Vanguard's stake falling below 5% reduces passive overhang but is routine portfolio rebalancing. Monitor for any further 13G amendments or a conversion to 13D by other holders; the prior 6.3% stake from Copeland Capital remains the more significant passive position.
Price Chart
Executive Summary
Vanguard Capital Management LLC filed an amended Schedule 13G disclosing a 4.82% passive stake in U.S. Physical Therapy, Inc. as of September 30, 2026, representing 720,170 shares. This is a decrease from the prior filing's 6.3% stake by Copeland Capital Management, and Vanguard's stake is now below the 5% threshold, signaling a reduction in passive exposure.
Key Financial Metrics
Key Facts
- Vanguard Capital Management LLC filed an amended Schedule 13G on October 30, 2026
- Stake as of September 30, 2026: 720,170 shares of common stock, representing 4.82% of shares outstanding
- Vanguard disclaims beneficial ownership of shares held by its affiliates and funds
- Filing certifies shares were acquired in ordinary course of business, not to influence control
- Prior 13G filing by Copeland Capital Management on October 13, 2026 disclosed a 6.3% stake (940,528 shares)
Financial Impact
Vanguard's stake of 720,170 shares is valued at approximately $34.7 million based on the $1.3B market cap and 4.82% ownership
Risk Factors
- Vanguard's reduction below 5% could signal waning institutional interest
- No material change in company fundamentals from this filing alone
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0002100119-26-001672 |
| Document: 0002100119-26-001672-index.html | 0002100119-26-001672 |
| Document: 0002100119-26-001672.txt | 0002100119-26-001672 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G/A | $85.84 | awaiting T+5 | awaiting T+5 | $85.83 (−0.01%) |
Oct 13, 2026 19d ago | SC 13G | $85.44 $87.02 | ▲ +1.85% | ▲ +3.00% | $85.83 (+0.46%) |
Aug 10, 2026 11w ago | 8-K | $81.67 $78.21 | ▼ −4.24% | ▼ −3.83% | $85.83 (+5.09%) |
May 6, 2026 25w ago | 8-K | $59.00 $60.14 | ▼ −1.93% | ▼ −0.43% | $85.83 (−45.47%) |
Apr 15, 2026 28w ago | 8-K | $78.18 $74.76 | ▼ −4.37% | ▼ −5.36% | $85.83 (+9.79%) |
Feb 26, 2026 35w ago | 8-K | $78.87 $82.14 | ▲ +4.15% | ▲ +5.27% | $85.83 (+8.82%) |
US Market Status
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