Cardinal Health, Inc. bonds CAH
Who owns Cardinal 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. CAH 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 |
|---|---|---|---|---|---|---|---|---|---|
| 14149YBQ0 | 4.7% fixed | 2026-11-15 | USD | 100.13 | 4.22% | 48 bp | 10 | $79.6M | Jul 2026 |
| 14149YBJ6 | 3.41% fixed | 2027-06-15 | USD | 99.11 | 4.45% | 45 bp | 9 | $44.9M | Jul 2026 |
| 14149YBN7 | 5.125% fixed | 2029-02-15 | USD | 100.78 | 4.79% | 55 bp | 13 | $58.3M | Jul 2026 |
| 14149YBR8 | 5% fixed | 2029-11-15 | USD | 100.41 | 4.86% | 59 bp | 22 | $79.7M | Jul 2026 |
| 14149YBU1 | 4.5% fixed | 2030-09-15 | USD | 98.33 | 4.95% | 65 bp | 22 | $12.3M | Jul 2026 |
| 14149YBP2 | 5.45% fixed | 2034-02-15 | USD | 100.38 | 5.39% | 90 bp | 8 | $3.5M | Jul 2026 |
| 14149YBS6 | 5.35% fixed | 2034-11-15 | USD | 99.30 | 5.45% | 93 bp | 15 | $47.2M | Jul 2026 |
| 14149YBV9 | 5.15% fixed | 2035-09-15 | USD | 97.74 | 5.47% | 91 bp | 10 | $4.7M | Jul 2026 |
| 14149YAW8 | 4.6% fixed | 2043-03-15 | USD | 84.09 | 6.14% | 120 bp | 7 | $2.4M | Jul 2026 |
| 14149YBB3 | 4.5% fixed | 2044-11-15 | USD | 81.24 | 6.23% | 121 bp | 6 | $996K | Jul 2026 |
| 14149YBD9 | 4.9% fixed | 2045-09-15 | USD | 85.75 | 6.18% | 111 bp | 7 | $1.0M | Jul 2026 |
| 14149YBM9 | 4.368% fixed | 2047-06-15 | USD | 79.00 | 6.17% | 106 bp | 4 | $1.4M | Jul 2026 |
| 14149YBT4 | 5.75% fixed | 2054-11-15 | USD | 94.73 | 6.14% | 104 bp | 6 | $1.7M | 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 | 13 | $337.7M | 98.33 | 5.47% | 93 bp | 22 |
| Jun 2026 | 13 | $369.5M | 99.44 | 5.17% | 77 bp | 36 |
| May 2026 | 13 | $437.2M | 99.17 | 5.20% | 78 bp | 33 |
| Apr 2026 | 13 | $337.3M | 99.44 | 5.20% | 95 bp | 23 |
| Mar 2026 | 13 | $440.8M | 99.14 | 5.24% | 106 bp | 31 |
| Feb 2026 | 13 | $427.2M | 100.85 | 4.81% | 75 bp | 32 |
| Jan 2026 | 13 | $321.1M | 100.65 | 4.98% | 83 bp | 22 |
| Dec 2025 | 13 | $444.2M | 100.65 | 4.93% | 87 bp | 30 |
| Nov 2025 | 13 | $430.9M | 101.00 | 4.86% | 83 bp | 31 |
| Oct 2025 | 13 | $335.1M | 100.67 | 4.94% | 96 bp | 22 |
| Sep 2025 | 13 | $478.0M | 100.33 | 4.97% | 92 bp | 37 |
| Aug 2025 | 14 | $523.5M | 99.64 | 5.14% | 95 bp | 28 |
| Jul 2025 | 12 | $359.2M | 99.03 | 5.20% | 86 bp | 22 |
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. 60 added, 70 cut, 3 new holders and 16 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Navigator Tactical Fixed Income Fund Northern Lights Fund Trust | 2026-07-31 | $83.5M | $83.4M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $80.8M | $81.3M | -$932K |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $77.3M | $74.2M | -$10.1M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $75.5M | $72.5M | -$9.5M |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $71.2M | $71.0M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $68.1M | $68.8M | $12.6M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $57.2M | $57.1M | -$1.4M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $40.0M | $39.7M | -$3.0M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $32.2M | $31.0M | $240K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $18.7M | $18.8M | -$185K |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $16.1M | $16.3M | $275K |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $16.3M | $16.2M | $0 |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $15.0M | $15.2M | -$25.2M |
| Transamerica Short-Term Bond TRANSAMERICA FUNDS | 2026-07-31 | $14.6M | $14.7M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $15.0M | $14.6M | $1.1M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.4M | $13.6M | $2.4M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.1M | $13.3M | -$548K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $13.2M | $13.2M | -$3.8M |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $12.4M | $12.3M | $187K |
| VANGUARD INSTITUTIONAL SHORT-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $11.8M | $11.7M | $0 |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $11.3M | $11.4M | -$5.7M |
| iShares iBonds Dec 2029 Term Corporate ETF iShares Trust | 2026-07-31 | $10.9M | $11.0M | $429K |
| Goldman Sachs Short Duration Bond Fund GOLDMAN SACHS TRUST | 2026-06-30 | $10.6M | $10.6M | $0 |
| THE HARTFORD BALANCED INCOME FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $10.2M | $10.3M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $9.9M | $10.0M | $780K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): College Retirement Equities Fund - Core Bond Account ($4.6M), Nuveen Core Bond Fund ($3.7M), First Trust Limited Duration Investment Grade Corporate ETF ($3.2M), Nuveen Core Plus Bond Fund ($1.6M), VANGUARD GLOBAL CREDIT BOND FUND ($785K), Transamerica Long Credit ($759K), AB GLOBAL BOND FUND, INC. ($686K), Muzinich Dynamic Income Fund ($575K), Strategic Bond Fund ($275K), LVIP SSGA Short-Term Bond Index Fund ($250K).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 10 | $77.3M | $74.2M | 0.02% |
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 2 | $71.2M | $71.0M | 0.18% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $68.1M | $68.8M | 0.10% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $57.2M | $57.1M | 0.11% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 12 | $32.2M | $31.0M | 0.02% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $18.7M | $18.8M | 0.09% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $16.1M | $16.3M | 0.03% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 12 | $15.0M | $14.6M | 0.08% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $13.4M | $13.6M | 0.05% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $13.1M | $13.3M | 0.07% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 3 | $13.2M | $13.2M | 0.02% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $12.4M | $12.3M | 0.27% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 2 | $10.9M | $11.0M | 0.27% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 3 | $9.9M | $10.0M | 0.09% |
| RAVI FlexShares Ultra-Short Income Fund | 2026-07-31 | 1 | $10.0M | $9.9M | 0.66% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 9.33: safer than 79% of companies (76th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $58.46B |
| Debt barrier (short-term + ½ long-term debt) | $5.27B |
| Equity volatility (1 year) | 29.1% |
| Asset value / asset volatility (solved) | $63.51B / 26.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 93 bp spread prices in about 1.6% 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'' = -0.23 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CAH'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 | 223 | $498.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,478 | $47.31B | 24 | $488.0M | 27 | $511.7M | 0 |
| 2026-03-31 | 1,406 | $33.28B | 28 | $314.3M | 24 | $396.7M | 0 |
| 2025-12-31 | 1,385 | $40.86B | 26 | $334.2M | 26 | $360.7M | 1 |
| 2025-09-30 | 1,204 | $31.72B | 28 | $321.6M | 28 | $367.5M | 0 |
| 2025-06-30 | 1,232 | $33.58B | 28 | $339.2M | 26 | $391.2M | 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.