Wyndham Hotels & Resorts, Inc. bonds WH
Who owns Wyndham Hotels & Resorts, 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. WH 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 |
|---|---|---|---|---|---|---|---|---|---|
| 98311AAB1 | 4.375% fixed | 2028-08-15 | USD | 97.93 | 5.46% | 124 bp | 34 | $87.2M | Jul 2026 |
| BL4663300 | 0% fixed | 2030-05-28 | USD | — | — | — | 2 | $3.1M | Jun 2026 |
| 98311AAE5 | 5.625% fixed | 2033-03-01 | USD | 97.33 | 6.12% | 169 bp | 43 | $57.1M | 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 | 2 | $144.3M | 97.63 | 5.79% | 146 bp | 43 |
| Jun 2026 | 3 | $160.9M | 98.65 | 5.47% | 126 bp | 64 |
| May 2026 | 2 | $77.5M | 98.56 | 5.47% | 132 bp | 28 |
| Apr 2026 | 2 | $132.6M | 98.69 | 5.46% | 151 bp | 49 |
| Mar 2026 | 3 | $145.8M | 98.09 | 5.65% | 178 bp | 70 |
| Feb 2026 | 2 | $70.2M | 99.97 | 5.10% | 140 bp | 22 |
| Jan 2026 | 1 | $75.6M | 98.88 | 4.85% | 127 bp | 30 |
| Dec 2025 | 2 | $74.7M | 98.95 | 4.80% | 127 bp | 52 |
| Nov 2025 | 1 | $26.6M | 98.58 | 4.94% | 138 bp | 22 |
| Oct 2025 | 1 | $80.3M | 98.30 | 5.03% | 151 bp | 34 |
| Sep 2025 | 2 | $79.7M | 97.68 | 5.25% | 170 bp | 60 |
| Aug 2025 | 1 | $30.0M | 97.67 | 5.23% | 156 bp | 23 |
| Jul 2025 | 1 | $74.8M | 97.09 | 5.43% | 158 bp | 37 |
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. 39 added, 26 cut, 15 new holders and 17 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $39.7M | $39.2M | $0 |
| Income Fund of America | 2026-07-31 | $26.8M | $26.2M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $23.3M | $22.8M | $2.5M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $15.8M | $15.6M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $15.2M | $15.0M | $11.2M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $15.1M | $14.9M | $6.5M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $11.9M | $11.6M | $0 |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $11.4M | $11.2M | -$2.0M |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $11.2M | $10.9M | $260K |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $10.1M | $9.9M | -$345K |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $10.1M | $9.9M | $0 |
| ALPS | Smith Total Return Bond Fund FINANCIAL INVESTORS TRUST | 2026-07-31 | $8.2M | $8.0M | new |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.1M | $7.0M | $3.3M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $6.8M | $6.6M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $6.7M | $6.6M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.9M | $5.8M | $3.9M |
| Performance Trust Total Return Bond Fund Trust for Professional Managers | 2026-05-31 | $5.7M | $5.6M | $0 |
| PIMCO Dynamic Income Strategy Fund | 2026-06-30 | $5.3M | $5.2M | new |
| AB Short Duration High Yield ETF AB Active ETFs, Inc. | 2026-05-31 | $5.1M | $5.1M | $300K |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $4.6M | $4.6M | -$2.2M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $4.5M | $4.4M | $130K |
| TCW METWEST HIGH YIELD BOND FUND TCW Metropolitan West Funds | 2026-06-30 | $4.4M | $4.3M | $0 |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $4.4M | $4.3M | $1.1M |
| AB HIGH INCOME FUND INC | 2026-07-31 | $4.4M | $4.3M | $0 |
| RBC BlueBay High Yield Bond Fund RBC Funds Trust | 2026-06-30 | $3.8M | $3.8M | -$1.1M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Bond Fund ($7.3M), Palmer Square Income Plus Fund ($1.6M), Janus Henderson High-Yield Fund ($1.4M), Neuberger Strategic Income Fund ($1.2M), Neuberger High Income Bond Fund ($805K), Neuberger High Yield Strategies Fund Inc. ($580K), JNL/Neuberger Berman Strategic Income Fund ($335K), Jackson Credit Opportunities Fund ($240K), Palmer Square Credit Opportunities ETF ($225K), Active Bond Trust ($150K).
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 | 2 | $23.3M | $22.8M | 0.08% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $15.2M | $15.0M | 0.09% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $7.1M | $7.0M | 0.06% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $5.9M | $5.8M | 0.08% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $5.1M | $5.1M | 0.56% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $4.5M | $4.4M | 0.06% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $3.8M | $3.7M | 0.08% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $3.4M | $3.4M | 0.10% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $2.7M | $2.7M | 0.39% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $2.7M | $2.6M | 0.16% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 2 | $2.4M | $2.3M | 0.05% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $2.3M | $2.3M | 0.09% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $2.0M | $1.9M | 0.08% |
| IBHH iShares iBonds 2028 Term High Yield and Income ETF | 2026-07-31 | 1 | $1.6M | $1.5M | 0.34% |
| HYFI AB High Yield ETF | 2026-05-31 | 1 | $1.5M | $1.5M | 0.43% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.64: safer than 63% of companies (61th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $5.66B |
| Debt barrier (short-term + ½ long-term debt) | $1.35B |
| Equity volatility (1 year) | 30.5% |
| Asset value / asset volatility (solved) | $6.95B / 24.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 146 bp spread prices in about 2.4% 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'' = 1.22 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in WH'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 | 44 | $56.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 459 | $6.10B | 8 | $30.6M | 8 | $31.1M | 0 |
| 2026-03-31 | 415 | $5.25B | 8 | $16.3M | 7 | $6.8M | 0 |
| 2025-12-31 | 411 | $5.66B | 4 | $3.6M | 5 | $7.2M | 0 |
| 2025-09-30 | 425 | $5.63B | 5 | $10.0M | 9 | $13.7M | 0 |
| 2025-06-30 | 449 | $5.87B | 4 | $11.6M | 6 | $3.5M | 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.