U.S. Physical Therapy, Inc.
US ˙ NYSE ˙ US90337L1089

SecurityUSPH / U.S. Physical Therapy, Inc.
InstitutionHowe & Rusling Inc
Latest Disclosed Ownership4,452 shares
Latest Disclosed Value $ 333,722
Howe & Rusling Inc reports 8.47% decrease in ownership of USPH / U.S. Physical Therapy, Inc.

On April 28, 2026 - Howe & Rusling Inc filed a 13F-HR form disclosing ownership of 4,452 shares of U.S. Physical Therapy, Inc. (US:USPH) valued at $333,722 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 14, 2026 disclosing 4,864 shares of U.S. Physical Therapy, Inc.. This represents a change in shares of -8.47% during the quarter. The current value of the position is $275,445 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-28 2026-03-31 13F U S PHYSICAL THERAPY COM 90337L108 4,452 -412 -8.47 334 -12.14 0.0218
2026-02-14 2025-12-31 13F U S PHYSICAL THERAPY COM 90337L108 4,864 0 0.00 380 -8.23 0.0251
2025-11-05 2025-09-30 13F U S PHYSICAL THERAPY COM 90337L108 4,864 0 0.00 413 8.68 0.0283
2025-08-12 2025-06-30 13F U S PHYSICAL THERAPY COM 90337L108 4,864 0 0.00 380 8.26 0.0281
2025-06-17 2025-03-31 13F U S PHYSICAL THERAPY COM 90337L108 4,864 0 0.00 352 -18.56 0.0296
2025-02-12 2024-12-31 13F U S PHYSICAL THERAPY COM 90337L108 4,864 0 0.00 431 4.87 0.0372
2024-11-08 2024-09-30 13F U S PHYSICAL THERAPY COM 90337L108 4,864 893 22.49 412 11.99 0.0354
2024-08-14 2024-06-30 13F U S PHYSICAL THERAPY COM 90337L108 3,971 337 9.27 367 -10.49 0.0335
2024-05-15 2024-03-31 13F U S PHYSICAL THERAPY COM 90337L108 3,634 0 0.00 410 21.30 0.0393
2024-02-06 2023-12-31 13F U S PHYSICAL THERAPY COM 90337L108 3,634 434 13.56 338 15.36 0.0359
2023-11-09 2023-09-30 13F U S PHYSICAL THERAPY COM 90337L108 3,200 0 0.00 294 -24.48 0.0346
2023-08-14 2023-06-30 13F U S PHYSICAL THERAPY COM 90337L108 3,200 877 37.75 388 70.93 0.0435
2023-05-15 2023-03-31 13F U S PHYSICAL THERAPY COM 90337L108 2,323 2,323 227 0.0271
2023-02-15 2022-12-31 13F U S PHYSICAL THERAPY COM 90337L108 0 -1,409 -100.00 0 -100.00
2022-11-14 2022-09-30 13F U S PHYSICAL THERAPY COM 90337L108 1,409 1,409 107 0.0142
2020-05-14 2020-03-31 13F U S PHYSICAL THERAPY COM 90337L108 0 -44 -100.00 0 -100.00
2020-02-05 2019-12-31 13F U S PHYSICAL THERAPY COM 90337L108 44 0 0.00 5 -16.67 0.0008
2019-10-31 2019-09-30 13F U S PHYSICAL THERAPY COM 90337L108 44 0 0.00 6 20.00 0.0011
2019-08-12 2019-06-30 13F U S PHYSICAL THERAPY COM 90337L108 44 -2 -4.35 5 0.00 0.0009
2019-04-29 2019-03-31 13F U S PHYSICAL THERAPY COM 90337L108 46 -2 -4.17 5 0.00 0.0009
2019-02-04 2018-12-31 13F U S PHYSICAL THERAPY COM 90337L108 48 13 37.14 5 25.00 0.0011
2018-11-07 2018-09-30 13F U S PHYSICAL THERAPY COM 90337L108 35 0 0.00 4 33.33 0.0007
2018-07-31 2018-06-30 13F U S PHYSICAL THERAPY COM 90337L108 35 0 0.00 3 0.00 0.0005
2018-05-14 2018-03-31 13F U S PHYSICAL THERAPY COM 90337L108 35 -5 -12.50 3 0.00 0.0005
2018-01-24 2017-12-31 13F U S PHYSICAL THERAPY COM 90337L108 40 0 0.00 3 50.00 0.0005
2017-10-18 2017-09-30 13F U S PHYSICAL THERAPY COM 90337L108 40 0 0.00 2 0.00 0.0004
2017-07-13 2017-06-30 13F U S PHYSICAL THERAPY COM 90337L108 40 0 0.00 2 -33.33 0.0004
2017-04-18 2017-03-31 13F U S PHYSICAL THERAPY COM 90337L108 40 -5 -11.11 3 0.00 0.0006
2017-01-20 2016-12-31 13F U S PHYSICAL THERAPY COM 90337L108 45 0 0.00 3 0.00 0.0007
2016-10-17 2016-09-30 13F U S PHYSICAL THERAPY COM 90337L108 45 45 3 0.0006
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.