Toll Brothers, Inc. bonds TOL
Who owns Toll Brothers, 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. TOL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 88947EAS9 | 4.875% fixed | 2027-03-15 | USD | 100.12 | 4.68% | 79 bp | 10 | $14.0M | Jul 2026 |
| 88947EAT7 | 4.35% fixed | 2028-02-15 | USD | 99.44 | 4.73% | 59 bp | 16 | $19.4M | Jul 2026 |
| 88947EAU4 | 3.8% fixed | 2029-11-01 | USD | 96.51 | 4.97% | 70 bp | 22 | $23.4M | Jul 2026 |
| 88947EAX8 | 5.6% fixed | 2035-06-15 | USD | 99.65 | 5.65% | 110 bp | 12 | $12.0M | 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 | 4 | $68.7M | 99.54 | 4.97% | 70 bp | 22 |
| Jun 2026 | 4 | $176.9M | 99.83 | 4.75% | 61 bp | 32 |
| May 2026 | 4 | $84.4M | 99.90 | 4.64% | 66 bp | 20 |
| Apr 2026 | 4 | $63.9M | 99.93 | 4.61% | 78 bp | 23 |
| Mar 2026 | 4 | $163.0M | 99.88 | 4.62% | 86 bp | 33 |
| Feb 2026 | 4 | $93.9M | 100.60 | 4.20% | 64 bp | 22 |
| Jan 2026 | 4 | $65.8M | 100.61 | 4.22% | 63 bp | 23 |
| Dec 2025 | 4 | $189.1M | 100.56 | 4.25% | 68 bp | 35 |
| Nov 2025 | 4 | $77.6M | 100.51 | 4.34% | 72 bp | 22 |
| Oct 2025 | 4 | $76.8M | 100.45 | 4.38% | 80 bp | 22 |
| Sep 2025 | 4 | $195.9M | 100.46 | 4.36% | 75 bp | 35 |
| Aug 2025 | 4 | $85.4M | 100.46 | 4.41% | 64 bp | 23 |
| Jul 2025 | 4 | $84.6M | 99.87 | 4.64% | 73 bp | 21 |
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. 22 added, 24 cut, 12 new holders and 8 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $25.3M | $25.1M | $200K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $17.9M | $17.9M | $0 |
| Fidelity Investment Grade Bond Central Fund Fidelity Central Investment Portfolios II LLC | 2026-06-30 | $16.3M | $16.3M | $0 |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $16.3M | $16.3M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $15.5M | $15.8M | -$3.6M |
| PGIM Short-Term Corporate Bond Fund Prudential Short-Term Corporate Bond Fund, Inc. | 2026-06-30 | $15.6M | $15.6M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $15.4M | $15.2M | -$389K |
| Baird Intermediate Bond Fund Baird Funds Inc | 2026-06-30 | $14.7M | $14.9M | $0 |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $10.0M | $10.0M | $0 |
| Baird Ultra Short Bond Fund Baird Funds Inc | 2026-06-30 | $8.0M | $8.0M | new |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $7.8M | $7.7M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $6.7M | $6.6M | -$3.0M |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $6.3M | $6.4M | $0 |
| MOA CORE BOND FUND MoA Funds Corp | 2026-06-30 | $6.1M | $6.2M | $2.2M |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $5.8M | $5.8M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $5.8M | $5.6M | $0 |
| Franklin Core Plus Bond Fund Franklin Strategic Series | 2026-07-31 | $4.9M | $4.7M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $4.5M | $4.5M | $0 |
| Franklin U.S. Core Bond ETF Franklin Templeton ETF Trust | 2026-06-30 | $4.6M | $4.5M | $0 |
| Thompson Bond Fund Thompson IM Funds, Inc. | 2026-05-31 | $4.4M | $4.4M | $875K |
| Putnam Ultra Short Duration Income Fund Putnam Funds Trust | 2026-07-31 | $4.2M | $4.2M | new |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $4.3M | $4.2M | -$830K |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $4.1M | $4.2M | $280K |
| Franklin Low Duration Total Return Fund Franklin Investors Securities Trust | 2026-07-31 | $4.2M | $4.2M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.0M | $4.0M | -$156K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Symmetry Panoramic US Systematic Fixed Income Fund ($350K), PGIM Active Aggregate Bond ETF ($310K), iShares ESG Aware 1-5 Year USD Corporate Bond ETF ($145K), WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund ($50K), FlexShares ESG & Climate Investment Grade Corporate Core Index Fund ($40K), Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF ($35K), Franklin Templeton SMACS: Series CP ($14K), Nationwide Invesco Core Plus Bond Fund ($3K).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 3 | $25.3M | $25.1M | 0.01% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $15.5M | $15.8M | 0.02% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $15.4M | $15.2M | 0.03% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 3 | $6.7M | $6.6M | 0.00% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 1 | $5.8M | $5.8M | 0.08% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $4.5M | $4.5M | 0.01% |
| FLCB Franklin U.S. Core Bond ETF | 2026-06-30 | 1 | $4.6M | $4.5M | 0.15% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $4.3M | $4.2M | 0.02% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 1 | $4.1M | $4.2M | 0.01% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $4.0M | $4.0M | 0.04% |
| MYCH State Street(R) My2028 Corporate Bond ETF | 2026-05-31 | 1 | $3.6M | $3.6M | 0.65% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $3.5M | $3.5M | 0.02% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 1 | $3.3M | $3.3M | 0.09% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 1 | $3.4M | $3.3M | 0.08% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 1 | $3.2M | $3.2M | 0.08% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.36: safer than 69% of companies (66th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-07-31.
| Equity value | $12.09B |
| Debt barrier (short-term + ½ long-term debt) | $1.45B |
| Equity volatility (1 year) | 33.7% |
| Asset value / asset volatility (solved) | $13.48B / 30.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 70 bp spread prices in about 1.2% 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'' = 8.79 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TOL'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 | 82 | $127.2M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 795 | $13.66B | 19 | $167.5M | 18 | $137.6M | 0 |
| 2026-03-31 | 768 | $9.91B | 21 | $133.0M | 17 | $123.5M | 0 |
| 2025-12-31 | 724 | $10.96B | 24 | $224.1M | 24 | $209.5M | 1 |
| 2025-09-30 | 712 | $11.56B | 22 | $259.7M | 23 | $218.4M | 0 |
| 2025-06-30 | 655 | $9.96B | 22 | $193.6M | 19 | $161.2M | 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.