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 seven times as a Lipper Award manager
  • Designated a "Category King" manager by The Wall Street Journal
  • Received "Bull and Bear Master" recognition for performance during up and down markets from Informa Investment Solutions' PSN Manager Database
  • Named a "Top Guns" manager by Informa Investment Solutions' PSN Manager Database
  • Recognized as a Top Performing Manager of Domestic Value Equity by Pensions & Investments


  • 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

Midcap Value Fund Named One of Ten "Category Kings"

Heartland was designated a top-performing fund for Midcap Value in 2022 by the Wall Street Journal.

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.

Heartland in the News

Volatility: Time to Focus on Fundamentals?

CEO Will Nasgovitz offers his take on recent volatility and why a focus on bottom-up analysis is key in riding out market gyrations.

Heartland in the News

Is the Buffett Indicator Pointing to Another Lost Decade?

Heartland CEO Will Nasgovitz offers his take on avoiding a decade of lost returns in an era of excess.

Water & Wells

What if Inflation is Here to Stay?

A look at the predictive prowess of treasuries in gauging the stickiness of inflation.


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*Honors and recognition during the following years, respectively: 2007, 2008, 2009, 2010, 2011, 2012, and 2020; 2018 and 2019; 2019; and 2018, 2019, and 2021; 2020 

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 Funds' prospectus. To obtain a prospectus, please call 800-432-7856 or visit heartlandadvisors.com. Please read the prospectus carefully before investing.

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

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.

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 above individual is a registered representative of ALPS Distributors, Inc.

The Heartland Funds are distributed by ALPS Distributors, Inc.

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