REINHART PARTNERS, LLC.

MEQUON, WI · CIK 1080298 · 13F filing filed 2024-10-09

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)

$2.6bn reported value +9.4% vs Q2 2024

80positions

34.5%in top 10

3 new 33 added 38 reduced 4 sold out vs Q2 2024

Also in the report of:

Dorsey & Whitney Trust CO LLC – $264.5k of shares are in both reports

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

Holdings, Q3 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	LANTHEUS HLDGS INC COM LNTH	LNTH	1,243,591	$136.5m5.18%	5.18%	Reduced -225.1k	-225,066 -15.3%
2	FRONTDOOR INC COM FTDR	FTDR	2,276,696	$109.3m4.15%	4.15%	Reduced -54.2k	-54,241 -2.3%
3	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	56,798	$104.6m3.97%	3.97%	Added +416	+416 0.7%
4	INSPERITY INC COM NSP	NSP	1,082,034	$95.2m3.62%	3.62%	Added +68.2k	+68,160 6.7%
5	WINTRUST FINL CORP COM WTFC	WTFC	781,393	$84.8m3.22%	3.22%	Added +47.2k	+47,242 6.4%
6	HILLMAN SOLUTIONS CORP COM HLMN	HLMN	7,482,201	$79.0m3.00%	3.00%	Added +503.8k	+503,809 7.2%
7	ASSURED GUARANTY LTD COM AGO	AGO	977,758	$77.8m2.95%	2.95%	Added +71.1k	+71,114 7.8%
8	U HAUL HOLDING COMPANY COM SER N UHAL.B	UHAL.B	1,070,646	$77.1m2.93%	2.93%	Reduced -401.0k	-401,037 -27.2%
9	MARCUS & MILLICHAP INC COM MMI	MMI	1,835,699	$72.7m2.76%	2.76%	Added +129.3k	+129,333 7.6%
10	AXCELIS TECHNOLOGIES INC COM NEW ACLS	ACLS	687,608	$72.1m2.74%	2.74%	Added +268.6k	+268,560 64.1%
11	ACI WORLDWIDE INC COM ACIW	ACIW	1,408,777	$71.7m2.72%	2.72%	Reduced -879.1k	-879,072 -38.4%
12	AIR LEASE CORP CL A AL	AL	1,543,756	$69.9m2.66%	2.66%	Added +98.8k	+98,755 6.8%
13	ADAPTHEALTH CORP COMMON STOCK AHCO	AHCO	6,198,642	$69.6m2.64%	2.64%	Added +1.9m	+1,929,339 45.2%
14	FIRST AMERN FINL CORP COM FAF	FAF	1,013,403	$66.9m2.54%	2.54%	Added +69.6k	+69,648 7.4%
15	WHITE MTNS INS GROUP LTD COM WTM	WTM	39,369	$66.8m2.54%	2.54%	Added +1.5k	+1,490 3.9%
16	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	1,080,375	$65.6m2.49%	2.49%	Added +326.4k	+326,358 43.3%
17	ENCOMPASS HEALTH CORP COM EHC	EHC	673,040	$65.0m2.47%	2.47%	Added +15.6k	+15,550 2.4%
18	EURONET WORLDWIDE INC COM EEFT	EEFT	606,325	$60.2m2.28%	2.28%	Added +47.5k	+47,469 8.5%
19	FIRST HAWAIIAN INC COM FHB	FHB	2,461,319	$57.0m2.16%	2.16%	Added +141.3k	+141,327 6.1%
20	ASGN INC COM EFOR	EFOR	588,999	$54.9m2.09%	2.09%	Added +39.6k	+39,607 7.2%
21	PAR TECHNOLOGY CORP COM PAR	PAR	946,773	$49.3m1.87%	1.87%	Added +57.0k	+57,049 6.4%
22	ALEXANDER & BALDWIN INC NEW COM ALEX	ALEX	2,553,912	$49.0m1.86%	1.86%	Added +72.2k	+72,240 2.9%
23	GMS INC COM COM		529,420	$47.9m1.82%	1.82%	Added +33.7k	+33,656 6.8%
24	GRAND CANYON ED INC COM LOPE	LOPE	325,607	$46.2m1.75%	1.75%	Added +15.2k	+15,182 4.9%
25	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	383,026	$41.1m1.56%	1.56%	Added +136.8k	+136,756 55.5%
26	INTERNATIONAL BANCSHARES COR COM IBOC	IBOC	682,144	$40.8m1.55%	1.55%	Added +36.3k	+36,284 5.6%
27	MODINE MFG CO COM MOD	MOD	305,672	$40.6m1.54%	1.54%	Reduced -134.7k	-134,687 -30.6%
28	SPROUTS FMRS MKT INC COM SFM	SFM	326,311	$36.0m1.37%	1.37%	Reduced -332.7k	-332,729 -50.5%
29	MAXIMUS INC COM MMS	MMS	384,127	$35.8m1.36%	1.36%	Added +28.2k	+28,213 7.9%
30	THOR INDS INC COM THO	THO	319,274	$35.1m1.33%	1.33%	Added +32.2k	+32,165 11.2%
31	CARTERS INC COM CRI	CRI	523,939	$34.0m1.29%	1.29%	Added +62.7k	+62,749 13.6%
32	ELEMENT SOLUTIONS INC COM ESI	ESI	1,240,887	$33.7m1.28%	1.28%	Added +66.5k	+66,496 5.7%
33	GENTEX CORP COM GNTX	GNTX	1,103,779	$32.8m1.24%	1.24%	Added +72.3k	+72,285 7.0%
34	GXO LOGISTICS INCORPORATED COMMON STOCK GXO	GXO	608,694	$31.7m1.20%	1.20%	Added +40.3k	+40,289 7.1%
35	LPL FINL HLDGS INC COM LPLA	LPLA	126,757	$29.5m1.12%	1.12%	Added +49.9k	+49,909 65.0%
36	INTERDIGITAL INC COM IDCC	IDCC	196,015	$27.8m1.05%	1.05%	New
37	TRINET GROUP INC COM TNET	TNET	232,955	$22.6m0.86%	0.86%	Added +22.0k	+21,962 10.4%
38	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	284,617	$21.1m0.80%	0.80%	Reduced -20.1k	-20,070 -6.6%
39	FORMFACTOR INC COM FORM	FORM	424,853	$19.5m0.74%	0.74%	Reduced -117.6k	-117,626 -21.7%
40	TRANSUNION COM TRU	TRU	175,109	$18.3m0.70%	0.70%	Reduced -14.7k	-14,663 -7.7%
41	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	165,900	$18.2m0.69%	0.69%	Reduced -14.1k	-14,094 -7.8%
42	AFFILIATED MANAGERS GROUP IN COM AMG	AMG	89,574	$15.9m0.60%	0.60%	Reduced -8.4k	-8,376 -8.6%
43	REXFORD INDL RLTY INC COM REXR	REXR	278,080	$14.0m0.53%	0.53%	Added +30.4k	+30,402 12.3%
44	1ST SOURCE CORP COM SRCE	SRCE	233,540	$14.0m0.53%	0.53%	Reduced -4.7k	-4,714 -2.0%
45	AVANTOR INC COM AVTR	AVTR	530,733	$13.7m0.52%	0.52%	Reduced -49.4k	-49,445 -8.5%
46	CAMDEN PPTY TR SH BEN INT CPT	CPT	109,557	$13.5m0.51%	0.51%	Reduced -9.8k	-9,781 -8.2%
47	M & T BK CORP COM MTB	MTB	73,503	$13.1m0.50%	0.50%	Reduced -8.1k	-8,100 -9.9%
48	BOK FINL CORP COM NEW BOKF	BOKF	121,892	$12.8m0.48%	0.48%	Reduced -12.8k	-12,830 -9.5%
49	FIDELITY NATIONAL FINANCIAL FNF GROUP COM FNF	FNF	205,087	$12.7m0.48%	0.48%	Reduced -99.4k	-99,381 -32.6%
50	FIDELITY NATL INFORMATION SV COM FIS	FIS	151,169	$12.7m0.48%	0.48%	Reduced -69.5k	-69,499 -31.5%
51	BJS WHSL CLUB HLDGS INC COM BJ	BJ	151,542	$12.5m0.47%	0.47%	Reduced -13.2k	-13,222 -8.0%
52	FMC CORP COM NEW FMC	FMC	188,098	$12.4m0.47%	0.47%	Reduced -16.8k	-16,782 -8.2%
53	AMERICOLD REALTY TRUST INC COM COLD	COLD	438,101	$12.4m0.47%	0.47%	Reduced -41.3k	-41,311 -8.6%
54	CHARLES RIV LABS INTL INC COM CRL	CRL	62,498	$12.3m0.47%	0.47%	Reduced -4.5k	-4,547 -6.8%
55	ALLISON TRANSMISSION HLDGS I COM ALSN	ALSN	124,388	$11.9m0.45%	0.45%	Reduced -12.0k	-11,957 -8.8%
56	XCEL ENERGY INC COM XEL	XEL	179,013	$11.7m0.44%	0.44%	Reduced -15.1k	-15,120 -7.8%
57	GLOBAL PMTS INC COM GPN	GPN	107,768	$11.0m0.42%	0.42%	Reduced -6.7k	-6,667 -5.8%
58	EAGLE MATLS INC COM EXP	EXP	38,160	$11.0m0.42%	0.42%	Reduced -3.3k	-3,278 -7.9%
59	BAKER HUGHES COMPANY CL A BKR	BKR	301,370	$10.9m0.41%	0.41%	Reduced -24.3k	-24,251 -7.5%
60	LKQ CORP COM LKQ	LKQ	272,591	$10.9m0.41%	0.41%	Reduced -21.6k	-21,600 -7.3%
61	WILLSCOT HLDGS CORP COM CL A WSC	WSC	281,585	$10.6m0.40%	0.40%	Added +45.0k	+45,002 19.0%
62	AMERICAN FINL GROUP INC OHIO COM AFG	AFG	76,725	$10.3m0.39%	0.39%	Reduced -7.5k	-7,482 -8.9%
63	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	131,552	$10.2m0.39%	0.39%	Reduced -9.7k	-9,711 -6.9%
64	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	60,868	$9.8m0.37%	0.37%	Reduced -29.3k	-29,274 -32.5%
65	SENSATA TECHNOLOGIES HLDG PL SHS ST	ST	264,324	$9.5m0.36%	0.36%	Reduced -21.2k	-21,197 -7.4%
66	PROGRESSIVE CORP COM PGR	PGR	36,412	$9.2m0.35%	0.35%	Reduced -3.4k	-3,441 -8.6%
67	ALEXANDRIA REAL ESTATE EQ IN COM ARE	ARE	77,514	$9.2m0.35%	0.35%	Reduced -5.0k	-4,957 -6.0%
68	INTERPUBLIC GROUP COS INC COM IPG	IPG	265,370	$8.4m0.32%	0.32%	Reduced -32.6k	-32,580 -10.9%
69	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	52,283	$8.3m0.32%	0.32%	New
70	SNAP ON INC COM SNA	SNA	27,698	$8.0m0.30%	0.30%	Reduced -2.0k	-2,013 -6.8%
71	PAYCOM SOFTWARE INC COM PAYC	PAYC	46,836	$7.8m0.30%	0.30%	New
72	LOEWS CORP COM L	L	97,035	$7.7m0.29%	0.29%	Reduced -8.1k	-8,078 -7.7%
73	DOLLAR GEN CORP NEW COM DG	DG	85,597	$7.2m0.27%	0.27%	Added +21.2k	+21,188 32.9%
74	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	64,535	$7.0m0.26%	0.26%	Reduced -4.1k	-4,075 -5.9%
75	ISHARES TR CORE S&P500 ETF IVV	IVV	2,245	$1.3m0.05%	0.05%	Unchanged
76	MICROSOFT CORP COM MSFT	MSFT	900	$387.3k0.01%	0.01%	Unchanged
77	PREMIER INC CL A PINC	PINC	16,610	$332.2k0.01%	0.01%	Unchanged
78	INTUIT COM INTU	INTU	500	$310.5k0.01%	0.01%	Unchanged
79	AMERICAN EXPRESS CO COM AXP	AXP	1,100	$298.3k0.01%	0.01%	Unchanged
80	SPDR SER TR PORTFOLIO SHORT SPSB	SPSB	9,500	$287.7k0.01%	0.01%	Unchanged

Sold out since Q2 2024

Security	Ticker	Shares held before	Value then
NORTHERN TR CORP NTRS	NTRS	106,560	$8.9m106.6k shares
WEYERHAEUSER CO MTN BE WY	WY	264,198	$7.5m264.2k shares
LESLIES INC		1,473,569	$6.2m1.5m shares
STANLEY BLACK & DECKER INC SWK	SWK	67,605	$5.4m67.6k 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