J.B. Hunt Transportation Services (JBHT) Slipped About 19% in Q2

Heartland Advisors, an investment management company, released its “Heartland Mid Cap Value Fund” second quarter 2024 investor letter. A copy of the letter can be downloaded here. It has been difficult to reflect on how the market has behaved recently because each month of this year has felt unique. The second quarter was no different. The fund fell 4.12% in the quarter compared to the Russell Midcap® Value Index’s 3.40% decline. Negative selection effect across seven sectors, led by...