The 24-year-old golfer shot a four-under 66 on Sunday and finished 10 under for the tournament to take home the showcase, the second consecutive year doing so.
There's a three-way tie for the lead through two rounds of the PGA's St. Jude Classic in Memphis.
Thompson, who started the day with a one-shot lead, led by four shots at the turn but stumbled on the back nine with four bogeys.
Reavie's round of 65, consisting of three birdies and an eagle, surged him up the leaderboard, while Schwartzel would have been sole leader had he not bogeyed his penultimate hole.
Stewart Cink, Ben Crane and Rafa Cabrera Bello started Sunday with a one-shot lead on a crowded leaderboard that included 12 players within three shots of the lead.
"I feel great, I feel like I broke through", she said.
The six-time PGA Tour victor wasn't very competitive from 2014 to 2016, with just one top 10 finish during those three years.
Labour leader Corbyn sees possible new United Kingdom election this year or next
He said his party would seek to vote down May's Queen's Speech, or programme for government , when she presented it to parliament. Results will come in over the next few hours for all 650 seats in the House of Commons. "Our leader needs to take stock as well".
"I am going to keep my game sharp the next couple of days but it's not looking good", he said regarding his chances of playing in the U.S. Open. Langer, who has already made almost $1.7 million this season, shot a second-round 71. Schwartzel shot 74 and Munoz 75.
Jodi Ewart Shadoff of England (69) was one shot back in fourth place.
LPGA: Lexi Thompson shot 67 for 17-under 199 and a one-stroke lead after the third round of the Manulife Classic in Cambridge, Ontario.
Aguilar had a three-stroke advantage but dropped a shot on the 18th to finish level par and remain 9-under for the tournament.
Fellow American Lindy Duncan was in second after a 67, followed by South Korea's In Gee Chun (68) another shot back.
Adam Scott is one of those players within five despite a round where he struggled to make progress and in fact lost ground with his one over 71.
Kevin Sutherland, who shared the first round lead with Day and money leader Bernhard Langer, is at 9-under.
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