Upstart Holdings, Inc. bonds UPST
Who owns Upstart Holdings, 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. UPST 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 |
|---|---|---|---|---|---|---|---|---|---|
| 91680MAB3 convertible | 0.25% fixed | 2026-08-15 | USD | 99.05 | — | — | 2 | $1.5M | Jul 2026 |
| 91680MAD9 convertible | 2% fixed | 2029-10-01 | USD | 102.29 | — | — | 3 | $11.1M | Jul 2026 |
| 91680MAF4 convertible | 1% fixed | 2030-11-15 | USD | 76.06 | — | — | 2 | $17.1M | Jul 2026 |
| 91680MAG2 convertible | 0% none | 2032-02-15 | USD | 70.98 | — | — | 3 | $22.6M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 2 | $44.8M | 85.35 | — | — | 1 |
| Jul 2026 | 4 | $52.3M | 87.55 | — | — | 3 |
| Jun 2026 | 3 | $61.9M | 81.74 | — | — | 7 |
| May 2026 | 3 | $62.3M | 80.75 | — | — | 5 |
| Apr 2026 | 4 | $54.1M | 89.19 | — | — | 4 |
| Mar 2026 | 3 | $45.0M | 71.40 | — | — | 7 |
| Feb 2026 | 3 | $12.1M | 74.52 | — | — | 4 |
| Jan 2026 | 4 | $58.4M | 90.84 | — | — | 4 |
| Dec 2025 | 4 | $48.2M | 91.69 | — | — | 6 |
| Nov 2025 | 2 | $17.2M | 105.61 | — | — | 3 |
| Oct 2025 | 4 | $67.5M | 92.30 | — | — | 9 |
| Sep 2025 | 3 | $67.0M | 93.83 | — | — | 7 |
| Aug 2025 | 2 | $23.0M | 145.87 | — | — | 4 |
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. 8 added, 4 cut, 3 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American Beacon SiM High Yield Opportunities Fund AMERICAN BEACON FUNDS | 2026-05-31 | $59.2M | $49.1M | new |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $34.4M | $27.7M | $7.3M |
| AQR Diversified Arbitrage Fund AQR Funds | 2026-06-30 | $26.1M | $20.9M | $7.2M |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $22.6M | $20.3M | $1.0M |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $15.1M | $10.7M | $0 |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $12.4M | $10.2M | $0 |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $11.8M | $9.0M | $0 |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $10.2M | $8.9M | $0 |
| Lord Abbett Credit Opportunities Fund | 2026-06-30 | $3.5M | $4.0M | new |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $3.9M | $3.4M | -$455K |
| Advent Convertible & Income Fund ADVENT CONVERTIBLE & INCOME FUND | 2026-07-31 | $3.4M | $2.9M | -$1.4M |
| Invesco Convertible Securities Fund AIM Growth Series (Invesco Growth Series) | 2026-06-30 | $2.5M | $2.9M | $0 |
| JNL Multi-Manager Alternative Fund JNL Series Trust | 2026-06-30 | $1.3M | $1.5M | $796K |
| FS Multi-Strategy Alternatives Fund ADVISORS' INNER CIRCLE III | 2026-06-30 | $1.5M | $1.2M | -$2.5M |
| Multi-Asset Strategy Fund RUSSELL INVESTMENT CO | 2026-07-31 | $954K | $945K | $398K |
| Lazard Enhanced Opportunities Portfolio LAZARD FUNDS INC | 2026-06-30 | $586K | $671K | new |
| Multi-Strategy Income Fund RUSSELL INVESTMENT CO | 2026-07-31 | $577K | $571K | $240K |
| PACE Alternative Strategies Investments PACE SELECT ADVISORS TRUST | 2026-07-31 | $501K | $511K | $92K |
| Advent Convertible Bond ETF RBB Fund Trust | 2026-05-31 | $450K | $502K | -$279K |
| Franklin Alternative Strategies Fund Franklin Alternative Strategies Funds | 2026-05-29 | $382K | $426K | $168K |
| 1290 VT Convertible Securities Portfolio EQ Advisors Trust | 2026-06-30 | $284K | $250K | $0 |
| Lazard US Convertibles Portfolio LAZARD FUNDS INC | 2026-06-30 | $60K | $69K | $0 |
| Fidelity Multi-Strategy Credit Fund | 2026-06-30 | $11K | $9K | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $0 | $0 | -$3.8M |
| Defensive Market Strategies Fund GuideStone Funds | 2026-06-30 | $0 | $0 | -$1.9M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Short Duration High Yield Fund ($3.8M), Defensive Market Strategies Fund ($1.9M), Opportunistic Fixed Income Fund ($7K), Opportunistic Fixed Income Trust ($7K).
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.
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
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in UPST'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 | 30 | $3.4M | 0 | — | 0 | — | 2 |
| 2026-06-30 | 359 | $2.06B | 28 | $320.2M | 31 | $434.9M | 51 |
| 2026-03-31 | 322 | $1.23B | 31 | $263.2M | 29 | $329.0M | 50 |
| 2025-12-31 | 384 | $2.77B | 34 | $422.5M | 31 | $517.7M | 47 |
| 2025-09-30 | 404 | $3.19B | 43 | $922.0M | 34 | $888.3M | 16 |
| 2025-06-30 | 413 | $3.95B | 36 | $617.0M | 39 | $731.4M | 25 |
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.