CF Industries Holdings, Inc. bonds CF
Who owns CF Industries 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. CF 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 |
|---|---|---|---|---|---|---|---|---|---|
| 12527GAF0 | 5.15% fixed | 2034-03-15 | USD | 97.87 | 5.49% | 100 bp | 10 | $7.3M | Jul 2026 |
| 12527GAL7 | 5.3% fixed | 2035-11-26 | USD | 97.77 | 5.61% | 104 bp | 17 | $16.7M | Jul 2026 |
| 12527GAD5 | 4.95% fixed | 2043-06-01 | USD | 87.42 | 6.16% | 121 bp | 16 | $17.7M | Jul 2026 |
| 12527GAE3 | 5.375% fixed | 2044-03-15 | USD | 91.45 | 6.18% | 119 bp | 12 | $4.9M | 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 | $46.7M | 94.61 | 5.88% | 112 bp | 17 |
| Jun 2026 | 4 | $259.5M | 96.41 | 5.61% | 100 bp | 36 |
| May 2026 | 4 | $137.3M | 97.17 | 5.56% | 90 bp | 25 |
| Apr 2026 | 4 | $40.3M | 96.80 | 5.59% | 109 bp | 16 |
| Mar 2026 | 4 | $269.3M | 96.35 | 5.65% | 121 bp | 41 |
| Feb 2026 | 4 | $193.5M | 98.69 | 5.39% | 106 bp | 24 |
| Jan 2026 | 4 | $35.7M | 97.30 | 5.57% | 114 bp | 16 |
| Dec 2025 | 4 | $266.8M | 96.73 | 5.63% | 125 bp | 34 |
| Nov 2025 | 5 | $180.3M | 100.33 | 5.21% | 112 bp | 27 |
| Oct 2025 | 4 | $39.9M | 98.12 | 5.38% | 115 bp | 16 |
| Sep 2025 | 4 | $297.2M | 98.25 | 5.35% | 106 bp | 30 |
| Aug 2025 | 4 | $141.6M | 96.59 | 5.56% | 113 bp | 27 |
| Jul 2025 | 4 | $44.2M | 96.24 | 5.62% | 106 bp | 16 |
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. 28 added, 41 cut, 6 new holders and 9 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $43.2M | $41.5M | $525K |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $37.2M | $37.1M | -$24.4M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $33.5M | $32.1M | $0 |
| AST Multi-Sector Fixed Income Portfolio Advanced Series Trust | 2026-06-30 | $24.7M | $22.8M | -$4.6M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $23.1M | $22.1M | -$7.0M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $20.0M | $19.8M | $0 |
| Baird Intermediate Bond Fund Baird Funds Inc | 2026-06-30 | $15.0M | $14.9M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $14.6M | $14.5M | $799K |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $14.7M | $14.2M | -$105K |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $12.5M | $12.4M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $11.6M | $11.6M | -$305K |
| iMGP Dolan McEniry Corporate Bond Fund LITMAN GREGORY FUNDS TRUST | 2026-06-30 | $10.6M | $10.6M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $10.9M | $10.2M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $9.5M | $9.4M | $1.1M |
| AST PGIM Fixed Income Central Portfolio Advanced Series Trust | 2026-06-30 | $8.9M | $8.8M | $0 |
| iShares Investment Grade Systematic Bond ETF iShares Trust | 2026-05-31 | $6.7M | $6.7M | -$471K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $6.3M | $6.1M | $130K |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $6.8M | $5.9M | $0 |
| AST Investment Grade Bond Portfolio Advanced Series Trust | 2026-06-30 | $5.6M | $5.5M | $0 |
| Brown Advisory Sustainable Bond Fund Brown Advisory Funds | 2026-06-30 | $5.6M | $5.5M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $5.9M | $5.4M | $0 |
| DFA Intermediate-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $5.7M | $5.2M | $0 |
| Transamerica Bond TRANSAMERICA FUNDS | 2026-07-31 | $4.9M | $4.8M | $2.4M |
| Multi-Manager Total Return Bond Strategies Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $4.5M | $4.3M | $0 |
| PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $4.4M | $4.3M | -$219K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO Sector Fund Series - I ($5.0M), Putnam Dynamic Asset Allocation Growth Fund ($520K), Putnam Dynamic Asset Allocation Balanced Fund ($435K), VictoryShares Corporate Bond ETF ($235K), Putnam Multi-Asset Income Fund ($120K), Transamerica PineBridge Inflation Opportunities VP ($117K), Putnam Dynamic Asset Allocation Conservative Fund ($110K), SA Franklin Allocation Moderately Aggressive Portfolio ($35K), Putnam VT Global Asset Allocation Fund ($20K).
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 | 4 | $43.2M | $41.5M | 0.01% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $37.2M | $37.1M | 0.05% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $23.1M | $22.1M | 0.07% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $14.6M | $14.5M | 0.03% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $14.7M | $14.2M | 0.01% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $11.6M | $11.6M | 0.06% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $9.5M | $9.4M | 0.08% |
| IGEB iShares Investment Grade Systematic Bond ETF | 2026-05-31 | 1 | $6.7M | $6.7M | 0.49% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $6.3M | $6.1M | 0.04% |
| CORP PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $4.4M | $4.3M | 0.27% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $4.2M | $3.9M | 0.04% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $3.8M | $3.6M | 0.01% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 2 | $3.3M | $3.3M | 0.03% |
| AVIG Avantis Core Fixed Income ETF | 2026-05-31 | 1 | $2.1M | $2.1M | 0.11% |
| BLV VANGUARD LONG-TERM BOND INDEX FUND | 2026-06-30 | 2 | $2.2M | $2.0M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.27: safer than 60% of companies (66th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $17.95B |
| Debt barrier (short-term + ½ long-term debt) | $1.61B |
| Equity volatility (1 year) | 42.6% |
| Asset value / asset volatility (solved) | $19.49B / 39.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 112 bp spread prices in about 1.9% 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'' = 4.77 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CF'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 | 117 | $263.1M | 0 | — | 1 | $323K | 0 |
| 2026-06-30 | 952 | $15.71B | 27 | $330.3M | 29 | $486.5M | 0 |
| 2026-03-31 | 902 | $14.94B | 34 | $683.4M | 35 | $707.8M | 0 |
| 2025-12-31 | 795 | $11.22B | 27 | $284.8M | 22 | $179.2M | 0 |
| 2025-09-30 | 780 | $13.37B | 30 | $375.7M | 26 | $272.6M | 0 |
| 2025-06-30 | 790 | $14.40B | 37 | $398.2M | 32 | $578.4M | 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.