Option Care Health, Inc. bonds OPCH
Who owns Option Care Health, 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. OPCH 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 |
|---|---|---|---|---|---|---|---|---|---|
| 68404LAA0 | 4.375% fixed | 2029-10-31 | USD | 96.04 | 5.73% | 146 bp | 20 | $44.4M | 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 | 1 | $25.8M | 96.85 | 5.47% | 118 bp | 1 |
| Jul 2026 | 1 | $44.4M | 96.04 | 5.73% | 146 bp | 20 |
| Jun 2026 | 1 | $48.6M | 96.11 | 5.67% | 151 bp | 32 |
| May 2026 | 1 | $27.3M | 96.18 | 5.62% | 156 bp | 10 |
| Apr 2026 | 1 | $43.7M | 96.86 | 5.37% | 152 bp | 21 |
| Mar 2026 | 1 | $53.9M | 96.44 | 5.48% | 172 bp | 38 |
| Feb 2026 | 1 | $27.3M | 97.64 | 5.09% | 151 bp | 12 |
| Jan 2026 | 1 | $45.7M | 97.89 | 5.00% | 132 bp | 23 |
| Dec 2025 | 1 | $56.1M | 97.95 | 4.97% | 136 bp | 37 |
| Nov 2025 | 1 | $26.5M | 98.02 | 4.94% | 132 bp | 11 |
| Oct 2025 | 1 | $44.6M | 96.58 | 5.34% | 175 bp | 24 |
| Sep 2025 | 1 | $56.5M | 96.52 | 5.33% | 172 bp | 36 |
| Aug 2025 | 1 | $27.8M | 96.42 | 5.34% | 160 bp | 11 |
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. 9 added, 10 cut, 0 new holders and 8 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American Beacon SiM High Yield Opportunities Fund AMERICAN BEACON FUNDS | 2026-05-31 | $19.9M | $19.2M | $0 |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $15.0M | $14.4M | $0 |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $14.2M | $13.6M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $10.3M | $9.9M | $1.0M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $7.5M | $7.2M | $0 |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $6.8M | $6.5M | -$154K |
| HIGH INCOME OPPORTUNITIES PORTFOLIO High Income Opportunities Portfolio | 2026-07-31 | $5.0M | $4.8M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $4.6M | $4.4M | -$25K |
| Touchstone Funds Group Trust-Touchstone Ares Credit Opportunities Fund Touchstone Funds Group Trust | 2026-06-30 | $4.1M | $3.9M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $3.4M | $3.3M | $0 |
| Goldman Sachs Multi-Manager Non-Core Fixed Income Fund Goldman Sachs Trust II | 2026-07-31 | $2.9M | $2.8M | $235K |
| Calvert High Yield Bond Fund Calvert Fund | 2026-06-30 | $2.4M | $2.3M | $0 |
| BNY Mellon High Yield Fund BNY Mellon Investment Funds III | 2026-06-30 | $2.3M | $2.3M | $0 |
| Guggenheim Strategic Opportunities Fund | 2026-05-29 | $2.3M | $2.2M | $0 |
| SIIT HIGH YIELD BOND FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $2.2M | $2.2M | $0 |
| Eaton Vance Ltd Duration Income Fund | 2026-06-30 | $2.0M | $1.9M | $0 |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $1.6M | $1.6M | -$40K |
| Mercer Opportunistic Fixed Income Fund Mercer Funds | 2026-06-30 | $1.6M | $1.5M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $1.6M | $1.5M | $203K |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $1.4M | $1.4M | $0 |
| Schwab High Yield Bond ETF SCHWAB STRATEGIC TRUST | 2026-05-31 | $1.4M | $1.3M | $262K |
| BNY Mellon High Yield Strategies Fund | 2026-06-30 | $1.2M | $1.1M | $0 |
| Invesco BulletShares 2029 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $1.1M | $1.1M | $200K |
| TCW METWEST HIGH YIELD BOND FUND TCW Metropolitan West Funds | 2026-06-30 | $1.0M | $962K | $0 |
| Xtrackers USD High Yield BB-B ex Financials ETF DBX ETF Trust | 2026-05-31 | $952K | $916K | $140K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): State Street(R) SPDR(R) Portfolio High Yield Bond ETF ($1.4M), Voya Multi-Sector Income ETF ($350K), BlackRock Multi-Sector Income Trust ($314K), Janus Henderson Multi-Sector Income Fund ($204K), WisdomTree U.S. High Yield Corporate Bond Fund ($180K), Multi-Manager Alternative Strategies Fund ($160K), BlackRock Core Bond Trust ($76K), State Street(R) My2029 High Yield Corporate Bond ETF ($30K).
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 | 1 | $10.3M | $9.9M | 0.03% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $4.6M | $4.4M | 0.06% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $1.6M | $1.6M | 0.14% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $1.6M | $1.5M | 0.02% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $1.4M | $1.4M | 0.08% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.4M | $1.3M | 0.05% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $952K | $916K | 0.04% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $913K | $876K | 0.18% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $544K | $522K | 0.00% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $390K | $375K | 0.01% |
| HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 2026-05-31 | 1 | $234K | $225K | 0.10% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $202K | $194K | 0.03% |
| HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 2026-07-31 | 1 | $183K | $176K | 0.09% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $150K | $144K | 0.00% |
| EVHY Eaton Vance High Yield ETF | 2026-06-30 | 1 | $138K | $133K | 0.57% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.59: safer than 44% of companies (42th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $4.68B |
| Debt barrier (short-term + ½ long-term debt) | $582.8M |
| Equity volatility (1 year) | 51.9% |
| Asset value / asset volatility (solved) | $5.24B / 46.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 146 bp spread prices in about 2.4% 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'' = 3.10 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in OPCH'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 | 29 | $40.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 359 | $3.25B | 6 | $1.7M | 13 | $46.4M | 0 |
| 2026-03-31 | 353 | $3.92B | 7 | $2.7M | 11 | $37.7M | 0 |
| 2025-12-31 | 350 | $5.10B | 8 | $22.5M | 11 | $40.0M | 0 |
| 2025-09-30 | 366 | $4.46B | 4 | $12.7M | 9 | $15.2M | 0 |
| 2025-06-30 | 370 | $5.18B | 7 | $9.6M | 8 | $20.1M | 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.