Heartland Value Fund’s Q2 2022 Investor Letter

Heartland Advisors, an investment management firm, published its “Heartland Value Fund” second-quarter 2022 investor letter – a copy of which can be downloaded here. The ever-popular NASDAQ Composite was hit hard, dropping -30% year to date, while the S&P 500 Index fell by -20%. Many unprofitable companies, once valued in the billions, have plummeted -50%, -75%, or more, from their recent highs. Small value stocks were not spared but held up better, with the Russell 2000 Value Index off -17.3% and the Heartland Small Cap Value Strategy down -14.2% year to date. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.