Heartland Advisors Mid Cap Value Fund’s Q2 2023 Investor Letter

Heartland Advisors, an investment management company, released its “Heartland Mid Cap Value Fund” second quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the portfolio returned 4.78% compared to a 3.86% gain for the Russell Midcap Value Index. Stock selection mainly in the Technology, Consumer Discretionary, and Utilities sectors led the fund to outperform in the quarter. The fund’s consistent performance was due to the positive stock selection in seven of the eleven sectors. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.