Xerox Holdings Corporation bonds XRX
Who owns Xerox Holdings 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. XRX 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 |
|---|---|---|---|---|---|---|---|---|---|
| 98421MAB2 | 5.5% fixed | 2028-08-15 | USD | 59.73 | 34.59% | 3037 bp | 9 | $8.6M | Jul 2026 |
| 98421MAC0 | 8.875% fixed | 2029-11-30 | USD | 44.45 | 40.73% | 3646 bp | 8 | $5.7M | Jul 2026 |
| 98421MAE6 convertible | 3.75% fixed | 2030-03-15 | USD | 37.12 | — | — | 2 | $7.0M | Jul 2026 |
| 98421MAF3 | 13% variable | 2030-07-01 | USD | 54.50 | — | — | 2 | $395K | Apr 2026 |
| 984121CS0 | 10.25% fixed | 2030-10-15 | USD | 90.22 | 13.35% | 905 bp | 20 | $30.1M | Jul 2026 |
| 984121CT8 | 13.5% fixed | 2031-04-15 | USD | 71.49 | 23.87% | 1955 bp | 10 | $10.9M | Jul 2026 |
| 984121CL5 | 4.8% fixed | 2035-03-01 | USD | 37.07 | 20.83% | 1629 bp | 5 | $9.2M | Jul 2026 |
| 984121CB7 | 6.75% fixed | 2039-12-15 | USD | 36.39 | 21.21% | 1644 bp | 5 | $12.6M | 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 | 7 | $84.1M | 44.45 | 22.54% | 1800 bp | 20 |
| Jun 2026 | 7 | $71.6M | 43.55 | 23.68% | 1938 bp | 28 |
| May 2026 | 6 | $47.4M | 51.69 | 23.90% | 1963 bp | 23 |
| Apr 2026 | 8 | $72.1M | 42.34 | 28.67% | 2458 bp | 19 |
| Mar 2026 | 7 | $68.7M | 31.69 | 32.41% | 2840 bp | 30 |
| Feb 2026 | 6 | $36.5M | 33.39 | 29.94% | 2607 bp | 24 |
| Jan 2026 | 7 | $80.8M | 36.81 | 25.13% | 2084 bp | 28 |
| Dec 2025 | 7 | $101.5M | 40.46 | 25.19% | 2096 bp | 36 |
| Nov 2025 | 6 | $57.4M | 39.72 | 23.84% | 1966 bp | 26 |
| Oct 2025 | 8 | $104.8M | 45.55 | 20.54% | 1626 bp | 25 |
| Sep 2025 | 7 | $187.4M | 54.51 | 16.39% | 1217 bp | 44 |
| Aug 2025 | 6 | $80.3M | 62.96 | 15.50% | 1113 bp | 27 |
| Jul 2025 | 8 | $151.8M | 65.72 | 14.69% | 1028 bp | 33 |
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. 15 added, 30 cut, 9 new holders and 11 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $45.4M | $27.0M | $0 |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $21.1M | $18.6M | -$5.5M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $25.8M | $16.2M | -$1.6M |
| The Osterweis Strategic Income Fund Professionally Managed Portfolios | 2026-06-30 | $15.0M | $13.3M | $0 |
| VanEck Fallen Angel High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $30.0M | $11.3M | $660K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $16.9M | $9.0M | $290K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $12.3M | $8.9M | $3.1M |
| iShares Fallen Angels USD Bond ETF iShares Trust | 2026-07-31 | $19.9M | $7.0M | -$850K |
| iShares Flexible Income Active ETF BlackRock ETF Trust II | 2026-07-31 | $7.1M | $6.4M | -$1.1M |
| BlackRock Global Allocation Fund, Inc. | 2026-07-31 | $6.9M | $6.2M | -$1.1M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $7.4M | $6.0M | $3.8M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $9.3M | $5.8M | $0 |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $15.0M | $5.6M | $0 |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $9.1M | $5.4M | $0 |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $5.5M | $3.9M | $0 |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $5.9M | $3.7M | -$1.1M |
| BlackRock Credit Relative Value Fund BlackRock Funds IV | 2026-07-31 | $4.0M | $3.6M | -$612K |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $4.6M | $2.9M | $1.2M |
| Schwab High Yield Bond ETF SCHWAB STRATEGIC TRUST | 2026-05-31 | $5.1M | $2.8M | $665K |
| BlackRock Total Return Fund BlackRock Bond Fund, Inc. | 2026-06-30 | $2.8M | $2.5M | -$710K |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $3.8M | $2.3M | $0 |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $5.9M | $2.1M | $0 |
| Hotchkis and Wiley High Yield Fund HOTCHKIS & WILEY FUNDS/DE/ | 2026-06-30 | $4.5M | $2.0M | -$228K |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.5M | $2.0M | -$1.6M |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $3.3M | $2.0M | -$270K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Guggenheim Macro Opportunities Fund ($8.8M), Guggenheim Strategic Opportunities Fund ($1.6M), Guggenheim High Yield Fund ($475K), Federated Hermes SDG Engagement High Yield Credit Fund ($475K), Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust ($450K), Guggenheim Active Allocation Fund ($250K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($202K), iMGP Low Duration Income Fund ($200K), iShares ESG Advanced Universal USD Bond ETF ($173K), Series P (High Yield Series) ($100K).
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 | 6 | $45.4M | $27.0M | 0.09% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 4 | $25.8M | $16.2M | 0.10% |
| ANGL VanEck Fallen Angel High Yield Bond ETF | 2026-07-31 | 2 | $30.0M | $11.3M | 0.37% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 6 | $16.9M | $9.0M | 0.08% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $12.3M | $8.9M | 0.18% |
| FALN iShares Fallen Angels USD Bond ETF | 2026-07-31 | 2 | $19.9M | $7.0M | 0.43% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $7.4M | $6.0M | 0.08% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $5.5M | $3.9M | 0.18% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 4 | $5.9M | $3.7M | 0.11% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 6 | $5.1M | $2.8M | 0.11% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $5.9M | $2.1M | 0.03% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $3.5M | $2.0M | 0.03% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $3.3M | $2.0M | 0.12% |
| XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $2.5M | $1.5M | 0.56% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $4.0M | $1.5M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 0.84: safer than 6% of companies (5th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $325.0M |
| Debt barrier (short-term + ½ long-term debt) | $2.15B |
| Equity volatility (1 year) | 88.5% |
| Asset value / asset volatility (solved) | $2.35B / 14.6% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 1800 bp spread prices in about 30.0% 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 = 1.20 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in XRX'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 | 21 | $692K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 251 | $300.7M | 22 | $57.5M | 17 | $24.6M | 28 |
| 2026-03-31 | 230 | $100.7M | 20 | $21.9M | 16 | $9.0M | 24 |
| 2025-12-31 | 239 | $242.0M | 23 | $34.5M | 15 | $15.5M | 21 |
| 2025-09-30 | 268 | $383.0M | 26 | $45.3M | 14 | $23.3M | 22 |
| 2025-06-30 | 286 | $649.8M | 19 | $37.3M | 15 | $34.6M | 23 |
Officials trading XRX bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2020-10-13 | Sheldon Whitehouse | sale full | XEROX CORP Rate/Coupon: 4.5% Matures: 05/15/21 | $1,001 - $15,000 | filing |
| 2016-05-04 | Sheldon Whitehouse | purchase | XEROX CORP Rate/Coupon: 4.5% Matures: 05/15/2021 | $1,001 - $15,000 | filing |
| 2016-05-04 | Sheldon Whitehouse | purchase | XEROX CORP | $1,001 - $15,000 | filing |
| 2016-05-04 | Sheldon Whitehouse | purchase | XEROX CORP Rate/Coupon: 4.5% Matures: 05/15/2021 | $1,001 - $15,000 | filing |
| 2016-05-04 | Sheldon Whitehouse | purchase | XEROX CORP Rate/Coupon: 4.5% Matures: 05/15/2021 | $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.