Bread Financial Holdings, Inc. bonds BFH
Who owns Bread Financial Holdings, 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. BFH 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 |
|---|---|---|---|---|---|---|---|---|---|
| 018581AR9 | 6.75% fixed | 2031-05-15 | USD | 102.00 | 6.26% | 194 bp | 35 | $53.3M | Jul 2026 |
| 018581AQ1 | 8.375% fixed | 2035-06-15 | USD | 103.48 | 7.82% | 327 bp | 30 | $26.3M | 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 | 2 | $79.6M | 102.74 | 7.04% | 260 bp | 35 |
| Jun 2026 | 2 | $135.7M | 103.32 | 6.94% | 263 bp | 51 |
| May 2026 | 2 | $88.3M | 103.46 | 6.93% | 264 bp | 28 |
| Apr 2026 | 2 | $97.6M | 103.53 | 6.93% | 282 bp | 36 |
| Mar 2026 | 2 | $108.1M | 100.19 | 7.56% | 353 bp | 55 |
| Feb 2026 | 3 | $82.5M | 102.01 | 8.05% | 398 bp | 32 |
| Jan 2026 | 2 | $107.4M | 102.83 | 7.02% | 303 bp | 36 |
| Dec 2025 | 2 | $115.4M | 103.53 | 6.90% | 298 bp | 66 |
| Nov 2025 | 3 | $84.6M | 102.34 | 8.02% | 396 bp | 30 |
| Oct 2025 | 4 | $193.0M | 104.52 | 7.44% | 389 bp | 48 |
| Sep 2025 | 2 | $90.1M | 104.71 | 7.73% | 390 bp | 37 |
| Aug 2025 | 2 | $175.4M | 105.03 | 7.70% | 372 bp | 26 |
| Jul 2025 | 3 | $144.4M | 107.31 | 7.65% | 352 bp | 37 |
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. 35 added, 27 cut, 15 new holders and 24 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $19.9M | $20.4M | $4.6M |
| Janus Henderson Multi-Sector Income Fund Janus Investment Fund | 2026-06-30 | $19.5M | $20.0M | $0 |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $17.9M | $18.8M | new |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $16.5M | $17.0M | $2.2M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.0M | $11.3M | $8.1M |
| T. Rowe Price U.S. High Yield ETF T. Rowe Price Exchange-Traded Funds, Inc. | 2026-05-31 | $9.5M | $9.8M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $9.4M | $9.6M | $0 |
| Lord Abbett Investment Grade Floating Rate Fund LORD ABBETT TRUST I | 2026-07-31 | $8.8M | $9.0M | $0 |
| Lord Abbett Floating Rate Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $8.5M | $8.9M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $8.3M | $8.4M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $7.3M | $7.5M | -$11.5M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.6M | $6.8M | $1.3M |
| AB Short Duration High Yield ETF AB Active ETFs, Inc. | 2026-05-31 | $6.6M | $6.8M | $0 |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $6.6M | $6.8M | $4.5M |
| JNL/PPM America High Yield Bond Fund JNL Series Trust | 2026-06-30 | $6.5M | $6.7M | $3.1M |
| NYLIM MacKay Strategic Bond Fund NYLIM FUNDS | 2026-07-31 | $6.2M | $6.4M | $0 |
| T. Rowe Price U.S. High Yield Fund T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $6.1M | $6.2M | -$220K |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $5.8M | $5.9M | -$138K |
| Janus Henderson High-Yield Fund Janus Investment Fund | 2026-06-30 | $4.7M | $4.8M | $0 |
| AB HIGH INCOME FUND INC | 2026-07-31 | $4.4M | $4.5M | $0 |
| RBC BlueBay High Yield Bond Fund RBC Funds Trust | 2026-06-30 | $4.3M | $4.5M | -$1.7M |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $4.3M | $4.4M | -$620K |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $4.2M | $4.3M | new |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $4.0M | $4.2M | $0 |
| American Funds Strategic Bond Fund | 2026-06-30 | $3.8M | $3.9M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): THE HARTFORD STRATEGIC INCOME FUND ($18.3M), Hartford Strategic Income ETF ($2.9M), Hartford Dynamic Bond Fund ($1.8M), Hartford Multi-Asset Income Fund ($1.3M), High Yield Fund ($700K), Columbia High Yield Bond Fund ($573K), VANGUARD MULTI-SECTOR INCOME BOND FUND ($540K), Janus Henderson Income ETF ($447K), Core Bond Fund ($405K), Columbia Income Opportunities Fund ($358K).
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 | 2 | $16.5M | $17.0M | 0.06% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $11.0M | $11.3M | 0.10% |
| THYF T. Rowe Price U.S. High Yield ETF | 2026-05-31 | 1 | $9.5M | $9.8M | 1.20% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $6.6M | $6.8M | 0.09% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $6.6M | $6.8M | 0.75% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $5.8M | $5.9M | 0.36% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $4.2M | $4.3M | 0.06% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 1 | $3.0M | $3.1M | 0.06% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 1 | $2.9M | $3.1M | 0.58% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $3.0M | $3.0M | 0.06% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 1 | $1.7M | $1.8M | 0.02% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $1.6M | $1.7M | 0.03% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $1.5M | $1.5M | 0.06% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $1.5M | $1.5M | 0.04% |
| HYBL State Street(R) Blackstone High Income ETF | 2026-06-30 | 1 | $1.4M | $1.4M | 0.25% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 260 bp spread prices in about 4.3% 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
Not available.
The stock side: 13F filings
What institutions report holding in BFH'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 | 39 | $69.2M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 407 | $4.20B | 7 | $33.5M | 7 | $22.0M | 1 |
| 2026-03-31 | 371 | $2.78B | 6 | $4.8M | 7 | $4.2M | 0 |
| 2025-12-31 | 365 | $3.40B | 6 | $8.5M | 6 | $7.0M | 1 |
| 2025-09-30 | 335 | $2.68B | 9 | $22.1M | 7 | $8.2M | 2 |
| 2025-06-30 | 326 | $2.75B | 10 | $20.6M | 8 | $8.4M | 4 |
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.