CoreWeave, Inc. bonds CRWV
Who owns CoreWeave, 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. CRWV 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 |
|---|---|---|---|---|---|---|---|---|---|
| 21873SAB4 | 9.25% fixed | 2030-06-01 | USD | 93.56 | 11.36% | 707 bp | 88 | $332.1M | Jul 2026 |
| 21873SAC2 | 9% fixed | 2031-02-01 | USD | 90.31 | 11.84% | 752 bp | 83 | $193.6M | Jul 2026 |
| U2069EAB6 | 9% fixed | 2031-02-01 | USD | 99.28 | 9.18% | 526 bp | 1 | $187K | Apr 2026 |
| 21873SAG3 | 9.75% fixed | 2031-10-01 | USD | 90.76 | 12.20% | 786 bp | 91 | $257.0M | Jul 2026 |
| 21873SAD0 convertible | 1.75% fixed | 2031-12-01 | USD | 94.23 | — | — | 18 | $120.0M | Jul 2026 |
| XS3333139288 | 8.5% fixed | 2032-07-15 | EUR | 89.61 | 10.96% | — | 8 | $35.1M | Jul 2026 |
| DL7967938 | 8.5% fixed | 2032-07-15 | EUR | 89.68 | 10.95% | — | 3 | $3.8M | Jul 2026 |
| 21873SAK4 | 9.625% fixed | 2032-07-15 | USD | 89.55 | 12.14% | 774 bp | 62 | $119.8M | Jul 2026 |
| U2069EAE0 | 9.625% fixed | 2032-07-15 | USD | 89.31 | 12.20% | 781 bp | 1 | $200K | Jul 2026 |
| 21873SAH1 convertible | 1.75% fixed | 2032-10-01 | USD | 88.22 | — | — | 19 | $157.4M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $28K | 92.87 | 11.64% | 732 bp | 1 |
| Jul 2026 | 9 | $1.22B | 89.68 | 12.14% | 774 bp | 91 |
| Jun 2026 | 8 | $1.61B | 99.35 | 9.54% | 533 bp | 163 |
| May 2026 | 5 | $878.4M | 103.13 | 8.64% | 454 bp | 78 |
| Apr 2026 | 6 | $1.11B | 100.94 | 9.17% | 524 bp | 91 |
| Mar 2026 | 3 | $668.6M | 97.24 | 10.17% | 635 bp | 158 |
| Feb 2026 | 3 | $491.6M | 97.92 | 9.87% | 622 bp | 79 |
| Jan 2026 | 4 | $638.8M | 98.49 | 9.68% | 595 bp | 92 |
| Dec 2025 | 3 | $746.2M | 93.02 | 11.24% | 756 bp | 147 |
| Nov 2025 | 2 | $377.0M | 91.39 | 11.49% | 782 bp | 70 |
| Oct 2025 | 3 | $484.6M | 100.31 | 8.97% | 530 bp | 88 |
| Sep 2025 | 2 | $569.6M | 102.93 | 8.38% | 472 bp | 145 |
| Aug 2025 | 2 | $395.3M | 99.69 | 9.19% | 538 bp | 74 |
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. 321 added, 59 cut, 104 new holders and 23 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $150.1M | $137.0M | $72.3M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $125.2M | $127.9M | $40.5M |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $139.8M | $126.6M | $91.2M |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $98.5M | $112.0M | $65.0M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $108.8M | $109.5M | $83.3M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $100.0M | $100.7M | $18.0M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $87.0M | $88.8M | $32.5M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $80.7M | $74.2M | $11.1M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $70.6M | $70.1M | $46.2M |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $73.5M | $66.7M | $0 |
| Income Fund of America | 2026-07-31 | $69.8M | $63.9M | $8.9M |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $58.6M | $61.5M | $49.3M |
| American High Income Trust | 2026-06-30 | $59.4M | $59.4M | $45.3M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $64.3M | $59.1M | $7.9M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $57.5M | $57.2M | $32.9M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $56.2M | $56.0M | $31.2M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $59.2M | $55.1M | -$9.0M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $55.3M | $55.1M | $31.2M |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $43.9M | $53.9M | $28.0M |
| Aristotle Strategic Income Fund Aristotle Fund Series Trust | 2026-06-30 | $45.0M | $44.8M | $13.6M |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $43.3M | $44.3M | $12.7M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $42.5M | $43.4M | $20.3M |
| Bond Fund of America | 2026-06-30 | $42.3M | $42.2M | new |
| iShares Flexible Income Active ETF BlackRock ETF Trust II | 2026-07-31 | $43.6M | $41.7M | $25.5M |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $38.4M | $40.0M | $24.3M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): CALAMOS STRATEGIC TOTAL RETURN FUND ($9.2M), Goldman Sachs High Yield Fund ($7.2M), Calamos Growth & Income Fund ($7.1M), N/A ($5.2M), Virtus Equity & Convertible Income Fund ($4.6M), Virtus Dividend, Interest & Premium Strategy Fund ($4.6M), Goldman Sachs Dynamic Bond Fund ($3.4M), Transamerica High Yield Bond ($2.3M), Miller Market Neutral Income Fund ($2.1M), JPMorgan Core Plus Bond Fund ($2.0M).
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 | 4 | $150.1M | $137.0M | 0.48% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 2 | $139.8M | $126.6M | 1.76% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 2 | $98.5M | $112.0M | 1.81% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 3 | $87.0M | $88.8M | 0.55% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 4 | $57.5M | $57.2M | 0.78% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 4 | $55.3M | $55.1M | 0.49% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $31.1M | $28.7M | 0.38% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $21.9M | $21.9M | 0.45% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 3 | $19.6M | $20.1M | 0.58% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 3 | $19.3M | $19.7M | 1.21% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 2 | $13.6M | $13.9M | 0.42% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $13.0M | $13.3M | 0.55% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 4 | $13.3M | $13.2M | 0.78% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 3 | $12.8M | $13.0M | 0.05% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $11.0M | $11.3M | 0.44% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 1.24: safer than 8% of companies (8th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $33.78B |
| Debt barrier (short-term + ½ long-term debt) | $21.88B |
| Equity volatility (1 year) | 95.2% |
| Asset value / asset volatility (solved) | $54.23B / 61.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 774 bp spread prices in about 12.9% 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'' = -1.07 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CRWV'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 | 125 | $202.6M | 1 | $7.8M | 3 | $5.2M | 0 |
| 2026-06-30 | 960 | $39.29B | 77 | $7.48B | 87 | $7.54B | 2 |
| 2026-03-31 | 769 | $21.98B | 65 | $6.57B | 62 | $6.86B | 3 |
| 2025-12-31 | 720 | $18.24B | 66 | $4.74B | 70 | $6.03B | 3 |
| 2025-09-30 | 643 | $34.55B | 69 | $6.59B | 76 | $8.71B | 1 |
| 2025-06-30 | 405 | $33.72B | 61 | $3.87B | 33 | $1.70B | 1 |
Officials trading CRWV bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2026-03-02 | President Donald J. Trump | purchase | ***COREWEAVE INC REG S DUE 02/01/2031 09.000%FA 01 DISCRETIONARY ORDER IF THIS CONFIRMATIO | $500,001 - $1,000,000 | filing |
| 2026-01-20 | President Donald J. Trump | purchase | —COREWEAVE INC REG S DUE 02/01/2031 09.000% FA 01 DISCRETIONARY ORDER IF THIS CONFIRMATION | $100,001 - $250,000 | filing |
| 2026-01-02 | President Donald J. Trump | purchase | **COREWEAVE INC REG S DUE 02/01/2031 09.000% FA 01 DISCRETIONARY ORDER IF THIS CONFIRMATIO | $500,001 - $1,000,000 | filing |
| 2025-12-19 | President Donald J. Trump | purchase | ***COREWEAVE INC REG S DUE 02/01/2031 09.000% FA 01 DISCRETIONARY ORDER IF THIS CONFIRMATI | $1,000,001 - $5,000,000 | filing |
| 2025-12-19 | President Donald J. Trump | sale | ***COREWEAVE INC REG S DUE 06/01/2030 09.250% JD 01 DISCRETIONARY ORDER IF THIS CONFIRMATI | $1,000,001 - $5,000,000 | filing |
| 2025-12-16 | President Donald J. Trump | purchase | ***COREWEAVE INC REG S DUE 06/01/2030 09.250% JD 01 DISCRETIONARY ORDER IF THIS CONFIRMATI | $250,001 - $500,000 | filing |
| 2025-12-12 | President Donald J. Trump | purchase | ***COREWEAVE INC REG S DUE 06/01/2030 09.250% JD 01 DISCRETIONARY ORDER IF THIS CONFIRMATI | $250,001 - $500,000 | filing |
| 2025-11-04 | President Donald J. Trump | purchase | ***COREWEAVE INC REG S DUE 06/01/2030 09.250% JD 01 DISCRETIONARY ORDER IF THIS CONFIRMATI | $100,001 - $250,000 | filing |
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.