REINHART PARTNERS, LLC.

MEQUON, WI · CIK 1080298 · 13F filing filed 2023-10-25

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)

$1.9bn reported value -2.5% vs Q2 2023

77positions

31.2%in top 10

3 new 28 added 42 reduced 1 sold out vs Q2 2023

Also in the report of:

Dorsey & Whitney Trust CO LLC – $141.2k of shares are in both reports

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

Holdings, Q3 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	833,045	$81.3m4.22%	4.22%	Added +112.6k	+112,604 15.6%
2	U HAUL HOLDING COMPANY COM SER N UHAL.B	UHAL.B	1,474,904	$77.3m4.01%	4.01%	Added +43.1k	+43,098 3.0%
3	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	50,851	$70.2m3.65%	3.65%	Reduced -9.4k	-9,389 -15.6%
4	LANTHEUS HLDGS INC COM LNTH	LNTH	901,520	$62.6m3.25%	3.25%	Added +185.4k	+185,376 25.9%
5	WHITE MTNS INS GROUP LTD COM WTM	WTM	36,859	$55.1m2.86%	2.86%	Reduced -3.3k	-3,267 -8.1%
6	FRONTDOOR INC COM FTDR	FTDR	1,787,104	$54.7m2.84%	2.84%	Added +72.7k	+72,684 4.2%
7	ENCOMPASS HEALTH CORP COM EHC	EHC	746,752	$50.2m2.60%	2.60%	Added +3.8k	+3,772 0.5%
8	ASSURED GUARANTY LTD COM AGO	AGO	826,175	$50.0m2.60%	2.60%	Added +38.7k	+38,670 4.9%
9	HILLMAN SOLUTIONS CORP COM HLMN	HLMN	6,054,201	$49.9m2.59%	2.59%	Added +206.9k	+206,926 3.5%
10	AIR LEASE CORP CL A AL	AL	1,258,240	$49.6m2.58%	2.58%	Added +42.2k	+42,157 3.5%
11	WINTRUST FINL CORP COM WTFC	WTFC	652,206	$49.2m2.56%	2.56%	Added +30.3k	+30,279 4.9%
12	ACI WORLDWIDE INC COM ACIW	ACIW	2,062,364	$46.5m2.42%	2.42%	Added +112.9k	+112,871 5.8%
13	GRAND CANYON ED INC COM LOPE	LOPE	395,312	$46.2m2.40%	2.40%	Reduced -67.2k	-67,204 -14.5%
14	ASGN INC COM EFOR	EFOR	490,853	$40.1m2.08%	2.08%	Added +27.9k	+27,871 6.0%
15	MARCUS & MILLICHAP INC COM MMI	MMI	1,324,301	$38.9m2.02%	2.02%	Added +54.2k	+54,163 4.3%
16	CARTERS INC COM CRI	CRI	560,677	$38.8m2.01%	2.01%	Added +25.3k	+25,345 4.7%
17	ALEXANDER & BALDWIN INC NEW COM ALEX	ALEX	2,267,952	$37.9m1.97%	1.97%	Added +61.9k	+61,852 2.8%
18	EURONET WORLDWIDE INC COM EEFT	EEFT	465,229	$36.9m1.92%	1.92%	Added +135.0k	+134,972 40.9%
19	FIRST HAWAIIAN INC COM FHB	FHB	2,043,357	$36.9m1.92%	1.92%	Added +124.6k	+124,590 6.5%
20	TRINET GROUP INC COM TNET	TNET	315,183	$36.7m1.91%	1.91%	Reduced -73.5k	-73,475 -18.9%
21	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	399,518	$33.3m1.73%	1.73%	Added +15.9k	+15,923 4.2%
22	ADAPTHEALTH CORP COMMON STOCK AHCO	AHCO	3,622,177	$33.0m1.71%	1.71%	Added +570.5k	+570,497 18.7%
23	ELEMENT SOLUTIONS INC COM ESI	ESI	1,674,072	$32.8m1.71%	1.71%	Added +69.1k	+69,132 4.3%
24	PAR TECHNOLOGY CORP COM PAR	PAR	771,558	$29.7m1.54%	1.54%	Reduced -123.8k	-123,788 -13.8%
25	FORMFACTOR INC COM FORM	FORM	834,698	$29.2m1.51%	1.51%	Added +20.1k	+20,060 2.5%
26	GENTEX CORP COM GNTX	GNTX	884,561	$28.8m1.50%	1.50%	Added +36.5k	+36,510 4.3%
27	GXO LOGISTICS INCORPORATED COMMON STOCK GXO	GXO	486,309	$28.5m1.48%	1.48%	Reduced -84.6k	-84,572 -14.8%
28	FIRST AMERN FINL CORP COM FAF	FAF	500,444	$28.3m1.47%	1.47%	Added +22.9k	+22,949 4.8%
29	GMS INC COM COM		426,363	$27.3m1.42%	1.42%	Added +15.1k	+15,126 3.7%
30	THOR INDS INC COM THO	THO	282,196	$26.8m1.39%	1.39%	Reduced -1.3k	-1,336 -0.5%
31	INTERNATIONAL BANCSHARES COR COM IBOC	IBOC	563,658	$24.4m1.27%	1.27%	Added +33.4k	+33,412 6.3%
32	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	432,805	$22.7m1.18%	1.18%	Reduced -6.3k	-6,330 -1.4%
33	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	430,546	$22.1m1.15%	1.15%	New
34	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	249,797	$20.7m1.08%	1.08%	Reduced -7.9k	-7,937 -3.1%
35	TRANSUNION COM TRU	TRU	265,728	$19.1m0.99%	0.99%	Reduced -15.7k	-15,707 -5.6%
36	AMERICOLD REALTY TRUST INC COM COLD	COLD	622,944	$18.9m0.98%	0.98%	Reduced -15.8k	-15,791 -2.5%
37	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	277,210	$18.8m0.98%	0.98%	Reduced -9.7k	-9,658 -3.4%
38	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	169,085	$18.6m0.97%	0.97%	Reduced -7.7k	-7,689 -4.3%
39	GLOBAL PMTS INC COM GPN	GPN	158,065	$18.2m0.95%	0.95%	Reduced -12.6k	-12,557 -7.4%
40	AFFILIATED MANAGERS GROUP IN COM AMG	AMG	134,959	$17.6m0.91%	0.91%	Reduced -2.0k	-1,984 -1.4%
41	CHARLES RIV LABS INTL INC COM CRL	CRL	89,069	$17.5m0.91%	0.91%	Reduced -4.0k	-3,954 -4.2%
42	FIDELITY NATIONAL FINANCIAL FNF GROUP COM FNF	FNF	419,458	$17.3m0.90%	0.90%	Reduced -17.0k	-16,954 -3.9%
43	AVANTOR INC COM AVTR	AVTR	802,725	$16.9m0.88%	0.88%	Reduced -6.9k	-6,922 -0.8%
44	LPL FINL HLDGS INC COM LPLA	LPLA	70,287	$16.7m0.87%	0.87%	Added +4.6k	+4,642 7.1%
45	SPROUTS FMRS MKT INC COM SFM	SFM	389,765	$16.7m0.87%	0.87%	New
46	BJS WHSL CLUB HLDGS INC COM BJ	BJ	221,888	$15.8m0.82%	0.82%	Reduced -2.4k	-2,392 -1.1%
47	BAKER HUGHES COMPANY CL A BKR	BKR	446,472	$15.8m0.82%	0.82%	Reduced -236.2k	-236,200 -34.6%
48	VISTRA CORP COM VST	VST	475,078	$15.8m0.82%	0.82%	Reduced -271.5k	-271,485 -36.4%
49	MAXIMUS INC COM MMS	MMS	209,244	$15.6m0.81%	0.81%	Added +3.2k	+3,238 1.6%
50	ALLISON TRANSMISSION HLDGS I COM ALSN	ALSN	252,881	$14.9m0.78%	0.78%	Reduced -9.4k	-9,382 -3.6%
51	LKQ CORP COM LKQ	LKQ	299,713	$14.8m0.77%	0.77%	Reduced -5.0k	-4,965 -1.6%
52	BOK FINL CORP COM NEW BOKF	BOKF	182,174	$14.6m0.76%	0.76%	Reduced -4.5k	-4,499 -2.4%
53	SENSATA TECHNOLOGIES HLDG PL SHS ST	ST	369,179	$14.0m0.73%	0.73%	Reduced -6.8k	-6,838 -1.8%
54	EAGLE MATLS INC COM EXP	EXP	83,414	$13.9m0.72%	0.72%	Reduced -3.3k	-3,251 -3.8%
55	M & T BK CORP COM MTB	MTB	108,256	$13.7m0.71%	0.71%	Reduced -2.4k	-2,351 -2.1%
56	UGI CORP NEW COM UGI	UGI	571,751	$13.2m0.68%	0.68%	Added +132.4k	+132,450 30.1%
57	AMERICAN FINL GROUP INC OHIO COM AFG	AFG	112,108	$12.5m0.65%	0.65%	Reduced -540	-540 -0.5%
58	VENTAS INC COM VTR	VTR	297,019	$12.5m0.65%	0.65%	Reduced -3.2k	-3,242 -1.1%
59	SEALED AIR CORP NEW COM COM		371,132	$12.2m0.63%	0.63%	Reduced -9.2k	-9,227 -2.4%
60	WEYERHAEUSER CO MTN BE COM NEW WY	WY	372,998	$11.4m0.59%	0.59%	Reduced -3.4k	-3,374 -0.9%
61	CAMDEN PPTY TR SH BEN INT CPT	CPT	118,428	$11.2m0.58%	0.58%	Reduced -8.2k	-8,187 -6.5%
62	LESLIES INC COM COM		1,954,146	$11.1m0.57%	0.57%	Added +923.9k	+923,853 89.7%
63	INTERPUBLIC GROUP COS INC COM IPG	IPG	375,290	$10.8m0.56%	0.56%	Reduced -3.9k	-3,932 -1.0%
64	PROGRESSIVE CORP COM PGR	PGR	75,152	$10.5m0.54%	0.54%	Reduced -1.0k	-1,032 -1.4%
65	FIDELITY NATL INFORMATION SV COM FIS	FIS	183,929	$10.2m0.53%	0.53%	New
66	SNAP ON INC COM SNA	SNA	39,445	$10.1m0.52%	0.52%	Reduced -1.0k	-1,029 -2.5%
67	1ST SOURCE CORP COM SRCE	SRCE	236,077	$9.9m0.52%	0.52%	Reduced -65.9k	-65,858 -21.8%
68	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	86,440	$9.7m0.50%	0.50%	Reduced -3.4k	-3,428 -3.8%
69	FMC CORP COM NEW FMC	FMC	144,336	$9.7m0.50%	0.50%	Reduced -1.7k	-1,682 -1.1%
70	NORTHERN TR CORP COM NTRS	NTRS	135,746	$9.4m0.49%	0.49%	Reduced -3.3k	-3,336 -2.4%
71	LOEWS CORP COM L	L	142,845	$9.0m0.47%	0.47%	Reduced -2.0k	-1,973 -1.4%
72	STANLEY BLACK & DECKER INC COM SWK	SWK	94,989	$7.9m0.41%	0.41%	Reduced -6.6k	-6,554 -6.5%
73	ISHARES TR CORE S&P500 ETF IVV	IVV	2,245	$964.1k0.05%	0.05%	Unchanged
74	PREMIER INC CL A PINC	PINC	16,692	$358.9k0.02%	0.02%	Reduced -912.7k	-912,689 -98.2%
75	MICROSOFT CORP COM MSFT	MSFT	900	$284.2k0.01%	0.01%	Unchanged
76	SPDR SER TR PORTFOLIO SHORT SPSB	SPSB	9,500	$278.5k0.01%	0.01%	Unchanged
77	INTUIT COM INTU	INTU	500	$255.5k0.01%	0.01%	Unchanged

Sold out since Q2 2023

Security	Ticker	Shares held before	Value then
SYNEOS HEALTH INC INCR	INCR	327,376	$13.8m327.4k 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