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US Physical Therapy

130 hedge funds and large institutions have $539M invested in US Physical Therapy in 2015 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 42 increasing their positions, 54 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 10

14% more capital invested

Capital invested by funds: $472M → $539M (+$66.7M)

2% more funds holding

Funds holding: 128130 (+2)

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

0.21% less ownership

Funds ownership: 91.86%91.65% (-0.21%)

22% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 54

Holders
130
Holders Change
+2
Holders Change %
+1.56%
% of All Funds
3.46%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.08%
New
12
Increased
42
Reduced
54
Closed
10
Calls
$1K
Puts
Net Calls
+$1K
Net Calls Change
+$1K
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$48.8M +$4.03M +94,758 +10%
RA
2
Royce & Associates
New York
$43.7M -$7.56M -177,700 -16%
Renaissance Technologies
3
Renaissance Technologies
New York
$32.2M +$797K +18,753 +3%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$25.8M -$2.63M -61,915 -10%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$24.9M -$310K -7,294 -1%
EIP
6
Epoch Investment Partners
New York
$22.4M -$419K -9,850 -2%
Vanguard Group
7
Vanguard Group
Pennsylvania
$20.4M +$859K +20,197 +5%
BFA
8
BlackRock Fund Advisors
California
$19.2M +$2.73M +64,288 +19%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$17.9M +$1.18M +27,637 +8%
BIT
10
BlackRock Institutional Trust
California
$17.7M -$83K -1,953 -0.5%
SC
11
Spitfire Capital
California
$15.5M -$1.15M -27,011 -8%
Neuberger Berman Group
12
Neuberger Berman Group
New York
$14.9M +$13.3M +313,271 New
Bank of Montreal
13
Bank of Montreal
Ontario, Canada
$12.9M -$703K -16,536 -6%
State Street
14
State Street
Massachusetts
$11.4M -$183K -4,302 -2%
HW
15
Hancock Whitney
Mississippi
$11M -$851K -20,010 -8%
Deutsche Bank
16
Deutsche Bank
Germany
$10.8M -$1.67M -39,234 -15%
Schroder Investment Management Group
17
Schroder Investment Management Group
United Kingdom
$10.4M +$1.64M +38,500 +21%
PAIM
18
Punch & Associates Investment Management
Minnesota
$10.3M -$49K -1,153 -0.5%
RFC
19
Russell Frank Company
Washington
$9.81M +$507K +11,920 +6%
IIM
20
Ironwood Investment Management
Massachusetts
$9.24M -$628K -14,769 -7%
Northern Trust
21
Northern Trust
Illinois
$8.83M +$261K +6,134 +3%
Boston Partners
22
Boston Partners
Massachusetts
$8.77M -$760K -17,887 -9%
NAM
23
Netols Asset Management
Wisconsin
$8.32M -$211K -4,959 -3%
MCM
24
McKinley Capital Management
Alaska
$5.91M +$1.13M +26,527 +27%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$5.71M +$921K +21,658 +22%

USPH Hedge Fund Activity: Q1 2015 in Review

130 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in US Physical Therapy (USPH) for Q1 2015, worth a combined $539M — up 14% from $472M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new USPH positions and 10 closed out — a net gain of 2 holders — while 42 added to existing stakes and 54 trimmed.

The largest buyer was Neuberger Berman Group, opening a new position worth an estimated $13.3M. The largest seller was Royce & Associates, cutting an estimated $7.56M.

  • 130 institutional investors held US Physical Therapy (USPH) as of Q1 2015, up from 128 in Q4 2014.
  • Funds reported $539M of US Physical Therapy stock for Q1 2015, up 14% quarter-over-quarter.
  • 12 funds opened new US Physical Therapy positions in Q1 2015 and 10 closed out, a net change of +2 holders.
  • The largest US Physical Therapy buyer in Q1 2015 was Neuberger Berman Group, an estimated $13.3M added.
  • The largest US Physical Therapy seller in Q1 2015 was Royce & Associates, an estimated $7.56M sold.

Based on aggregated 13F filings for Q1 2015.