Tsakos Energy Navigation Limited bonds TEN
Who owns Tsakos Energy Navigation 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. TEN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 880349AU9 | 8% fixed | 2028-11-17 | USD | 100.26 | 7.86% | 363 bp | 49 | $251.5M | 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 | 1 | $251.5M | 100.26 | 7.86% | 363 bp | 49 |
| Jun 2026 | 1 | $228.1M | 100.64 | 7.69% | 357 bp | 87 |
| May 2026 | 1 | $134.3M | 100.42 | 7.81% | 379 bp | 29 |
| Apr 2026 | 1 | $241.1M | 101.15 | 7.49% | 368 bp | 51 |
| Mar 2026 | 1 | $218.2M | 99.73 | 8.11% | 439 bp | 87 |
| Feb 2026 | 1 | $133.0M | 100.01 | 7.99% | 448 bp | 30 |
| Jan 2026 | 1 | $242.7M | 100.57 | 7.76% | 416 bp | 59 |
| Dec 2025 | 1 | $225.7M | 100.37 | 7.85% | 430 bp | 92 |
| Nov 2025 | 1 | $162.1M | 100.00 | 8.00% | 444 bp | 29 |
| Oct 2025 | 1 | $242.5M | 99.76 | 8.09% | 456 bp | 58 |
| Sep 2025 | 1 | $246.4M | 100.18 | 7.93% | 437 bp | 90 |
| Aug 2025 | 1 | $202.8M | 100.02 | 7.98% | 430 bp | 30 |
| Jul 2025 | 1 | $254.2M | 99.27 | 8.25% | 439 bp | 60 |
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. 32 added, 22 cut, 8 new holders and 11 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $62.7M | $62.9M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $45.7M | $45.9M | $9.6M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $32.9M | $33.1M | $200K |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $32.1M | $32.4M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $30.4M | $30.6M | $2.0M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $27.3M | $27.3M | -$2.1M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $22.0M | $22.1M | $0 |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $21.7M | $21.7M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $16.6M | $16.7M | $1.2M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $15.9M | $15.9M | -$1.6M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $14.7M | $14.8M | $946K |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $13.8M | $13.9M | $0 |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $11.7M | $11.8M | $3.5M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.4M | $11.5M | -$193K |
| Invesco BulletShares 2028 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $10.4M | $10.4M | $1.7M |
| AST Balanced Asset Allocation Portfolio Advanced Series Trust | 2026-06-30 | $9.6M | $9.6M | $0 |
| AB HIGH INCOME FUND INC | 2026-07-31 | $8.3M | $8.3M | $0 |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $8.1M | $8.2M | -$185K |
| PGIM Active High Yield Bond ETF PGIM ETF Trust | 2026-05-29 | $7.2M | $7.3M | $1.3M |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $7.2M | $7.3M | $250K |
| PGIM Short Duration Multi-Sector Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $7.1M | $7.1M | $0 |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $6.3M | $6.3M | $0 |
| iShares iBonds 2028 Term High Yield and Income ETF iShares Trust | 2026-07-31 | $6.2M | $6.2M | $882K |
| Touchstone Funds Group Trust-Touchstone Ares Credit Opportunities Fund Touchstone Funds Group Trust | 2026-06-30 | $5.7M | $5.7M | $0 |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $5.7M | $5.7M | -$731K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): MetLife Opportunistic High Yield Fund ($1.2M), State Street(R) Blackstone Senior Loan ETF ($760K), State Street(R) Blackstone High Income ETF ($630K), Lord Abbett Flexible Income Fund ($600K), Blackstone Strategic Credit 2027 Term Fund ($480K), Invesco Multi-Asset Income Fund ($400K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($354K), BlackRock Global Allocation Fund, Inc. ($168K), Blackstone Private Multi-Asset Credit & Income Fund ($150K), Blackstone Long-Short Credit Income Fund ($80K).
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 | 1 | $45.7M | $45.9M | 0.16% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $27.3M | $27.3M | 0.17% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $16.6M | $16.7M | 0.23% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $15.9M | $15.9M | 0.21% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $14.7M | $14.8M | 0.13% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $11.7M | $11.8M | 1.07% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $11.4M | $11.5M | 0.23% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $10.4M | $10.4M | 1.50% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $7.2M | $7.3M | 0.56% |
| IBHH iShares iBonds 2028 Term High Yield and Income ETF | 2026-07-31 | 1 | $6.2M | $6.2M | 1.36% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $5.7M | $5.7M | 0.16% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $3.7M | $3.7M | 0.16% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $2.9M | $2.9M | 0.12% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $2.1M | $2.1M | 0.00% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $1.3M | $1.3M | 0.08% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.92: safer than 36% of companies (46th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $1.51B |
| Debt barrier (short-term + ½ long-term debt) | $1.05B |
| Equity volatility (1 year) | 37.8% |
| Asset value / asset volatility (solved) | $2.51B / 22.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 363 bp spread prices in about 6.1% 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'' = 2.17 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TEN'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 | 7 | $3.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 108 | $306.4M | 6 | $12.4M | 7 | $19.5M | 0 |
| 2026-03-31 | 107 | $351.9M | 6 | $14.8M | 6 | $19.8M | 0 |
| 2025-12-31 | 83 | $163.7M | 4 | $7.9M | 5 | $8.7M | 0 |
| 2025-09-30 | 78 | $153.9M | 5 | $9.5M | 5 | $10.6M | 0 |
| 2025-06-30 | 67 | $126.7M | 6 | $7.5M | 6 | $7.6M | 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.