Targa Resources Corp. bonds TRGP
Who owns Targa Resources Corp.'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. TRGP 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 |
|---|---|---|---|---|---|---|---|---|---|
| 87613LH36 | 0% none | 2026-08-03 | USD | 100.00 | — | — | 1 | $60.0M | Jul 2026 |
| 87612KAA0 | 5.2% fixed | 2027-07-01 | USD | 100.55 | 4.58% | 57 bp | 13 | $17.0M | Jul 2026 |
| 87612BBG6 | 5% fixed | 2028-01-15 | USD | 99.92 | 5.06% | 93 bp | 22 | $28.5M | Jul 2026 |
| 87612GAR2 | 4.35% fixed | 2029-01-15 | USD | 98.93 | 4.82% | 58 bp | 14 | $16.2M | Jul 2026 |
| 87612GAE1 | 6.15% fixed | 2029-03-01 | USD | 103.00 | 4.90% | 66 bp | 29 | $68.0M | Jul 2026 |
| 87612BBQ4 | 5.5% fixed | 2030-03-01 | USD | 100.64 | 5.30% | 102 bp | 14 | $18.6M | Jul 2026 |
| 87612GAP6 | 4.9% fixed | 2030-09-15 | USD | 99.51 | 5.03% | 73 bp | 15 | $16.6M | Jul 2026 |
| 87612BBS0 | 4.875% fixed | 2031-02-01 | USD | 98.86 | 5.16% | 85 bp | 21 | $57.2M | Jul 2026 |
| 87612GAT8 | 4.35% fixed | 2031-04-15 | USD | 96.85 | 5.11% | 79 bp | 25 | $42.9M | Jul 2026 |
| 87612BBU5 | 4% fixed | 2032-01-15 | USD | 93.72 | 5.34% | 98 bp | 13 | $70.9M | Jul 2026 |
| 87612GAA9 | 4.2% fixed | 2033-02-01 | USD | 93.35 | 5.43% | 100 bp | 23 | $49.2M | Jul 2026 |
| 87612GAC5 | 6.125% fixed | 2033-03-15 | USD | 103.85 | 5.42% | 99 bp | 25 | $88.1M | Jul 2026 |
| 87612GAF8 | 6.5% fixed | 2034-03-30 | USD | 105.91 | 5.54% | 105 bp | 15 | $42.5M | Jul 2026 |
| 87612GAK7 | 5.5% fixed | 2035-02-15 | USD | 98.98 | 5.65% | 112 bp | 16 | $18.0M | Jul 2026 |
| 87612GAM3 | 5.55% fixed | 2035-08-15 | USD | 99.17 | 5.67% | 111 bp | 13 | $7.1M | Jul 2026 |
| 87612GAQ4 | 5.65% fixed | 2036-02-15 | USD | 99.75 | 5.68% | 110 bp | 12 | $17.0M | Jul 2026 |
| 87612GAS0 | 5.4% fixed | 2036-07-30 | USD | 97.47 | 5.74% | 114 bp | 12 | $57.8M | Jul 2026 |
| 87612GAB7 | 4.95% fixed | 2052-04-15 | USD | 81.30 | 6.45% | 134 bp | 14 | $31.8M | Jul 2026 |
| 87612KAC6 | 6.25% fixed | 2052-07-01 | USD | 97.27 | 6.47% | 136 bp | 8 | $10.6M | Jul 2026 |
| 87612GAD3 | 6.5% fixed | 2053-02-15 | USD | 100.21 | 6.48% | 138 bp | 8 | $3.8M | Jul 2026 |
| 87612GAN1 | 6.125% fixed | 2055-05-15 | USD | 95.28 | 6.49% | 139 bp | 8 | $3.8M | Jul 2026 |
| 87612GAU5 | 6.05% fixed | 2056-05-15 | USD | 94.19 | 6.49% | 139 bp | 17 | $10.3M | 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 | 22 | $736.1M | 99.08 | 5.48% | 104 bp | 29 |
| Jun 2026 | 21 | $2.17B | 100.20 | 5.24% | 95 bp | 72 |
| May 2026 | 21 | $1.70B | 100.66 | 5.12% | 86 bp | 47 |
| Apr 2026 | 21 | $773.0M | 99.94 | 5.13% | 104 bp | 28 |
| Mar 2026 | 24 | $2.18B | 99.89 | 5.18% | 117 bp | 75 |
| Feb 2026 | 27 | $1.71B | 101.11 | 4.92% | 94 bp | 50 |
| Jan 2026 | 19 | $747.9M | 101.54 | 4.99% | 102 bp | 31 |
| Dec 2025 | 20 | $2.18B | 101.35 | 5.10% | 112 bp | 72 |
| Nov 2025 | 20 | $1.58B | 101.68 | 5.03% | 112 bp | 44 |
| Oct 2025 | 18 | $725.9M | 101.58 | 5.14% | 123 bp | 32 |
| Sep 2025 | 19 | $2.12B | 101.74 | 5.14% | 120 bp | 68 |
| Aug 2025 | 23 | $1.45B | 100.15 | 5.25% | 119 bp | 37 |
| Jul 2025 | 18 | $734.3M | 100.37 | 5.36% | 115 bp | 33 |
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. 129 added, 120 cut, 19 new holders and 47 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 | $222.4M | $223.5M | $9.1M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $217.3M | $220.8M | $14.2M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $206.3M | $204.9M | $33.2M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $158.0M | $156.0M | -$20.0M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $131.1M | $132.9M | -$4.8M |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $107.9M | $113.6M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $111.7M | $111.7M | -$8.3M |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $107.6M | $107.8M | $45.0M |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $87.7M | $89.6M | $0 |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $80.4M | $80.8M | -$12.1M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $78.4M | $78.6M | -$3.9M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $77.9M | $77.9M | $13.5M |
| Fidelity Investment Grade Bond Central Fund Fidelity Central Investment Portfolios II LLC | 2026-06-30 | $74.5M | $74.7M | $0 |
| Fidelity Series Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $72.1M | $72.7M | $0 |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $70.2M | $70.8M | $6.0M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $67.5M | $66.9M | $0 |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $61.5M | $61.7M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $60.8M | $61.6M | $534K |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $61.1M | $61.6M | $0 |
| First Trust Enhanced Short Maturity ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $60.0M | $60.0M | new |
| MFS Income Fund MFS Series Trust VIII | 2026-07-31 | $59.9M | $58.1M | $0 |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $54.8M | $54.5M | $0 |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $54.6M | $53.9M | $0 |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $50.6M | $53.1M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $46.3M | $46.0M | -$45.0M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO International Bond Fund (U.S. Dollar-Hedged) ($12.9M), PIMCO Total Return Fund ($10.6M), PIMCO Enhanced Short Maturity Active Exchange-Traded Fund ($5.0M), PIMCO CommoditiesPLUS Strategy Fund ($4.8M), THE HARTFORD TOTAL RETURN BOND FUND ($4.4M), Transamerica Bond ($2.7M), DoubleLine Core Fixed Income Fund ($2.6M), ALPS | Smith Total Return Bond Fund ($1.8M), Franklin Ultra Short Bond ETF ($1.6M), HARTFORD TOTAL RETURN BOND HLS FUND ($1.5M).
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 | 17 | $222.4M | $223.5M | 0.06% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 7 | $217.3M | $220.8M | 0.32% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 16 | $111.7M | $111.7M | 0.38% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 21 | $78.4M | $78.6M | 0.06% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $77.9M | $77.9M | 0.16% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 7 | $60.8M | $61.6M | 0.12% |
| FTSM First Trust Enhanced Short Maturity ETF | 2026-07-31 | 1 | $60.0M | $60.0M | 0.92% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $43.4M | $44.1M | 0.24% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 5 | $42.6M | $42.8M | 0.16% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 8 | $38.2M | $38.5M | 0.17% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 7 | $33.9M | $34.3M | 0.30% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 21 | $33.5M | $33.7M | 0.19% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 6 | $29.5M | $29.8M | 0.04% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 14 | $26.6M | $26.8M | 0.23% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 21 | $24.1M | $23.7M | 0.06% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.06: safer than 73% of companies (80th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $62.47B |
| Debt barrier (short-term + ½ long-term debt) | $10.00B |
| Equity volatility (1 year) | 28.4% |
| Asset value / asset volatility (solved) | $72.05B / 24.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 104 bp spread prices in about 1.7% 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'' = 1.07 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TRGP'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 | 141 | $629.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,075 | $50.96B | 17 | $59.7M | 20 | $307.2M | 0 |
| 2026-03-31 | 1,008 | $39.08B | 21 | $71.1M | 19 | $236.1M | 0 |
| 2025-12-31 | 934 | $34.46B | 12 | $26.9M | 17 | $104.5M | 0 |
| 2025-09-30 | 886 | $30.83B | 17 | $63.1M | 23 | $200.7M | 0 |
| 2025-06-30 | 894 | $32.85B | 21 | $87.0M | 26 | $178.3M | 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.