US Physical Therapy
USPH
228 hedge funds and large institutions have $1.25B invested in US Physical Therapy in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 74 increasing their positions, 102 reducing their positions, and 33 closing their positions.
1,563% more call options, than puts
Call options by funds: $15.6M | Put options by funds: $937K
0.12% less ownership
Funds ownership: 105.41% → 105.28% (-0.12%)
7% less funds holding
Funds holding: 246 → 228 (-18)
8% less capital invested
Capital invested by funds: $1.36B → $1.25B (-$110M)
27% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 102
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
45% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$21.3M |
| 2 |
BG
Bahl & Gaynor
Cincinnati,
Ohio
|
+$15.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$14.8M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$9.3M |
| 5 |
WP
Woodline Partners
San Francisco,
California
|
+$7.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
-$13.2M |
| 2 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$11.5M |
| 3 |
Morgan Stanley
New York
|
-$10.5M |
| 4 |
4A
4D Advisors
Redondo Beach,
California
|
-$9.34M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$5.41M |
USPH Hedge Fund Activity: Q4 2025 in Review
228 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in US Physical Therapy (USPH) for Q4 2025, worth a combined $1.25B — down 8.1% from $1.36B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of USPH and 18 opened new positions — a net loss of 15 holders — while 102 trimmed existing stakes and 74 added.
The largest buyer was Point72 Asset Management, adding an estimated $21.3M. The largest seller was Rockefeller Capital Management, cutting an estimated $13.2M.
- 228 institutional investors held US Physical Therapy (USPH) as of Q4 2025, down from 246 in Q3 2025.
- Funds reported $1.25B of US Physical Therapy stock for Q4 2025, down 8.1% quarter-over-quarter.
- 18 funds opened new US Physical Therapy positions in Q4 2025 and 33 closed out, a net change of -15 holders.
- The largest US Physical Therapy buyer in Q4 2025 was Point72 Asset Management, an estimated $21.3M added.
- The largest US Physical Therapy seller in Q4 2025 was Rockefeller Capital Management, an estimated $13.2M sold.
Based on aggregated 13F filings for Q4 2025.