Tempus AI, Inc. bonds TEM
Who owns Tempus AI, 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. TEM 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 |
|---|---|---|---|---|---|---|---|---|---|
| 88023BAE3 | 0.75% fixed | 2030-07-15 | USD | 94.94 | 2.09% | -220 bp | 9 | $32.8M | Jul 2026 |
| 88023BAD5 convertible | 0.75% fixed | 2030-07-15 | USD | 105.76 | — | — | 14 | $34.5M | Jun 2026 |
| 88023BAG8 convertible | 0% none | 2032-05-15 | USD | 97.26 | — | — | 10 | $47.6M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
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 | 2 | $80.4M | 96.10 | 2.09% | -220 bp | 10 |
| Jun 2026 | 2 | $50.5M | 109.02 | — | — | 14 |
| May 2026 | 2 | $23.3M | 102.31 | — | — | 5 |
| Apr 2026 | 1 | $44.2M | 104.35 | — | — | 15 |
| Mar 2026 | 1 | $32.5M | 95.33 | — | — | 18 |
| Feb 2026 | 1 | $18.2M | 102.62 | — | — | 5 |
| Jan 2026 | 1 | $50.5M | 108.48 | — | — | 19 |
| Dec 2025 | 1 | $43.6M | 106.73 | — | — | 17 |
| Nov 2025 | 1 | $20.6M | 123.44 | — | — | 5 |
| Oct 2025 | 1 | $58.1M | 136.08 | — | — | 20 |
| Sep 2025 | 1 | $42.9M | 125.64 | — | — | 15 |
| Aug 2025 | 1 | $18.5M | 119.19 | — | — | 4 |
| Jul 2025 | 1 | $36.0M | 99.99 | — | — | 16 |
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. 19 added, 3 cut, 9 new holders and 9 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $26.4M | $25.3M | $13.9M |
| Franklin Convertible Securities Fund Franklin Investors Securities Trust | 2026-07-31 | $25.1M | $24.4M | new |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $20.1M | $19.2M | $5.9M |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $17.1M | $18.5M | $8.2M |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $14.5M | $15.2M | $3.5M |
| AQR Diversified Arbitrage Fund AQR Funds | 2026-06-30 | $9.7M | $10.4M | $4.4M |
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $8.0M | $8.5M | $3.5M |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $5.8M | $5.8M | $1.0M |
| Putnam Convertible Securities Fund | 2026-07-31 | $4.3M | $4.2M | new |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $3.3M | $3.5M | $0 |
| Invesco Convertible Securities Fund AIM Growth Series (Invesco Growth Series) | 2026-06-30 | $3.0M | $3.4M | $0 |
| NYLI MacKay Convertible Fund NEW YORK LIFE INVESTMENTS FUNDS | 2026-07-31 | $3.4M | $3.2M | $0 |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $2.1M | $2.1M | $157K |
| Advent Convertible & Income Fund ADVENT CONVERTIBLE & INCOME FUND | 2026-07-31 | $2.1M | $2.0M | -$243K |
| American Beacon SSI Alternative Income Fund AMERICAN BEACON FUNDS | 2026-06-30 | $1.9M | $2.0M | $0 |
| Empower High Yield Bond Fund EMPOWER FUNDS, INC. | 2026-06-30 | $1.6M | $1.8M | new |
| THE HARTFORD STRATEGIC INCOME FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $814K | $776K | -$53K |
| Strategic Alternatives Fund GuideStone Funds | 2026-06-30 | $660K | $699K | $0 |
| ABSOLUTE FLEXIBLE FUND Unified Series Trust | 2026-06-30 | $500K | $562K | new |
| Morningstar Alternatives Fund Morningstar Funds Trust | 2026-07-31 | $436K | $410K | $0 |
| First Trust SSI Strategic Convertible Securities ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $352K | $342K | -$83K |
| Putnam Diversified Income Trust | 2026-06-30 | $279K | $314K | new |
| JNL Multi-Manager Alternative Fund JNL Series Trust | 2026-06-30 | $217K | $236K | $158K |
| 1290 VT Convertible Securities Portfolio EQ Advisors Trust | 2026-06-30 | $211K | $228K | $75K |
| Hartford Strategic Income ETF Hartford Funds Exchange-Traded Trust | 2026-07-31 | $204K | $194K | $44K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Bancroft Fund Ltd ($2.2M), Ellsworth Growth & Income Fund Ltd ($2.2M), CALAMOS CONVERTIBLE & HIGH INCOME FUND ($2.0M), Calamos Convertible Fund ($2.0M), CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND ($2.0M), Calamos Dynamic Convertible & Income Fund ($1.8M), Gabelli Convertible & Income Securities Fund Inc ($1.0M), Defensive Market Strategies Fund ($500K), TETON Convertible Securities Fund ($150K).
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 |
|---|---|---|---|---|---|
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 2 | $26.4M | $25.3M | 0.35% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 2 | $17.1M | $18.5M | 0.30% |
| FCVT First Trust SSI Strategic Convertible Securities ETF | 2026-07-31 | 1 | $352K | $342K | 0.34% |
| HFSI Hartford Strategic Income ETF | 2026-07-31 | 2 | $204K | $194K | 0.02% |
| NFLT Virtus Newfleet Multi-Sector Bond ETF | 2026-07-31 | 1 | $50K | $47K | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.83: safer than 35% of companies (34th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $11.28B |
| Debt barrier (short-term + ½ long-term debt) | $680.4M |
| Equity volatility (1 year) | 73.6% |
| Asset value / asset volatility (solved) | $11.93B / 69.6% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A -220 bp spread prices in about 0.0% 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'' = -1.31 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TEM'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 | 57 | $45.2M | 0 | — | 2 | $1.1M | 1 |
| 2026-06-30 | 477 | $6.38B | 29 | $559.0M | 32 | $1.20B | 0 |
| 2026-03-31 | 413 | $4.23B | 25 | $455.2M | 25 | $629.0M | 0 |
| 2025-12-31 | 446 | $5.90B | 32 | $640.3M | 31 | $1.06B | 0 |
| 2025-09-30 | 435 | $7.37B | 31 | $1.12B | 32 | $1.57B | 1 |
| 2025-06-30 | 362 | $5.22B | 32 | $566.7M | 34 | $1.12B | 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.