The Howard Hughes Corporation bonds HHC
Who owns The Howard Hughes Corporation'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. HHC 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 |
|---|---|---|---|---|---|---|---|---|---|
| 44267DAE7 | 4.125% fixed | 2029-02-01 | USD | 96.41 | 5.68% | 144 bp | 35 | $103.2M | Jul 2026 |
| 44267DAF4 | 4.375% fixed | 2031-02-01 | USD | 93.52 | 6.04% | 173 bp | 31 | $121.4M | Jul 2026 |
| 44267DAG2 | 5.875% fixed | 2032-03-01 | USD | 97.70 | 6.37% | 200 bp | 30 | $44.3M | Jul 2026 |
| 44267DAH0 | 6.125% fixed | 2034-03-01 | USD | 97.49 | 6.55% | 206 bp | 28 | $50.7M | 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 | 4 | $319.5M | 96.95 | 6.20% | 186 bp | 35 |
| Jun 2026 | 4 | $602.6M | 97.75 | 5.88% | 166 bp | 61 |
| May 2026 | 4 | $320.0M | 97.15 | 6.07% | 190 bp | 33 |
| Apr 2026 | 4 | $321.0M | 97.18 | 6.10% | 213 bp | 38 |
| Mar 2026 | 4 | $568.6M | 95.38 | 6.49% | 259 bp | 62 |
| Feb 2026 | 4 | $298.1M | 98.31 | 5.71% | 198 bp | 33 |
| Jan 2026 | 3 | $355.1M | 96.77 | 5.37% | 179 bp | 39 |
| Dec 2025 | 3 | $424.0M | 97.23 | 5.19% | 166 bp | 49 |
| Nov 2025 | 3 | $303.7M | 97.01 | 5.35% | 170 bp | 32 |
| Oct 2025 | 3 | $350.0M | 96.14 | 5.43% | 189 bp | 38 |
| Sep 2025 | 3 | $418.3M | 95.99 | 5.49% | 194 bp | 49 |
| Aug 2025 | 3 | $301.2M | 95.65 | 5.54% | 184 bp | 30 |
| Jul 2025 | 3 | $341.6M | 95.50 | 5.58% | 174 bp | 37 |
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. 62 added, 31 cut, 7 new holders and 6 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $237.3M | $229.1M | $0 |
| Income Fund of America | 2026-07-31 | $195.3M | $186.2M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $115.9M | $111.5M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $89.0M | $87.3M | $0 |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $60.0M | $58.2M | $3.5M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $42.9M | $41.2M | $3.7M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $34.3M | $33.5M | $2.0M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $32.9M | $31.7M | $13.3M |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $32.3M | $31.5M | $2.5M |
| Bond Fund of America | 2026-06-30 | $28.0M | $26.9M | $0 |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $23.1M | $22.9M | $0 |
| Capital Group Core Plus Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $23.2M | $22.7M | $8.1M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $19.9M | $19.3M | $0 |
| American Funds Strategic Bond Fund | 2026-06-30 | $18.0M | $17.8M | $0 |
| T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. | 2026-05-31 | $16.1M | $15.6M | $1.3M |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $14.2M | $13.5M | -$3.4M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $12.5M | $12.2M | $1.7M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $11.1M | $10.6M | $160K |
| T. Rowe Price New Income Fund, Inc. T. ROWE PRICE NEW INCOME FUND, INC. | 2026-05-31 | $9.9M | $9.7M | $1.4M |
| Asset Allocation Fund AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $8.7M | $8.4M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $8.5M | $8.1M | -$2.1M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $8.3M | $8.1M | $0 |
| JNL/PPM America High Yield Bond Fund JNL Series Trust | 2026-06-30 | $7.8M | $7.7M | $3.4M |
| BlackRock Event Driven Equity Fund BlackRock Large Cap Series Funds, Inc. | 2026-05-29 | $8.0M | $7.7M | new |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $7.7M | $7.4M | $1.2M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): FlexShares High Yield Value - Scored Bond Index Fund ($1.2M), PGIM Floating Rate Income Fund ($770K), GMO High Yield Fund ($400K), Voya Multi-Sector Income ETF ($400K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($249K), BlackRock Global Allocation Fund, Inc. ($127K).
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 | $42.9M | $41.2M | 0.14% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 4 | $32.9M | $31.7M | 0.20% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 4 | $32.3M | $31.5M | 0.61% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 4 | $23.2M | $22.7M | 0.27% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 2 | $14.2M | $13.5M | 0.83% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 4 | $12.5M | $12.2M | 0.11% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $11.1M | $10.6M | 0.14% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 4 | $7.0M | $6.8M | 0.19% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 4 | $6.1M | $5.9M | 0.46% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 2 | $5.1M | $4.8M | 0.10% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 4 | $4.4M | $4.3M | 0.18% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 4 | $4.3M | $4.2M | 0.06% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $3.4M | $3.2M | 0.13% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 3 | $3.3M | $3.2M | 0.61% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $2.7M | $2.6M | 0.01% |
Default risk, three ways
Stock market: distance-to-default
No stock-market measure for this issuer.
Bond market: priced-in odds
A 186 bp spread prices in about 3.1% 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
Not available.
The stock side: 13F filings
What institutions report holding in HHC'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 | 1 | $831K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 2 | $836K | 0 | — | 0 | — | 0 |
| 2026-03-31 | 2 | $740K | 0 | — | 0 | — | 0 |
| 2025-12-31 | 2 | $933K | 0 | — | 0 | — | 1 |
| 2025-09-30 | 2 | $969K | 0 | — | 0 | — | 1 |
| 2025-06-30 | 2 | $796K | 0 | — | 0 | — | 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.