Heartland Mid Cap Value Fund’s Q1 2026 Investor Letter

Heartland Advisors, an investment management company, released its first-quarter 2026 investor letter for “Heartland Mid Cap Value Fund”. Mid-cap stocks experienced initial gains due to improved market breadth; however, increasing geopolitical risks led investors to favor larger-cap companies perceived as safer. The firm remains committed to a valuation-driven strategy to navigate short-term risks while seeking long-term opportunities. The fund returned 4.09% in the quarter, outpacing the Russell Midcap® Value Index’s 3.68% return. Stock selection drove the outperformance, with notable contributions from Financials, Consumer Discretionary, and Information Technology. In addition, you can check the Fund’s top 5 holdings to determine its best picks for 2026.

A copy of Heartland Mid Cap Value Fund’s Q1 2026 investor letter can be downloaded here.