Heartland Value Plus Fund’s Q4 2025 Investor Letter

Heartland Advisors, an investment management company, released its “Heartland Value Plus Fund” fourth-quarter 2025 investor letter. In the fourth quarter, the market’s gains continued to widen, as small value stocks outpaced the Magnificent 7, and the artificial intelligence (AI) trade pulled back in November amid concerns about overinvestment and a reassessment of who will benefit from this disruptive technology. The firm is finding opportunities in firms that were overlooked but...