Heartland Advisors

Heartland Value Fund Portfolio Holdings

7/31/2025

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TickerHolding% of Net AssetsIndustry
LINCLincoln Educational Services Corp.3.8Diversified Consumer Services
TCBITexas Capital Bancshares, Inc.2.9Banks
BBSIBarrett Business Services, Inc.2.6Professional Services
SIMOSilicon Motion Technology Corp. (ADR)2.6Semiconductors & Semiconductor Equipment
CCBGCapital City Bank Group, Inc.2.5Banks
HOM-U CNBSR Real Estate Investment Trust2.1Residential REITs
IIIVi3 Verticals, Inc. Class A2.0Software
CCSCentury Communities, Inc.1.9Household Durables
CASSCass Information Systems, Inc. 1.8Financial Services
UGIUGI Corporation1.6Gas Utilities
NWPXNWPX Infrastructure, Inc.1.6Construction & Engineering
EGOEldorado Gold Corp.1.6Metals & Mining
CGAUCenterra Gold, Inc1.6Metals & Mining
PRGOPerrigo Co. PLC1.5Pharmaceuticals
NSANational Storage Affiliates Trust1.5Specialized REITs
MTGMGIC Investment Corp.1.5Financial Services
MHKMohawk Industries, Inc.1.5Household Durables
XRAYDENTSPLY SIRONA, Inc.1.5Health Care Equipment & Supplies
VNOMViper Energy, Inc.1.4Oil Gas & Consumable Fuels
RDNRadian Group, Inc.1.3Financial Services
TCBKTriCo Bancshares1.3Banks
EZPWEzcorp, Inc. (Class A)1.3Consumer Finance
FORForestar Group, Inc.1.3Real Estate Management & Development
ASBAssociated Banc-Corp.1.3Banks
KWRQuaker Chemical Corp1.2Chemicals
CUBICustomers Bancorp, Inc.1.2Banks
PRIMPrimoris Services Corp1.2Construction & Engineering
CSVCarriage Services, Inc.1.2Diversified Consumer Services
GBCIGlacier Bancorp, Inc.1.1Banks
PLYMPlymouth Industrial REIT Inc.1.1Industrial REITs
SBCFSeacoast Banking Corp. of Florida1.1Banks
NGDNew Gold Inc.1.1Metals & Mining
STCStewart Information Services Corporation1.0Insurance
CTBICommunity Trust Bancorp, Inc.1.0Banks
AUDCAudioCodes Ltd.1.0Communications Equipment
PBPBPotbelly Corp.1.0Hotels Restaurants & Leisure
MGYMagnolia Oil & Gas Corporation (Class A)1.0Oil Gas & Consumable Fuels
PHINPHINIA Inc.1.0Automobile Components
HXLHexcel Corporation1.0Aerospace & Defense
GTESGates Industrial Corporation plc1.0Machinery
ECPGEncore Capital Group, Inc.0.9Consumer Finance
CVGWCalavo Growers, Inc.0.9Food Products
ALEXAlexander & Baldwin Inc0.9Diversified REITs
IGICInternational General Insurance Holdings, Ltd.0.9Insurance
PLABPhotronics, Inc.0.9Semiconductors & Semiconductor Equipment
DNOWDNOW, Inc.0.9Trading Companies & Distributors
ASTEAstec Industries, Inc.0.9Machinery
LNR CNLinamar Corp.0.9Automobile Components
SAICScience Applications International Corp.0.9Professional Services
CMCOColumbus McKinnon Corporation0.8Machinery
CWCOConsolidated Water Co., Ltd.0.8Water Utilities
LEUCentrus Energy Corp (Class A)0.8Oil Gas & Consumable Fuels
GTLSChart Industries, Inc.0.8Machinery
STKLSunOpta Inc.0.8Food Products
ASOAcademy Sports and Outdoors, Inc.0.8Specialty Retail
MDI CNMajor Drilling Group International, Inc.0.8Metals & Mining
SEBSeaboard Corporation0.8Food Products
TIPTTiptree Inc.0.8Insurance
HFWAHeritage Financial Corp.0.8Banks
LTRXLantronix, Inc.0.8Communications Equipment
PCYOPure Cycle Corporation0.8Water Utilities
TFXTeleflex Incorporated0.8Health Care Equipment & Supplies
PINEAlpine Income Property Trust, Inc.0.8Diversified REITs
THRThermon Group Holdings, Inc0.7Electrical Equipment
HAEHaemonetics Corp.0.7Health Care Equipment & Supplies
KNFKnife River Corp0.6Construction Materials
MRTNMarten Transport, Ltd.0.6Ground Transportation
MOFGMidWestOne Financial Group Inc.0.6Banks
BHEBenchmark Electronics, Inc. 0.6Electronic Equipment Instruments & Components
PESIPerma-Fix Environmental Services Inc. 0.6Commercial Services & Supplies
THOThor Industries, Inc.0.6Automobiles
ALKAlaska Air Group, Inc.0.6Passenger Airlines
INBKFirst Internet Bancorp0.6Banks
ITGRInteger Holdings Corporation0.6Health Care Equipment & Supplies
CTOSCustom Truck One Source Inc.0.6Trading Companies & Distributors
GWRSGlobal Water Resources, Inc.0.5Water Utilities
PCHPotlatchDeltic Corp. 0.5Specialized REITs
PZZAPapa John's International Inc0.5Hotels Restaurants & Leisure
LYFTLyft, Inc. Class A0.5Ground Transportation
EVTCEVERTEC, Inc.0.5Financial Services
HCSGHealthcare Services Group Inc0.5Commercial Services & Supplies
OXMOxford Industries, Inc.0.5Textiles Apparel & Luxury Goods
DDIDoubleDown Interactive0.5Entertainment
WDWalker & Dunlop, Inc.0.5Financial Services
ALGTAllegiant Travel Company0.5Passenger Airlines
NFGNational Fuel Gas Co.0.4Gas Utilities
ARAYAccuray, Inc.0.4Health Care Equipment & Supplies
OECOrion SA0.4Chemicals
MCSMarcus Corporation (Class A)0.4Entertainment
ASTLAlgoma Steel Group Inc.0.3Metals & Mining
NOVNOV, Inc.0.3Energy Equipment & Services
MAMAMama's Creations, Inc.0.3Food Products
INFUInfuSystem Holdings, Inc.0.3Health Care Providers & Services
SONSonoco Products Co0.3Containers & Packaging
HSONHudson Global, Inc.0.2Professional Services
QUADQuad/Graphics, Inc. (Class A)0.2Commercial Services & Supplies
STSensata Technologies Holding PLC0.2Electrical Equipment
JBSSJohn B Sanfilippo & Son Inc0.1Food Products

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Portfolio holdings are subject to change. Current and future portfolio holdings are subject to risk.

Portfolio holdings exclude cash, cash equivalents, options, and futures.

The Heartland Funds are distributed by ALPS Distributors, Inc.

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