PHINIA Inc. bonds PHIN
Who owns PHINIA 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. PHIN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 71880KAA9 | 6.75% fixed | 2029-04-15 | USD | 101.70 | 6.06% | 181 bp | 35 | $57.2M | Jul 2026 |
| 71880KAB7 | 6.625% fixed | 2032-10-15 | USD | 101.01 | 6.42% | 201 bp | 28 | $36.7M | 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 | $93.9M | 101.35 | 6.24% | 191 bp | 35 |
| Jun 2026 | 2 | $127.3M | 102.34 | 5.98% | 177 bp | 42 |
| May 2026 | 2 | $60.7M | 102.76 | 5.88% | 174 bp | 24 |
| Apr 2026 | 2 | $107.4M | 102.45 | 6.00% | 206 bp | 40 |
| Mar 2026 | 2 | $121.8M | 101.82 | 6.17% | 231 bp | 49 |
| Feb 2026 | 2 | $66.6M | 103.66 | 5.72% | 203 bp | 24 |
| Jan 2026 | 2 | $125.4M | 103.78 | 5.72% | 192 bp | 45 |
| Dec 2025 | 2 | $122.4M | 103.63 | 5.75% | 202 bp | 56 |
| Nov 2025 | 2 | $57.1M | 103.57 | 5.79% | 208 bp | 23 |
| Oct 2025 | 2 | $125.4M | 103.05 | 5.91% | 222 bp | 43 |
| Sep 2025 | 3 | $132.0M | 103.10 | 5.92% | 220 bp | 53 |
| Aug 2025 | 2 | $57.3M | 103.05 | 5.93% | 207 bp | 24 |
| Jul 2025 | 3 | $125.3M | 101.87 | 6.08% | 206 bp | 41 |
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. 22 added, 35 cut, 2 new holders and 16 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $21.6M | $21.9M | $0 |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $20.5M | $21.0M | $12.7M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $19.0M | $19.3M | $401K |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $15.0M | $15.4M | -$2.9M |
| BrandywineGLOBAL - CORPORATE CREDIT FUND Legg Mason Partners Investment Trust | 2026-06-30 | $10.7M | $10.9M | $7.0M |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $7.7M | $7.7M | -$5.0M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $7.2M | $7.5M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.3M | $7.4M | -$1.1M |
| Oakmark Equity and Income Fund HARRIS ASSOCIATES INVESTMENT TRUST | 2026-06-30 | $6.5M | $6.7M | $0 |
| Nomura High Income Fund IVY FUNDS | 2026-06-30 | $6.5M | $6.6M | $0 |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $6.0M | $6.1M | $0 |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $5.8M | $5.9M | -$6.6M |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $5.7M | $5.8M | $0 |
| Goldman Sachs High Yield Fund GOLDMAN SACHS TRUST | 2026-06-30 | $5.6M | $5.8M | $1.3M |
| Performance Trust Total Return Bond Fund Trust for Professional Managers | 2026-05-31 | $5.4M | $5.5M | $0 |
| Invesco Corporate Bond Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $5.4M | $5.5M | $18K |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $5.4M | $5.5M | -$1.1M |
| Invesco High Yield Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $5.2M | $5.4M | -$1K |
| Carillon Chartwell Short Duration High Yield Fund Carillon Series Trust | 2026-06-30 | $5.0M | $5.1M | $0 |
| Transamerica High Yield Bond TRANSAMERICA FUNDS | 2026-07-31 | $5.0M | $5.1M | -$1.6M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.9M | $5.0M | -$71K |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $4.8M | $4.9M | $120K |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $4.7M | $4.8M | -$540K |
| Loomis Sayles Core Plus Bond Fund Natixis Funds Trust I | 2026-06-30 | $4.5M | $4.6M | $0 |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $3.7M | $3.8M | -$83K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Goldman Sachs Income Builder Fund ($6.1M), Impax High Yield Bond Fund ($2.0M), Payden High Income Fund ($1.2M), Oakmark Bond Fund ($977K), Goldman Sachs Dynamic Bond Fund ($832K), SIMT Multi-Asset Income Fund ($658K), Goldman Sachs Income Fund ($331K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($249K), State Street(R) Blackstone Senior Loan ETF ($174K), State Street(R) Blackstone High Income ETF ($168K).
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 | $19.0M | $19.3M | 0.07% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $7.3M | $7.4M | 0.07% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $4.9M | $5.0M | 0.07% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $4.8M | $4.9M | 0.06% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $3.3M | $3.3M | 0.21% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $2.4M | $2.5M | 0.19% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $2.3M | $2.4M | 0.05% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 1 | $2.1M | $2.2M | 0.41% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $1.9M | $1.9M | 0.08% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $1.8M | $1.8M | 0.07% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.1M | $1.1M | 0.00% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $1.1M | $1.1M | 0.12% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $954K | $971K | 0.20% |
| CARY Angel Oak Income ETF | 2026-07-31 | 2 | $860K | $870K | 0.06% |
| GTO Invesco Total Return Bond ETF | 2026-07-31 | 1 | $806K | $820K | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.72: safer than 56% of companies (54th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $2.09B |
| Debt barrier (short-term + ½ long-term debt) | $535.0M |
| Equity volatility (1 year) | 34.5% |
| Asset value / asset volatility (solved) | $2.60B / 27.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 191 bp spread prices in about 3.2% 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 = 2.05 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in PHIN'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 | 36 | $6.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 378 | $2.84B | 2 | $321K | 3 | $1.4M | 0 |
| 2026-03-31 | 367 | $2.17B | 2 | $520K | 2 | $623K | 0 |
| 2025-12-31 | 356 | $2.37B | 3 | $4.0M | 3 | $2.0M | 0 |
| 2025-09-30 | 348 | $2.20B | 3 | $1.0M | 4 | $3.4M | 0 |
| 2025-06-30 | 325 | $1.75B | 5 | $1.5M | 4 | $1.3M | 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.