Heartland Mid Cap Value Fund’s Q3 2021 Investor Letter

Heartland Advisors, an investment management firm, published its “Heartland Mid Cap Value Fund” third-quarter 2021 investor letter – a copy of which can be seen here. Security selection was mixed with holdings in Real Estate and Financials leading on the upside, but the Strategy lagged its Russell Mid Cap® Value Index benchmark for the period. Holdings in Materials detracted from relative performance. The portfolio continued to outpace its benchmark year to date through September 30. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.