Travere Therapeutics, Inc. bonds TVTX
Who owns Travere Therapeutics, 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. TVTX 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 |
|---|---|---|---|---|---|---|---|---|---|
| 89422GAA5 convertible | 2.25% fixed | 2029-03-01 | USD | 181.55 | — | — | 1 | $289K | Jul 2026 |
| 89422GAB3 convertible | 0.5% fixed | 2032-05-15 | USD | 116.79 | — | — | 26 | $101.2M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
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 | 2 | $101.5M | 149.17 | — | — | 26 |
| Jun 2026 | 2 | $33.3M | 150.15 | — | — | 10 |
| May 2026 | 2 | $23.2M | 132.45 | — | — | 6 |
| Apr 2026 | 1 | $9.2M | 149.79 | — | — | 3 |
| Mar 2026 | 1 | $3.0M | 126.12 | — | — | 4 |
| Feb 2026 | 1 | $9.6M | 126.68 | — | — | 5 |
| Jan 2026 | 1 | $9.6M | 129.70 | — | — | 5 |
| Dec 2025 | 1 | $14.3M | 142.32 | — | — | 7 |
| Nov 2025 | 1 | $11.9M | 135.56 | — | — | 4 |
| Oct 2025 | 1 | $8.3M | 135.62 | — | — | 4 |
| Sep 2025 | 1 | $2.2M | 112.74 | — | — | 1 |
| Aug 2025 | 2 | $3.8M | 100.10 | — | — | 3 |
| Jul 2025 | 2 | $4.7M | 97.79 | — | — | 3 |
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. 5 added, 2 cut, 35 new holders and 5 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $11.0M | $12.9M | $5.7M |
| Lord Abbett Convertible Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $10.1M | $10.7M | $5.8M |
| CALAMOS STRATEGIC TOTAL RETURN FUND | 2026-07-31 | $9.0M | $10.5M | new |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $8.8M | $10.3M | new |
| Virtus Convertible Fund Virtus Strategy Trust | 2026-06-30 | $8.5M | $10.0M | new |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $7.5M | $8.8M | new |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $7.9M | $8.3M | new |
| Miller Market Neutral Income Fund Miller Investment Trust | 2026-07-31 | $7.0M | $8.2M | new |
| Calamos Growth & Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $6.9M | $8.0M | new |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $6.6M | $7.8M | new |
| CALAMOS CONVERTIBLE & HIGH INCOME FUND | 2026-07-31 | $5.5M | $6.4M | new |
| Calamos Convertible Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $5.5M | $6.4M | new |
| Calamos Global Dynamic Income Fund | 2026-07-31 | $5.3M | $6.2M | new |
| CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND | 2026-07-31 | $5.2M | $6.1M | new |
| Calamos Dynamic Convertible & Income Fund | 2026-07-31 | $4.5M | $5.3M | new |
| Calamos Global Opportunities Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $4.3M | $5.0M | new |
| Invesco Convertible Securities Fund AIM Growth Series (Invesco Growth Series) | 2026-06-30 | $2.5M | $2.9M | new |
| Virtus Convertible & Income Fund | 2026-07-31 | $2.2M | $2.6M | new |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $1.8M | $2.4M | -$370K |
| WESTWOOD ALTERNATIVE INCOME FUND Ultimus Managers Trust | 2026-07-31 | $2.0M | $2.3M | new |
| Virtus Convertible & Income Fund II | 2026-07-31 | $1.8M | $2.1M | new |
| Virtus Equity & Convertible Income Fund | 2026-07-31 | $1.8M | $2.1M | new |
| Virtus Dividend, Interest & Premium Strategy Fund | 2026-07-31 | $1.8M | $2.1M | new |
| Advent Convertible & Income Fund ADVENT CONVERTIBLE & INCOME FUND | 2026-07-31 | $1.3M | $1.5M | $723K |
| Virtus Diversified Income & Convertible Fund | 2026-07-31 | $1.3M | $1.5M | new |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Janus Henderson High-Yield Fund ($1.2M), VIP High Income Portfolio ($891K), Defensive Market Strategies Fund ($269K), Advent Convertible Bond ETF ($221K), MML VIP Fidelity Institutional AM Core Plus Bond Fund ($45K).
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 |
|---|---|---|---|---|---|
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $11.0M | $12.9M | 0.18% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $6.6M | $7.8M | 0.13% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $150K | $177K | 0.02% |
| OBND State Street(R) Loomis Sayles Opportunistic Bond ETF | 2026-06-30 | 1 | $51K | $60K | 0.10% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.61: safer than 44% of companies (42th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $4.77B |
| Debt barrier (short-term + ½ long-term debt) | $307.6M |
| Equity volatility (1 year) | 61.7% |
| Asset value / asset volatility (solved) | $5.07B / 58.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z'' = -2.95 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TVTX'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 | $95.7M | 0 | — | 0 | — | 1 |
| 2026-06-30 | 307 | $5.86B | 9 | $49.4M | 11 | $77.8M | 44 |
| 2026-03-31 | 242 | $2.77B | 16 | $59.4M | 10 | $83.0M | 24 |
| 2025-12-31 | 265 | $3.86B | 18 | $103.2M | 14 | $110.9M | 28 |
| 2025-09-30 | 228 | $2.39B | 13 | $24.1M | 19 | $72.5M | 25 |
| 2025-06-30 | 205 | $1.54B | 7 | $6.8M | 17 | $34.2M | 22 |
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.