Hilton Worldwide Holdings Inc. bonds HLT
Who owns Hilton Worldwide Holdings 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. HLT 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 |
|---|---|---|---|---|---|---|---|---|---|
| 432891AK5 | 4.875% fixed | 2027-04-01 | USD | 99.95 | 4.94% | 103 bp | 13 | $28.9M | Jul 2026 |
| 432833AP6 | 5.875% fixed | 2029-04-01 | USD | 100.76 | 5.56% | 132 bp | 38 | $53.4M | Jul 2026 |
| 432833AJ0 | 3.75% fixed | 2029-05-01 | USD | 95.84 | 5.40% | 114 bp | 25 | $49.0M | Jul 2026 |
| 432833AF8 | 4.875% fixed | 2030-01-15 | USD | 98.60 | 5.32% | 105 bp | 30 | $137.4M | Jul 2026 |
| 432833AL5 | 4% fixed | 2031-05-01 | USD | 93.85 | 5.49% | 117 bp | 40 | $125.5M | Jul 2026 |
| 432833AU5 | 5.5% fixed | 2031-09-15 | USD | 99.09 | 5.71% | 137 bp | 53 | $166.1M | Jul 2026 |
| 432833AN1 | 3.625% fixed | 2032-02-15 | USD | 90.49 | 5.65% | 128 bp | 37 | $87.4M | Jul 2026 |
| 432833AQ4 | 6.125% fixed | 2032-04-01 | USD | 100.88 | 5.94% | 156 bp | 23 | $34.7M | Jul 2026 |
| 432833AR2 | 5.875% fixed | 2033-03-15 | USD | 99.98 | 5.88% | 144 bp | 39 | $131.8M | Jul 2026 |
| 432833AS0 | 5.75% fixed | 2033-09-15 | USD | 99.12 | 5.90% | 144 bp | 43 | $129.6M | Jul 2026 |
| 432833AT8 | 5.5% fixed | 2034-03-31 | USD | 97.96 | 5.83% | 134 bp | 42 | $88.8M | 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 | $35K | 99.91 | 5.76% | 124 bp | 1 |
| Jul 2026 | 11 | $1.03B | 99.09 | 5.68% | 133 bp | 53 |
| Jun 2026 | 11 | $2.00B | 99.91 | 5.43% | 124 bp | 101 |
| May 2026 | 11 | $656.4M | 99.98 | 5.33% | 120 bp | 47 |
| Apr 2026 | 10 | $864.6M | 99.52 | 5.36% | 143 bp | 49 |
| Mar 2026 | 10 | $1.78B | 99.06 | 5.49% | 164 bp | 99 |
| Feb 2026 | 10 | $613.7M | 100.58 | 5.00% | 136 bp | 44 |
| Jan 2026 | 10 | $885.8M | 100.35 | 5.07% | 133 bp | 51 |
| Dec 2025 | 10 | $1.81B | 100.52 | 5.05% | 137 bp | 108 |
| Nov 2025 | 10 | $566.3M | 100.27 | 5.02% | 134 bp | 44 |
| Oct 2025 | 10 | $855.7M | 100.09 | 5.15% | 145 bp | 56 |
| Sep 2025 | 10 | $1.76B | 99.88 | 5.23% | 152 bp | 108 |
| Aug 2025 | 10 | $577.2M | 99.98 | 5.26% | 142 bp | 46 |
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. 190 added, 52 cut, 38 new holders and 15 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| T. Rowe Price Capital Appreciation Fund T. ROWE PRICE CAPITAL APPRECIATION FUND, INC. | 2026-06-30 | $681.8M | $660.9M | $15.6M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $171.9M | $166.6M | $22.0M |
| JNL/T. Rowe Price Capital Appreciation Fund JNL Series Trust | 2026-06-30 | $160.6M | $155.4M | $9.6M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $151.2M | $147.8M | $21.8M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $128.2M | $124.5M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $114.3M | $111.6M | -$5.8M |
| Income Fund of America | 2026-07-31 | $94.1M | $91.9M | $0 |
| American High Income Trust | 2026-06-30 | $89.2M | $88.2M | $32.1M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $75.3M | $74.4M | $18.7M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $72.0M | $72.0M | $32.8M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $70.7M | $69.7M | $12.0M |
| VY(R) T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO Voya Investors Trust | 2026-06-30 | $68.8M | $66.9M | $1.6M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $68.8M | $66.8M | $9.4M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $51.1M | $51.4M | $5.8M |
| Penn Series Flexibly Managed Fund Penn Series Funds Inc | 2026-06-30 | $51.9M | $50.3M | $1.0M |
| Fidelity Real Estate Income Fund Fidelity Securities Fund | 2026-07-31 | $48.8M | $46.6M | $6.5M |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $42.4M | $41.9M | $8.4M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $40.0M | $40.6M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $38.6M | $37.9M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $39.0M | $36.1M | $0 |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $33.8M | $33.4M | $5.2M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $34.0M | $32.1M | -$6.5M |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $29.2M | $29.1M | $3.4M |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $29.3M | $29.0M | $6.5M |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $28.3M | $27.8M | $806K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): AB Core Bond Portfolio ($3.6M), Credit Suisse Strategic Income Fund ($1.4M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($1.2M), Columbia Total Return Bond Fund ($567K), CREDIT SUISSE HIGH YIELD CREDIT FUND ($511K), Allspring Diversified Income Builder Fund ($480K), AB Bond Inflation Strategy ($383K), SIMT Multi-Asset Inflation Managed Fund ($378K), CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC. ($360K), BlackRock Global Allocation Fund, Inc. ($355K).
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 | 10 | $171.9M | $166.6M | 0.58% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 10 | $114.3M | $111.6M | 0.69% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 10 | $68.8M | $66.8M | 0.59% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 10 | $28.3M | $27.8M | 0.80% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 5 | $27.3M | $27.4M | 0.37% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 5 | $27.1M | $26.6M | 0.35% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 10 | $18.6M | $18.3M | 0.76% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 4 | $17.8M | $17.8M | 0.81% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 5 | $16.9M | $16.8M | 0.34% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 10 | $15.0M | $14.7M | 0.58% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 7 | $13.6M | $13.6M | 0.11% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 2 | $12.9M | $12.8M | 0.79% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 4 | $11.6M | $11.3M | 0.22% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 10 | $11.6M | $11.2M | 0.03% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 6 | $11.2M | $11.2M | 0.12% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 11.40: safer than 85% of companies (84th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $77.62B |
| Debt barrier (short-term + ½ long-term debt) | $6.98B |
| Equity volatility (1 year) | 23.9% |
| Asset value / asset volatility (solved) | $84.31B / 22.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 133 bp spread prices in about 2.2% 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'' = 0.04 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in HLT'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 | 167 | $816.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,277 | $67.00B | 29 | $585.4M | 25 | $1.07B | 1 |
| 2026-03-31 | 1,168 | $53.35B | 31 | $631.8M | 23 | $926.4M | 1 |
| 2025-12-31 | 1,131 | $60.50B | 29 | $831.5M | 33 | $1.14B | 1 |
| 2025-09-30 | 1,043 | $55.91B | 26 | $361.8M | 27 | $918.3M | 1 |
| 2025-06-30 | 1,031 | $59.60B | 31 | $806.8M | 36 | $1.31B | 1 |
Officials trading HLT bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2025-09-10 | Dave McCormick | sale full | HILTON WORLDWIDE FINANCE Rate/Coupon: 4.875% Matures: 04/01/2027 | $250,001 - $500,000 | 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.