US Physical Therapy
USPH
217 hedge funds and large institutions have $1.11B invested in US Physical Therapy in 2026 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 70 increasing their positions, 88 reducing their positions, and 36 closing their positions.
0.27% more ownership
Funds ownership: 106.16% → 106.43% (+0.27%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 229 → 217 (-12)
8% less capital invested
Capital invested by funds: $1.2B → $1.11B (-$91.1M)
19% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 36
20% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 88
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1.44M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$40.1M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$15.1M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
+$12M |
| 4 |
SAM
Southernsun Asset Management
Memphis,
Tennessee
|
+$5.97M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$4.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$20.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$18.5M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$14.9M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$14.1M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$4.67M |
USPH Hedge Fund Activity: Q2 2026 in Review
217 institutional investors reported a position in US Physical Therapy (USPH) for Q2 2026, worth a combined $1.11B — down 7.6% from $1.2B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of USPH and 29 opened new positions — a net loss of 7 holders — while 88 trimmed existing stakes and 70 added.
The largest buyer was Neuberger Berman Group, adding an estimated $40.1M. The largest seller was Morgan Stanley, cutting an estimated $20.6M.
- 217 institutional investors held US Physical Therapy (USPH) as of Q2 2026, down from 229 in Q1 2026.
- Funds reported $1.11B of US Physical Therapy stock for Q2 2026, down 7.6% quarter-over-quarter.
- 29 funds opened new US Physical Therapy positions in Q2 2026 and 36 closed out, a net change of -7 holders.
- The largest US Physical Therapy buyer in Q2 2026 was Neuberger Berman Group, an estimated $40.1M added.
- The largest US Physical Therapy seller in Q2 2026 was Morgan Stanley, an estimated $20.6M sold.
Based on aggregated 13F filings for Q2 2026.