Ardent Health Inc. bonds ARDT
Who owns Ardent Health 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. ARDT 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 |
|---|---|---|---|---|---|---|---|---|---|
| 00150LAB7 | 5.75% fixed | 2029-07-15 | USD | 98.72 | 6.23% | 197 bp | 16 | $33.7M | 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 | $33.7M | 98.72 | 6.23% | 197 bp | 16 |
| Jun 2026 | 1 | $58.6M | 98.76 | 6.20% | 205 bp | 30 |
| May 2026 | 1 | $19.3M | 99.16 | 6.05% | 200 bp | 13 |
| Apr 2026 | 1 | $36.3M | 99.16 | 6.04% | 221 bp | 19 |
| Mar 2026 | 1 | $52.0M | 98.91 | 6.12% | 237 bp | 32 |
| Feb 2026 | 1 | $18.3M | 97.89 | 6.45% | 290 bp | 13 |
| Jan 2026 | 1 | $35.0M | 97.56 | 6.55% | 290 bp | 19 |
| Dec 2025 | 1 | $50.5M | 99.25 | 5.99% | 240 bp | 31 |
| Nov 2025 | 1 | $18.1M | 98.11 | 6.34% | 274 bp | 13 |
| Oct 2025 | 1 | $33.9M | 99.78 | 5.82% | 224 bp | 20 |
| Sep 2025 | 1 | $54.2M | 98.44 | 6.22% | 262 bp | 35 |
| Aug 2025 | 1 | $16.7M | 99.40 | 5.92% | 220 bp | 13 |
| Jul 2025 | 1 | $31.0M | 96.65 | 6.73% | 284 bp | 19 |
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. 18 added, 7 cut, 0 new holders and 6 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $26.8M | $26.4M | $1.0M |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $14.1M | $13.9M | $0 |
| First Trust Tactical High Yield ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $8.6M | $8.5M | -$3.3M |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $7.4M | $7.3M | $4.9M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $7.0M | $6.9M | $88K |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $6.1M | $6.0M | $582K |
| First Trust High Yield Opportunities 2027 Term Fund | 2026-05-29 | $4.7M | $4.7M | $242K |
| High Yield Bond Core Fund Federated Hermes Core Trust | 2026-06-30 | $4.3M | $4.3M | $0 |
| BlackRock Corporate High Yield Fund, Inc. | 2026-06-30 | $3.1M | $3.1M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.8M | $2.7M | $2.6M |
| Fidelity High Income Central Fund Fidelity Central Investment Portfolios LLC | 2026-05-31 | $2.2M | $2.2M | $0 |
| Federated Hermes Sustainable High Yield Bond Fund, Inc. | 2026-06-30 | $2.1M | $2.1M | $0 |
| BlackRock High Yield V.I. Fund BlackRock Variable Series Funds II, Inc. | 2026-06-30 | $1.8M | $1.8M | $580K |
| Federated Hermes Opportunistic High Yield Bond Fund Federated Hermes High Yield Trust | 2026-05-31 | $1.6M | $1.6M | $0 |
| Bank Loan Core Fund Federated Hermes Core Trust | 2026-06-30 | $1.6M | $1.6M | $0 |
| BlackRock Multi-Asset Income Portfolio BlackRock Funds II | 2026-07-31 | $1.5M | $1.5M | $288K |
| High Yield Bond Portfolio NORTHWESTERN MUTUAL SERIES FUND INC | 2026-06-30 | $1.4M | $1.4M | $0 |
| Touchstone Funds Group Trust-Touchstone High Yield Fund Touchstone Funds Group Trust | 2026-06-30 | $1.2M | $1.2M | $0 |
| BlackRock High Yield Portfolio Brighthouse Funds Trust I | 2026-06-30 | $1.1M | $1.1M | $0 |
| Schwab High Yield Bond ETF SCHWAB STRATEGIC TRUST | 2026-05-31 | $907K | $900K | -$55K |
| LVIP JPMorgan High Yield Fund LINCOLN VARIABLE INSURANCE PRODUCTS TRUST | 2026-06-30 | $903K | $892K | $0 |
| Six Circles Credit Opportunities Fund SIX CIRCLES TRUST | 2026-06-30 | $899K | $888K | $0 |
| High Income Fund American Century Investment Trust | 2026-06-30 | $750K | $741K | $0 |
| SA Federated Hermes Corporate Bond Portfolio SUNAMERICA SERIES TRUST | 2026-07-31 | $750K | $740K | $175K |
| Xtrackers USD High Yield BB-B ex Financials ETF DBX ETF Trust | 2026-05-31 | $682K | $676K | $279K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): BlackRock Multi-Sector Income Trust ($1.2M), CITY NATIONAL ROCHDALE FIXED INCOME OPPORTUNITIES FUND ($600K), BlackRock Low Duration Bond Portfolio ($320K), iShares Short Duration Bond Active ETF ($188K), BlackRock Core Bond Trust ($153K), BNY Mellon High Yield ETF ($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 |
|---|---|---|---|---|---|
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 1 | $8.6M | $8.5M | 0.52% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $6.1M | $6.0M | 0.02% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $2.8M | $2.7M | 0.02% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $907K | $900K | 0.04% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $682K | $676K | 0.03% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $592K | $587K | 0.03% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $527K | $521K | 0.10% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $360K | $356K | 0.00% |
| FHYS Federated Hermes Short Duration High Yield ETF | 2026-05-31 | 1 | $250K | $248K | 0.48% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $121K | $120K | 0.02% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $105K | $104K | 0.00% |
| BD Russell Investments Core Plus Bond ETF | 2026-06-30 | 1 | $67K | $66K | 0.11% |
| XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $45K | $45K | 0.06% |
| XHYH BondBloxx USD High Yield Bond Healthcare Sector ETF | 2026-04-30 | 1 | $24K | $24K | 0.24% |
| EUSB iShares ESG Advanced Universal USD Bond ETF | 2026-05-31 | 1 | $20K | $20K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.93: safer than 24% of companies (25th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $1.66B |
| Debt barrier (short-term + ½ long-term debt) | $565.2M |
| Equity volatility (1 year) | 59.0% |
| Asset value / asset volatility (solved) | $2.21B / 44.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 197 bp spread prices in about 3.3% 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'' = 2.39 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ARDT'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 | $4.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 135 | $1.06B | 3 | $160K | 2 | $181K | 0 |
| 2026-03-31 | 126 | $878.3M | 1 | $34K | 1 | $22K | 0 |
| 2025-12-31 | 123 | $940.2M | 1 | $10K | 5 | $2.3M | 0 |
| 2025-09-30 | 120 | $1.41B | 0 | — | 3 | $591K | 0 |
| 2025-06-30 | 108 | $1.30B | 2 | $3K | 2 | $1.4M | 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.