Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

U S Physical Therapy (USPH)

224 + Investors. Track Smart Money conviction in USPH. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
1Q ▲
Buyers last Q
53%

Smart Money Signals — USPH

Based on 226 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added USPH than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 90% of 3.0Y peak

90% of all-time peak
226 funds currently hold this stock — 90% of the 3.0-year high of 251 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 10% fewer funds vs a year ago

fund count last 6Q
25 fewer hedge funds hold USPH compared to a year ago (-10% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 53% buying

112 buying101 selling
Last quarter: 112 funds bought or added vs 101 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new USPH position: 24 → 39 → 19 → 27. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 16% medium ■ 14% new
158 out of 226 hedge funds have held USPH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

30 → 24 → 39 → 19 → 27 new funds/Q
New funds entering each quarter: 24 → 39 → 19 → 27. USPH is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 74% of holders stayed 2+ years

■ 74% veterans ■ 8% 1-2yr ■ 17% new
Of 229 current holders: 170 (74%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
44 of 226 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — USPH

In 2026 Q1, 112 hedge funds were net buyers of USPH (27 opened a new position, 85 added to an existing one), while 101 reduced or exited (75 trimmed, 26 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 38% of total institutional value in USPH is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 226.

Hedge Fund Ownership: USPH

How many hedge funds hold USPH — quarterly history vs. share price
Quarterly hedge fund ownership of USPH vs. share price

Market Analysis: USPH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: USPH

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy U S Physical Therapy (USPH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much USPH has moved relative to its sector benchmark (XLV) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 75d ago
USPH
-12.5%
XLV
+4.9%

USPH outperformed XLV by -17.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
USPH
+5.1%
XLV
+6.0%

Since the filing became public, USPH outperformed XLV by -0.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

22 top-rated funds 1 high-conviction
Consensus
5.9
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: USPH
224 + Investors

Track Smart Money conviction in USPH. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 224 225 -0.44%
13F Shares 16M 16M -0.75%
Total Value $1.16B $1.26B -7.5%
New Positions 25 19 +6
Increased Positions 83 77 +6
Closed Positions 26 36 -10
Reduced Positions 74 97 -23
Total Calls 2 3 -33.33%
Total Puts 1 3 -66.67%
PUT/CALL Ratio 0.5 1.0 Bullish

Statistics: USPH

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Institutional Holders (2026 Q1)

224 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in USPH. Verified SEC 13F-HR filings.

QUARTER:
Top 25 USPH holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Alpine Peaks Capital, LP 7.18% 95,024 $7.1M
2 Southernsun Asset Management, LLC 4.78% 439,904 $33.0M
3 Sovereign's Capital Management, LLC 2.49% 45,074 $3.4M
4 Copeland Capital Management, LLC 1.39% 836,831 $62.7M
5 Bridge City Capital, LLC 1.10% 53,161 $4.0M
6 Bard Associates Inc 0.81% 42,950 $3.2M
7 Martin Capital Advisors, LLP 0.60% 12,659 $949K
8 Bahl & Gaynor Inc 0.32% 845,388 $63.4M
9 RBF Capital, LLC 0.27% 69,999 $5.2M
10 Boston Trust Walden Corp 0.25% 400,109 $30.0M
11 Kayne Anderson Rudnick Investment Management LLC 0.23% 1,065,856 $79.9M
12 Hodges Capital Management Inc. 0.23% 37,446 $2.8M
13 Penn Davis Mcfarland Inc 0.22% 29,713 $2.2M
14 Chatham Capital Group, INC. 0.20% 18,374 $1.4M
15 Crawford Investment Counsel Inc 0.19% 151,877 $11.4M
16 CenterBook Partners LP 0.19% 46,334 $3.5M
17 Legacy Wealth Asset Management, LLC 0.16% 8,873 $665K
18 CWC Advisors, LLC. 0.16% 4,402 $330K
19 True North Advisors, LLC 0.12% 14,388 $1.1M
20 Kennedy Capital Management LLC 0.11% 67,947 $5.1M
21 William Blair Investment Management, LLC 0.09% 377,863 $28.3M
22 Rice Hall James & Associates, LLC 0.07% 17,905 $1.3M
23 Personal Cfo Solutions, LLC 0.07% 6,759 $509K
24 Dynamic Technology Lab Private Ltd 0.07% 5,470 $410K
25 Cambiar Investors LLC 0.06% 18,621 $1.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — U S Physical Therapy (USPH)

What does the Smart Money Trend signal show for USPH?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added USPH than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for USPH?

Slight buying edge — 53% buying: Last quarter: 112 funds bought or added vs 101 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for USPH holders?

Strong quality — 38% AUM from major funds: 44 of 226 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held USPH?

70% of holders stayed for 2+ years: 158 out of 226 hedge funds have held USPH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy U S Physical Therapy (USPH) following the 2026 Q1 hedge fund 13F filings?

As of today, USPH has moved +5.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLV sector ETF — an outperformance of -0.9%. Since the quarter end (March 31, 2026), USPH has gained -12.5% vs +4.9% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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