The GEO Group, Inc. bonds GEO
Who owns The GEO Group, 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. GEO 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 |
|---|---|---|---|---|---|---|---|---|---|
| 36162JAG1 | 8.625% fixed | 2029-04-15 | USD | 104.25 | 6.87% | 262 bp | 42 | $92.0M | Jul 2026 |
| 36162JAH9 | 10.25% fixed | 2031-04-15 | USD | 107.85 | 8.20% | 388 bp | 36 | $89.2M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $33.9M | 107.59 | 8.24% | 388 bp | 1 |
| Jul 2026 | 2 | $181.2M | 106.05 | 7.54% | 325 bp | 42 |
| Jun 2026 | 2 | $207.0M | 106.13 | 7.56% | 339 bp | 53 |
| May 2026 | 2 | $256.5M | 106.33 | 7.54% | 345 bp | 46 |
| Apr 2026 | 2 | $177.1M | 105.69 | 7.75% | 387 bp | 45 |
| Mar 2026 | 2 | $179.3M | 105.27 | 7.89% | 409 bp | 45 |
| Feb 2026 | 2 | $250.8M | 105.78 | 7.77% | 416 bp | 43 |
| Jan 2026 | 2 | $186.9M | 106.86 | 7.53% | 382 bp | 41 |
| Dec 2025 | 2 | $167.7M | 107.37 | 7.41% | 376 bp | 45 |
| Nov 2025 | 2 | $255.2M | 107.65 | 7.37% | 372 bp | 43 |
| Oct 2025 | 2 | $199.9M | 107.54 | 7.42% | 380 bp | 41 |
| Sep 2025 | 2 | $170.3M | 107.99 | 7.34% | 370 bp | 43 |
| Aug 2025 | 2 | $234.9M | 108.02 | 7.37% | 359 bp | 43 |
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. 44 added, 34 cut, 18 new holders and 4 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 | $54.1M | $56.4M | $0 |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $47.8M | $50.8M | $0 |
| Allspring Short-Term High Income Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $41.5M | $43.6M | $0 |
| American Beacon SiM High Yield Opportunities Fund AMERICAN BEACON FUNDS | 2026-05-31 | $31.5M | $34.1M | $0 |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $31.1M | $32.4M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $29.3M | $31.1M | $5.6M |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $20.7M | $22.0M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $17.6M | $18.7M | -$3.2M |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $16.4M | $17.0M | $7.4M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $14.6M | $15.5M | $3.2M |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $13.3M | $14.2M | $1.9M |
| High Yield Bond Series Manning & Napier Fund, Inc. | 2026-06-30 | $13.0M | $14.0M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $12.3M | $13.0M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.7M | $12.5M | $1.5M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $11.1M | $11.7M | $1.5M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $9.9M | $10.4M | $4.5M |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $9.3M | $9.9M | $0 |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.3M | $9.9M | $5.5M |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $9.0M | $9.7M | $2.4M |
| Buffalo High Yield Fund Buffalo Funds | 2026-06-30 | $9.0M | $9.6M | $0 |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $8.9M | $9.4M | $0 |
| Thornburg Investment Income Builder Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $9.0M | $9.3M | $0 |
| Fidelity Advisor Capital and Income Fund Fidelity Advisor Series I | 2026-07-31 | $8.3M | $8.8M | $0 |
| Invesco BulletShares 2027 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $7.1M | $7.7M | $1.2M |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $6.0M | $6.4M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): BlackRock Global Allocation Fund, Inc. ($115K), Global Atlantic BlackRock High Yield Portfolio ($63K), BondBloxx B Rated USD High Yield Corporate Bond ETF ($50K), iShares Core 5-10 Year USD Bond ETF ($10K).
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 | 2 | $29.3M | $31.1M | 0.11% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $17.6M | $18.7M | 0.12% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $14.6M | $15.5M | 0.14% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $11.7M | $12.5M | 0.17% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $9.9M | $10.4M | 0.14% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 2 | $9.3M | $9.9M | 0.20% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $7.1M | $7.7M | 0.91% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $5.7M | $6.0M | 0.27% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 2 | $4.7M | $5.0M | 0.96% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 2 | $3.9M | $4.2M | 0.02% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $3.8M | $4.1M | 0.12% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $2.2M | $2.4M | 0.10% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $2.1M | $2.2M | 0.09% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.3M | $1.4M | 0.00% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $1.3M | $1.3M | 0.26% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.17: safer than 39% of companies (38th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.64B |
| Debt barrier (short-term + ½ long-term debt) | $786.6M |
| Equity volatility (1 year) | 48.7% |
| Asset value / asset volatility (solved) | $4.39B / 40.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 325 bp spread prices in about 5.4% 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 = 2.41 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in GEO'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 | 19 | $121.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 282 | $3.65B | 13 | $78.0M | 15 | $243.8M | 0 |
| 2026-03-31 | 244 | $1.86B | 15 | $57.4M | 17 | $138.4M | 0 |
| 2025-12-31 | 267 | $1.97B | 17 | $62.0M | 19 | $260.8M | 1 |
| 2025-09-30 | 274 | $2.66B | 20 | $152.0M | 30 | $407.9M | 1 |
| 2025-06-30 | 281 | $3.04B | 21 | $161.7M | 27 | $349.1M | 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.