Heartland Advisors

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

Education

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

Heartland Advisors Value Investing Will Nasgovitz

Portfolio Manager

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News & Investing Perspectives

Heartland in the News
11/24/2025

Will Nasgovitz Featured in Forbes

Will Nasgovitz, CEO and Portfolio Manager, was featured in a recent article from Forbes.

Investing in Action
11/21//2025

VALU-able Lessons: A Year of Reflections

How Have Our Views Fared Over the Past Year?

Investing in Action
10/23/2025

Mining for Portfolio Opportunities

What our Mining Exposure Says About Our Portfolio Construction Process.

Investing in Action
9/9/2025

The Catalyst That Could Spark Small-Cap Value Outperformance

Why Investors Should Pay Attention to Rebounding Small Business Optimism…

Investing in Action
01/20/2026

The Art and Science of Value

How Do Our 10 Principles of Value Investing™ Drive Every Portfolio Decision?

Heartland in the News
01/14/2026

The Outsized Case for Small Cap Stocks

WealthManagement.com’s 2026 Market Outlook Highlights Will Nasgovitz.

Investing in Action
12/22/2025

Why a Catalyst Isn’t Enough

A Housing Recovery Would be Great. Are Companies Prepared to Take Advantage?

Investing in Action
3/31/2025

Is Free Cash Flow King?

Discover How Free Cash Flow Can Create Catalysts for Stocks.

Investing in Action
11/21/2024

How Real Estate Can Add Value to Our Portfolio

Discover Heartland's perspective on the Real Estate Sector.

Investing in Action
5/29/2025

How is Valuing Stocks a Dynamic Exercise?

Context Matters when Determining What a Company is Really Worth.

Investing in Action
12/17/2024

Truckin’ Along with the Economy

See how the trucking industry moves with economic changes.

Investing in Action
1/22/2025

What’s Driving Insider Buying Among Oil Refiners?

Discover the importance of Insider Buying from a Heartland Perspective.

Investing in Action
2/26/2025

Does it Pay to Focus on Financial Soundness?

Balance Sheet strength seems to matter even more now as Credit Spreads may be hinting at a Complacent Market.

Investing in Action
7/16/2025

The Fundamentals of Technical Analysis

How Heartland Uses Technical Analysis to Support Fundamental Research

Investing in Action
8/19/2025

The High Value of Low Valuations

What the Disparity in Price/Earnings Ratios of Small and Large Stocks Tells Us

Investing in Action
4/30/2025

Why Sound Business Strategies Matter

Creating Shareholder Value Goes Beyond Simply Beating the Competition.

Investing in Action
7/23/2025

It's All in the Research

Follow Associate Portfolio Manager, Jacob Westphal, as he shares his takeaways from a Research Trip!

Heartland in the News
7/24/2025

Hedge Fund Alpha Highlights CEO and Portfolio Manager Will Nasgovitz

Will Nasgovitz, CEO and Portfolio Manager, was profiled in a recent article from Hedge Fund Alpha.

 

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©2025 Heartland Advisors | 790 N. Water Street, Suite 1200, Milwaukee, WI 53202 | Business Office: 414-347-7777 | Financial Professionals: 888-505-5180 | Individual Investors: 800-432-7856

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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