U S Physical Therapy Inc (USPH) shareholders
USPHNYSEServices-Health ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 8/3022% above fair value
$99.60+1.00 (+1.01%)
Close on Nov 13, 2026Market cap $1.49BP/E –Yield 1.81%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
16M of 15M shares
Institutional holders
217
29 new, 36 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
5 buys · 5 sales
Net sold $173.34K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 2,162,136 | 14.20% | 13G (passive) amendment | Jun 30, 2025 |
| Copeland Capital Management, LLC | 940,528 | 6.30% | 13G (passive) | Sep 30, 2026 |
| Kayne Anderson Rudnick Investment Management, LLC | 846,674 | 5.60% | 13G (passive) amendment | Jun 30, 2026 |
| Copeland Capital Management | 841,544 | 5.53% | 13G (passive) amendment | Jun 30, 2026 |
| T. Rowe Price Investment Management, Inc. | 761,260 | 5.10% | 13G (passive) | Feb 14, 2024 |
| Bahl & Gaynor Inc | 653,986 | 5.10% | 13G (passive) | Jan 15, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of USPH | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 2,264,202 | 15.17% | $155.51M | +55,691 | 0.00% |
| Bahl & Gaynor Inc | 861,574 | 5.77% | $59.17M | +16,186 | 0.27% |
| Kayne Anderson Rudnick Investment Management LLC | 846,674 | 5.67% | $58.15M | −219,182 | 0.18% |
| Copeland Capital Management, LLC | 841,544 | 5.64% | $57.80M | +4,713 | 1.19% |
| State Street Corp | 707,186 | 4.74% | $48.58M | +58,799 | 0.00% |
| Morgan Stanley | 698,690 | 4.68% | $47.99M | −303,778 | 0.00% |
| Vanguard Capital Management LLC | 674,195 | 4.52% | $46.30M | +10,133 | 0.00% |
| Neuberger Berman Group LLC | 598,894 | 4.01% | $41.13M | +589,645 | 0.03% |
| American Century Companies Inc | 558,818 | 3.74% | $38.38M | +222,371 | 0.02% |
| Southernsun Asset Management, LLC | 527,765 | 3.54% | $36.25M | +87,861 | 4.88% |
| Dimensional Fund Advisors LP | 513,913 | 3.44% | $35.30M | +6,519 | 0.01% |
| William Blair Investment Management, LLC | 436,996 | 2.93% | $30.01M | +59,133 | 0.09% |
| Schroder Investment Management Group | 433,745 | 2.91% | $29.85M | +177,230 | 0.02% |
| Geode Capital Management, LLC | 385,726 | 2.58% | $26.50M | +19,771 | 0.00% |
| Boston Trust Walden Corp | 381,125 | 2.55% | $26.18M | −18,984 | 0.20% |
| GW&K Investment Management, LLC | 359,176 | 2.41% | $24.67M | −9,502 | 0.19% |
| Vanguard Portfolio Management LLC | 329,161 | 2.21% | $22.61M | +16,852 | 0.00% |
| Bank Of America Corp /De/ | 282,192 | 1.89% | $19.38M | −272,429 | 0.00% |
| Northern Trust Corp | 230,937 | 1.55% | $15.86M | +20,009 | 0.00% |
| Envestnet Asset Management Inc | 204,339 | 1.37% | $14.03M | −68,770 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 217 | 16M | 100.0% | 29 / 70 | 88 / 36 | 2M | 2M |
| Q1 2026 | 229 | 16M | 100.0% | 28 / 82 | 79 / 22 | 2M | 1M |
| Q4 2025 | 228 | 16M | 100.0% | 18 / 76 | 101 / 33 | 1M | 1M |
| Q3 2025 | 246 | 16M | 100.0% | 37 / 87 | 86 / 29 | 2M | 1M |
| Q2 2025 | 240 | 16M | 100.0% | 25 / 100 | 77 / 36 | 2M | 1M |
| Q1 2025 | 253 | 15M | 100.0% | 27 / 82 | 112 / 25 | 1M | 1M |
| Q4 2024 | 255 | 16M | 100.0% | 29 / 104 | 78 / 29 | 1M | 1M |
| Q3 2024 | 257 | 16M | 100.0% | 34 / 100 | 82 / 18 | 3M | 1M |
| Q2 2024 | 243 | 15M | 100.0% | 32 / 90 | 83 / 22 | 1M | 4M |
| Q1 2024 | 235 | 18M | 100.0% | 37 / 82 | 78 / 14 | 2M | 0M |
| Q4 2023 | 212 | 17M | 100.0% | 23 / 75 | 75 / 26 | 2M | 1M |
| Q3 2023 | 217 | 15M | 100.0% | 29 / 75 | 81 / 24 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
254 funds held USPH in Q2 2026, 52% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of USPH | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 917,097 | 6.15% | $62.99M | 0.06% | Jun 30, 2026 |
| Bahl & Gaynor Small/Mid Cap Income Growth ETF | 581,135 | 3.89% | $39.91M | 2.74% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 484,591 | 3.25% | $33.28M | 0.00% | Jun 30, 2026 |
| Small Cap Growth Fund | 424,530 | 2.84% | $33.56M | 0.60% | Jul 31, 2026 |
| iShares Russell 2000 ETF | 396,021 | 2.65% | $27.20M | 0.03% | Jun 30, 2026 |
| Virtus KAR Small-Cap Growth Fund | 393,615 | 2.64% | $27.03M | 4.38% | Jun 30, 2026 |
| Fidelity Small Cap Value Fund | 331,622 | 2.22% | $26.22M | 0.48% | Jul 31, 2026 |
| Calvert Small Cap Fund | 296,159 | 1.98% | $20.34M | 1.59% | Jun 30, 2026 |
| SouthernSun Small Cap Fund | 177,081 | 1.19% | $12.16M | 4.74% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 174,374 | 1.17% | $11.98M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 166,149 | 1.11% | $13.14M | 0.04% | Jul 31, 2026 |
| William Blair Small Cap Growth Fund | 148,872 | 1.00% | $10.22M | 0.83% | Jun 30, 2026 |
| Select Health Care Services Portfolio | 142,708 | 0.96% | $9.17M | 1.14% | May 31, 2026 |
| Boston Trust Walden Small Cap Fund | 140,220 | 0.94% | $9.63M | 0.91% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 139,591 | 0.94% | $9.59M | 0.06% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Christopher J. Reading | Chairman of the Board and CEO, Director | 139,088 | 0.93% | Feb 25, 2026 |
| Nchacha Etta | EVP & Chief Financial Officer | 6,831 | 0.05% | Sep 15, 2026 |
| Richard Binstein | EVP Gen'l Counsel & Secretary | 24,417 | 0.16% | Aug 24, 2026 |
| Graham D. Reeve | COO | 28,554 | 0.19% | Aug 24, 2026 |
| Eric Joseph Williams | President and COO | 39,617 | 0.27% | Aug 24, 2026 |
| Jason Travis Curtis | Interim CFO | 3,853 | 0.03% | Aug 24, 2026 |
| Carey P. Hendrickson | Chief Financial Officer | 27,808 | 0.19% | Mar 10, 2026 |
| Myra Davis | Director | 1,210 | 0.01% | Oct 2, 2026 |
| Peter Francis Minan | Director | 3,217 | 0.02% | Sep 14, 2026 |
| Bernard A. Harris Jr | Director | 20,914 | 0.14% | May 28, 2026 |
| Anne Motsenbocker | Director | 9,812 | 0.07% | May 28, 2026 |
| Regg E. Swanson | Director | 23,088 | 0.15% | May 28, 2026 |
| Kathleen A. Gilmartin | Director | 27,092 | 0.18% | May 28, 2026 |
| Nancy Ham | Director | 1,994 | 0.01% | Sep 11, 2025 |
| Michael Glasser Mayrsohn | Director | 18,358 | 0.12% | May 21, 2025 |
| Clayton Trier | Director | 8,306 | 0.06% | May 21, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Myra Davis Director | Oct 1, 2026 | Award | +1,210 | – | – | 1,210 |
| Nchacha Etta EVP & Chief Financial Officer | Sep 14, 2026 | Award | +6,831 | – | – | 6,831 |
| Peter Francis Minan Director | Sep 11, 2026 | Buy | +5.27 | $79.00 | $416 | 3,217 |
| Graham D. Reeve COO | Aug 20, 2026 | Tax withholding | −762 | $78.00 | $59.44K | 28,554 |
| Richard Binstein EVP Gen'l Counsel & Secretary | Aug 20, 2026 | Tax withholding | −450 | $78.00 | $35.10K | 24,417 |
| Jason Travis Curtis Interim CFO | Aug 20, 2026 | Tax withholding | −40 | $78.00 | $3.12K | 3,853 |
| Eric Joseph Williams President and COO | Aug 20, 2026 | Tax withholding | −714 | $78.00 | $55.69K | 39,617 |
| Peter Francis Minan Director | Jun 12, 2026 | Buy | +0.87 | $66.50 | $58 | 3,212 |
| Peter Francis Minan Director | Jun 9, 2026 | Buy | +288 | $61.50 | $17.71K | 3,211 |
| Peter Francis Minan Director | Jun 8, 2026 | Buy | +492 | $63.14 | $31.06K | 2,923 |
| Jason Travis Curtis Interim CFO | May 20, 2026 | Tax withholding | −40 | $62.24 | $2.49K | 3,893 |
| Graham D. Reeve COO | May 20, 2026 | Tax withholding | −762 | $62.24 | $47.43K | 29,316 |
| Kathleen A. Gilmartin Director | May 19, 2026 | Award | +2,306 | – | – | 27,092 |
| Peter Francis Minan Director | May 19, 2026 | Award | +2,306 | – | – | 2,431 |
| Anne Motsenbocker Director | May 19, 2026 | Award | +2,306 | – | – | 9,812 |
| Regg E. Swanson Director | May 19, 2026 | Award | +2,306 | – | – | 15,492 |
| Bernard A. Harris Jr Director | May 19, 2026 | Award | +2,306 | – | – | 20,914 |
| Bernard A. Harris Jr Director | May 19, 2026 | Award | +2,306 | $61.61 | $142.07K | 20,914 |
| Anne Motsenbocker Director | May 19, 2026 | Award | +2,306 | $61.61 | $142.07K | 9,812 |
| Peter Francis Minan Director | May 19, 2026 | Award | +2,306 | $61.61 | $142.07K | 2,431 |
| Kathleen A. Gilmartin Director | May 19, 2026 | Award | +2,306 | $61.61 | $142.07K | 27,092 |
| Regg E. Swanson Director | May 19, 2026 | Award | +2,306 | $61.61 | $142.07K | 15,492 |
| Graham D. Reeve COO | Mar 11, 2026 | Sale | −662 | $78.86 | $52.21K | 30,078 |
| Graham D. Reeve COO | Mar 9, 2026 | Sale | −1 | $78.52 | $79 | 0 |
| Carey P. Hendrickson Chief Financial Officer | Mar 9, 2026 | Returned to company | −10,000 | – | – | 27,808 |
| Graham D. Reeve COO | Mar 6, 2026 | Sale | −1,807 | $82.25 | $148.63K | 1 |
| Richard Binstein EVP Gen'l Counsel & Secretary | Mar 6, 2026 | Sale | −3,000 | $81.64 | $244.92K | 24,867 |
| Eric Joseph Williams President and COO | Feb 23, 2026 | Award | +15,000 | – | – | 40,331 |
| Christopher J. Reading Chairman of the Board and CEO, Director | Feb 23, 2026 | Award | +25,000 | – | – | 139,088 |
| Carey P. Hendrickson Chief Financial Officer | Feb 23, 2026 | Award | +10,000 | – | – | 37,808 |
| Richard Binstein EVP Gen'l Counsel & Secretary | Feb 23, 2026 | Award | +10,000 | – | – | 27,867 |
| Graham D. Reeve COO | Feb 23, 2026 | Award | +10,000 | – | – | 30,740 |
| Graham D. Reeve COO | Nov 24, 2025 | Sale | −743 | $71.01 | $52.76K | 20,740 |
| Kathleen A. Gilmartin Director | Nov 20, 2025 | Buy | +4,000 | $69.00 | $276.00K | 24,786 |
| Nancy Ham Director | Sep 11, 2025 | Sale | −600 | $81.71 | $49.03K | 1,994 |
| Eric Joseph Williams President and COO | Sep 5, 2025 | Sale | −1,000 | $85.25 | $85.25K | 25,331 |
| Christopher J. Reading Chairman of the Board and CEO, Director | Sep 4, 2025 | Sale | −2,000 | $83.53 | $167.06K | 114,088 |
| Carey P. Hendrickson Chief Financial Officer | Aug 25, 2025 | Sale | −698 | $86.11 | $60.10K | 27,808 |
| Graham D. Reeve COO | Aug 21, 2025 | Sale | −763 | $84.97 | $64.83K | 21,483 |
| Richard Binstein EVP Gen'l Counsel & Secretary | Aug 19, 2025 | Returned to company | −2,000 | $84.79 | $169.58K | 17,867 |
| Graham D. Reeve COO | Aug 11, 2025 | Sale | −1,792 | $86.57 | $155.13K | 22,246 |
| Nancy Ham Director | Jun 12, 2025 | Sale | −400 | $78.01 | $31.20K | 2,594 |
| Graham D. Reeve COO | May 21, 2025 | Sale | −530 | $78.08 | $41.38K | 17,244 |
| Eric Joseph Williams President and COO | May 21, 2025 | Sale | −633 | $78.09 | $49.43K | 26,331 |
| Regg E. Swanson Director | May 20, 2025 | Award | +1,882 | – | – | 13,186 |
| Anne Motsenbocker Director | May 20, 2025 | Award | +1,882 | – | – | 7,506 |
| Kathleen A. Gilmartin Director | May 20, 2025 | Award | +1,882 | – | – | 20,786 |
| Nancy Ham Director | May 20, 2025 | Award | +1,882 | – | – | 2,994 |
| Clayton Trier Director | May 20, 2025 | Award | +1,882 | – | – | 8,306 |
| Bernard A. Harris Jr Director | May 20, 2025 | Award | +1,882 | – | – | 18,608 |
| Carey P. Hendrickson Chief Financial Officer | Mar 11, 2025 | Gift | −63 | – | – | 28,506 |
| Graham D. Reeve COO | Mar 7, 2025 | Sale | −1,730 | $82.11 | $142.05K | 7,168 |
| Christopher J. Reading Chairman of the Board and CEO, Director | Feb 24, 2025 | Award | +20,250 | – | – | 116,088 |
| Graham D. Reeve COO | Feb 24, 2025 | Award | +8,100 | – | – | 19,192 |
| Eric Joseph Williams President and COO | Feb 24, 2025 | Award | +12,150 | – | – | 26,964 |
| Carey P. Hendrickson Chief Financial Officer | Feb 24, 2025 | Award | +8,100 | – | – | 28,569 |
| Richard Binstein EVP Gen'l Counsel & Secretary | Feb 24, 2025 | Award | +8,100 | – | – | 19,867 |
| Carey P. Hendrickson Chief Financial Officer | Dec 9, 2024 | Sale | −516 | $96.25 | $49.67K | 20,469 |
| Richard Binstein EVP Gen'l Counsel & Secretary | Nov 25, 2024 | Returned to company | −1,128 | $98.52 | $111.13K | 11,767 |
| Bernard A. Harris Jr Director | Nov 12, 2024 | Sale | −2,000 | $92.95 | $185.90K | 16,726 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
7.77%
1M shares short
Days to cover
7.7
At 0M shares a day
Change since last report
-5.5%
From 1M shares
Short volume, 20 days
63.1%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of U S Physical Therapy's stock actually held short. Settlement fails (shares not delivered on time) peaked at 3,181 shares on Aug 17, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Graham D. Reeve affiliate | Mar 11, 2026 | 1,964 | $154.69K | Mar 11, 2026 | Vesting of Restricted Stock Grants |
| Richard Binstein Affilitate | Mar 6, 2026 | 3,000 | $244.91K | Mar 6, 2026 | Vesting of restricted stock grants - Grants issued through 8/20/25 |
| Graham D. Reeve COO | Mar 6, 2026 | 1,808 | $148.69K | Mar 6, 2026 | Compensation |
| Graham D. Reeve Affiliate | Nov 24, 2025 | 743 | $52.76K | Nov 21, 2025 | Vesting of Restricted Stock Grants - Grants issued from 08/16/2021 through 02/24/2025) |
| Nancy Ham Affiliate | Sep 11, 2025 | 600 | $49.03K | Sep 11, 2025 | Vesting of Restricted Stock Grants - Grants issued from 05/16/2023 through 05/20/2025) |
| Eric Joseph Williams Officer | Sep 5, 2025 | 1,000 | $85.25K | Sep 5, 2025 | Shares obtained through Employee Stock Purchase Plan |
| Chris Reading Director, Officer | Sep 4, 2025 | 2,000 | $165.13K | Sep 4, 2025 | Rest Stock Grants |
| Carey P. Hendrickson Affiliate | Aug 25, 2025 | 700 | $60.12K | Aug 25, 2025 | Employee Compensation |
| Graham D. Reeve Affiliate | Aug 21, 2025 | 763 | $64.83K | Aug 21, 2025 | Vesting of Restricted STock Grants - Grants issued from 08/16/2021 - 02/24/2025) |
| Richard Binstein Affiliate | Aug 19, 2025 | 2,000 | $169.57K | Aug 19, 2025 | Vesting of Restricted stock Grants issued from 8/16/2021 through 2/24/2025 |
| Graham D. Reeve Affiliate | Aug 11, 2025 | 1,792 | $155.12K | Aug 11, 2025 | Vesting of Restricted STock Grants - Grants issued from 08/16/2021 - 02/24/2025) |
| Nancy Ham Director | Jun 12, 2025 | 400 | $31.43K | Jun 12, 2025 | Stock Award |
| Eric Joseph Williams affiliate | May 21, 2025 | 633 | $49.43K | May 21, 2025 | Vesting of Restricted stock Grants issued from 08/16/21- 02/24/25 |
| Graham D. Reeve affiliate | May 21, 2025 | 530 | $41.39K | May 21, 2025 | Vesting of Restricted stock Grants issued from 08/16/21- 02/24/25 |
| Graham D. Reeve COO | Mar 7, 2025 | 1,730 | $142.05K | Mar 7, 2025 | Compensation |
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