Velocity Financial, Inc. bonds VEL
Who owns Velocity Financial, 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. VEL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 92259RAE5 | 9.375% fixed | 2031-02-15 | USD | 102.98 | 8.57% | 425 bp | 27 | $76.7M | 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 | $76.7M | 102.98 | 8.57% | 425 bp | 27 |
| Jun 2026 | 1 | $46.3M | 103.57 | 8.42% | 422 bp | 31 |
| May 2026 | 1 | $8.8M | 103.06 | 8.57% | 443 bp | 9 |
| Apr 2026 | 1 | $70.2M | 103.45 | 8.48% | 455 bp | 30 |
| Mar 2026 | 1 | $40.5M | 99.98 | 9.38% | 553 bp | 38 |
| Feb 2026 | 1 | $23.2M | 101.44 | 9.01% | 533 bp | 15 |
| Jan 2026 | 1 | $39.1M | 101.55 | 8.99% | 520 bp | 27 |
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. 13 added, 12 cut, 7 new holders and 23 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $32.7M | $33.7M | $4.3M |
| High Yield Bond Series Manning & Napier Fund, Inc. | 2026-06-30 | $19.5M | $20.1M | $6.8M |
| THE HARTFORD STRATEGIC INCOME FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $12.9M | $13.3M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $9.5M | $9.8M | $1.2M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $4.3M | $4.4M | $240K |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $4.2M | $4.4M | $70K |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $4.1M | $4.2M | $0 |
| Catalyst/SMH High Income Fund MUTUAL FUND SERIES TRUST | 2026-06-30 | $4.0M | $4.2M | $2.0M |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $2.8M | $2.9M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.7M | $2.8M | -$401K |
| Hartford Strategic Income ETF Hartford Funds Exchange-Traded Trust | 2026-07-31 | $2.7M | $2.8M | $420K |
| Impax High Yield Bond Fund IMPAX FUNDS SERIES TRUST I | 2026-06-30 | $2.5M | $2.6M | $500K |
| Timothy Plan High Yield Bond Fund TIMOTHY PLAN | 2026-06-30 | $2.2M | $2.3M | $200K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $1.6M | $1.7M | $1.3M |
| BrandywineGLOBAL - CORPORATE CREDIT FUND Legg Mason Partners Investment Trust | 2026-06-30 | $1.6M | $1.6M | $0 |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $1.5M | $1.6M | -$126K |
| Mercer Opportunistic Fixed Income Fund Mercer Funds | 2026-06-30 | $1.5M | $1.5M | -$510K |
| Destinations Global Fixed Income Opportunities Fund Brinker Capital Destinations Trust | 2026-05-31 | $1.4M | $1.4M | new |
| Neuberger Strategic Income Fund NEUBERGER BERMAN INCOME FUNDS | 2026-07-31 | $1.4M | $1.4M | $0 |
| Neuberger High Yield Strategies Fund Inc. | 2026-07-31 | $1.3M | $1.3M | $0 |
| Barrow Hanley Credit Opportunities Fund Perpetual Americas Funds Trust | 2026-06-30 | $1.0M | $1.1M | $0 |
| EP Private Capital Fund I | 2026-06-30 | $1.0M | $1.1M | -$1.4M |
| Hartford Multi-Asset Income Fund HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $1.0M | $1.0M | $0 |
| Neuberger High Income Bond Fund NEUBERGER BERMAN INCOME FUNDS | 2026-07-31 | $875K | $901K | $0 |
| Schwab High Yield Bond ETF SCHWAB STRATEGIC TRUST | 2026-05-31 | $827K | $852K | new |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Floating Rate Fund ($7.1M), Invesco High Yield Fund ($5.5M), iShares High Yield Systematic Bond ETF ($2.1M), BlackRock Systematic Multi-Strategy Fund ($1.2M), SIIT HIGH YIELD BOND FUND ($630K), High Income Fund ($625K), Invesco Corporate Bond Fund ($600K), Eagle Point Defensive Income Trust ($546K), Invesco High Income Trust II ($521K), Blackstone Strategic Credit 2027 Term Fund ($302K).
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 | $9.5M | $9.8M | 0.03% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $4.3M | $4.4M | 0.06% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $4.2M | $4.4M | 0.40% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $2.7M | $2.8M | 0.04% |
| HFSI Hartford Strategic Income ETF | 2026-07-31 | 1 | $2.7M | $2.8M | 0.26% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $1.6M | $1.7M | 0.03% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $1.5M | $1.6M | 0.05% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $827K | $852K | 0.03% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $480K | $494K | 0.00% |
| QHY WisdomTree U.S. High Yield Corporate Bond Fund | 2026-06-30 | 1 | $425K | $440K | 0.18% |
| CARY Angel Oak Income ETF | 2026-07-31 | 1 | $340K | $350K | 0.03% |
| AOHY Angel Oak High Yield Opportunities ETF | 2026-07-31 | 1 | $260K | $268K | 0.22% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $200K | $207K | 0.00% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $190K | $196K | 0.03% |
| SHYL Xtrackers Short Duration High Yield Bond ETF | 2026-05-29 | 1 | $186K | $192K | 0.07% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 425 bp spread prices in about 7.1% 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
Not available.
The stock side: 13F filings
What institutions report holding in VEL'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 | 10 | $200.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 98 | $718.8M | 6 | $14.2M | 3 | $986K | 0 |
| 2026-03-31 | 96 | $687.1M | 9 | $21.1M | 2 | $866K | 0 |
| 2025-12-31 | 106 | $786.8M | 4 | $1.8M | 5 | $4.0M | 0 |
| 2025-09-30 | 104 | $680.0M | 6 | $9.3M | 6 | $11.3M | 0 |
| 2025-06-30 | 91 | $689.5M | 8 | $13.6M | 8 | $12.1M | 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.