Community Health Systems, Inc. bonds CYH
Who owns Community Health Systems, 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. CYH 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 |
|---|---|---|---|---|---|---|---|---|---|
| 12543DBE9 | 6.875% fixed | 2028-04-01 | USD | 95.50 | 9.85% | 569 bp | 1 | $24K | Jul 2026 |
| 12543DBH2 | 6% fixed | 2029-01-15 | USD | 98.37 | 6.73% | 249 bp | 39 | $82.6M | Jul 2026 |
| 12543DBJ8 | 6.875% fixed | 2029-04-15 | USD | 96.40 | 8.38% | 413 bp | 38 | $82.4M | Jul 2026 |
| 12543DBL3 | 6.125% fixed | 2030-04-01 | USD | 84.04 | 11.58% | 730 bp | 39 | $75.3M | Jul 2026 |
| 12543DBM1 | 5.25% fixed | 2030-05-15 | USD | 92.39 | 7.59% | 331 bp | 76 | $201.7M | Jul 2026 |
| 12543DBK5 | 4.75% fixed | 2031-02-15 | USD | 89.16 | 7.62% | 330 bp | 41 | $67.4M | Jul 2026 |
| 12543DBN9 | 10.875% fixed | 2032-01-15 | USD | 105.51 | 9.55% | 520 bp | 70 | $144.7M | Jul 2026 |
| 12543DBP4 | 10.75% fixed | 2033-06-15 | USD | 109.75 | 8.84% | 451 bp | 4 | $684.2M | Jun 2026 |
| 12543DBQ2 | 9.75% fixed | 2034-01-15 | USD | 101.32 | 9.50% | 502 bp | 59 | $190.6M | 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 | 8 | $844.8M | 95.95 | 8.94% | 457 bp | 76 |
| Jun 2026 | 9 | $3.87B | 98.43 | 8.63% | 451 bp | 114 |
| May 2026 | 8 | $728.3M | 99.02 | 8.06% | 387 bp | 55 |
| Apr 2026 | 8 | $1.03B | 97.56 | 8.12% | 432 bp | 79 |
| Mar 2026 | 9 | $3.88B | 97.55 | 8.29% | 456 bp | 115 |
| Feb 2026 | 8 | $754.8M | 98.10 | 8.48% | 473 bp | 58 |
| Jan 2026 | 7 | $1.09B | 94.31 | 8.98% | 492 bp | 84 |
| Dec 2025 | 8 | $3.76B | 97.08 | 8.85% | 496 bp | 123 |
| Nov 2025 | 8 | $784.1M | 97.37 | 8.89% | 503 bp | 63 |
| Oct 2025 | 8 | $1.08B | 96.39 | 7.97% | 418 bp | 79 |
| Sep 2025 | 9 | $3.72B | 97.08 | 9.29% | 532 bp | 124 |
| Aug 2025 | 8 | $723.8M | 93.00 | 9.57% | 555 bp | 63 |
| Jul 2025 | 9 | $1.25B | 95.10 | 9.63% | 537 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. 89 added, 245 cut, 11 new holders and 32 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $2.61B | $2.63B | $43.3M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $166.7M | $168.4M | -$5.5M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $165.4M | $158.6M | -$6.7M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $142.8M | $141.1M | -$23.7M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $119.7M | $119.0M | -$13.7M |
| Franklin Income VIP Fund Franklin Templeton Variable Insurance Products Trust | 2026-06-30 | $100.5M | $102.6M | $0 |
| Franklin Templeton SMACS Series I Franklin Strategic Series | 2026-05-31 | $92.8M | $92.4M | $7.5M |
| American High Income Trust | 2026-06-30 | $84.8M | $81.4M | -$25.5M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $79.9M | $80.1M | $11.0M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $70.2M | $69.2M | $4.9M |
| Income Fund of America | 2026-07-31 | $60.0M | $57.4M | -$3.0M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $55.0M | $55.4M | -$18.7M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $51.5M | $49.1M | -$26.3M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $43.8M | $44.8M | $5.8M |
| JNL/Franklin Templeton Income Fund JNL Series Trust | 2026-06-30 | $41.3M | $41.8M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $45.3M | $41.5M | -$4.4M |
| Franklin Income Focus ETF Franklin Templeton ETF Trust | 2026-06-30 | $40.6M | $40.8M | $11.1M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $42.1M | $40.6M | -$12.9M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $37.7M | $38.1M | -$7.8M |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $33.0M | $32.8M | -$1.9M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $32.7M | $30.9M | -$25.0M |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $31.3M | $29.9M | -$6.2M |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $29.9M | $29.6M | -$4.0M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $30.7M | $29.3M | $1.4M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $29.7M | $28.8M | $8.9M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Virtus Newfleet Multi-Sector Short Term Bond Fund ($10.1M), Lord Abbett Short Duration High Yield Fund ($9.7M), MFS Global Opportunistic Bond Fund ($2.3M), Virtus Newfleet Multi-Sector Intermediate Bond Fund ($2.2M), Asset Allocation Fund ($2.0M), Empower Multi-Sector Bond Fund ($1.7M), BARINGS CORPORATE INVESTORS ($1.0M), Destinations Global Fixed Income Opportunities Fund ($960K), Virtus Newfleet Core Plus Bond Fund ($930K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($907K).
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 | 7 | $165.4M | $158.6M | 0.55% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 7 | $119.7M | $119.0M | 0.74% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 7 | $70.2M | $69.2M | 0.61% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 5 | $45.3M | $41.5M | 0.55% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 3 | $37.7M | $38.1M | 0.52% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 7 | $29.9M | $29.6M | 0.85% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 5 | $30.7M | $29.3M | 0.60% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 7 | $16.6M | $16.3M | 0.64% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 4 | $13.8M | $13.4M | 0.60% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 5 | $12.4M | $12.5M | 0.52% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 4 | $11.6M | $11.0M | 0.65% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 4 | $10.8M | $10.1M | 0.04% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 5 | $10.9M | $10.0M | 0.92% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 7 | $10.2M | $9.8M | 0.02% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 3 | $8.2M | $8.4M | 0.71% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 1.78: safer than 12% of companies (15th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $391.3M |
| Debt barrier (short-term + ½ long-term debt) | $4.80B |
| Equity volatility (1 year) | 55.4% |
| Asset value / asset volatility (solved) | $4.99B / 4.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 457 bp spread prices in about 7.6% 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'' = 1.81 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CYH'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 | 15 | $2.6M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 174 | $372.8M | 6 | $1.5M | 8 | $3.0M | 0 |
| 2026-03-31 | 163 | $274.1M | 6 | $2.8M | 8 | $2.8M | 0 |
| 2025-12-31 | 173 | $320.1M | 6 | $661K | 7 | $2.3M | 0 |
| 2025-09-30 | 166 | $347.2M | 10 | $5.9M | 7 | $2.7M | 0 |
| 2025-06-30 | 167 | $386.8M | 11 | $10.1M | 9 | $4.2M | 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.