Beazer Homes USA, Inc. bonds BZH
Who owns Beazer Homes USA, 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. BZH 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 |
|---|---|---|---|---|---|---|---|---|---|
| 07556QBR5 | 5.875% fixed | 2027-10-15 | USD | — | — | — | 1 | $40K | Jun 2026 |
| 07556QBT1 | 7.25% fixed | 2029-10-15 | USD | 101.31 | 6.78% | 252 bp | 21 | $25.0M | Jul 2026 |
| 07556QBS3 | 7.25% fixed | 2029-10-15 | USD | 101.28 | 6.79% | 252 bp | 1 | $1.0M | Jul 2026 |
| 07556QBU8 | 7.5% fixed | 2031-03-15 | USD | 100.64 | 7.33% | 302 bp | 14 | $21.6M | Jul 2026 |
| 07556QBV6 | 8% fixed | 2032-01-15 | USD | 102.06 | 7.53% | 317 bp | 41 | $56.9M | 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 |
|---|---|---|---|---|---|---|
| Jul 2026 | 4 | $104.5M | 101.30 | 7.06% | 277 bp | 41 |
| Jun 2026 | 4 | $100.9M | 100.36 | 7.60% | 340 bp | 66 |
| May 2026 | 3 | $243.0M | 101.04 | 6.69% | 263 bp | 19 |
| Apr 2026 | 4 | $85.7M | 100.42 | 6.88% | 303 bp | 23 |
| Mar 2026 | 3 | $63.6M | 99.53 | 7.27% | 351 bp | 27 |
| Feb 2026 | 3 | $207.4M | 101.98 | 6.62% | 305 bp | 20 |
| Jan 2026 | 4 | $89.3M | 101.21 | 6.87% | 320 bp | 23 |
| Dec 2025 | 3 | $69.0M | 101.31 | 6.60% | 299 bp | 27 |
| Nov 2025 | 3 | $199.5M | 101.61 | 6.57% | 296 bp | 20 |
| Oct 2025 | 4 | $87.3M | 101.32 | 6.84% | 326 bp | 24 |
| Sep 2025 | 3 | $89.0M | 101.38 | 6.75% | 315 bp | 27 |
| Aug 2025 | 3 | $184.3M | 101.14 | 6.92% | 319 bp | 20 |
| Jul 2025 | 4 | $66.4M | 100.64 | 7.07% | 316 bp | 26 |
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. 47 added, 34 cut, 61 new holders and 20 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 | $136.6M | $138.0M | -$1.9M |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $36.9M | $37.0M | new |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $33.7M | $33.9M | -$425K |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $20.3M | $20.6M | $2.2M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $16.5M | $16.7M | -$1.0M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.4M | $11.5M | $8.1M |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $11.1M | $11.2M | $2.5M |
| abrdn Income Credit Strategies Fund | 2026-07-31 | $10.1M | $10.3M | new |
| Fidelity Real Estate Income Fund Fidelity Securities Fund | 2026-07-31 | $8.3M | $8.4M | new |
| PGIM Active High Yield Bond ETF PGIM ETF Trust | 2026-05-29 | $8.2M | $8.2M | -$100K |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $7.6M | $7.6M | $3.6M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $6.2M | $6.2M | new |
| Janus Henderson High-Yield Fund Janus Investment Fund | 2026-06-30 | $5.9M | $5.8M | $1.2M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $5.3M | $5.4M | $3.9M |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $4.7M | $4.8M | -$8.8M |
| High Income Fund American Century Investment Trust | 2026-06-30 | $4.6M | $4.6M | $894K |
| Janus Henderson Multi-Sector Income Fund Janus Investment Fund | 2026-06-30 | $4.6M | $4.6M | new |
| BlackRock Total Return Fund BlackRock Bond Fund, Inc. | 2026-06-30 | $4.0M | $4.1M | $308K |
| Invesco BulletShares 2027 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $4.0M | $4.0M | $680K |
| Nomura High Income Fund IVY FUNDS | 2026-06-30 | $3.9M | $3.9M | new |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $3.8M | $3.9M | new |
| Diameter Dynamic Credit Fund | 2026-06-30 | $3.5M | $3.5M | first report |
| PGIM Absolute Return Bond Fund Prudential Investment Portfolios 9 | 2026-07-31 | $3.4M | $3.4M | -$275K |
| Fidelity SAI Real Estate Income Fund Fidelity Securities Fund | 2026-07-31 | $3.3M | $3.3M | new |
| PGIM Strategic Bond Fund Prudential Investment Portfolios 3 | 2026-05-29 | $3.2M | $3.3M | -$125K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares 0-5 Year High Yield Corporate Bond ETF ($2.0M), iShares iBonds 2027 Term High Yield and Income ETF ($1.8M), Greenspring Income Opportunities Fund ($1.7M), Neuberger Strategic Income Fund ($610K), Angel Oak UltraShort Income Fund ($600K), Neuberger High Yield Strategies Fund Inc. ($465K), Neuberger High Income Bond Fund ($400K), JNL/Neuberger Berman Strategic Income Fund ($235K), Invesco High Yield Systematic Bond ETF ($200K), Jackson Credit Opportunities Fund ($165K).
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 | $16.5M | $16.7M | 0.06% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $11.4M | $11.5M | 0.10% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 3 | $8.2M | $8.2M | 0.63% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $4.0M | $4.0M | 0.47% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $2.0M | $2.0M | 0.08% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 2 | $1.9M | $1.9M | 0.11% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $1.9M | $1.9M | 0.08% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 2 | $1.6M | $1.6M | 0.15% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 1 | $1.4M | $1.4M | 0.03% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $1.3M | $1.3M | 0.01% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $1.2M | $1.2M | 0.00% |
| HYBL State Street(R) Blackstone High Income ETF | 2026-06-30 | 2 | $990K | $988K | 0.17% |
| PSH PGIM Short Duration High Yield ETF | 2026-05-29 | 2 | $770K | $774K | 0.48% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $619K | $627K | 0.13% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 2 | $385K | $389K | 0.06% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.69: safer than 21% of companies (20th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $893.5M |
| Debt barrier (short-term + ½ long-term debt) | $704.6M |
| Equity volatility (1 year) | 52.1% |
| Asset value / asset volatility (solved) | $1.57B / 29.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 277 bp spread prices in about 4.6% 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'' = 6.50 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in BZH'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 | $3.8M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 180 | $657.8M | 9 | $18.9M | 9 | $29.5M | 0 |
| 2026-03-31 | 164 | $443.5M | 11 | $15.3M | 9 | $21.5M | 0 |
| 2025-12-31 | 175 | $500.1M | 10 | $13.8M | 8 | $11.1M | 0 |
| 2025-09-30 | 191 | $610.1M | 10 | $15.8M | 9 | $9.3M | 0 |
| 2025-06-30 | 192 | $583.2M | 12 | $11.5M | 12 | $24.6M | 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.