REINHART PARTNERS, LLC.

MEQUON, WI · CIK 1080298 · 13F filing filed 2024-04-03

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)

$2.5bn reported value +8.0% vs Q4 2023

81positions

34.0%in top 10

4 new 30 added 41 reduced 3 sold out vs Q4 2023

Also in the report of:

Dorsey & Whitney Trust CO LLC – $222.0k of shares are in both reports

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

Holdings, Q1 2024

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	U HAUL HOLDING COMPANY COM SER N UHAL.B	UHAL.B	1,480,145	$98.7m4.02%	4.02%	Reduced -45.4k	-45,415 -3.0%
2	INSPERITY INC COM NSP	NSP	894,972	$98.1m4.00%	4.00%	Added +12.4k	+12,351 1.4%
3	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	58,583	$95.8m3.90%	3.90%	Added +1.8k	+1,780 3.1%
4	LANTHEUS HLDGS INC COM LNTH	LNTH	1,470,383	$91.5m3.73%	3.73%	Added +114.1k	+114,110 8.4%
5	ASSURED GUARANTY LTD COM AGO	AGO	890,534	$77.7m3.16%	3.16%	Reduced -3.3k	-3,254 -0.4%
6	WINTRUST FINL CORP COM WTFC	WTFC	731,345	$76.3m3.11%	3.11%	Added +15.2k	+15,240 2.1%
7	ACI WORLDWIDE INC COM ACIW	ACIW	2,269,620	$75.4m3.07%	3.07%	Added +3.9k	+3,908 0.2%
8	FRONTDOOR INC COM FTDR	FTDR	2,288,768	$74.6m3.04%	3.04%	Added +304.6k	+304,645 15.3%
9	HILLMAN SOLUTIONS CORP COM HLMN	HLMN	6,920,005	$73.6m3.00%	3.00%	Added +202.4k	+202,387 3.0%
10	AIR LEASE CORP CL A AL	AL	1,431,200	$73.6m3.00%	3.00%	Added +28.9k	+28,918 2.1%
11	WHITE MTNS INS GROUP LTD COM WTM	WTM	38,225	$68.6m2.79%	2.79%	Added +406	+406 1.1%
12	ENCOMPASS HEALTH CORP COM EHC	EHC	736,804	$60.8m2.48%	2.48%	Added +4.4k	+4,409 0.6%
13	EURONET WORLDWIDE INC COM EEFT	EEFT	551,431	$60.6m2.47%	2.47%	Added +17.6k	+17,606 3.3%
14	MODINE MFG CO COM MOD	MOD	623,970	$59.4m2.42%	2.42%	Reduced -65.0k	-64,951 -9.4%
15	ASGN INC COM EFOR	EFOR	548,300	$57.4m2.34%	2.34%	Added +4.9k	+4,931 0.9%
16	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	736,371	$56.7m2.31%	2.31%	Added +35.6k	+35,623 5.1%
17	FIRST HAWAIIAN INC COM FHB	FHB	2,299,222	$50.5m2.06%	2.06%	Added +48.2k	+48,213 2.1%
18	MARCUS & MILLICHAP INC COM MMI	MMI	1,470,042	$50.2m2.05%	2.05%	Added +12.4k	+12,433 0.8%
19	SPROUTS FMRS MKT INC COM SFM	SFM	756,153	$48.8m1.99%	1.99%	Added +14.9k	+14,942 2.0%
20	ADAPTHEALTH CORP COMMON STOCK AHCO	AHCO	4,210,211	$48.5m1.97%	1.97%	Added +144.5k	+144,516 3.5%
21	GMS INC COM COM		487,549	$47.5m1.93%	1.93%	Added +9.4k	+9,441 2.0%
22	GRAND CANYON ED INC COM LOPE	LOPE	307,859	$41.9m1.71%	1.71%	Added +6.8k	+6,774 2.2%
23	ALEXANDER & BALDWIN INC NEW COM ALEX	ALEX	2,442,724	$40.2m1.64%	1.64%	Reduced -21.5k	-21,531 -0.9%
24	PAR TECHNOLOGY CORP COM PAR	PAR	874,046	$39.6m1.61%	1.61%	Added +16.2k	+16,166 1.9%
25	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	242,540	$39.6m1.61%	1.61%	Reduced -195.2k	-195,248 -44.6%
26	AXCELIS TECHNOLOGIES INC COM NEW ACLS	ACLS	339,592	$37.9m1.54%	1.54%	New
27	GENTEX CORP COM GNTX	GNTX	1,006,859	$36.4m1.48%	1.48%	Added +27.5k	+27,504 2.8%
28	INTERNATIONAL BANCSHARES COR COM IBOC	IBOC	640,513	$36.0m1.46%	1.46%	Added +18.9k	+18,911 3.0%
29	FIRST AMERN FINL CORP COM FAF	FAF	569,093	$34.7m1.41%	1.41%	Added +16.3k	+16,338 3.0%
30	THOR INDS INC COM THO	THO	287,528	$33.7m1.37%	1.37%	Reduced -8.5k	-8,517 -2.9%
31	FORMFACTOR INC COM FORM	FORM	735,885	$33.6m1.37%	1.37%	Reduced -9.4k	-9,414 -1.3%
32	GXO LOGISTICS INCORPORATED COMMON STOCK GXO	GXO	554,686	$29.8m1.21%	1.21%	Added +13.6k	+13,592 2.5%
33	ELEMENT SOLUTIONS INC COM ESI	ESI	1,169,042	$29.2m1.19%	1.19%	Reduced -394.8k	-394,789 -25.2%
34	TRINET GROUP INC COM TNET	TNET	206,811	$27.4m1.12%	1.12%	Reduced -6.7k	-6,714 -3.1%
35	CARTERS INC COM CRI	CRI	275,732	$23.3m0.95%	0.95%	Reduced -350.6k	-350,648 -56.0%
36	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	330,384	$21.3m0.87%	0.87%	Reduced -8.9k	-8,865 -2.6%
37	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	195,537	$20.7m0.84%	0.84%	Reduced -6.2k	-6,184 -3.1%
38	LPL FINL HLDGS INC COM LPLA	LPLA	75,835	$20.0m0.82%	0.82%	Added +1.2k	+1,215 1.6%
39	CHARLES RIV LABS INTL INC COM CRL	CRL	71,824	$19.5m0.79%	0.79%	Reduced -1.1k	-1,071 -1.5%
40	MAXIMUS INC COM MMS	MMS	231,819	$19.4m0.79%	0.79%	Added +4.2k	+4,172 1.8%
41	AFFILIATED MANAGERS GROUP IN COM AMG	AMG	107,339	$18.0m0.73%	0.73%	Reduced -5.0k	-4,971 -4.4%
42	FIDELITY NATL INFORMATION SV COM FIS	FIS	239,360	$17.8m0.72%	0.72%	Reduced -2.1k	-2,117 -0.9%
43	FIDELITY NATIONAL FINANCIAL FNF GROUP COM FNF	FNF	330,437	$17.5m0.71%	0.71%	Reduced -6.3k	-6,311 -1.9%
44	GLOBAL PMTS INC COM GPN	GPN	124,074	$16.6m0.68%	0.68%	Reduced -1.5k	-1,494 -1.2%
45	TRANSUNION COM TRU	TRU	206,665	$16.5m0.67%	0.67%	Reduced -6.6k	-6,608 -3.1%
46	AVANTOR INC COM AVTR	AVTR	624,403	$16.0m0.65%	0.65%	Reduced -12.2k	-12,190 -1.9%
47	BJS WHSL CLUB HLDGS INC COM BJ	BJ	180,628	$13.7m0.56%	0.56%	Reduced -1.6k	-1,557 -0.8%
48	BOK FINL CORP COM NEW BOKF	BOKF	147,121	$13.5m0.55%	0.55%	Reduced -2.4k	-2,374 -1.6%
49	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	97,827	$13.4m0.55%	0.55%	Reduced -38.4k	-38,379 -28.2%
50	LKQ CORP COM LKQ	LKQ	245,121	$13.1m0.53%	0.53%	Reduced -3.3k	-3,321 -1.3%
51	M & T BK CORP COM MTB	MTB	89,997	$13.1m0.53%	0.53%	Reduced -823	-823 -0.9%
52	CAMDEN PPTY TR SH BEN INT CPT	CPT	129,895	$12.8m0.52%	0.52%	Added +32.1k	+32,125 32.9%
53	AMERICOLD REALTY TRUST INC COM COLD	COLD	504,913	$12.6m0.51%	0.51%	Reduced -9.5k	-9,494 -1.9%
54	1ST SOURCE CORP COM SRCE	SRCE	237,436	$12.4m0.51%	0.51%	Reduced -941	-941 -0.4%
55	EAGLE MATLS INC COM EXP	EXP	44,928	$12.2m0.50%	0.50%	Reduced -801	-801 -1.8%
56	AMERICAN FINL GROUP INC OHIO COM AFG	AFG	89,337	$12.2m0.50%	0.50%	Reduced -3.2k	-3,201 -3.5%
57	ALLISON TRANSMISSION HLDGS I COM ALSN	ALSN	148,174	$12.0m0.49%	0.49%	Reduced -55.8k	-55,831 -27.4%
58	BAKER HUGHES COMPANY CL A BKR	BKR	351,743	$11.8m0.48%	0.48%	Reduced -6.0k	-6,009 -1.7%
59	ALEXANDRIA REAL ESTATE EQ IN COM ARE	ARE	89,225	$11.5m0.47%	0.47%	New
60	SEALED AIR CORP NEW COM COM		306,245	$11.4m0.46%	0.46%	Added +2.7k	+2,676 0.9%
61	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	151,580	$11.1m0.45%	0.45%	Reduced -67.3k	-67,329 -30.8%
62	SENSATA TECHNOLOGIES HLDG PL SHS ST	ST	301,400	$11.1m0.45%	0.45%	Added +1.1k	+1,146 0.4%
63	XCEL ENERGY INC COM XEL	XEL	204,022	$11.0m0.45%	0.45%	New
64	WEYERHAEUSER CO MTN BE COM NEW WY	WY	295,040	$10.6m0.43%	0.43%	Reduced -3.8k	-3,802 -1.3%
65	LESLIES INC COM COM		1,607,400	$10.4m0.43%	0.43%	Reduced -24.6k	-24,639 -1.5%
66	INTERPUBLIC GROUP COS INC COM IPG	IPG	316,105	$10.3m0.42%	0.42%	Reduced -2.9k	-2,898 -0.9%
67	NORTHERN TR CORP COM NTRS	NTRS	112,089	$10.0m0.41%	0.41%	Reduced -1.1k	-1,136 -1.0%
68	VENTAS INC COM VTR	VTR	225,212	$9.8m0.40%	0.40%	Reduced -6.5k	-6,464 -2.8%
69	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	73,307	$9.7m0.39%	0.39%	Reduced -621	-621 -0.8%
70	SNAP ON INC COM SNA	SNA	32,305	$9.6m0.39%	0.39%	Reduced -371	-371 -1.1%
71	PROGRESSIVE CORP COM PGR	PGR	44,164	$9.1m0.37%	0.37%	Reduced -514	-514 -1.1%
72	REXFORD INDL RLTY INC COM REXR	REXR	181,099	$9.1m0.37%	0.37%	New
73	LOEWS CORP COM L	L	114,570	$9.0m0.37%	0.37%	Reduced -1.8k	-1,834 -1.6%
74	FMC CORP COM NEW FMC	FMC	123,674	$7.9m0.32%	0.32%	Added +3.7k	+3,742 3.1%
75	STANLEY BLACK & DECKER INC COM SWK	SWK	75,231	$7.4m0.30%	0.30%	Reduced -299	-299 -0.4%
76	ISHARES TR CORE S&P500 ETF IVV	IVV	2,245	$1.2m0.05%	0.05%	Unchanged
77	MICROSOFT CORP COM MSFT	MSFT	900	$378.6k0.02%	0.02%	Unchanged
78	PREMIER INC CL A PINC	PINC	16,610	$367.1k0.01%	0.01%	Unchanged
79	INTUIT COM INTU	INTU	500	$325.0k0.01%	0.01%	Unchanged
80	SPDR SER TR PORTFOLIO SHORT SPSB	SPSB	9,500	$282.8k0.01%	0.01%	Unchanged
81	AMERICAN EXPRESS CO COM AXP	AXP	1,100	$250.5k0.01%	0.01%	Unchanged

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
VISTRA CORP VST	VST	366,284	$14.1m366.3k shares
UGI CORP NEW UGI	UGI	481,040	$11.8m481.0k shares
ISHARES TR IWS	IWS	9,225	$1.1m9.2k 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