Cogent Communications Holdings, Inc. bonds CCOI
Who owns Cogent Communications 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. CCOI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 19240CAE3 | 7% fixed | 2027-06-15 | USD | 98.62 | 8.65% | 466 bp | 21 | $35.4M | Jul 2026 |
| 19240WAA7 | 7% fixed | 2027-06-15 | USD | 98.72 | 8.53% | 454 bp | 15 | $35.8M | Jul 2026 |
| U1928QAB2 | 6.5% fixed | 2032-07-01 | USD | 89.12 | 8.90% | 451 bp | 1 | $219K | Jul 2026 |
| 19240WAB5 | 6.5% fixed | 2032-07-01 | USD | 89.04 | 8.92% | 453 bp | 24 | $29.7M | 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 | 4 | $101.2M | 93.87 | 8.91% | 452 bp | 24 |
| Jun 2026 | 3 | $352.8M | 99.30 | 8.65% | 438 bp | 55 |
| May 2026 | 3 | $80.1M | 99.70 | 7.30% | 350 bp | 27 |
| Apr 2026 | 4 | $153.0M | 96.13 | 7.77% | 390 bp | 33 |
| Mar 2026 | 3 | $323.7M | 98.78 | 8.07% | 439 bp | 53 |
| Feb 2026 | 3 | $80.7M | 98.15 | 8.53% | 505 bp | 30 |
| Jan 2026 | 3 | $153.7M | 99.39 | 7.46% | 394 bp | 37 |
| Dec 2025 | 3 | $331.7M | 100.14 | 6.89% | 337 bp | 54 |
| Nov 2025 | 3 | $78.7M | 99.00 | 7.69% | 409 bp | 30 |
| Oct 2025 | 3 | $150.5M | 99.68 | 7.20% | 359 bp | 35 |
| Sep 2025 | 3 | $312.4M | 99.79 | 7.07% | 347 bp | 54 |
| Aug 2025 | 3 | $80.8M | 99.39 | 7.36% | 346 bp | 33 |
| Jul 2025 | 3 | $90.4M | 100.11 | 6.86% | 295 bp | 32 |
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. 55 added, 37 cut, 8 new holders and 19 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $41.3M | $37.2M | -$2.4M |
| PIMCO CORPORATE & INCOME OPPORTUNITY FUND | 2026-06-30 | $27.8M | $26.5M | $3.8M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $26.7M | $24.7M | -$2.2M |
| BrandywineGLOBAL - CORPORATE CREDIT FUND Legg Mason Partners Investment Trust | 2026-06-30 | $26.8M | $24.1M | -$1.1M |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $25.3M | $23.0M | $3.0M |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $22.7M | $21.7M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $21.9M | $20.7M | $94K |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $15.0M | $14.9M | $0 |
| PIMCO HIGH INCOME FUND | 2026-06-30 | $15.1M | $14.6M | -$1.8M |
| PIMCO Flexible Credit Income Fund | 2026-06-30 | $14.0M | $13.9M | $10.2M |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $14.0M | $13.8M | $400K |
| Fidelity SAI High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $13.4M | $13.2M | $1.5M |
| PIMCO Dynamic Income Fund | 2026-06-30 | $12.6M | $12.5M | $5.5M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $12.1M | $11.5M | -$1.1M |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $11.1M | $11.0M | $0 |
| Thornburg Investment Income Builder Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $10.0M | $9.9M | $0 |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $9.8M | $9.8M | $1.7M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $9.4M | $9.4M | -$320K |
| Franklin High Yield Corporate ETF Franklin Templeton ETF Trust | 2026-06-30 | $10.1M | $9.4M | $1.8M |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $9.2M | $8.6M | -$610K |
| Invesco BulletShares 2027 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $8.6M | $8.5M | $1.4M |
| PIMCO CORPORATE & INCOME STRATEGY FUND | 2026-06-30 | $8.3M | $7.9M | $500K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.8M | $7.4M | -$2.3M |
| PIMCO Income Strategy Fund II | 2026-06-30 | $7.2M | $6.8M | $200K |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $6.8M | $6.4M | -$660K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Guggenheim Strategic Opportunities Fund ($7.5M), Goldman Sachs High Yield Fund ($5.7M), NYLI MacKay Strategic Bond Fund ($4.0M), DWS High Income Fund ($2.4M), NYLIM VP MacKay Strategic Bond Portfolio ($1.7M), Guggenheim Active Allocation Fund ($1.4M), NYLI MacKay Total Return Bond Fund ($1.2M), Multi-Manager High Yield Bond Fund ($1.0M), NYLI Income Builder Fund ($950K), NYLIM VP Income Builder Portfolio ($510K).
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 | $21.9M | $20.7M | 0.07% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $12.1M | $11.5M | 0.07% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 2 | $10.1M | $9.4M | 0.80% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 2 | $8.6M | $8.5M | 1.01% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $7.8M | $7.4M | 0.07% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 3 | $6.8M | $6.4M | 0.38% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 2 | $6.0M | $6.0M | 0.02% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $4.6M | $4.5M | 0.06% |
| IBHG iShares iBonds 2027 Term High Yield and Income ETF | 2026-07-31 | 2 | $4.1M | $4.0M | 0.80% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $3.1M | $3.0M | 0.09% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $2.8M | $2.8M | 0.12% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $2.9M | $2.6M | 0.04% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $2.5M | $2.4M | 0.10% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $2.0M | $2.0M | 0.04% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $1.3M | $1.3M | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 0.68: safer than 6% of companies (8th percentile in Communication Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $393.3M |
| Debt barrier (short-term + ½ long-term debt) | $1.22B |
| Equity volatility (1 year) | 100.8% |
| Asset value / asset volatility (solved) | $1.52B / 31.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 452 bp spread prices in about 7.5% 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'' = -1.26 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CCOI'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 | 16 | $1.6M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 216 | $652.2M | 10 | $13.0M | 10 | $10.4M | 0 |
| 2026-03-31 | 214 | $808.7M | 15 | $22.1M | 15 | $105.6M | 0 |
| 2025-12-31 | 237 | $1.04B | 12 | $14.6M | 18 | $51.3M | 0 |
| 2025-09-30 | 262 | $1.95B | 17 | $26.8M | 13 | $23.9M | 0 |
| 2025-06-30 | 283 | $2.30B | 12 | $25.5M | 15 | $24.6M | 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.