REINHART PARTNERS, LLC.

MEQUON, WI · CIK 1080298 · 13F filing filed 2023-08-01

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)

$2.0bn reported value +6.8% vs Q1 2023

75positions

30.8%in top 10

2 new 33 added 38 reduced 3 sold out vs Q1 2023

Also in the report of:

Dorsey & Whitney Trust CO LLC – $142.7k of shares are in both reports

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

Holdings, Q2 2023

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	INSPERITY INC COM NSP	NSP	720,441	$85.7m4.34%	4.34%	Added +162.3k	+162,307 29.1%
2	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	60,240	$77.3m3.92%	3.92%	Added +1.7k	+1,705 2.9%
3	U HAUL HOLDING COMPANY COM SER N UHAL.B	UHAL.B	1,431,806	$72.5m3.68%	3.68%	Added +226.1k	+226,137 18.8%
4	LANTHEUS HLDGS INC COM LNTH	LNTH	716,144	$60.1m3.04%	3.04%	Added +11.4k	+11,419 1.6%
5	WHITE MTNS INS GROUP LTD COM WTM	WTM	40,126	$55.7m2.82%	2.82%	Added +7	+7 0.0%
6	FRONTDOOR INC COM FTDR	FTDR	1,714,420	$54.7m2.77%	2.77%	Added +42.3k	+42,270 2.5%
7	HILLMAN SOLUTIONS CORP COM HLMN	HLMN	5,847,275	$52.7m2.67%	2.67%	Added +201.7k	+201,703 3.6%
8	AIR LEASE CORP CL A AL	AL	1,216,083	$50.9m2.58%	2.58%	Added +30.5k	+30,528 2.6%
9	ENCOMPASS HEALTH CORP COM EHC	EHC	742,980	$50.3m2.55%	2.55%	Reduced -3.6k	-3,608 -0.5%
10	GRAND CANYON ED INC COM LOPE	LOPE	462,516	$47.7m2.42%	2.42%	Added +5.2k	+5,235 1.1%
11	ACI WORLDWIDE INC COM ACIW	ACIW	1,949,493	$45.2m2.29%	2.29%	Added +52.9k	+52,945 2.8%
12	WINTRUST FINL CORP COM WTFC	WTFC	621,927	$45.2m2.29%	2.29%	Added +13.2k	+13,227 2.2%
13	ASSURED GUARANTY LTD COM AGO	AGO	787,505	$43.9m2.23%	2.23%	Added +109.0k	+109,036 16.1%
14	ALEXANDER & BALDWIN INC NEW COM ALEX	ALEX	2,206,100	$41.0m2.08%	2.08%	Added +24.6k	+24,642 1.1%
15	MARCUS & MILLICHAP INC COM MMI	MMI	1,270,138	$40.0m2.03%	2.03%	Added +42.1k	+42,091 3.4%
16	CARTERS INC COM CRI	CRI	535,332	$38.9m1.97%	1.97%	Added +135.2k	+135,176 33.8%
17	EURONET WORLDWIDE INC COM EEFT	EEFT	330,257	$38.8m1.96%	1.96%	Added +63.3k	+63,277 23.7%
18	ADAPTHEALTH CORP COMMON STOCK AHCO	AHCO	3,051,680	$37.1m1.88%	1.88%	Added +2.1m	+2,135,721 233.2%
19	TRINET GROUP INC COM TNET	TNET	388,658	$36.9m1.87%	1.87%	Reduced -101.6k	-101,564 -20.7%
20	GXO LOGISTICS INCORPORATED COMMON STOCK GXO	GXO	570,881	$35.9m1.82%	1.82%	Reduced -132.0k	-132,031 -18.8%
21	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	383,595	$35.6m1.81%	1.81%	Added +5.8k	+5,842 1.6%
22	ASGN INC COM EFOR	EFOR	462,982	$35.0m1.77%	1.77%	Added +231.5k	+231,479 100.0%
23	FIRST HAWAIIAN INC COM FHB	FHB	1,918,767	$34.6m1.75%	1.75%	Added +51.8k	+51,781 2.8%
24	ELEMENT SOLUTIONS INC COM ESI	ESI	1,604,940	$30.8m1.56%	1.56%	Added +63.1k	+63,131 4.1%
25	PAR TECHNOLOGY CORP COM PAR	PAR	895,346	$29.5m1.49%	1.49%	Added +40.8k	+40,780 4.8%
26	THOR INDS INC COM THO	THO	283,532	$29.3m1.49%	1.49%	Added +3.5k	+3,450 1.2%
27	GMS INC COM COM		411,237	$28.5m1.44%	1.44%	Reduced -87.4k	-87,401 -17.5%
28	FORMFACTOR INC COM FORM	FORM	814,638	$27.9m1.41%	1.41%	Added +241.7k	+241,735 42.2%
29	FIRST AMERN FINL CORP COM FAF	FAF	477,495	$27.2m1.38%	1.38%	Added +10.2k	+10,183 2.2%
30	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	439,135	$26.6m1.35%	1.35%	Reduced -14.6k	-14,613 -3.2%
31	PREMIER INC CL A PINC	PINC	929,381	$25.7m1.30%	1.30%	Added +9.4k	+9,383 1.0%
32	GENTEX CORP COM GNTX	GNTX	848,051	$24.8m1.26%	1.26%	Added +38.2k	+38,214 4.7%
33	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	257,734	$23.5m1.19%	1.19%	Reduced -6.5k	-6,549 -2.5%
34	INTERNATIONAL BANCSHARES COR COM IBOC	IBOC	530,246	$23.4m1.19%	1.19%	Added +162.2k	+162,159 44.0%
35	TRANSUNION COM TRU	TRU	281,435	$22.0m1.12%	1.12%	Reduced -1.8k	-1,832 -0.7%
36	BAKER HUGHES COMPANY CL A BKR	BKR	682,672	$21.6m1.09%	1.09%	Reduced -23.9k	-23,883 -3.4%
37	AMERICOLD REALTY TRUST INC COM COLD	COLD	638,735	$20.6m1.05%	1.05%	Reduced -26.7k	-26,654 -4.0%
38	AFFILIATED MANAGERS GROUP IN COM AMG	AMG	136,943	$20.5m1.04%	1.04%	Reduced -3.2k	-3,179 -2.3%
39	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	176,774	$20.0m1.01%	1.01%	Reduced -1.6k	-1,590 -0.9%
40	VISTRA CORP COM VST	VST	746,563	$19.6m0.99%	0.99%	Reduced -39.3k	-39,342 -5.0%
41	CHARLES RIV LABS INTL INC COM CRL	CRL	93,023	$19.6m0.99%	0.99%	Reduced -433	-433 -0.5%
42	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	286,868	$18.7m0.95%	0.95%	Reduced -6.0k	-6,029 -2.1%
43	LKQ CORP COM LKQ	LKQ	304,678	$17.8m0.90%	0.90%	Reduced -8.0k	-8,021 -2.6%
44	MAXIMUS INC COM MMS	MMS	206,006	$17.4m0.88%	0.88%	Added +2.1k	+2,081 1.0%
45	SENSATA TECHNOLOGIES HLDG PL SHS ST	ST	376,017	$16.9m0.86%	0.86%	Reduced -7.0k	-6,960 -1.8%
46	GLOBAL PMTS INC COM GPN	GPN	170,622	$16.8m0.85%	0.85%	Reduced -1.6k	-1,574 -0.9%
47	AVANTOR INC COM AVTR	AVTR	809,647	$16.6m0.84%	0.84%	Added +221.7k	+221,688 37.7%
48	EAGLE MATLS INC COM EXP	EXP	86,665	$16.2m0.82%	0.82%	Reduced -29.2k	-29,234 -25.2%
49	FIDELITY NATIONAL FINANCIAL FNF GROUP COM FNF	FNF	436,412	$15.7m0.80%	0.80%	Reduced -3.0k	-3,042 -0.7%
50	FMC CORP COM NEW FMC	FMC	146,018	$15.2m0.77%	0.77%	Added +32.5k	+32,501 28.6%
51	SEALED AIR CORP NEW COM COM		380,359	$15.2m0.77%	0.77%	Reduced -4.3k	-4,322 -1.1%
52	BOK FINL CORP COM NEW BOKF	BOKF	186,673	$15.1m0.76%	0.76%	Reduced -2.0k	-2,026 -1.1%
53	ALLISON TRANSMISSION HLDGS I COM ALSN	ALSN	262,263	$14.8m0.75%	0.75%	Reduced -83.1k	-83,108 -24.1%
54	INTERPUBLIC GROUP COS INC COM IPG	IPG	379,222	$14.6m0.74%	0.74%	Reduced -174.8k	-174,801 -31.6%
55	LPL FINL HLDGS INC COM LPLA	LPLA	65,645	$14.3m0.72%	0.72%	Added +1.1k	+1,094 1.7%
56	VENTAS INC COM VTR	VTR	300,261	$14.2m0.72%	0.72%	Reduced -12.2k	-12,199 -3.9%
57	BJS WHSL CLUB HLDGS INC COM BJ	BJ	224,280	$14.1m0.72%	0.72%	Reduced -4.5k	-4,471 -1.9%
58	SYNEOS HEALTH INC CL A INCR	INCR	327,376	$13.8m0.70%	0.70%	Reduced -101.0k	-101,050 -23.6%
59	CAMDEN PPTY TR SH BEN INT CPT	CPT	126,615	$13.8m0.70%	0.70%	Reduced -917	-917 -0.7%
60	M & T BK CORP COM MTB	MTB	110,607	$13.7m0.69%	0.69%	New
61	AMERICAN FINL GROUP INC OHIO COM AFG	AFG	112,648	$13.4m0.68%	0.68%	Reduced -1.2k	-1,192 -1.1%
62	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	89,868	$13.1m0.66%	0.66%	Reduced -49.5k	-49,476 -35.5%
63	WEYERHAEUSER CO MTN BE COM NEW WY	WY	376,372	$12.6m0.64%	0.64%	Reduced -7.6k	-7,640 -2.0%
64	UGI CORP NEW COM UGI	UGI	439,301	$11.8m0.60%	0.60%	Reduced -6.0k	-6,024 -1.4%
65	SNAP ON INC COM SNA	SNA	40,474	$11.7m0.59%	0.59%	Reduced -21.3k	-21,342 -34.5%
66	NORTHERN TR CORP COM NTRS	NTRS	139,082	$10.3m0.52%	0.52%	Reduced -1.8k	-1,838 -1.3%
67	PROGRESSIVE CORP COM PGR	PGR	76,184	$10.1m0.51%	0.51%	Reduced -1.4k	-1,383 -1.8%
68	LESLIES INC COM COM		1,030,293	$9.7m0.49%	0.49%	Reduced -1.9k	-1,935 -0.2%
69	1ST SOURCE CORP COM SRCE	SRCE	301,935	$9.5m0.48%	0.48%	Added +80.4k	+80,373 36.3%
70	STANLEY BLACK & DECKER INC COM SWK	SWK	101,543	$9.5m0.48%	0.48%	Reduced -1.3k	-1,301 -1.3%
71	LOEWS CORP COM L	L	144,818	$8.6m0.44%	0.44%	Reduced -2.0k	-2,007 -1.4%
72	ISHARES TR CORE S&P500 ETF IVV	IVV	2,245	$1.0m0.05%	0.05%	Reduced -292	-292 -11.5%
73	MICROSOFT CORP COM MSFT	MSFT	900	$306.5k0.02%	0.02%	Unchanged
74	SPDR SER TR PORTFOLIO SHORT SPSB	SPSB	9,500	$279.7k0.01%	0.01%	New
75	INTUIT COM INTU	INTU	500	$229.1k0.01%	0.01%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
MAXAR TECHNOLOGIES INC MAXR	MAXR	519,476	$26.5m519.5k shares
CITIZENS FINL GROUP INC CFG	CFG	436,708	$13.3m436.7k shares
SIGNATURE BK NEW YORK N Y SBNY	SBNY	182,545	$33.4k182.5k 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