Western Digital Corporation bonds WDC
Who owns Western Digital Corporation'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. WDC 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 |
|---|---|---|---|---|---|---|---|---|---|
| 958102AT2 convertible | 3% fixed | 2028-11-15 | USD | — | — | — | 23 | $1.13B | 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 | $1.13B | — | — | — | 23 |
| Jun 2026 | 1 | $500.8M | — | — | — | 24 |
| May 2026 | 1 | $360.3M | — | — | — | 9 |
| Apr 2026 | 1 | $1.25B | — | — | — | 26 |
| Mar 2026 | 1 | $370.3M | — | — | — | 28 |
| Feb 2026 | 2 | $185.2M | 100.00 | 3.10% | -68 bp | 8 |
| Jan 2026 | 4 | $813.4M | 95.42 | 4.55% | 81 bp | 27 |
| Dec 2025 | 4 | $506.2M | 95.73 | 4.46% | 78 bp | 46 |
| Nov 2025 | 4 | $190.9M | 95.05 | 4.61% | 94 bp | 20 |
| Oct 2025 | 4 | $567.3M | 97.40 | 4.67% | 102 bp | 26 |
| Sep 2025 | 4 | $370.4M | 97.03 | 4.83% | 114 bp | 48 |
| Aug 2025 | 4 | $146.4M | 96.93 | 4.93% | 112 bp | 22 |
| Jul 2025 | 4 | $335.0M | 96.35 | 5.11% | 112 bp | 25 |
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. 6 added, 39 cut, 2 new holders and 9 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $40.0M | $577.4M | $0 |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $20.3M | $343.5M | -$640K |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $14.7M | $212.8M | -$12.8M |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $10.8M | $151.5M | $370K |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $7.0M | $98.3M | $500K |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $3.9M | $56.3M | -$3.0M |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $4.0M | $55.7M | -$415K |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $2.8M | $46.4M | -$3.0M |
| Fidelity SAI Convertible Arbitrage Fund Fidelity Greenwood Street Trust | 2026-07-31 | $3.2M | $46.1M | new |
| Virtus Convertible Fund Virtus Strategy Trust | 2026-06-30 | $2.6M | $43.4M | -$4.7M |
| CALAMOS STRATEGIC TOTAL RETURN FUND | 2026-07-31 | $2.2M | $31.8M | $0 |
| CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND | 2026-07-31 | $2.1M | $30.5M | -$2.1M |
| Calamos Convertible Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $2.1M | $30.5M | -$2.1M |
| CALAMOS CONVERTIBLE & HIGH INCOME FUND | 2026-07-31 | $2.1M | $30.4M | -$2.4M |
| Lord Abbett Convertible Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $2.1M | $30.0M | $1.2M |
| Calamos Growth & Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $1.7M | $24.3M | $0 |
| Calamos Dynamic Convertible & Income Fund | 2026-07-31 | $1.6M | $23.6M | -$1.9M |
| Invesco Convertible Securities Fund AIM Growth Series (Invesco Growth Series) | 2026-06-30 | $1.3M | $21.9M | -$200K |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $1.0M | $16.8M | -$6.6M |
| Franklin Alternative Strategies Fund Franklin Alternative Strategies Funds | 2026-05-29 | $1.2M | $16.8M | -$7K |
| Putnam Convertible Securities Fund | 2026-07-31 | $940K | $13.5M | -$825K |
| Virtus Artificial Intelligence & Technology Opportunities Fund | 2026-07-31 | $835K | $12.0M | -$1.0M |
| Virtus Convertible & Income Fund | 2026-07-31 | $595K | $8.6M | -$1.3M |
| Nuveen Flexible Income Fund Nuveen Investment Trust V | 2026-05-31 | $500K | $7.0M | -$550K |
| Asset Allocation Fund AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $416K | $7.0M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): JNL Multi-Manager Alternative Fund ($3.5M), JPMorgan Global Active Allocation Portfolio ($1.8M), VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND ($1.4M), PACE Alternative Strategies Investments ($1.3M), American Beacon SSI Alternative Income Fund ($942K), First Trust SSI Strategic Convertible Securities ETF ($455K), Strategic Alternatives Fund ($336K), BNY Mellon Core Plus Fund ($65K), 1290 Loomis Sayles Multi-Asset Income Fund ($25K).
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 |
|---|---|---|---|---|---|
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $20.3M | $343.5M | 5.54% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $14.7M | $212.8M | 2.96% |
| CGHY Capital Group High Yield Bond ETF | 2026-06-30 | 1 | $18K | $303K | 0.27% |
| NFLT Virtus Newfleet Multi-Sector Bond ETF | 2026-07-31 | 1 | $21K | $302K | 0.07% |
| OBND State Street(R) Loomis Sayles Opportunistic Bond ETF | 2026-06-30 | 1 | $3K | $51K | 0.09% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.73: safer than 56% of companies (55th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-07-03.
| Equity value | $131.60B |
| Debt barrier (short-term + ½ long-term debt) | $1.05B |
| Equity volatility (1 year) | 80.3% |
| Asset value / asset volatility (solved) | $132.61B / 79.6% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z = 20.22 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in WDC'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 | 247 | $914.2M | 2 | $3.3M | 3 | $13.0M | 2 |
| 2026-06-30 | 1,833 | $202.71B | 55 | $22.44B | 65 | $8.77B | 51 |
| 2026-03-31 | 1,400 | $74.02B | 50 | $6.77B | 47 | $3.28B | 49 |
| 2025-12-31 | 1,160 | $58.84B | 45 | $4.84B | 48 | $2.86B | 52 |
| 2025-09-30 | 949 | $40.95B | 48 | $2.73B | 45 | $2.19B | 56 |
| 2025-06-30 | 740 | $23.09B | 45 | $867.4M | 42 | $910.7M | 63 |
Officials trading WDC bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2023-05-10 | John Fetterman | purchase | Western Digital Corp Bond Rate/Coupon: 1.5% Matures: 2/1/2024 | $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.