Under Armour, Inc. bonds UAA
Who owns Under Armour, 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. UAA 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 |
|---|---|---|---|---|---|---|---|---|---|
| 904311AD9 | 7.25% fixed | 2030-07-15 | USD | 101.91 | 6.69% | 240 bp | 23 | $31.7M | 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 | $31.7M | 101.92 | 6.69% | 240 bp | 23 |
| Jun 2026 | 1 | $34.1M | 100.93 | 6.98% | 280 bp | 30 |
| May 2026 | 2 | $56.6M | 100.87 | 6.81% | 270 bp | 20 |
| Apr 2026 | 2 | $119.5M | 100.86 | 6.71% | 282 bp | 28 |
| Mar 2026 | 2 | $102.3M | 100.46 | 6.94% | 313 bp | 35 |
| Feb 2026 | 2 | $54.6M | 101.54 | 6.33% | 270 bp | 21 |
| Jan 2026 | 2 | $127.7M | 100.85 | 6.67% | 293 bp | 31 |
| Dec 2025 | 2 | $110.8M | 99.94 | 7.18% | 352 bp | 42 |
| Nov 2025 | 2 | $52.8M | 99.52 | 7.34% | 369 bp | 24 |
| Oct 2025 | 2 | $125.4M | 98.93 | 7.56% | 393 bp | 33 |
| Sep 2025 | 2 | $95.0M | 99.51 | 7.22% | 357 bp | 40 |
| Aug 2025 | 2 | $48.2M | 99.35 | 7.26% | 348 bp | 25 |
| Jul 2025 | 2 | $125.4M | 100.25 | 6.73% | 279 bp | 47 |
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, 14 cut, 2 new holders and 27 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $17.0M | $17.0M | $520K |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $12.3M | $12.5M | $4.6M |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $9.0M | $9.1M | -$17.5M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $7.0M | $7.1M | $140K |
| First Trust Smith Unconstrained Bond ETF First Trust Exchange-Traded Fund VIII | 2026-05-31 | $6.7M | $6.9M | $0 |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $6.0M | $6.1M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.1M | $4.1M | $2.7M |
| SIIT HIGH YIELD BOND FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $3.8M | $3.9M | -$440K |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $3.7M | $3.8M | -$4.4M |
| Touchstone Funds Group Trust-Touchstone Ares Credit Opportunities Fund Touchstone Funds Group Trust | 2026-06-30 | $3.7M | $3.7M | $0 |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $3.4M | $3.5M | -$762K |
| T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. | 2026-05-31 | $3.3M | $3.3M | $1.3M |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $3.1M | $3.2M | $527K |
| abrdn Income Credit Strategies Fund | 2026-07-31 | $3.0M | $3.1M | $0 |
| Goldman Sachs Multi-Manager Non-Core Fixed Income Fund Goldman Sachs Trust II | 2026-07-31 | $2.6M | $2.7M | $110K |
| Brigade High Income Fund ALPS SERIES TRUST | 2026-06-30 | $2.6M | $2.6M | $0 |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.6M | $2.6M | -$3.4M |
| High Yield Bond Fund VALIC Co I | 2026-05-31 | $2.0M | $2.0M | $0 |
| SEI High Yield Bond & Alternative Credit ETF SEI EXCHANGE TRADED FUNDS | 2026-06-30 | $1.7M | $1.7M | first report |
| North Star Bond Fund NORTHERN LIGHTS FUND TRUST II | 2026-05-31 | $1.5M | $1.5M | $0 |
| First Trust Tactical High Yield ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $1.4M | $1.4M | $0 |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $1.2M | $1.2M | -$42K |
| Virtus Seix High Yield Fund Virtus Asset Trust | 2026-06-30 | $1.1M | $1.1M | $0 |
| Payden Corporate Bond Fund PAYDEN & RYGEL INVESTMENT GROUP | 2026-07-31 | $1.0M | $1.0M | $0 |
| AVIP High Income Bond Portfolio AuguStar Variable Insurance Products Fund Inc | 2026-06-30 | $1.0M | $1.0M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): VANGUARD HIGH-YIELD CORPORATE FUND ($42.0M), RIVERPARK SHORT TERM HIGH YIELD FUND ($33.7M), iShares iBonds 2026 Term High Yield and Income ETF ($17.1M), Core Fixed Income Fund ($14.8M), DFA Global Core Plus Fixed Income Portfolio ($6.2M), NORTHEAST INVESTORS TRUST ($5.0M), Lord Abbett High Yield Fund ($3.3M), THE HARTFORD BALANCED INCOME FUND ($3.1M), Virtus Newfleet Short Duration High Income Fund ($2.7M), Thornburg Ultra Short Income Fund ($1.8M).
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 |
|---|---|---|---|---|---|
| BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $17.0M | $17.0M | 1.65% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $7.0M | $7.1M | 0.02% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 1 | $6.7M | $6.9M | 0.21% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $4.1M | $4.1M | 0.04% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $3.7M | $3.8M | 0.05% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $3.4M | $3.5M | 0.21% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $2.6M | $2.6M | 0.05% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 1 | $1.4M | $1.4M | 0.09% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $1.2M | $1.2M | 0.04% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $863K | $877K | 0.03% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $815K | $823K | 0.05% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $749K | $759K | 0.03% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $535K | $545K | 0.05% |
| SYSB iShares Systematic Bond ETF | 2026-07-31 | 1 | $441K | $449K | 0.04% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $400K | $408K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.28: safer than 41% of companies (39th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $1.99B |
| Debt barrier (short-term + ½ long-term debt) | $295.6M |
| Equity volatility (1 year) | 52.8% |
| Asset value / asset volatility (solved) | $2.28B / 46.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 240 bp spread prices in about 4.0% 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 = 1.93 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in UAA'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 | 41 | $6.6M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 431 | $2.45B | 19 | $183.7M | 19 | $66.9M | 0 |
| 2026-03-31 | 419 | $1.97B | 22 | $184.8M | 22 | $67.7M | 0 |
| 2025-12-31 | 415 | $1.70B | 21 | $166.0M | 20 | $46.0M | 0 |
| 2025-09-30 | 419 | $1.56B | 22 | $147.4M | 18 | $40.4M | 1 |
| 2025-06-30 | 436 | $2.29B | 21 | $198.4M | 20 | $34.9M | 1 |
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.