Viatris Inc. bonds VTRS
Who owns Viatris 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. VTRS 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 |
|---|---|---|---|---|---|---|---|---|---|
| 91533BAC4 | 2.3% fixed | 2027-06-22 | USD | 97.77 | 4.88% | 88 bp | 1 | $666 | Jul 2026 |
| 92556VAC0 | 2.3% fixed | 2027-06-22 | USD | 97.74 | 4.92% | 91 bp | 8 | $8.1M | Jul 2026 |
| 628530BK2 | 4.55% fixed | 2028-04-15 | USD | 99.23 | 5.02% | 85 bp | 11 | $8.1M | Jul 2026 |
| 92556VAD8 | 2.7% fixed | 2030-06-22 | USD | 90.91 | 5.32% | 102 bp | 23 | $86.7M | Jul 2026 |
| BK1183734 | 1.91% fixed | 2032-06-23 | EUR | 88.45 | 4.16% | — | 6 | $11.4M | Jul 2026 |
| DL7547458 | 4.25% fixed | 2033-06-17 | EUR | 99.76 | 4.29% | — | 4 | $1.2M | Jul 2026 |
| 92556VAE6 | 3.85% fixed | 2040-06-22 | USD | 76.49 | 6.44% | 164 bp | 23 | $39.1M | Jul 2026 |
| 628530BC0 | 5.4% fixed | 2043-11-29 | USD | 84.96 | 6.90% | 193 bp | 14 | $44.3M | Jul 2026 |
| 62854AAP9 | 5.25% fixed | 2046-06-15 | USD | 81.33 | 7.00% | 190 bp | 15 | $42.8M | Jul 2026 |
| 628530BJ5 | 5.2% fixed | 2048-04-15 | USD | 80.05 | 7.00% | 189 bp | 11 | $7.9M | Jul 2026 |
| 92556VAF3 | 4% fixed | 2050-06-22 | USD | 66.36 | 6.89% | 178 bp | 21 | $53.3M | 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 | 11 | $302.8M | 88.45 | 6.89% | 178 bp | 23 |
| Jun 2026 | 11 | $627.4M | 89.68 | 6.54% | 167 bp | 57 |
| May 2026 | 9 | $439.8M | 87.84 | 6.39% | 157 bp | 31 |
| Apr 2026 | 11 | $338.4M | 87.95 | 6.36% | 181 bp | 26 |
| Mar 2026 | 11 | $704.1M | 87.28 | 6.46% | 197 bp | 53 |
| Feb 2026 | 9 | $405.5M | 88.04 | 6.32% | 181 bp | 33 |
| Jan 2026 | 11 | $411.8M | 89.51 | 6.31% | 184 bp | 24 |
| Dec 2025 | 11 | $786.1M | 87.74 | 6.32% | 191 bp | 59 |
| Nov 2025 | 9 | $398.8M | 86.27 | 6.54% | 204 bp | 35 |
| Oct 2025 | 11 | $367.5M | 89.01 | 6.39% | 207 bp | 24 |
| Sep 2025 | 11 | $812.8M | 87.42 | 6.36% | 190 bp | 54 |
| Aug 2025 | 9 | $419.7M | 84.60 | 6.71% | 201 bp | 38 |
| Jul 2025 | 11 | $341.7M | 85.99 | 6.70% | 198 bp | 24 |
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. 53 added, 74 cut, 39 new holders and 26 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $130.2M | $99.6M | -$9.0M |
| Baird Ultra Short Bond Fund Baird Funds Inc | 2026-06-30 | $66.8M | $65.2M | -$3.9M |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $80.2M | $63.0M | -$22.8M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $75.6M | $62.8M | -$8.0M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $64.3M | $51.4M | -$14.0M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $50.5M | $48.4M | $0 |
| AST Multi-Sector Fixed Income Portfolio Advanced Series Trust | 2026-06-30 | $55.8M | $46.2M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $51.0M | $40.1M | -$6.2M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $40.0M | $36.5M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $38.3M | $32.0M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $36.5M | $29.1M | $800K |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $27.7M | $27.7M | $7.8M |
| T. Rowe Price Ultra Short-Term Bond Fund T. ROWE PRICE SHORT-TERM BOND FUND, INC. | 2026-05-31 | $25.6M | $25.3M | $7.9M |
| PGIM Short Duration Multi-Sector Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $28.9M | $24.9M | -$169K |
| PGIM Short-Term Corporate Bond Fund Prudential Short-Term Corporate Bond Fund, Inc. | 2026-06-30 | $26.5M | $24.1M | -$13.2M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $27.9M | $23.2M | $0 |
| Fidelity Series Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $23.0M | $23.0M | $0 |
| AST PGIM Fixed Income Central Portfolio Advanced Series Trust | 2026-06-30 | $27.8M | $22.7M | $0 |
| Franklin Managed Income Fund Franklin Investors Securities Trust | 2026-07-31 | $20.0M | $18.2M | $0 |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $17.8M | $17.7M | $0 |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $20.0M | $16.5M | $0 |
| T. Rowe Price Short-Term Bond Fund, Inc. T. ROWE PRICE SHORT-TERM BOND FUND, INC. | 2026-05-31 | $16.6M | $16.3M | $4.7M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $17.0M | $16.1M | $0 |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $19.1M | $16.1M | $0 |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $20.9M | $15.1M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares iBonds Dec 2026 Term Corporate ETF ($17.3M), Dimensional Ultrashort Fixed Income ETF ($12.2M), DFA Short-Term Extended Quality Portfolio ($8.3M), DFA Short-Duration Real Return Portfolio ($6.3M), DFA Commodity Strategy Portfolio ($5.3M), State Street(R) Ultra Short Term Bond ETF ($5.2M), Victory Short-Term Bond Fund ($4.6M), AB Income Fund ($3.6M), VictoryShares Short-Term Bond ETF ($3.0M), iShares iBonds 2026 Term High Yield and Income ETF ($2.8M).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 7 | $75.6M | $62.8M | 0.02% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $50.5M | $48.4M | 0.10% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 8 | $38.3M | $32.0M | 0.02% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $36.5M | $29.1M | 0.10% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $27.7M | $27.7M | 0.73% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $17.0M | $16.1M | 0.07% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $20.9M | $15.1M | 0.16% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 3 | $18.5M | $14.8M | 0.44% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $14.0M | $13.2M | 0.02% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 8 | $12.7M | $10.6M | 0.06% |
| TBUX T. Rowe Price Ultra Short-Term Bond ETF | 2026-05-31 | 2 | $9.6M | $9.5M | 0.83% |
| LDUR PIMCO Enhanced Low Duration Active Exchange-Traded Fund | 2026-06-30 | 1 | $9.2M | $9.0M | 0.66% |
| BSCU Invesco BulletShares 2030 Corporate Bond ETF | 2026-05-31 | 1 | $9.8M | $9.0M | 0.35% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $7.6M | $7.4M | 0.16% |
| IBDV iShares iBonds Dec 2030 Term Corporate ETF | 2026-07-31 | 1 | $7.3M | $6.6M | 0.20% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.59: safer than 54% of companies (51th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $20.93B |
| Debt barrier (short-term + ½ long-term debt) | $7.55B |
| Equity volatility (1 year) | 32.1% |
| Asset value / asset volatility (solved) | $28.16B / 23.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 178 bp spread prices in about 3.0% 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 = 1.13 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in VTRS'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 | 130 | $385.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,011 | $15.24B | 16 | $80.7M | 22 | $140.5M | 0 |
| 2026-03-31 | 1,000 | $9.91B | 14 | $26.1M | 17 | $149.7M | 0 |
| 2025-12-31 | 983 | $10.79B | 12 | $32.8M | 15 | $110.7M | 1 |
| 2025-09-30 | 943 | $8.64B | 13 | $28.6M | 16 | $81.1M | 1 |
| 2025-06-30 | 957 | $7.98B | 14 | $28.3M | 17 | $71.1M | 1 |
Officials trading VTRS bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2025-04-22 | John Fetterman | sale | Viatris Inc | $1,001 - $15,000 | filing |
| 2025-04-22 | John Karl Fetterman | sale | Viatris Inc | $1,001 - $15,000 | filing |
| 2025-04-22 | John Fetterman | sale full | Viatris Inc Ser B Note Rate/Coupon: 3.85% Matures: 06/22/2040 | $1,001 - $15,000 | filing |
| 2023-11-30 | John Fetterman | purchase | Viatris Inc Ser B Note Rate/Coupon: 3.850% Matures: 6/22/2040 | $1,001 - $15,000 | filing |
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.