Heartland Advisors Mid Cap Value Fund’s Q1 2023 Investor Letter

Heartland Advisors, an investment management company, released its “Heartland Mid Cap Value Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the portfolio returned 3.07% compared to a 1.32% gain for the Russell Midcap Value Index. During the quarter the company shifted its focus to beaten-down shares of well-run businesses believing that it would benefit if the market became less fearful of the business cycle. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.