Hertz Global Holdings, Inc. bonds HTZWW
Who owns Hertz Global 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. HTZWW 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 |
|---|---|---|---|---|---|---|---|---|---|
| 428040DA4 | 4.625% fixed | 2026-12-01 | USD | 87.68 | 48.41% | 4464 bp | 6 | $5.1M | Jul 2026 |
| 428040DC0 | 12.625% fixed | 2029-07-15 | USD | 65.26 | 31.51% | 2725 bp | 40 | $60.0M | Jul 2026 |
| 428040DB2 | 5% fixed | 2029-12-01 | USD | 27.25 | 54.59% | 5032 bp | 14 | $8.8M | 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 |
|---|---|---|---|---|---|---|
| Jul 2026 | 3 | $73.9M | 65.26 | 43.05% | 3878 bp | 40 |
| Jun 2026 | 3 | $105.6M | 81.41 | 34.81% | 3065 bp | 50 |
| May 2026 | 3 | $131.5M | 91.10 | 24.64% | 2058 bp | 37 |
| Apr 2026 | 3 | $111.7M | 94.31 | 21.72% | 1787 bp | 45 |
| Mar 2026 | 6 | $126.9M | 87.74 | 25.53% | 2177 bp | 41 |
| Feb 2026 | 6 | $148.6M | 91.14 | 20.68% | 1712 bp | 33 |
| Jan 2026 | 3 | $133.8M | 94.50 | 14.97% | 1130 bp | 49 |
| Dec 2025 | 6 | $201.6M | 44.35 | 14.30% | 1069 bp | 53 |
| Nov 2025 | 6 | $220.4M | 42.84 | 12.64% | 905 bp | 37 |
| Oct 2025 | 3 | $140.2M | 97.13 | 12.95% | 938 bp | 50 |
| Sep 2025 | 6 | $245.5M | 47.90 | 10.63% | 704 bp | 56 |
| Aug 2025 | 6 | $225.0M | 45.43 | 11.39% | 767 bp | 42 |
| Jul 2025 | 3 | $150.0M | 90.45 | 12.60% | 859 bp | 50 |
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. 32 added, 27 cut, 21 new holders and 13 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $34.2M | $23.1M | $156K |
| American High Income Trust | 2026-06-30 | $24.4M | $22.2M | $5.0M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $30.1M | $21.4M | -$3.1M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $38.6M | $19.0M | $1.4M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $18.1M | $14.7M | -$31.8M |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $22.5M | $14.3M | $60K |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $15.2M | $12.4M | $208K |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $18.2M | $11.9M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $16.9M | $10.4M | $1.1M |
| Catalyst/SMH High Income Fund MUTUAL FUND SERIES TRUST | 2026-06-30 | $10.4M | $8.5M | $5.2M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.3M | $8.0M | -$1.5M |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $15.2M | $7.2M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $10.7M | $7.0M | -$1.3M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $7.1M | $6.4M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $6.6M | $6.0M | -$3.2M |
| Columbia Flexible Capital Income Fund Columbia Funds Series Trust II | 2026-05-31 | $6.5M | $5.9M | $0 |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.6M | $5.9M | -$2.9M |
| Invesco BulletShares 2026 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $5.5M | $5.2M | -$140K |
| Transamerica High Yield Bond TRANSAMERICA FUNDS | 2026-07-31 | $8.8M | $4.9M | $1.9M |
| TRI-CONTINENTAL Corp | 2026-06-30 | $6.0M | $4.9M | $500K |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $6.8M | $4.8M | -$593K |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $5.0M | $4.6M | -$6.7M |
| T. Rowe Price U.S. High Yield ETF T. Rowe Price Exchange-Traded Funds, Inc. | 2026-05-31 | $3.9M | $3.6M | $0 |
| JPMorgan Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $5.2M | $3.2M | $65K |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $3.9M | $3.2M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares iBonds 2026 Term High Yield and Income ETF ($4.7M), Virtus Income & Growth Fund ($4.1M), Goldman Sachs Income Builder Fund ($1.3M), THE HARTFORD BALANCED INCOME FUND ($1.1M), AB Core Plus Bond ETF ($413K), Harbor Ares Systematic High Yield ETF ($286K), SA T. Rowe Price VCP Balanced Portfolio ($250K), BlackRock Multi-Asset Income Portfolio ($155K), BlackRock Low Duration Bond Portfolio ($65K), BlackRock Dynamic High Income Portfolio ($58K).
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 |
|---|---|---|---|---|---|
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $30.1M | $21.4M | 0.13% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $38.6M | $19.0M | 0.07% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 3 | $15.2M | $12.4M | 0.56% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $16.9M | $10.4M | 0.09% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 3 | $11.3M | $8.0M | 0.11% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $10.7M | $7.0M | 0.09% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 2 | $9.6M | $5.9M | 0.12% |
| BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $5.5M | $5.2M | 0.51% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $6.8M | $4.8M | 0.14% |
| THYF T. Rowe Price U.S. High Yield ETF | 2026-05-31 | 1 | $3.9M | $3.6M | 0.44% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 3 | $5.2M | $3.2M | 0.04% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $3.8M | $2.6M | 0.10% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 2 | $3.1M | $2.6M | 0.15% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 2 | $3.6M | $2.0M | 0.19% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $2.3M | $1.5M | 0.30% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 0.50: safer than 5% of companies (4th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $574.7M |
| Debt barrier (short-term + ½ long-term debt) | $9.37B |
| Equity volatility (1 year) | 101.2% |
| Asset value / asset volatility (solved) | $9.41B / 8.6% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 3878 bp spread prices in about 64.6% 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'' = 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 HTZWW'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 | 16 | $831K | 0 | — | 1 | $50K | 0 |
| 2026-06-30 | 308 | $481.5M | 30 | $105.7M | 24 | $42.9M | 2 |
| 2026-03-31 | 278 | $803.6M | 24 | $123.5M | 16 | $46.9M | 2 |
| 2025-12-31 | 300 | $962.9M | 31 | $173.5M | 20 | $88.6M | 3 |
| 2025-09-30 | 302 | $2.52B | 33 | $279.1M | 31 | $162.5M | 4 |
| 2025-06-30 | 285 | $2.65B | 32 | $246.2M | 26 | $154.4M | 3 |
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.