D.R. Horton, Inc. bonds DHI
Who owns D.R. Horton, 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. DHI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 23331ABQ1 | 1.3% fixed | 2026-10-15 | USD | 99.41 | 4.16% | 44 bp | 4 | $14.4M | Jul 2026 |
| 23331ABP3 | 1.4% fixed | 2027-10-15 | USD | 96.36 | 4.53% | 45 bp | 9 | $10.1M | Jul 2026 |
| 23331ABT5 | 4.85% fixed | 2030-10-15 | USD | 99.53 | 4.97% | 67 bp | 12 | $35.0M | Jul 2026 |
| 23331ABS7 | 5% fixed | 2034-10-15 | USD | 97.09 | 5.44% | 93 bp | 13 | $8.6M | Jul 2026 |
| 23331ABU2 | 5.5% fixed | 2035-10-15 | USD | 99.84 | 5.52% | 96 bp | 11 | $18.2M | 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 | 5 | $86.3M | 99.41 | 5.21% | 80 bp | 13 |
| Jun 2026 | 5 | $219.0M | 99.17 | 4.94% | 65 bp | 38 |
| May 2026 | 5 | $112.5M | 99.06 | 4.90% | 64 bp | 21 |
| Apr 2026 | 5 | $88.8M | 99.00 | 4.89% | 83 bp | 16 |
| Mar 2026 | 5 | $228.3M | 98.67 | 4.93% | 94 bp | 41 |
| Feb 2026 | 5 | $94.7M | 102.44 | 4.37% | 54 bp | 19 |
| Jan 2026 | 5 | $62.8M | 100.85 | 4.59% | 65 bp | 16 |
| Dec 2025 | 5 | $230.2M | 101.16 | 4.60% | 73 bp | 43 |
| Nov 2025 | 5 | $84.8M | 101.95 | 4.50% | 66 bp | 20 |
| Oct 2025 | 5 | $67.0M | 101.15 | 4.62% | 81 bp | 17 |
| Sep 2025 | 5 | $249.5M | 101.13 | 4.40% | 74 bp | 53 |
| Aug 2025 | 6 | $120.1M | 99.87 | 4.37% | 57 bp | 20 |
| Jul 2025 | 6 | $116.2M | 99.22 | 4.72% | 75 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. 42 added, 14 cut, 4 new holders and 20 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $45.5M | $45.5M | -$170K |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $39.3M | $39.3M | $12.2M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $37.3M | $37.4M | $0 |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $29.8M | $29.9M | $0 |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $18.7M | $18.6M | $1.9M |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $15.5M | $15.5M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $14.4M | $14.5M | $975K |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $12.6M | $12.5M | $1.0M |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $9.9M | $9.9M | $2.8M |
| iShares iBonds Dec 2026 Term Corporate ETF iShares Trust | 2026-07-31 | $8.6M | $8.5M | $2.5M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.2M | $8.2M | $720K |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $8.1M | $8.1M | $2.1M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $7.6M | $7.7M | $885K |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $7.5M | $7.4M | $10K |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $6.9M | $6.9M | $0 |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $6.1M | $6.1M | $2.2M |
| DFA Short-Duration Real Return Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $6.0M | $6.0M | $500K |
| PIMCO Short Asset Portfolio PIMCO FUNDS | 2026-06-30 | $6.0M | $6.0M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.0M | $5.8M | -$1.1M |
| Ultra-Short Fixed Income Fund Northern Funds | 2026-06-30 | $5.7M | $5.6M | $0 |
| Putnam Short Duration Bond Fund Putnam Funds Trust | 2026-07-31 | $5.3M | $5.3M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.2M | $5.2M | -$206K |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $5.1M | $4.9M | $86K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $4.9M | $4.9M | $60K |
| Franklin Low Duration Total Return Fund Franklin Investors Securities Trust | 2026-07-31 | $4.6M | $4.6M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): BNY Mellon Core Plus Fund ($3.7M), Core Bond Series ($3.3M), Credit Series ($2.4M), Sterling Capital Total Return Bond Fund ($1.5M), Pro-Blend Conservative Term Series ($1.2M), Pro-Blend Extended Term Series ($840K), Pro-Blend Moderate Term Series ($780K), AB Core Bond ETF ($763K), BNY Mellon Core Plus ETF ($721K), STERLING CAPITAL ENHANCED CORE BOND ETF ($478K).
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 | 4 | $45.5M | $45.5M | 0.01% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $39.3M | $39.3M | 0.06% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 1 | $18.7M | $18.6M | 0.26% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $14.4M | $14.5M | 0.03% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 2 | $12.6M | $12.5M | 0.11% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $9.9M | $9.9M | 0.26% |
| IBDR iShares iBonds Dec 2026 Term Corporate ETF | 2026-07-31 | 1 | $8.6M | $8.5M | 0.25% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $8.2M | $8.2M | 0.04% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $8.1M | $8.1M | 0.02% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $7.6M | $7.7M | 0.07% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $7.5M | $7.4M | 0.01% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $6.0M | $5.8M | 0.05% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 4 | $5.2M | $5.2M | 0.04% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $5.1M | $4.9M | 0.11% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $4.9M | $4.9M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.29: safer than 68% of companies (66th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $37.96B |
| Debt barrier (short-term + ½ long-term debt) | $4.22B |
| Equity volatility (1 year) | 34.8% |
| Asset value / asset volatility (solved) | $42.00B / 31.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 80 bp spread prices in about 1.3% 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'' = 11.40 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in DHI'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 | 159 | $720.8M | 1 | $14K | 0 | — | 0 |
| 2026-06-30 | 1,219 | $38.74B | 27 | $276.9M | 26 | $341.7M | 1 |
| 2026-03-31 | 1,128 | $27.99B | 29 | $341.6M | 28 | $278.3M | 1 |
| 2025-12-31 | 1,169 | $35.25B | 32 | $514.6M | 32 | $585.0M | 1 |
| 2025-09-30 | 1,192 | $42.29B | 34 | $635.3M | 39 | $873.4M | 1 |
| 2025-06-30 | 1,087 | $32.08B | 30 | $440.6M | 31 | $455.4M | 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.