CVS Health Corp. bonds CVS
Who owns CVS Health 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. CVS 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 |
|---|---|---|---|---|---|---|---|---|---|
| 126650DF4 | 3% fixed | 2026-08-15 | USD | 99.94 | 4.46% | 73 bp | 14 | $81.5M | Jul 2026 |
| 126650AW0 | 5.3% fixed | 2027-01-11 | USD | 99.81 | 5.73% | 192 bp | 2 | $35K | Jul 2026 |
| 126650DH0 | 3.625% fixed | 2027-04-01 | USD | 99.49 | 4.40% | 49 bp | 8 | $27.0M | Jul 2026 |
| 126650BJ8 | 6.25% fixed | 2027-06-01 | USD | 101.37 | 4.55% | 57 bp | 4 | $4.3M | Jul 2026 |
| 126650DM9 | 1.3% fixed | 2027-08-21 | USD | 96.70 | 4.53% | 47 bp | 15 | $107.3M | Jul 2026 |
| 126650BC3 | 5.88% fixed | 2028-01-10 | USD | 99.86 | 5.98% | 185 bp | 1 | $29K | Jul 2026 |
| 126650CX6 | 4.3% fixed | 2028-03-25 | USD | 99.40 | 4.68% | 52 bp | 34 | $184.7M | Jul 2026 |
| 126650BP4 | 6.036% fixed | 2028-12-10 | USD | 100.30 | 5.90% | 166 bp | 5 | $2.1M | Jul 2026 |
| 126650BF6 | 6.036% fixed | 2028-12-10 | USD | 100.64 | 5.74% | 150 bp | 1 | $1.8M | Jul 2026 |
| 126650DW7 | 5% fixed | 2029-01-30 | USD | 100.56 | 4.76% | 52 bp | 21 | $66.0M | Jul 2026 |
| 126650EB2 | 5.4% fixed | 2029-06-01 | USD | 101.58 | 4.80% | 54 bp | 23 | $83.6M | Jul 2026 |
| 126650DG2 | 3.25% fixed | 2029-08-15 | USD | 95.50 | 4.86% | 60 bp | 23 | $113.5M | Jul 2026 |
| 126650BQ2 | 6.943% fixed | 2030-01-10 | USD | 102.28 | 6.20% | 192 bp | 2 | $236K | Jul 2026 |
| 126650DT4 | 5.125% fixed | 2030-02-21 | USD | 100.50 | 4.97% | 69 bp | 15 | $50.2M | Jul 2026 |
| 126650DJ6 | 3.75% fixed | 2030-04-01 | USD | 96.01 | 4.95% | 67 bp | 12 | $27.5M | Jul 2026 |
| 126650DN7 | 1.75% fixed | 2030-08-21 | USD | 88.16 | 5.01% | 71 bp | 17 | $56.3M | Jul 2026 |
| 126650DX5 | 5.25% fixed | 2031-01-30 | USD | 100.91 | 5.02% | 71 bp | 11 | $7.4M | Jul 2026 |
| 126650DQ0 | 1.875% fixed | 2031-02-28 | USD | 87.09 | 5.07% | 76 bp | 23 | $38.0M | Jul 2026 |
| 126650EC0 | 5.55% fixed | 2031-06-01 | USD | 102.04 | 5.07% | 74 bp | 17 | $33.2M | Jul 2026 |
| 126650DR8 | 2.125% fixed | 2031-09-15 | USD | 86.71 | 5.10% | 77 bp | 9 | $8.1M | Jul 2026 |
| 126650BS8 | 7.507% fixed | 2032-01-10 | USD | 103.99 | 6.62% | 226 bp | 6 | $5.6M | Jul 2026 |
| 126650EJ5 | 5% fixed | 2032-09-15 | USD | 99.12 | 5.17% | 76 bp | 20 | $24.8M | Jul 2026 |
| 126650BV1 | 5.773% fixed | 2033-01-10 | USD | 99.21 | 5.92% | 150 bp | 2 | $312K | Jul 2026 |
| 126650DU1 | 5.25% fixed | 2033-02-21 | USD | 100.04 | 5.24% | 81 bp | 15 | $60.0M | Jul 2026 |
| 126650DY3 | 5.3% fixed | 2033-06-01 | USD | 99.69 | 5.35% | 90 bp | 13 | $45.4M | Jul 2026 |
| 126650BY5 | 5.926% fixed | 2034-01-10 | USD | 100.68 | 5.81% | 133 bp | 3 | $526K | Jul 2026 |
| 126650ED8 | 5.7% fixed | 2034-06-01 | USD | 101.31 | 5.49% | 99 bp | 15 | $26.5M | Jul 2026 |
| 126650CM0 | 4.875% fixed | 2035-07-20 | USD | 94.98 | 5.59% | 104 bp | 9 | $7.3M | Jul 2026 |
| 126650EK2 | 5.45% fixed | 2035-09-15 | USD | 98.97 | 5.59% | 104 bp | 30 | $78.6M | Jul 2026 |
| 12665UAA2 | 4.704% fixed | 2036-01-10 | USD | 93.36 | 5.62% | 104 bp | 3 | $2.4M | Jul 2026 |
| 12665VAA0 | 4.163% fixed | 2036-08-11 | USD | 93.60 | 4.97% | 50 bp | 9 | $20.6M | Jun 2026 |
| 126650CY4 | 4.78% fixed | 2038-03-25 | USD | 91.31 | 5.82% | 113 bp | 37 | $82.8M | Jul 2026 |
| 126650BR0 | 6.125% fixed | 2039-09-15 | USD | 101.63 | 5.94% | 118 bp | 12 | $21.0M | Jul 2026 |
| 126650DK3 | 4.125% fixed | 2040-04-01 | USD | 82.93 | 5.97% | 118 bp | 17 | $14.5M | Jul 2026 |
| 126650DP2 | 2.7% fixed | 2040-08-21 | USD | 69.61 | 5.91% | 111 bp | 5 | $9.9M | Jul 2026 |
| 126650CD0 | 5.3% fixed | 2043-12-05 | USD | 89.65 | 6.29% | 131 bp | 13 | $19.4M | Jul 2026 |
| 126650EE6 | 6% fixed | 2044-06-01 | USD | 96.54 | 6.33% | 133 bp | 25 | $63.2M | Jul 2026 |
| 126650CN8 | 5.125% fixed | 2045-07-20 | USD | 86.92 | 6.32% | 126 bp | 25 | $16.4M | Jul 2026 |
| 126650CZ1 | 5.05% fixed | 2048-03-25 | USD | 84.48 | 6.38% | 127 bp | 36 | $80.2M | Jul 2026 |
| 126650DL1 | 4.25% fixed | 2050-04-01 | USD | 74.90 | 6.30% | 120 bp | 2 | $1.2M | Jul 2026 |
| 126650DV9 | 5.625% fixed | 2053-02-21 | USD | 90.05 | 6.41% | 131 bp | 8 | $6.0M | Jul 2026 |
| 126650DZ0 | 5.875% fixed | 2053-06-01 | USD | 93.04 | 6.42% | 132 bp | 14 | $4.3M | Jul 2026 |
| 126650EF3 | 6.05% fixed | 2054-06-01 | USD | 95.29 | 6.41% | 131 bp | 10 | $11.3M | Jul 2026 |
| 126650EG1 | 6.75% fixed | 2054-12-10 | USD | 102.99 | 6.52% | 142 bp | 48 | $87.4M | Jul 2026 |
| 126650EH9 | 7% fixed | 2055-03-10 | USD | 102.94 | 6.77% | 166 bp | 70 | $264.6M | Jul 2026 |
| 126650EL0 | 6.2% fixed | 2055-09-15 | USD | 97.45 | 6.39% | 129 bp | 16 | $26.4M | Jul 2026 |
| 126650EA4 | 6% fixed | 2063-06-01 | USD | 92.75 | 6.52% | 142 bp | 14 | $5.5M | Jul 2026 |
| 126650EM8 | 6.25% fixed | 2065-09-15 | USD | 96.07 | 6.53% | 143 bp | 5 | $1.4M | 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 |
|---|---|---|---|---|---|---|
| Jul 2026 | 47 | $1.86B | 99.12 | 5.81% | 113 bp | 70 |
| Jun 2026 | 47 | $6.48B | 99.87 | 5.62% | 101 bp | 120 |
| May 2026 | 47 | $3.53B | 99.81 | 5.55% | 97 bp | 69 |
| Apr 2026 | 48 | $2.16B | 99.64 | 5.63% | 125 bp | 74 |
| Mar 2026 | 48 | $6.67B | 99.28 | 5.45% | 122 bp | 118 |
| Feb 2026 | 47 | $3.60B | 100.50 | 5.06% | 95 bp | 68 |
| Jan 2026 | 49 | $2.44B | 100.06 | 5.36% | 114 bp | 83 |
| Dec 2025 | 50 | $6.76B | 100.06 | 5.31% | 114 bp | 119 |
| Nov 2025 | 48 | $3.74B | 100.19 | 5.23% | 108 bp | 65 |
| Oct 2025 | 49 | $2.53B | 100.76 | 5.32% | 123 bp | 77 |
| Sep 2025 | 52 | $6.80B | 100.07 | 5.25% | 114 bp | 112 |
| Aug 2025 | 49 | $3.48B | 98.78 | 5.29% | 116 bp | 66 |
| Jul 2025 | 49 | $2.30B | 99.61 | 5.63% | 118 bp | 79 |
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. 186 added, 329 cut, 39 new holders and 39 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Dodge & Cox Income Fund Dodge & Cox Funds | 2026-06-30 | $819.0M | $818.7M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $732.7M | $697.1M | -$17.8M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $712.9M | $678.3M | $52.5M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $322.8M | $314.9M | -$49.1M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $313.3M | $303.2M | -$641K |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $299.2M | $282.3M | -$73.1M |
| Bond Fund of America | 2026-06-30 | $277.4M | $279.4M | -$17.0M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $281.6M | $275.4M | -$13.6M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $259.7M | $251.9M | -$2.2M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $230.2M | $218.9M | -$4.0M |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $175.6M | $162.9M | -$163K |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $156.9M | $154.7M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $149.0M | $145.4M | -$2.0M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $141.5M | $142.9M | $0 |
| Capital Group Central Corporate Bond Fund Capital Group Central Fund Series II | 2026-05-31 | $143.6M | $142.6M | $0 |
| AST Multi-Sector Fixed Income Portfolio Advanced Series Trust | 2026-06-30 | $129.5M | $122.1M | -$27.5M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $121.5M | $121.1M | -$25.8M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $125.5M | $119.0M | -$556K |
| American Balanced Fund | 2026-06-30 | $115.5M | $118.5M | -$18.8M |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $115.1M | $110.7M | -$4.8M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $108.7M | $104.7M | -$415K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $102.7M | $97.9M | $508K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $100.0M | $97.8M | $945K |
| American Funds Strategic Bond Fund | 2026-06-30 | $96.2M | $97.2M | -$11.0M |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $99.1M | $91.4M | $4.8M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO Enhanced Short Maturity Active Exchange-Traded Fund ($43.6M), VANGUARD ULTRA-SHORT-TERM BOND FUND ($41.6M), VANGUARD ULTRA-SHORT BOND ETF ($21.3M), Baird Ultra Short Bond Fund ($18.6M), Columbia Strategic Income Fund ($6.8M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($3.6M), Columbia Variable Portfolio - Intermediate Bond Fund ($3.2M), BNY Mellon Active Core Bond ETF ($3.0M), BNY Mellon Core Plus Fund ($2.6M), Strategy Shares Gold Enhanced Yield ETF ($1.8M).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 31 | $732.7M | $697.1M | 0.18% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 12 | $313.3M | $303.2M | 0.60% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 24 | $299.2M | $282.3M | 0.95% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 8 | $281.6M | $275.4M | 0.40% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 34 | $230.2M | $218.9M | 0.16% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 9 | $108.7M | $104.7M | 0.15% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 34 | $102.7M | $97.9M | 0.56% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 11 | $100.0M | $97.8M | 0.44% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 13 | $99.1M | $91.4M | 0.99% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 7 | $81.4M | $80.6M | 0.15% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 10 | $71.4M | $72.0M | 0.28% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 8 | $68.7M | $68.5M | 0.38% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $62.5M | $64.4M | 0.23% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 35 | $64.8M | $60.7M | 0.14% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 4 | $57.9M | $56.8M | 0.53% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.12: safer than 59% of companies (56th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $118.45B |
| Debt barrier (short-term + ½ long-term debt) | $31.68B |
| Equity volatility (1 year) | 31.9% |
| Asset value / asset volatility (solved) | $148.80B / 25.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 113 bp spread prices in about 1.9% 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'' = 1.25 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CVS'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 | 330 | $1.43B | 0 | — | 2 | $471K | 0 |
| 2026-06-30 | 2,060 | $112.83B | 52 | $1.52B | 52 | $2.03B | 0 |
| 2026-03-31 | 1,863 | $65.84B | 51 | $1.05B | 46 | $1.53B | 0 |
| 2025-12-31 | 1,939 | $85.91B | 48 | $1.55B | 43 | $1.79B | 2 |
| 2025-09-30 | 1,824 | $80.56B | 47 | $1.81B | 47 | $2.19B | 2 |
| 2025-06-30 | 1,750 | $73.83B | 47 | $1.62B | 52 | $1.95B | 2 |
Officials trading CVS bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2024-12-11 | Julia Letlow | sale | CVS Health Corp | $1,001 - $15,000 | filing |
| 2024-12-11 | Julia Letlow | sale full | CVS Health Corp | $1,001 - $15,000 | filing |
| 2024-10-25 | Julia Letlow | purchase | CVS Health Corp | $1,001 - $15,000 | filing |
| 2024-10-25 | Julia Letlow | purchase | CVS Health Corp | $1,001 - $15,000 | filing |
| 2024-10-24 | Julia Letlow | purchase | CVS Health Corp | $1,001 - $15,000 | filing |
| 2023-05-26 | Zoe Lofgren | sale | CVS Health Corp | $1,001 - $15,000 | filing |
| 2023-05-04 | Ro Khanna | purchase | CVS Health Corp | $1,001 - $15,000 | filing |
| 2021-09-27 | Earl Blumenauer | purchase | CVS Health Corp Bond - 4.23% | $15,001 - $50,000 | filing |
| 2021-09-27 | Earl Blumenauer | purchase | CVS Health Corp Bond 4.23% | $15,001 - $50,000 | 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.