Herc Holdings Inc. bonds HRI
Who owns Herc 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. HRI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 42704LAE4 | 6.625% fixed | 2029-06-15 | USD | 101.80 | 5.93% | 168 bp | 47 | $79.6M | Jul 2026 |
| 42704LAF1 | 7% fixed | 2030-06-15 | USD | 103.14 | 6.07% | 178 bp | 97 | $223.3M | Jul 2026 |
| 42704LAH7 | 5.75% fixed | 2031-03-15 | USD | 99.04 | 5.99% | 167 bp | 58 | $82.8M | Jul 2026 |
| 42704LAG9 | 7.25% fixed | 2033-06-15 | USD | 103.21 | 6.66% | 221 bp | 95 | $160.2M | Jul 2026 |
| 42704LAK0 | 6% fixed | 2034-03-15 | USD | 98.10 | 6.32% | 183 bp | 56 | $60.3M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 2 | $30K | 99.19 | 6.02% | 157 bp | 1 |
| Jul 2026 | 5 | $606.3M | 101.80 | 6.07% | 178 bp | 97 |
| Jun 2026 | 5 | $948.5M | 102.14 | 5.97% | 174 bp | 169 |
| May 2026 | 5 | $509.6M | 102.50 | 5.89% | 175 bp | 75 |
| Apr 2026 | 5 | $618.3M | 102.47 | 5.87% | 196 bp | 102 |
| Mar 2026 | 5 | $919.6M | 101.68 | 6.29% | 243 bp | 175 |
| Feb 2026 | 5 | $485.2M | 103.23 | 5.72% | 199 bp | 79 |
| Jan 2026 | 5 | $597.8M | 103.50 | 5.70% | 185 bp | 112 |
| Dec 2025 | 6 | $896.2M | 103.99 | 5.65% | 179 bp | 189 |
| Nov 2025 | 4 | $560.5M | 104.36 | 5.60% | 198 bp | 80 |
| Oct 2025 | 4 | $614.0M | 104.00 | 5.71% | 212 bp | 116 |
| Sep 2025 | 5 | $844.4M | 103.35 | 5.90% | 229 bp | 199 |
| Aug 2025 | 4 | $469.6M | 103.53 | 5.87% | 212 bp | 84 |
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. 116 added, 67 cut, 9 new holders and 20 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $105.3M | $107.8M | $11.0M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $101.2M | $103.1M | $13.9M |
| American High Income Trust | 2026-06-30 | $78.2M | $80.9M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $66.7M | $68.5M | -$2.8M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $65.0M | $67.6M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $65.3M | $67.0M | $1.9M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $65.5M | $67.0M | $0 |
| Income Fund of America | 2026-07-31 | $46.1M | $47.3M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $42.0M | $43.2M | $6.6M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $41.1M | $41.8M | $0 |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $41.2M | $41.6M | $0 |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $38.0M | $38.8M | $12.4M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $37.2M | $38.2M | $6.7M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $35.5M | $36.3M | $0 |
| The Osterweis Strategic Income Fund Professionally Managed Portfolios | 2026-06-30 | $29.1M | $29.7M | $1.1M |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $28.6M | $29.4M | $7.0M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $26.2M | $26.7M | -$625K |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $22.6M | $23.4M | $2.6M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $21.0M | $21.5M | $0 |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $20.2M | $20.6M | $0 |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $19.1M | $19.4M | -$2.4M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $18.0M | $18.5M | $3.2M |
| American Funds Strategic Bond Fund | 2026-06-30 | $18.0M | $18.3M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $17.5M | $18.0M | $0 |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $16.9M | $17.3M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): High Yield Fund ($9.6M), Franklin Global Allocation Fund ($3.9M), Senior Debt Portfolio ($2.8M), Nuveen High Yield Income Fund ($2.5M), JNL/PPM America Total Return Fund ($2.2M), Floating-Rate Portfolio ($2.0M), Putnam Income Fund ($1.0M), FS Multi-Strategy Alternatives Fund ($953K), Franklin Universal Trust ($900K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($814K).
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 | 5 | $101.2M | $103.1M | 0.36% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 5 | $66.7M | $68.5M | 0.43% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 5 | $42.0M | $43.2M | 0.38% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 5 | $37.2M | $38.2M | 0.52% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 3 | $26.2M | $26.7M | 0.35% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 5 | $22.6M | $23.4M | 0.45% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 2 | $18.0M | $18.5M | 0.38% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 5 | $14.2M | $14.6M | 0.42% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 3 | $13.7M | $14.0M | 0.43% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 1 | $11.1M | $11.1M | 0.20% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $9.9M | $10.3M | 0.47% |
| THYF T. Rowe Price U.S. High Yield ETF | 2026-05-31 | 1 | $10.2M | $10.1M | 1.24% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 5 | $9.5M | $9.8M | 0.41% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 5 | $9.4M | $9.6M | 0.74% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 3 | $8.2M | $8.4M | 0.52% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.34: safer than 17% of companies (15th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $4.17B |
| Debt barrier (short-term + ½ long-term debt) | $3.97B |
| Equity volatility (1 year) | 56.5% |
| Asset value / asset volatility (solved) | $7.98B / 29.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 178 bp spread prices in about 3.0% 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'' = 0.61 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in HRI'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 | 27 | $13.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 324 | $4.92B | 8 | $16.0M | 8 | $17.2M | 0 |
| 2026-03-31 | 288 | $2.63B | 7 | $8.7M | 8 | $9.3M | 0 |
| 2025-12-31 | 298 | $4.58B | 8 | $9.6M | 11 | $19.7M | 1 |
| 2025-09-30 | 281 | $3.69B | 12 | $40.6M | 12 | $48.2M | 1 |
| 2025-06-30 | 287 | $4.34B | 15 | $49.7M | 12 | $13.9M | 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.