Heartland Mid Cap Value Fund’s Q2 2026 Investor Letter

Heartland Advisors, an investment management company, released its second-quarter 2026 investor letter for “Heartland Mid Cap Value Fund”. Mid-cap stocks sharply rose in the second quarter, driven by perceived AI beneficiaries, particularly in Technology. The Fund returned 9.90% in the quarter, compared to the Russell Midcap Value Index’s 13.40% return. The underperformance was driven by negative stock selection in the Technology sector despite it being one of the top absolute...