David Fondrie

David Fondrie, CPA, is Senior Vice President and Portfolio Manager for the Select Value Fund and its corresponding Opportunistic Value Equity Strategy.

Heartland Advisors Value Investing Portfolio Manager David FondrieFondrie began at Heartland Advisors in 1994 as a Research Analyst focused on capital equipment, manufacturing, and semiconductor companies. He was Director of Equity Research from 2001 to 2011, during which time he became a Portfolio Manager, in 2004. He also served as CEO of the Heartland Funds for six years, until May 2012.

Fondrie held senior management and executive positions in Wisconsin before joining Heartland. He worked at PricewaterhouseCoopers for 11 years, departing his Senior Manager position to become Executive Vice President and Chief Financial Officer at the lawn care manufacturer Ransomes for four years. He later was President and Chief Operating Officer of Casino Resource Corporation, an entertainment and gaming company.

He is a U.S. Armed Forces veteran who served in Korea, and he graduated from the University of Wisconsin-Madison with a bachelor’s in business in 1972.

Investment Experience

  • Heartland Advisors, 1994-present


  • B.B.A. in Business, University of Wisconsin–Madison, 1972

Certification and Licensing

  • CPA

Community Service

  • United Way of Greater Milwaukee Investment Committee, Member
  • Milwaukee Public Library Foundation, Treasurer

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The above individual is a registered representative of 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.

The Heartland Funds are distributed by ALPS Distributors, Inc.