Hovnanian Enterprises, Inc. bonds HOV
Who owns Hovnanian Enterprises, 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. HOV 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 |
|---|---|---|---|---|---|---|---|---|---|
| 48251UAP3 | 8% fixed | 2031-04-01 | USD | 101.99 | 7.48% | 316 bp | 39 | $78.9M | Jul 2026 |
| 48251UAQ1 | 8.375% fixed | 2033-10-01 | USD | 101.65 | 8.06% | 360 bp | 36 | $47.5M | 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 | 2 | $126.4M | 101.82 | 7.77% | 338 bp | 39 |
| Jun 2026 | 2 | $228.6M | 103.01 | 7.52% | 325 bp | 64 |
| May 2026 | 2 | $48.6M | 101.06 | 7.95% | 372 bp | 21 |
| Apr 2026 | 2 | $120.4M | 100.68 | 8.03% | 399 bp | 39 |
| Mar 2026 | 2 | $193.7M | 98.95 | 8.41% | 445 bp | 65 |
| Feb 2026 | 2 | $42.8M | 102.76 | 7.61% | 379 bp | 18 |
| Jan 2026 | 2 | $109.0M | 102.36 | 7.69% | 378 bp | 42 |
| Dec 2025 | 2 | $185.1M | 101.87 | 7.79% | 395 bp | 73 |
| Nov 2025 | 2 | $46.0M | 102.94 | 7.59% | 378 bp | 19 |
| Oct 2025 | 2 | $104.1M | 102.30 | 7.73% | 393 bp | 46 |
| Sep 2025 | 2 | $163.7M | 102.55 | 7.68% | 386 bp | 79 |
| Aug 2025 | 1 | $6.1M | 108.16 | 9.30% | 556 bp | 7 |
| Jul 2025 | 1 | $17.8M | 108.23 | 9.31% | 541 bp | 20 |
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. 40 added, 20 cut, 7 new holders and 9 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| The Osterweis Strategic Income Fund Professionally Managed Portfolios | 2026-06-30 | $52.4M | $54.1M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $46.1M | $47.5M | $1.0M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $28.2M | $28.7M | $5.6M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $24.7M | $25.4M | new |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $19.1M | $19.5M | $2.6M |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $10.7M | $10.9M | $0 |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $9.3M | $9.5M | -$6.0M |
| Performance Trust Total Return Bond Fund Trust for Professional Managers | 2026-05-31 | $9.1M | $9.2M | $5.8M |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $8.9M | $9.0M | -$1.5M |
| T. Rowe Price U.S. High Yield ETF T. Rowe Price Exchange-Traded Funds, Inc. | 2026-05-31 | $7.6M | $7.6M | $0 |
| RBC BlueBay High Yield Bond Fund RBC Funds Trust | 2026-06-30 | $7.4M | $7.6M | -$2.9M |
| Global Opportunities Portfolio | 2026-07-31 | $7.1M | $7.3M | $0 |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $7.0M | $7.2M | $0 |
| Franklin High Yield Corporate ETF Franklin Templeton ETF Trust | 2026-06-30 | $6.4M | $6.6M | $1.8M |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $6.2M | $6.3M | -$680K |
| Catalyst/SMH High Income Fund MUTUAL FUND SERIES TRUST | 2026-06-30 | $6.0M | $6.2M | $2.5M |
| Nomura High Income Fund IVY FUNDS | 2026-06-30 | $5.8M | $5.9M | -$1.9M |
| HIGH INCOME OPPORTUNITIES PORTFOLIO High Income Opportunities Portfolio | 2026-07-31 | $5.5M | $5.6M | $0 |
| T. Rowe Price U.S. High Yield Fund T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $4.7M | $4.8M | -$435K |
| BlackRock High Yield V.I. Fund BlackRock Variable Series Funds II, Inc. | 2026-06-30 | $4.6M | $4.7M | $1.5M |
| Allspring Short-Term High Income Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $4.6M | $4.7M | $0 |
| BlackRock Corporate High Yield Fund, Inc. | 2026-06-30 | $4.5M | $4.7M | $0 |
| Principal Active High Yield ETF Principal Exchange-Traded Funds | 2026-06-30 | $4.4M | $4.5M | $553K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.9M | $4.0M | new |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $3.6M | $3.7M | $355K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Impax High Yield Bond Fund ($3.0M), Goldman Sachs High Yield Fund ($1.4M), Franklin Alternative Strategies Fund ($969K), CTIVP - American Century Diversified Bond Fund ($482K), AB High Yield ETF ($189K), RBC BlueBay Credit Opportunities Fund ($165K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($133K), Core Plus Fund ($35K), Nomura VIP Total Return Series ($8K).
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 | $19.1M | $19.5M | 0.07% |
| THYF T. Rowe Price U.S. High Yield ETF | 2026-05-31 | 1 | $7.6M | $7.6M | 0.94% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 2 | $6.4M | $6.6M | 0.56% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 2 | $6.2M | $6.3M | 0.57% |
| YLD Principal Active High Yield ETF | 2026-06-30 | 1 | $4.4M | $4.5M | 0.79% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $3.9M | $4.0M | 0.08% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $3.6M | $3.7M | 0.05% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $2.6M | $2.6M | 0.02% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $1.9M | $1.9M | 0.16% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $1.9M | $1.9M | 0.08% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $1.6M | $1.7M | 0.07% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 1 | $1.3M | $1.3M | 0.25% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.2M | $1.2M | 0.00% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $775K | $800K | 0.05% |
| CARY Angel Oak Income ETF | 2026-07-31 | 1 | $730K | $742K | 0.05% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.05: safer than 14% of companies (13th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-07-31.
| Equity value | $464.7M |
| Debt barrier (short-term + ½ long-term debt) | $467.5M |
| Equity volatility (1 year) | 62.4% |
| Asset value / asset volatility (solved) | $911.7M / 32.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 338 bp spread prices in about 5.6% 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'' = 3.43 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in HOV'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 | 13 | $2.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 178 | $471.7M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 149 | $324.6M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 148 | $310.9M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 165 | $420.0M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 153 | $326.1M | 1 | $0 | 1 | $0 | 0 |
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.