Heartland Advisors

Overview

Heartland Advisors is an independently owned investment management firm based in Milwaukee, Wisconsin, specializing in value investing strategies. The firm manages approximately $1.9 billion in assets, focusing on U.S. stocks from the micro through mid-cap range. Since its founding in 1984, Heartland has analyzed companies using its proprietary 10 Principles of Value Investing™, aiming for consistent relative outperformance versus peer groups and benchmarks. The firm's investment approach is grounded in the principles of value investing, emphasizing long-term growth and stability. Heartland Advisors is known for its employee-owned structure, fostering a culture of ownership and accountability among its team members. The firm has a history of community involvement, supporting various initiatives that enhance the strength and vibrancy of the world around them. Heartland Advisors' investment philosophy is rooted in the teachings of Benjamin Graham, whose book, The Intelligent Investor, serves as the foundation for their approach to value investing. The firm is committed to constant improvement and strives to provide value-driven investment solutions to its clients. Heartland Advisors' team collectively owned over $48 million in their funds as of December 31, 2025, reflecting their confidence in the firm's investment strategies and alignment with client interests. The firm's culture emphasizes constant, never-ending improvement (CNEI), encouraging team members to engage in continuous learning and development to better serve their clients. Heartland Advisors' investment strategies are designed to seek consistent relative outperformance versus their peer groups and benchmarks, focusing on long-term value creation.

Investment Focus

• Accredited investors only

Portfolio Companies