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US Physical Therapy

116 hedge funds and large institutions have $401M invested in US Physical Therapy in 2014 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 33 increasing their positions, 44 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

6% more funds holding

Funds holding: 109116 (+7)

5% more capital invested

Capital invested by funds: $380M → $401M (+$20.8M)

1.74% more ownership

Funds ownership: 90.97%92.71% (+1.7%)

25% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 44

Holders
116
Holders Change
+7
Holders Change %
+6.42%
% of All Funds
3.37%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
15
Increased
33
Reduced
44
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RA
1
Royce & Associates
New York
$44.8M -$6.74M -190,719 -13%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$29.5M +$2.2M +62,295 +8%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$27.6M +$1.49M +42,088 +6%
Renaissance Technologies
4
Renaissance Technologies
New York
$22.3M -$223K -6,300 -1%
EIP
5
Epoch Investment Partners
New York
$18.5M -$919K -26,005 -5%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$16.3M +$1.62M +45,810 +11%
SC
7
Spitfire Capital
California
$15.4M -$334K -9,459 -2%
Vanguard Group
8
Vanguard Group
Pennsylvania
$14.4M -$11.9K -337 -0.1%
BIT
9
BlackRock Institutional Trust
California
$13.3M -$224K -6,325 -2%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$11.8M +$180K +5,091 +2%
BFA
11
BlackRock Fund Advisors
California
$10.3M -$411K -11,613 -4%
Deutsche Bank
12
Deutsche Bank
Germany
$9.51M +$6.01K +170 +0.1%
HW
13
Hancock Whitney
Mississippi
$8.92M
PAIM
14
Punch & Associates Investment Management
Minnesota
$8.65M +$232K +6,564 +3%
State Street
15
State Street
Massachusetts
$8.53M +$39.1K +1,105 +0.5%
IIM
16
Ironwood Investment Management
Massachusetts
$7.78M -$512K -14,489 -6%
Bank of Montreal
17
Bank of Montreal
Ontario, Canada
$7.33M +$4.09M +115,782 +127%
Boston Partners
18
Boston Partners
Massachusetts
$7.25M -$2.45M -69,335 -25%
NAM
19
Netols Asset Management
Wisconsin
$7.06M -$723K -20,446 -9%
RFC
20
Russell Frank Company
Washington
$7.06M -$178K -5,045 -2%
Northern Trust
21
Northern Trust
Illinois
$6.52M -$115K -3,240 -2%
AIS
22
AlphaOne Investment Services
Pennsylvania
$6.32M +$1.17M +32,970 +23%
DIA
23
Davidson Investment Advisors
Montana
$5.7M +$3.31M +93,500 +117%
MSA
24
Mason Street Advisors
Wisconsin
$4.05M
Schroder Investment Management Group
25
Schroder Investment Management Group
United Kingdom
$3.98M -$88.4K -2,500 -2%

USPH Hedge Fund Activity: Q3 2014 in Review

116 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in US Physical Therapy (USPH) for Q3 2014, worth a combined $401M — up 5.5% from $380M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new USPH positions and 7 closed out — a net gain of 8 holders — while 33 added to existing stakes and 44 trimmed.

The largest buyer was Bank of Montreal, adding an estimated $4.09M. The largest seller was Royce & Associates, cutting an estimated $6.74M.

  • 116 institutional investors held US Physical Therapy (USPH) as of Q3 2014, up from 109 in Q2 2014.
  • Funds reported $401M of US Physical Therapy stock for Q3 2014, up 5.5% quarter-over-quarter.
  • 15 funds opened new US Physical Therapy positions in Q3 2014 and 7 closed out, a net change of +8 holders.
  • The largest US Physical Therapy buyer in Q3 2014 was Bank of Montreal, an estimated $4.09M added.
  • The largest US Physical Therapy seller in Q3 2014 was Royce & Associates, an estimated $6.74M sold.

Based on aggregated 13F filings for Q3 2014.