Millrose Properties, Inc. bonds MRP
Who owns Millrose Properties, 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. MRP 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 |
|---|---|---|---|---|---|---|---|---|---|
| 601137AA0 | 6.375% fixed | 2030-08-01 | USD | 100.75 | 6.16% | 186 bp | 68 | $155.9M | Jul 2026 |
| 601137AB8 | 6.25% fixed | 2032-09-15 | USD | 99.93 | 6.26% | 186 bp | 46 | $72.8M | 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 | 2 | $228.7M | 100.34 | 6.21% | 186 bp | 68 |
| Jun 2026 | 2 | $461.8M | 101.14 | 6.03% | 180 bp | 114 |
| May 2026 | 2 | $236.0M | 100.94 | 6.07% | 189 bp | 63 |
| Apr 2026 | 2 | $217.7M | 100.86 | 6.09% | 212 bp | 71 |
| Mar 2026 | 2 | $454.3M | 99.12 | 6.48% | 258 bp | 111 |
| Feb 2026 | 2 | $230.4M | 101.95 | 5.85% | 211 bp | 61 |
| Jan 2026 | 2 | $212.3M | 101.61 | 5.94% | 210 bp | 73 |
| Dec 2025 | 2 | $454.0M | 101.64 | 5.93% | 216 bp | 118 |
| Nov 2025 | 2 | $223.9M | 101.61 | 5.95% | 220 bp | 59 |
| Oct 2025 | 2 | $201.0M | 100.92 | 6.10% | 238 bp | 67 |
| Sep 2025 | 2 | $450.0M | 101.02 | 6.08% | 232 bp | 106 |
| Aug 2025 | 1 | $128.5M | 100.93 | 6.15% | 237 bp | 54 |
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. 58 added, 32 cut, 13 new holders and 8 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $64.5M | $65.3M | $2.0M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $50.0M | $50.7M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $47.5M | $47.9M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $44.0M | $44.1M | $7.2M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $39.1M | $39.6M | $0 |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $32.8M | $33.2M | $2.1M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $31.9M | $32.2M | $2.1M |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $29.5M | $29.9M | $0 |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $27.5M | $27.7M | $0 |
| Janus Henderson Multi-Sector Income Fund Janus Investment Fund | 2026-06-30 | $24.6M | $24.9M | $39K |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $23.4M | $23.8M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $22.3M | $22.5M | $0 |
| BrandywineGLOBAL - CORPORATE CREDIT FUND Legg Mason Partners Investment Trust | 2026-06-30 | $19.8M | $20.1M | $825K |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $15.1M | $15.2M | $4.3M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $13.7M | $13.8M | -$80K |
| Fidelity Real Estate Income Fund Fidelity Securities Fund | 2026-07-31 | $13.0M | $13.0M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $11.2M | $11.3M | -$25K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.0M | $11.1M | -$1.3M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $10.7M | $10.9M | $2.2M |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $10.7M | $10.8M | $3.0M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $10.6M | $10.7M | $144K |
| Franklin High Yield Corporate ETF Franklin Templeton ETF Trust | 2026-06-30 | $9.7M | $9.8M | $2.3M |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $9.7M | $9.8M | $0 |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $9.7M | $9.8M | -$440K |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $8.4M | $8.4M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Janus Henderson Flexible Bond Fund ($5.1M), Impax High Yield Bond Fund ($3.0M), Janus Henderson Flexible Bond Portfolio ($1.2M), Janus Henderson Income ETF ($572K), PIMCO High Yield Portfolio ($425K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($397K), BlackRock Global Allocation Fund, Inc. ($134K), BATS: High Income Taxable Series ($100K).
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 | $44.0M | $44.1M | 0.15% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $31.9M | $32.2M | 0.20% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $13.7M | $13.8M | 0.19% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $11.2M | $11.3M | 0.15% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $11.0M | $11.1M | 0.10% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 2 | $9.7M | $9.8M | 0.83% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 2 | $9.7M | $9.8M | 0.89% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $7.4M | $7.5M | 0.15% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $6.0M | $6.0M | 0.17% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 2 | $5.4M | $5.4M | 1.04% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $4.8M | $4.9M | 0.30% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 2 | $4.2M | $4.2M | 0.32% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $4.1M | $4.2M | 0.17% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $3.4M | $3.5M | 0.14% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $3.4M | $3.4M | 0.15% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 186 bp spread prices in about 3.1% 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
Not available.
The stock side: 13F filings
What institutions report holding in MRP'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 | 55 | $36.2M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 513 | $4.22B | 8 | $13.5M | 9 | $29.0M | 0 |
| 2026-03-31 | 469 | $3.06B | 6 | $8.6M | 8 | $17.2M | 0 |
| 2025-12-31 | 475 | $4.07B | 10 | $14.1M | 6 | $11.8M | 1 |
| 2025-09-30 | 442 | $3.56B | 9 | $22.0M | 10 | $21.2M | 1 |
| 2025-06-30 | 419 | $3.11B | 10 | $20.9M | 10 | $23.1M | 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.