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

SecurityUSPH / U.S. Physical Therapy, Inc.
InstitutionJanus Henderson Group Plc
Latest Disclosed Ownership5,888 shares
Latest Disclosed Value $ 440,805
Janus Henderson Group Plc ownership in USPH / U.S. Physical Therapy, Inc.

On May 18, 2026 - Janus Henderson Group Plc filed a 13F-HR/A form disclosing ownership of 5,888 shares of U.S. Physical Therapy, Inc. (US:USPH) valued at $441,364 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 5,888 shares of U.S. Physical Therapy, Inc.. This represents a change in shares of 0.00% during the quarter. The current value of the position is $364,291 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)
2026-05-18 2026-03-31 13F/A-1 U S PHYSICAL THERAPY COM 90337L108 5,888 0 0.00 441 -4.14 0.0001
2026-05-15 2026-03-31 13F U S PHYSICAL THERAPY COM 90337L108 5,888 0 0.00 441 -4.14 0.0001
2026-02-17 2025-12-31 13F U S PHYSICAL THERAPY COM 90337L108 5,888 0 0.00 460 -8.20 0.0002
2025-11-14 2025-09-30 13F U S PHYSICAL THERAPY COM 90337L108 5,888 0 0.00 501 8.70 0.0002
2025-08-14 2025-06-30 13F U S PHYSICAL THERAPY COM 90337L108 5,888 0 0.00 461 9.00 0.0002
2025-05-15 2025-03-31 13F U S PHYSICAL THERAPY COM 90337L108 5,888 -1,800 -23.41 423 -38.21 0.0002
2025-02-14 2024-12-31 13F U S PHYSICAL THERAPY COM 90337L108 7,688 0 0.00 683 5.08 0.0003
2024-11-14 2024-09-30 13F U S PHYSICAL THERAPY COM 90337L108 7,688 0 0.00 651 -8.32 0.0003
2024-08-14 2024-06-30 13F U S PHYSICAL THERAPY COM 90337L108 7,688 -76 -0.98 710 -18.97 0.0004
2024-05-15 2024-03-31 13F U S PHYSICAL THERAPY COM 90337L108 7,764 0 0.00 875 21.02 0.0005
2024-02-14 2023-12-31 13F U S PHYSICAL THERAPY COM 90337L108 7,764 -6 -0.08 723 1.40 0.0004
2023-11-14 2023-09-30 13F U S PHYSICAL THERAPY COM 90337L108 7,770 11 0.14 713 -24.15 0.0005
2023-08-14 2023-06-30 13F U S PHYSICAL THERAPY COM 90337L108 7,759 1,989 34.47 940 66.67 0.0006
2023-05-15 2023-03-31 13F U S PHYSICAL THERAPY COM 90337L108 5,770 3,160 121.07 565 167.30 0.0004
2023-02-14 2022-12-31 13F U S PHYSICAL THERAPY COM 90337L108 2,610 2,610 211 0.0002
2023-01-13 2022-09-30 13F/A-1 U S PHYSICAL THERAPY COM 90337L108 0 -2,606 -100.00 0 -100.00
2022-11-14 2022-09-30 13F U S PHYSICAL THERAPY COM 90337L108 0 -2,606 0
2022-08-15 2022-06-30 13F U S PHYSICAL THERAPY COM 90337L108 2,606 -4 -0.15 283 8.85 0.0002
2022-05-16 2022-03-31 13F U S PHYSICAL THERAPY COM 90337L108 2,610 1 0.04 260 4.42 0.0001
2022-02-14 2021-12-31 13F U S PHYSICAL THERAPY COM 90337L108 2,609 2,609 249 0.0001
2021-02-16 2020-12-31 13F U S PHYSICAL THERAPY COM 90337L108 0 -13,092 -100.00 0 -100.00
2020-11-16 2020-09-30 13F U S PHYSICAL THERAPY COM 90337L108 13,092 1,099 9.16 1,137 16.98 0.0006
2020-08-14 2020-06-30 13F U S PHYSICAL THERAPY COM 90337L108 11,993 11,993 972 0.0005
2018-11-09 2018-09-30 13F U S PHYSICAL THERAPY COM 90337L108 0 -169,032 -100.00 0 -100.00
2018-08-10 2018-06-30 13F U S PHYSICAL THERAPY COM 90337L108 169,032 -21,559 -11.31 16,227 4.72 0.0092
2018-05-14 2018-03-31 13F U S PHYSICAL THERAPY COM 90337L108 190,591 -1,068 -0.56 15,495 11.97 0.0091
2018-03-12 2017-12-31 13F/A-1 U S PHYSICAL THERAPY COM 90337L108 191,659 191,659 13,838 0.0085
2018-02-09 2017-12-31 13F U S PHYSICAL THERAPY COM 90337L108 191,659 13,838
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.