TeraWulf Inc. bonds WULF
Who owns TeraWulf 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. WULF 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 |
|---|---|---|---|---|---|---|---|---|---|
| 88080TAB0 convertible | 2.75% fixed | 2030-02-01 | USD | 227.21 | — | — | 7 | $28.1M | Jul 2026 |
| 982911AA7 | 7.75% fixed | 2030-10-15 | USD | 103.91 | 6.67% | 236 bp | 122 | $561.0M | Jul 2026 |
| 88080TAC8 convertible | 1% fixed | 2031-09-01 | USD | 164.60 | — | — | 15 | $106.8M | Jul 2026 |
| 88080TAE4 convertible | 0% none | 2032-05-01 | USD | 119.46 | — | — | 28 | $97.2M | 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 | 4 | $793.1M | 142.03 | 6.67% | 236 bp | 122 |
| Jun 2026 | 4 | $693.0M | 180.78 | 6.38% | 219 bp | 185 |
| May 2026 | 4 | $513.4M | 188.13 | 6.38% | 227 bp | 104 |
| Apr 2026 | 4 | $768.0M | 164.75 | 6.41% | 251 bp | 132 |
| Mar 2026 | 4 | $718.8M | 121.63 | 6.29% | 246 bp | 213 |
| Feb 2026 | 4 | $428.1M | 131.08 | 6.26% | 261 bp | 104 |
| Jan 2026 | 4 | $625.3M | 118.27 | 6.66% | 291 bp | 135 |
| Dec 2025 | 4 | $695.1M | 110.76 | 6.98% | 330 bp | 220 |
| Nov 2025 | 4 | $357.3M | 124.59 | 6.91% | 325 bp | 96 |
| Oct 2025 | 4 | $451.0M | 126.20 | 6.81% | 317 bp | 119 |
| Sep 2025 | 2 | $83.4M | 140.19 | — | — | 19 |
| Aug 2025 | 2 | $34.5M | 121.50 | — | — | 5 |
| Jul 2025 | 1 | $4.8M | 92.83 | — | — | 1 |
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. 114 added, 100 cut, 38 new holders and 66 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $86.3M | $89.7M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $53.3M | $84.9M | $9.6M |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $38.4M | $78.0M | $5.0M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $66.4M | $69.0M | $3.0M |
| American High Income Trust | 2026-06-30 | $58.0M | $61.0M | -$5.0M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $54.4M | $57.2M | $43.8M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $51.4M | $53.5M | -$5.6M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $42.8M | $44.9M | $0 |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $33.5M | $42.9M | $420K |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $40.4M | $42.5M | -$8.4M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $40.3M | $42.4M | $0 |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $19.2M | $39.5M | $3.3M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $29.2M | $30.4M | $0 |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $28.3M | $29.4M | $21.0M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $27.1M | $28.1M | -$1.1M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $25.8M | $27.0M | $3.8M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $25.5M | $26.8M | $12.0M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $24.8M | $26.1M | -$845K |
| Virtus Convertible Fund Virtus Strategy Trust | 2026-06-30 | $17.4M | $25.7M | $2.5M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $24.7M | $25.6M | new |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $18.1M | $25.3M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $24.1M | $25.3M | $424K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $19.4M | $20.3M | $417K |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $12.5M | $19.1M | $2.1M |
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $10.0M | $18.1M | $974K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): BlackRock High Yield Portfolio ($63.0M), MFS High Income Fund ($8.5M), Aristotle Strategic Income Fund ($8.0M), AQR Diversified Arbitrage Fund ($7.8M), BlackRock Corporate High Yield Fund, Inc. ($6.8M), Loomis Sayles Income Fund ($5.9M), Payden High Income Fund ($4.3M), Loomis Sayles Investment Grade Bond Fund ($2.9M), BlackRock High Yield Portfolio ($2.9M), BlackRock High Yield V.I. Fund ($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 |
|---|---|---|---|---|---|
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 3 | $53.3M | $84.9M | 1.18% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 3 | $38.4M | $78.0M | 1.26% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $66.4M | $69.0M | 0.24% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $40.4M | $42.5M | 0.26% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $27.1M | $28.1M | 0.37% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $25.8M | $27.0M | 0.24% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $24.1M | $25.3M | 0.34% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $19.4M | $20.3M | 0.42% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $11.3M | $11.9M | 0.73% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $8.3M | $8.7M | 0.17% |
| THYF T. Rowe Price U.S. High Yield ETF | 2026-05-31 | 1 | $7.8M | $8.2M | 1.00% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $6.4M | $6.7M | 0.28% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 1 | $6.2M | $6.5M | 0.55% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 2 | $5.0M | $6.3M | 0.02% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $5.3M | $5.5M | 0.25% |
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 236 bp spread prices in about 3.9% 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 WULF'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 | 34 | $130.3M | 0 | — | 3 | $78.1M | 0 |
| 2026-06-30 | 491 | $9.66B | 37 | $1.53B | 50 | $3.65B | 1 |
| 2026-03-31 | 430 | $3.82B | 39 | $859.0M | 43 | $1.59B | 1 |
| 2025-12-31 | 399 | $3.32B | 39 | $779.9M | 48 | $1.33B | 1 |
| 2025-09-30 | 322 | $2.95B | 35 | $490.9M | 43 | $1.06B | 2 |
| 2025-06-30 | 268 | $895.5M | 19 | $82.3M | 31 | $201.7M | 0 |
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.