REINHART PARTNERS, LLC.

MEQUON, WI · CIK 1080298 · 13F filing filed 2023-01-18

SEC-registered investment adviser since 1991 · limited liability company

Assets managed$2.5bn
Staff16 · 6 in investment roles
Main clients (by assets)State and local governments 34%, Mutual funds and ETFs 27%, Companies 15%
Websitereinhartpartners.com
Form ADV · 2026-05-18SEC adviser record

Legal entityREINHART PARTNERS, LLC (US)

$1.8bn reported value +13.6% vs Q3 2022

79positions

29.8%in top 10

9 new 26 added 42 reduced 7 sold out vs Q3 2022

Also in the report of:

Dorsey & Whitney Trust CO LLC – $142.1k of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	AEROJET ROCKETDYNE HLDGS INC COM AJRD	AJRD	1,336,755	$74.8m4.05%	4.05%	Reduced -25.4k	-25,386 -1.9%
2	U HAUL HOLDING COMPANY COM SER N UHAL.B	UHAL.B	1,203,521	$66.2m3.59%	3.59%	New
3	INSPERITY INC COM NSP	NSP	540,782	$61.4m3.33%	3.33%	Reduced -2.1k	-2,114 -0.4%
4	MAXAR TECHNOLOGIES INC COM MAXR	MAXR	1,162,434	$60.1m3.26%	3.26%	Reduced -930.0k	-929,976 -44.5%
5	WHITE MTNS INS GROUP LTD COM WTM	WTM	41,062	$58.1m3.15%	3.15%	Reduced -651	-651 -1.6%
6	GRAND CANYON ED INC COM LOPE	LOPE	465,958	$49.2m2.67%	2.67%	Reduced -9.0k	-9,042 -1.9%
7	ENCOMPASS HEALTH CORP COM EHC	EHC	787,066	$47.1m2.55%	2.55%	Reduced -45.1k	-45,112 -5.4%
8	AIR LEASE CORP CL A AL	AL	1,194,673	$45.9m2.49%	2.49%	Reduced -7.4k	-7,393 -0.6%
9	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	57,453	$43.6m2.36%	2.36%	Reduced -875	-875 -1.5%
10	ACI WORLDWIDE INC COM ACIW	ACIW	1,875,818	$43.1m2.34%	2.34%	Added +17.1k	+17,125 0.9%
11	ASSURED GUARANTY LTD COM AGO	AGO	672,326	$41.9m2.27%	2.27%	Reduced -7.6k	-7,571 -1.1%
12	ALEXANDER & BALDWIN INC NEW COM ALEX	ALEX	2,204,662	$41.3m2.24%	2.24%	Reduced -16.7k	-16,659 -0.8%
13	FIRST HAWAIIAN INC COM FHB	FHB	1,512,612	$39.4m2.14%	2.14%	Reduced -15.2k	-15,196 -1.0%
14	HILLMAN SOLUTIONS CORP COM HLMN	HLMN	5,355,943	$38.6m2.09%	2.09%	Added +1.3m	+1,296,119 31.9%
15	IAA INC COM COM		963,489	$38.5m2.09%	2.09%	Added +161.2k	+161,244 20.1%
16	MARCUS & MILLICHAP INC COM MMI	MMI	1,114,079	$38.4m2.08%	2.08%	Reduced -12.6k	-12,564 -1.1%
17	FRONTDOOR INC COM FTDR	FTDR	1,654,804	$34.4m1.87%	1.87%	Added +464.3k	+464,286 39.0%
18	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	374,144	$30.6m1.66%	1.66%	Reduced -2.1k	-2,141 -0.6%
19	WINTRUST FINL CORP COM WTFC	WTFC	450,541	$30.1m1.63%	1.63%	Reduced -3.4k	-3,424 -0.8%
20	LANTHEUS HLDGS INC COM LNTH	LNTH	575,720	$29.3m1.59%	1.59%	Added +231.2k	+231,162 67.1%
21	ELEMENT SOLUTIONS INC COM ESI	ESI	1,522,557	$27.7m1.50%	1.50%	Added +222.2k	+222,240 17.1%
22	TRINET GROUP INC COM TNET	TNET	390,454	$26.5m1.44%	1.44%	Reduced -4.2k	-4,204 -1.1%
23	PREMIER INC CL A PINC	PINC	731,905	$25.6m1.39%	1.39%	Reduced -20.5k	-20,486 -2.7%
24	GMS INC COM COM		501,086	$25.0m1.35%	1.35%	Reduced -78.1k	-78,076 -13.5%
25	GXO LOGISTICS INCORPORATED COMMON STOCK GXO	GXO	563,922	$24.1m1.31%	1.31%	New
26	INTERNATIONAL BANCSHARES COR COM IBOC	IBOC	513,506	$23.5m1.27%	1.27%	Added +78.0k	+78,039 17.9%
27	AFFILIATED MANAGERS GROUP IN COM AMG	AMG	146,978	$23.3m1.26%	1.26%	Added +178	+178 0.1%
28	THOR INDS INC COM THO	THO	289,846	$21.9m1.19%	1.19%	Reduced -10.7k	-10,736 -3.6%
29	BAKER HUGHES COMPANY CL A BKR	BKR	739,983	$21.9m1.18%	1.18%	Reduced -19.8k	-19,776 -2.6%
30	GENTEX CORP COM GNTX	GNTX	793,684	$21.6m1.17%	1.17%	Added +20.5k	+20,499 2.6%
31	PAR TECHNOLOGY CORP COM PAR	PAR	818,901	$21.3m1.16%	1.16%	Added +232.3k	+232,267 39.6%
32	AMERICOLD REALTY TRUST INC COM COLD	COLD	706,312	$20.0m1.08%	1.08%	Added +160.5k	+160,484 29.4%
33	INTERPUBLIC GROUP COS INC COM IPG	IPG	582,958	$19.4m1.05%	1.05%	Added +13.3k	+13,333 2.3%
34	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	370,443	$19.3m1.05%	1.05%	Added +72.8k	+72,841 24.5%
35	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	150,094	$19.1m1.04%	1.04%	Reduced -3.6k	-3,596 -2.3%
36	VISTRA CORP COM VST	VST	814,015	$18.9m1.02%	1.02%	Reduced -12.6k	-12,619 -1.5%
37	LKQ CORP COM LKQ	LKQ	335,633	$17.9m0.97%	0.97%	Reduced -149.6k	-149,586 -30.8%
38	EURONET WORLDWIDE INC COM EEFT	EEFT	186,708	$17.6m0.96%	0.96%	New
39	MAXIMUS INC COM MMS	MMS	240,218	$17.6m0.95%	0.95%	Reduced -7.1k	-7,059 -2.9%
40	CITIZENS FINL GROUP INC COM CFG	CFG	446,289	$17.6m0.95%	0.95%	Reduced -4.5k	-4,470 -1.0%
41	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	305,793	$17.5m0.95%	0.95%	Added +68.0k	+68,024 28.6%
42	FIDELITY NATIONAL FINANCIAL FNF GROUP COM FNF	FNF	458,743	$17.3m0.94%	0.94%	Reduced -7.8k	-7,801 -1.7%
43	CARTERS INC COM CRI	CRI	228,447	$17.0m0.92%	0.92%	Added +470	+470 0.2%
44	EAGLE MATLS INC COM EXP	EXP	128,054	$17.0m0.92%	0.92%	Added +4.5k	+4,510 3.6%
45	GLOBAL PMTS INC COM GPN	GPN	171,271	$17.0m0.92%	0.92%	Reduced -3.6k	-3,585 -2.0%
46	BOK FINL CORP COM NEW BOKF	BOKF	162,798	$16.9m0.92%	0.92%	Reduced -55.9k	-55,949 -25.6%
47	SENSATA TECHNOLOGIES HLDG PL SHS ST	ST	416,986	$16.8m0.91%	0.91%	Added +11.9k	+11,929 3.0%
48	BJS WHSL CLUB HLDGS INC COM BJ	BJ	246,639	$16.3m0.88%	0.88%	Reduced -4.5k	-4,504 -1.8%
49	AMERICAN FINL GROUP INC OHIO COM AFG	AFG	116,244	$16.0m0.87%	0.87%	Reduced -6.0k	-6,013 -4.9%
50	NATIONAL INSTRS CORP COM COM		431,551	$15.9m0.86%	0.86%	Reduced -26.9k	-26,920 -5.9%
51	LPL FINL HLDGS INC COM LPLA	LPLA	72,519	$15.7m0.85%	0.85%	Reduced -2.7k	-2,684 -3.6%
52	ALLISON TRANSMISSION HLDGS I COM ALSN	ALSN	372,221	$15.5m0.84%	0.84%	Reduced -52.6k	-52,632 -12.4%
53	SEALED AIR CORP NEW COM COM		306,787	$15.3m0.83%	0.83%	Reduced -3.7k	-3,736 -1.2%
54	SNAP ON INC COM SNA	SNA	65,947	$15.1m0.82%	0.82%	Reduced -4.4k	-4,423 -6.3%
55	AVISTA CORP COM AVA	AVA	339,535	$15.1m0.82%	0.82%	Reduced -14.2k	-14,214 -4.0%
56	SYNEOS HEALTH INC CL A INCR	INCR	410,266	$15.0m0.82%	0.82%	Added +5.7k	+5,714 1.4%
57	CHARLES RIV LABS INTL INC COM CRL	CRL	68,504	$14.9m0.81%	0.81%	Added +21.7k	+21,730 46.5%
58	FMC CORP COM NEW FMC	FMC	119,358	$14.9m0.81%	0.81%	Reduced -48.1k	-48,100 -28.7%
59	SIGNATURE BK NEW YORK N Y COM SBNY	SBNY	128,255	$14.8m0.80%	0.80%	Added +29.0k	+29,004 29.2%
60	VENTAS INC COM VTR	VTR	324,297	$14.6m0.79%	0.79%	Reduced -10.0k	-9,966 -3.0%
61	CAMDEN PPTY TR SH BEN INT CPT	CPT	127,871	$14.3m0.78%	0.78%	Added +346	+346 0.3%
62	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	200,357	$14.0m0.76%	0.76%	New
63	FIRST AMERN FINL CORP COM FAF	FAF	263,979	$13.8m0.75%	0.75%	Added +4.0k	+4,017 1.6%
64	NORTHERN TR CORP COM NTRS	NTRS	151,187	$13.4m0.73%	0.73%	Added +987	+987 0.7%
65	1ST SOURCE CORP COM SRCE	SRCE	244,215	$13.0m0.70%	0.70%	Reduced -7.1k	-7,082 -2.8%
66	LESLIES INC COM COM		1,050,681	$12.8m0.70%	0.70%	Added +29.3k	+29,283 2.9%
67	AVANTOR INC COM AVTR	AVTR	603,527	$12.7m0.69%	0.69%	New
68	WEYERHAEUSER CO MTN BE COM NEW WY	WY	410,255	$12.7m0.69%	0.69%	Reduced -7.7k	-7,721 -1.9%
69	FORMFACTOR INC COM FORM	FORM	544,349	$12.1m0.66%	0.66%	New
70	UGI CORP NEW COM UGI	UGI	295,502	$11.0m0.59%	0.59%	Added +682	+682 0.2%
71	PROGRESSIVE CORP COM PGR	PGR	83,399	$10.8m0.59%	0.59%	Reduced -1.9k	-1,893 -2.2%
72	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	99,607	$10.2m0.55%	0.55%	New
73	ADAPTHEALTH CORP COMMON STOCK AHCO	AHCO	496,678	$9.5m0.52%	0.52%	Reduced -3.9k	-3,922 -0.8%
74	LOEWS CORP COM L	L	159,159	$9.3m0.50%	0.50%	Reduced -4.4k	-4,351 -2.7%
75	STANLEY BLACK & DECKER INC COM SWK	SWK	104,091	$7.8m0.42%	0.42%	Added +3.0k	+3,002 3.0%
76	ISHARES TR RUSSELL 2000 ETF IWM	IWM	21,132	$3.7m0.20%	0.20%	New
77	ISHARES TR RUS MDCP VAL ETF IWS	IWS	17,788	$1.9m0.10%	0.10%	New
78	ISHARES TR CORE S&P500 ETF IVV	IVV	2,495	$959.0k0.05%	0.05%	Unchanged
79	MICROSOFT CORP COM MSFT	MSFT	1,190	$285.0k0.02%	0.02%	Unchanged

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
U HAUL HOLDING COMPANY UHAL	UHAL	114,389	$58.2m114.4k shares
EMCOR GROUP INC EME	EME	197,397	$22.8m197.4k shares
CURTISS WRIGHT CORP CW	CW	112,418	$15.6m112.4k shares
CARLISLE COS INC CSL	CSL	48,997	$13.7m49.0k shares
CHANGE HEALTHCARE INC CHNG	CHNG	389,769	$10.8m389.8k shares
SOTERA HEALTH CO SHC	SHC	1,385,878	$9.5m1.4m shares
ENHABIT INC EHAB	EHAB	295,799	$4.2m295.8k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
INSPERITY INC NSP · 13G · filed 2026-02-12	NSP	7.3%≈ $113.4m	+1.4 pts	13G	2026-02-12
SKYWARD SPECIALTY INS GROUP SKWD · 13G · filed 2026-02-12	SKWD	6.0%≈ $141.0m	new	13G	2026-02-12
CADRE HLDGS INC CDRE · 13G · filed 2026-02-12	CDRE	5.3%≈ $61.9m	new	13G	2026-02-12
YETI HLDGS INC YETI · 13G · filed 2026-10-13	YETI	5.1%≈ $192.8m	new	13G	2026-10-13
HILLMAN SOLUTIONS CORP HLMN · 13G · filed 2025-08-05	HLMN	5.1%≈ $84.8m	new	13G	2025-08-05