CVR Partners, LP bonds UAN
Who owns CVR Partners, LP'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. UAN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 12663QAC9 | 6.125% fixed | 2028-06-15 | USD | 99.92 | 6.17% | 197 bp | 29 | $66.5M | 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 | $66.5M | 99.92 | 6.17% | 197 bp | 29 |
| Jun 2026 | 1 | $52.2M | 99.85 | 6.21% | 210 bp | 26 |
| May 2026 | 1 | $77.3M | 100.01 | 6.12% | 212 bp | 24 |
| Apr 2026 | 1 | $70.8M | 99.95 | 6.14% | 234 bp | 32 |
| Mar 2026 | 1 | $65.8M | 99.64 | 6.30% | 258 bp | 33 |
| Feb 2026 | 1 | $74.3M | 99.86 | 6.19% | 270 bp | 21 |
| Jan 2026 | 1 | $76.3M | 100.07 | 6.09% | 252 bp | 34 |
| Dec 2025 | 1 | $67.0M | 100.48 | 5.91% | 239 bp | 39 |
| Nov 2025 | 1 | $70.1M | 99.69 | 6.26% | 270 bp | 20 |
| Oct 2025 | 1 | $73.6M | 99.93 | 6.15% | 262 bp | 34 |
| Sep 2025 | 1 | $86.6M | 99.90 | 6.16% | 260 bp | 38 |
| Aug 2025 | 1 | $71.8M | 99.74 | 6.22% | 255 bp | 19 |
| Jul 2025 | 1 | $71.4M | 99.33 | 6.38% | 254 bp | 32 |
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. 15 added, 13 cut, 5 new holders and 11 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $29.4M | $29.5M | -$1.0M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $27.1M | $27.1M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $11.2M | $11.2M | $1.2M |
| American High Income Trust | 2026-06-30 | $10.4M | $10.4M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.1M | $9.0M | $2.2M |
| T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. | 2026-05-31 | $7.9M | $7.9M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $7.5M | $7.5M | $0 |
| Income Fund of America | 2026-07-31 | $6.1M | $6.1M | $0 |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $6.0M | $6.0M | $0 |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $5.4M | $5.4M | -$731K |
| AB Short Duration High Yield ETF AB Active ETFs, Inc. | 2026-05-31 | $4.9M | $4.9M | $0 |
| American Funds Strategic Bond Fund | 2026-06-30 | $4.9M | $4.9M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $4.9M | $4.8M | $280K |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $4.7M | $4.7M | new |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $4.5M | $4.5M | $0 |
| Impax High Yield Bond Fund IMPAX FUNDS SERIES TRUST I | 2026-06-30 | $4.3M | $4.3M | $0 |
| Fidelity Enhanced High Yield ETF Fidelity Covington Trust | 2026-05-31 | $4.1M | $4.1M | $229K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.0M | $4.0M | -$498K |
| Short Duration Bond Fund John Hancock Bond Trust | 2026-05-31 | $3.1M | $3.1M | $629K |
| AB HIGH INCOME FUND INC | 2026-07-31 | $3.1M | $3.0M | $0 |
| Invesco BulletShares 2028 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $2.9M | $2.9M | $430K |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $2.2M | $2.2M | $32K |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $1.9M | $1.9M | -$1.8M |
| Strategic Advisers Income Opportunities Fund Fidelity Rutland Square Trust II | 2026-05-31 | $1.8M | $1.8M | $0 |
| Fidelity Series High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $1.8M | $1.8M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): State Street(R) SPDR(R) Bloomberg High Yield Bond ETF ($6.0M), T. Rowe Price Global High Income Bond Fund ($3.6M), Multi-Manager High Yield Bond Fund ($3.4M), State Street(R) Blackstone Senior Loan ETF ($1.8M), State Street(R) Blackstone High Income ETF ($1.0M), Blackstone Strategic Credit 2027 Term Fund ($854K), Harbor Ares Systematic High Yield ETF ($800K), Blackstone Private Multi-Asset Credit & Income Fund ($340K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($329K), BondBloxx BB Rated USD High Yield Corporate Bond ETF ($290K).
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 | $11.2M | $11.2M | 0.04% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $9.1M | $9.0M | 0.08% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $5.4M | $5.4M | 0.33% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $4.9M | $4.9M | 0.55% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $4.9M | $4.8M | 0.06% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 1 | $4.1M | $4.1M | 0.79% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $4.0M | $4.0M | 0.08% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $2.9M | $2.9M | 0.42% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $1.9M | $1.9M | 0.17% |
| IBHH iShares iBonds 2028 Term High Yield and Income ETF | 2026-07-31 | 1 | $1.7M | $1.7M | 0.38% |
| HYFI AB High Yield ETF | 2026-05-31 | 1 | $1.5M | $1.5M | 0.45% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $1.3M | $1.3M | 0.08% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.1M | $1.1M | 0.04% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.1M | $1.1M | 0.05% |
| SYSB iShares Systematic Bond ETF | 2026-07-31 | 1 | $758K | $757K | 0.06% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.94: safer than 48% of companies (54th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $1.34B |
| Debt barrier (short-term + ½ long-term debt) | $284.5M |
| Equity volatility (1 year) | 41.9% |
| Asset value / asset volatility (solved) | $1.61B / 34.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 197 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'' = 3.03 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in UAN'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 | 3 | $472K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 67 | $635.0M | 6 | $16.5M | 6 | $36.2M | 0 |
| 2026-03-31 | 73 | $731.3M | 7 | $12.5M | 8 | $57.3M | 0 |
| 2025-12-31 | 67 | $556.1M | 5 | $15.4M | 6 | $8.2M | 0 |
| 2025-09-30 | 65 | $479.7M | 4 | $5.9M | 5 | $16.9M | 0 |
| 2025-06-30 | 63 | $464.2M | 5 | $2.3M | 6 | $19.9M | 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.