US Physical Therapy
USPH
196 hedge funds and large institutions have $923M invested in US Physical Therapy in 2020 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 74 increasing their positions, 69 reducing their positions, and 32 closing their positions.
3.76% more ownership
Funds ownership: 101.37% → 105.14% (+3.8%)
7% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 69
8% less funds holding
Funds holding: 213 → 196 (-17)
38% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 32
38% less capital invested
Capital invested by funds: $1.48B → $923M (-$557M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
83% less call options, than puts
Call options by funds: $1.15M | Put options by funds: $6.79M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$30.7M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$21.2M |
| 3 |
CCM
Copeland Capital Management
Conshohocken,
Pennsylvania
|
+$9.45M |
| 4 |
FAM
Fred Alger Management
New York
|
+$8.74M |
| 5 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$7.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$28.6M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
-$14.9M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$14.8M |
| 4 |
SCM
SG Capital Management
Chicago,
Illinois
|
-$11.6M |
| 5 |
Renaissance Technologies
New York
|
-$3.46M |
USPH Hedge Fund Activity: Q1 2020 in Review
196 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in US Physical Therapy (USPH) for Q1 2020, worth a combined $923M — down 38% from $1.48B a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of USPH and 20 opened new positions — a net loss of 12 holders — while 69 trimmed existing stakes and 74 added.
The largest buyer was Wasatch Advisors, opening a new position worth an estimated $30.7M. The largest seller was Neuberger Berman Group, cutting an estimated $28.6M.
- 196 institutional investors held US Physical Therapy (USPH) as of Q1 2020, down from 213 in Q4 2019.
- Funds reported $923M of US Physical Therapy stock for Q1 2020, down 38% quarter-over-quarter.
- 20 funds opened new US Physical Therapy positions in Q1 2020 and 32 closed out, a net change of -12 holders.
- The largest US Physical Therapy buyer in Q1 2020 was Wasatch Advisors, an estimated $30.7M added.
- The largest US Physical Therapy seller in Q1 2020 was Neuberger Berman Group, an estimated $28.6M sold.
Based on aggregated 13F filings for Q1 2020.