Insights

  • Quarterly Commentary
  • Portfolio Perspective
  • Market Insight
  • Investment Approach

2Q18 Quarterly Commentary

Multi-Cap Value

Employment and corporate earnings remained robust, but building headwinds stoked debate about whether the economy was entering a new phase.

Fund Strategy

Mid-Cap Value

Higher interest rates, a stronger dollar, and talk of trade wars injected uncertainty into an economy that otherwise showed signs of continued strength.

Fund Strategy

Small-Cap Value

The vitality of the business climate appears underappreciated. 

Fund Strategy

Small- and Micro-Cap Value

Investors responded to a murky economic outlook by gravitating toward growth-oriented names, defensive areas, and larger businesses.

Fund Strategy

Portfolio Perspective

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Video
5/18 - 2:06
Heartland Advisors Value Investing Portfolio Manager Eric Miller

Finding a Spark in Utilities

Why we see opportunities in the usually sleepy Utilities sector.

Video
4/18 - 2:39
Heartland Mid Cap Value Fund Portfolio Managers Colin McWey and Will Nasgovitz

A Look at Our Mid Cap Value Strategy

The Portfolio Management Team provides an overview.

PM Perspective
3/18
Heartland Value Fund Portfolio Manager Bill Nasgovitz

How Micro-Caps Add Value to a Small-Cap Value Strategy

Micro-caps can be an overlooked source of opportunities in a small-cap strategy. Portfolio Manager Bill Nasgovitz explores the advantages and our approach to the group.

Market Insight

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Water & Wells
8/14/18
Heartland Advisors value investing Portfolio Manager Will Nasgovitz

Tripped up by a Low Hurdle

How low interest rates have led to a surge of money losing companies, and what that may mean as interest rates move higher.

Water & Wells
7/19/2018
Heartland Advisors Value Investing Portfolio Manager Bradford A. Evans

Climbing a Wall of Perfection

Why piling into companies with margins at historic peaks could set the stage for disappointment.

Video
5/18 - 2:40
Heartland Advisors Value Investing Portfolio Manager Will Nasgovitz

Banking Forecast: Holding, with a Chance of Headwinds

After a multi-year run, banks may be facing a rougher road ahead.

Water & Wells
5/7/18
Heartland Advisors Value Investing Portfolio Manager Bradford A. Evans

Addition Through Subtraction: Do Fewer Analysts Create Opportunity?

The shrinking number of sell-side analysts could be a boon for active small-cap investors.

Investment Approach

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PM Perspective
5/18
Heartland Advisors value investing portfolio manager Colin McWey

Cash Flow: An Equalizing Force in Analysis

Cash flow helps us evaluate opportunities on an apples to apples basis regardless of industry or debt.

PM Perspective
4/18
Heartland Advisors Value Investing Portfolio Manager Colin McWey

Why Catalysts and Context Matter

The difference between an unloved laggard and an attractive investment opportunity often begins with perception. Here is a look at internal catalysts and their importance in changing investors’ views and company results.

Video
3/18 - 1:53
Heartland Advisors Value Investing Portfolio Manager Andrew Fleming

Not All Growth is Created Equal

Why value managers should skip low-calorie growth and focus on fat margins.

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