Precision Drilling Corporation bonds PDS
Who owns Precision Drilling Corporation'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. PDS 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 |
|---|---|---|---|---|---|---|---|---|---|
| 740212AM7 | 6.875% fixed | 2029-01-15 | USD | 100.47 | 6.66% | 242 bp | 20 | $43.2M | 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 | 1 | $43.2M | 100.47 | 6.66% | 242 bp | 20 |
| Jun 2026 | 1 | $16.0M | 100.52 | 6.65% | 252 bp | 21 |
| May 2026 | 1 | $46.9M | 100.69 | 6.58% | 255 bp | 14 |
| Apr 2026 | 1 | $37.8M | 100.92 | 6.50% | 268 bp | 21 |
| Mar 2026 | 1 | $21.1M | 100.74 | 6.58% | 285 bp | 32 |
| Feb 2026 | 1 | $38.6M | 100.90 | 6.52% | 301 bp | 15 |
| Jan 2026 | 1 | $37.6M | 101.15 | 6.44% | 283 bp | 25 |
| Dec 2025 | 1 | $22.3M | 101.18 | 6.44% | 289 bp | 37 |
| Nov 2025 | 1 | $31.0M | 100.53 | 6.68% | 311 bp | 19 |
| Oct 2025 | 1 | $41.6M | 100.59 | 6.66% | 312 bp | 26 |
| Sep 2025 | 1 | $29.8M | 100.54 | 6.68% | 312 bp | 37 |
| Aug 2025 | 2 | $40.8M | 100.29 | 6.67% | 298 bp | 19 |
| Jul 2025 | 2 | $50.8M | 100.08 | 6.88% | 301 bp | 26 |
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. 20 added, 4 cut, 2 new holders and 14 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 | $30.0M | $30.2M | $5.6M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $11.7M | $11.8M | $5.1M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $10.2M | $10.3M | $3.2M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $8.7M | $8.8M | $621K |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $8.5M | $8.6M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $3.9M | $3.9M | $80K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.6M | $3.7M | -$75K |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $3.6M | $3.6M | $0 |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $2.5M | $2.5M | $264K |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $2.4M | $2.4M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.0M | $2.0M | $212K |
| PGIM Active High Yield Bond ETF PGIM ETF Trust | 2026-05-29 | $1.8M | $1.8M | $120K |
| High Income Fund American Century Investment Trust | 2026-06-30 | $1.5M | $1.5M | $0 |
| Six Circles Credit Opportunities Fund SIX CIRCLES TRUST | 2026-06-30 | $1.2M | $1.2M | $180K |
| THRIVENT CORE HIGH YIELD BOND FUND Thrivent Core Funds | 2026-07-31 | $1.2M | $1.2M | $0 |
| PSF PGIM High Yield Bond Portfolio Prudential Series Fund | 2026-06-30 | $982K | $984K | $170K |
| PGIM Short Duration High Yield Opportunities Fund | 2026-07-31 | $965K | $969K | $30K |
| Invesco BulletShares 2029 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $908K | $917K | $160K |
| PGIM Global High Yield Fund, Inc. | 2026-07-31 | $807K | $810K | $40K |
| Xtrackers USD High Yield BB-B ex Financials ETF DBX ETF Trust | 2026-05-31 | $784K | $792K | $48K |
| PGIM High Yield Bond Fund, Inc. | 2026-07-31 | $708K | $711K | $35K |
| iShares iBonds 2029 Term High Yield and Income ETF iShares Trust | 2026-07-31 | $703K | $706K | $120K |
| Federated Hermes Opportunistic High Yield Bond Fund Federated Hermes High Yield Trust | 2026-05-31 | $625K | $632K | $0 |
| Strategic Advisers Income Opportunities Fund Fidelity Rutland Square Trust II | 2026-05-31 | $535K | $540K | $260K |
| High Yield Bond Portfolio NORTHWESTERN MUTUAL SERIES FUND INC | 2026-06-30 | $500K | $503K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): SIIT HIGH YIELD BOND FUND ($1.1M), Eaton Vance Ltd Duration Income Fund ($932K), State Street(R) Blackstone Senior Loan ETF ($881K), Touchstone Strategic Trust-Touchstone Strategic Income Fund ($669K), Blackstone Strategic Credit 2027 Term Fund ($535K), Touchstone ETF Trust-Touchstone Strategic Income ETF ($385K), CITY NATIONAL ROCHDALE FIXED INCOME OPPORTUNITIES FUND ($325K), State Street(R) Blackstone High Income ETF ($313K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($221K), Federated Hermes Short Duration High Yield ETF ($175K).
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 | $8.7M | $8.8M | 0.03% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $3.6M | $3.7M | 0.07% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $3.6M | $3.6M | 0.05% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $2.5M | $2.5M | 0.15% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $2.0M | $2.0M | 0.02% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $1.8M | $1.8M | 0.14% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $784K | $792K | 0.03% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $703K | $706K | 0.14% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $453K | $458K | 0.02% |
| PSH PGIM Short Duration High Yield ETF | 2026-05-29 | 1 | $431K | $434K | 0.27% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $401K | $403K | 0.00% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $260K | $261K | 0.05% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $255K | $256K | 0.02% |
| BKHY BNY Mellon High Yield ETF | 2026-07-31 | 1 | $169K | $170K | 0.11% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $164K | $166K | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.45: safer than 53% of companies (61th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $1.10B |
| Debt barrier (short-term + ½ long-term debt) | $222.0M |
| Equity volatility (1 year) | 38.6% |
| Asset value / asset volatility (solved) | $1.31B / 32.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 242 bp spread prices in about 4.0% 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'' = 0.96 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in PDS'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 | 7 | $2.2M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 133 | $665.3M | 5 | $15.0M | 10 | $36.9M | 0 |
| 2026-03-31 | 133 | $775.7M | 5 | $7.1M | 9 | $25.7M | 0 |
| 2025-12-31 | 117 | $501.2M | 3 | $3.0M | 2 | $3.5M | 0 |
| 2025-09-30 | 109 | $347.4M | 4 | $7.5M | 7 | $6.9M | 0 |
| 2025-06-30 | 109 | $270.4M | 7 | $9.2M | 8 | $3.7M | 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.