Molson Coors Beverage Company bonds TAP
Who owns Molson Coors Beverage Company'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. TAP 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 |
|---|---|---|---|---|---|---|---|---|---|
| 60871RAS9 | 4.9% fixed | 2031-07-08 | USD | 98.85 | 5.17% | 84 bp | 10 | $33.1M | Jul 2026 |
| 60871RAR1 | 3.8% fixed | 2032-06-15 | EUR | 99.69 | 3.86% | — | 3 | $10.6M | Jul 2026 |
| 60871RAT7 | 5.5% fixed | 2036-07-08 | USD | 98.23 | 5.74% | 114 bp | 18 | $42.1M | Jul 2026 |
| 60871RAD2 | 5% fixed | 2042-05-01 | USD | 87.52 | 6.26% | 136 bp | 12 | $19.9M | Jul 2026 |
| 60871RAH3 | 4.2% fixed | 2046-07-15 | USD | 76.34 | 6.30% | 119 bp | 10 | $5.2M | 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 | 5 | $110.9M | 98.23 | 6.00% | 116 bp | 18 |
| Jun 2026 | 6 | $414.3M | 99.90 | 5.65% | 97 bp | 39 |
| May 2026 | 6 | $387.9M | 100.09 | 5.60% | 89 bp | 23 |
| Apr 2026 | 4 | $94.8M | 95.05 | 6.00% | 123 bp | 13 |
| Mar 2026 | 4 | $258.8M | 94.61 | 6.05% | 133 bp | 31 |
| Feb 2026 | 4 | $311.8M | 96.56 | 5.69% | 110 bp | 23 |
| Jan 2026 | 4 | $107.6M | 96.20 | 5.75% | 107 bp | 15 |
| Dec 2025 | 4 | $253.4M | 95.90 | 5.80% | 115 bp | 33 |
| Nov 2025 | 4 | $309.0M | 96.36 | 5.66% | 110 bp | 29 |
| Oct 2025 | 4 | $109.4M | 96.27 | 5.67% | 116 bp | 15 |
| Sep 2025 | 4 | $263.9M | 96.25 | 5.68% | 107 bp | 33 |
| Aug 2025 | 4 | $304.7M | 94.94 | 5.91% | 115 bp | 29 |
| Jul 2025 | 4 | $130.8M | 94.72 | 5.90% | 106 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. 39 added, 11 cut, 80 new holders and 13 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $163.4M | $163.1M | $0 |
| PIMCO Enhanced Short Maturity Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $73.4M | $73.3M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $59.0M | $53.9M | $27.3M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $58.2M | $52.4M | $20.3M |
| Fidelity Investment Grade Bond Central Fund Fidelity Central Investment Portfolios II LLC | 2026-06-30 | $48.3M | $48.3M | $0 |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $33.0M | $33.0M | $9.2M |
| Dodge & Cox Global Bond Fund Dodge & Cox Funds | 2026-06-30 | $26.5M | $26.5M | new |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $24.3M | $22.2M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $22.9M | $19.5M | $6.9M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $18.8M | $18.6M | new |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $15.6M | $15.7M | new |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $17.5M | $15.5M | $3.7M |
| PIMCO Short Asset Portfolio PIMCO FUNDS | 2026-06-30 | $14.7M | $14.6M | $0 |
| JPMorgan Managed Income Fund JPMorgan Trust I | 2026-05-31 | $13.8M | $13.8M | $0 |
| PIMCO Short Asset Investment Fund PIMCO FUNDS | 2026-06-30 | $11.6M | $11.6M | $0 |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $11.3M | $11.3M | new |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $11.3M | $11.1M | new |
| Fidelity Advisor Limited Term Bond Fund Fidelity Advisor Series II | 2026-05-31 | $10.6M | $10.6M | $0 |
| EQ/Long-Term Bond Portfolio EQ Advisors Trust | 2026-06-30 | $10.2M | $9.3M | $0 |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $10.9M | $8.7M | $1.3M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $8.5M | $8.5M | new |
| First Trust Limited Duration Investment Grade Corporate ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $8.5M | $8.4M | new |
| First Trust Core Investment Grade ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $8.1M | $7.8M | $7.0M |
| AB Ultra Short Income ETF AB Active ETFs, Inc. | 2026-05-31 | $7.5M | $7.5M | $0 |
| iMGP Dolan McEniry Corporate Bond Fund LITMAN GREGORY FUNDS TRUST | 2026-06-30 | $7.4M | $7.4M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): First Trust Enhanced Short Maturity ETF ($29.9M), iShares iBonds Dec 2026 Term Corporate ETF ($19.8M), iShares iBonds 2026 Term High Yield and Income ETF ($2.8M), SA JPMorgan Ultra-Short Bond Portfolio ($1.7M), ENHANCED U.S. LARGE COMPANY PORTFOLIO ($1.5M), Dimensional Ultrashort Fixed Income ETF ($1.1M), PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund ($802K), Federated Hermes Corporate Bond Fund ($610K), Neuberger Core Bond Fund ($595K), AB International Bond Portfolio ($390K).
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 |
|---|---|---|---|---|---|
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 1 | $163.4M | $163.1M | 0.42% |
| MINT PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 1 | $73.4M | $73.3M | 0.45% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 4 | $58.2M | $52.4M | 0.01% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $33.0M | $33.0M | 0.87% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $22.9M | $19.5M | 0.07% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $15.6M | $15.7M | 0.02% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $17.5M | $15.5M | 0.01% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $10.9M | $8.7M | 0.09% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 1 | $8.5M | $8.5M | 0.02% |
| FSIG First Trust Limited Duration Investment Grade Corporate ETF | 2026-07-31 | 1 | $8.5M | $8.4M | 0.55% |
| FTCB First Trust Core Investment Grade ETF | 2026-07-31 | 2 | $8.1M | $7.8M | 0.30% |
| YEAR AB Ultra Short Income ETF | 2026-05-31 | 1 | $7.5M | $7.5M | 0.51% |
| PULS PGIM Ultra Short Bond ETF | 2026-05-29 | 1 | $7.0M | $7.0M | 0.04% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $7.0M | $6.2M | 0.04% |
| FIXD First Trust Smith Opportunistic Fixed Income ETF | 2026-05-31 | 2 | $6.0M | $6.0M | 0.18% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.25: safer than 51% of companies (43th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $7.35B |
| Debt barrier (short-term + ½ long-term debt) | $4.87B |
| Equity volatility (1 year) | 29.0% |
| Asset value / asset volatility (solved) | $12.02B / 17.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 116 bp spread prices in about 1.9% 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
Altman Z = 0.73 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TAP'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 | 68 | $52.5M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 608 | $7.01B | 11 | $42.7M | 13 | $36.9M | 0 |
| 2026-03-31 | 613 | $5.97B | 15 | $55.0M | 14 | $54.6M | 0 |
| 2025-12-31 | 650 | $7.60B | 15 | $44.7M | 15 | $49.9M | 0 |
| 2025-09-30 | 632 | $7.58B | 14 | $73.1M | 18 | $66.5M | 0 |
| 2025-06-30 | 652 | $7.98B | 13 | $48.6M | 16 | $58.6M | 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.