REINHART PARTNERS, LLC.

MEQUON, WI · CIK 1080298 · 13F filing filed 2025-10-28

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)

$3.1bn reported value +5.1% vs Q2 2025

74positions

38.8%in top 10

2 new 24 added 46 reduced 2 sold out vs Q2 2025

Also in the report of:

Dorsey & Whitney Trust CO LLC – $304.4k of shares are in both reports

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

Holdings, Q3 2025

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	AXCELIS TECHNOLOGIES INC COM NEW ACLS	ACLS	1,610,332	$157.2m5.11%	5.11%	Added +91.8k	+91,788 6.0%
2	INTERDIGITAL INC COM IDCC	IDCC	412,346	$142.4m4.63%	4.63%	Added +3.0k	+3,030 0.7%
3	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	1,500,934	$142.3m4.63%	4.63%	Added +29.4k	+29,351 2.0%
4	MODINE MFG CO COM MOD	MOD	890,702	$126.6m4.12%	4.12%	Reduced -200.9k	-200,859 -18.4%
5	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	70,248	$125.7m4.09%	4.09%	Added +969	+969 1.4%
6	INSPERITY INC COM NSP	NSP	2,202,326	$108.4m3.52%	3.52%	Added +415.4k	+415,373 23.2%
7	FIRST AMERN FINL CORP COM FAF	FAF	1,598,007	$102.7m3.34%	3.34%	Added +380.7k	+380,744 31.3%
8	HILLMAN SOLUTIONS CORP COM HLMN	HLMN	10,471,532	$96.1m3.13%	3.13%	Added +418.3k	+418,313 4.2%
9	ASSURED GUARANTY LTD COM AGO	AGO	1,130,347	$95.7m3.11%	3.11%	Reduced -8.1k	-8,051 -0.7%
10	EURONET WORLDWIDE INC COM EEFT	EEFT	1,079,798	$94.8m3.08%	3.08%	Added +181.9k	+181,888 20.3%
11	U HAUL HOLDING COMPANY COM SER N UHAL.B	UHAL.B	1,747,459	$88.9m2.89%	2.89%	Reduced -4.8k	-4,811 -0.3%
12	YETI HLDGS INC COM YETI	YETI	2,661,920	$88.3m2.87%	2.87%	Added +519.1k	+519,102 24.2%
13	FORMFACTOR INC COM FORM	FORM	2,404,854	$87.6m2.85%	2.85%	Added +500.2k	+500,156 26.3%
14	FRONTDOOR INC COM FTDR	FTDR	1,296,596	$87.2m2.84%	2.84%	Reduced -577.1k	-577,106 -30.8%
15	MAXIMUS INC COM MMS	MMS	921,578	$84.2m2.74%	2.74%	Added +7.7k	+7,722 0.8%
16	WINTRUST FINL CORP COM WTFC	WTFC	611,326	$81.0m2.63%	2.63%	Reduced -140.2k	-140,155 -18.6%
17	SKYWARD SPECIALTY INS GROUP COM SKWD	SKWD	1,613,536	$76.7m2.50%	2.50%	Added +654.5k	+654,500 68.2%
18	LANDSTAR SYS INC COM LSTR	LSTR	581,293	$71.2m2.32%	2.32%	Added +155.3k	+155,260 36.4%
19	CADRE HLDGS INC COM CDRE	CDRE	1,922,891	$70.2m2.28%	2.28%	New
20	WHITE MTNS INS GROUP LTD COM WTM	WTM	41,609	$69.6m2.26%	2.26%	Reduced -85	-85 -0.2%
21	LANTHEUS HLDGS INC COM LNTH	LNTH	1,347,756	$69.1m2.25%	2.25%	Reduced -55.9k	-55,903 -4.0%
22	ADAPTHEALTH CORP COMMON STOCK AHCO	AHCO	7,327,058	$65.6m2.13%	2.13%	Added +14.4k	+14,432 0.2%
23	MARCUS & MILLICHAP INC COM MMI	MMI	2,208,439	$64.8m2.11%	2.11%	Reduced -6.3k	-6,340 -0.3%
24	FIRST HAWAIIAN INC COM FHB	FHB	2,360,541	$58.6m1.91%	1.91%	Added +17.2k	+17,241 0.7%
25	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	603,537	$54.1m1.76%	1.76%	Added +8.3k	+8,253 1.4%
26	ACI WORLDWIDE INC COM ACIW	ACIW	1,023,938	$54.0m1.76%	1.76%	Added +36.9k	+36,897 3.7%
27	V2X INC COM VVX	VVX	890,002	$51.7m1.68%	1.68%	Added +599.9k	+599,921 206.8%
28	ASGN INC COM EFOR	EFOR	1,072,427	$50.8m1.65%	1.65%	Added +53.0k	+53,021 5.2%
29	GRAND CANYON ED INC COM LOPE	LOPE	220,505	$48.4m1.57%	1.57%	Reduced -61.8k	-61,776 -21.9%
30	ENCOMPASS HEALTH CORP COM EHC	EHC	362,551	$46.1m1.50%	1.50%	Reduced -90.6k	-90,568 -20.0%
31	INTERNATIONAL BANCSHARES COR COM IBOC	IBOC	667,315	$45.9m1.49%	1.49%	Reduced -121.1k	-121,103 -15.4%
32	AIR LEASE CORP CL A AL	AL	679,191	$43.2m1.41%	1.41%	Reduced -403.7k	-403,669 -37.3%
33	ELEMENT SOLUTIONS INC COM ESI	ESI	1,654,102	$41.6m1.35%	1.35%	Added +3.5k	+3,478 0.2%
34	GXO LOGISTICS INCORPORATED COMMON STOCK GXO	GXO	731,173	$38.7m1.26%	1.26%	Added +9.3k	+9,255 1.3%
35	INDEPENDENT BK CORP MASS COM INDB	INDB	541,414	$37.5m1.22%	1.22%	Added +33.7k	+33,718 6.6%
36	PAR TECHNOLOGY CORP COM PAR	PAR	899,677	$35.6m1.16%	1.16%	Added +15.9k	+15,885 1.8%
37	PAYCOM SOFTWARE INC COM PAYC	PAYC	60,597	$12.6m0.41%	0.41%	Reduced -3.3k	-3,324 -5.2%
38	AFFILIATED MANAGERS GROUP IN COM AMG	AMG	48,570	$11.6m0.38%	0.38%	Reduced -15.8k	-15,840 -24.6%
39	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	128,832	$11.4m0.37%	0.37%	Reduced -6.6k	-6,566 -4.8%
40	TRANSUNION COM TRU	TRU	121,101	$10.1m0.33%	0.33%	Reduced -5.7k	-5,723 -4.5%
41	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	61,241	$10.0m0.33%	0.33%	Reduced -3.2k	-3,151 -4.9%
42	REXFORD INDL RLTY INC COM REXR	REXR	238,531	$9.8m0.32%	0.32%	Reduced -12.3k	-12,336 -4.9%
43	M & T BK CORP COM MTB	MTB	48,821	$9.6m0.31%	0.31%	Reduced -2.8k	-2,795 -5.4%
44	TAPESTRY INC COM TPR	TPR	84,377	$9.6m0.31%	0.31%	Reduced -62.5k	-62,514 -42.6%
45	XCEL ENERGY INC COM XEL	XEL	117,846	$9.5m0.31%	0.31%	Reduced -6.2k	-6,231 -5.0%
46	LPL FINL HLDGS INC COM LPLA	LPLA	28,165	$9.4m0.30%	0.30%	Reduced -1.6k	-1,551 -5.2%
47	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	50,040	$8.8m0.28%	0.28%	Reduced -2.4k	-2,427 -4.6%
48	AVANTOR INC COM AVTR	AVTR	687,805	$8.5m0.28%	0.28%	Added +119.5k	+119,476 21.0%
49	FIDELITY NATIONAL FINANCIAL FNF GROUP COM FNF	FNF	138,563	$8.4m0.27%	0.27%	Reduced -7.9k	-7,923 -5.4%
50	EAGLE MATLS INC COM EXP	EXP	35,021	$8.2m0.27%	0.27%	Reduced -2.2k	-2,169 -5.8%
51	SENSATA TECHNOLOGIES HLDG PL SHS ST	ST	257,182	$7.9m0.26%	0.26%	Reduced -16.2k	-16,170 -5.9%
52	CAMDEN PPTY TR SH BEN INT CPT	CPT	73,465	$7.8m0.26%	0.26%	Reduced -3.8k	-3,843 -5.0%
53	MICROCHIP TECHNOLOGY INC. COM MCHP	MCHP	122,025	$7.8m0.25%	0.25%	Reduced -6.4k	-6,356 -5.0%
54	SMITH A O CORP COM AOS	AOS	104,968	$7.7m0.25%	0.25%	Reduced -4.3k	-4,292 -3.9%
55	AMERICAN FINL GROUP INC OHIO COM AFG	AFG	51,631	$7.5m0.24%	0.24%	Reduced -2.2k	-2,181 -4.0%
56	COCA COLA CONS INC COM COKE	COKE	61,858	$7.2m0.24%	0.24%	New
57	BOK FINL CORP COM NEW BOKF	BOKF	64,193	$7.2m0.23%	0.23%	Reduced -3.8k	-3,822 -5.6%
58	ALLISON TRANSMISSION HLDGS I COM ALSN	ALSN	83,565	$7.1m0.23%	0.23%	Reduced -4.7k	-4,701 -5.3%
59	LKQ CORP COM LKQ	LKQ	229,219	$7.0m0.23%	0.23%	Reduced -12.7k	-12,734 -5.3%
60	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	70,686	$7.0m0.23%	0.23%	Reduced -3.1k	-3,109 -4.2%
61	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	41,183	$6.9m0.23%	0.23%	Reduced -2.1k	-2,064 -4.8%
62	FIDELITY NATL INFORMATION SV COM FIS	FIS	101,921	$6.7m0.22%	0.22%	Reduced -5.6k	-5,556 -5.2%
63	DOLLAR GEN CORP NEW COM DG	DG	59,375	$6.1m0.20%	0.20%	Reduced -5.3k	-5,285 -8.2%
64	GLOBAL PMTS INC COM GPN	GPN	70,567	$5.9m0.19%	0.19%	Reduced -3.1k	-3,063 -4.2%
65	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	85,957	$5.8m0.19%	0.19%	Reduced -4.6k	-4,645 -5.1%
66	BAKER HUGHES COMPANY CL A BKR	BKR	109,195	$5.3m0.17%	0.17%	Reduced -104.2k	-104,191 -48.8%
67	AMERICOLD REALTY TRUST INC COM COLD	COLD	385,918	$4.7m0.15%	0.15%	Reduced -23.9k	-23,856 -5.8%
68	PROGRESSIVE CORP COM PGR	PGR	17,837	$4.4m0.14%	0.14%	Reduced -715	-715 -3.9%
69	SNAP ON INC COM SNA	SNA	11,671	$4.0m0.13%	0.13%	Reduced -765	-765 -6.2%
70	BJS WHSL CLUB HLDGS INC COM BJ	BJ	41,668	$3.9m0.13%	0.13%	Reduced -1.3k	-1,347 -3.1%
71	MARRIOTT INTL INC NEW CL A MAR	MAR	13,417	$3.5m0.11%	0.11%	Reduced -893	-893 -6.2%
72	WILLSCOT HLDGS CORP COM CL A WSC	WSC	96,254	$2.0m0.07%	0.07%	Reduced -4.6k	-4,551 -4.5%
73	ISHARES TR CORE S&P500 ETF IVV	IVV	2,245	$1.5m0.05%	0.05%	Unchanged
74	SPDR SER TR PORTFOLIO SHORT SPSB	SPSB	9,500	$287.8k0.01%	0.01%	Unchanged

Sold out since Q2 2025

Security	Ticker	Shares held before	Value then
GMS INC		643,256	$70.0m643.3k shares
ISHARES TR IWM	IWM	88,411	$19.1m88.4k 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