Sonic Automotive, Inc. bonds SAH
Who owns Sonic Automotive, 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. SAH 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 |
|---|---|---|---|---|---|---|---|---|---|
| 83545GBD3 | 4.625% fixed | 2029-11-15 | USD | 97.45 | 5.48% | 121 bp | 29 | $101.4M | Jul 2026 |
| 83545GBE1 | 4.875% fixed | 2031-11-15 | USD | 95.55 | 5.86% | 151 bp | 30 | $95.0M | 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 | $196.5M | 96.50 | 5.67% | 136 bp | 30 |
| Jun 2026 | 2 | $240.0M | 97.19 | 5.47% | 127 bp | 39 |
| May 2026 | 2 | $79.3M | 96.84 | 5.54% | 141 bp | 23 |
| Apr 2026 | 2 | $201.6M | 97.01 | 5.49% | 157 bp | 39 |
| Mar 2026 | 2 | $239.2M | 95.98 | 5.75% | 191 bp | 41 |
| Feb 2026 | 2 | $74.4M | 97.48 | 5.35% | 168 bp | 25 |
| Jan 2026 | 2 | $204.5M | 97.38 | 5.36% | 159 bp | 43 |
| Dec 2025 | 2 | $221.5M | 97.58 | 5.31% | 161 bp | 43 |
| Nov 2025 | 2 | $75.8M | 96.97 | 5.45% | 176 bp | 27 |
| Oct 2025 | 2 | $201.2M | 96.25 | 5.60% | 194 bp | 41 |
| Sep 2025 | 2 | $244.2M | 96.42 | 5.56% | 187 bp | 47 |
| Aug 2025 | 2 | $74.1M | 96.40 | 5.55% | 172 bp | 29 |
| Jul 2025 | 2 | $206.4M | 95.26 | 5.80% | 180 bp | 42 |
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. 28 added, 30 cut, 4 new holders and 11 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Income Fund of America | 2026-07-31 | $99.9M | $96.5M | $0 |
| American High Income Trust | 2026-06-30 | $92.9M | $90.2M | -$4.0M |
| The Osterweis Strategic Income Fund Professionally Managed Portfolios | 2026-06-30 | $34.5M | $33.9M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $22.8M | $22.2M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $21.2M | $20.5M | $1.8M |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $15.5M | $15.0M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $15.2M | $14.8M | $200K |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $14.5M | $14.0M | -$176K |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $13.1M | $12.5M | $0 |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $12.8M | $12.5M | $740K |
| AB HIGH INCOME FUND INC | 2026-07-31 | $10.7M | $10.4M | $0 |
| Eaton Vance Total Return Bond ETF Morgan Stanley ETF Trust | 2026-06-30 | $10.4M | $10.1M | $211K |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $10.1M | $9.8M | $742K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.1M | $8.8M | $933K |
| JPMorgan Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $8.0M | $7.8M | $1.3M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.9M | $7.6M | $363K |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $7.2M | $7.0M | $51K |
| Eaton Vance Total Return Bond Fund Eaton Vance Mutual Funds Trust | 2026-06-30 | $5.8M | $5.7M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $5.9M | $5.7M | -$25K |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $5.6M | $5.4M | $0 |
| HIGH INCOME OPPORTUNITIES PORTFOLIO High Income Opportunities Portfolio | 2026-07-31 | $4.8M | $4.6M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $4.8M | $4.6M | $0 |
| Payden High Income Fund PAYDEN & RYGEL INVESTMENT GROUP | 2026-07-31 | $4.8M | $4.6M | $460K |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $4.0M | $3.9M | $2.0M |
| Hotchkis and Wiley High Yield Fund HOTCHKIS & WILEY FUNDS/DE/ | 2026-06-30 | $4.0M | $3.8M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): CALAMOS STRATEGIC TOTAL RETURN FUND ($658K), CALAMOS CONVERTIBLE & HIGH INCOME FUND ($573K), CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND ($535K), Goldman Sachs Income Fund ($260K), Calamos Dynamic Convertible & Income Fund ($153K), Calamos Global Dynamic Income Fund ($121K), Calamos Long/Short Equity & Dynamic Income Trust ($102K), BlackRock Global Allocation Fund, Inc. ($100K), Six Circles Credit Opportunities Fund ($88K), Calamos High Income Opportunities Fund ($34K).
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 | $21.2M | $20.5M | 0.07% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $14.5M | $14.0M | 0.09% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 1 | $10.4M | $10.1M | 0.18% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 2 | $10.1M | $9.8M | 0.19% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $9.1M | $8.8M | 0.08% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $8.0M | $7.8M | 0.09% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $7.9M | $7.6M | 0.10% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $5.9M | $5.7M | 0.07% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $4.0M | $3.9M | 0.18% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $3.5M | $3.4M | 0.10% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $3.5M | $3.4M | 0.03% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 1 | $3.5M | $3.3M | 0.04% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $2.4M | $2.4M | 0.20% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $2.3M | $2.2M | 0.09% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $2.2M | $2.2M | 0.04% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.68: safer than 21% of companies (20th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $2.00B |
| Debt barrier (short-term + ½ long-term debt) | $3.28B |
| Equity volatility (1 year) | 45.7% |
| Asset value / asset volatility (solved) | $5.13B / 17.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 136 bp spread prices in about 2.3% 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 = 3.26 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SAH'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 | 24 | $6.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 229 | $1.17B | 3 | $1.9M | 1 | $348K | 0 |
| 2026-03-31 | 210 | $833.0M | 1 | $7K | 2 | $370K | 0 |
| 2025-12-31 | 220 | $891.3M | 0 | — | 0 | — | 1 |
| 2025-09-30 | 220 | $1.18B | 2 | $243K | 1 | $913K | 1 |
| 2025-06-30 | 207 | $1.22B | 2 | $272K | 4 | $1.8M | 1 |
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.