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

SecurityUSPH / U.S. Physical Therapy, Inc.
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership7,674 shares
Latest Disclosed Value $ 575,287
Level Four Advisory Services, Llc reports 13.21% decrease in ownership of USPH / U.S. Physical Therapy, Inc.

On May 14, 2026 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 7,674 shares of U.S. Physical Therapy, Inc. (US:USPH) valued at $575,243 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 8,842 shares of U.S. Physical Therapy, Inc.. This represents a change in shares of -13.21% during the quarter. The current value of the position is $474,790 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 7,674 -1,168 -13.21 575 -16.67 0.0189
2026-02-13 2025-12-31 13F U S PHYSICAL THERAPY COM 90337L108 8,842 -6,514 -42.42 691 -47.09 0.0226
2025-11-12 2025-09-30 13F U S PHYSICAL THERAPY COM 90337L108 15,356 -199 -1.28 1,305 7.24 0.0447
2025-08-13 2025-06-30 13F U S PHYSICAL THERAPY COM 90337L108 15,555 1,853 13.52 1,216 22.70 0.0448
2025-05-14 2025-03-31 13F U S PHYSICAL THERAPY COM 90337L108 13,702 1,190 9.51 992 -10.64 0.0408
2025-02-12 2024-12-31 13F U S PHYSICAL THERAPY COM 90337L108 12,512 413 3.41 1,110 14.33 0.0454
2024-11-14 2024-09-30 13F U S PHYSICAL THERAPY COM 90337L108 12,099 5,040 71.40 970 48.77 0.0408
2024-08-09 2024-06-30 13F U S PHYSICAL THERAPY COM 90337L108 7,059 7,059 652 0.0294
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.