Spitfire Capital’s US Physical Therapy USPH Stock Holding History

Spitfire Capital’s Portfolio USPH Stock Details USPH Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-35,685	Closed	-$2.24M	–	23
2016 Q3	$2.24M	Sell	35,685 -89,993	-72%	-$5.55M	1%	22
2016 Q2	$7.57M	Sell	125,678 -97,063	-44%	-$5.32M	3.52%	16
2016 Q1	$11.1M	Sell	222,741 -10,698	-5%	-$532K	5.11%	6
2015 Q4	$12.5M	Sell	233,439 -58,280	-20%	-$2.92M	5.77%	6
2015 Q3	$13.1M	Sell	291,719 -22,892	-7%	-$1.14M	5.62%	4
2015 Q2	$17.2M	Sell	314,611 -12,500	-4%	-$619K	6.62%	3
2015 Q1	$15.5M	Sell	327,111 -27,011	-8%	-$1.15M	6.49%	3
2014 Q4	$14.9M	Sell	354,122 -81,370	-19%	-$3.2M	6.88%	3
2014 Q3	$15.4M	Sell	435,492 -9,459	-2%	-$334K	7.76%	3
2014 Q2	$15.2M	Buy	444,951 +23,370	+6%	+$754K	7.71%	3
2014 Q1	$14.6M	Buy	421,581 +13,245	+3%	+$440K	8.46%	3
2013 Q4	$14.4M	Buy	+408,336	New	+$13.4M	9.72%	2

Other funds holding USPH

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

AAM

Aberdeen Asset Management Aberdeen, United Kingdom $30B AUM 22.46% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Riverbridge Partners Minneapolis, Minnesota $3.58B AUM 4.02% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Spitfire Capital's USPH Position: Q4 2016 in Review

Spitfire Capital sold out of US Physical Therapy (USPH) in Q4 2016, closing a stake of 35,685 shares — an estimated $2.24M sold.

Spitfire Capital first reported a position in USPH in Q4 2013 and held it in 12 quarters. The position peaked at $17.2M in Q2 2015. 173 funds tracked by Wall St. Rank hold USPH as of Q4 2016.

Spitfire Capital reported no remaining US Physical Therapy position as of Q4 2016 after selling out during the quarter.
Spitfire Capital sold 35,685 US Physical Therapy shares in Q4 2016, an estimated $2.24M.
Spitfire Capital first reported a position in US Physical Therapy in Q4 2013 and held it in 12 quarters.
Spitfire Capital's US Physical Therapy position peaked at $17.2M in Q2 2015.
173 funds tracked by Wall St. Rank held US Physical Therapy as of Q4 2016.

Based on Spitfire Capital's 13F filing for Q4 2016, filed 14 Feb 2017.