TXNM Energy, Inc. bonds TXNM
Who owns TXNM Energy, 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. TXNM 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 |
|---|---|---|---|---|---|---|---|---|---|
| 69349HAF4 convertible | 5.75% fixed | 2054-06-01 | USD | 132.90 | — | — | 4 | $100.3M | Jul 2026 |
| 69349HAJ6 | 7% fixed | 2056-07-31 | USD | 100.54 | 6.96% | 186 bp | 16 | $45.8M | 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 | $146.2M | 116.72 | — | — | 16 |
| Jun 2026 | 2 | $59.7M | 115.69 | — | — | 19 |
| May 2026 | 2 | $33.6M | 118.13 | — | — | 11 |
| Apr 2026 | 2 | $128.9M | 117.42 | — | — | 16 |
| Mar 2026 | 2 | $57.7M | 116.59 | — | — | 18 |
| Feb 2026 | 2 | $27.8M | 118.02 | — | — | 9 |
| Jan 2026 | 2 | $129.1M | 117.82 | — | — | 19 |
| Dec 2025 | 2 | $53.0M | 116.95 | — | — | 15 |
| Nov 2025 | 1 | $13.5M | 133.34 | — | — | 4 |
| Oct 2025 | 1 | $83.0M | 131.42 | — | — | 6 |
| Sep 2025 | 1 | $13.4M | 130.64 | — | — | 6 |
| Aug 2025 | 1 | $13.7M | 130.83 | — | — | 4 |
| Jul 2025 | 1 | $69.8M | 131.24 | — | — | 6 |
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. 19 added, 1 cut, 3 new holders and 1 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $32.4M | $43.1M | $7.5M |
| Franklin Convertible Securities Fund Franklin Investors Securities Trust | 2026-07-31 | $31.5M | $41.9M | $0 |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $25.9M | $26.1M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $11.4M | $15.2M | $2.6M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $10.2M | $10.3M | $0 |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $7.9M | $10.3M | $900K |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $9.4M | $9.5M | $0 |
| John Hancock Tax-Advantaged Dividend Income Fund | 2026-07-31 | $8.9M | $8.9M | $0 |
| WATER ISLAND CREDIT OPPORTUNITIES FUND ARBITRAGE FUNDS | 2026-05-31 | $6.0M | $8.1M | $3.0M |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $6.6M | $6.6M | $0 |
| Strategic Income Opportunities Fund John Hancock Funds II | 2026-05-31 | $4.1M | $5.6M | $0 |
| John Hancock Preferred Income Fund III | 2026-07-31 | $5.0M | $5.0M | $0 |
| John Hancock Preferred Income Fund | 2026-07-31 | $4.7M | $4.7M | $0 |
| Payden High Income Fund PAYDEN & RYGEL INVESTMENT GROUP | 2026-07-31 | $4.3M | $4.3M | $425K |
| Frost Credit Fund Frost Family of Funds | 2026-07-31 | $4.0M | $4.0M | new |
| John Hancock Preferred Income Fund II | 2026-07-31 | $3.7M | $3.7M | $0 |
| Income Fund John Hancock Strategic Series | 2026-05-31 | $2.7M | $3.7M | $0 |
| Flaherty & Crumrine Preferred and Income Securities Fund Incorporated Flaherty & Crumrine Preferred & Income Securities Fund Inc | 2026-05-29 | $2.9M | $2.9M | $0 |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $2.7M | $2.7M | $89K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.5M | $2.5M | $60K |
| Goldman Sachs Multi-Manager Non-Core Fixed Income Fund Goldman Sachs Trust II | 2026-07-31 | $2.2M | $2.3M | $0 |
| John Hancock Preferred Income ETF John Hancock Exchange-Traded Fund Trust | 2026-06-30 | $1.7M | $1.7M | $150K |
| Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated Flaherty & Crumrine Dynamic Preferred & Income Fund Inc | 2026-05-29 | $1.6M | $1.6M | $0 |
| Bond-Debenture Portfolio LORD ABBETT SERIES FUND INC | 2026-06-30 | $1.3M | $1.3M | $0 |
| Multi-Asset High Income Fund John Hancock Funds II | 2026-05-31 | $1.2M | $1.3M | new |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Calamos Convertible Equity Alternative ETF ($47K).
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 | $11.4M | $15.2M | 0.21% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $7.9M | $10.3M | 0.17% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $2.7M | $2.7M | 0.16% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $2.5M | $2.5M | 0.02% |
| JHPI John Hancock Preferred Income ETF | 2026-06-30 | 1 | $1.7M | $1.7M | 0.84% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $770K | $778K | 0.03% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $763K | $771K | 0.03% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $413K | $415K | 0.00% |
| PRFD PIMCO Preferred and Capital Securities Active Exchange-Traded Fund | 2026-06-30 | 1 | $400K | $405K | 0.18% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $310K | $313K | 0.05% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $204K | $205K | 0.04% |
| HYBB iShares BB Rated Corporate Bond ETF | 2026-07-31 | 1 | $175K | $176K | 0.04% |
| BKHY BNY Mellon High Yield ETF | 2026-07-31 | 1 | $115K | $116K | 0.07% |
| XHYD BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF | 2026-04-30 | 1 | $45K | $45K | 0.26% |
| BNDP VANGUARD CORE-PLUS BOND INDEX ETF | 2026-06-30 | 1 | $3K | $3K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 48.95: safer than 99% of companies (99th percentile in Utilities). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $6.44B |
| Debt barrier (short-term + ½ long-term debt) | $735.3M |
| Equity volatility (1 year) | 5.2% |
| Asset value / asset volatility (solved) | $7.14B / 4.7% |
| 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'' = 0.68 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TXNM'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 | 38 | $13.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 377 | $5.85B | 4 | $1.3M | 4 | $545K | 22 |
| 2026-03-31 | 362 | $5.13B | 3 | $1.3M | 3 | $140K | 23 |
| 2025-12-31 | 367 | $6.05B | 3 | $1.1M | 3 | $960K | 22 |
| 2025-09-30 | 353 | $5.44B | 3 | $2.2M | 2 | $458K | 24 |
| 2025-06-30 | 343 | $5.69B | 4 | $3.4M | 3 | $727K | 27 |
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.