Will Nasgovitz

Will Nasgovitz is CEO of Heartland Advisors and the Heartland Funds. He is Portfolio Manager for the Mid Cap Value Fund and the Value Fund, as well as their corresponding Mid Cap Value and Small Cap Value Strategies. He is also President and Director of Heartland Funds.

He began at Heartland Advisors in 2003 as a Research Associate and served as a Portfolio Manager of the Opportunistic Value Equity Strategy from 2006 to 2022. He added portfolio management responsibility for the Mid Cap Value Fund in 2015. He also returned to the Value Fund in 2019 as a Portfolio Manager, having previously co-managed from 2009 to 2013.

Prior to joining the Firm, Nasgovitz was a Senior Research Associate at Cambridge Associates.

Nasgovitz often shares his value investing market perspective with the national financial media, including Bloomberg, MarketWatch, TheStreet, and CNBC.

He graduated from the University of Wisconsin-Madison with a bachelor’s in business in 2000.  

Investment Experience

  • Heartland Advisors, 2003-present
  • Cambridge Associates, 2000-2002

Honors and Recognition

  • Recognized as a Lipper Award manager for the Heartland Mid Cap Value Fund: 5-year 2020 (award received 2/1/2021)
  • Manager of the Mid Cap Value Strategy that was named a “Top Guns” by Informa Investment Solutions’ PSN Manager Database: 4Q18 (award received 2/19/2019); 2Q19 (award received 8/20/2019); 2Q22 (award received 8/17/2022)
  • Manager of the Small Cap Value Strategy that was named a “Top Guns” by Informa Investment Solutions’ PSN Manager Database: 4Q21 (award received 2/17/2022)
  • Recognized as a Top Performing Manager of Domestic Value Equity by Pensions & Investments: 3Q20 (award received 11/16/2020)


  • B.B.A. in Business, University of Wisconsin–Madison, 2000

Community Service

  • Discovery World Science and Technology Center, Board Member
  • Junior Achievement, Board Member

Heartland Advisors Value Investing Will Nasgovitz

Portfolio Manager

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News & Investing Perspectives

Heartland in the News

Value Investing in 2023 and Beyond

CEO Will Nasgovitz and Chairman Bill Nasgovitz assess current market conditions to help answer questions on value investor’s minds.

Heartland in the News

The Return of Rational Thinking to the Markets?

Heartland's CEO and Portfolio Manager Will Nasgovitz shares his outlook on the market amid the recent volatile stretch of the S&P 500.

Heartland in the News

Small Cap Pressures

CEO Will Nasgovitz discusses volatility — and opportunities — in small caps amid a recent market dip with The Wall Street Journal.

Water & Wells

How Inflation Fuels Bargain Hunting

What history says about how stocks will react to rising consumer prices — and what that means for value investors.

Heartland in the News

ValueWalk Profiles Heartland CEO

CEO Will Nasgovitz shares his career in portfolio management and Heartland’s investing philosophy with ValueWalk.

Heartland in the News

Where to Find Good Values

CEO Will Nasgovitz explains how in this market downturn, small stocks are trading at historic discounts relative to large-caps.

Water & Wells

Is Common Sense Returning to the Markets?

As the Federal Reserve is ending the era of “easy money,” rational thinking may be making a comeback.

Heartland in the News

Don’t Get Lost in the Headlines

CEO Will Nasgovitz explains why investors remaining focused on fundamentals can be rewarding in times of uncertainty.


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