Darling Ingredients Inc. bonds DAR
Who owns Darling Ingredients 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. DAR 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 |
|---|---|---|---|---|---|---|---|---|---|
| 237266AH4 | 5.25% fixed | 2027-04-15 | USD | 100.03 | 5.19% | 127 bp | 16 | $49.1M | Jul 2026 |
| 237266AJ0 | 6% fixed | 2030-06-15 | USD | 100.48 | 5.86% | 157 bp | 34 | $115.1M | Jul 2026 |
| YN4664366 | 4.5% fixed | 2032-07-15 | EUR | 100.75 | 4.35% | — | 5 | $2.1M | 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 | 3 | $166.4M | 100.48 | 5.86% | 157 bp | 34 |
| Jun 2026 | 3 | $249.9M | 100.68 | 5.80% | 162 bp | 52 |
| May 2026 | 2 | $64.1M | 100.51 | 5.72% | 162 bp | 30 |
| Apr 2026 | 3 | $195.4M | 100.78 | 5.76% | 187 bp | 41 |
| Mar 2026 | 3 | $231.8M | 100.05 | 5.49% | 175 bp | 56 |
| Feb 2026 | 3 | $79.9M | 101.30 | 5.45% | 190 bp | 32 |
| Jan 2026 | 3 | $206.4M | 101.36 | 5.42% | 180 bp | 44 |
| Dec 2025 | 3 | $225.1M | 101.31 | 5.36% | 177 bp | 63 |
| Nov 2025 | 3 | $86.2M | 101.39 | 5.44% | 181 bp | 30 |
| Oct 2025 | 3 | $204.4M | 101.12 | 5.53% | 193 bp | 43 |
| Sep 2025 | 3 | $225.7M | 100.96 | 5.56% | 193 bp | 57 |
| Aug 2025 | 3 | $81.3M | 101.04 | 5.58% | 180 bp | 30 |
| Jul 2025 | 3 | $207.9M | 100.68 | 5.58% | 164 bp | 41 |
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. 22 added, 38 cut, 6 new holders and 21 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Income Fund of America | 2026-07-31 | $66.4M | $66.7M | $0 |
| American High Income Trust | 2026-06-30 | $30.5M | $30.7M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $18.6M | $20.1M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $17.5M | $17.5M | -$9.2M |
| CrossingBridge Low Duration High Income Fund Trust for Professional Managers | 2026-06-30 | $16.9M | $16.9M | new |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $16.4M | $16.5M | $0 |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $15.9M | $15.9M | $5.2M |
| RIVERPARK SHORT TERM HIGH YIELD FUND RiverPark Funds Trust | 2026-06-30 | $15.6M | $15.6M | $10.3M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $13.9M | $13.9M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $13.8M | $13.8M | $0 |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $13.2M | $13.4M | -$450K |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $12.8M | $12.9M | -$6.7M |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $9.3M | $10.8M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $10.6M | $10.7M | -$3.0M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $8.8M | $8.8M | -$13.4M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.4M | $8.4M | -$2.7M |
| Carillon Chartwell Short Duration High Yield Fund Carillon Series Trust | 2026-06-30 | $7.7M | $7.8M | $0 |
| CrossingBridge Ultra-Short Duration Fund Trust for Professional Managers | 2026-06-30 | $7.3M | $7.3M | new |
| Strategic Income Opportunities Fund John Hancock Funds II | 2026-05-31 | $6.9M | $7.0M | $0 |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $6.0M | $6.9M | -$9.8M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.7M | $6.8M | -$1.2M |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $6.6M | $6.7M | $0 |
| Transamerica High Yield Bond TRANSAMERICA FUNDS | 2026-07-31 | $6.2M | $6.2M | $0 |
| Greenspring Income Opportunities Fund Manager Directed Portfolios | 2026-06-30 | $6.1M | $6.1M | $5.6M |
| Bond Fund of America | 2026-06-30 | $6.0M | $6.0M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Nuveen High Yield Fund ($5.6M), Victory Pioneer Strategic Income Fund ($2.9M), Columbia Strategic Income Fund ($2.8M), Short Duration Bond Fund ($2.5M), THE HARTFORD BALANCED INCOME FUND ($1.5M), THE HARTFORD HIGH YIELD FUND ($1.5M), NVIT Strategic Income Fund ($955K), Eaton Vance Ltd Duration Income Fund ($814K), Diversified Income Fund ($500K), Series P (High Yield Series) ($150K).
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 | $17.5M | $17.5M | 0.06% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $13.8M | $13.8M | 0.18% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $12.8M | $12.9M | 0.08% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $10.6M | $10.7M | 0.09% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 2 | $8.4M | $8.4M | 0.17% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $6.7M | $6.8M | 0.09% |
| IBHG iShares iBonds 2027 Term High Yield and Income ETF | 2026-07-31 | 1 | $4.3M | $4.3M | 0.84% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $3.0M | $3.0M | 0.06% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $3.0M | $3.0M | 0.09% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $2.0M | $2.0M | 0.08% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.8M | $1.8M | 0.07% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $1.7M | $1.7M | 0.01% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $1.1M | $1.1M | 0.00% |
| VSDB VANGUARD SHORT DURATION BOND ETF | 2026-06-30 | 1 | $1.0M | $1.0M | 0.11% |
| VGHY VANGUARD HIGH-YIELD ACTIVE ETF | 2026-07-31 | 1 | $940K | $940K | 0.31% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.10: safer than 59% of companies (50th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-07-04.
| Equity value | $9.44B |
| Debt barrier (short-term + ½ long-term debt) | $2.02B |
| Equity volatility (1 year) | 34.2% |
| Asset value / asset volatility (solved) | $11.37B / 28.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 157 bp spread prices in about 2.6% 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 = 2.54 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in DAR'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 | 67 | $243.8M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 599 | $8.82B | 16 | $73.6M | 22 | $157.2M | 0 |
| 2026-03-31 | 591 | $8.76B | 22 | $146.0M | 24 | $286.1M | 0 |
| 2025-12-31 | 469 | $6.00B | 15 | $52.4M | 20 | $152.8M | 1 |
| 2025-09-30 | 460 | $5.25B | 16 | $45.1M | 31 | $188.2M | 2 |
| 2025-06-30 | 486 | $6.31B | 18 | $83.7M | 26 | $200.9M | 1 |
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.