Willis Towers Watson Public Limited Company bonds WTW
Who owns Willis Towers Watson Public Limited Company'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. WTW 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 |
|---|---|---|---|---|---|---|---|---|---|
| 970648AL5 | 4.65% fixed | 2027-06-15 | USD | 100.09 | 4.53% | 54 bp | 9 | $48.5M | Jul 2026 |
| 970648AG6 | 4.5% fixed | 2028-09-15 | USD | 99.48 | 4.76% | 53 bp | 16 | $20.6M | Jul 2026 |
| 970648AJ0 | 2.95% fixed | 2029-09-15 | USD | 94.31 | 4.94% | 67 bp | 16 | $20.1M | Jul 2026 |
| 970648AP6 | 4.55% fixed | 2031-03-15 | USD | 97.27 | 5.22% | 90 bp | 24 | $28.7M | Jul 2026 |
| 970648AM3 | 5.35% fixed | 2033-05-15 | USD | 99.81 | 5.38% | 94 bp | 14 | $23.8M | Jul 2026 |
| 970648AQ4 | 5.15% fixed | 2036-03-15 | USD | 95.89 | 5.71% | 113 bp | 15 | $12.2M | Jul 2026 |
| 89641UAB7 | 6.125% fixed | 2043-08-15 | USD | 95.72 | 6.55% | 159 bp | 1 | $14K | Jul 2026 |
| 970648AH4 | 5.05% fixed | 2048-09-15 | USD | 85.21 | 6.30% | 119 bp | 6 | $1.0M | Jul 2026 |
| 970648AK7 | 3.88% fixed | 2049-09-15 | USD | 70.85 | 6.29% | 118 bp | 5 | $1.1M | Jul 2026 |
| 970648AN1 | 5.9% fixed | 2054-03-05 | USD | 94.83 | 6.30% | 119 bp | 7 | $2.7M | 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 | 10 | $158.7M | 95.80 | 5.71% | 113 bp | 24 |
| Jun 2026 | 10 | $551.5M | 98.54 | 5.41% | 92 bp | 40 |
| May 2026 | 10 | $299.9M | 98.91 | 5.27% | 84 bp | 26 |
| Apr 2026 | 10 | $201.3M | 98.28 | 5.28% | 107 bp | 26 |
| Mar 2026 | 10 | $600.1M | 98.04 | 5.32% | 118 bp | 50 |
| Feb 2026 | 11 | $331.1M | 100.06 | 5.00% | 98 bp | 25 |
| Jan 2026 | 11 | $263.9M | 100.04 | 5.04% | 93 bp | 28 |
| Dec 2025 | 11 | $625.6M | 100.04 | 4.99% | 94 bp | 47 |
| Nov 2025 | 9 | $253.1M | 100.71 | 5.22% | 93 bp | 25 |
| Oct 2025 | 9 | $196.6M | 100.63 | 5.26% | 102 bp | 19 |
| Sep 2025 | 9 | $517.8M | 100.76 | 5.27% | 96 bp | 32 |
| Aug 2025 | 9 | $257.0M | 99.88 | 5.43% | 97 bp | 25 |
| Jul 2025 | 9 | $196.0M | 99.53 | 5.51% | 94 bp | 20 |
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. 44 added, 67 cut, 6 new holders and 35 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $84.0M | $82.2M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $72.7M | $71.5M | $9.9M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $74.7M | $70.9M | -$10.8M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $72.2M | $66.4M | -$5.1M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $60.2M | $57.9M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $42.6M | $42.9M | $1.4M |
| First Trust Enhanced Short Maturity ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $31.0M | $31.0M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $28.8M | $27.5M | -$1.2M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $23.5M | $22.8M | -$18.4M |
| Baird Intermediate Bond Fund Baird Funds Inc | 2026-06-30 | $18.8M | $18.7M | $0 |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $18.5M | $18.4M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $16.8M | $16.9M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $14.6M | $14.3M | -$435K |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $17.5M | $14.2M | $0 |
| Calvert Short Duration Income Fund Calvert Fund | 2026-06-30 | $14.1M | $13.9M | $0 |
| First Trust Limited Duration Investment Grade Corporate ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $13.8M | $13.6M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.2M | $13.2M | $2.7M |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $12.2M | $12.3M | $0 |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $12.5M | $11.6M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $11.3M | $10.8M | $408K |
| VANGUARD ULTRA-SHORT BOND ETF VANGUARD BOND INDEX FUNDS | 2026-06-30 | $10.6M | $10.6M | $0 |
| iMGP Dolan McEniry Corporate Bond Fund LITMAN GREGORY FUNDS TRUST | 2026-06-30 | $10.2M | $10.4M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $10.3M | $10.3M | $3.3M |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $10.8M | $10.3M | $0 |
| EQ/Intermediate Corporate Bond Portfolio EQ Advisors Trust | 2026-06-30 | $9.7M | $9.8M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Fidelity Conservative Income Bond Fund ($22.0M), Oakmark Equity and Income Fund ($10.0M), Invesco BulletShares 2026 Corporate Bond ETF ($6.5M), VANGUARD WELLESLEY INCOME FUND ($6.4M), Fidelity SAI Low Duration Bond Fund ($5.7M), SIIT CORE FIXED INCOME FUND ($4.7M), DoubleLine Core Fixed Income Fund ($2.8M), Aristotle Short Duration Income Fund ($2.8M), BBH Limited Duration Fund ($2.2M), Oakmark Bond Fund ($1.8M).
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 |
|---|---|---|---|---|---|
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $72.7M | $71.5M | 0.14% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 8 | $72.2M | $66.4M | 0.02% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $42.6M | $42.9M | 0.06% |
| FTSM First Trust Enhanced Short Maturity ETF | 2026-07-31 | 1 | $31.0M | $31.0M | 0.48% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 9 | $28.8M | $27.5M | 0.02% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $14.6M | $14.3M | 0.06% |
| FSIG First Trust Limited Duration Investment Grade Corporate ETF | 2026-07-31 | 3 | $13.8M | $13.6M | 0.90% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $13.2M | $13.2M | 0.04% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 10 | $11.3M | $10.8M | 0.06% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 1 | $10.6M | $10.6M | 0.12% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $10.3M | $10.3M | 0.02% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 3 | $10.0M | $9.7M | 0.01% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $10.5M | $8.7M | 0.09% |
| MINT PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 1 | $8.2M | $8.2M | 0.05% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $8.0M | $8.0M | 0.04% |
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 113 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.
The stock side: 13F filings
What institutions report holding in WTW'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 | 79 | $91.8M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 682 | $23.81B | 10 | $27.1M | 9 | $39.5M | 1 |
| 2026-03-31 | 706 | $22.64B | 9 | $21.6M | 9 | $32.2M | 0 |
| 2025-12-31 | 740 | $28.69B | 5 | $10.6M | 7 | $22.0M | 0 |
| 2025-09-30 | 717 | $30.18B | 9 | $40.6M | 9 | $36.0M | 0 |
| 2025-06-30 | 708 | $27.47B | 9 | $22.1M | 10 | $116.5M | 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.