Sinclair, Inc. bonds SBGI
Who owns Sinclair, 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. SBGI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 829259AY6 | 5.5% fixed | 2030-03-01 | USD | 86.50 | 10.08% | 580 bp | 17 | $22.8M | Jul 2026 |
| 829259BF6 | 4.375% fixed | 2032-12-31 | USD | 75.73 | 9.51% | 509 bp | 12 | $4.7M | Jul 2026 |
| 829259BH2 | 8.125% fixed | 2033-02-15 | USD | 102.66 | 7.60% | 317 bp | 80 | $212.1M | Jul 2026 |
| 829259BG4 | 9.75% fixed | 2033-02-15 | USD | 111.19 | 7.55% | 312 bp | 7 | $2.0M | 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 | 4 | $241.5M | 94.58 | 8.56% | 413 bp | 80 |
| Jun 2026 | 4 | $241.7M | 95.17 | 8.39% | 409 bp | 105 |
| May 2026 | 4 | $171.8M | 95.60 | 7.98% | 370 bp | 58 |
| Apr 2026 | 4 | $239.0M | 95.95 | 8.33% | 423 bp | 79 |
| Mar 2026 | 4 | $240.4M | 94.13 | 8.30% | 428 bp | 100 |
| Feb 2026 | 4 | $174.8M | 96.51 | 7.95% | 407 bp | 58 |
| Jan 2026 | 4 | $231.4M | 95.70 | 8.17% | 419 bp | 85 |
| Dec 2025 | 4 | $250.8M | 97.48 | 8.07% | 424 bp | 105 |
| Nov 2025 | 4 | $166.1M | 96.13 | 8.36% | 448 bp | 59 |
| Oct 2025 | 4 | $215.9M | 93.52 | 8.77% | 492 bp | 81 |
| Sep 2025 | 5 | $259.6M | 100.05 | 7.98% | 408 bp | 105 |
| Aug 2025 | 5 | $175.7M | 95.35 | 8.58% | 478 bp | 54 |
| Jul 2025 | 5 | $229.2M | 96.48 | 8.14% | 394 bp | 76 |
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. 65 added, 35 cut, 17 new holders and 19 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $39.9M | $41.0M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $40.1M | $39.5M | $4.4M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $36.8M | $37.7M | $3.9M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $31.3M | $31.4M | $1.8M |
| American High Income Trust | 2026-06-30 | $27.5M | $28.3M | $0 |
| Income Fund of America | 2026-07-31 | $24.1M | $24.7M | $0 |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $22.7M | $23.3M | $0 |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $21.9M | $22.5M | $0 |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $18.1M | $18.5M | -$4.6M |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $15.1M | $15.5M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $14.8M | $14.6M | -$150K |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $10.6M | $10.9M | $144K |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $10.0M | $10.3M | $0 |
| First Trust Tactical High Yield ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $8.7M | $8.9M | $0 |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $8.3M | $8.5M | $480K |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $9.0M | $8.3M | -$3.1M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.1M | $8.2M | -$1.3M |
| Principal Active High Yield ETF Principal Exchange-Traded Funds | 2026-06-30 | $7.9M | $8.1M | $2.1M |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $7.1M | $7.2M | -$675K |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $6.8M | $7.0M | $1.0M |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $6.4M | $6.6M | $1.0M |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $6.4M | $6.6M | $124K |
| First Trust Senior Loan Fund First Trust Exchange-Traded Fund IV | 2026-07-31 | $6.4M | $6.5M | $0 |
| Global Opportunities Portfolio | 2026-07-31 | $6.3M | $6.5M | $0 |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $6.1M | $6.3M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): RBC BlueBay High Yield Bond Fund ($7.4M), T. Rowe Price U.S. High Yield ETF ($3.8M), T. Rowe Price U.S. High Yield Fund ($2.8M), TCW Flexible Income ETF ($2.7M), THE HARTFORD BALANCED INCOME FUND ($1.4M), Asset Allocation Fund ($1.4M), State Street(R) Blackstone Senior Loan ETF ($526K), MFS MULTIMARKET INCOME TRUST ($517K), CITY NATIONAL ROCHDALE FIXED INCOME OPPORTUNITIES FUND ($475K), State Street(R) Blackstone High Income ETF ($474K).
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 | $40.1M | $39.5M | 0.14% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 3 | $31.3M | $31.4M | 0.19% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $14.8M | $14.6M | 0.13% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 1 | $8.7M | $8.9M | 0.55% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 2 | $9.0M | $8.3M | 0.51% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $8.1M | $8.2M | 0.11% |
| YLD Principal Active High Yield ETF | 2026-06-30 | 1 | $7.9M | $8.1M | 1.42% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 3 | $7.1M | $7.2M | 0.21% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $6.4M | $6.6M | 0.30% |
| FTSL First Trust Senior Loan Fund | 2026-07-31 | 1 | $6.4M | $6.5M | 0.28% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $5.8M | $6.1M | 0.24% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 4 | $6.5M | $5.7M | 0.52% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 1 | $4.0M | $4.1M | 0.35% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $4.1M | $3.6M | 0.05% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $2.9M | $3.0M | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.63: safer than 21% of companies (25th percentile in Communication Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $923.0M |
| Debt barrier (short-term + ½ long-term debt) | $2.04B |
| Equity volatility (1 year) | 44.4% |
| Asset value / asset volatility (solved) | $2.88B / 14.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 413 bp spread prices in about 6.9% 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'' = 1.23 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SBGI'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 | 13 | $906K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 171 | $454.9M | 7 | $1.3M | 9 | $1.3M | 0 |
| 2026-03-31 | 158 | $334.0M | 5 | $782K | 9 | $1.6M | 0 |
| 2025-12-31 | 162 | $452.5M | 5 | $1.4M | 9 | $7.7M | 1 |
| 2025-09-30 | 153 | $433.1M | 10 | $7.8M | 9 | $11.1M | 1 |
| 2025-06-30 | 160 | $385.7M | 9 | $6.6M | 9 | $5.7M | 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.