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

SecurityUSPH / U.S. Physical Therapy, Inc.
InstitutionNorthern Trust Corp
Latest Disclosed Ownership210,928 shares
Latest Disclosed Value $ 15,811,163
Northern Trust Corp reports 1.65% decrease in ownership of USPH / U.S. Physical Therapy, Inc.

On May 14, 2026 - Northern Trust Corp filed a 13F-HR form disclosing ownership of 210,928 shares of U.S. Physical Therapy, Inc. (US:USPH) valued at $15,811,163 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 214,466 shares of U.S. Physical Therapy, Inc.. This represents a change in shares of -1.65% during the quarter. The current value of the position is $13,029,023 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)
2026-05-14 2026-03-31 13F U S PHYSICAL THERAPY COM 90337L108 210,928 -3,538 -1.65 15,811 -5.59 0.0004
2026-02-17 2025-12-31 13F U S PHYSICAL THERAPY COM 90337L108 214,466 -15,277 -6.65 16,748 -14.19 0.0004
2025-11-14 2025-09-30 13F U S PHYSICAL THERAPY COM 90337L108 229,743 -5,319 -2.26 19,517 6.17 0.0025
2025-08-13 2025-06-30 13F U S PHYSICAL THERAPY COM 90337L108 235,062 -39,055 -14.25 18,382 -7.33 0.0025
2025-05-13 2025-03-31 13F U S PHYSICAL THERAPY COM 90337L108 274,117 12,292 4.69 19,835 -14.60 0.0029
2025-02-14 2024-12-31 13F U S PHYSICAL THERAPY COM 90337L108 261,825 32,024 13.94 23,226 19.43 0.0033
2024-11-13 2024-09-30 13F U S PHYSICAL THERAPY COM 90337L108 229,801 786 0.34 19,448 -8.11 0.0032
2024-08-14 2024-06-30 13F U S PHYSICAL THERAPY COM 90337L108 229,015 -2,786 -1.20 21,166 -19.10 0.0036
2024-05-14 2024-03-31 13F U S PHYSICAL THERAPY COM 90337L108 231,801 3,176 1.39 26,163 22.87 0.0045
2024-02-13 2023-12-31 13F U S PHYSICAL THERAPY COM 90337L108 228,625 921 0.40 21,294 1.95 0.0039
2023-11-13 2023-09-30 13F U S PHYSICAL THERAPY COM 90337L108 227,704 19,661 9.45 20,887 -17.29 0.0040
2023-08-11 2023-06-30 13F U S PHYSICAL THERAPY COM 90337L108 208,043 14,747 7.63 25,254 33.44 0.0049
2023-05-15 2023-03-31 13F U S PHYSICAL THERAPY COM 90337L108 193,296 3,241 1.71 18,926 22.89 0.0038
2023-02-13 2022-12-31 13F U S PHYSICAL THERAPY COM 90337L108 190,055 5,894 3.20 15,400 10.00 0.0032
2022-11-14 2022-09-30 13F U S PHYSICAL THERAPY COM 90337L108 184,161 -4,057 -2.16 14,000 -31.88 0.0032
2022-08-12 2022-06-30 13F U S PHYSICAL THERAPY COM 90337L108 188,218 -1,472 -0.78 20,553 8.95 0.0044
2022-05-13 2022-03-31 13F U S PHYSICAL THERAPY COM 90337L108 189,690 -928 -0.49 18,864 3.57 0.0033
2022-02-08 2021-12-31 13F U S PHYSICAL THERAPY COM 90337L108 190,618 -75,124 -28.27 18,214 -38.03 0.0030
2021-11-15 2021-09-30 13F U S PHYSICAL THERAPY COM 90337L108 265,742 -3,210 -1.19 29,391 -5.69 0.0052
2021-08-13 2021-06-30 13F U S PHYSICAL THERAPY COM 90337L108 268,952 8,685 3.34 31,165 15.03 0.0055
2021-05-12 2021-03-31 13F U S PHYSICAL THERAPY COM 90337L108 260,267 2,320 0.90 27,094 -12.65 0.0050
2021-02-11 2020-12-31 13F U S PHYSICAL THERAPY COM 90337L108 257,947 -1,516 -0.58 31,018 37.60 0.0060
2020-11-16 2020-09-30 13F U S PHYSICAL THERAPY COM 90337L108 259,463 -8,234 -3.08 22,542 3.93 0.0049
2020-08-14 2020-06-30 13F U S PHYSICAL THERAPY COM 90337L108 267,697 46,459 21.00 21,689 42.08 0.0051
2020-05-14 2020-03-31 13F U S PHYSICAL THERAPY COM 90337L108 221,238 3,210 1.47 15,265 -38.77 0.0044
2020-02-14 2019-12-31 13F U S PHYSICAL THERAPY COM 90337L108 218,028 -6,125 -2.73 24,932 -14.80 0.0056
2019-11-13 2019-09-30 13F U S PHYSICAL THERAPY COM 90337L108 224,153 4,587 2.09 29,263 8.74 0.0070
2019-08-13 2019-06-30 13F U S PHYSICAL THERAPY COM 90337L108 219,566 2,174 1.00 26,912 17.86 0.0064
2019-05-13 2019-03-31 13F U S PHYSICAL THERAPY COM 90337L108 217,392 1,796 0.83 22,833 3.48 0.0056
2019-02-12 2018-12-31 13F U S PHYSICAL THERAPY COM 90337L108 215,596 -2,317 -1.06 22,066 -14.62 0.0062
2018-11-14 2018-09-30 13F U S PHYSICAL THERAPY COM 90337L108 217,913 176 0.08 25,844 23.64 0.0063
2018-09-18 2018-06-30 13F/A-1 U S PHYSICAL THERAPY COM 90337L108 217,737 20,295 10.28 20,903 30.22 0.0053
2018-08-14 2018-06-30 13F U S PHYSICAL THERAPY COM 90337L108 218,525 21,083 20,978
2018-05-09 2018-03-31 13F U S PHYSICAL THERAPY COM 90337L108 197,442 -1,318 -0.66 16,052 11.86 0.0042
2018-02-14 2017-12-31 13F U S PHYSICAL THERAPY COM 90337L108 198,760 -467 -0.23 14,350 17.21 0.0036
2017-11-13 2017-09-30 13F U S PHYSICAL THERAPY COM 90337L108 199,227 -8,408 -4.05 12,243 -2.37 0.0032
2017-08-11 2017-06-30 13F U S PHYSICAL THERAPY COM 90337L108 207,635 1,004 0.49 12,540 -7.06 0.0035
2017-05-12 2017-03-31 13F U S PHYSICAL THERAPY COM 90337L108 206,631 820 0.40 13,492 -6.62 0.0039
2017-02-13 2016-12-31 13F U S PHYSICAL THERAPY COM 90337L108 205,811 17,725 9.42 14,448 22.50 0.0044
2016-11-09 2016-09-30 13F U S PHYSICAL THERAPY COM 90337L108 188,086 4,032 2.19 11,794 6.42 0.0037
2016-08-12 2016-06-30 13F U S PHYSICAL THERAPY COM 90337L108 184,054 -6,591 -3.46 11,082 16.89 0.0036
2016-08-19 2016-03-31 13F/A-1 U S PHYSICAL THERAPY COM 90337L108 190,645 636 0.33 9,481 -7.04 0.0031
2016-05-13 2016-03-31 13F U S PHYSICAL THERAPY COM 90337L108 190,645 9,481
2016-02-12 2015-12-31 13F U S PHYSICAL THERAPY COM 90337L108 190,009 4,081 2.19 10,199 22.19 0.0034
2015-11-12 2015-09-30 13F U S PHYSICAL THERAPY COM 90337L108 185,928 185,928 0.00 8,347 0.0028
2015-08-13 2015-06-30 13F U S PHYSICAL THERAPY COM 90337L108 0 -185,968 -100.00 0 -100.00
2015-05-14 2015-03-31 13F U S PHYSICAL THERAPY COM 90337L108 185,968 6,134 3.41 8,834 17.07 0.0027
2015-02-12 2014-12-31 13F U S PHYSICAL THERAPY COM 90337L108 179,834 -4,458 -2.42 7,546 15.72 0.0023
2014-11-13 2014-09-30 13F U S PHYSICAL THERAPY COM 90337L108 184,292 -3,240 -1.73 6,521 1.70 0.0020
2014-08-14 2014-06-30 13F U S PHYSICAL THERAPY COM 90337L108 187,532 -22,588 -10.75 6,412 -11.73 0.0020
2014-05-14 2014-03-31 13F U S PHYSICAL THERAPY COM 90337L108 210,120 -13,249 -5.93 7,264 -7.77 0.0023
2014-02-21 2013-12-31 13F/A-1 U S PHYSICAL THERAPY COM 90337L108 223,369 5,898 2.71 7,876 16.54 0.0025
2014-02-12 2013-12-31 13F U S PHYSICAL THERAPY COM 90337L108 223,369 7,876
2013-11-13 2013-09-30 13F U S PHYSICAL THERAPY COM 90337L108 217,471 -3,751 -1.70 6,758 10.52 0.0024
2013-08-09 2013-06-30 13F U S PHYSICAL THERAPY COM 90337L108 221,222 221,222 6,115 0.0022
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.