Heartland Opportunistic Value Equity Strategy Initiated a Position in Applied Materials (AMAT) in Q2

Heartland Advisors, an investment management company, released its “Heartland Opportunistic Value Equity Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the quarter, investors' sentiments shifted to a more optimistic tone as concerns about a recession were overblown. The strategy returned 0.65% in the quarter, compared to a 3.84% return for the Russell 3000® Value Index. Stock selection was negative in 7 of the 11 sectors, primarily driven by the Industrials and Financials sectors. In addition, you can check the fund’s top 5 holdings to...