Delek Logistics Partners, LP bonds DKL
Who owns Delek Logistics Partners, LP'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. DKL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 24665FAC6 | 7.125% fixed | 2028-06-01 | USD | 100.40 | 6.91% | 291 bp | 6 | $29.3M | May 2026 |
| 24665FAD4 | 8.625% fixed | 2029-03-15 | USD | 103.78 | 7.02% | 277 bp | 44 | $64.7M | Jul 2026 |
| 24665FAE2 | 7.375% fixed | 2033-06-30 | USD | 102.30 | 6.95% | 249 bp | 49 | $67.1M | Jul 2026 |
| 24665FAG7 | 6.875% fixed | 2034-06-01 | USD | 100.48 | 6.79% | 229 bp | 53 | $63.7M | 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 | $195.5M | 102.30 | 6.95% | 249 bp | 53 |
| Jun 2026 | 3 | $299.5M | 101.92 | 6.99% | 269 bp | 89 |
| May 2026 | 4 | $197.9M | 102.34 | 6.85% | 269 bp | 43 |
| Apr 2026 | 3 | $235.1M | 103.21 | 6.93% | 312 bp | 51 |
| Mar 2026 | 3 | $284.0M | 100.80 | 7.23% | 338 bp | 69 |
| Feb 2026 | 3 | $205.4M | 103.40 | 6.86% | 338 bp | 46 |
| Jan 2026 | 3 | $249.5M | 102.88 | 6.87% | 324 bp | 56 |
| Dec 2025 | 3 | $289.8M | 102.05 | 6.96% | 334 bp | 78 |
| Nov 2025 | 3 | $153.5M | 102.47 | 6.95% | 329 bp | 45 |
| Oct 2025 | 3 | $235.7M | 101.46 | 7.12% | 333 bp | 55 |
| Sep 2025 | 3 | $287.0M | 101.73 | 7.08% | 338 bp | 73 |
| Aug 2025 | 3 | $149.4M | 100.41 | 7.13% | 328 bp | 44 |
| Jul 2025 | 3 | $208.2M | 100.51 | 7.32% | 335 bp | 52 |
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. 83 added, 117 cut, 55 new holders and 16 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $62.9M | $64.6M | $12.9M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $40.8M | $41.8M | $323K |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $29.1M | $29.5M | $8.7M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $23.3M | $24.0M | -$10.4M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $18.8M | $19.1M | -$457K |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $17.5M | $18.2M | -$10.7M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $16.3M | $16.6M | $1.9M |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $16.1M | $16.3M | $8.9M |
| Columbia Strategic Income Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $13.6M | $14.0M | $367K |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $12.1M | $12.0M | new |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $11.2M | $11.7M | -$9.9M |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $9.5M | $9.7M | -$1.3M |
| Nationwide Strategic Income Fund Nationwide Mutual Funds | 2026-07-31 | $9.6M | $9.7M | new |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $8.6M | $8.9M | -$23.5M |
| Columbia High Yield Bond Fund Columbia Funds Series Trust II | 2026-05-31 | $8.6M | $8.9M | -$1.0M |
| Goldman Sachs High Yield Fund GOLDMAN SACHS TRUST | 2026-06-30 | $8.4M | $8.6M | $211K |
| Thornburg Investment Income Builder Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $8.2M | $8.5M | -$5.0M |
| Lord Abbett Core Plus Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $8.0M | $8.1M | $5.1M |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $7.5M | $7.8M | -$4.1M |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $7.5M | $7.8M | -$2.8M |
| AB HIGH INCOME FUND INC | 2026-07-31 | $7.5M | $7.6M | -$500K |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $7.5M | $7.5M | new |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $6.5M | $6.7M | $597K |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $6.4M | $6.5M | new |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $6.1M | $6.3M | -$3.9M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Fidelity Capital and Income Fund ($17.7M), Greenspring Income Opportunities Fund ($3.6M), Fidelity Advisor Capital and Income Fund ($2.6M), Virtus Newfleet Short Duration High Income Fund ($2.0M), Invesco BulletShares 2028 High Yield Corporate Bond ETF ($1.9M), Fidelity High Income Central Fund ($1.5M), Mercer Opportunistic Fixed Income Fund ($1.5M), iShares iBonds 2028 Term High Yield and Income ETF ($1.1M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($536K), ProShares High Yield-Interest Rate Hedged ($436K).
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 | 3 | $40.8M | $41.8M | 0.15% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 3 | $23.3M | $24.0M | 0.15% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $18.8M | $19.1M | 0.17% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 3 | $16.3M | $16.6M | 0.23% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 2 | $7.5M | $7.8M | 0.48% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 3 | $6.5M | $6.7M | 0.19% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $6.0M | $6.2M | 0.08% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 3 | $4.4M | $4.6M | 0.88% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $4.4M | $4.5M | 0.19% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $4.1M | $4.2M | 0.09% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 2 | $3.6M | $3.6M | 0.07% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $3.2M | $3.3M | 0.13% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $2.7M | $2.8M | 0.31% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $2.6M | $2.6M | 0.01% |
| HYBL State Street(R) Blackstone High Income ETF | 2026-06-30 | 2 | $2.5M | $2.6M | 0.46% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.04: safer than 59% of companies (66th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.28B |
| Debt barrier (short-term + ½ long-term debt) | $1.19B |
| Equity volatility (1 year) | 29.7% |
| Asset value / asset volatility (solved) | $4.42B / 22.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 249 bp spread prices in about 4.2% 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'' = 0.68 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in DKL'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 | 9 | $10.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 77 | $648.0M | 4 | $3.0M | 6 | $22.8M | 0 |
| 2026-03-31 | 76 | $521.0M | 4 | $2.1M | 5 | $29.0M | 0 |
| 2025-12-31 | 73 | $409.5M | 4 | $1.5M | 5 | $7.8M | 0 |
| 2025-09-30 | 81 | $491.6M | 4 | $9.9M | 4 | $12.4M | 0 |
| 2025-06-30 | 88 | $483.0M | 8 | $22.5M | 6 | $9.8M | 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.