US Foods Holding Corp. bonds USFD
Who owns US Foods Holding 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. USFD 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 |
|---|---|---|---|---|---|---|---|---|---|
| 90290MAG6 | 6.875% fixed | 2028-09-15 | USD | 102.02 | 5.85% | 162 bp | 35 | $41.9M | Jul 2026 |
| 90290MAD3 | 4.75% fixed | 2029-02-15 | USD | 98.56 | 5.36% | 112 bp | 51 | $155.3M | Jul 2026 |
| 90290MAE1 | 4.625% fixed | 2030-06-01 | USD | 97.19 | 5.44% | 115 bp | 28 | $71.2M | Jul 2026 |
| 90290MAH4 | 7.25% fixed | 2032-01-15 | USD | 103.36 | 6.51% | 215 bp | 36 | $48.1M | Jul 2026 |
| 90290MAJ0 | 5.75% fixed | 2033-04-15 | USD | 99.04 | 5.92% | 148 bp | 37 | $85.2M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $39K | 99.53 | 5.84% | 134 bp | 1 |
| Jul 2026 | 5 | $401.8M | 99.04 | 5.85% | 148 bp | 51 |
| Jun 2026 | 5 | $282.6M | 100.17 | 5.72% | 140 bp | 67 |
| May 2026 | 5 | $178.9M | 99.89 | 5.70% | 147 bp | 40 |
| Apr 2026 | 5 | $389.8M | 100.39 | 5.68% | 156 bp | 50 |
| Mar 2026 | 5 | $298.2M | 99.65 | 5.81% | 177 bp | 65 |
| Feb 2026 | 5 | $176.8M | 102.01 | 5.41% | 150 bp | 38 |
| Jan 2026 | 5 | $398.6M | 101.76 | 5.45% | 144 bp | 49 |
| Dec 2025 | 5 | $299.2M | 101.91 | 5.43% | 150 bp | 66 |
| Nov 2025 | 5 | $175.8M | 101.87 | 5.44% | 155 bp | 38 |
| Oct 2025 | 5 | $393.6M | 101.37 | 5.52% | 166 bp | 45 |
| Sep 2025 | 5 | $327.7M | 100.69 | 5.64% | 173 bp | 67 |
| Aug 2025 | 5 | $175.3M | 100.49 | 5.67% | 162 bp | 40 |
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. 58 added, 57 cut, 33 new holders and 11 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $77.8M | $77.1M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $50.8M | $50.6M | $2.2M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $36.8M | $36.9M | -$5.9M |
| The Osterweis Strategic Income Fund Professionally Managed Portfolios | 2026-06-30 | $23.4M | $23.1M | $0 |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $22.5M | $22.5M | $0 |
| Income Fund of America | 2026-07-31 | $21.0M | $20.4M | $0 |
| First Trust Tactical High Yield ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $19.7M | $19.9M | $0 |
| American High Income Trust | 2026-06-30 | $19.8M | $19.6M | -$80K |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $19.3M | $19.1M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $18.4M | $18.4M | -$6.4M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $17.2M | $17.0M | $80K |
| RBC BlueBay High Yield Bond Fund RBC Funds Trust | 2026-06-30 | $14.0M | $13.9M | new |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $13.5M | $13.5M | $0 |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $12.4M | $12.2M | $78K |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $11.9M | $11.7M | $0 |
| MFS Corporate Bond Fund MFS Series Trust IX | 2026-07-31 | $11.0M | $10.9M | $1.1M |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $10.5M | $10.8M | $0 |
| First Trust High Yield Opportunities 2027 Term Fund | 2026-05-29 | $10.0M | $9.9M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $10.0M | $9.9M | $390K |
| First Trust Limited Duration Investment Grade Corporate ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $9.5M | $9.4M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.1M | $9.1M | -$4.2M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.1M | $9.1M | -$889K |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $8.7M | $8.7M | -$822K |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $8.2M | $8.4M | $48K |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $8.1M | $8.0M | $2.1M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): State Street(R) Blackstone Senior Loan ETF ($4.0M), Guggenheim Macro Opportunities Fund ($3.9M), NYLI MacKay High Income ETF ($568K), Voya Multi-Sector Income ETF ($250K), AVIP High Income Bond Portfolio ($225K), BlackRock Global Allocation Fund, Inc. ($197K), Muzinich Flexible U.S. High Yield Income Fund ($125K), Columbia U.S. High Yield ETF ($100K), State Street(R) Loomis Sayles Opportunistic Bond ETF ($74K), Neuberger Flexible Credit Income ETF ($50K).
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 | 5 | $50.8M | $50.6M | 0.18% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 5 | $36.8M | $36.9M | 0.23% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 3 | $19.7M | $19.9M | 1.23% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 4 | $18.4M | $18.4M | 0.16% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 3 | $17.2M | $17.0M | 0.22% |
| FSIG First Trust Limited Duration Investment Grade Corporate ETF | 2026-07-31 | 1 | $9.5M | $9.4M | 0.62% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 4 | $9.1M | $9.1M | 0.12% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $9.1M | $9.1M | 0.19% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 5 | $8.7M | $8.7M | 0.25% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $8.2M | $8.4M | 0.38% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 3 | $6.4M | $6.3M | 0.07% |
| FIIG First Trust Intermediate Duration Investment Grade Corporate ETF | 2026-07-31 | 1 | $6.0M | $5.9M | 0.92% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 5 | $5.7M | $5.8M | 0.24% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $5.6M | $5.5M | 0.62% |
| FTSL First Trust Senior Loan Fund | 2026-07-31 | 2 | $4.9M | $5.0M | 0.22% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.27: safer than 74% of companies (63th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-27.
| Equity value | $21.77B |
| Debt barrier (short-term + ½ long-term debt) | $2.69B |
| Equity volatility (1 year) | 29.9% |
| Asset value / asset volatility (solved) | $24.35B / 26.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 148 bp spread prices in about 2.5% 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 = 4.73 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in USFD'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 | 69 | $120.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 661 | $22.51B | 9 | $18.6M | 9 | $30.5M | 0 |
| 2026-03-31 | 663 | $17.33B | 7 | $18.2M | 8 | $18.0M | 0 |
| 2025-12-31 | 638 | $16.17B | 9 | $16.7M | 9 | $12.1M | 0 |
| 2025-09-30 | 637 | $17.10B | 10 | $18.1M | 12 | $21.2M | 0 |
| 2025-06-30 | 625 | $17.50B | 10 | $13.3M | 12 | $21.9M | 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.