Investment Team

  • Organizational Structure
  • Investment Professionals
  • Trading Professionals
  • Investing Perspectives

Heartland Advisors Value Investing Team IconThe Investment Team includes portfolio managers, research analysts, and traders. The Team applies Heartland’s value investing philosophy and disciplined investment process, the 10 Principles of Value Investing™, to manage the four domestic and one international Heartland Funds and four separately managed account strategies.

The team collectively has about 260 years of industry experience, with almost 160 of those years obtained at Heartland, as of September 30, 2018.

Portfolio managers and research analysts work side-by-side to apply a bottom-up approach that combines traditional fundamental analysis and meetings with management, competitors, and end clients of the businesses we consider for investment. Collaboration allows the Investment Team to cross-cover sectors and companies, generate a significant amount of internal research, and challenge investment ideas from multiple perspectives.

We believe the Investment Team’s interests are aligned with our clients because the Team, along with other Heartland team members, collectively owned about $26 million in the Heartland Funds as of September 30, 2018.

Organizational Structure


Heartland Advisors Value Investing Portfolio Management Team Org Chart

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Investment Professionals

Heartland Advisors Value Investing Research Analyst Michael Ebeling

Michael P. Ebeling

Ebeling, CFA, is a Research Analyst. He has 12 years of industry experience, 2 at Heartland.

Heartland Advisors Value Investing Portfolio Manager Bradford A. Evans

Bradford A. Evans

Evans, CFA, is Senior Vice President and Portfolio Manager of the Value Plus Fund and its corresponding separately managed account strategy. He has 22 years of industry experience, 19 at Heartland.

Heartland Advisors Value Investing Research Analyst Andrew Fleming

Andrew J. Fleming

Fleming, CFA, is Vice President and Portfolio Manager of the Value Plus Fund and its corresponding separately managed account strategy. He has 9 years of industry experience, 6 at Heartland.

Heartland Advisors Value Investing Research Analyst Troy McGlone

Troy McGlone

McGlone, CFA, is a Research Analyst. He has 10 years of industry experience, 4 at Heartland.

Heartland Advisors Value Investing Portfolio Manager Colin McWey

Colin McWey

McWey, CFA, is Vice President and Portfolio Manager of the Select Value and Mid Cap Value Funds and their corresponding separately managed account strategies. He has 16 years of industry experience, 9 at Heartland.

Heartland Advisors Value Investing Research Analyst Eric Miller

Eric Miller

Miller is Vice President and Portfolio Manager of the Heartland Value Fund and its corresponding separately managed account strategy. He has 24 years of industry experience, 15 at Heartland.

Heartland Advisors Value Investing Portfolio Manager Bill Nasgovitz

Bill Nasgovitz

Nasgovitz is Chairman and Portfolio Manager of the Value Fund and its corresponding separately managed account strategy. He also is President and Director of Heartland Funds. He has 50 years of industry experience, 35 at Heartland.

Heartland Advisors Value Investing Portfolio Manager Will Nasgovitz

Will Nasgovitz

Nasgovitz is CEO and Portfolio Manager of the Select Value and Mid Cap Value Funds and their corresponding separately managed account strategies. He also is CEO of Heartland Funds. He has 18 years of industry experience, 14 at Heartland.

Heartland Advisors Value Investing Research Analyst Nathaniel Penn

Nathaniel Penn

Penn* is a Research Analyst. He has 2 years of industry experience, all at Heartland.

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Trading Professionals

Heartland Advisors Value Investing Equity Trading Team Kevin Clark

Kevin D. Clark

Clark is Senior Vice President of Equity Trading. He has 34 years of industry experience, 25 at Heartland.

Heartland Advisors Value Investing Equity Trading Team Matthew Miner

Matthew Miner

Miner, CFA, is Vice President and Director of Equity Trading. He has 26 years of industry experience, 21 at Heartland.

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Investing Perspectives

Video
11/18 - 2:21 & 2:00
Heartland Advisors Value Investing CEO Will Nasgovitz

Navigating Risky Terrain

Bad things happen to great companies. Here’s how we seek to mitigate unforeseen risks while focusing on company strengths.

Press Release
11/20/18
Heartland Advisors Mid Cap Value Strategy Portfolio Management Team

Heartland Awarded a 'Top Guns' Designation

The Mid Cap Value Strategy received accolade from Informa Investment Solutions' PSN manager database.

Water & Wells
11/12/2018
Heartland Advisors Value Investing Portfolio Manager Bradford A. Evans

Challenges of a Post-Peak World

A look at how inflecting profit margins may ratchet up risk for borrowers.

Video
10/18 - 2:32
Heartland Mid Cap Value Fund Portfolio Manager Colin McWey

Dipping into the Value Well with 2 Buckets

The scenarios we look for when evaluating value and deep value stocks in the mid-cap space.

Water & Wells
10/19/18
Heartland Advisors Value Investing Portfolio Manager Colin McWey

Yield: Pumping the Brakes on Growth Stocks

Why yields on the 10-year Treasury may be welcome news to value investors.

Heartland in the News
10/19/18
Heartland Advisors Value Investing Portfolio Manager Andrew Fleming

Why Fundamentals are Key to Navigating Today’s Cross Currents

Portfolio Manager Andrew J. Fleming, CFA, shares how a conflicted macro backdrop has spurred investors to once again chase momentum.

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Heartland in the News
10/5/2018
Water & Wells
7/19/2018
Heartland in the News
7/6/2018
Heartland in the News
6/27/18
Heartland in the News
6/26/18
Heartland in the News
5/10/18
Heartland in the News
2/16/18
Heartland in the News
2/12/18
Video
12/17 - 3:05

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©2018 Heartland Advisors | 789 N. Water Street, Suite 500, Milwaukee, WI 53202 | Business Office: 414-347-7777 | Financial Professionals: 888-505-5180 | Individual Investors: 800-432-7856

Portfolio holdings are subject to change without notice. Current and future portfolio holdings are subject to risk.

Past performance does not guarantee future results.

An investor should consider the Funds’ investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information may be found in the prospectus (pdf). To obtain a print prospectus, call 800-432-7856. Please read the prospectus carefully before investing.

Organizational chart reflects intended team structure, and all positions may not currently be filled.

Sector and Industry classifications are sourced from GICS®.The Global Industry Classification Standard (GICS®) is the exclusive intellectual property of MSCI Inc. (MSCI) and S&P Global Market Intelligence (“S&P”).  Neither MSCI, S&P, their affiliates, nor any of their third party providers (“GICS Parties”) makes any representations or warranties, express or implied, with respect to GICS or the results to be obtained by the use thereof, and expressly disclaim all warranties, including warranties of accuracy, completeness, merchantability and fitness for a particular purpose.  The GICS Parties shall not have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of such damages.

The statements and opinions expressed in the articles or appearances are those of the presenter. Any discussion of investments and investment strategies represents the presenters' views as of the date created and are subject to change without notice. The opinions expressed are for general information only and are not intended to provide specific advice or recommendations for any individual. Any forecasts may not prove to be true.

Economic predictions are based on estimates and are subject to change.

There is no guarantee that a particular investment strategy will be successful.

Heartland’s investing glossary provides definitions for several terms used on this page.

The Heartland Funds are distributed by ALPS Distributors, Inc.

Separately managed accounts and related investment advisory services are provided by Heartland Advisors, Inc., a federally registered investment advisor. ALPS Distributors, Inc., is not affiliated with Heartland Advisors, Inc.

Unless noted with an asterisk (*), the above individuals are registered representatives of ALPS Distributors, Inc.

CFA® is a registered trademark owned by the CFA Institute.

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