Core & Main, Inc. bonds CNM
Who owns Core & Main, 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. CNM 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 |
|---|---|---|---|---|---|---|---|---|---|
| BL1001YA0 | 0% fixed | 2033-06-25 | USD | — | — | — | 2 | $409K | Jun 2026 |
| 21867FAC8 | 6% fixed | 2034-07-01 | USD | 99.47 | 6.08% | 158 bp | 67 | $77.2M | 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 | 1 | $77.2M | 99.47 | 6.08% | 158 bp | 67 |
| Jun 2026 | 2 | $183.4M | 100.49 | 5.92% | 155 bp | 113 |
| May 2024 | 1 | $1.5M | 100.38 | — | — | 1 |
| Feb 2024 | 1 | $1.5M | 99.62 | — | — | 1 |
| Nov 2023 | 1 | $1.5M | 99.83 | — | — | 1 |
| Aug 2023 | 1 | $1.5M | 99.67 | — | — | 1 |
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. 0 added, 0 cut, 179 new holders and 0 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $59.0M | $59.3M | new |
| American High Income Trust | 2026-06-30 | $18.9M | $19.0M | new |
| Artisan High Income Fund Artisan Partners Funds Inc. | 2026-06-30 | $10.7M | $10.7M | new |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $10.8M | $10.7M | new |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $8.4M | $8.3M | new |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $8.1M | $8.0M | new |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $7.2M | $7.2M | new |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $6.6M | $6.6M | new |
| BlackRock Corporate High Yield Fund, Inc. | 2026-06-30 | $5.0M | $5.1M | new |
| Western Asset Management Strategic Bond Opportunities Portfolio Brighthouse Funds Trust II | 2026-06-30 | $4.6M | $4.6M | new |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $4.5M | $4.5M | new |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $4.2M | $4.2M | new |
| First Trust Tactical High Yield ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $4.2M | $4.2M | new |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $4.1M | $4.1M | new |
| Asset Allocation Fund AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $4.0M | $4.0M | new |
| BlackRock High Yield V.I. Fund BlackRock Variable Series Funds II, Inc. | 2026-06-30 | $3.8M | $3.8M | new |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $3.6M | $3.6M | new |
| TCW Flexible Income ETF TCW ETF Trust | 2026-07-31 | $3.4M | $3.4M | new |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $3.3M | $3.3M | new |
| BlackRock Multi-Asset Income Portfolio BlackRock Funds II | 2026-07-31 | $2.7M | $2.7M | new |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $2.7M | $2.7M | new |
| Loomis Sayles Income Fund LOOMIS SAYLES FUNDS I | 2026-06-30 | $2.6M | $2.6M | new |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $2.6M | $2.6M | new |
| Transamerica High Yield Bond TRANSAMERICA FUNDS | 2026-07-31 | $2.5M | $2.5M | new |
| BlackRock High Yield Portfolio Brighthouse Funds Trust I | 2026-06-30 | $2.3M | $2.3M | new |
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 |
|---|---|---|---|---|---|
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 1 | $4.2M | $4.2M | 0.26% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $2.6M | $2.6M | 0.01% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $1.4M | $1.4M | 0.01% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $1.4M | $1.4M | 0.02% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $805K | $801K | 0.00% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 1 | $549K | $551K | 0.01% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $455K | $452K | 0.04% |
| CGHY Capital Group High Yield Bond ETF | 2026-06-30 | 1 | $400K | $402K | 0.36% |
| HYBL State Street(R) Blackstone High Income ETF | 2026-06-30 | 1 | $320K | $321K | 0.06% |
| VGHY VANGUARD HIGH-YIELD ACTIVE ETF | 2026-07-31 | 1 | $260K | $259K | 0.08% |
| CPLB NYLIM MacKay Core Plus Bond ETF | 2026-07-31 | 1 | $145K | $144K | 0.04% |
| XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $110K | $109K | 0.15% |
| VGMS VANGUARD MULTI-SECTOR INCOME BOND ETF | 2026-06-30 | 1 | $95K | $95K | 0.04% |
| BKHY BNY Mellon High Yield ETF | 2026-07-31 | 1 | $82K | $82K | 0.05% |
| NUHY Nuveen ESG High Yield Corporate Bond ETF | 2026-07-31 | 1 | $76K | $76K | 0.07% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.01: safer than 66% of companies (67th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-08-02.
| Equity value | $7.68B |
| Debt barrier (short-term + ½ long-term debt) | $1.23B |
| Equity volatility (1 year) | 32.5% |
| Asset value / asset volatility (solved) | $8.86B / 28.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 158 bp spread prices in about 2.6% 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'' = 3.32 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CNM'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 | 38 | $54.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 440 | $9.28B | 5 | $19.7M | 7 | $30.6M | 0 |
| 2026-03-31 | 453 | $8.38B | 6 | $3.0M | 10 | $23.8M | 0 |
| 2025-12-31 | 421 | $10.03B | 11 | $9.7M | 13 | $35.5M | 0 |
| 2025-09-30 | 417 | $11.03B | 11 | $24.2M | 21 | $93.1M | 0 |
| 2025-06-30 | 435 | $12.15B | 9 | $23.4M | 12 | $69.8M | 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.