Advance Auto Parts, Inc. bonds AAP
Who owns Advance Auto Parts, 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. AAP 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 |
|---|---|---|---|---|---|---|---|---|---|
| 00751YAF3 | 1.75% fixed | 2027-10-01 | USD | 96.13 | 5.20% | 113 bp | 17 | $54.7M | Jul 2026 |
| 00751YAJ5 | 5.95% fixed | 2028-03-09 | USD | 100.66 | 5.51% | 136 bp | 13 | $36.2M | Jul 2026 |
| 00751YAE6 | 3.9% fixed | 2030-04-15 | USD | 93.60 | 5.84% | 156 bp | 28 | $85.3M | Jul 2026 |
| 00751YAK2 | 7% fixed | 2030-08-01 | USD | 102.49 | 6.29% | 199 bp | 70 | $136.1M | Jul 2026 |
| 00751YAG1 | 3.5% fixed | 2032-03-15 | USD | 87.56 | 6.15% | 178 bp | 16 | $47.9M | Jul 2026 |
| 00751YAL0 | 7.375% fixed | 2033-08-01 | USD | 103.22 | 6.79% | 233 bp | 64 | $108.9M | 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 | 6 | $469.2M | 98.39 | 6.00% | 167 bp | 70 |
| Jun 2026 | 6 | $560.1M | 98.66 | 5.82% | 161 bp | 91 |
| May 2026 | 6 | $301.5M | 98.48 | 5.93% | 178 bp | 53 |
| Apr 2026 | 6 | $452.8M | 98.60 | 5.82% | 188 bp | 72 |
| Mar 2026 | 6 | $612.6M | 97.67 | 6.24% | 237 bp | 97 |
| Feb 2026 | 6 | $293.3M | 99.00 | 5.71% | 201 bp | 46 |
| Jan 2026 | 6 | $439.4M | 98.23 | 6.08% | 228 bp | 65 |
| Dec 2025 | 6 | $574.4M | 97.65 | 6.26% | 252 bp | 97 |
| Nov 2025 | 6 | $277.7M | 98.16 | 6.11% | 239 bp | 41 |
| Oct 2025 | 6 | $397.7M | 97.33 | 6.05% | 236 bp | 65 |
| Sep 2025 | 6 | $525.2M | 97.99 | 5.77% | 205 bp | 96 |
| Aug 2025 | 6 | $210.9M | 97.56 | 5.85% | 199 bp | 40 |
| Jul 2025 | 7 | $336.7M | 100.50 | 6.21% | 219 bp | 66 |
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. 82 added, 67 cut, 9 new holders and 18 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American Funds Multi-Sector Income Fund | 2026-06-30 | $83.3M | $78.9M | -$3.8M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $70.9M | $70.3M | $7.2M |
| VanEck Fallen Angel High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $74.3M | $70.0M | $2.0M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $48.6M | $50.4M | $0 |
| iShares Fallen Angels USD Bond ETF iShares Trust | 2026-07-31 | $51.2M | $48.2M | -$5.8M |
| The Osterweis Strategic Income Fund Professionally Managed Portfolios | 2026-06-30 | $46.0M | $47.2M | $4.1M |
| American High Income Trust | 2026-06-30 | $40.5M | $39.5M | -$36.9M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $37.1M | $38.3M | -$1.3M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $33.9M | $34.3M | -$3.5M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $32.6M | $33.4M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $31.9M | $31.9M | $5.1M |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $29.7M | $28.3M | $2.4M |
| American Funds Strategic Bond Fund | 2026-06-30 | $26.8M | $27.3M | $0 |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $26.4M | $26.6M | $0 |
| Allspring Short-Term High Income Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $23.4M | $23.8M | $0 |
| Capital Group Core Plus Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $19.8M | $19.0M | $2.4M |
| AB HIGH INCOME FUND INC | 2026-07-31 | $17.4M | $17.8M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $17.3M | $17.8M | $2.5M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $17.1M | $17.6M | -$3.1M |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $16.7M | $17.2M | $0 |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $16.4M | $16.4M | $8.4M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $15.8M | $15.6M | $135K |
| Fidelity SAI High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $15.6M | $15.6M | $8.6M |
| T. Rowe Price Dynamic Credit Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $14.0M | $14.5M | -$3.0M |
| Bond Fund of America | 2026-06-30 | $13.4M | $13.9M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO Multisector Bond Active Exchange-Traded Fund ($18.0M), Federated Hermes Corporate Bond Fund ($7.4M), Lord Abbett Floating Rate Fund ($6.5M), SA Federated Hermes Corporate Bond Portfolio ($4.3M), Hartford Dynamic Bond Fund ($3.7M), JNL/PPM America Total Return Fund ($3.7M), PIMCO Diversified Income Fund ($3.5M), FS Multi-Strategy Alternatives Fund ($1.7M), Multi-Sector Bond Portfolio ($1.6M), Invesco Multi-Asset Income Fund ($560K).
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 | $70.9M | $70.3M | 0.25% |
| ANGL VanEck Fallen Angel High Yield Bond ETF | 2026-07-31 | 4 | $74.3M | $70.0M | 2.30% |
| FALN iShares Fallen Angels USD Bond ETF | 2026-07-31 | 4 | $51.2M | $48.2M | 2.99% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 3 | $33.9M | $34.3M | 0.21% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 6 | $31.9M | $31.9M | 0.28% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 3 | $29.7M | $28.3M | 0.55% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 3 | $19.8M | $19.0M | 0.23% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $17.3M | $17.8M | 0.24% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 3 | $15.8M | $15.6M | 0.21% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 3 | $14.6M | $13.4M | 0.40% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $11.6M | $11.7M | 0.24% |
| IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 2026-05-31 | 4 | $8.4M | $7.9M | 2.46% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 1 | $7.4M | $7.6M | 0.23% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 3 | $7.4M | $7.5M | 0.22% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 6 | $6.8M | $6.7M | 0.28% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.47: safer than 19% of companies (18th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-07-18.
| Equity value | $2.64B |
| Debt barrier (short-term + ½ long-term debt) | $1.69B |
| Equity volatility (1 year) | 58.7% |
| Asset value / asset volatility (solved) | $4.26B / 36.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 167 bp spread prices in about 2.8% 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'' = 3.31 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in AAP'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 | 38 | $9.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 361 | $4.04B | 17 | $110.1M | 24 | $592.4M | 0 |
| 2026-03-31 | 341 | $2.96B | 18 | $110.6M | 26 | $459.5M | 0 |
| 2025-12-31 | 349 | $2.59B | 20 | $136.2M | 26 | $206.4M | 1 |
| 2025-09-30 | 365 | $3.95B | 22 | $210.8M | 26 | $224.7M | 1 |
| 2025-06-30 | 345 | $3.19B | 25 | $215.1M | 25 | $189.3M | 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.