 86 bp | 27 |
| Jul 2025 | 16 | $205.9M | 96.59 | 5.59% | 87 bp | 14 |
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. 40 added, 29 cut, 7 new holders and 12 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $172.1M | $143.8M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $154.1M | $128.7M | $1.1M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $74.7M | $71.1M | -$1.2M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $65.4M | $53.7M | -$1.1M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $55.1M | $49.6M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $53.4M | $45.8M | $555K |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $46.7M | $42.8M | $11.1M |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $1.02B | $28.5M | -$5.0M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $920.4M | $26.5M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $25.0M | $23.7M | -$190K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $24.4M | $23.3M | $405K |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $21.9M | $22.3M | -$8.0M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $23.2M | $20.3M | $1.2M |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $24.2M | $18.6M | -$14.0M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $18.5M | $18.4M | $0 |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $22.0M | $16.9M | -$6.3M |
| Invesco BulletShares 2030 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $16.9M | $15.4M | $882K |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $16.9M | $15.3M | $0 |
| Invesco BulletShares 2028 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $14.1M | $14.2M | -$3K |
| iShares iBonds Dec 2028 Term Corporate ETF iShares Trust | 2026-07-31 | $12.5M | $12.6M | $452K |
| iShares iBonds Dec 2030 Term Corporate ETF iShares Trust | 2026-07-31 | $13.5M | $12.2M | $852K |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $12.0M | $10.9M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $11.8M | $10.7M | $0 |
| VANGUARD INSTITUTIONAL SHORT-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $10.0M | $10.1M | $0 |
| VANGUARD ULTRA-SHORT-TERM BOND FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $10.0M | $10.0M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Franklin Global Allocation Fund ($6.5M), VANGUARD WELLESLEY INCOME FUND ($4.0M), VOYA INTERMEDIATE BOND FUND ($3.3M), AB GLOBAL BOND FUND, INC. ($1.3M), iShares Systematic Bond ETF ($1.2M), BNY Mellon Active Core Bond ETF ($1.1M), Multi-Manager Total Return Bond Strategies Fund ($1.1M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($890K), VOYA INTERMEDIATE BOND PORTFOLIO ($582K), BNY Mellon Bond Market Index 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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 7 | $154.1M | $128.7M | 0.03% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $74.7M | $71.1M | 0.14% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $65.4M | $53.7M | 0.18% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 9 | $53.4M | $45.8M | 0.03% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 4 | $920.4M | $26.5M | 0.02% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $25.0M | $23.7M | 0.11% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $24.4M | $23.3M | 0.03% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $21.9M | $22.3M | 0.03% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 9 | $23.2M | $20.3M | 0.12% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 5 | $22.0M | $16.9M | 0.18% |
| BSCU Invesco BulletShares 2030 Corporate Bond ETF | 2026-05-31 | 1 | $16.9M | $15.4M | 0.61% |
| BSCS Invesco BulletShares 2028 Corporate Bond ETF | 2026-05-31 | 1 | $14.1M | $14.2M | 0.41% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 1 | $12.5M | $12.6M | 0.31% |
| IBDV iShares iBonds Dec 2030 Term Corporate ETF | 2026-07-31 | 1 | $13.5M | $12.2M | 0.37% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 9 | $11.7M | $9.8M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 9.16: safer than 78% of companies (74th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $62.48B |
| Debt barrier (short-term + ½ long-term debt) | $17.22B |
| Equity volatility (1 year) | 21.4% |
| Asset value / asset volatility (solved) | $78.98B / 16.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 102 bp spread prices in about 1.7% 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'' = 1.53 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TAK'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 | 44 | $9.8M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 374 | $1.66B | 4 | $3.9M | 8 | $26.9M | 0 |
| 2026-03-31 | 354 | $1.76B | 3 | $1.4M | 7 | $30.6M | 0 |
| 2025-12-31 | 343 | $1.26B | 2 | $2.5M | 6 | $32.6M | 0 |
| 2025-09-30 | 328 | $1.22B | 3 | $1.9M | 5 | $25.2M | 0 |
| 2025-06-30 | 316 | $1.18B | 3 | $215K | 5 | $26.4M | 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.