Core Scientific, Inc. bonds CORZW
Who owns Core Scientific, 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. CORZW 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 |
|---|---|---|---|---|---|---|---|---|---|
| 21874AAC0 convertible | 3% fixed | 2029-09-01 | USD | 205.25 | — | — | 6 | $22.2M | Jul 2026 |
| 21874LAA0 | 7.75% fixed | 2031-05-15 | USD | 97.96 | 8.27% | 383 bp | 81 | $371.4M | Jul 2026 |
| 21874AAE6 convertible | 0% none | 2031-06-15 | USD | 125.40 | — | — | 9 | $24.2M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over the month-end Treasury curve. Each month is compared with the month before on the same bonds, because the funds that file rotate from month to month. Fund-reported.
Price history
Fund-marked price of the US-dollar bonds, same bonds month to month, latest month = 100 (the plain median per 100 of face when too few bonds pair up).
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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 3 | $118.7M | 110.93 | 8.52% | 405 bp | 29 |
| Jul 2026 | 3 | $417.8M | 125.40 | 8.27% | 383 bp | 81 |
| Jun 2026 | 3 | $480.6M | 141.44 | 7.39% | 320 bp | 137 |
| May 2026 | 3 | $233.2M | 145.97 | 7.19% | 306 bp | 68 |
| Apr 2026 | 3 | $329.1M | 124.38 | 7.81% | 378 bp | 83 |
| Mar 2026 | 2 | $29.2M | 134.80 | — | — | 17 |
| Feb 2026 | 2 | $23.8M | 145.43 | — | — | 5 |
| Jan 2026 | 2 | $31.9M | 150.49 | — | — | 6 |
| Dec 2025 | 2 | $29.0M | 130.85 | — | — | 17 |
| Nov 2025 | 2 | $22.7M | 142.64 | — | — | 4 |
| Oct 2025 | 2 | $75.0M | 170.41 | — | — | 10 |
| Sep 2025 | 2 | $38.7M | 145.85 | — | — | 18 |
| Aug 2025 | 2 | $28.5M | 127.21 | — | — | 5 |
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. 50 added, 18 cut, 212 new holders and 16 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 | $64.2M | $65.1M | new |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $61.5M | $60.2M | $39.3M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $55.5M | $54.4M | $1.2M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $45.6M | $46.3M | new |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $41.0M | $40.2M | $5.8M |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $22.8M | $36.4M | $4.2M |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $16.0M | $29.9M | $2.8M |
| Lord Abbett Credit Opportunities Fund | 2026-06-30 | $28.9M | $29.3M | new |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $27.0M | $27.4M | new |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $26.4M | $27.0M | new |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $26.1M | $26.4M | new |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $26.1M | $25.6M | $15.3M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $23.8M | $23.3M | $0 |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $21.9M | $22.3M | new |
| High Yield Bond Series Manning & Napier Fund, Inc. | 2026-06-30 | $19.6M | $19.9M | new |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $20.2M | $19.8M | $5.2M |
| Lord Abbett Floating Rate Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $18.8M | $19.3M | new |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $18.2M | $18.6M | new |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $18.1M | $18.3M | new |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $16.0M | $16.2M | new |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $11.2M | $13.9M | new |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $7.1M | $13.7M | $0 |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $12.0M | $12.3M | new |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $10.5M | $10.7M | new |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $10.8M | $10.6M | $245K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Convertible Fund ($7.0M), Goldman Sachs Income Builder Fund ($3.5M), Neuberger Strategic Income Fund ($2.3M), Neuberger High Income Bond Fund ($1.5M), Neuberger High Yield Strategies Fund Inc. ($1.4M), Invesco Convertible Securities Fund ($1.2M), Catholic Responsible Investments Bond Fund ($1.0M), Wellington Global Multi-Strategy Fund ($830K), Defensive Market Strategies Fund ($649K), Neuberger Short Duration Income ETF ($450K).
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 | 1 | $61.5M | $60.2M | 0.21% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-08-31 | 1 | $46.4M | $45.1M | 0.28% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 2 | $22.8M | $36.4M | 0.51% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 2 | $16.0M | $29.9M | 0.48% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $27.0M | $27.4M | 0.24% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $26.1M | $26.4M | 0.36% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $26.1M | $25.6M | 0.34% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $18.1M | $18.3M | 0.38% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-08-31 | 1 | $10.5M | $10.2M | 0.63% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-08-31 | 1 | $8.6M | $8.3M | 0.27% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $7.3M | $7.5M | 0.44% |
| FBND Fidelity Total Bond ETF | 2026-08-31 | 1 | $5.1M | $4.9M | 0.02% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $3.9M | $3.8M | 0.01% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-08-31 | 1 | $3.6M | $3.5M | 0.58% |
| SCEC STERLING CAPITAL ENHANCED CORE BOND ETF | 2026-06-30 | 1 | $2.6M | $2.6M | 0.45% |
Default risk, three ways
Stock market: risk of going bust
Risk of going bust: higher than 86% of companies (14th percentile in Technology); distance to default 2.08. Of US companies ranked in the second-riskiest tenth, about 1 in 87 filed for bankruptcy within a year (2020-2025). If the stock fell to about $0.77 (down 90% from the 2026-10-27 close), the company would be worth roughly what it owes. Market-implied, prices to 2026-10-27, balance sheet 2026-06-30.
| Equity value | $4.58B |
| Debt barrier (short-term + ½ long-term debt) | $2.15B |
| Equity volatility (1 year) | 72.5% |
| Asset value / asset volatility (solved) | $6.64B / 50.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 383 bp spread prices in about 6.4% 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'' = -5.99 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CORZW'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 | 70 | $243.9M | 0 | — | 1 | $43.9M | 0 |
| 2026-06-30 | 427 | $10.52B | 33 | $1.08B | 54 | $2.16B | 2 |
| 2026-03-31 | 394 | $5.73B | 32 | $701.9M | 57 | $1.31B | 3 |
| 2025-12-31 | 372 | $5.56B | 44 | $559.6M | 65 | $1.80B | 4 |
| 2025-09-30 | 348 | $6.09B | 39 | $680.1M | 66 | $1.96B | 4 |
| 2025-06-30 | 378 | $4.66B | 40 | $454.1M | 72 | $1.83B | 5 |
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.