Heartland Advisors Small Cap Value Strategy’s Q4 2022 Investor Letter

Heartland Advisors, an investment management company, released its “Heartland Small Cap Value Strategy” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy posted a 6.21% (Net of Advisory Fees) gain compared to an 8.42% gain for the Russell 2000 Value Index. Security selection primarily in Financials, Real Estate, Information Technology, and Industrials helped the strategy’s performance through 2022. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.