American Coastal Insurance Corporation bonds ACIC
Who owns American Coastal Insurance 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. ACIC 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 |
|---|---|---|---|---|---|---|---|---|---|
| 910710AA0 | 6.25% fixed | 2027-12-15 | USD | 100.36 | 5.97% | 186 bp | 4 | $103.0M | 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 | 1 | $103.0M | 100.36 | 5.97% | 186 bp | 4 |
| Jun 2026 | 1 | $256K | 100.47 | 5.91% | 190 bp | 1 |
| May 2026 | 1 | $2.2M | 99.99 | 6.26% | 235 bp | 1 |
| Apr 2026 | 1 | $102.7M | 100.11 | 6.17% | 241 bp | 4 |
| Mar 2026 | 1 | $255K | 99.98 | 6.26% | 256 bp | 1 |
| Feb 2026 | 1 | $2.3M | 100.02 | 6.23% | 276 bp | 1 |
| Jan 2026 | 1 | $95.5M | 100.20 | 6.13% | 259 bp | 4 |
| Dec 2025 | 1 | $256K | 100.49 | 5.98% | 248 bp | 1 |
| Nov 2025 | 1 | $2.2M | 98.75 | 6.92% | 336 bp | 1 |
| Oct 2025 | 1 | $94.8M | 100.00 | 6.24% | 272 bp | 4 |
| Sep 2025 | 1 | $258K | 101.00 | 5.76% | 219 bp | 1 |
| Aug 2025 | 1 | $2.2M | 99.40 | 6.53% | 284 bp | 1 |
| Jul 2025 | 1 | $64.9M | 99.52 | 6.47% | 260 bp | 4 |
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. 1 added, 0 cut, 0 new holders and 0 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Holbrook Income Fund Two Roads Shared Trust | 2026-07-31 | $69.6M | $69.9M | $14K |
| BBH Limited Duration Fund BBH Trust | 2026-07-31 | $26.4M | $26.4M | $0 |
| Angel Oak Financial Strategies Income Term Trust | 2026-07-31 | $3.7M | $3.7M | $0 |
| BBH Income Fund BBH Trust | 2026-07-31 | $2.9M | $2.9M | $0 |
| Thompson Bond Fund Thompson IM Funds, Inc. | 2026-05-31 | $2.2M | $2.2M | $0 |
| iMGP Low Duration Income Fund LITMAN GREGORY FUNDS TRUST | 2026-06-30 | $255K | $256K | $0 |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.00: safer than 58% of companies (59th percentile in Financial Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.13B |
| Debt barrier (short-term + ½ long-term debt) | $41.1M |
| Equity volatility (1 year) | 70.0% |
| Asset value / asset volatility (solved) | $3.17B / 69.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 186 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 = 4.21 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ACIC'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 | 9 | $2.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 134 | $175.3M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 144 | $177.0M | 5 | $5.1M | 5 | $5.1M | 0 |
| 2025-12-31 | 135 | $194.7M | 2 | $440K | 2 | $614K | 0 |
| 2025-09-30 | 126 | $174.8M | 2 | $149K | 5 | $5.6M | 0 |
| 2025-06-30 | 123 | $166.1M | 3 | $476K | 6 | $5.7M | 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.