Danaos Corporation bonds DAC
Who owns Danaos Corporation'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. DAC 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 |
|---|---|---|---|---|---|---|---|---|---|
| 23585WAC8 | 6.875% fixed | 2032-10-15 | USD | 102.18 | 6.44% | 203 bp | 23 | $39.7M | Jul 2026 |
| YK8341223 | 6.875% fixed | 2032-10-15 | USD | 102.16 | 6.44% | 204 bp | 1 | $306K | 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 | $40.1M | 102.17 | 6.44% | 203 bp | 23 |
| Jun 2026 | 1 | $62.2M | 103.35 | 6.22% | 193 bp | 43 |
| May 2026 | 1 | $30.3M | 103.19 | 6.26% | 200 bp | 22 |
| Apr 2026 | 2 | $38.6M | 102.76 | 6.35% | 228 bp | 26 |
| Mar 2026 | 1 | $68.0M | 101.66 | 6.56% | 256 bp | 42 |
| Feb 2026 | 2 | $33.8M | 101.58 | 7.39% | 373 bp | 23 |
| Jan 2026 | 3 | $57.4M | 103.30 | 6.26% | 230 bp | 29 |
| Dec 2025 | 2 | $94.6M | 102.06 | 7.18% | 349 bp | 39 |
| Nov 2025 | 2 | $40.4M | 101.40 | 7.27% | 357 bp | 22 |
| Oct 2025 | 2 | $44.0M | 99.56 | 7.65% | 398 bp | 17 |
| Sep 2025 | 1 | $18.8M | 101.97 | 7.59% | 403 bp | 8 |
| Aug 2025 | 1 | $9.8M | 101.54 | 7.81% | 413 bp | 4 |
| Jul 2025 | 1 | $18.0M | 101.95 | 7.65% | 379 bp | 17 |
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. 14 added, 16 cut, 2 new holders and 6 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $21.6M | $22.4M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $10.6M | $10.8M | $1.6M |
| Victory Pioneer Strategic Income Fund Victory Portfolios IV | 2026-06-30 | $8.0M | $8.3M | $0 |
| Nationwide Strategic Income Fund Nationwide Mutual Funds | 2026-07-31 | $7.1M | $7.3M | $0 |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $5.5M | $5.7M | -$541K |
| Invesco High Yield Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $5.4M | $5.6M | $0 |
| Victory Pioneer Bond Fund Victory Portfolios IV | 2026-06-30 | $5.3M | $5.5M | $0 |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $4.9M | $5.0M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $4.0M | $4.0M | $570K |
| Victory Pioneer High Yield Fund Victory Portfolios IV | 2026-07-31 | $3.9M | $4.0M | $0 |
| Fidelity Enhanced High Yield ETF Fidelity Covington Trust | 2026-05-31 | $3.1M | $3.2M | $400K |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $3.1M | $3.2M | $0 |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $2.9M | $3.0M | $0 |
| Fidelity SAI High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $2.6M | $2.7M | $120K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.5M | $2.6M | -$259K |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.1M | $2.2M | -$3.0M |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $2.1M | $2.1M | $0 |
| BrandywineGLOBAL - Flexible Bond Fund Legg Mason Global Asset Management Trust | 2026-06-30 | $2.1M | $2.1M | $0 |
| Transamerica Multi-Asset Income TRANSAMERICA FUNDS | 2026-07-31 | $2.0M | $2.0M | $0 |
| NVIT Strategic Income Fund Nationwide Variable Insurance Trust | 2026-06-30 | $1.9M | $2.0M | $0 |
| State Street(R) Blackstone Senior Loan ETF SSGA Active Trust | 2026-06-30 | $1.9M | $1.9M | $280K |
| NYLIM MacKay Strategic Bond Fund NYLIM FUNDS | 2026-07-31 | $1.7M | $1.8M | $0 |
| SIIT HIGH YIELD BOND FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $1.4M | $1.4M | -$770K |
| Fidelity Total Bond ETF Fidelity Merrimack Street Trust | 2026-05-31 | $1.3M | $1.3M | $12K |
| Virtus Seix High Yield Fund Virtus Asset Trust | 2026-06-30 | $1.2M | $1.2M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO High Yield Fund ($2.6M), Harbor Ares Systematic High Yield ETF ($700K), Symmetry Panoramic Global Systematic Fixed Income Fund ($520K), Harbor Ares Systematic Multi-Sector Income ETF ($200K), Blackstone Long-Short Credit Income Fund ($167K), Strategic Advisers Core Income Fund ($100K).
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 | $10.6M | $10.8M | 0.04% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $5.5M | $5.7M | 0.35% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 1 | $3.1M | $3.2M | 0.61% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $2.5M | $2.6M | 0.02% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $2.1M | $2.2M | 0.03% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 1 | $1.9M | $1.9M | 0.04% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $1.3M | $1.3M | 0.01% |
| HYBL State Street(R) Blackstone High Income ETF | 2026-06-30 | 1 | $1.1M | $1.1M | 0.20% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $961K | $991K | 0.04% |
| SYSB iShares Systematic Bond ETF | 2026-07-31 | 1 | $779K | $796K | 0.07% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $763K | $788K | 0.03% |
| TOTL State Street(R) DoubleLine(R) Total Return Tactical ETF | 2026-06-30 | 1 | $515K | $532K | 0.01% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $510K | $522K | 0.00% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $320K | $327K | 0.06% |
| JHHY John Hancock High Yield ETF | 2026-06-30 | 1 | $300K | $310K | 0.35% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.83: safer than 76% of companies (78th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $2.84B |
| Debt barrier (short-term + ½ long-term debt) | $618.7M |
| Equity volatility (1 year) | 23.8% |
| Asset value / asset volatility (solved) | $3.43B / 19.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 203 bp spread prices in about 3.4% 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'' = 7.36 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in DAC'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 | 14 | $6.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 132 | $383.6M | 9 | $31.7M | 10 | $67.1M | 0 |
| 2026-03-31 | 132 | $334.5M | 8 | $34.6M | 9 | $20.7M | 0 |
| 2025-12-31 | 130 | $277.8M | 5 | $3.4M | 6 | $7.0M | 0 |
| 2025-09-30 | 119 | $263.6M | 5 | $23.2M | 5 | $8.1M | 0 |
| 2025-06-30 | 109 | $279.9M | 6 | $4.5M | 6 | $15.7M | 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.