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US Physical Therapy

240 hedge funds and large institutions have $1.22B invested in US Physical Therapy in 2025 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 101 increasing their positions, 76 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 76

10% more capital invested

Capital invested by funds: $1.11B → $1.22B (+$113M)

2.03% more ownership

Funds ownership: 100.63%102.66% (+2%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

5% less funds holding

Funds holding: 253240 (-13)

31% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 36

Holders
240
Holders Change
-13
Holders Change %
-5.14%
% of All Funds
3.16%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
25
Increased
101
Reduced
76
Closed
36
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Goldman Sachs
51
Goldman Sachs
New York
$3.21M -$1.72M -23,372 -36%
RHJA
52
Rice Hall James & Associates
California
$2.51M -$198K -2,691 -8%
Barclays
53
Barclays
United Kingdom
$2.42M +$787K +10,677 +53%
PDM
54
Penn Davis McFarland
Texas
$2.35M
Swiss National Bank
55
Swiss National Bank
Switzerland
$2.27M -$22.1K -300 -1%
Neuberger Berman Group
56
Neuberger Berman Group
New York
$2.25M +$667K +9,045 +46%
Marshall Wace
57
Marshall Wace
United Kingdom
$2.22M -$930K -12,612 -31%
Raymond James Financial
58
Raymond James Financial
Florida
$2.19M +$244K +3,308 +13%
DFCM
59
Dark Forest Capital Management
Puerto Rico
$2.07M +$3.61K +49 +0.2%
State of New Jersey Common Pension Fund D
60
State of New Jersey Common Pension Fund D
New Jersey
$1.95M +$183K +2,485 +11%
Daiwa Securities Group
61
Daiwa Securities Group
Japan
$1.9M +$601K +8,158 +51%
OAM
62
Oppenheimer Asset Management
New York
$1.75M -$240K -3,256 -13%
MML Investors Services
63
MML Investors Services
Massachusetts
$1.74M +$111K +1,502 +7%
Natixis Advisors
64
Natixis Advisors
Massachusetts
$1.74M +$335K +4,540 +26%
HCA
65
Harbor Capital Advisors
Illinois
$1.73M +$376K +5,101 +30%
JIC
66
Johnson Investment Counsel
Ohio
$1.67M -$24.5K -333 -2%
SPS
67
Susquehanna Portfolio Strategies
Pennsylvania
$1.66M +$1.57M +21,241 New
CI
68
Cambiar Investors
Colorado
$1.6M -$885 -12 -0.1%
Susquehanna International Group
69
Susquehanna International Group
Pennsylvania
$1.56M -$60.1K -815 -4%
CCG
70
Chatham Capital Group
Georgia
$1.54M -$8.11K -110 -0.6%
CAPTRUST Financial Advisors
71
CAPTRUST Financial Advisors
North Carolina
$1.52M +$47.7K +647 +3%
Tudor Investment Corp
72
Tudor Investment Corp
Connecticut
$1.44M -$1.15M -15,636 -46%
Truist Financial
73
Truist Financial
North Carolina
$1.41M -$49.8K -675 -4%
Prudential Financial
74
Prudential Financial
New Jersey
$1.39M +$49.4K +670 +4%
AllianceBernstein
75
AllianceBernstein
Tennessee
$1.39M

USPH Hedge Fund Activity: Q2 2025 in Review

240 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in US Physical Therapy (USPH) for Q2 2025, worth a combined $1.22B — up 10% from $1.11B a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of USPH and 25 opened new positions — a net loss of 11 holders — while 76 trimmed existing stakes and 101 added.

The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $38.3M. The largest seller was Riverbridge Partners, exiting entirely with an estimated $20.5M sold.

  • 240 institutional investors held US Physical Therapy (USPH) as of Q2 2025, down from 253 in Q1 2025.
  • Funds reported $1.22B of US Physical Therapy stock for Q2 2025, up 10% quarter-over-quarter.
  • 25 funds opened new US Physical Therapy positions in Q2 2025 and 36 closed out, a net change of -11 holders.
  • The largest US Physical Therapy buyer in Q2 2025 was Kayne Anderson Rudnick Investment Management, an estimated $38.3M added.
  • The largest US Physical Therapy seller in Q2 2025 was Riverbridge Partners, an estimated $20.5M sold.

Based on aggregated 13F filings for Q2 2025.