Unity Software Inc. bonds U
Who owns Unity Software 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. U 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 |
|---|---|---|---|---|---|---|---|---|---|
| 91332UAB7 convertible | 0% none | 2026-11-15 | USD | 98.60 | — | — | 4 | $15.7M | Jul 2026 |
| 91332UAH4 convertible | 0% none | 2030-03-15 | USD | 118.70 | — | — | 10 | $37.5M | 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 | $53.2M | 108.65 | — | — | 10 |
| Jun 2026 | 2 | $48.2M | 105.69 | — | — | 15 |
| May 2026 | 2 | $11.1M | 107.39 | — | — | 5 |
| Apr 2026 | 2 | $50.9M | 103.24 | — | — | 10 |
| Mar 2026 | 2 | $42.0M | 98.55 | — | — | 11 |
| Feb 2026 | 2 | $9.7M | 94.90 | — | — | 4 |
| Jan 2026 | 2 | $105.9M | 104.84 | — | — | 18 |
| Dec 2025 | 2 | $86.2M | 120.53 | — | — | 16 |
| Nov 2025 | 2 | $23.7M | 117.94 | — | — | 5 |
| Oct 2025 | 2 | $103.6M | 112.82 | — | — | 17 |
| Sep 2025 | 2 | $81.5M | 114.97 | — | — | 15 |
| Aug 2025 | 2 | $23.7M | 114.69 | — | — | 6 |
| Jul 2025 | 2 | $108.7M | 107.69 | — | — | 19 |
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. 2 added, 11 cut, 7 new holders and 3 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $23.5M | $26.2M | $3.0M |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $18.8M | $20.0M | $2.5M |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $11.5M | $13.0M | $0 |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $10.9M | $12.9M | $0 |
| AQR Diversified Arbitrage Fund AQR Funds | 2026-06-30 | $9.9M | $11.2M | $0 |
| Fidelity SAI Convertible Arbitrage Fund Fidelity Greenwood Street Trust | 2026-07-31 | $5.2M | $5.1M | $0 |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $4.3M | $5.0M | $0 |
| JPMorgan Strategic Income Opportunities Fund JPMorgan Trust I | 2026-05-31 | $3.8M | $3.7M | $0 |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $2.4M | $2.8M | $0 |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $1.6M | $1.9M | -$190K |
| Calamos Global Convertible Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $1.4M | $1.6M | $0 |
| American Beacon SSI Alternative Income Fund AMERICAN BEACON FUNDS | 2026-06-30 | $1.4M | $1.6M | $0 |
| THE HARTFORD STRATEGIC INCOME FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $1.2M | $1.4M | -$3.0M |
| Multi-Asset Strategy Fund RUSSELL INVESTMENT CO | 2026-07-31 | $1.4M | $1.4M | -$13K |
| ABSOLUTE FLEXIBLE FUND Unified Series Trust | 2026-06-30 | $1.0M | $1.1M | $0 |
| Multi-Strategy Income Fund RUSSELL INVESTMENT CO | 2026-07-31 | $842K | $831K | -$8K |
| Morningstar Alternatives Fund Morningstar Funds Trust | 2026-07-31 | $317K | $375K | $0 |
| Advent Convertible Bond ETF RBB Fund Trust | 2026-05-31 | $320K | $375K | new |
| Strategic Alternatives Fund GuideStone Funds | 2026-06-30 | $295K | $334K | $0 |
| Hartford Strategic Income ETF Hartford Funds Exchange-Traded Trust | 2026-07-31 | $273K | $323K | -$475K |
| 1290 VT Convertible Securities Portfolio EQ Advisors Trust | 2026-06-30 | $227K | $241K | $0 |
| JNL Multi-Manager Alternative Fund JNL Series Trust | 2026-06-30 | $210K | $238K | -$385K |
| Mercer Opportunistic Fixed Income Fund Mercer Funds | 2026-06-30 | $200K | $226K | -$575K |
| PACE Alternative Strategies Investments PACE SELECT ADVISORS TRUST | 2026-07-31 | $80K | $94K | -$142K |
| Hartford Multi-Asset Income Fund HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $73K | $86K | -$255K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Harbor Ares Systematic Convertible Securities Fund ($100K), Opportunistic Fixed Income Trust ($25K), Opportunistic Fixed Income Fund ($24K).
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 | 2 | $23.5M | $26.2M | 0.36% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 2 | $18.8M | $20.0M | 0.32% |
| ACVT Advent Convertible Bond ETF | 2026-05-31 | 1 | $320K | $375K | 1.16% |
| HFSI Hartford Strategic Income ETF | 2026-07-31 | 1 | $273K | $323K | 0.03% |
| NFLT Virtus Newfleet Multi-Sector Bond ETF | 2026-07-31 | 1 | $54K | $64K | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.47: safer than 31% of companies (29th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $17.90B |
| Debt barrier (short-term + ½ long-term debt) | $1.40B |
| Equity volatility (1 year) | 75.0% |
| Asset value / asset volatility (solved) | $19.24B / 69.8% |
| 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'' = -0.24 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in U'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 | 66 | $147.7M | 1 | $819K | 1 | $614K | 2 |
| 2026-06-30 | 551 | $10.44B | 31 | $615.9M | 32 | $761.6M | 58 |
| 2026-03-31 | 506 | $6.55B | 30 | $711.4M | 44 | $853.6M | 46 |
| 2025-12-31 | 591 | $14.88B | 36 | $1.12B | 35 | $1.79B | 38 |
| 2025-09-30 | 540 | $13.70B | 40 | $1.12B | 41 | $1.84B | 35 |
| 2025-06-30 | 435 | $8.37B | 33 | $399.1M | 41 | $866.7M | 33 |
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.