XPO Logistics, Inc. bonds XPO
Who owns XPO Logistics, 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. XPO 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 |
|---|---|---|---|---|---|---|---|---|---|
| 98379KAA0 | 6.25% fixed | 2028-06-01 | USD | 100.90 | 5.72% | 153 bp | 24 | $42.7M | Jul 2026 |
| 98379KAB8 | 7.125% fixed | 2031-06-01 | USD | 102.69 | 6.47% | 214 bp | 28 | $38.3M | Jul 2026 |
| 983793AK6 | 7.125% fixed | 2032-02-01 | USD | 103.14 | 6.44% | 208 bp | 39 | $73.6M | Jul 2026 |
| 12612WAB0 | 6.7% fixed | 2034-05-01 | USD | 103.22 | 6.17% | 167 bp | 11 | $35.5M | 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 | $190.1M | 102.91 | 6.30% | 188 bp | 39 |
| Jun 2026 | 4 | $252.1M | 103.58 | 6.06% | 181 bp | 46 |
| May 2026 | 4 | $172.7M | 103.40 | 6.07% | 184 bp | 31 |
| Apr 2026 | 4 | $198.6M | 103.92 | 6.04% | 197 bp | 43 |
| Mar 2026 | 4 | $258.5M | 102.75 | 6.36% | 236 bp | 47 |
| Feb 2026 | 4 | $189.8M | 104.36 | 5.85% | 215 bp | 31 |
| Jan 2026 | 4 | $196.3M | 104.54 | 5.87% | 201 bp | 40 |
| Dec 2025 | 4 | $247.4M | 104.93 | 5.88% | 202 bp | 45 |
| Nov 2025 | 4 | $170.4M | 105.06 | 5.93% | 206 bp | 31 |
| Oct 2025 | 4 | $185.0M | 104.85 | 5.90% | 210 bp | 40 |
| Sep 2025 | 4 | $254.5M | 104.91 | 5.88% | 211 bp | 48 |
| Aug 2025 | 4 | $167.1M | 104.40 | 6.09% | 205 bp | 34 |
| Jul 2025 | 4 | $180.8M | 103.73 | 6.22% | 202 bp | 39 |
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. 35 added, 35 cut, 12 new holders and 19 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $36.6M | $37.5M | $0 |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $29.1M | $29.5M | $0 |
| Income Fund of America | 2026-07-31 | $26.6M | $27.3M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $25.8M | $26.6M | $2.1M |
| CrossingBridge Low Duration High Income Fund Trust for Professional Managers | 2026-06-30 | $22.7M | $22.9M | $0 |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $18.4M | $19.0M | $0 |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $15.0M | $15.4M | $0 |
| VanEck Fallen Angel High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $14.8M | $15.3M | $385K |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $14.9M | $15.3M | -$1.5M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $14.0M | $14.2M | -$2.9M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $13.1M | $13.5M | -$2.0M |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $12.0M | $12.2M | $4.1M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $10.4M | $10.8M | $1.5M |
| Virtus Artificial Intelligence & Technology Opportunities Fund | 2026-07-31 | $10.3M | $10.6M | $400K |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $10.1M | $10.5M | $0 |
| iShares Fallen Angels USD Bond ETF iShares Trust | 2026-07-31 | $10.1M | $10.4M | -$1.3M |
| RiverPark Strategic Income Fund Trust for Professional Managers | 2026-06-30 | $9.8M | $9.9M | $0 |
| Nuveen Flexible Income Fund Nuveen Investment Trust V | 2026-05-31 | $9.5M | $9.9M | -$1.4M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $9.0M | $9.2M | $120K |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $8.7M | $8.9M | $170K |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $8.1M | $8.3M | $0 |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $8.0M | $8.2M | $0 |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $7.1M | $7.3M | $140K |
| Carillon Chartwell Short Duration High Yield Fund Carillon Series Trust | 2026-06-30 | $7.0M | $7.1M | $0 |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $6.8M | $7.0M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Guggenheim Macro Opportunities Fund ($9.2M), Fidelity High Income Fund ($6.2M), Fidelity SAI High Income Fund ($3.8M), Fidelity Total Bond Fund ($3.8M), JNL/PPM America High Yield Bond Fund ($3.4M), Fidelity Total Bond ETF ($2.6M), Fidelity SAI Total Bond Fund ($2.1M), Victory High Income Fund ($458K), MFS MULTIMARKET INCOME TRUST ($373K), SIMT Multi-Asset Income Fund ($255K).
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 | 3 | $25.8M | $26.6M | 0.09% |
| ANGL VanEck Fallen Angel High Yield Bond ETF | 2026-07-31 | 1 | $14.8M | $15.3M | 0.50% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $13.1M | $13.5M | 0.08% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $10.4M | $10.8M | 0.10% |
| FALN iShares Fallen Angels USD Bond ETF | 2026-07-31 | 1 | $10.1M | $10.4M | 0.65% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $8.7M | $8.9M | 0.40% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $6.7M | $6.9M | 0.81% |
| UYLD Angel Oak UltraShort Income ETF | 2026-07-31 | 1 | $6.8M | $6.8M | 0.43% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 1 | $6.0M | $6.3M | 0.53% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $5.3M | $5.4M | 0.02% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $4.7M | $4.8M | 0.04% |
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 1 | $4.7M | $4.8M | 0.21% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $3.0M | $3.1M | 0.09% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $2.6M | $2.7M | 0.11% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $2.7M | $2.7M | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.43: safer than 62% of companies (62th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $21.66B |
| Debt barrier (short-term + ½ long-term debt) | $1.85B |
| Equity volatility (1 year) | 42.1% |
| Asset value / asset volatility (solved) | $23.43B / 38.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 188 bp spread prices in about 3.1% 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'' = 1.40 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in XPO'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 | $134.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 739 | $23.38B | 17 | $198.3M | 17 | $129.4M | 0 |
| 2026-03-31 | 657 | $18.43B | 20 | $147.8M | 21 | $136.4M | 0 |
| 2025-12-31 | 576 | $13.83B | 22 | $331.1M | 21 | $249.6M | 1 |
| 2025-09-30 | 538 | $15.54B | 20 | $75.5M | 19 | $175.1M | 1 |
| 2025-06-30 | 538 | $15.32B | 20 | $49.2M | 20 | $101.6M | 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.