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US Physical Therapy

150 hedge funds and large institutions have $572M invested in US Physical Therapy in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 54 increasing their positions, 52 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 8

7% more funds holding

Funds holding: 140150 (+10)

4% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 52

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

4.65% less ownership

Funds ownership: 99.05%94.39% (-4.7%)

13% less capital invested

Capital invested by funds: $659M → $572M (-$88M)

Holders
150
Holders Change
+10
Holders Change %
+7.14%
% of All Funds
4%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.08%
New
18
Increased
54
Reduced
52
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$44.3M +$51.7K +1,040 +0.1%
BFA
2
BlackRock Fund Advisors
California
$43M -$540K -10,868 -1%
Neuberger Berman Group
3
Neuberger Berman Group
New York
$37.8M +$5.67M +114,150 +18%
EIP
4
Epoch Investment Partners
New York
$33.3M +$2.12M +42,664 +7%
Renaissance Technologies
5
Renaissance Technologies
New York
$31.7M -$2.64M -53,100 -8%
Vanguard Group
6
Vanguard Group
Pennsylvania
$27.8M +$906K +18,231 +3%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$23.1M +$1.08M +21,785 +5%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$23.1M -$6.42M -129,117 -22%
BTW
9
Boston Trust Walden
Massachusetts
$17.2M -$117K -2,358 -0.7%
BIT
10
BlackRock Institutional Trust
California
$16.7M +$179K +3,592 +1%
Wellington Management Group
11
Wellington Management Group
Massachusetts
$16.4M -$3.23M -64,961 -16%
RA
12
Royce & Associates
New York
$16M -$14.7M -295,339 -48%
State Street
13
State Street
Massachusetts
$14.4M -$599K -12,045 -4%
T. Rowe Price Associates
14
T. Rowe Price Associates
Maryland
$13.4M +$502K +10,100 +4%
Bank of Montreal
15
Bank of Montreal
Ontario, Canada
$12M -$1.01M -20,245 -8%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$11.3M +$2.16M +43,371 +24%
SC
17
Spitfire Capital
California
$11.1M -$532K -10,698 -5%
TAM
18
THB Asset Management
Connecticut
$10.5M +$196K +3,938 +2%
AAM
19
Aberdeen Asset Management
United Kingdom
$9.68M +$2.08M +41,869 +27%
Northern Trust
20
Northern Trust
Illinois
$9.48M +$31.6K +636 +0.3%
RFC
21
Russell Frank Company
Washington
$8.02M -$4M -80,394 -33%
Boston Partners
22
Boston Partners
Massachusetts
$7.72M -$1.89M -38,033 -20%
PAIM
23
Punch & Associates Investment Management
Minnesota
$6.41M -$39.3K -791 -0.6%
NAM
24
Netols Asset Management
Wisconsin
$5.93M -$1.76M -35,408 -23%
Deutsche Bank
25
Deutsche Bank
Germany
$4.94M -$769K -15,478 -13%

USPH Hedge Fund Activity: Q1 2016 in Review

150 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in US Physical Therapy (USPH) for Q1 2016, worth a combined $572M — down 13% from $659M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new USPH positions and 8 closed out — a net gain of 10 holders — while 54 added to existing stakes and 52 trimmed.

The largest buyer was Neuberger Berman Group, adding an estimated $5.67M. The largest seller was Royce & Associates, cutting an estimated $14.7M.

  • 150 institutional investors held US Physical Therapy (USPH) as of Q1 2016, up from 140 in Q4 2015.
  • Funds reported $572M of US Physical Therapy stock for Q1 2016, down 13% quarter-over-quarter.
  • 18 funds opened new US Physical Therapy positions in Q1 2016 and 8 closed out, a net change of +10 holders.
  • The largest US Physical Therapy buyer in Q1 2016 was Neuberger Berman Group, an estimated $5.67M added.
  • The largest US Physical Therapy seller in Q1 2016 was Royce & Associates, an estimated $14.7M sold.

Based on aggregated 13F filings for Q1 2016.