Heartland Advisors, an investment management company, released its “Heartland Value Plus Fund” second quarter 2025 investor letter. A copy of the letter can be downloaded here. Although the second quarter was another tough period for small stocks, the firm is becoming more optimistic that the environment is getting better. The fund gained 1.86% in the second quarter, compared with the 4.97% gain for the Russell 2000 Value Index. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its second quarter 2025 investor letter, Heartland Value...
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