Trinity Capital Inc. bonds TRIN
Who owns Trinity Capital 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. TRIN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 896442AG5 | 4.375% fixed | 2026-08-24 | USD | 99.80 | 7.39% | 366 bp | 2 | $30.1M | Jul 2026 |
| 896442AH3 | 4.25% fixed | 2026-12-15 | USD | 99.27 | 6.24% | 246 bp | 1 | $3.1M | Jul 2026 |
| 896442AL4 | 7% fixed | 2031-05-21 | USD | 100.45 | 6.89% | 256 bp | 13 | $8.1M | 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 | $41.3M | 99.80 | 6.88% | 256 bp | 13 |
| Jun 2026 | 2 | $7.3M | 100.34 | 6.70% | 250 bp | 11 |
| May 2026 | 1 | $8.2M | 100.65 | 6.84% | 270 bp | 4 |
| Apr 2026 | 2 | $53.9M | 98.67 | — | — | 2 |
| Mar 2026 | 1 | $1.3M | 98.73 | — | — | 2 |
| Feb 2026 | 1 | $6K | — | — | — | 1 |
| Jan 2026 | 2 | $53.8M | 98.38 | — | — | 2 |
| Dec 2025 | 1 | $1.3M | 98.68 | — | — | 2 |
| Nov 2025 | 1 | $6K | — | — | — | 1 |
| Oct 2025 | 2 | $52.7M | 97.74 | 6.74% | 314 bp | 2 |
| Sep 2025 | 1 | $1.3M | 98.64 | — | — | 2 |
| Aug 2025 | 1 | $136K | — | — | — | 1 |
| Jul 2025 | 2 | $52.0M | 96.44 | 7.41% | 337 bp | 2 |
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. 0 added, 1 cut, 28 new holders and 1 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Holbrook Income Fund Two Roads Shared Trust | 2026-07-31 | $29.6M | $29.6M | -$21.3M |
| Invesco Core Plus Bond Fund AIM Counselor Series Trust (Invesco Counselor Series Trust) | 2026-05-31 | $3.3M | $3.3M | new |
| Harbor Core Plus Fund HARBOR FUNDS | 2026-07-31 | $3.3M | $3.3M | new |
| BBH Income Fund BBH Trust | 2026-07-31 | $3.2M | $3.1M | $0 |
| Invesco Corporate Bond Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $3.0M | $3.0M | new |
| NVIT Loomis Core Bond Fund Nationwide Variable Insurance Trust | 2026-06-30 | $2.3M | $2.3M | new |
| Multi-Manager Total Return Bond Strategies Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $1.7M | $1.7M | new |
| iShares iBonds Dec 2031 Term Corporate ETF iShares Trust | 2026-07-31 | $1.7M | $1.7M | new |
| Invesco Core Bond Fund AIM Investment Funds (Invesco Investment Funds) | 2026-07-31 | $1.4M | $1.4M | new |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $1.3M | $1.3M | new |
| First Trust Alternative Opportunities Fund | 2026-06-30 | $1.0M | $995K | $0 |
| Invesco Total Return Bond ETF Invesco Actively Managed Exchange-Traded Fund Trust | 2026-07-31 | $958K | $963K | new |
| NVIT Loomis Short Term Bond Fund Nationwide Variable Insurance Trust | 2026-06-30 | $835K | $845K | new |
| Nuveen Bond Index Fund TIAA-CREF Funds | 2026-06-30 | $500K | $506K | new |
| Clough Global Dividend and Income Fund CLOUGH GLOBAL DIVIDEND AND INCOME FUND | 2026-07-31 | $500K | $499K | $0 |
| iMGP Low Duration Income Fund LITMAN GREGORY FUNDS TRUST | 2026-06-30 | $320K | $318K | $0 |
| Nationwide Loomis Core Bond Fund Nationwide Mutual Funds | 2026-07-31 | $288K | $289K | new |
| State Street(R) SPDR(R) Portfolio Aggregate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $250K | $253K | new |
| Catholic Responsible Investments Bond Fund Catholic Responsible Investments Funds | 2026-07-31 | $218K | $219K | new |
| EQ/Core Plus Bond Portfolio EQ Advisors Trust | 2026-06-30 | $195K | $198K | new |
| Loomis Sayles Intermediate Duration Bond Fund LOOMIS SAYLES FUNDS I | 2026-06-30 | $145K | $147K | new |
| Invesco Bond Fund | 2026-05-31 | $129K | $130K | new |
| State Street(R) SPDR Portfolio Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $125K | $127K | new |
| Schwab 1-5 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $105K | $106K | new |
| Schwab U.S. Aggregate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $100K | $101K | new |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Infrastructure Capital Bond Income ETF ($229).
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 |
|---|---|---|---|---|---|
| IBDW iShares iBonds Dec 2031 Term Corporate ETF | 2026-07-31 | 1 | $1.7M | $1.7M | 0.07% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 1 | $1.3M | $1.3M | 0.01% |
| GTO Invesco Total Return Bond ETF | 2026-07-31 | 1 | $958K | $963K | 0.04% |
| SPAB State Street(R) SPDR(R) Portfolio Aggregate Bond ETF | 2026-06-30 | 1 | $250K | $253K | 0.00% |
| SPBO State Street(R) SPDR Portfolio Corporate Bond ETF | 2026-06-30 | 1 | $125K | $127K | 0.01% |
| SCHJ Schwab 1-5 Year Corporate Bond ETF | 2026-06-30 | 1 | $105K | $106K | 0.01% |
| SCHZ Schwab U.S. Aggregate Bond ETF | 2026-06-30 | 1 | $100K | $101K | 0.00% |
| AGGS Harbor Disciplined Bond ETF | 2026-07-31 | 1 | $100K | $100K | 0.26% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $50K | $50K | 0.00% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $5K | $5K | 0.00% |
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 256 bp spread prices in about 4.3% 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 TRIN'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 | 21 | $34.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 167 | $417.8M | 4 | $9.5M | 5 | $7.9M | 0 |
| 2026-03-31 | 160 | $248.9M | 6 | $20.3M | 5 | $5.7M | 0 |
| 2025-12-31 | 157 | $247.1M | 5 | $4.6M | 4 | $4.4M | 0 |
| 2025-09-30 | 130 | $258.0M | 3 | $543K | 4 | $4.0M | 0 |
| 2025-06-30 | 129 | $220.5M | 5 | $11.7M | 5 | $6.9M | 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.