Select Medical Holdings CORP (SEM) Quarterly Institutional 13F Update (Q2 2026)

SEM ranks #2564 out of 37503 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

SEM is a disclosed holding of Two Sigma (Two Sigma Investments), one of the tracked superinvestors on AlphaSMO — it makes up 0.1% of that fund's own 13F portfolio.

SEM is a top-conviction position for Decagon Asset Management LLP — at 8.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in SEM belongs to BlackRock, Inc., but the position matters far more to Decagon Asset Management LLP, who has 8.5% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

California State Teachers Retirement System has added to its SEM position for two straight quarters, increasing it by $129.3M to reach $130.9M today.

Price T Rowe Associates Inc /md/ has trimmed its SEM position for two straight quarters, cutting it by $245.0M while still holding $1.6M.

SEM posted net income of $133.5M over the trailing twelve months.

• Profitable — net income of $133.5M over the trailing twelve months
• Revenue grew 45.9% year over year
• Net income declined year over year, from $173.8M to $133.5M
• Generated $346.5M in positive operating cash flow
• Current ratio of 1.04x — below the conventional 1.5x liquidity buffer
• Liabilities run 2.24x equity — a highly leveraged balance sheet worth noting