Heartland Advisors Value Fund’s Q3 2023 Investor Letter

Heartland Advisors, an investment management company, released its “Heartland Value Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. During the quarter the fund outperformed the Russell 2000 Value Index returning -1.02% versus -2.96% for the benchmark. The Fund generated gains in Energy, Utilities, and Financials owing largely to stock selection despite a difficult market. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.