LGI Homes, Inc. bonds LGIH
Who owns LGI Homes, 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. LGIH 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 |
|---|---|---|---|---|---|---|---|---|---|
| 50187TAH9 | 8.75% fixed | 2028-12-15 | USD | 102.69 | 7.48% | 325 bp | 24 | $59.0M | Jul 2026 |
| 50187TAF3 | 4% fixed | 2029-07-15 | USD | 92.45 | 6.86% | 260 bp | 20 | $37.2M | Jul 2026 |
| 50187TAK2 | 7% fixed | 2032-11-15 | USD | 97.50 | 7.50% | 309 bp | 37 | $76.5M | 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 | 3 | $172.6M | 97.50 | 7.48% | 309 bp | 37 |
| Jun 2026 | 3 | $208.0M | 99.43 | 7.11% | 282 bp | 52 |
| May 2026 | 3 | $123.1M | 96.48 | 7.15% | 313 bp | 28 |
| Apr 2026 | 3 | $175.6M | 95.86 | 7.46% | 365 bp | 40 |
| Mar 2026 | 3 | $207.7M | 92.81 | 7.79% | 404 bp | 53 |
| Feb 2026 | 3 | $137.8M | 98.04 | 7.00% | 349 bp | 35 |
| Jan 2026 | 3 | $171.3M | 97.53 | 7.09% | 348 bp | 38 |
| Dec 2025 | 3 | $238.4M | 95.64 | 7.10% | 355 bp | 58 |
| Nov 2025 | 3 | $96.7M | 98.08 | 7.23% | 350 bp | 34 |
| Oct 2025 | 3 | $170.5M | 95.97 | 7.28% | 374 bp | 38 |
| Sep 2025 | 3 | $234.8M | 97.70 | 6.98% | 342 bp | 57 |
| Aug 2025 | 3 | $93.1M | 97.57 | 7.12% | 342 bp | 35 |
| Jul 2025 | 3 | $143.0M | 96.25 | 7.09% | 323 bp | 33 |
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. 38 added, 44 cut, 6 new holders and 28 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $50.1M | $49.5M | $5.5M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $33.9M | $33.7M | $0 |
| Janus Henderson Multi-Sector Income Fund Janus Investment Fund | 2026-06-30 | $31.7M | $31.1M | $454K |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $27.6M | $28.6M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $22.7M | $22.2M | $2.8M |
| High Yield Bond Series Manning & Napier Fund, Inc. | 2026-06-30 | $23.2M | $21.6M | $0 |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $18.2M | $18.3M | $973K |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $13.4M | $13.1M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $12.3M | $12.1M | $2.5M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $11.5M | $11.5M | -$1.7M |
| Fidelity Real Estate Income Fund Fidelity Securities Fund | 2026-07-31 | $11.7M | $10.9M | $0 |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $11.0M | $10.8M | -$865K |
| Fidelity SAI High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $10.6M | $10.3M | -$32K |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $10.5M | $10.2M | -$6.8M |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $9.8M | $10.1M | $3.8M |
| Janus Henderson High-Yield Fund Janus Investment Fund | 2026-06-30 | $9.4M | $8.9M | $0 |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $8.4M | $8.5M | -$1.7M |
| Lord Abbett Core Plus Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $9.0M | $8.3M | $0 |
| T. Rowe Price U.S. High Yield ETF T. Rowe Price Exchange-Traded Funds, Inc. | 2026-05-31 | $7.7M | $7.9M | $670K |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $7.5M | $7.2M | -$2.4M |
| Allspring Short-Term High Income Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $7.0M | $7.2M | -$1.8M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $6.1M | $6.2M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $6.1M | $6.0M | $1.3M |
| Fidelity SAI Real Estate Income Fund Fidelity Securities Fund | 2026-07-31 | $5.5M | $5.2M | $0 |
| Lord Abbett Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $5.0M | $5.2M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Franklin High Income Fund ($10.0M), Putnam High Yield Fund ($2.1M), ALLSPRING INCOME OPPORTUNITIES FUND ($2.0M), Empower High Yield Bond Fund ($1.4M), Venerable High Yield Fund ($985K), Franklin Universal Trust ($800K), Franklin High Yield Corporate ETF ($705K), ALLSPRING MULTI-SECTOR INCOME FUND ($675K), BondBloxx BB Rated USD High Yield Corporate Bond ETF ($601K), Franklin Limited Duration Income Trust ($560K).
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 | 3 | $22.7M | $22.2M | 0.08% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $12.3M | $12.1M | 0.11% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $11.5M | $11.5M | 0.07% |
| THYF T. Rowe Price U.S. High Yield ETF | 2026-05-31 | 1 | $7.7M | $7.9M | 0.97% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $4.6M | $4.4M | 0.02% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $3.7M | $3.8M | 0.05% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 3 | $3.7M | $3.6M | 0.33% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 1 | $2.6M | $2.6M | 0.05% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $2.4M | $2.4M | 0.07% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $2.2M | $2.3M | 0.33% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $2.1M | $2.2M | 0.04% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $2.1M | $2.0M | 0.08% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $2.0M | $1.9M | 0.08% |
| HYBL State Street(R) Blackstone High Income ETF | 2026-06-30 | 2 | $1.7M | $1.7M | 0.31% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $1.3M | $1.3M | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.37: safer than 18% of companies (17th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $956.7M |
| Debt barrier (short-term + ½ long-term debt) | $790.5M |
| Equity volatility (1 year) | 57.5% |
| Asset value / asset volatility (solved) | $1.71B / 32.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 309 bp spread prices in about 5.1% 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
Altman Z'' = 8.97 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in LGIH'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 | 21 | $8.2M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 244 | $1.33B | 9 | $7.6M | 9 | $15.3M | 0 |
| 2026-03-31 | 191 | $716.9M | 9 | $10.8M | 8 | $7.0M | 0 |
| 2025-12-31 | 211 | $841.5M | 6 | $7.7M | 6 | $5.1M | 1 |
| 2025-09-30 | 230 | $1.04B | 10 | $9.3M | 10 | $15.1M | 2 |
| 2025-06-30 | 215 | $1.07B | 9 | $9.7M | 12 | $42.8M | 2 |
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.