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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
WSFS
76
Wilmington Savings Fund Society
Delaware
$1.36M -$24.5K -333 -2%
SDIC
77
South Dakota Investment Council
South Dakota
$1.34M
New York State Common Retirement Fund
78
New York State Common Retirement Fund
New York
$1.32M
LFAS
79
Level Four Advisory Services
Texas
$1.22M +$137K +1,853 +14%
CCA
80
Conestoga Capital Advisors
Pennsylvania
$1.17M
QEI
81
QSV Equity Investors
Illinois
$1.16M -$9.07K -123 -0.8%
IQI
82
Integrated Quantitative Investments
Washington
$1.11M +$1.05M +14,251 New
California State Teachers Retirement System (CalSTRS)
83
California State Teachers Retirement System (CalSTRS)
California
$1.09M -$11.4K -155 -1%
Citigroup
84
Citigroup
New York
$1.04M -$581K -7,877 -37%
MCA
85
Martin Capital Advisors
Texas
$1.01M
AAM
86
Azzad Asset Management
Virginia
$1,000K -$7.22K -98 -0.8%
Canada Life
87
Canada Life
Manitoba, Canada
$984K -$57.2K -776 -6%
LPL Financial
88
LPL Financial
California
$983K +$290K +3,930 +45%
M&T Bank
89
M&T Bank
New York
$975K +$334K +4,530 +57%
LCM
90
Legato Capital Management
California
$924K
TNA
91
True North Advisors
Texas
$908K +$126K +1,714 +17%
T. Rowe Price Associates
92
T. Rowe Price Associates
Maryland
$879K +$69.4K +941 +9%
Thrivent Financial for Lutherans
93
Thrivent Financial for Lutherans
Minnesota
$874K +$6.12K +83 +0.7%
Victory Capital Management
94
Victory Capital Management
Texas
$866K -$596K -8,086 -42%
First Trust Advisors
95
First Trust Advisors
Illinois
$839K +$28.4K +385 +4%
Osaic Holdings
96
Osaic Holdings
Arizona
$817K +$12.2K +166 +2%
Canada Pension Plan Investment Board
97
Canada Pension Plan Investment Board
Ontario, Canada
$805K -$22.1K -300 -3%
Creative Planning
98
Creative Planning
Kansas
$799K +$403K +5,462 +115%
BBHC
99
Brown Brothers Harriman & Co
New York
$773K
Deutsche Bank
100
Deutsche Bank
Germany
$770K -$153K -2,079 -17%

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.