TransDigm Group Incorporated bonds TDG
Who owns TransDigm Group Incorporated'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. TDG 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 |
|---|---|---|---|---|---|---|---|---|---|
| 893647BR7 | 6.75% fixed | 2028-08-15 | USD | 100.69 | 6.38% | 216 bp | 75 | $333.2M | Jul 2026 |
| 893647BP1 | 4.625% fixed | 2029-01-15 | USD | 98.05 | 5.48% | 124 bp | 41 | $252.9M | Jul 2026 |
| 893647BU0 | 6.375% fixed | 2029-03-01 | USD | 101.20 | 5.86% | 162 bp | 76 | $384.5M | Jul 2026 |
| 893647BQ9 | 4.875% fixed | 2029-05-01 | USD | 98.23 | 5.57% | 132 bp | 23 | $86.2M | Jul 2026 |
| 893647BS5 | 6.875% fixed | 2030-12-15 | USD | 102.51 | 6.21% | 190 bp | 52 | $221.0M | Jul 2026 |
| 893647BT3 | 7.125% fixed | 2031-12-01 | USD | 103.16 | 6.41% | 206 bp | 51 | $112.2M | Jul 2026 |
| 893647BV8 | 6.625% fixed | 2032-03-01 | USD | 101.71 | 6.26% | 189 bp | 71 | $205.8M | Jul 2026 |
| 89364MCE2 | 6.231% floating | 2032-08-19 | USD | 100.14 | — | — | 1 | $1.3M | Jul 2026 |
| 893647BW6 | 6% fixed | 2033-01-15 | USD | 99.99 | 6.00% | 158 bp | 46 | $131.0M | Jul 2026 |
| BL5557626 | 0% fixed | 2033-02-10 | USD | — | — | — | 2 | $700K | Jun 2026 |
| 893647BY2 | 6.375% fixed | 2033-05-31 | USD | 99.99 | 6.38% | 193 bp | 71 | $381.8M | Jul 2026 |
| 893647BZ9 | 6.25% fixed | 2034-01-31 | USD | 101.01 | 6.08% | 160 bp | 41 | $47.6M | Jul 2026 |
| 893647CA3 | 6.75% fixed | 2034-01-31 | USD | 101.64 | 6.47% | 199 bp | 63 | $192.4M | Jul 2026 |
| 893647CB1 | 6.125% fixed | 2034-07-31 | USD | 98.89 | 6.30% | 180 bp | 64 | $168.7M | 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 | 2 | $20K | 101.35 | 6.27% | 173 bp | 1 |
| Jul 2026 | 13 | $2.52B | 100.69 | 6.23% | 184 bp | 76 |
| Jun 2026 | 14 | $5.25B | 101.06 | 6.10% | 179 bp | 140 |
| May 2026 | 12 | $1.64B | 101.67 | 6.05% | 181 bp | 67 |
| Apr 2026 | 13 | $2.59B | 101.38 | 6.07% | 197 bp | 80 |
| Mar 2026 | 14 | $4.99B | 101.14 | 6.18% | 225 bp | 143 |
| Feb 2026 | 12 | $1.61B | 102.44 | 5.88% | 199 bp | 66 |
| Jan 2026 | 12 | $2.45B | 102.37 | 5.88% | 204 bp | 85 |
| Dec 2025 | 12 | $4.80B | 102.92 | 5.77% | 200 bp | 146 |
| Nov 2025 | 11 | $1.48B | 103.05 | 5.87% | 204 bp | 66 |
| Oct 2025 | 12 | $2.45B | 102.35 | 5.94% | 217 bp | 84 |
| Sep 2025 | 15 | $4.79B | 102.11 | 5.98% | 224 bp | 154 |
| Aug 2025 | 11 | $1.44B | 102.55 | 5.86% | 208 bp | 67 |
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. 190 added, 136 cut, 20 new holders and 28 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| T. Rowe Price Capital Appreciation Fund T. ROWE PRICE CAPITAL APPRECIATION FUND, INC. | 2026-06-30 | $1.00B | $1.02B | $34.6M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $615.0M | $626.2M | $30.0M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $501.4M | $507.8M | $16.3M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $380.2M | $382.9M | $25.6M |
| American High Income Trust | 2026-06-30 | $348.2M | $353.4M | $9.6M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $307.1M | $309.5M | -$5.0M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $292.0M | $293.9M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $273.1M | $277.3M | $2.2M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $245.3M | $246.2M | $0 |
| JNL/T. Rowe Price Capital Appreciation Fund JNL Series Trust | 2026-06-30 | $216.4M | $220.1M | $15.7M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $161.2M | $162.6M | $0 |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $155.6M | $159.1M | -$5.4M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $147.6M | $149.9M | $15.9M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $131.2M | $133.4M | $2.5M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $124.1M | $125.5M | $8.3M |
| Income Fund of America | 2026-07-31 | $120.2M | $120.7M | $0 |
| VY(R) T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO Voya Investors Trust | 2026-06-30 | $97.2M | $99.0M | $3.4M |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $94.9M | $96.3M | $2.5M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $93.1M | $94.7M | $0 |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $92.1M | $93.4M | $14.8M |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $78.2M | $79.1M | $750K |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $77.7M | $78.8M | $7.4M |
| Penn Series Flexibly Managed Fund Penn Series Funds Inc | 2026-06-30 | $70.0M | $71.2M | $2.4M |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $70.1M | $71.2M | -$7.2M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $70.6M | $71.0M | -$1.1M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Invesco BulletShares 2026 High Yield Corporate Bond ETF ($47.1M), Senior Debt Portfolio ($18.8M), Janus Henderson Balanced Fund ($13.3M), ALLSPRING INCOME OPPORTUNITIES FUND ($6.3M), THE HARTFORD HIGH YIELD FUND ($5.7M), Janus Henderson Balanced Portfolio ($4.5M), Western Asset SMASh Series Core Plus Completion Fund ($3.4M), Floating-Rate Portfolio ($3.2M), Short Duration Strategic Income Fund ($3.1M), Touchstone Funds Group Trust-Touchstone Ares Credit Opportunities Fund ($2.4M).
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 | 12 | $380.2M | $382.9M | 1.34% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 12 | $273.1M | $277.3M | 1.72% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 12 | $147.6M | $149.9M | 1.32% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 12 | $131.2M | $133.4M | 1.82% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 5 | $70.6M | $71.0M | 0.93% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 12 | $59.7M | $60.6M | 1.74% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 4 | $44.3M | $44.8M | 0.92% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 12 | $39.1M | $39.7M | 1.66% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 12 | $34.5M | $35.0M | 1.38% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 6 | $32.4M | $32.9M | 0.64% |
| BKLN Invesco Senior Loan ETF | 2026-05-31 | 6 | $24.0M | $24.5M | 0.34% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $23.9M | $24.3M | 2.86% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 12 | $23.5M | $23.6M | 0.05% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 3 | $21.7M | $21.8M | 1.35% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 6 | $19.5M | $19.8M | 1.52% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.24: safer than 68% of companies (69th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-27.
| Equity value | $63.13B |
| Debt barrier (short-term + ½ long-term debt) | $17.17B |
| Equity volatility (1 year) | 27.1% |
| Asset value / asset volatility (solved) | $79.58B / 21.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 184 bp spread prices in about 3.1% 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 = 1.74 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TDG'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 | 152 | $501.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,133 | $68.78B | 18 | $543.3M | 20 | $291.0M | 0 |
| 2026-03-31 | 1,094 | $51.72B | 15 | $291.9M | 16 | $132.1M | 0 |
| 2025-12-31 | 1,119 | $69.31B | 16 | $259.2M | 16 | $135.5M | 0 |
| 2025-09-30 | 1,058 | $69.54B | 22 | $372.1M | 20 | $455.8M | 0 |
| 2025-06-30 | 1,101 | $80.92B | 23 | $336.9M | 20 | $215.7M | 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.