HCA Healthcare, Inc. bonds HCA
Who owns HCA Healthcare, 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. HCA 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 |
|---|---|---|---|---|---|---|---|---|---|
| 404121AH8 | 5.375% fixed | 2026-09-01 | USD | 100.08 | 5.10% | 148 bp | 8 | $38.7M | Apr 2026 |
| 404119BU2 | 4.5% fixed | 2027-02-15 | USD | 100.00 | 4.50% | 65 bp | 16 | $70.8M | Jul 2026 |
| 404119CH0 | 3.125% fixed | 2027-03-15 | USD | 99.17 | 4.48% | 59 bp | 22 | $70.5M | Jul 2026 |
| 197677AJ6 | 7.05% fixed | 2027-12-01 | USD | 103.15 | 4.73% | 74 bp | 1 | $242K | Jun 2026 |
| 404119CY3 | 5% fixed | 2028-03-01 | USD | 100.44 | 4.70% | 55 bp | 27 | $63.2M | Jul 2026 |
| 404119CP2 | 5.2% fixed | 2028-06-01 | USD | 100.81 | 4.73% | 54 bp | 25 | $55.8M | Jul 2026 |
| 404121AJ4 | 5.625% fixed | 2028-09-01 | USD | 101.33 | 4.95% | 72 bp | 18 | $41.6M | Jul 2026 |
| 404119BW8 | 5.875% fixed | 2029-02-01 | USD | 101.93 | 5.04% | 80 bp | 17 | $55.0M | Jul 2026 |
| 404119CJ6 | 3.375% fixed | 2029-03-15 | USD | 96.46 | 4.83% | 58 bp | 13 | $19.4M | Jul 2026 |
| 404119BX6 | 4.125% fixed | 2029-06-15 | USD | 98.10 | 4.84% | 58 bp | 32 | $71.9M | Jul 2026 |
| 404119CZ0 | 5.25% fixed | 2030-03-01 | USD | 100.74 | 5.02% | 74 bp | 23 | $48.8M | Jul 2026 |
| 404119CA5 | 3.5% fixed | 2030-09-01 | USD | 94.26 | 5.07% | 77 bp | 30 | $159.7M | Jul 2026 |
| 404119DD8 | 4.3% fixed | 2030-11-15 | USD | 96.95 | 5.10% | 79 bp | 23 | $61.2M | Jul 2026 |
| 404119CT4 | 5.45% fixed | 2031-04-01 | USD | 101.27 | 5.14% | 82 bp | 30 | $33.0M | Jul 2026 |
| 404119CC1 | 2.375% fixed | 2031-07-15 | USD | 87.93 | 5.17% | 84 bp | 19 | $54.1M | Jul 2026 |
| 404119DA4 | 5.5% fixed | 2032-03-01 | USD | 101.05 | 5.28% | 91 bp | 13 | $46.1M | Jul 2026 |
| 404119CK3 | 3.625% fixed | 2032-03-15 | USD | 92.09 | 5.27% | 90 bp | 25 | $130.6M | Jul 2026 |
| 404119DE6 | 4.6% fixed | 2032-11-15 | USD | 96.15 | 5.33% | 91 bp | 21 | $119.9M | Jul 2026 |
| 404119DK2 | 5% fixed | 2033-05-15 | USD | 97.52 | 5.44% | 99 bp | 12 | $100.7M | Jul 2026 |
| 404119CQ0 | 5.5% fixed | 2033-06-01 | USD | 100.47 | 5.42% | 97 bp | 18 | $43.2M | Jul 2026 |
| 404119AJ8 | 7.5% fixed | 2033-11-06 | USD | 110.92 | 5.64% | 117 bp | 16 | $70.4M | Jul 2026 |
| 404119CU1 | 5.6% fixed | 2034-04-01 | USD | 100.54 | 5.51% | 102 bp | 26 | $53.5M | Jul 2026 |
| 404121AK1 | 5.45% fixed | 2034-09-15 | USD | 99.33 | 5.55% | 104 bp | 26 | $26.9M | Jul 2026 |
| 404119DB2 | 5.75% fixed | 2035-03-01 | USD | 100.87 | 5.62% | 109 bp | 20 | $51.2M | Jul 2026 |
| 404119DF3 | 4.9% fixed | 2035-11-15 | USD | 94.63 | 5.65% | 108 bp | 19 | $39.3M | Jul 2026 |
| 404119DL0 | 5.3% fixed | 2036-05-15 | USD | 96.96 | 5.71% | 112 bp | 22 | $126.8M | Jul 2026 |
| 19767QAS4 | 7.75% fixed | 2036-07-15 | USD | 111.25 | 6.22% | 162 bp | 2 | $24.8M | Jul 2026 |
| 404119BY4 | 5.125% fixed | 2039-06-15 | USD | 92.64 | 5.95% | 120 bp | 17 | $8.7M | Jul 2026 |
| 404119BV0 | 5.5% fixed | 2047-06-15 | USD | 89.17 | 6.45% | 134 bp | 13 | $6.0M | Jul 2026 |
| 404119BZ1 | 5.25% fixed | 2049-06-15 | USD | 85.54 | 6.47% | 136 bp | 17 | $9.1M | Jul 2026 |
| 404119CB3 | 3.5% fixed | 2051-07-15 | USD | 63.78 | 6.43% | 133 bp | 14 | $4.6M | Jul 2026 |
| 404119CL1 | 4.625% fixed | 2052-03-15 | USD | 77.11 | 6.47% | 136 bp | 15 | $9.3M | Jul 2026 |
| 404119CR8 | 5.9% fixed | 2053-06-01 | USD | 92.39 | 6.50% | 140 bp | 13 | $14.4M | Jul 2026 |
| 404119CV9 | 6% fixed | 2054-04-01 | USD | 93.83 | 6.48% | 138 bp | 22 | $14.6M | Jul 2026 |
| 404121AL9 | 5.95% fixed | 2054-09-15 | USD | 93.02 | 6.49% | 139 bp | 6 | $2.6M | Jul 2026 |
| 404119DC0 | 6.2% fixed | 2055-03-01 | USD | 96.52 | 6.47% | 137 bp | 14 | $3.0M | Jul 2026 |
| 404119DH9 | 5.7% fixed | 2055-11-15 | USD | 89.95 | 6.47% | 137 bp | 13 | $21.0M | Jul 2026 |
| 404119CW7 | 6.1% fixed | 2064-04-01 | USD | 93.59 | 6.56% | 146 bp | 12 | $7.3M | Jul 2026 |
| 197677AH0 | 7.5% fixed | 2095-11-15 | USD | 103.99 | 7.21% | 211 bp | 1 | $2.3M | 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 | 37 | $1.74B | 96.96 | 5.51% | 102 bp | 32 |
| Jun 2026 | 38 | $4.94B | 99.17 | 5.22% | 87 bp | 92 |
| May 2026 | 38 | $3.14B | 98.96 | 5.20% | 88 bp | 50 |
| Apr 2026 | 39 | $1.96B | 99.06 | 5.21% | 103 bp | 31 |
| Mar 2026 | 48 | $5.95B | 99.53 | 5.22% | 111 bp | 91 |
| Feb 2026 | 43 | $3.34B | 100.08 | 4.72% | 80 bp | 52 |
| Jan 2026 | 40 | $1.86B | 99.71 | 4.87% | 86 bp | 33 |
| Dec 2025 | 46 | $5.65B | 99.77 | 4.79% | 89 bp | 90 |
| Nov 2025 | 41 | $3.21B | 100.18 | 4.66% | 84 bp | 51 |
| Oct 2025 | 38 | $2.02B | 100.20 | 4.76% | 95 bp | 33 |
| Sep 2025 | 35 | $4.57B | 100.39 | 4.81% | 96 bp | 89 |
| Aug 2025 | 36 | $3.10B | 100.09 | 4.99% | 99 bp | 47 |
| Jul 2025 | 36 | $1.76B | 100.00 | 5.11% | 95 bp | 35 |
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. 208 added, 222 cut, 27 new holders and 69 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $571.4M | $543.1M | $21.4M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $547.1M | $529.0M | $30.5M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $437.8M | $436.2M | $10.1M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $452.6M | $434.3M | -$50.9M |
| Dodge & Cox Income Fund Dodge & Cox Funds | 2026-06-30 | $307.8M | $305.6M | $1.5M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $252.3M | $239.8M | -$22.5M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $218.2M | $214.7M | $19.9M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $205.0M | $208.8M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $203.2M | $195.1M | $18.3M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $170.0M | $162.4M | -$5.6M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $179.8M | $161.3M | -$1.2M |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $158.1M | $149.6M | $0 |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $122.2M | $122.9M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $123.6M | $121.9M | $223K |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $121.5M | $116.3M | $0 |
| PIMCO Short-Term Fund PIMCO Funds | 2026-06-30 | $107.4M | $107.3M | -$22.2M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $102.2M | $100.9M | $4.0M |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $99.0M | $98.5M | $6.5M |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $96.7M | $93.6M | $6.1M |
| Core Fixed Income Fund Principal Funds, Inc | 2026-07-31 | $94.5M | $93.1M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $90.7M | $88.8M | -$1.0M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $91.7M | $88.2M | $23.7M |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $89.8M | $86.9M | $58.0M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $82.9M | $82.3M | $14.4M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $82.7M | $79.1M | $5.2M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO CommoditiesPLUS Strategy Fund ($78.5M), PIMCO Low Duration Income Fund ($47.6M), PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged) ($46.1M), Baird Ultra Short Bond Fund ($44.1M), PIMCO StocksPLUS Fund ($36.4M), Invesco BulletShares 2026 Corporate Bond ETF ($29.8M), Janus Henderson Balanced Fund ($27.2M), iShares iBonds Dec 2026 Term Corporate ETF ($25.7M), PIMCO International Bond Fund (U.S. Dollar-Hedged) ($22.2M), PIMCO Low Duration Fund ($21.9M).
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 | 31 | $547.1M | $529.0M | 0.13% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 12 | $437.8M | $436.2M | 0.64% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 25 | $252.3M | $239.8M | 0.81% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 11 | $218.2M | $214.7M | 0.43% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 32 | $170.0M | $162.4M | 0.12% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 10 | $123.6M | $121.9M | 0.23% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 12 | $102.2M | $100.9M | 0.55% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 10 | $82.9M | $82.3M | 0.12% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 33 | $82.7M | $79.1M | 0.46% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 10 | $71.4M | $71.0M | 0.32% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 11 | $68.9M | $68.0M | 0.59% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 12 | $69.8M | $62.1M | 0.67% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 14 | $53.0M | $51.2M | 0.41% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 5 | $52.9M | $50.6M | 0.19% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 20 | $51.2M | $50.5M | 0.44% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.22: safer than 60% of companies (56th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $98.69B |
| Debt barrier (short-term + ½ long-term debt) | $27.53B |
| Equity volatility (1 year) | 31.1% |
| Asset value / asset volatility (solved) | $125.07B / 24.6% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 102 bp spread prices in about 1.7% 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'' = 0.45 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in HCA'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 | 184 | $601.3M | 1 | $890K | 0 | — | 0 |
| 2026-06-30 | 1,321 | $49.70B | 32 | $362.8M | 30 | $648.2M | 0 |
| 2026-03-31 | 1,401 | $53.51B | 30 | $525.8M | 30 | $555.1M | 0 |
| 2025-12-31 | 1,376 | $62.26B | 31 | $823.3M | 32 | $766.6M | 0 |
| 2025-09-30 | 1,268 | $57.74B | 30 | $641.8M | 30 | $810.0M | 0 |
| 2025-06-30 | 1,225 | $55.25B | 28 | $817.8M | 32 | $774.3M | 1 |
Officials trading HCA bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2026-06-30 | William R. Keating | purchase | HCA Healthcare Inc | $15,001 - $50,000 | filing |
| 2026-06-30 | William R. Keating | purchase | HCA INC. NOTE CALL MAKE WHOLE 5.62500% 09/01/2028 | $15,001 - $50,000 | filing |
| 2026-06-29 | William R. Keating | purchase | HCA INC. NOTE CALL MAKE WHOLE 5.62500% 09/01/2028 | $15,001 - $50,000 | filing |
| 2026-03-26 | President Donald J. Trump | purchase | HCA INC B/E 05.450% 091534 DTD081224 FC031525 CALL@MW+258P YTM = 5.261 UNSOLICITED ACCRUED | $250,001 - $500,000 | filing |
| 2025-10-31 | President Donald J. Trump | purchase | HCA INC B/E 05.450% 091534 DTD081224 | $100,001 - $250,000 | filing |
| 2022-05-07 | Alan S. Lowenthal | sale | HCA Healthcare Inc | $1,001 - $15,000 | filing |
| 2022-03-07 | Alan S. Lowenthal | purchase | HCA Healthcare Inc | $1,001 - $15,000 | filing |
| 2022-03-07 | Alan S. Lowenthal | purchase | HCA Healthcare Inc | $1,001 - $15,000 | filing |
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.