Zebra Technologies Corporation bonds ZBRA
Who owns Zebra Technologies 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. ZBRA 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 |
|---|---|---|---|---|---|---|---|---|---|
| 989207AD7 | 6.5% fixed | 2032-06-01 | USD | 101.17 | 6.26% | 187 bp | 40 | $47.4M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $22.7M | 101.86 | 6.11% | 168 bp | 1 |
| Jul 2026 | 1 | $47.4M | 101.17 | 6.26% | 187 bp | 40 |
| Jun 2026 | 1 | $77.2M | 101.28 | 6.24% | 197 bp | 63 |
| May 2026 | 1 | $44.9M | 101.46 | 6.20% | 197 bp | 24 |
| Apr 2026 | 1 | $45.7M | 101.95 | 6.11% | 207 bp | 42 |
| Mar 2026 | 1 | $78.4M | 100.70 | 6.36% | 240 bp | 62 |
| Feb 2026 | 1 | $35.4M | 102.52 | 6.01% | 220 bp | 25 |
| Jan 2026 | 1 | $47.4M | 103.05 | 5.91% | 199 bp | 44 |
| Dec 2025 | 1 | $88.6M | 103.54 | 5.83% | 199 bp | 63 |
| Nov 2025 | 1 | $37.7M | 103.59 | 5.83% | 202 bp | 26 |
| Oct 2025 | 1 | $47.5M | 103.67 | 5.82% | 203 bp | 44 |
| Sep 2025 | 1 | $98.7M | 102.75 | 5.99% | 216 bp | 59 |
| Aug 2025 | 1 | $21.4M | 102.71 | 6.00% | 203 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. 21 added, 7 cut, 3 new holders and 6 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $28.5M | $28.8M | $0 |
| American Beacon SiM High Yield Opportunities Fund AMERICAN BEACON FUNDS | 2026-05-31 | $22.3M | $22.6M | $7.3M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $9.6M | $9.7M | $420K |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $9.0M | $9.2M | $0 |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $7.2M | $7.3M | $1.6M |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $7.2M | $7.3M | $0 |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $5.6M | $5.7M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $5.5M | $5.6M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.0M | $5.0M | $1.1M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.5M | $4.6M | -$164K |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $4.5M | $4.5M | -$585K |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $3.2M | $3.3M | $0 |
| ALLSPRING INCOME OPPORTUNITIES FUND | 2026-07-31 | $2.3M | $2.3M | $0 |
| Credit Suisse Strategic Income Fund CREDIT SUISSE OPPORTUNITY FUNDS | 2026-07-31 | $2.1M | $2.1M | $0 |
| MFS High Yield Pooled Portfolio MFS Series Trust III | 2026-07-31 | $2.0M | $2.0M | $160K |
| Nomura High Income Fund IVY FUNDS | 2026-06-30 | $2.0M | $2.0M | new |
| Transamerica Multi-Asset Income TRANSAMERICA FUNDS | 2026-07-31 | $2.0M | $2.0M | $0 |
| SIIT HIGH YIELD BOND FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $1.9M | $1.9M | new |
| High Income Fund American Century Investment Trust | 2026-06-30 | $1.8M | $1.8M | $0 |
| Bond-Debenture Portfolio LORD ABBETT SERIES FUND INC | 2026-06-30 | $1.6M | $1.6M | $0 |
| CREDIT SUISSE HIGH YIELD CREDIT FUND | 2026-07-31 | $1.5M | $1.5M | $0 |
| Victory High Income Fund Victory Portfolios III | 2026-07-31 | $1.5M | $1.5M | $0 |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $1.4M | $1.5M | $382K |
| CALAMOS STRATEGIC TOTAL RETURN FUND | 2026-07-31 | $1.2M | $1.2M | $0 |
| Xtrackers USD High Yield BB-B ex Financials ETF DBX ETF Trust | 2026-05-31 | $1.2M | $1.2M | $249K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Franklin High Income Fund ($3.6M), MFS MULTIMARKET INCOME TRUST ($605K), Franklin Universal Trust ($300K), BlackRock Multi-Sector Income Trust ($184K), BlackRock Core Bond Trust ($77K), NORTH SQUARE CORE PLUS BOND FUND ($30K).
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 | 1 | $9.6M | $9.7M | 0.03% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $5.0M | $5.0M | 0.07% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $4.5M | $4.6M | 0.04% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.2M | $1.2M | 0.05% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $927K | $941K | 0.04% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $734K | $745K | 0.06% |
| CARY Angel Oak Income ETF | 2026-07-31 | 1 | $680K | $688K | 0.05% |
| AOHY Angel Oak High Yield Opportunities ETF | 2026-07-31 | 1 | $550K | $557K | 0.45% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $530K | $536K | 0.00% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $331K | $335K | 0.06% |
| TMB Thornburg Multi Sector Bond ETF | 2026-05-31 | 1 | $278K | $282K | 0.15% |
| HYBB iShares BB Rated Corporate Bond ETF | 2026-07-31 | 1 | $257K | $260K | 0.06% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $237K | $240K | 0.04% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $210K | $212K | 0.02% |
| HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 2026-07-31 | 1 | $208K | $210K | 0.11% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.91: safer than 48% of companies (46th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-07-04.
| Equity value | $17.80B |
| Debt barrier (short-term + ½ long-term debt) | $2.52B |
| Equity volatility (1 year) | 47.2% |
| Asset value / asset volatility (solved) | $20.21B / 41.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 187 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 = 3.73 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ZBRA'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 | 89 | $434.2M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 631 | $12.62B | 12 | $118.2M | 10 | $35.8M | 1 |
| 2026-03-31 | 620 | $7.97B | 11 | $22.7M | 13 | $36.2M | 1 |
| 2025-12-31 | 698 | $10.62B | 8 | $15.9M | 10 | $14.2M | 1 |
| 2025-09-30 | 750 | $13.89B | 10 | $20.1M | 11 | $39.2M | 1 |
| 2025-06-30 | 746 | $14.21B | 11 | $153.0M | 14 | $73.2M | 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.