Alliance Resource Partners, L.P. bonds ARLP
Who owns Alliance Resource Partners, L.P.'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. ARLP 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 |
|---|---|---|---|---|---|---|---|---|---|
| 01879NAC9 | 8.625% fixed | 2029-06-15 | USD | 104.35 | 6.92% | 267 bp | 27 | $95.5M | 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 | $95.5M | 104.35 | 6.92% | 267 bp | 27 |
| Jun 2026 | 1 | $72.8M | 104.61 | 6.88% | 273 bp | 28 |
| May 2026 | 1 | $37.0M | 104.53 | 6.94% | 290 bp | 16 |
| Apr 2026 | 1 | $94.3M | 104.51 | 6.99% | 316 bp | 28 |
| Mar 2026 | 1 | $64.7M | 103.94 | 7.22% | 348 bp | 28 |
| Feb 2026 | 1 | $23.2M | 105.54 | 6.72% | 317 bp | 14 |
| Jan 2026 | 1 | $96.6M | 105.46 | 6.78% | 314 bp | 32 |
| Dec 2025 | 1 | $67.5M | 105.76 | 6.73% | 314 bp | 34 |
| Nov 2025 | 1 | $23.8M | 105.71 | 6.78% | 319 bp | 14 |
| Oct 2025 | 1 | $93.7M | 105.86 | 6.77% | 320 bp | 32 |
| Sep 2025 | 1 | $66.3M | 105.86 | 6.80% | 321 bp | 35 |
| Aug 2025 | 1 | $22.8M | 105.72 | 6.88% | 316 bp | 13 |
| Jul 2025 | 1 | $90.7M | 105.84 | 6.88% | 299 bp | 31 |
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. 13 added, 4 cut, 5 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $19.2M | $20.1M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $18.7M | $19.5M | $0 |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $18.0M | $18.8M | $0 |
| Intrepid Income Fund Intrepid Capital Management Funds Trust | 2026-06-30 | $16.8M | $17.6M | $6.3M |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $12.6M | $13.2M | $0 |
| Lord Abbett Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $12.0M | $12.5M | $2.0M |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $10.9M | $11.4M | new |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $9.2M | $9.6M | $1.2M |
| Income Fund of America | 2026-07-31 | $8.6M | $9.0M | $0 |
| Virtus Newfleet Short Duration High Income Fund Virtus Strategy Trust | 2026-06-30 | $6.5M | $6.8M | $0 |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $6.2M | $6.5M | $1.5M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.5M | $5.7M | $487K |
| Victory Pioneer High Yield Fund Victory Portfolios IV | 2026-07-31 | $4.7M | $4.9M | $0 |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $3.6M | $3.8M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $3.5M | $3.6M | $35K |
| Advent Convertible & Income Fund ADVENT CONVERTIBLE & INCOME FUND | 2026-07-31 | $2.9M | $3.0M | $0 |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $2.9M | $3.0M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $2.6M | $2.8M | $0 |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $2.4M | $2.5M | -$504K |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $2.3M | $2.4M | -$100K |
| Boyd Watterson Limited Duration Enhanced Income Fund NORTHERN LIGHTS FUND TRUST III | 2026-06-30 | $2.0M | $2.1M | $0 |
| Harbor Ares Systematic High Yield ETF Harbor ETF Trust | 2026-07-31 | $1.7M | $1.8M | $0 |
| Angel Oak Multi-Strategy Income Fund Angel Oak Funds Trust | 2026-07-31 | $1.6M | $1.6M | -$20K |
| THRIVENT CORE HIGH YIELD BOND FUND Thrivent Core Funds | 2026-07-31 | $1.6M | $1.6M | $0 |
| Destinations Global Fixed Income Opportunities Fund Brinker Capital Destinations Trust | 2026-05-31 | $1.3M | $1.4M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Blackstone Strategic Credit 2027 Term Fund ($620K), State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF ($527K), Voya Multi-Sector Income ETF ($350K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($278K).
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 | $9.2M | $9.6M | 0.03% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $5.5M | $5.7M | 0.05% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $3.5M | $3.6M | 0.05% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $2.4M | $2.5M | 0.16% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $2.3M | $2.4M | 0.22% |
| SIHY Harbor Ares Systematic High Yield ETF | 2026-07-31 | 1 | $1.7M | $1.8M | 1.19% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.1M | $1.2M | 0.05% |
| CARY Angel Oak Income ETF | 2026-07-31 | 1 | $1.0M | $1.1M | 0.08% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $997K | $1.0M | 0.04% |
| AOHY Angel Oak High Yield Opportunities ETF | 2026-07-31 | 1 | $780K | $814K | 0.65% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 1 | $762K | $796K | 0.15% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $695K | $725K | 0.15% |
| NFLT Virtus Newfleet Multi-Sector Bond ETF | 2026-07-31 | 1 | $515K | $538K | 0.12% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $415K | $433K | 0.00% |
| SYSB iShares Systematic Bond ETF | 2026-07-31 | 1 | $388K | $405K | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 12.46: safer than 88% of companies (93th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.31B |
| Debt barrier (short-term + ½ long-term debt) | $330.3M |
| Equity volatility (1 year) | 21.3% |
| Asset value / asset volatility (solved) | $3.62B / 19.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 267 bp spread prices in about 4.5% 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'' = 2.85 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ARLP'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 | 15 | $20.1M | 0 | — | 1 | $486K | 0 |
| 2026-06-30 | 168 | $467.3M | 6 | $11.9M | 8 | $39.9M | 0 |
| 2026-03-31 | 180 | $602.4M | 6 | $19.6M | 8 | $48.4M | 0 |
| 2025-12-31 | 167 | $494.3M | 5 | $7.6M | 8 | $30.5M | 0 |
| 2025-09-30 | 160 | $534.8M | 6 | $10.3M | 8 | $34.5M | 0 |
| 2025-06-30 | 161 | $539.0M | 8 | $14.3M | 10 | $51.6M | 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.