Heartland Advisors, an investment management company, released its third-quarter 2026 investor letter for “Heartland Value Fund”. The letter can be downloaded here. In the third quarter, small stocks faced challenges as macroeconomic concerns, particularly rising interest rates and geopolitical issues, impacted the market, pushing the Russell 2000 Value Index down 4.91% (vs. S&P 500 +2.30%) and the Heartland Value Fund down 6.96%. The fund posted mixed sector outcomes, with drag in...
