Summit Midstream Corp. bonds SMC
Who owns Summit Midstream Corp.'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. SMC 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 |
|---|---|---|---|---|---|---|---|---|---|
| 86614JAA3 | 8.625% fixed | 2029-10-31 | USD | 103.85 | 7.27% | 300 bp | 38 | $83.6M | 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 | $83.6M | 103.85 | 7.27% | 300 bp | 38 |
| Jun 2026 | 1 | $155.5M | 104.28 | 7.16% | 300 bp | 53 |
| May 2026 | 1 | $33.7M | 104.32 | 7.17% | 311 bp | 24 |
| Apr 2026 | 1 | $80.7M | 104.57 | 7.13% | 328 bp | 38 |
| Mar 2026 | 1 | $166.5M | 102.90 | 7.68% | 392 bp | 58 |
| Feb 2026 | 1 | $37.0M | 104.69 | 7.14% | 357 bp | 25 |
| Jan 2026 | 1 | $89.9M | 104.49 | 7.23% | 356 bp | 41 |
| Dec 2025 | 1 | $181.6M | 103.70 | 7.49% | 388 bp | 58 |
| Nov 2025 | 1 | $24.7M | 103.23 | 7.65% | 404 bp | 25 |
| Oct 2025 | 1 | $78.6M | 101.76 | 8.10% | 451 bp | 37 |
| Sep 2025 | 1 | $173.7M | 100.53 | 8.46% | 485 bp | 51 |
| Aug 2025 | 1 | $31.1M | 99.77 | 8.69% | 495 bp | 30 |
| Jul 2025 | 1 | $83.1M | 101.86 | 8.09% | 418 bp | 43 |
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. 19 added, 14 cut, 4 new holders and 10 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $42.5M | $44.3M | $0 |
| Income Fund of America | 2026-07-31 | $19.6M | $20.3M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $18.8M | $19.5M | $2.1M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $13.7M | $14.2M | $0 |
| RiverPark Strategic Income Fund Trust for Professional Managers | 2026-06-30 | $10.8M | $11.2M | $0 |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $8.9M | $9.3M | -$888K |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $7.8M | $8.1M | $845K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.5M | $7.8M | -$346K |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $7.5M | $7.7M | -$50K |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.6M | $6.9M | -$731K |
| ICON FLEXIBLE BOND FUND SCM Trust | 2026-06-30 | $6.5M | $6.8M | $0 |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $6.1M | $6.3M | $3.0M |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $5.3M | $5.5M | $530K |
| Invesco High Yield Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $5.0M | $5.2M | $0 |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $5.0M | $5.2M | $0 |
| Victory Pioneer High Yield Fund Victory Portfolios IV | 2026-07-31 | $4.8M | $5.0M | $0 |
| Destinations Global Fixed Income Opportunities Fund Brinker Capital Destinations Trust | 2026-05-31 | $4.5M | $4.7M | $0 |
| Nationwide Strategic Income Fund Nationwide Mutual Funds | 2026-07-31 | $4.4M | $4.6M | $0 |
| Transamerica Multi-Asset Income TRANSAMERICA FUNDS | 2026-07-31 | $3.3M | $3.5M | $0 |
| Touchstone Funds Group Trust-Touchstone Ares Credit Opportunities Fund Touchstone Funds Group Trust | 2026-06-30 | $3.1M | $3.2M | $0 |
| American Funds Strategic Bond Fund | 2026-06-30 | $2.8M | $3.0M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $2.8M | $2.9M | -$1.7M |
| Buffalo High Yield Fund Buffalo Funds | 2026-06-30 | $2.6M | $2.7M | $0 |
| State Street(R) Blackstone Senior Loan ETF SSGA Active Trust | 2026-06-30 | $2.3M | $2.4M | $734K |
| PIA High Yield MACS Fund Advisors Series Trust | 2026-05-31 | $2.2M | $2.3M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Victory Pioneer Strategic Income Fund ($5.7M), Blackstone Strategic Credit 2027 Term Fund ($1.2M), Blackstone Private Multi-Asset Credit & Income Fund ($520K), Janus Henderson Multi-Sector Income Fund ($441K), Nuveen ESG High Yield Corporate Bond ETF ($340K), Mercer Opportunistic Fixed Income Fund ($280K), AB Short Duration Income ETF ($258K), Blackstone Long-Short Credit Income Fund ($210K), PD High Yield Bond Market Portfolio ($178K), Victory Pioneer Strategic Income VCT Portfolio ($55K).
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 | $18.8M | $19.5M | 0.07% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $8.9M | $9.3M | 0.57% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $7.5M | $7.8M | 0.07% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $7.5M | $7.7M | 0.10% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $6.6M | $6.9M | 0.09% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $5.3M | $5.5M | 0.11% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 1 | $2.3M | $2.4M | 0.05% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $1.5M | $1.6M | 0.31% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.5M | $1.5M | 0.06% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.4M | $1.5M | 0.06% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $1.4M | $1.5M | 0.03% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 1 | $1.4M | $1.4M | 0.02% |
| SYSB iShares Systematic Bond ETF | 2026-07-31 | 1 | $1.2M | $1.3M | 0.11% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $820K | $851K | 0.00% |
| QHY WisdomTree U.S. High Yield Corporate Bond Fund | 2026-06-30 | 1 | $610K | $637K | 0.27% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.55: safer than 32% of companies (41th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $417.5M |
| Debt barrier (short-term + ½ long-term debt) | $619.0M |
| Equity volatility (1 year) | 35.6% |
| Asset value / asset volatility (solved) | $1.01B / 14.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 300 bp spread prices in about 5.0% 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'' = 0.40 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SMC'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 | 2 | $292K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 72 | $160.7M | 0 | — | 2 | $2.2M | 0 |
| 2026-03-31 | 66 | $114.9M | 2 | $284K | 6 | $8.9M | 0 |
| 2025-12-31 | 62 | $126.3M | 1 | $269K | 3 | $843K | 0 |
| 2025-09-30 | 62 | $96.7M | 0 | — | 3 | $1.1M | 0 |
| 2025-06-30 | 59 | $112.6M | 1 | $0 | 2 | $228K | 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.