Superworth

Reinhart Partners

Mid and small cap value

Mid and small cap value: buys durable businesses below what a private buyer would pay for the whole company, with a margin of safety.

US stock portfolio
$4.4B
Positions
72
Quarter
Q2 2026
13F filed with the SEC
In its top 10
40%
Active share
96%
different from S&P Completion
Turnover a year
12%
Median holding
3.8 yrs

How the picks did

Beat its closest index (mostly the Russell Midcap Value) by 3.7 pts a year over 5 years (19 quarters).

  • Reinhart Partners11.8% a year
  • Russell Midcap Value8.1% a year
How this is measured

Each 13F report is held from the week it was filed to the week of the next, priced weekly without dividends, and compared with the price of an ETF tracking the index it was closest to that quarter. No shorts, cash, bonds or options. Small and delisted companies we do not price are left out, and a quarter counts only when 70% or more of the portfolio is priced. Past results say nothing about future ones.

13F shows US long stock positions only, filed up to 45 days after the quarter.

Largest holdings

Each tile's size is its share of the portfolio at the end of Q2 2026. Green was bought or added to that quarter, red trimmed.

SIMO7.4%
LNTH4.1%ACLS4.0%FCNCA4.0%SKWD3.9%YETI3.7%PAYC3.5%MOD3.4%NSP3.1%FTDR3.0%IDCC3.0%LOPE2.9%ACIW2.8%EEFT2.7%

What changed in Q2 2026

Sold

Its bets against S&P Completion

Holds much more than the index

Holds much less, or none

Funds it runs

JMSJNL Multi-Manager Small Cap Value Fund
Small and mid blend
Net assets
$2B
Stocks
543
Active share
80%

JNL Small Cap Index Fund 4%, SIMO 2%, WTM 1%

RPMAXReinhart Genesis PMV Fund
Small and mid blend
Net assets
$714.2M
Stocks
37
Active share
98%

SIMO 7%, PAYC 4%, FCNCA 4%

ESCQXEmbark Small Cap Equity Fund
Small and mid blend
Net assets
$630.3M
Stocks
311
Active share
82%

SIMO 2%, FIBK 1%, RDNT 1%

RPMMXReinhart Mid Cap PMV Fund
Mid value
Net assets
$88M
Stocks
42
Active share
95%

PAYC 4%, ST 4%, AMG 3%

RPMYXReinhart International PMV Fund
International
Net assets
$2.3M
Stocks
29
Active share
95%

SIMO 10%, Icon plc 5%, Mercari Inc 5%

By sector

  • Financial Services29%
  • Technology21%
  • Consumer Cyclical18%

Every position, Q2 2026

CompanyShare of portfolioValueChange
SIMOSilicon Motion Technology CORP7.35%$322Mtrimmed
LNTHLantheus4.05%$177.4Madded
ACLSAxcelis Technologies4.02%$175.9Mtrimmed
FCNCAFirst Citizens BancShares4.00%$175.3Madded
SKWDSkyward Specialty Insurance3.86%$168.9Madded
YETIYETI3.71%$162.4Madded
PAYCPaycom Software3.50%$153.3Madded
MODModine Manufacturing3.39%$148.4Mtrimmed
NSPInsperity3.12%$136.5Madded
FTDRFrontdoor2.98%$130.7Madded
IDCCInterDigital2.98%$130.4Madded
LOPEGrand Canyon Education2.88%$126.4Madded
ACIWACI Worldwide2.78%$121.9Madded
EEFTEuronet Worldwide2.72%$119.1Madded
LSTRLandstar System2.69%$117.7Mtrimmed
UHALU-Haul2.57%$112.6Madded
OSWONESPAWORLD HOLDINGS2.56%$111.9Madded
MMSMaximus2.43%$106.6Madded
FAFFirst American Financial2.43%$106.5Madded
VVXV2X2.39%$104.9Mtrimmed
FORMFormfactor2.34%$102.3Mtrimmed
AGOAssured Guaranty2.28%$99.9Mtrimmed
HLMNHillman Solutions2.15%$94.2Mtrimmed
DORMDorman Products2.13%$93.4Mnew
WTMWhite Mountains Insurance2.11%$92.3Madded
RHPRyman Hospitality Properties2.09%$91.4Madded
MSGSMadison Square Garden Sports2.05%$89.7Mtrimmed
WTFCWintrust Financial1.93%$84.7Madded
CDRECadre1.78%$78.1Madded
FHBFirst Hawaiian1.78%$78Madded
AHCOAdaptHealth1.76%$77.3Mtrimmed
OIIOceaneering International1.53%$66.8Mnew
COLDAmericold Realty Trust1.31%$57.6Madded
IBOCInternational Bancshares1.30%$56.9Madded
Independent BK CP Mass COM1.26%$55.1Madded
ICUIICU Medical1.05%$46.1Mnew
EHCEncompass Health1.00%$44Madded
STSensata Technologies0.18%$7.7Mtrimmed
COKECoca-Cola Consolidated0.17%$7.5Mtrimmed
AYIAcuity Inc. (de)0.17%$7.4Mtrimmed
MCHPMicrochip Technology0.16%$7.1Mtrimmed
CPTCamden Property Trust0.16%$6.9Madded
KEYSKeysight Technologies0.15%$6.7Mtrimmed
AMGAffiliated Managers0.15%$6.7Mtrimmed
TRUTransUnion0.15%$6.6Mtrimmed
TPRTapestry0.15%$6.4Mtrimmed
XELXcel Energy0.14%$6Mtrimmed
AOSSmith A O0.13%$5.8Mtrimmed
DGDollar General0.12%$5.4Mtrimmed
ICEIntercontinental Exchange0.12%$5.3Madded
SFMSprouts Farmers Market0.12%$5.3Mtrimmed
SSNCSS&C Technologies0.12%$5.2Madded
LPLALPL Financial0.12%$5.2Mtrimmed
EXPEagle Materials0.12%$5.1Mtrimmed
FNFFidelity National Financial0.11%$5Mtrimmed
REXRRexford Industrial Realty0.11%$5Mtrimmed
BJBJ's Wholesale Club0.09%$4.1Mtrimmed
AFGAmerican Financial0.09%$4.1Mtrimmed
MTBM&T Bank0.09%$4Mtrimmed
ALSNAllison Transmission0.09%$4Mtrimmed
BKRBaker Hughes0.09%$3.9Mtrimmed
LYVLive Nation Entertainment0.08%$3.7Mtrimmed
BOKFBOK Financial0.08%$3.6Mtrimmed
AEISAdvanced Energy Industries0.08%$3.4Mnew
MARMarriott International0.07%$3.1Mtrimmed
PGRProgressive0.06%$2.6Mtrimmed
FISFidelity National Information Services0.05%$2.4Mtrimmed
DUOLDuolingo0.05%$2.4Mtrimmed
CPRTCopart0.05%$2.1Mnew
CTSHCognizant Technology Solutions0.05%$2Mtrimmed
Ishares TR S&P 500 Index0.04%$1.7M
SPDR SER TR Portfolio Short0.01%$285.1K

About these numbers

A 13F lists a manager's US stock positions at the end of a quarter and is filed up to 45 days later. It leaves out shorts, cash, bonds and most non-US holdings, so it is a picture of the stock book, not the whole firm. The filings on SEC EDGAR