Builders FirstSource, Inc. bonds BLDR
Who owns Builders FirstSource, 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. BLDR 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 |
|---|---|---|---|---|---|---|---|---|---|
| 12008RAN7 | 5% fixed | 2030-03-01 | USD | 96.94 | 5.96% | 168 bp | 35 | $50.6M | Jul 2026 |
| 12008RAP2 | 4.25% fixed | 2032-02-01 | USD | 91.04 | 6.20% | 184 bp | 43 | $158.5M | Jul 2026 |
| 12008RAR8 | 6.375% fixed | 2032-06-15 | USD | 99.45 | 6.49% | 210 bp | 22 | $31.6M | Jul 2026 |
| 12008RAS6 | 6.375% fixed | 2034-03-01 | USD | 98.18 | 6.68% | 220 bp | 39 | $87.2M | Jul 2026 |
| 12008RAT4 | 6.75% fixed | 2035-05-15 | USD | 99.03 | 6.90% | 235 bp | 55 | $93.9M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $119K | 99.00 | 6.55% | 200 bp | 1 |
| Jul 2026 | 5 | $421.9M | 98.18 | 6.49% | 210 bp | 55 |
| Jun 2026 | 5 | $388.4M | 101.12 | 6.07% | 180 bp | 81 |
| May 2026 | 5 | $365.8M | 99.90 | 6.19% | 196 bp | 45 |
| Apr 2026 | 5 | $399.3M | 99.56 | 6.23% | 219 bp | 47 |
| Mar 2026 | 5 | $377.4M | 98.80 | 6.38% | 242 bp | 75 |
| Feb 2026 | 5 | $369.4M | 102.77 | 5.84% | 193 bp | 44 |
| Jan 2026 | 5 | $399.7M | 103.08 | 5.79% | 175 bp | 56 |
| Dec 2025 | 5 | $449.3M | 103.44 | 5.69% | 184 bp | 95 |
| Nov 2025 | 5 | $381.6M | 104.00 | 5.61% | 180 bp | 48 |
| Oct 2025 | 5 | $402.0M | 103.59 | 5.71% | 189 bp | 61 |
| Sep 2025 | 5 | $470.8M | 103.05 | 5.75% | 192 bp | 100 |
| Aug 2025 | 5 | $399.5M | 103.00 | 5.80% | 179 bp | 49 |
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. 90 added, 73 cut, 34 new holders and 19 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $118.9M | $112.0M | $31.8M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $83.4M | $80.2M | $4.6M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $59.5M | $58.1M | -$1.7M |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $52.0M | $52.6M | $0 |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $38.8M | $37.2M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $37.8M | $37.1M | $6.2M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $30.0M | $29.7M | $6.8M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $28.7M | $27.9M | $2.9M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $27.0M | $25.7M | -$9.6M |
| Performance Trust Total Return Bond Fund Trust for Professional Managers | 2026-05-31 | $23.7M | $22.9M | $2.8M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $22.5M | $22.6M | -$765K |
| High Income Fund American Century Investment Trust | 2026-06-30 | $18.2M | $17.9M | $125K |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $19.4M | $17.7M | $1.4M |
| First Trust Tactical High Yield ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $16.7M | $16.5M | -$9.9M |
| Nomura High Income Fund IVY FUNDS | 2026-06-30 | $14.8M | $14.6M | new |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $13.2M | $12.9M | $750K |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $12.9M | $12.6M | -$1.4M |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $12.9M | $12.1M | $255K |
| HIGH INCOME OPPORTUNITIES PORTFOLIO High Income Opportunities Portfolio | 2026-07-31 | $11.7M | $10.9M | $3.8M |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $11.1M | $10.7M | $185K |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $10.7M | $10.7M | $2.9M |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $10.9M | $10.6M | $0 |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $10.9M | $10.3M | $0 |
| Fidelity SAI High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $10.2M | $9.8M | $595K |
| AB HIGH INCOME FUND INC | 2026-07-31 | $10.1M | $9.8M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett High Yield Fund ($7.2M), Lord Abbett Short Duration High Yield Fund ($5.8M), Hartford Dynamic Bond Fund ($3.9M), First Trust Intermediate Duration Investment Grade Corporate ETF ($2.2M), Western Asset Management Strategic Bond Opportunities Portfolio ($2.2M), Putnam High Yield Fund ($2.2M), Western Asset SMASh Series Core Plus Completion Fund ($1.5M), Nationwide Bond Portfolio ($1.4M), WisdomTree U.S. High Yield Corporate Bond Fund ($1.1M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($678K).
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 | 5 | $83.4M | $80.2M | 0.28% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 5 | $59.5M | $58.1M | 0.36% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 5 | $37.8M | $37.1M | 0.33% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 4 | $30.0M | $29.7M | 0.40% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 2 | $16.7M | $16.5M | 1.02% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 5 | $12.9M | $12.6M | 0.36% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 5 | $8.6M | $8.4M | 0.35% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $7.6M | $7.7M | 0.47% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 5 | $7.4M | $7.3M | 0.29% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 4 | $7.1M | $7.1M | 0.08% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $7.1M | $6.7M | 0.05% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $6.6M | $6.6M | 0.30% |
| FTSL First Trust Senior Loan Fund | 2026-07-31 | 1 | $5.6M | $5.1M | 0.22% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 3 | $4.9M | $4.9M | 0.02% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $5.0M | $4.8M | 0.06% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.42: safer than 30% of companies (34th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $5.70B |
| Debt barrier (short-term + ½ long-term debt) | $2.30B |
| Equity volatility (1 year) | 49.2% |
| Asset value / asset volatility (solved) | $7.91B / 35.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 210 bp spread prices in about 3.5% 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 = 2.02 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in BLDR'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 | 49 | $19.6M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 656 | $9.45B | 20 | $116.7M | 21 | $200.1M | 0 |
| 2026-03-31 | 707 | $7.39B | 23 | $109.6M | 21 | $176.9M | 0 |
| 2025-12-31 | 754 | $10.46B | 25 | $150.8M | 22 | $159.5M | 1 |
| 2025-09-30 | 768 | $13.63B | 25 | $212.5M | 22 | $203.2M | 1 |
| 2025-06-30 | 756 | $12.54B | 26 | $208.7M | 24 | $199.7M | 1 |
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.