REINHART PARTNERS, LLC.

MEQUON, WI · CIK 1080298 · 13F filing filed 2026-02-10

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)

$3.3bn reported value +8.6% vs Q3 2025

74positions

38.2%in top 10

4 new 28 added 40 reduced 4 sold out vs Q3 2025

Also in the report of:

Dorsey & Whitney Trust CO LLC – $400.8k of shares are in both reports

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

Holdings, Q4 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	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	77,814	$167.0m5.00%	5.00%	Added +7.6k	+7,566 10.8%
2	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	1,573,355	$145.9m4.37%	4.37%	Added +72.4k	+72,421 4.8%
3	YETI HLDGS INC COM YETI	YETI	3,035,561	$134.1m4.02%	4.02%	Added +373.6k	+373,641 14.0%
4	INTERDIGITAL INC COM IDCC	IDCC	417,639	$133.0m3.98%	3.98%	Added +5.3k	+5,293 1.3%
5	AXCELIS TECHNOLOGIES INC COM NEW ACLS	ACLS	1,589,898	$127.7m3.83%	3.83%	Reduced -20.4k	-20,434 -1.3%
6	SKYWARD SPECIALTY INS GROUP COM SKWD	SKWD	2,416,753	$123.5m3.70%	3.70%	Added +803.2k	+803,217 49.8%
7	FORMFACTOR INC COM FORM	FORM	2,152,348	$120.1m3.60%	3.60%	Reduced -252.5k	-252,506 -10.5%
8	ASSURED GUARANTY LTD COM AGO	AGO	1,262,698	$113.5m3.40%	3.40%	Added +132.4k	+132,351 11.7%
9	INSPERITY INC COM NSP	NSP	2,745,035	$106.3m3.18%	3.18%	Added +542.7k	+542,709 24.6%
10	LANTHEUS HLDGS INC COM LNTH	LNTH	1,562,576	$104.0m3.11%	3.11%	Added +214.8k	+214,820 15.9%
11	EURONET WORLDWIDE INC COM EEFT	EEFT	1,348,340	$102.6m3.07%	3.07%	Added +268.5k	+268,542 24.9%
12	HILLMAN SOLUTIONS CORP COM HLMN	HLMN	11,388,518	$98.6m2.95%	2.95%	Added +917.0k	+916,986 8.8%
13	PAYCOM SOFTWARE INC COM PAYC	PAYC	598,323	$95.4m2.86%	2.86%	Added +537.7k	+537,726 887.4%
14	LANDSTAR SYS INC COM LSTR	LSTR	661,078	$95.0m2.85%	2.85%	Added +79.8k	+79,785 13.7%
15	FRONTDOOR INC COM FTDR	FTDR	1,629,152	$94.0m2.81%	2.81%	Added +332.6k	+332,556 25.6%
16	FIRST AMERN FINL CORP COM FAF	FAF	1,514,442	$93.0m2.79%	2.79%	Reduced -83.6k	-83,565 -5.2%
17	WHITE MTNS INS GROUP LTD COM WTM	WTM	43,973	$91.4m2.74%	2.74%	Added +2.4k	+2,364 5.7%
18	CADRE HLDGS INC COM CDRE	CDRE	2,170,349	$88.6m2.65%	2.65%	Added +247.5k	+247,458 12.9%
19	MODINE MFG CO COM MOD	MOD	662,194	$88.4m2.65%	2.65%	Reduced -228.5k	-228,508 -25.6%
20	GRAND CANYON ED INC COM LOPE	LOPE	518,914	$86.3m2.58%	2.58%	Added +298.4k	+298,409 135.3%
21	U HAUL HOLDING COMPANY COM SER N UHAL.B	UHAL.B	1,822,577	$85.2m2.55%	2.55%	Added +75.1k	+75,118 4.3%
22	ADAPTHEALTH CORP COMMON STOCK AHCO	AHCO	8,100,785	$80.7m2.42%	2.42%	Added +773.7k	+773,727 10.6%
23	V2X INC COM VVX	VVX	1,429,211	$78.0m2.34%	2.34%	Added +539.2k	+539,209 60.6%
24	WINTRUST FINL CORP COM WTFC	WTFC	524,571	$73.3m2.20%	2.20%	Reduced -86.8k	-86,755 -14.2%
25	FIRST HAWAIIAN INC COM FHB	FHB	2,591,559	$65.6m1.96%	1.96%	Added +231.0k	+231,018 9.8%
26	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	671,964	$63.6m1.90%	1.90%	Added +68.4k	+68,427 11.3%
27	MAXIMUS INC COM MMS	MMS	725,269	$62.6m1.88%	1.88%	Reduced -196.3k	-196,309 -21.3%
28	ASGN INC COM EFOR	EFOR	1,206,940	$58.1m1.74%	1.74%	Added +134.5k	+134,513 12.5%
29	MADISON SQUARE GRDN SPRT COR CL A MSGS	MSGS	214,891	$55.6m1.66%	1.66%	New
30	ACI WORLDWIDE INC COM ACIW	ACIW	1,131,409	$54.1m1.62%	1.62%	Added +107.5k	+107,471 10.5%
31	INTERNATIONAL BANCSHARES COR COM IBOC	IBOC	739,340	$49.1m1.47%	1.47%	Added +72.0k	+72,025 10.8%
32	PAR TECHNOLOGY CORP COM PAR	PAR	1,309,860	$47.5m1.42%	1.42%	Added +410.2k	+410,183 45.6%
33	INDEPENDENT BK CORP MASS COM INDB	INDB	622,957	$45.5m1.36%	1.36%	Added +81.5k	+81,543 15.1%
34	ONESPAWORLD HOLDINGS LIMITED COM OSW	OSW	2,186,966	$45.4m1.36%	1.36%	New
35	ENCOMPASS HEALTH CORP COM EHC	EHC	372,764	$39.6m1.19%	1.19%	Added +10.2k	+10,213 2.8%
36	ELEMENT SOLUTIONS INC COM ESI	ESI	1,246,917	$31.2m0.93%	0.93%	Reduced -407.2k	-407,185 -24.6%
37	TRANSUNION COM TRU	TRU	106,243	$9.1m0.27%	0.27%	Reduced -14.9k	-14,858 -12.3%
38	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	93,593	$8.2m0.25%	0.25%	Reduced -35.2k	-35,239 -27.4%
39	AFFILIATED MANAGERS GROUP IN COM AMG	AMG	28,283	$8.2m0.24%	0.24%	Reduced -20.3k	-20,287 -41.8%
40	LPL FINL HLDGS INC COM LPLA	LPLA	20,876	$7.5m0.22%	0.22%	Reduced -7.3k	-7,289 -25.9%
41	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	36,337	$7.4m0.22%	0.22%	Reduced -13.7k	-13,703 -27.4%
42	DOLLAR GEN CORP NEW COM DG	DG	53,814	$7.1m0.21%	0.21%	Reduced -5.6k	-5,561 -9.4%
43	COCA COLA CONS INC COM COKE	COKE	45,078	$6.9m0.21%	0.21%	Reduced -16.8k	-16,780 -27.1%
44	REXFORD INDL RLTY INC COM REXR	REXR	171,221	$6.6m0.20%	0.20%	Reduced -67.3k	-67,310 -28.2%
45	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	45,657	$6.5m0.19%	0.19%	Reduced -15.6k	-15,584 -25.4%
46	TAPESTRY INC COM TPR	TPR	50,017	$6.4m0.19%	0.19%	Reduced -34.4k	-34,360 -40.7%
47	SMITH A O CORP COM AOS	AOS	94,938	$6.3m0.19%	0.19%	Reduced -10.0k	-10,030 -9.6%
48	XCEL ENERGY INC COM XEL	XEL	85,136	$6.3m0.19%	0.19%	Reduced -32.7k	-32,710 -27.8%
49	SENSATA TECHNOLOGIES HLDG PL SHS ST	ST	184,448	$6.1m0.18%	0.18%	Reduced -72.7k	-72,734 -28.3%
50	ALLISON TRANSMISSION HLDGS I COM ALSN	ALSN	61,694	$6.0m0.18%	0.18%	Reduced -21.9k	-21,871 -26.2%
51	CAMDEN PPTY TR SH BEN INT CPT	CPT	54,210	$6.0m0.18%	0.18%	Reduced -19.3k	-19,255 -26.2%
52	MICROCHIP TECHNOLOGY INC. COM MCHP	MCHP	89,591	$5.7m0.17%	0.17%	Reduced -32.4k	-32,434 -26.6%
53	FIDELITY NATIONAL FINANCIAL FNF GROUP COM FNF	FNF	103,770	$5.7m0.17%	0.17%	Reduced -34.8k	-34,793 -25.1%
54	AVANTOR INC COM AVTR	AVTR	484,963	$5.6m0.17%	0.17%	Reduced -202.8k	-202,842 -29.5%
55	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	63,950	$5.3m0.16%	0.16%	Reduced -22.0k	-22,007 -25.6%
56	EAGLE MATLS INC COM EXP	EXP	25,476	$5.3m0.16%	0.16%	Reduced -9.5k	-9,545 -27.3%
57	M & T BK CORP COM MTB	MTB	26,133	$5.3m0.16%	0.16%	Reduced -22.7k	-22,688 -46.5%
58	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	30,715	$5.0m0.15%	0.15%	Reduced -10.5k	-10,468 -25.4%
59	LKQ CORP COM LKQ	LKQ	164,341	$5.0m0.15%	0.15%	Reduced -64.9k	-64,878 -28.3%
60	FIDELITY NATL INFORMATION SV COM FIS	FIS	74,289	$4.9m0.15%	0.15%	Reduced -27.6k	-27,632 -27.1%
61	BJS WHSL CLUB HLDGS INC COM BJ	BJ	54,452	$4.9m0.15%	0.15%	Added +12.8k	+12,784 30.7%
62	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	49,362	$4.4m0.13%	0.13%	Reduced -21.3k	-21,324 -30.2%
63	ISHARES TR RUSSELL 2000 ETF IWM	IWM	17,135	$4.2m0.13%	0.13%	New
64	GLOBAL PMTS INC COM GPN	GPN	51,327	$4.0m0.12%	0.12%	Reduced -19.2k	-19,240 -27.3%
65	BAKER HUGHES COMPANY CL A BKR	BKR	80,036	$3.6m0.11%	0.11%	Reduced -29.2k	-29,159 -26.7%
66	BOK FINL CORP COM NEW BOKF	BOKF	30,190	$3.6m0.11%	0.11%	Reduced -34.0k	-34,003 -53.0%
67	AMERICOLD REALTY TRUST INC COM COLD	COLD	274,127	$3.5m0.11%	0.11%	Reduced -111.8k	-111,791 -29.0%
68	AMERICAN FINL GROUP INC OHIO COM AFG	AFG	25,504	$3.5m0.10%	0.10%	Reduced -26.1k	-26,127 -50.6%
69	MARRIOTT INTL INC NEW CL A MAR	MAR	9,712	$3.0m0.09%	0.09%	Reduced -3.7k	-3,705 -27.6%
70	PROGRESSIVE CORP COM PGR	PGR	13,093	$3.0m0.09%	0.09%	Reduced -4.7k	-4,744 -26.6%
71	SNAP ON INC COM SNA	SNA	8,477	$2.9m0.09%	0.09%	Reduced -3.2k	-3,194 -27.4%
72	ISHARES TR CORE S&P500 ETF IVV	IVV	2,245	$1.5m0.05%	0.05%	Unchanged
73	ISHARES TR RUS MDCP VAL ETF IWS	IWS	4,055	$572.0k0.02%	0.02%	New
74	SPDR SER TR PORTFOLIO SHORT SPSB	SPSB	9,500	$286.9k0.01%	0.01%	Unchanged

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
MARCUS & MILLICHAP INC MMI	MMI	2,208,439	$64.8m2.2m shares
AIR LEASE CORP AL	AL	679,191	$43.2m679.2k shares
GXO LOGISTICS INCORPORATED GXO	GXO	731,173	$38.7m731.2k shares
WILLSCOT HLDGS CORP WSC	WSC	96,254	$2.0m96.3k 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