Heartland Value Fund’s Q1 2026 Investor Letter

Heartland Advisors, an investment management company, released its first-quarter 2026 investor letter for “Heartland Value Fund”. At the beginning of the year, small caps outperformed large caps by a wide margin; however, increasing geopolitical risks in March led investors to favor larger-cap companies perceived as safer.  The firm is optimistic about the long-term prospects ahead for small value stocks. The Fund appreciated 7.35% in the first quarter compared with the 4.96% return for the Russell 2000® Value Index. Stock selection contributed to the Fund’s outperformance in the...