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 contributors. In the challenging environment, the Fund remains focused on its disciplined approach to...
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