Ryan Specialty Holdings, Inc. bonds RYAN
Who owns Ryan Specialty Holdings, 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. RYAN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 78351MAA0 | 4.375% fixed | 2030-02-01 | USD | 96.65 | 5.44% | 116 bp | 29 | $63.5M | Jul 2026 |
| BL4755205 | 0% fixed | 2031-09-11 | USD | — | — | — | 2 | $384K | Jun 2026 |
| 78351GAA3 | 5.875% fixed | 2032-08-01 | USD | 98.65 | 6.15% | 175 bp | 55 | $179.0M | 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 | $242.5M | 97.65 | 5.79% | 146 bp | 55 |
| Jun 2026 | 3 | $445.6M | 97.44 | 5.83% | 161 bp | 110 |
| May 2026 | 2 | $57.0M | 98.14 | 5.65% | 149 bp | 29 |
| Apr 2026 | 2 | $245.0M | 98.59 | 5.54% | 158 bp | 55 |
| Mar 2026 | 3 | $433.6M | 97.97 | 5.66% | 178 bp | 117 |
| Feb 2026 | 2 | $57.2M | 99.09 | 5.42% | 171 bp | 31 |
| Jan 2026 | 2 | $244.7M | 99.60 | 5.32% | 150 bp | 61 |
| Dec 2025 | 3 | $449.8M | 100.18 | 5.17% | 143 bp | 112 |
| Nov 2025 | 2 | $62.9M | 100.02 | 5.21% | 148 bp | 31 |
| Oct 2025 | 2 | $241.2M | 99.78 | 5.25% | 155 bp | 60 |
| Sep 2025 | 3 | $439.8M | 98.99 | 5.43% | 170 bp | 105 |
| Aug 2025 | 2 | $75.0M | 98.77 | 5.48% | 160 bp | 33 |
| Jul 2025 | 2 | $232.5M | 98.18 | 5.60% | 156 bp | 60 |
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. 41 added, 43 cut, 13 new holders and 21 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| T. Rowe Price Capital Appreciation Fund T. ROWE PRICE CAPITAL APPRECIATION FUND, INC. | 2026-06-30 | $90.8M | $88.8M | $0 |
| Income Fund of America | 2026-07-31 | $52.6M | $51.3M | $2.5M |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $50.1M | $49.3M | -$665K |
| American High Income Trust | 2026-06-30 | $37.2M | $36.3M | $0 |
| BrandywineGLOBAL - CORPORATE CREDIT FUND Legg Mason Partners Investment Trust | 2026-06-30 | $32.1M | $31.6M | $5.2M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $30.6M | $30.0M | $2.4M |
| Artisan High Income Fund Artisan Partners Funds Inc. | 2026-06-30 | $26.6M | $26.1M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $23.1M | $22.5M | $0 |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $21.8M | $21.5M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $21.5M | $21.3M | $237K |
| JNL/T. Rowe Price Capital Appreciation Fund JNL Series Trust | 2026-06-30 | $20.9M | $20.4M | $819K |
| Victory Core Plus Intermediate Bond Fund Victory Portfolios III | 2026-07-31 | $20.4M | $20.2M | $2.6M |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $17.1M | $16.8M | -$2.5M |
| First Trust Core Investment Grade ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $16.1M | $15.7M | $0 |
| Loomis Sayles Income Fund LOOMIS SAYLES FUNDS I | 2026-06-30 | $12.9M | $12.7M | $0 |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $12.4M | $12.3M | -$4.3M |
| First Trust Limited Duration Investment Grade Corporate ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $11.4M | $11.2M | -$5.0M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $10.8M | $10.8M | $1.8M |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $9.9M | $9.7M | $0 |
| VY(R) T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO Voya Investors Trust | 2026-06-30 | $9.9M | $9.7M | $0 |
| American Balanced Fund | 2026-06-30 | $9.3M | $9.1M | new |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.9M | $8.7M | $2.6M |
| VictoryShares Core Plus Bond ETF Victory Portfolios II | 2026-06-30 | $8.3M | $8.2M | $163K |
| First Trust Intermediate Duration Investment Grade Corporate ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $8.4M | $8.2M | $0 |
| Goldman Sachs High Yield Fund GOLDMAN SACHS TRUST | 2026-06-30 | $7.9M | $7.8M | $4.8M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): High Yield Bond Portfolio ($2.6M), BNY Mellon High Yield Fund ($1.3M), First Trust High Yield Opportunities 2027 Term Fund ($1.0M), BNY Mellon High Yield Strategies Fund ($756K), Columbia Income Opportunities Fund ($721K), Western Asset Premier Bond Fund ($680K), Loomis Sayles Institutional High Income Fund ($628K), Columbia Variable Portfolio - Income Opportunities Fund ($516K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($483K), JNL/Neuberger Berman Strategic Income Fund ($430K).
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 | $30.6M | $30.0M | 0.10% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $21.5M | $21.3M | 0.13% |
| FTCB First Trust Core Investment Grade ETF | 2026-07-31 | 2 | $16.1M | $15.7M | 0.62% |
| FSIG First Trust Limited Duration Investment Grade Corporate ETF | 2026-07-31 | 2 | $11.4M | $11.2M | 0.74% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $8.9M | $8.7M | 0.08% |
| UBND VictoryShares Core Plus Bond ETF | 2026-06-30 | 1 | $8.3M | $8.2M | 0.42% |
| FIIG First Trust Intermediate Duration Investment Grade Corporate ETF | 2026-07-31 | 2 | $8.4M | $8.2M | 1.27% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $4.8M | $4.7M | 0.14% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $4.5M | $4.4M | 0.06% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $3.6M | $3.5M | 0.05% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $2.6M | $2.6M | 0.10% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.8M | $1.8M | 0.00% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 2 | $1.5M | $1.5M | 0.03% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $1.1M | $1.0M | 0.20% |
| HYBB iShares BB Rated Corporate Bond ETF | 2026-07-31 | 2 | $825K | $809K | 0.19% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
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
Not available.
The stock side: 13F filings
What institutions report holding in RYAN'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 | 34 | $164.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 362 | $4.14B | 6 | $7.9M | 6 | $7.9M | 0 |
| 2026-03-31 | 347 | $2.98B | 5 | $4.1M | 6 | $3.9M | 0 |
| 2025-12-31 | 370 | $4.90B | 1 | $475K | 7 | $9.0M | 0 |
| 2025-09-30 | 358 | $5.43B | 4 | $2.8M | 5 | $10.9M | 0 |
| 2025-06-30 | 369 | $6.61B | 4 | $2.1M | 5 | $12.1M | 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.