[SCHEDULE 13G] US Physical Therapy Inc SEC Filing

Rhea-AI Filing Summary

Copeland Capital Management, LLC, an investment adviser organized in Delaware, has filed a Schedule 13G indicating that it now holds a beneficial ownership of 676,795 shares of US Physical Therapy, Inc. (USPH) common stock, representing 5.85 % of the outstanding class as of 30 June 2025.

The firm reports:

• Sole voting power: 583,323 shares
• Shared voting power: 156,873 shares
• Sole dispositive power: 583,323 shares
• Shared dispositive power: 156,873 shares

The filing is made under Rule 13d-1(b) as Copeland qualifies as an investment adviser ("IA"). The certification is signed by Sofia A. Rosala, General Counsel & CCO, on 18 July 2025.

This disclosure signals that Copeland has crossed the 5 % reporting threshold, giving investors insight into evolving institutional ownership levels in USPH.

Positive

• Institutional ownership surpasses 5 %, revealing a meaningful 5.85 % stake by Copeland Capital Management, which could enhance investor confidence and trading liquidity.

Negative

• None.

Insights

Institutional Ownership Analyst

TL;DR: Copeland discloses 5.85 % USPH stake—material visibility but no control shift.

The new Schedule 13G shows Copeland Capital Management accumulating 676,795 USPH shares. Crossing the 5 % threshold is noteworthy because it can improve liquidity perception and may reflect confidence in USPH’s fundamentals. However, the filing is passive (13G, not 13D), so no activism intent is declared. Copeland retains largely sole voting/dispositive power, indicating centralized decision-making within the adviser. Absent additional context on purchase timing or cost basis, the impact remains informational rather than strategic.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

US Physical Therapy

(Name of Issuer)

Common Stock

(Title of Class of Securities)

90337L108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 90337L108

1

Names of Reporting Persons

Copeland Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 566,065.00
6	Shared Voting Power 110,730.00
7	Sole Dispositive Power 566,065.00
8	Shared Dispositive Power 676,795.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

676,795.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.85 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: US Physical Therapy
(b)	Address of issuer's principal executive offices: 1300 West Sam Houston Parkway South, Suite 300, Houston, Texas 77042
Item 2.
(a)	Name of person filing: Sofia A. Rosala
(b)	Address or principal business office or, if none, residence: 161 Washington St, Suite 1325, Conshohocken, PA 19428
(c)	Citizenship: USA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 90337L108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 676795.00
(b)	Percent of class: 5.85%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 583,323
	(ii) Shared power to vote or to direct the vote: 156,873
	(iii) Sole power to dispose or to direct the disposition of: 583,323
	(iv) Shared power to dispose or to direct the disposition of: 156,873
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Rule 13d-1(b) is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Copeland Capital Management, LLC

Signature:	/s/ Sofia A. Rosala
Name/Title:	Sofia A. Rosala, General Counsel and CCO
Date:	07/18/2025

FAQ

Who filed the Schedule 13G on USPH?

Copeland Capital Management, LLC, an investment adviser registered in Delaware, filed the report.

How many USPH shares does Copeland own?

The filer reports 676,795 common shares beneficially owned.

What percentage of USPH’s outstanding shares does this represent?

The holding equals 5.85 % of the company’s outstanding common stock.

Does Copeland have sole or shared voting power?

Copeland claims 583,323 shares with sole voting power and 156,873 shares with shared voting power.

Is this an activist position?

No. The passive Schedule 13G filing under Rule 13d-1(b) indicates no stated intent to influence control.