US Physical Therapy
USPH
229 hedge funds and large institutions have $1.2B invested in US Physical Therapy in 2026 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 83 increasing their positions, 77 reducing their positions, and 21 closing their positions.
33% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 21
8% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 77
0.87% more ownership
Funds ownership: 105.28% → 106.16% (+0.87%)
0% more funds holding
Funds holding: 228 → 229 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less capital invested
Capital invested by funds: $1.25B → $1.2B (-$47.5M)
22% less call options, than puts
Call options by funds: $989K | Put options by funds: $1.27M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Bahl & Gaynor
Cincinnati,
Ohio
|
+$15.1M |
| 2 |
Two Sigma Investments
New York
|
+$6.35M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$5.74M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$5M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$4.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$12M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$11.8M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$8.83M |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
-$7.33M |
| 5 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$4.28M |
USPH Hedge Fund Activity: Q1 2026 in Review
229 of the 8,058 institutional investors tracked by Wall St. Rank reported a position in US Physical Therapy (USPH) for Q1 2026, worth a combined $1.2B — down 3.8% from $1.25B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new USPH positions and 21 closed out — a net gain of 7 holders — while 83 added to existing stakes and 77 trimmed.
The largest buyer was Bahl & Gaynor, adding an estimated $15.1M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $12M.
- 229 institutional investors held US Physical Therapy (USPH) as of Q1 2026, up from 228 in Q4 2025.
- Funds reported $1.2B of US Physical Therapy stock for Q1 2026, down 3.8% quarter-over-quarter.
- 28 funds opened new US Physical Therapy positions in Q1 2026 and 21 closed out, a net change of +7 holders.
- The largest US Physical Therapy buyer in Q1 2026 was Bahl & Gaynor, an estimated $15.1M added.
- The largest US Physical Therapy seller in Q1 2026 was Kayne Anderson Rudnick Investment Management, an estimated $12M sold.
Based on aggregated 13F filings for Q1 2026.