California Resources Corp bonds CRC
Who owns California Resources Corp'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. CRC 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 |
|---|---|---|---|---|---|---|---|---|---|
| 13057QAK3 | 8.25% fixed | 2029-06-15 | USD | 104.57 | 6.57% | 252 bp | 39 | $100.7M | May 2026 |
| 13057QAL1 | 7% fixed | 2034-01-15 | USD | 97.94 | 7.36% | 288 bp | 42 | $63.0M | Jul 2026 |
| 13057QAM9 | 7.25% fixed | 2035-01-15 | USD | 98.83 | 7.44% | 291 bp | 44 | $68.2M | 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 | 2 | $131.3M | 98.39 | 7.40% | 290 bp | 44 |
| Jun 2026 | 2 | $132.1M | 99.03 | 7.29% | 291 bp | 71 |
| May 2026 | 2 | $146.4M | 102.69 | 6.71% | 252 bp | 39 |
| Apr 2026 | 2 | $152.9M | 103.12 | 6.69% | 269 bp | 47 |
| Mar 2026 | 2 | $129.1M | 102.69 | 6.74% | 282 bp | 72 |
| Feb 2026 | 2 | $153.7M | 103.39 | 6.62% | 287 bp | 40 |
| Jan 2026 | 2 | $167.1M | 103.05 | 6.68% | 283 bp | 51 |
| Dec 2025 | 2 | $134.0M | 101.61 | 6.98% | 319 bp | 62 |
| Nov 2025 | 2 | $98.8M | 102.21 | 6.89% | 312 bp | 40 |
| Oct 2025 | 2 | $147.6M | 101.80 | 7.02% | 327 bp | 47 |
| Sep 2025 | 3 | $163.3M | 100.17 | 7.00% | 322 bp | 59 |
| Aug 2025 | 2 | $91.1M | 101.61 | 7.22% | 350 bp | 37 |
| Jul 2025 | 2 | $137.5M | 101.52 | 7.42% | 353 bp | 43 |
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. 68 added, 77 cut, 31 new holders and 29 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $46.1M | $48.3M | -$3.9M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $25.1M | $24.9M | $16.6M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $22.1M | $21.7M | $589K |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $17.3M | $17.7M | $2.3M |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $16.9M | $16.7M | new |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $12.0M | $12.3M | -$1.5M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $10.5M | $10.4M | -$565K |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $10.0M | $9.9M | $1.6M |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $10.0M | $9.9M | $5.0M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.8M | $9.7M | $3.3M |
| Buffalo High Yield Fund Buffalo Funds | 2026-06-30 | $9.0M | $8.9M | -$666K |
| Nuveen Flexible Income Fund Nuveen Investment Trust V | 2026-05-31 | $8.4M | $8.6M | $275K |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $8.2M | $8.0M | -$21.9M |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $7.7M | $7.6M | $3.3M |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $7.2M | $7.0M | $2.1M |
| Allspring Short-Term High Income Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $6.5M | $6.8M | -$4.2M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $6.0M | $5.9M | $2.3M |
| Fidelity SAI High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $5.8M | $5.7M | -$1.7M |
| Fidelity High Income Central Fund Fidelity Central Investment Portfolios LLC | 2026-05-31 | $5.4M | $5.5M | $2.4M |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $5.4M | $5.5M | $123K |
| Lord Abbett Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $5.0M | $5.2M | -$2.0M |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $5.2M | $5.1M | -$1.2M |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $4.8M | $4.8M | $0 |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $4.8M | $4.7M | -$3.5M |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $3.9M | $4.0M | -$191K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Short Duration High Yield Fund ($15.4M), RBC BlueBay High Yield Bond Fund ($8.1M), American High Income Trust ($7.1M), iShares 0-5 Year High Yield Corporate Bond ETF ($5.3M), State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF ($4.2M), Goldman Sachs High Yield Fund ($2.9M), Goldman Sachs Dynamic Bond Fund ($1.4M), Goldman Sachs Income Builder Fund ($1.0M), iShares iBonds 2029 Term High Yield and Income ETF ($811K), JPMorgan Global Allocation Fund ($723K).
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 | $22.1M | $21.7M | 0.08% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $17.3M | $17.7M | 0.11% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 2 | $12.0M | $12.3M | 0.75% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $10.5M | $10.4M | 0.09% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $9.8M | $9.7M | 0.13% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 2 | $7.7M | $7.6M | 0.69% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $3.9M | $4.0M | 0.12% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 2 | $3.6M | $3.7M | 0.01% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 2 | $3.5M | $3.6M | 0.69% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $2.6M | $2.7M | 0.11% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 1 | $2.2M | $2.1M | 0.04% |
| SIHY Harbor Ares Systematic High Yield ETF | 2026-07-31 | 2 | $1.8M | $1.8M | 1.18% |
| HYBL State Street(R) Blackstone High Income ETF | 2026-06-30 | 1 | $1.8M | $1.7M | 0.31% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.5M | $1.5M | 0.00% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $1.3M | $1.3M | 0.05% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.26: safer than 68% of companies (75th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $4.81B |
| Debt barrier (short-term + ½ long-term debt) | $640.5M |
| Equity volatility (1 year) | 33.2% |
| Asset value / asset volatility (solved) | $5.43B / 29.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 290 bp spread prices in about 4.8% 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'' = 1.30 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CRC'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 | 35 | $39.3M | 0 | — | 1 | $508K | 0 |
| 2026-06-30 | 350 | $4.77B | 5 | $5.7M | 8 | $8.0M | 0 |
| 2026-03-31 | 336 | $5.54B | 8 | $10.4M | 10 | $16.2M | 0 |
| 2025-12-31 | 312 | $4.11B | 4 | $4.6M | 10 | $15.6M | 1 |
| 2025-09-30 | 334 | $4.58B | 10 | $37.2M | 15 | $29.1M | 0 |
| 2025-06-30 | 297 | $3.83B | 6 | $4.7M | 8 | $6.0M | 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.