Patrick Industries, Inc. bonds PATK
Who owns Patrick Industries, 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. PATK 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 |
|---|---|---|---|---|---|---|---|---|---|
| 703343AG8 convertible | 1.75% fixed | 2028-12-01 | USD | 138.70 | — | — | 9 | $25.4M | Jul 2026 |
| 703343AD5 | 4.75% fixed | 2029-05-01 | USD | 97.60 | 5.70% | 145 bp | 30 | $63.4M | Jul 2026 |
| 703343AH6 | 6.375% fixed | 2032-11-01 | USD | 98.69 | 6.63% | 222 bp | 43 | $80.1M | 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 |
|---|---|---|---|---|---|---|
| Jul 2026 | 3 | $168.9M | 98.69 | 6.17% | 184 bp | 43 |
| Jun 2026 | 3 | $126.9M | 99.60 | 5.92% | 170 bp | 39 |
| May 2026 | 3 | $61.3M | 99.89 | 5.96% | 181 bp | 29 |
| Apr 2026 | 3 | $179.0M | 100.71 | 5.80% | 185 bp | 45 |
| Mar 2026 | 3 | $120.6M | 100.08 | 6.03% | 216 bp | 37 |
| Feb 2026 | 3 | $63.5M | 102.72 | 5.37% | 168 bp | 29 |
| Jan 2026 | 3 | $207.4M | 102.38 | 5.51% | 172 bp | 44 |
| Dec 2025 | 3 | $142.1M | 102.65 | 5.46% | 173 bp | 36 |
| Nov 2025 | 3 | $62.4M | 102.53 | 5.45% | 173 bp | 29 |
| Oct 2025 | 3 | $188.8M | 102.00 | 5.64% | 194 bp | 48 |
| Sep 2025 | 3 | $145.9M | 101.50 | 5.74% | 201 bp | 38 |
| Aug 2025 | 3 | $63.4M | 101.47 | 5.72% | 186 bp | 32 |
| Jul 2025 | 3 | $192.7M | 100.10 | 6.02% | 200 bp | 44 |
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. 34 added, 31 cut, 9 new holders and 7 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $28.0M | $27.7M | $0 |
| MFS Income Fund MFS Series Trust VIII | 2026-07-31 | $24.7M | $24.0M | $0 |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $21.2M | $21.1M | $0 |
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $10.9M | $16.2M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $16.5M | $16.2M | $640K |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $16.0M | $15.8M | $0 |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $15.5M | $15.3M | $679K |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $14.2M | $13.9M | -$9.2M |
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $8.8M | $12.2M | $0 |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $7.6M | $11.3M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $10.3M | $10.1M | $2.0M |
| HIGH INCOME OPPORTUNITIES PORTFOLIO High Income Opportunities Portfolio | 2026-07-31 | $9.3M | $9.1M | $1.2M |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $8.5M | $8.4M | $1.8M |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $8.0M | $7.9M | $1.7M |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $4.9M | $6.8M | $600K |
| Neuberger Strategic Income Fund NEUBERGER BERMAN INCOME FUNDS | 2026-07-31 | $6.2M | $6.2M | $772K |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $6.0M | $6.0M | -$1.4M |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $5.7M | $5.7M | -$103K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.0M | $5.0M | $3.6M |
| Buffalo High Yield Fund Buffalo Funds | 2026-06-30 | $4.2M | $4.8M | $0 |
| Hotchkis and Wiley High Yield Fund HOTCHKIS & WILEY FUNDS/DE/ | 2026-06-30 | $3.8M | $3.8M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.7M | $3.6M | $1.3M |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $3.6M | $3.5M | $2.0M |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $3.5M | $3.5M | $0 |
| Putnam Convertible Securities Fund | 2026-07-31 | $2.3M | $3.1M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): MFS MULTIMARKET INCOME TRUST ($621K), Global Bond Fund ($600K), 1290 Loomis Sayles Multi-Asset Income Fund ($198K), State Street(R) Loomis Sayles Opportunistic Bond ETF ($136K), Core Plus Bond Fund ($75K), BondBloxx B Rated USD High Yield Corporate Bond ETF ($65K), BlackRock Diversified Fixed Income Fund ($63K).
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 | $16.5M | $16.2M | 0.06% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $10.3M | $10.1M | 0.09% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $4.9M | $6.8M | 0.09% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $5.7M | $5.7M | 0.35% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $5.0M | $5.0M | 0.10% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $3.7M | $3.6M | 0.05% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $3.2M | $3.1M | 0.04% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $2.9M | $2.9M | 0.25% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 2 | $2.2M | $2.2M | 0.17% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $1.8M | $1.8M | 0.07% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $1.6M | $1.6M | 0.06% |
| MFSB MFS Active Core Plus Bond ETF | 2026-05-31 | 2 | $1.5M | $1.5M | 0.35% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $1.5M | $1.5M | 0.04% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 2 | $1.3M | $1.3M | 0.12% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 1 | $1.0M | $999K | 0.19% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.87: safer than 47% of companies (46th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-28.
| Equity value | $2.13B |
| Debt barrier (short-term + ½ long-term debt) | $712.5M |
| Equity volatility (1 year) | 37.3% |
| Asset value / asset volatility (solved) | $2.81B / 28.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 184 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
Altman Z = 2.35 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in PATK'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 | 26 | $33.3M | 0 | — | 0 | — | 1 |
| 2026-06-30 | 317 | $3.16B | 2 | $853K | 6 | $2.3M | 25 |
| 2026-03-31 | 325 | $3.39B | 2 | $866K | 3 | $1.0M | 25 |
| 2025-12-31 | 325 | $3.67B | 0 | — | 0 | — | 26 |
| 2025-09-30 | 320 | $3.53B | 2 | $2.1M | 3 | $4.2M | 26 |
| 2025-06-30 | 310 | $3.27B | 2 | $240K | 2 | $794K | 25 |
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.