Sally Beauty Holdings, Inc. bonds SBH
Who owns Sally Beauty 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. SBH 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 |
|---|---|---|---|---|---|---|---|---|---|
| 79546VAQ9 | 6.75% fixed | 2032-03-01 | USD | 101.95 | 6.33% | 196 bp | 32 | $73.3M | 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 | 1 | $73.3M | 101.95 | 6.33% | 196 bp | 32 |
| Jun 2026 | 1 | $120.3M | 102.22 | 6.28% | 203 bp | 40 |
| May 2026 | 1 | $27.7M | 102.78 | 6.17% | 196 bp | 23 |
| Apr 2026 | 1 | $74.3M | 103.11 | 6.11% | 209 bp | 35 |
| Mar 2026 | 1 | $121.2M | 102.42 | 6.25% | 232 bp | 38 |
| Feb 2026 | 1 | $27.8M | 103.82 | 5.98% | 220 bp | 24 |
| Jan 2026 | 1 | $73.9M | 103.72 | 6.01% | 212 bp | 35 |
| Dec 2025 | 1 | $108.9M | 104.54 | 5.86% | 204 bp | 37 |
| Nov 2025 | 1 | $39.4M | 104.68 | 5.84% | 205 bp | 25 |
| Oct 2025 | 1 | $75.8M | 104.15 | 5.95% | 218 bp | 35 |
| Sep 2025 | 1 | $112.1M | 104.07 | 5.98% | 218 bp | 42 |
| Aug 2025 | 1 | $63.2M | 103.84 | 6.03% | 208 bp | 34 |
| Jul 2025 | 1 | $79.7M | 102.72 | 6.24% | 213 bp | 36 |
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. 12 added, 8 cut, 2 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $67.1M | $68.5M | $0 |
| Income Fund of America | 2026-07-31 | $35.0M | $35.7M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $17.9M | $18.3M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $14.6M | $15.0M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $13.1M | $13.4M | $1.4M |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $7.9M | $8.1M | $0 |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $6.2M | $6.3M | $0 |
| VOYA INTERMEDIATE BOND FUND Voya Funds Trust | 2026-06-30 | $3.3M | $3.4M | $0 |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $3.1M | $3.2M | $0 |
| Payden High Income Fund PAYDEN & RYGEL INVESTMENT GROUP | 2026-07-31 | $3.0M | $3.1M | $0 |
| High Yield Bond Core Fund Federated Hermes Core Trust | 2026-06-30 | $2.4M | $2.4M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.1M | $2.2M | -$1.1M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $2.0M | $2.0M | $0 |
| Western Asset High Income Fund II Inc. | 2026-07-31 | $1.8M | $1.9M | $0 |
| American High Income Trust AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $1.7M | $1.8M | $0 |
| Western Asset High Income Opportunity Fund Inc. | 2026-06-30 | $1.7M | $1.7M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $1.5M | $1.5M | $221K |
| Federated Hermes Sustainable High Yield Bond Fund, Inc. | 2026-06-30 | $1.4M | $1.4M | $0 |
| Xtrackers USD High Yield BB-B ex Financials ETF DBX ETF Trust | 2026-05-31 | $1.2M | $1.2M | $302K |
| High Yield Bond Portfolio NORTHWESTERN MUTUAL SERIES FUND INC | 2026-06-30 | $1.1M | $1.2M | $0 |
| Schwab High Yield Bond ETF SCHWAB STRATEGIC TRUST | 2026-05-31 | $1.1M | $1.2M | -$17K |
| PGIM Active High Yield Bond ETF PGIM ETF Trust | 2026-05-29 | $1.1M | $1.1M | $0 |
| Angel Oak Multi-Strategy Income Fund Angel Oak Funds Trust | 2026-07-31 | $1.1M | $1.1M | $10K |
| Multi-Manager Total Return Bond Strategies Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $1.0M | $1.0M | $0 |
| Asset Allocation Fund AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $920K | $940K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): ALLSPRING INCOME OPPORTUNITIES FUND ($1.2M), ALLSPRING MULTI-SECTOR INCOME FUND ($405K), AB High Yield ETF ($125K), ALLSPRING GLOBAL DIVIDEND OPPORTUNITY FUND ($100K).
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 | 1 | $13.1M | $13.4M | 0.05% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $7.9M | $8.1M | 0.16% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $2.1M | $2.2M | 0.03% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $1.5M | $1.5M | 0.01% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.2M | $1.2M | 0.05% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.1M | $1.2M | 0.05% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $1.1M | $1.1M | 0.09% |
| CARY Angel Oak Income ETF | 2026-07-31 | 1 | $680K | $693K | 0.05% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $625K | $637K | 0.00% |
| IQHI NYLIM MacKay High Income ETF | 2026-07-31 | 1 | $571K | $582K | 0.52% |
| AOHY Angel Oak High Yield Opportunities ETF | 2026-07-31 | 1 | $550K | $561K | 0.45% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $370K | $378K | 0.07% |
| HYBB iShares BB Rated Corporate Bond ETF | 2026-07-31 | 1 | $306K | $312K | 0.07% |
| HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 2026-05-31 | 1 | $287K | $295K | 0.12% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $258K | $265K | 0.04% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.62: safer than 45% of companies (43th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $1.54B |
| Debt barrier (short-term + ½ long-term debt) | $405.8M |
| Equity volatility (1 year) | 41.9% |
| Asset value / asset volatility (solved) | $1.93B / 33.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 196 bp spread prices in about 3.3% 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'' = 3.96 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SBH'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 | 22 | $56.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 239 | $1.51B | 6 | $6.5M | 2 | $10K | 0 |
| 2026-03-31 | 253 | $1.40B | 8 | $11.9M | 3 | $367K | 0 |
| 2025-12-31 | 237 | $1.47B | 3 | $657K | 4 | $900K | 0 |
| 2025-09-30 | 244 | $1.91B | 6 | $11.2M | 6 | $3.8M | 0 |
| 2025-06-30 | 227 | $988.2M | 8 | $7.2M | 5 | $366K | 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.