Viasat, Inc. bonds VSAT
Who owns Viasat, 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. VSAT 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 |
|---|---|---|---|---|---|---|---|---|---|
| 92552VAL4 | 5.625% fixed | 2027-04-15 | USD | 99.87 | 5.81% | 188 bp | 11 | $129.3M | Jul 2026 |
| 92552VAN0 | 6.5% fixed | 2028-07-15 | USD | 99.26 | 6.91% | 270 bp | 23 | $59.9M | Jul 2026 |
| BL3856764 | 0% fixed | 2029-03-05 | USD | — | — | — | 1 | $524K | Jun 2026 |
| 92552VAR1 | 7.5% fixed | 2031-05-30 | USD | 100.05 | 7.48% | 316 bp | 38 | $111.7M | 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 | 3 | $300.9M | 99.87 | 7.20% | 293 bp | 38 |
| Jun 2026 | 4 | $429.6M | 100.07 | 6.92% | 276 bp | 52 |
| May 2026 | 3 | $79.7M | 99.92 | 6.90% | 282 bp | 27 |
| Apr 2026 | 3 | $310.4M | 99.82 | 7.04% | 317 bp | 30 |
| Mar 2026 | 4 | $387.7M | 98.91 | 7.05% | 334 bp | 43 |
| Feb 2026 | 3 | $78.3M | 98.71 | 7.12% | 363 bp | 26 |
| Jan 2026 | 3 | $296.6M | 98.76 | 7.06% | 349 bp | 34 |
| Dec 2025 | 4 | $377.7M | 97.30 | 7.69% | 416 bp | 47 |
| Nov 2025 | 3 | $79.3M | 97.61 | 7.52% | 396 bp | 26 |
| Oct 2025 | 3 | $288.5M | 97.10 | 7.70% | 417 bp | 31 |
| Sep 2025 | 4 | $386.7M | 97.78 | 7.39% | 383 bp | 44 |
| Aug 2025 | 3 | $83.9M | 97.28 | 7.57% | 389 bp | 38 |
| Jul 2025 | 3 | $284.6M | 94.36 | 8.70% | 486 bp | 34 |
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. 34 added, 37 cut, 24 new holders and 17 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $244.9M | $245.7M | $19.8M |
| Income Fund of America | 2026-07-31 | $171.4M | $171.2M | -$17.5M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $24.9M | $24.9M | $14.7M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $20.9M | $20.8M | -$4.6M |
| Capital Income Builder | 2026-07-31 | $16.0M | $16.0M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $15.4M | $15.4M | -$6.9M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $15.3M | $15.3M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $14.9M | $14.9M | $5.9M |
| Allspring Short-Term High Income Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $13.7M | $13.7M | $2.8M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $13.7M | $13.7M | -$2.3M |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $13.3M | $13.5M | $3.0M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.3M | $11.3M | $1.4M |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $9.8M | $9.9M | $0 |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $9.8M | $9.8M | -$6.4M |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $9.4M | $9.5M | -$894K |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $8.9M | $8.9M | -$96K |
| American High Income Trust AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $8.1M | $8.1M | $615K |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.0M | $8.0M | $1.1M |
| Bond Fund of America | 2026-06-30 | $8.0M | $8.0M | $0 |
| Principal Active High Yield ETF Principal Exchange-Traded Funds | 2026-06-30 | $7.9M | $7.9M | $1.4M |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $7.5M | $7.4M | $0 |
| Franklin High Yield Corporate ETF Franklin Templeton ETF Trust | 2026-06-30 | $6.4M | $6.4M | $1.6M |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $6.3M | $6.4M | -$484K |
| JNL/PPM America High Yield Bond Fund JNL Series Trust | 2026-06-30 | $5.7M | $5.8M | $908K |
| iShares iBonds 2027 Term High Yield and Income ETF iShares Trust | 2026-07-31 | $5.1M | $5.1M | $1.8M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Xtrackers USD High Yield BB-B ex Financials ETF ($1.6M), THRIVENT CORE HIGH YIELD BOND FUND ($963K), iShares ESG Advanced High Yield Corporate Bond ETF ($656K), Invesco High Yield Systematic Bond ETF ($620K), Nuveen High Yield Corporate Bond ETF ($613K), Symmetry Panoramic US Systematic Fixed Income Fund ($375K), iShares BB Rated Corporate Bond ETF ($309K), Invesco Multi-Asset Income Fund ($300K), BondBloxx BB Rated USD High Yield Corporate Bond ETF ($295K), BlackRock Global Allocation Fund, Inc. ($256K).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $20.9M | $20.8M | 0.07% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $15.4M | $15.4M | 0.10% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 3 | $14.9M | $14.9M | 0.20% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $13.7M | $13.7M | 0.12% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $11.3M | $11.3M | 0.23% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $9.4M | $9.5M | 0.59% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $8.0M | $8.0M | 0.11% |
| YLD Principal Active High Yield ETF | 2026-06-30 | 2 | $7.9M | $7.9M | 1.38% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 1 | $6.4M | $6.4M | 0.54% |
| IBHG iShares iBonds 2027 Term High Yield and Income ETF | 2026-07-31 | 1 | $5.1M | $5.1M | 1.01% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 2 | $4.3M | $4.3M | 0.08% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $3.6M | $3.6M | 0.10% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $3.3M | $3.3M | 0.06% |
| XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $2.9M | $2.9M | 1.09% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $2.5M | $2.5M | 0.10% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 1.92: safer than 13% of companies (13th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $8.29B |
| Debt barrier (short-term + ½ long-term debt) | $3.55B |
| Equity volatility (1 year) | 78.4% |
| Asset value / asset volatility (solved) | $11.67B / 56.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 293 bp spread prices in about 4.9% 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
Altman Z = 0.95 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in VSAT'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 | 53 | $81.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 474 | $12.24B | 19 | $564.8M | 21 | $794.7M | 0 |
| 2026-03-31 | 378 | $4.74B | 13 | $34.7M | 17 | $212.9M | 0 |
| 2025-12-31 | 330 | $4.13B | 19 | $117.4M | 20 | $151.9M | 1 |
| 2025-09-30 | 286 | $3.76B | 19 | $149.5M | 19 | $151.6M | 1 |
| 2025-06-30 | 249 | $1.95B | 14 | $42.3M | 20 | $51.3M | 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.