Nexstar Media Group, Inc. bonds NXST
Who owns Nexstar Media Group, 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. NXST 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 |
|---|---|---|---|---|---|---|---|---|---|
| 65336YAN3 | 4.75% fixed | 2028-11-01 | USD | 98.11 | 5.65% | 142 bp | 40 | $207.0M | Jul 2026 |
| 65346UAB5 | 6.5% fixed | 2033-09-15 | USD | 99.53 | 6.58% | 212 bp | 97 | $403.5M | Jul 2026 |
| 65346UAA7 | 7.25% fixed | 2034-04-15 | USD | 100.26 | 7.20% | 271 bp | 72 | $218.1M | 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 | $45K | 100.87 | 6.72% | 218 bp | 1 |
| Jul 2026 | 3 | $828.7M | 99.53 | 6.58% | 212 bp | 97 |
| Jun 2026 | 3 | $1.06B | 99.82 | 6.49% | 215 bp | 171 |
| May 2026 | 3 | $607.7M | 100.65 | 6.36% | 203 bp | 79 |
| Apr 2026 | 3 | $767.8M | 100.68 | 6.36% | 222 bp | 100 |
| Mar 2026 | 4 | $1.25B | 100.19 | 5.99% | 211 bp | 175 |
| Feb 2026 | 2 | $337.9M | 99.76 | 5.27% | 178 bp | 42 |
| Jan 2026 | 2 | $327.4M | 99.73 | 5.28% | 173 bp | 46 |
| Dec 2025 | 2 | $329.7M | 99.85 | 5.18% | 165 bp | 78 |
| Nov 2025 | 2 | $334.4M | 99.63 | 5.31% | 173 bp | 41 |
| Oct 2025 | 2 | $332.4M | 99.22 | 5.48% | 194 bp | 45 |
| Sep 2025 | 2 | $354.4M | 98.78 | 5.63% | 206 bp | 76 |
| Aug 2025 | 2 | $327.9M | 99.05 | 5.53% | 182 bp | 43 |
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. 110 added, 103 cut, 77 new holders and 46 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $352.8M | $351.1M | -$17.7M |
| Income Fund of America | 2026-07-31 | $242.1M | $239.9M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $125.1M | $124.7M | -$3.7M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $120.1M | $119.4M | $32.6M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $84.9M | $85.1M | $46.3M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $83.8M | $83.9M | $38.9M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $44.0M | $43.7M | -$3.2M |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $42.4M | $42.5M | $16.3M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $37.6M | $37.5M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $34.7M | $34.6M | $7.2M |
| American Funds Strategic Bond Fund | 2026-06-30 | $33.5M | $33.4M | $0 |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $32.6M | $32.5M | $0 |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $30.4M | $30.3M | $3.2M |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $30.0M | $29.8M | $1.1M |
| Capital Income Builder | 2026-07-31 | $28.7M | $28.6M | $0 |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $27.9M | $27.9M | $0 |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $25.7M | $25.9M | new |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $25.2M | $25.4M | new |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $23.7M | $23.6M | $0 |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $23.5M | $23.5M | $0 |
| First Trust Smith Unconstrained Bond ETF First Trust Exchange-Traded Fund VIII | 2026-05-31 | $22.9M | $23.1M | $6.8M |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $22.6M | $22.8M | $9.4M |
| Bond Fund of America | 2026-06-30 | $19.8M | $19.8M | $6.3M |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $19.6M | $19.7M | $10.1M |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $19.4M | $19.4M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Short Duration Income Fund ($41.0M), RIVERPARK SHORT TERM HIGH YIELD FUND ($34.9M), Franklin High Income Fund ($25.5M), Invesco BulletShares 2027 High Yield Corporate Bond ETF ($16.3M), Allspring Short-Term High Income Fund ($16.1M), Shenkman Capital Short Duration High Income Fund ($8.9M), Franklin High Yield Corporate ETF ($7.4M), N/A ($6.0M), Venerable High Yield Fund ($5.9M), N/A ($5.5M).
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 | $120.1M | $119.4M | 0.42% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 3 | $84.9M | $85.1M | 0.53% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $44.0M | $43.7M | 0.39% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $34.7M | $34.6M | 0.47% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 3 | $30.4M | $30.3M | 0.59% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 2 | $22.9M | $23.1M | 0.71% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $22.6M | $22.8M | 1.03% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 3 | $18.6M | $18.7M | 0.54% |
| FIXD First Trust Smith Opportunistic Fixed Income ETF | 2026-05-31 | 2 | $17.6M | $17.7M | 0.53% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 2 | $16.2M | $16.2M | 0.19% |
| FTSL First Trust Senior Loan Fund | 2026-07-31 | 1 | $15.8M | $15.5M | 0.67% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 3 | $12.7M | $12.7M | 0.14% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $12.1M | $12.1M | 0.51% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $11.5M | $11.3M | 0.70% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 3 | $10.2M | $10.2M | 0.08% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.67: safer than 33% of companies (35th percentile in Communication Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $5.13B |
| Debt barrier (short-term + ½ long-term debt) | $6.04B |
| Equity volatility (1 year) | 36.0% |
| Asset value / asset volatility (solved) | $10.92B / 16.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 212 bp spread prices in about 3.5% 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'' = 1.37 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in NXST'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 | 46 | $49.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 476 | $5.23B | 7 | $9.9M | 7 | $14.4M | 0 |
| 2026-03-31 | 495 | $4.55B | 7 | $7.3M | 9 | $24.5M | 0 |
| 2025-12-31 | 485 | $5.99B | 5 | $6.6M | 5 | $5.7M | 0 |
| 2025-09-30 | 486 | $6.09B | 6 | $62.7M | 5 | $10.1M | 0 |
| 2025-06-30 | 453 | $5.18B | 10 | $43.6M | 10 | $14.6M | 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.