Red Rock Resorts, Inc. bonds RRR
Who owns Red Rock Resorts, 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. RRR 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 |
|---|---|---|---|---|---|---|---|---|---|
| 857691AG4 | 4.5% fixed | 2028-02-15 | USD | 98.37 | 5.62% | 148 bp | 33 | $64.3M | Jul 2026 |
| 857691AH2 | 4.625% fixed | 2031-12-01 | USD | 94.05 | 5.94% | 159 bp | 27 | $36.8M | Jul 2026 |
| 857691AJ8 | 6.625% fixed | 2032-03-15 | USD | 101.07 | 6.39% | 202 bp | 32 | $77.1M | 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 | $23.7M | 96.62 | 5.57% | 131 bp | 1 |
| Jul 2026 | 3 | $178.1M | 98.37 | 5.94% | 159 bp | 33 |
| Jun 2026 | 3 | $252.0M | 98.87 | 5.72% | 148 bp | 59 |
| May 2026 | 3 | $177.7M | 98.59 | 5.77% | 158 bp | 34 |
| Apr 2026 | 3 | $195.0M | 98.47 | 5.87% | 188 bp | 36 |
| Mar 2026 | 3 | $235.0M | 98.05 | 6.02% | 210 bp | 59 |
| Feb 2026 | 3 | $164.9M | 99.62 | 5.34% | 158 bp | 34 |
| Jan 2026 | 3 | $187.8M | 99.56 | 5.43% | 156 bp | 34 |
| Dec 2025 | 3 | $234.6M | 99.21 | 5.67% | 188 bp | 60 |
| Nov 2025 | 3 | $170.6M | 98.94 | 5.69% | 193 bp | 38 |
| Oct 2025 | 3 | $200.9M | 98.44 | 5.82% | 208 bp | 41 |
| Sep 2025 | 3 | $259.5M | 98.35 | 5.72% | 195 bp | 67 |
| Aug 2025 | 3 | $171.9M | 98.57 | 5.66% | 173 bp | 37 |
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. 64 added, 48 cut, 12 new holders and 11 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $35.6M | $34.8M | $3.7M |
| American High Income Trust | 2026-06-30 | $30.2M | $29.4M | $21.0M |
| Artisan High Income Fund Artisan Partners Funds Inc. | 2026-06-30 | $29.6M | $28.1M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $28.7M | $28.1M | $1.7M |
| American Beacon SiM High Yield Opportunities Fund AMERICAN BEACON FUNDS | 2026-05-31 | $25.0M | $23.8M | $0 |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $23.9M | $23.6M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $23.4M | $23.0M | $4.3M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $22.5M | $22.4M | $1.6M |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $21.5M | $21.7M | -$15.4M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $14.9M | $14.9M | -$80K |
| Goldman Sachs High Yield Fund GOLDMAN SACHS TRUST | 2026-06-30 | $12.1M | $11.8M | $4.9M |
| Income Fund of America | 2026-07-31 | $9.7M | $9.8M | $0 |
| First Trust Tactical High Yield ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $9.0M | $8.9M | $0 |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $9.0M | $8.8M | $172K |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $9.1M | $8.6M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.3M | $8.4M | -$1.4M |
| ALPS | Smith Total Return Bond Fund FINANCIAL INVESTORS TRUST | 2026-07-31 | $8.1M | $8.0M | $1.0M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $7.2M | $7.1M | $0 |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $7.0M | $7.1M | -$3.9M |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $6.8M | $6.6M | $0 |
| Performance Trust Total Return Bond Fund Trust for Professional Managers | 2026-05-31 | $6.2M | $6.2M | $1.2M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $6.2M | $6.1M | $105K |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $6.1M | $6.0M | $350K |
| High Yield Bond Core Fund Federated Hermes Core Trust | 2026-06-30 | $6.1M | $6.0M | $0 |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $5.9M | $5.6M | -$361K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Voya High Yield Portfolio ($1.5M), Virtus Convertible & Income Fund ($1.1M), Voya High Yield Bond Fund ($1.0M), Virtus Convertible & Income Fund II ($820K), Voya Global Income & Growth Fund ($715K), Touchstone Funds Group Trust-Touchstone High Yield Fund ($612K), Virtus Diversified Income & Convertible Fund ($300K), Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust ($200K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($177K), Muzinich Flexible U.S. High Yield Income Fund ($150K).
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 | $35.6M | $34.8M | 0.12% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 3 | $23.4M | $23.0M | 0.14% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 2 | $9.0M | $8.9M | 0.55% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $9.0M | $8.8M | 0.40% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $8.3M | $8.4M | 0.07% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $6.2M | $6.1M | 0.08% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $5.9M | $5.6M | 0.34% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $5.2M | $5.3M | 0.07% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 3 | $5.2M | $5.1M | 0.15% |
| SMTH ALPS | Smith Core Plus Bond ETF | 2026-05-31 | 1 | $4.8M | $4.7M | 0.17% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $4.6M | $4.5M | 0.27% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $3.8M | $3.7M | 0.54% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $3.7M | $3.7M | 0.04% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $3.6M | $3.6M | 0.15% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 1 | $3.4M | $3.4M | 0.10% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.45: safer than 43% of companies (41th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $2.95B |
| Debt barrier (short-term + ½ long-term debt) | $1.80B |
| Equity volatility (1 year) | 34.7% |
| Asset value / asset volatility (solved) | $4.67B / 21.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 159 bp spread prices in about 2.6% 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'' = 0.84 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in RRR'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 | 19 | $4.5M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 235 | $3.45B | 7 | $12.3M | 8 | $7.9M | 0 |
| 2026-03-31 | 238 | $2.28B | 7 | $12.1M | 7 | $4.7M | 0 |
| 2025-12-31 | 234 | $3.12B | 7 | $12.3M | 9 | $12.1M | 0 |
| 2025-09-30 | 242 | $3.01B | 3 | $3.9M | 8 | $15.0M | 0 |
| 2025-06-30 | 211 | $2.54B | 9 | $7.6M | 8 | $10.2M | 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.