AdaptHealth Corp. bonds AHCO
Who owns AdaptHealth Corp.'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. AHCO 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 |
|---|---|---|---|---|---|---|---|---|---|
| 00653VAA9 | 6.125% fixed | 2028-08-01 | USD | 99.99 | 6.13% | 191 bp | 27 | $21.1M | Jul 2026 |
| 00653VAC5 | 4.625% fixed | 2029-08-01 | USD | 96.50 | 5.92% | 166 bp | 32 | $51.4M | Jul 2026 |
| 00653VAE1 | 5.125% fixed | 2030-03-01 | USD | 96.47 | 6.24% | 196 bp | 36 | $72.0M | 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 | 3 | $144.5M | 96.50 | 6.13% | 191 bp | 36 |
| Jun 2026 | 3 | $119.5M | 97.00 | 6.05% | 188 bp | 40 |
| May 2026 | 3 | $237.8M | 96.93 | 6.05% | 197 bp | 30 |
| Apr 2026 | 3 | $170.4M | 97.26 | 5.93% | 206 bp | 34 |
| Mar 2026 | 3 | $142.9M | 95.86 | 6.20% | 248 bp | 46 |
| Feb 2026 | 3 | $241.9M | 96.37 | 5.97% | 248 bp | 27 |
| Jan 2026 | 3 | $172.0M | 97.11 | 5.93% | 223 bp | 36 |
| Dec 2025 | 3 | $203.8M | 97.84 | 5.71% | 208 bp | 47 |
| Nov 2025 | 3 | $223.0M | 97.18 | 5.76% | 220 bp | 26 |
| Oct 2025 | 3 | $183.4M | 95.68 | 6.12% | 259 bp | 31 |
| Sep 2025 | 3 | $198.5M | 95.44 | 6.19% | 264 bp | 41 |
| Aug 2025 | 3 | $205.3M | 95.37 | 6.25% | 256 bp | 26 |
| Jul 2025 | 3 | $167.7M | 94.02 | 6.42% | 253 bp | 30 |
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. 33 added, 33 cut, 13 new holders and 28 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $118.8M | $115.7M | -$3.4M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $42.2M | $41.7M | -$1.6M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $29.5M | $28.7M | $3.2M |
| Allspring Short-Term High Income Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $20.3M | $19.8M | $0 |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $19.0M | $18.3M | -$12.3M |
| American High Income Trust | 2026-06-30 | $16.1M | $15.6M | -$12.1M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $15.9M | $15.5M | $5.5M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $15.1M | $14.6M | $3.0M |
| Income Fund of America | 2026-07-31 | $14.7M | $14.2M | -$1.6M |
| High Yield Bond Series Manning & Napier Fund, Inc. | 2026-06-30 | $14.6M | $14.1M | -$2.2M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $13.0M | $12.6M | $60K |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $13.0M | $12.6M | $187K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.6M | $8.4M | -$1.3M |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $7.6M | $7.4M | $2.0M |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $7.0M | $6.8M | $0 |
| PGIM Active High Yield Bond ETF PGIM ETF Trust | 2026-05-29 | $7.0M | $6.8M | -$722K |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.7M | $6.5M | $1.6M |
| Victory Pioneer High Yield Fund Victory Portfolios IV | 2026-07-31 | $6.5M | $6.2M | $0 |
| Greenspring Income Opportunities Fund Manager Directed Portfolios | 2026-06-30 | $5.1M | $5.1M | $1.5M |
| Virtus Newfleet Short Duration High Income Fund Virtus Strategy Trust | 2026-06-30 | $4.7M | $4.7M | $0 |
| iShares Flexible Income Active ETF BlackRock ETF Trust II | 2026-07-31 | $4.6M | $4.4M | $775K |
| Six Circles Credit Opportunities Fund SIX CIRCLES TRUST | 2026-06-30 | $4.2M | $4.1M | $55K |
| AB HIGH INCOME FUND INC | 2026-07-31 | $4.1M | $3.9M | $0 |
| PSF PGIM High Yield Bond Portfolio Prudential Series Fund | 2026-06-30 | $3.8M | $3.7M | $0 |
| SIIT HIGH YIELD BOND FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $3.8M | $3.7M | -$179K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Short Duration High Yield Fund ($16.8M), American Funds Multi-Sector Income Fund ($8.7M), Capital Group U.S. Multi-Sector Income ETF ($2.9M), Fidelity Total Bond Fund ($2.2M), American Funds Strategic Bond Fund ($1.7M), Asset Allocation Fund ($1.5M), Fidelity Total Bond ETF ($1.4M), Goldman Sachs Dynamic Bond Fund ($1.4M), Fidelity SAI Total Bond Fund ($1.2M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($532K).
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 | $29.5M | $28.7M | 0.10% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $15.9M | $15.5M | 0.14% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $15.1M | $14.6M | 0.09% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 3 | $13.0M | $12.6M | 0.17% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $8.6M | $8.4M | 0.17% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 3 | $7.0M | $6.8M | 0.52% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $6.7M | $6.5M | 0.09% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $3.5M | $3.3M | 0.10% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 2 | $3.1M | $3.0M | 0.06% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $2.8M | $2.8M | 0.11% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $2.7M | $2.6M | 0.11% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $1.9M | $1.9M | 0.11% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $1.8M | $1.8M | 0.26% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $1.8M | $1.7M | 0.00% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 3 | $1.7M | $1.7M | 0.15% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 1.76: safer than 12% of companies (15th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $811.2M |
| Debt barrier (short-term + ½ long-term debt) | $948.0M |
| Equity volatility (1 year) | 68.6% |
| Asset value / asset volatility (solved) | $1.72B / 33.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 191 bp spread prices in about 3.2% 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 = 0.57 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in AHCO'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 | 20 | $5.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 228 | $1.46B | 8 | $12.2M | 9 | $6.7M | 0 |
| 2026-03-31 | 227 | $1.49B | 8 | $26.5M | 5 | $8.2M | 0 |
| 2025-12-31 | 224 | $1.36B | 11 | $52.5M | 9 | $29.4M | 0 |
| 2025-09-30 | 219 | $1.22B | 10 | $52.7M | 9 | $30.3M | 0 |
| 2025-06-30 | 212 | $1.27B | 12 | $66.5M | 11 | $38.0M | 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.