UniCredit S.p.A. bonds UCG.MI
Who owns UniCredit S.p.A.'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. UCG.MI 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 |
|---|---|---|---|---|---|---|---|---|---|
| T9T20LMD7 | 0.375% fixed | 2026-10-31 | EUR | 98.97 | 2.46% | — | 1 | $465K | Apr 2026 |
| XS2579191532 | 4.1% fixed | 2027-02-23 | EUR | 100.38 | 3.38% | — | 1 | $346K | Jul 2026 |
| 904678AB5 | 4.625% fixed | 2027-04-12 | USD | 100.12 | 4.45% | 52 bp | 2 | $13.1M | Jul 2026 |
| BYP4JCII5 | 4.63% fixed | 2027-04-12 | USD | 100.20 | 4.36% | 52 bp | 2 | $3.6M | Jun 2026 |
| 904678AW9 | 1.982% fixed | 2027-06-03 | USD | 100.00 | 1.99% | -180 bp | 19 | $82.8M | May 2026 |
| BG0391683 | 3.88% variable | 2027-06-03 | EUR | 99.59 | — | — | 1 | $287K | Jul 2026 |
| ACI1P53L5 | 2.2% variable | 2027-07-22 | EUR | 99.98 | — | — | 1 | $560K | Jun 2026 |
| BQ3337970 | 4.45% fixed | 2027-12-03 | EUR | 100.25 | 4.24% | — | 1 | $11.6M | Jul 2026 |
| T9T20L4V7 | 0.925% variable | 2028-01-18 | EUR | 98.83 | — | — | 1 | $692K | May 2026 |
| IT0005598971 | 3.875% variable | 2028-06-11 | EUR | 100.88 | — | — | 1 | $3.5M | May 2026 |
| T9520LEK6 | 4.8% variable | 2029-01-17 | EUR | 102.63 | — | — | 4 | $616K | Jun 2026 |
| T9520LFG4 | 4.45% variable | 2029-02-16 | EUR | 101.56 | — | — | 4 | $23.3M | Jul 2026 |
| T9T20L2Z0 | 0.8% fixed | 2029-07-05 | EUR | 95.63 | 2.32% | — | 1 | $547K | Jun 2026 |
| IT0005631822 | 3.3% fixed | 2029-07-16 | EUR | 100.21 | 3.23% | — | 1 | $516K | Jun 2026 |
| IT0005716805 | 3% fixed | 2029-07-31 | EUR | 99.34 | 3.23% | — | 1 | $1.5M | Jul 2026 |
| IT0005570988 | 4.6% fixed | 2030-02-14 | EUR | 102.88 | 3.71% | — | 3 | $35.8M | Jul 2026 |
| T9T20MPH3 | 2.88% fixed | 2030-07-15 | EUR | 98.29 | 3.35% | — | 1 | $340K | Jul 2026 |
| T9520LKF0 | 3.5% fixed | 2030-07-31 | EUR | 100.72 | 3.31% | — | 3 | $41.9M | Jul 2026 |
| BN4840375 | 0.85% fixed | 2031-01-19 | EUR | 88.99 | 3.56% | — | 6 | $25.8M | Jul 2026 |
| IT0005580656 | 4.3% variable | 2031-01-23 | EUR | 102.16 | — | — | 4 | $29.7M | Jul 2026 |
| YN0894199 | 3.1% fixed | 2031-06-10 | EUR | 98.39 | 3.46% | — | 3 | $859K | Jul 2026 |
| YK1425163 | 3.2% fixed | 2031-09-22 | EUR | 97.98 | 3.64% | — | 1 | $339K | Jul 2026 |
| IT0005611758 | 6.5% fixed | 2031-12-03 | EUR | 106.50 | 5.07% | — | 3 | $2.3M | Jul 2026 |
| ZP3539613 | 2.731% variable | 2032-01-15 | EUR | 99.49 | — | — | 1 | $467K | Apr 2026 |
| T9T20L4U9 | 1.63% fixed | 2032-01-18 | EUR | 90.35 | 3.60% | — | 2 | $8.8M | Jul 2026 |
| DI1734505 | 3.776% fixed | 2032-04-16 | EUR | 99.76 | 3.82% | — | 2 | $10.9M | Jul 2026 |
| 904678AY5 | 3.127% fixed | 2032-06-03 | USD | 91.38 | 4.84% | 45 bp | 4 | $6.9M | Jul 2026 |
| AN9410704 | 5.861% variable | 2032-06-19 | USD | 100.55 | — | — | 1 | $603K | Jun 2026 |
| 904678AF6 | 5.861% fixed | 2032-06-19 | USD | 100.40 | 5.78% | 139 bp | 9 | $15.1M | Jul 2026 |
| IT0005671588 | 5.305% variable | 2032-07-31 | GBP | 100.12 | — | — | 1 | $8.2M | Jun 2026 |
| T9520L3Y8 | 5.625% fixed | 2032-12-03 | EUR | 100.50 | 5.52% | — | 1 | $1.6M | Jul 2026 |
| T9520LX41 | 3.8% fixed | 2033-01-16 | EUR | 99.49 | 3.89% | — | 1 | $631K | Jul 2026 |
| IT0005716797 | 3.38% fixed | 2033-07-31 | EUR | 99.09 | 3.53% | — | 1 | $571K | Jul 2026 |
| ZD3397811 | 4% fixed | 2034-03-05 | EUR | 100.42 | 3.93% | — | 7 | $59.3M | Jul 2026 |
| 904678AQ2 | 7.296% fixed | 2034-04-02 | USD | 104.46 | 6.55% | 205 bp | 10 | $9.4M | Jul 2026 |
| T9520LSN5 | 5.375% fixed | 2034-04-16 | EUR | 103.35 | 4.84% | — | 5 | $22.1M | Jul 2026 |
| YX5285268 | 4.2% fixed | 2034-06-11 | EUR | 100.41 | 4.14% | — | 5 | $32.4M | Jul 2026 |
| YN0894223 | 3.725% fixed | 2035-06-10 | EUR | 98.32 | 3.95% | — | 1 | $452K | Jul 2026 |
| 904678AS8 | 5.459% fixed | 2035-06-30 | USD | 99.80 | 5.49% | 94 bp | 7 | $6.1M | Jul 2026 |
| IT0005689978 | 3.8% fixed | 2036-01-15 | EUR | 98.28 | 4.02% | — | 1 | $255K | Jul 2026 |
| IT0005710055 | 4.231% variable | 2036-05-19 | EUR | 99.79 | — | — | 4 | $25.4M | Jul 2026 |
| T9T20MBS4 | 4.175% variable | 2037-06-24 | EUR | 99.44 | — | — | 2 | $11.5M | Jul 2026 |
| AX6444902 | 7.5% variable | 2170-06-03 | EUR | 100.43 | — | — | 2 | $29.5M | Apr 2026 |
| DC9376302 | 5.8% fixed | — | EUR | 99.21 | — | — | 1 | $14.9M | 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 | 31 | $413.3M | 99.79 | 5.63% | 116 bp | 10 |
| Jun 2026 | 29 | $1.29B | 100.55 | 5.57% | 122 bp | 41 |
| May 2026 | 21 | $245.2M | 100.43 | 5.40% | 97 bp | 19 |
| Apr 2026 | 31 | $473.2M | 99.99 | 5.44% | 117 bp | 9 |
| Mar 2026 | 31 | $1.35B | 99.90 | 4.67% | 82 bp | 43 |
| Feb 2026 | 22 | $236.0M | 100.92 | 4.30% | 54 bp | 20 |
| Jan 2026 | 28 | $372.4M | 101.61 | 4.81% | 77 bp | 11 |
| Dec 2025 | 33 | $1.37B | 101.15 | 4.80% | 82 bp | 43 |
| Nov 2025 | 21 | $209.7M | 101.66 | 4.37% | 63 bp | 19 |
| Oct 2025 | 27 | $382.4M | 102.14 | 4.89% | 103 bp | 10 |
| Sep 2025 | 32 | $1.40B | 101.40 | 4.93% | 100 bp | 40 |
| Aug 2025 | 20 | $328.5M | 100.36 | 4.53% | 68 bp | 20 |
| Jul 2025 | 28 | $435.7M | 100.67 | 4.76% | 82 bp | 14 |
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. 16 added, 29 cut, 16 new holders and 61 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Dodge & Cox Income Fund Dodge & Cox Funds | 2026-06-30 | $655.3M | $676.1M | $20.3M |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $135.9M | $156.9M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $106.4M | $122.3M | $0 |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $77.4M | $78.6M | $9.4M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $70.7M | $67.9M | $0 |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $42.8M | $50.5M | new |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $45.2M | $47.6M | $0 |
| Dodge & Cox Balanced Fund Dodge & Cox Funds | 2026-06-30 | $37.3M | $38.9M | $0 |
| Victory Pioneer Strategic Income Fund Victory Portfolios IV | 2026-06-30 | $33.3M | $33.9M | $0 |
| Dodge & Cox Global Bond Fund Dodge & Cox Funds | 2026-06-30 | $32.2M | $32.4M | $0 |
| JPMorgan Global Bond Opportunities Fund JPMorgan Trust I | 2026-05-31 | $28.9M | $32.3M | $10.0M |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $33.7M | $31.0M | -$37.1M |
| Loomis Sayles Income Fund LOOMIS SAYLES FUNDS I | 2026-06-30 | $22.4M | $22.5M | $0 |
| JPMorgan International Bond Opportunities ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $18.6M | $21.9M | $2.4M |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $22.1M | $21.0M | $0 |
| T. Rowe Price International Bond Fund (USD Hedged) T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $16.6M | $19.0M | new |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $18.2M | $18.6M | $580K |
| Goldman Sachs Ultra Short Bond ETF Goldman Sachs ETF Trust | 2026-05-31 | $16.6M | $16.6M | $0 |
| Capital World Bond Fund | 2026-06-30 | $16.1M | $16.1M | $0 |
| Nuveen Core Plus Impact Fund | 2026-06-30 | $15.0M | $15.1M | $0 |
| Loomis Sayles Strategic Income Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $14.8M | $14.9M | $0 |
| Nuveen Preferred & Income Opportunities Fund | 2026-07-31 | $13.0M | $14.9M | $0 |
| Goldman Sachs Short-Term Conservative Income Fund GOLDMAN SACHS TRUST | 2026-06-30 | $13.5M | $13.5M | -$23.2M |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $13.0M | $13.1M | new |
| Putnam Ultra Short Duration Income Fund Putnam Funds Trust | 2026-07-31 | $12.5M | $12.5M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Loomis Sayles Core Plus Bond Fund ($16.1M), Cohen & Steers Preferred Securities & Income Fund, Inc. ($15.2M), PIMCO High Yield Fund ($14.2M), THE HARTFORD BALANCED INCOME FUND ($12.1M), MFS Corporate Bond Fund ($10.1M), Invesco Global Strategic Income Fund ($10.0M), PGIM Global Total Return Fund ($8.5M), PIMCO StocksPLUS Fund ($7.5M), JPMorgan Core Plus Bond Fund ($5.0M), BNY Mellon Global Real Return Fund ($4.4M).
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 |
|---|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 10 | $106.4M | $122.3M | 0.10% |
| JPIB JPMorgan International Bond Opportunities ETF | 2026-05-31 | 10 | $18.6M | $21.9M | 1.09% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $18.2M | $18.6M | 0.08% |
| GSST Goldman Sachs Ultra Short Bond ETF | 2026-05-31 | 2 | $16.6M | $16.6M | 1.10% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 17 | $8.1M | $9.3M | 0.08% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 1 | $8.5M | $8.5M | 0.15% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $8.3M | $8.3M | 0.05% |
| YEAR AB Ultra Short Income ETF | 2026-05-31 | 1 | $7.3M | $7.3M | 0.50% |
| IBND State Street(R) SPDR(R) Bloomberg International Corporate Bond ETF | 2026-06-30 | 14 | $5.7M | $6.5M | 1.41% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $5.8M | $5.3M | 0.03% |
| DGCB Dimensional Global Credit ETF | 2026-07-31 | 3 | $3.2M | $3.7M | 0.35% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $3.6M | $3.6M | 0.01% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $3.2M | $3.4M | 0.03% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 1 | $2.6M | $3.0M | 0.09% |
| JFLX JPMorgan Flexible Debt ETF | 2026-05-31 | 4 | $2.5M | $2.8M | 0.21% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 116 bp spread prices in about 1.9% 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
Not available.
Against its own government
Yield minus the government's fitted curve at the same maturity, same currency, bonds with at least $25M held and 3 funds pricing them: EUR 3.5y +52 bp, EUR 4.0y +5 bp, EUR 4.5y +23 bp, EUR 7.6y +21 bp, EUR 7.9y +38 bp (as of Jul 2026).
The stock side: 13F filings
What institutions report holding in UCG.MI'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 | 2 | $1.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 21 | $12.4M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 15 | $6.7M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 20 | $6.4M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 15 | $5.6M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 16 | $5.0M | 0 | — | 0 | — | 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.