Compass Diversified bonds CODI
Who owns Compass Diversified'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. CODI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 20451RAB8 | 5.25% fixed | 2029-04-15 | USD | 95.29 | 7.19% | 294 bp | 39 | $176.0M | Jul 2026 |
| 20451RAC6 | 5% fixed | 2032-01-15 | USD | 91.84 | 6.82% | 246 bp | 8 | $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 | 2 | $205.6M | 93.56 | 7.00% | 270 bp | 39 |
| Jun 2026 | 2 | $379.4M | 93.12 | 7.06% | 287 bp | 54 |
| May 2026 | 2 | $37.6M | 92.37 | 7.18% | 306 bp | 19 |
| Apr 2026 | 2 | $192.3M | 91.79 | 7.35% | 344 bp | 37 |
| Mar 2026 | 2 | $353.5M | 90.04 | 7.84% | 401 bp | 53 |
| Feb 2026 | 2 | $31.0M | 91.14 | 7.50% | 384 bp | 18 |
| Jan 2026 | 2 | $196.1M | 91.27 | 7.45% | 370 bp | 35 |
| Dec 2025 | 2 | $327.4M | 91.44 | 7.41% | 372 bp | 51 |
| Nov 2025 | 2 | $32.5M | 91.33 | 7.36% | 368 bp | 15 |
| Oct 2025 | 2 | $181.4M | 89.47 | 7.91% | 425 bp | 36 |
| Sep 2025 | 2 | $318.9M | 91.04 | 7.40% | 371 bp | 49 |
| Aug 2025 | 2 | $25.7M | 90.39 | 7.52% | 370 bp | 15 |
| Jul 2025 | 2 | $209.3M | 90.30 | 7.45% | 346 bp | 41 |
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. 34 added, 13 cut, 9 new holders and 5 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $125.4M | $118.7M | $2.4M |
| Income Fund of America | 2026-07-31 | $93.2M | $87.9M | $2.4M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $64.9M | $61.4M | $475K |
| CrossingBridge Low Duration High Income Fund Trust for Professional Managers | 2026-06-30 | $40.6M | $38.7M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $26.0M | $24.6M | $3.9M |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $23.9M | $22.5M | $4.3M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $23.2M | $22.1M | $4.0M |
| American Funds Strategic Bond Fund | 2026-06-30 | $20.4M | $19.1M | $1.1M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $18.0M | $17.2M | -$1.9M |
| Weitz Core Plus Income Fund Weitz Funds | 2026-06-30 | $17.8M | $16.9M | $507K |
| RiverPark Strategic Income Fund Trust for Professional Managers | 2026-06-30 | $15.6M | $14.9M | $412K |
| Capital Group Core Plus Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $15.0M | $14.2M | $2.0M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $14.5M | $13.9M | $594K |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $14.3M | $13.2M | $0 |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $10.6M | $10.1M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $9.1M | $8.7M | $70K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.1M | $7.7M | $1.9M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.8M | $7.4M | $1.6M |
| AB HIGH INCOME FUND INC | 2026-07-31 | $7.4M | $7.1M | $0 |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $6.6M | $6.3M | new |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $6.5M | $6.2M | $0 |
| Destinations Global Fixed Income Opportunities Fund Brinker Capital Destinations Trust | 2026-05-31 | $6.4M | $6.2M | $0 |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $6.2M | $5.9M | new |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $5.5M | $5.3M | -$430K |
| American High Income Trust AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $4.5M | $4.3M | $111K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): State Street(R) SPDR(R) Bloomberg High Yield Bond ETF ($5.1M), Nuveen Global High Income Fund ($1.0M), ProShares High Yield-Interest Rate Hedged ($394K), BlackRock Multi-Sector Income Trust ($281K), Nuveen Multi-Asset Income Fund ($272K).
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 | 2 | $26.0M | $24.6M | 0.09% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 2 | $23.9M | $22.5M | 0.44% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 2 | $15.0M | $14.2M | 0.17% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $14.5M | $13.9M | 0.09% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $9.1M | $8.7M | 0.11% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $8.1M | $7.7M | 0.16% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $7.8M | $7.4M | 0.07% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $6.6M | $6.3M | 0.39% |
| XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $3.4M | $3.2M | 1.21% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $1.9M | $1.8M | 0.36% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.5M | $1.5M | 0.00% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $1.1M | $1.0M | 0.12% |
| SYSB iShares Systematic Bond ETF | 2026-07-31 | 1 | $919K | $875K | 0.08% |
| HYFI AB High Yield ETF | 2026-05-31 | 1 | $817K | $782K | 0.23% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $752K | $716K | 0.07% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 1.85: safer than 13% of companies (11th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $759.1M |
| Debt barrier (short-term + ½ long-term debt) | $812.6M |
| Equity volatility (1 year) | 67.0% |
| Asset value / asset volatility (solved) | $1.53B / 33.6% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 270 bp spread prices in about 4.5% 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'' = -0.13 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CODI'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 | $1.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 177 | $596.2M | 7 | $2.2M | 13 | $220.1M | 0 |
| 2026-03-31 | 165 | $417.9M | 6 | $2.4M | 10 | $47.9M | 0 |
| 2025-12-31 | 164 | $243.0M | 8 | $3.3M | 6 | $6.6M | 0 |
| 2025-09-30 | 209 | $321.6M | 7 | $3.3M | 7 | $3.1M | 0 |
| 2025-06-30 | 215 | $294.4M | 9 | $4.2M | 8 | $6.1M | 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.