Thermo Fisher Scientific Inc. bonds TMO
Who owns Thermo Fisher Scientific 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. TMO 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 |
|---|---|---|---|---|---|---|---|---|---|
| 883556CV2 | 4.95% fixed | 2026-08-10 | USD | 100.00 | 4.72% | 99 bp | 2 | $7.6M | Jul 2026 |
| 883556CZ3 | 5% fixed | 2026-12-05 | USD | 100.20 | 4.39% | 62 bp | 3 | $26.1M | Jul 2026 |
| 883556CT7 | 4.8% fixed | 2027-11-21 | USD | 100.53 | 4.38% | 27 bp | 8 | $6.7M | Jul 2026 |
| ZR7668885 | 0.5% fixed | 2028-03-01 | EUR | 95.97 | 3.15% | — | 1 | $636K | Jul 2026 |
| 883556CB6 | 0.5% fixed | 2028-03-01 | EUR | 95.95 | 3.16% | — | 2 | $9.0M | Jul 2026 |
| 883556BQ4 | 1.375% fixed | 2028-09-12 | EUR | 96.37 | 3.17% | — | 2 | $1.1M | Jul 2026 |
| 883556CK6 | 1.75% fixed | 2028-10-15 | USD | 94.14 | 4.57% | 34 bp | 7 | $7.9M | Jul 2026 |
| 883556DA7 | 5% fixed | 2029-01-31 | USD | 100.91 | 4.61% | 37 bp | 10 | $12.4M | Jul 2026 |
| CH1423036776 | 1.125% fixed | 2029-03-07 | CHF | 154.13 | — | — | 2 | $3.1M | Jul 2026 |
| 883556BV3 | 1.95% fixed | 2029-07-24 | EUR | 96.66 | 3.14% | — | 2 | $11.1M | Jul 2026 |
| 883556BZ4 | 2.6% fixed | 2029-10-01 | USD | 93.88 | 4.70% | 43 bp | 9 | $10.9M | Jul 2026 |
| 883556CW0 | 4.977% fixed | 2030-08-10 | USD | 100.59 | 4.81% | 52 bp | 9 | $7.1M | Jul 2026 |
| 883556DG4 | 4.215% fixed | 2031-02-12 | USD | 97.32 | 4.88% | 57 bp | 22 | $67.1M | Jul 2026 |
| 883556DC3 | 4.2% fixed | 2031-03-01 | USD | 97.21 | 4.88% | 57 bp | 7 | $4.8M | Jul 2026 |
| 883556CC4 | 0.875% fixed | 2031-10-01 | EUR | 87.66 | 3.53% | — | 4 | $20.6M | Jul 2026 |
| ZR7668893 | 0.875% fixed | 2031-10-01 | EUR | 88.80 | 3.23% | — | 2 | $6.2M | Jun 2026 |
| 883556CL4 | 2% fixed | 2031-10-15 | USD | 87.00 | 4.85% | 51 bp | 6 | $8.3M | Jul 2026 |
| CH1331113485 | 1.84% fixed | 2032-03-08 | CHF | 158.21 | — | — | 2 | $12.7M | Jul 2026 |
| BH4498748 | 2.375% fixed | 2032-04-15 | EUR | 93.69 | 3.62% | — | 1 | $216K | Jul 2026 |
| 883556DD1 | 4.473% fixed | 2032-10-07 | USD | 97.12 | 5.02% | 61 bp | 13 | $52.0M | Jul 2026 |
| 883556CU4 | 4.95% fixed | 2032-11-21 | USD | 99.88 | 4.97% | 56 bp | 6 | $11.3M | Jul 2026 |
| YR8794343 | 1.417% fixed | 2033-03-07 | CHF | 204.06 | — | — | 1 | $379K | Jun 2026 |
| 883556DH2 | 4.55% fixed | 2033-06-15 | USD | 96.85 | 5.10% | 65 bp | 15 | $39.5M | Jul 2026 |
| 883556CX8 | 5.086% fixed | 2033-08-10 | USD | 99.71 | 5.13% | 67 bp | 8 | $5.8M | Jul 2026 |
| 883556DB5 | 5.2% fixed | 2034-01-31 | USD | 100.16 | 5.17% | 69 bp | 4 | $2.5M | Jul 2026 |
| U8836DAP6 | 3.65% fixed | 2034-11-21 | EUR | 99.13 | 3.77% | — | 3 | $6.5M | Jul 2026 |
| 883556DE9 | 4.794% fixed | 2035-10-07 | USD | 96.21 | 5.32% | 76 bp | 5 | $30.0M | Jul 2026 |
| 883556DJ8 | 4.902% fixed | 2036-02-12 | USD | 96.70 | 5.35% | 77 bp | 28 | $16.9M | Jul 2026 |
| ZD3397100 | 2.04% fixed | 2036-03-07 | CHF | 160.21 | — | — | 3 | $5.2M | Jul 2026 |
| 883556BW1 | 2.875% fixed | 2037-07-24 | EUR | 90.41 | 3.97% | — | 2 | $6.9M | Jul 2026 |
| 883556DF6 | 4.894% fixed | 2037-10-07 | USD | 95.89 | 5.39% | 73 bp | 5 | $7.3M | Jul 2026 |
| 883556CD2 | 1.5% fixed | 2039-10-01 | EUR | 73.22 | 4.19% | — | 4 | $3.7M | Jul 2026 |
| 883556CM2 | 2.8% fixed | 2041-10-15 | USD | 70.63 | 5.72% | 85 bp | 11 | $5.3M | Jul 2026 |
| 883556CY6 | 5.4% fixed | 2043-08-10 | USD | 95.01 | 5.87% | 91 bp | 9 | $11.9M | Jul 2026 |
| 883556BG6 | 5.3% fixed | 2044-02-01 | USD | 93.42 | 5.91% | 93 bp | 2 | $668K | Jul 2026 |
| 883556DK5 | 5.546% fixed | 2046-02-12 | USD | 94.93 | 5.99% | 90 bp | 7 | $15.6M | Jul 2026 |
| 883556BY7 | 4.1% fixed | 2047-08-15 | USD | 78.78 | 5.87% | 76 bp | 4 | $1.4M | Jul 2026 |
| 883556CE0 | 1.875% fixed | 2049-10-01 | EUR | 60.79 | 4.68% | — | 3 | $5.5M | Jul 2026 |
| N8578GAB0 | 2% fixed | 2051-10-18 | EUR | 60.70 | 4.69% | — | 3 | $8.6M | 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 | 37 | $454.1M | 96.37 | 5.10% | 65 bp | 28 |
| Jun 2026 | 31 | $831.7M | 98.27 | 4.84% | 52 bp | 64 |
| May 2026 | 24 | $1.02B | 98.56 | 4.79% | 49 bp | 36 |
| Apr 2026 | 36 | $504.9M | 98.28 | 4.78% | 65 bp | 31 |
| Mar 2026 | 31 | $833.6M | 98.80 | 4.75% | 69 bp | 75 |
| Feb 2026 | 24 | $1.04B | 100.90 | 4.37% | 45 bp | 41 |
| Jan 2026 | 33 | $311.4M | 99.00 | 4.44% | 48 bp | 19 |
| Dec 2025 | 27 | $585.0M | 99.96 | 4.43% | 55 bp | 28 |
| Nov 2025 | 20 | $703.9M | 100.71 | 4.31% | 48 bp | 23 |
| Oct 2025 | 34 | $326.0M | 99.27 | 4.45% | 62 bp | 17 |
| Sep 2025 | 22 | $493.8M | 96.18 | 4.30% | 52 bp | 27 |
| Aug 2025 | 20 | $524.8M | 98.36 | 4.36% | 44 bp | 23 |
| Jul 2025 | 30 | $225.3M | 97.61 | 4.44% | 44 bp | 12 |
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. 83 added, 89 cut, 6 new holders and 48 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $211.7M | $206.3M | $6.9M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $219.2M | $205.6M | $17.8M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $197.1M | $182.3M | $19.4M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $108.1M | $105.1M | $31.0M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $90.1M | $84.6M | -$4.7M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $82.3M | $79.8M | -$8.0M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $75.6M | $72.4M | $2.6M |
| Capital Group Central Corporate Bond Fund Capital Group Central Fund Series II | 2026-05-31 | $64.2M | $63.3M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $62.4M | $61.2M | $4.9M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $46.4M | $47.3M | $4.9M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $47.4M | $46.1M | $1.1M |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $44.8M | $45.4M | $5.0M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $36.5M | $35.6M | $1.2M |
| American Balanced Fund | 2026-06-30 | $34.7M | $34.3M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $34.7M | $33.7M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $32.9M | $32.2M | $6.8M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $33.0M | $32.1M | -$10.8M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $30.4M | $29.9M | $1.7M |
| Intermediate Bond Fund of America | 2026-05-31 | $28.8M | $28.3M | -$575K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $29.7M | $28.2M | $2.1M |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $26.5M | $26.5M | $7.5M |
| T. Rowe Price New Income Fund, Inc. T. ROWE PRICE NEW INCOME FUND, INC. | 2026-05-31 | $25.9M | $25.5M | $0 |
| Bond Fund of America | 2026-06-30 | $23.0M | $22.6M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $23.1M | $22.6M | -$171K |
| iShares iBonds Dec 2026 Term Corporate ETF iShares Trust | 2026-07-31 | $22.1M | $22.2M | $5.7M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Bond Fund ($12.9M), Allspring Core Bond Portfolio ($8.1M), Allspring Core Plus Bond Fund ($7.5M), T. Rowe Price Short-Term Bond Fund, Inc. ($6.5M), ALPS | Smith Short Duration Bond Fund ($6.0M), VANGUARD STAR CORE-PLUS BOND FUND ($5.4M), Select Bond Portfolio ($5.0M), THE HARTFORD TOTAL RETURN BOND FUND ($4.9M), Variable Portfolio - Partners Core Bond Fund ($3.3M), Columbia Variable Portfolio - Limited Duration Credit Fund ($2.9M).
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 |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 9 | $211.7M | $206.3M | 0.30% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 18 | $197.1M | $182.3M | 0.05% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $108.1M | $105.1M | 0.21% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 12 | $90.1M | $84.6M | 0.28% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 21 | $75.6M | $72.4M | 0.05% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 14 | $69.8M | $72.1M | 0.06% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 8 | $62.4M | $61.2M | 0.12% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 8 | $47.4M | $46.1M | 0.25% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 8 | $36.5M | $35.6M | 0.31% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 7 | $32.9M | $32.2M | 0.05% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $30.4M | $29.9M | 0.14% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 21 | $29.7M | $28.2M | 0.16% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 2 | $26.5M | $26.5M | 0.70% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 15 | $23.1M | $22.6M | 0.20% |
| IBDR iShares iBonds Dec 2026 Term Corporate ETF | 2026-07-31 | 2 | $22.1M | $22.2M | 0.65% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 9.27: safer than 78% of companies (75th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-27.
| Equity value | $251.14B |
| Debt barrier (short-term + ½ long-term debt) | $22.96B |
| Equity volatility (1 year) | 29.1% |
| Asset value / asset volatility (solved) | $273.13B / 26.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 65 bp spread prices in about 1.1% 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'' = 3.70 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
Against its own government
Yield minus the government's fitted curve at the same maturity, same currency, bonds with at least $25M held and 3 funds pricing them: EUR 9.3y +67 bp (as of Jul 2026).
The stock side: 13F filings
What institutions report holding in TMO'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 | 482 | $3.92B | 0 | — | 0 | — | 0 |
| 2026-06-30 | 2,615 | $164.06B | 44 | $1.04B | 41 | $1.02B | 0 |
| 2026-03-31 | 2,591 | $140.32B | 41 | $1.20B | 39 | $870.1M | 0 |
| 2025-12-31 | 2,688 | $189.96B | 38 | $2.12B | 38 | $1.30B | 0 |
| 2025-09-30 | 2,501 | $156.25B | 46 | $1.76B | 49 | $2.32B | 0 |
| 2025-06-30 | 2,438 | $130.87B | 50 | $1.39B | 51 | $1.64B | 1 |
Officials trading TMO bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2023-07-20 | Earl Blumenauer | purchase | Thermo Fisher Scientific Inc | $15,001 - $50,000 | filing |
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.