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US Physical Therapy

128 hedge funds and large institutions have $472M invested in US Physical Therapy in 2014 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 39 increasing their positions, 49 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 4

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

18% more capital invested

Capital invested by funds: $401M → $472M (+$71.7M)

10% more funds holding

Funds holding: 116128 (+12)

0.85% less ownership

Funds ownership: 92.71%91.86% (-0.85%)

20% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 49

Holders
128
Holders Change
+12
Holders Change %
+10.34%
% of All Funds
3.41%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.08%
New
18
Increased
39
Reduced
49
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RA
1
Royce & Associates
New York
$46.1M -$6.57M -167,039 -13%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$39.1M +$5.95M +151,250 +19%
Renaissance Technologies
3
Renaissance Technologies
New York
$27.7M +$1.19M +30,200 +5%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$25.4M -$8.92M -226,675 -27%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$22.3M +$2.86M +72,660 +16%
EIP
6
Epoch Investment Partners
New York
$20.2M -$1.56M -39,593 -8%
Vanguard Group
7
Vanguard Group
Pennsylvania
$17.2M +$109K +2,773 +0.7%
BIT
8
BlackRock Institutional Trust
California
$15.7M -$60.6K -1,539 -0.4%
SC
9
Spitfire Capital
California
$14.9M -$3.2M -81,370 -19%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$14.7M +$680K +17,288 +5%
BFA
11
BlackRock Fund Advisors
California
$14.3M +$1.98M +50,258 +17%
Bank of Montreal
12
Bank of Montreal
Ontario, Canada
$12.1M +$3.19M +80,956 +39%
Deutsche Bank
13
Deutsche Bank
Germany
$11.2M -$47.9K -1,218 -0.5%
HW
14
Hancock Whitney
Mississippi
$10.5M -$53.1K -1,350 -0.5%
State Street
15
State Street
Massachusetts
$10.3M +$146K +3,718 +2%
PAIM
16
Punch & Associates Investment Management
Minnesota
$9.14M -$1.05M -26,731 -11%
IIM
17
Ironwood Investment Management
Massachusetts
$8.79M -$411K -10,456 -5%
Boston Partners
18
Boston Partners
Massachusetts
$8.5M -$89.1K -2,265 -1%
RFC
19
Russell Frank Company
Washington
$8.13M -$190K -4,825 -2%
Schroder Investment Management Group
20
Schroder Investment Management Group
United Kingdom
$7.56M +$2.66M +67,700 +60%
NAM
21
Netols Asset Management
Wisconsin
$7.56M -$765K -19,452 -10%
Northern Trust
22
Northern Trust
Illinois
$7.55M -$175K -4,458 -2%
AIS
23
AlphaOne Investment Services
Pennsylvania
$5.02M -$2.32M -58,952 -33%
MSA
24
Mason Street Advisors
Wisconsin
$4.44M -$339K -8,620 -8%
KCM
25
Kennedy Capital Management
Missouri
$4.16M +$381K +9,677 +11%

USPH Hedge Fund Activity: Q4 2014 in Review

128 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in US Physical Therapy (USPH) for Q4 2014, worth a combined $472M — up 18% from $401M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new USPH positions and 4 closed out — a net gain of 14 holders — while 39 added to existing stakes and 49 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $5.95M. The largest seller was Fidelity Investments, cutting an estimated $8.92M.

  • 128 institutional investors held US Physical Therapy (USPH) as of Q4 2014, up from 116 in Q3 2014.
  • Funds reported $472M of US Physical Therapy stock for Q4 2014, up 18% quarter-over-quarter.
  • 18 funds opened new US Physical Therapy positions in Q4 2014 and 4 closed out, a net change of +14 holders.
  • The largest US Physical Therapy buyer in Q4 2014 was Royal Bank of Canada, an estimated $5.95M added.
  • The largest US Physical Therapy seller in Q4 2014 was Fidelity Investments, an estimated $8.92M sold.

Based on aggregated 13F filings for Q4 2014.