Titan International, Inc. bonds TWI
Who owns Titan International, 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. TWI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 88830MAM4 | 7% fixed | 2028-04-30 | USD | 99.82 | 7.10% | 293 bp | 15 | $26.6M | 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 | 1 | $26.6M | 99.81 | 7.10% | 293 bp | 15 |
| Jun 2026 | 1 | $70.1M | 100.11 | 6.92% | 285 bp | 17 |
| May 2026 | 1 | $41.6M | 99.94 | 7.03% | 304 bp | 12 |
| Apr 2026 | 1 | $26.5M | 99.96 | 7.02% | 322 bp | 17 |
| Mar 2026 | 1 | $66.0M | 99.84 | 7.08% | 337 bp | 16 |
| Feb 2026 | 1 | $43.1M | 100.19 | 6.90% | 342 bp | 13 |
| Jan 2026 | 1 | $28.1M | 100.43 | 6.79% | 323 bp | 19 |
| Dec 2025 | 1 | $60.8M | 100.54 | 6.74% | 322 bp | 15 |
| Nov 2025 | 1 | $40.1M | 100.53 | 6.75% | 320 bp | 13 |
| Oct 2025 | 1 | $28.4M | 100.24 | 6.89% | 337 bp | 22 |
| Sep 2025 | 1 | $53.3M | 100.19 | 6.92% | 336 bp | 17 |
| Aug 2025 | 1 | $41.4M | 100.17 | 6.92% | 324 bp | 13 |
| Jul 2025 | 1 | $29.9M | 99.86 | 7.05% | 320 bp | 22 |
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. 10 added, 8 cut, 2 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $27.3M | $27.3M | -$1.5M |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $23.8M | $23.8M | $2.5M |
| BrandywineGLOBAL - CORPORATE CREDIT FUND Legg Mason Partners Investment Trust | 2026-06-30 | $16.0M | $16.0M | $2.3M |
| AB HIGH INCOME FUND INC | 2026-07-31 | $7.0M | $7.0M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $6.7M | $6.7M | -$829K |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $6.0M | $6.0M | $0 |
| Western Asset Diversified Income Fund | 2026-06-30 | $5.2M | $5.2M | $0 |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $5.1M | $5.1M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.4M | $4.4M | -$357K |
| Greenspring Income Opportunities Fund Manager Directed Portfolios | 2026-06-30 | $4.3M | $4.3M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $3.8M | $3.8M | $540K |
| Hotchkis and Wiley High Yield Fund HOTCHKIS & WILEY FUNDS/DE/ | 2026-06-30 | $3.7M | $3.7M | $0 |
| PGIM Active High Yield Bond ETF PGIM ETF Trust | 2026-05-29 | $2.7M | $2.7M | $399K |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $2.6M | $2.6M | -$54K |
| Invesco BulletShares 2028 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $2.1M | $2.1M | $320K |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $1.7M | $1.7M | $0 |
| AllianceBernstein Global High Income Fund Inc | 2026-06-30 | $1.4M | $1.4M | $0 |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $1.3M | $1.3M | new |
| Western Asset Short Duration High Income Fund Legg Mason Partners Income Trust | 2026-07-31 | $1.3M | $1.3M | $0 |
| iShares iBonds 2028 Term High Yield and Income ETF iShares Trust | 2026-07-31 | $1.2M | $1.2M | $44K |
| Xtrackers USD High Yield BB-B ex Financials ETF DBX ETF Trust | 2026-05-31 | $1.1M | $1.1M | -$180K |
| Western Asset High Income Opportunity Fund Inc. | 2026-06-30 | $960K | $962K | $0 |
| Six Circles Credit Opportunities Fund SIX CIRCLES TRUST | 2026-06-30 | $911K | $910K | $0 |
| Nuveen High Yield Corporate Bond ETF NuShares ETF Trust | 2026-07-31 | $877K | $875K | $468K |
| PSF PGIM High Yield Bond Portfolio Prudential Series Fund | 2026-06-30 | $835K | $834K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Western Asset High Income Fund II Inc. ($1.4M), Western Asset High Yield Fund ($520K), Western Asset Variable Global High Yield Bond Portfolio ($380K), BNY Mellon High Yield ETF ($27K).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $6.7M | $6.7M | 0.02% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $4.4M | $4.4M | 0.04% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $3.8M | $3.8M | 0.05% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $2.7M | $2.7M | 0.21% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $2.6M | $2.6M | 0.15% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $2.1M | $2.1M | 0.31% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $1.3M | $1.3M | 0.12% |
| IBHH iShares iBonds 2028 Term High Yield and Income ETF | 2026-07-31 | 1 | $1.2M | $1.2M | 0.26% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.1M | $1.1M | 0.05% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $809K | $809K | 0.03% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $578K | $577K | 0.01% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $425K | $424K | 0.00% |
| PSH PGIM Short Duration High Yield ETF | 2026-05-29 | 1 | $326K | $326K | 0.20% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $170K | $170K | 0.03% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $130K | $130K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.06: safer than 26% of companies (24th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $428.2M |
| Debt barrier (short-term + ½ long-term debt) | $313.8M |
| Equity volatility (1 year) | 47.1% |
| Asset value / asset volatility (solved) | $728.9M / 27.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 293 bp spread prices in about 4.9% 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 = 1.75 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TWI'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 | 14 | $2.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 168 | $428.7M | 3 | $207K | 6 | $752K | 0 |
| 2026-03-31 | 171 | $369.7M | 3 | $167K | 5 | $475K | 0 |
| 2025-12-31 | 171 | $439.6M | 4 | $328K | 3 | $94K | 0 |
| 2025-09-30 | 188 | $431.1M | 3 | $448K | 5 | $1.7M | 0 |
| 2025-06-30 | 184 | $597.2M | 3 | $225K | 7 | $2.1M | 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.