TPG Inc. bonds TPGXL
Who owns TPG 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. TPGXL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 87268QAA4 | 4.875% fixed | 2031-05-15 | USD | 97.75 | 5.41% | 109 bp | 22 | $22.8M | Jul 2026 |
| 872652AA0 | 5.875% fixed | 2034-03-05 | USD | 100.51 | 5.79% | 130 bp | 11 | $9.2M | Jul 2026 |
| 872652AB8 | 5.375% fixed | 2036-01-15 | USD | 96.26 | 5.90% | 132 bp | 12 | $13.1M | 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 | 3 | $45.0M | 97.75 | 5.79% | 130 bp | 22 |
| Jun 2026 | 3 | $180.9M | 98.57 | 5.64% | 128 bp | 54 |
| May 2026 | 3 | $78.8M | 98.93 | 5.52% | 117 bp | 17 |
| Apr 2026 | 3 | $55.3M | 98.63 | 5.58% | 139 bp | 22 |
| Mar 2026 | 3 | $189.9M | 98.08 | 5.65% | 154 bp | 60 |
| Feb 2026 | 3 | $81.0M | 100.44 | 5.33% | 136 bp | 16 |
| Jan 2026 | 2 | $24.0M | 101.56 | 5.38% | 124 bp | 9 |
| Dec 2025 | 2 | $109.0M | 102.07 | 5.31% | 124 bp | 25 |
| Nov 2025 | 2 | $40.4M | 102.60 | 5.24% | 121 bp | 14 |
| Oct 2025 | 2 | $32.3M | 102.60 | 5.24% | 124 bp | 11 |
| Sep 2025 | 2 | $116.3M | 102.91 | 5.20% | 114 bp | 31 |
| Aug 2025 | 2 | $52.4M | 102.17 | 5.30% | 110 bp | 14 |
| Jul 2025 | 1 | $7.0M | 103.83 | 5.31% | 104 bp | 8 |
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. 26 added, 24 cut, 9 new holders and 17 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $50.3M | $50.2M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $31.3M | $31.3M | -$4.0M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $28.1M | $28.1M | -$122K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $22.6M | $22.5M | $0 |
| Guggenheim Limited Duration Fund Guggenheim Funds Trust | 2026-06-30 | $10.0M | $9.9M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.4M | $8.4M | $1.8M |
| SIIT INTERMEDIATE DURATION CREDIT FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $8.3M | $8.2M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $7.3M | $7.3M | $370K |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $7.1M | $7.0M | $0 |
| Allspring Core Plus Bond Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $5.8M | $6.0M | -$1.0M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $5.9M | $5.9M | -$1.8M |
| Guggenheim Core Bond Fund Guggenheim Funds Trust | 2026-06-30 | $5.9M | $5.8M | $0 |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $5.6M | $5.5M | $0 |
| Capital Income Builder | 2026-07-31 | $5.0M | $4.8M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $4.7M | $4.7M | $200K |
| Harbor Core Bond Fund HARBOR FUNDS | 2026-07-31 | $4.7M | $4.6M | $0 |
| Multi-Manager Total Return Bond Strategies Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $4.4M | $4.3M | -$1.9M |
| VOYA INTERMEDIATE BOND FUND Voya Funds Trust | 2026-06-30 | $4.2M | $4.2M | -$922K |
| Thornburg Limited Term Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $3.4M | $3.4M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.1M | $3.1M | -$71K |
| iShares Investment Grade Systematic Bond ETF iShares Trust | 2026-05-31 | $3.0M | $3.0M | new |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $2.9M | $2.9M | new |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $2.8M | $2.8M | $920K |
| VictoryShares Short-Term Bond ETF Victory Portfolios II | 2026-06-30 | $2.9M | $2.8M | $1.4M |
| Victory Short-Term Bond Fund Victory Portfolios III | 2026-07-31 | $2.9M | $2.8M | $1.4M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Transamerica Short-Term Bond ($6.9M), Transamerica Bond ($3.1M), Transamerica Aegon Bond VP ($2.4M), Transamerica Core Bond ($2.3M), Transamerica Aegon Core Bond VP ($1.9M), SIIT CORE FIXED INCOME FUND ($1.8M), Core Bond Fund ($1.0M), Transamerica Multi-Managed Balanced ($766K), Transamerica Multi-Managed Balanced VP ($674K), BlackRock Systematic Multi-Strategy Fund ($650K).
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 | 3 | $31.3M | $31.3M | 0.05% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 3 | $28.1M | $28.1M | 0.01% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $8.4M | $8.4M | 0.05% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $7.3M | $7.3M | 0.01% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 2 | $7.1M | $7.0M | 0.06% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $5.9M | $5.9M | 0.05% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 3 | $4.7M | $4.7M | 0.00% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 3 | $3.1M | $3.1M | 0.03% |
| IGEB iShares Investment Grade Systematic Bond ETF | 2026-05-31 | 2 | $3.0M | $3.0M | 0.22% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $2.9M | $2.9M | 0.00% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $2.8M | $2.8M | 0.02% |
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 1 | $2.9M | $2.8M | 0.13% |
| UITB VictoryShares Core Intermediate Bond ETF | 2026-06-30 | 1 | $1.9M | $1.8M | 0.07% |
| IBDZ iShares iBonds Dec 2034 Term Corporate ETF | 2026-07-31 | 1 | $1.8M | $1.8M | 0.21% |
| SPBO State Street(R) SPDR Portfolio Corporate Bond ETF | 2026-06-30 | 3 | $1.7M | $1.7M | 0.08% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 130 bp spread prices in about 2.2% 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
Not available.
The stock side: 13F filings
What institutions report holding in TPGXL'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 | 36 | $28.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 360 | $5.63B | 12 | $165.1M | 13 | $25.2M | 0 |
| 2026-03-31 | 341 | $4.50B | 11 | $99.2M | 10 | $11.7M | 0 |
| 2025-12-31 | 333 | $7.75B | 8 | $16.2M | 11 | $23.9M | 0 |
| 2025-09-30 | 313 | $6.85B | 7 | $45.4M | 9 | $73.8M | 0 |
| 2025-06-30 | 264 | $6.24B | 13 | $145.8M | 13 | $66.1M | 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.