Heartland Value Plus Fund’s Q3 2021 Investor Letter

Heartland Advisors, an investment management firm, published its “Heartland Value Plus Fund” third-quarter 2021 investor letter – a copy of which can be seen here. The inflating bubble in large growth companies early in the quarter continued to drain oxygen from value stocks, and the portfolio was off modestly and lagged its benchmark, the Russell 2000® Value Index. Stock selection in Utilities was strong on a relative basis as were holdings in the Financials sector. The portfolio’s holdings in Health Care were down but outperformed the benchmark average for the group.   You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.