DaVita Inc. bonds DVA
Who owns DaVita 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. DVA 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 |
|---|---|---|---|---|---|---|---|---|---|
| 23918KAS7 | 4.625% fixed | 2030-06-01 | USD | 96.38 | 5.69% | 140 bp | 73 | $285.9M | Jul 2026 |
| 23918KAT5 | 3.75% fixed | 2031-02-15 | USD | 92.27 | 5.70% | 139 bp | 55 | $161.5M | Jul 2026 |
| BL5162658 | 0% fixed | 2031-05-09 | USD | — | — | — | 2 | $3.1M | Jun 2026 |
| 23918KAW8 | 6.875% fixed | 2032-09-01 | USD | 102.77 | 6.32% | 192 bp | 61 | $98.7M | Jul 2026 |
| 23918KAY4 | 6.75% fixed | 2033-07-15 | USD | 102.55 | 6.29% | 183 bp | 42 | $90.9M | 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 | 4 | $637.0M | 99.46 | 6.00% | 162 bp | 73 |
| Jun 2026 | 5 | $917.1M | 100.04 | 5.87% | 160 bp | 123 |
| May 2026 | 4 | $724.9M | 100.25 | 5.81% | 159 bp | 64 |
| Apr 2026 | 4 | $652.6M | 99.97 | 5.85% | 184 bp | 79 |
| Mar 2026 | 5 | $975.3M | 98.99 | 6.05% | 212 bp | 115 |
| Feb 2026 | 4 | $740.9M | 100.86 | 5.68% | 189 bp | 64 |
| Jan 2026 | 4 | $624.8M | 99.47 | 5.97% | 208 bp | 77 |
| Dec 2025 | 5 | $993.6M | 100.52 | 5.78% | 196 bp | 116 |
| Nov 2025 | 4 | $721.9M | 100.48 | 5.74% | 196 bp | 62 |
| Oct 2025 | 4 | $606.2M | 100.08 | 5.84% | 206 bp | 75 |
| Sep 2025 | 5 | $1.01B | 99.53 | 5.93% | 215 bp | 105 |
| Aug 2025 | 4 | $700.6M | 99.86 | 5.90% | 194 bp | 66 |
| Jul 2025 | 4 | $583.3M | 99.13 | 5.98% | 190 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. 78 added, 93 cut, 14 new holders and 18 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $260.0M | $258.9M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $250.4M | $238.0M | -$9.1M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $131.0M | $127.7M | $9.4M |
| American High Income Trust | 2026-06-30 | $122.6M | $122.6M | -$34.8M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $92.4M | $90.8M | -$1.1M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $68.4M | $66.1M | $2.7M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $64.3M | $62.2M | -$4.5M |
| Income Fund of America | 2026-07-31 | $58.6M | $57.0M | -$4.9M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $43.4M | $42.8M | $4.4M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $35.6M | $34.5M | $0 |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $35.7M | $34.2M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $35.1M | $33.6M | $456K |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $32.7M | $31.1M | -$1.3M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $30.4M | $30.5M | -$31.0M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $29.5M | $27.8M | $0 |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $24.4M | $24.1M | $0 |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $22.9M | $23.7M | $0 |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $22.8M | $21.7M | $417K |
| AB HIGH INCOME FUND INC | 2026-07-31 | $20.5M | $19.7M | $0 |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $18.9M | $19.5M | -$640K |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $18.9M | $18.6M | -$1.6M |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $17.9M | $17.3M | $0 |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $17.8M | $17.0M | -$1.8M |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $16.1M | $16.6M | -$1.5M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $17.1M | $16.1M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Short Duration High Yield Fund ($9.9M), Capital Income Builder ($8.3M), Bond Fund of America ($6.0M), State Street(R) Blackstone High Income ETF ($1.5M), Goldman Sachs Multi-Manager Non-Core Fixed Income Fund ($1.3M), PGIM Core Bond Fund ($1.1M), SIMT Multi-Asset Income Fund ($714K), PIMCO High Yield Spectrum Fund ($700K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($697K), Capital Group High Yield Bond ETF ($600K).
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 | 4 | $131.0M | $127.7M | 0.45% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 4 | $92.4M | $90.8M | 0.56% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 4 | $43.4M | $42.8M | 0.38% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $32.7M | $31.1M | 0.41% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 2 | $22.8M | $21.7M | 0.44% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 4 | $18.9M | $18.6M | 0.53% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 2 | $17.8M | $17.0M | 1.05% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 2 | $16.1M | $16.6M | 0.32% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $15.3M | $15.8M | 0.22% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 4 | $12.5M | $12.3M | 0.51% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 2 | $11.9M | $11.4M | 0.87% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 1 | $11.4M | $11.1M | 0.93% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 4 | $10.1M | $9.9M | 0.39% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $7.4M | $7.2M | 0.02% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 3 | $6.8M | $6.8M | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.70: safer than 34% of companies (33th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $11.94B |
| Debt barrier (short-term + ½ long-term debt) | $5.45B |
| Equity volatility (1 year) | 44.4% |
| Asset value / asset volatility (solved) | $17.16B / 30.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 162 bp spread prices in about 2.7% 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'' = 1.24 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in DVA'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 | 73 | $88.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 616 | $12.76B | 21 | $227.7M | 22 | $386.7M | 0 |
| 2026-03-31 | 561 | $8.63B | 19 | $131.9M | 17 | $120.6M | 0 |
| 2025-12-31 | 521 | $7.33B | 18 | $125.6M | 19 | $92.0M | 1 |
| 2025-09-30 | 554 | $8.89B | 23 | $179.4M | 17 | $85.1M | 1 |
| 2025-06-30 | 580 | $9.99B | 22 | $203.5M | 19 | $105.1M | 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.