Renaissance Technologies Llc ownership in USPH / U.S. Physical Therapy, Inc.

U.S. Physical Therapy, Inc.

US ˙ NYSE ˙ US90337L1089

Security	USPH / U.S. Physical Therapy, Inc.
Institution	Renaissance Technologies Llc
Manager	James Simons
Latest Disclosed Ownership	591,700 shares
Ownership	4.73%

2017-02-14 - Renaissance Technologies Llc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 591,700 shares of U.S. Physical Therapy, Inc. (US:USPH). This represents 4.73 percent ownership of the company. In their previous filing dated 2016-02-11 , Renaissance Technologies Llc had reported owning 691,200 shares, indicating a decrease of -14.40 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File Date	Effective Date	Form	Prev Shares	Latest Shares	ΔShares (Percent)	Ownership (Percent)	ΔOwnership (Percent)
2017-02-14	2017-02-14	13G/A	691,200	591,700	-14.40	4.73	-14.93
2016-02-11	2016-02-11	13G/A		691,200		5.56
2015-02-12	2015-02-12	13G		659,074		5.37

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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.

Upgrade to unlock premium data and export to Excel Premium Registration Required .

Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-14	2026-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	76,956	14,582	23.38	5,769	18.44	0.0090
2026-02-12	2025-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	62,374	-42,471	-40.51	4,871	-45.32	0.0076
2025-11-13	2025-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	104,845	24,422	30.37	8,907	41.61	0.0118
2025-08-13	2025-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	80,423	-4,900	-5.74	6,289	1.88	0.0084
2025-05-14	2025-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	85,323	-6,600	-7.18	6,174	-24.29	0.0093
2025-02-13	2024-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	91,923	4,900	5.63	8,154	10.73	0.0121
2024-11-13	2024-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	87,023	17,500	25.17	7,365	14.61	0.0111
2024-08-09	2024-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	69,523	61,474	763.75	6,425		0.0109
2024-05-13	2024-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	8,049	-7,600	-48.57	1	-100.00	0.0014
2024-02-13	2023-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	15,649	-26,304	-62.70	1	-66.67	0.0023
2023-11-14	2023-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	41,953	11,404	37.33	4	0.00	0.0066
2023-08-11	2023-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	30,549	-34,974	-53.38	4	-50.00	0.0053
2023-05-12	2023-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	65,523	30,600	87.62	6	200.00	0.0085
2023-02-13	2022-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	34,923	-14,400	-29.20	3	-99.95	0.0039
2022-11-14	2022-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	49,323	6,700	15.72	3,750	-19.42	0.0053
2022-08-12	2022-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	42,623	11,389	36.46	4,654	49.84	0.0055
2022-05-13	2022-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	31,234	-36,389	-53.81	3,106	-51.93	0.0036
2022-02-11	2021-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	67,623	-4,300	-5.98	6,461	-18.78	0.0080
2021-11-12	2021-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	71,923	6,300	9.60	7,955	4.62	0.0103
2021-08-13	2021-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	65,623	-51,400	-43.92	7,604	-37.58	0.0095
2021-05-13	2021-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	117,023	-14,500	-11.02	12,182	-22.98	0.0152
2021-02-10	2020-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	131,523	-56,300	-29.98	15,816	-3.08	0.0172
2020-11-13	2020-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	187,823	-81,900	-30.36	16,318	-25.33	0.0163
2020-08-13	2020-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	269,723	57,210	26.92	21,853	49.03	0.0189
2020-05-14	2020-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	212,513	-32,800	-13.37	14,663	-47.73	0.0142
2020-02-13	2019-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	245,313	-35,800	-12.74	28,052	-23.56	0.0216
2019-11-13	2019-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	281,113	-84,623	-23.14	36,699	-18.13	0.0311
2019-08-12	2019-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	365,736	-152,951	-29.49	44,828	-17.71	0.0395
2019-05-14	2019-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	518,687	-86,600	-14.31	54,478	-12.06	0.0495
2019-02-12	2018-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	605,287	-21,813	-3.48	61,951	-16.70	0.0678
2018-11-13	2018-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	627,100	-26,000	-3.98	74,374	18.62	0.0765
2018-08-13	2018-06-30	13F/A-1	U S PHYSICAL THERAPY	COM	90337L108	653,100	28,600	4.58	62,698	23.49	0.0683
2018-08-13	2018-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	624,500			50,772
2018-05-14	2018-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	624,500	29,526	4.96	50,772	18.19	0.0555
2018-02-13	2017-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	594,974	-113,700	-16.04	42,957	-1.36	0.0474
2017-11-13	2017-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	708,674	40,600	6.08	43,548	7.92	0.0512
2017-08-11	2017-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	668,074	63,074	10.43	40,352	2.14	0.0515
2017-05-12	2017-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	605,000	13,300	2.25	39,506	-4.89	0.0552
2017-02-13	2016-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	591,700	18,046	3.15	41,537	15.48	0.0657
2016-11-14	2016-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	573,654	-1,520	-0.26	35,968	3.86	0.0636
2016-08-12	2016-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	575,174	-62,926	-9.86	34,631	9.13	0.0659
2016-05-13	2016-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	638,100	-53,100	-7.68	31,733	-14.48	0.0603
2016-02-11	2015-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	691,200	-59,017	-7.87	37,104	10.18	0.0809
2015-11-12	2015-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	750,217	74,017	10.95	33,677	-9.05	0.0804
2015-08-14	2015-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	676,200	-1,627	-0.24	37,029	15.01	0.0844
2015-05-13	2015-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	677,827	18,753	2.85	32,197	16.42	0.0686
2015-02-13	2014-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	659,074	30,200	4.80	27,655	24.26	0.0668
2014-11-12	2014-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	628,874	-6,300	-0.99	22,256	2.48	0.0609
2014-08-13	2014-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	635,174	17,274	2.80	21,717	1.67	0.0506
2014-05-14	2014-03-31	13F	U S PHYSICAL THERAPY	COM	90337L108	617,900	18,900	3.16	21,361	1.14	0.0512
2014-02-14	2013-12-31	13F	U S PHYSICAL THERAPY	COM	90337L108	599,000	28,300	4.96	21,121	19.08	0.0506
2013-11-13	2013-09-30	13F	U S PHYSICAL THERAPY	COM	90337L108	570,700	22,300	4.07	17,737	17.01	0.0430
2013-08-12	2013-06-30	13F	U S PHYSICAL THERAPY	COM	90337L108	548,400	548,400		15,158		0.0397

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.