Heartland Advisors

Podcasts

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Podcast
7/24/2026
Heartland Advisors 2Q26 Mid Cap Commentary Podcast

2Q26 Mid Cap Commentary Podcast

What happens when market euphoria drowns out fundamentals—and where do the real opportunities emerge when the crowd finally shifts? In this episode, Michael Kops, Troy McGlone, and Colin McWey unpack a quarter defined by a “fever pitch” around artificial intelligence, where investors chased momentum and overlooked valuation discipline. As extreme valuation gaps widened and then quickly began to unwind, they explore what this volatility reveals about today’s market—and how disciplined investors can capitalize.

Podcast
7/24/2026
Heartland Advisors 2Q26 Value Plus Commentary Podcast

2Q26 Value Plus Commentary Podcast

Can value investors still outperform in a market dominated by narrow leadership? Michael Kops, Andy Fleming, and Michael Warecki discuss how the strategy navigated a strong Q2—outperforming despite concentrated gains in technology. They highlight disciplined stock selection, selective exposure to the data center ecosystem, with insights into opportunities in Industrials and Financials, where attractive valuations and early-stage catalysts may offer meaningful upside.

Podcast
7/24/2026
Heartland Advisors 2Q26 Value Fund Commentary Podcast

2Q26 Value Fund Commentary Podcast

Are strong returns in small-cap value a sign of lasting opportunity—or a reason for caution? Despite the rally, the episode explores the challenges of a momentum-driven market, especially around artificial intelligence, and the need for discipline as sentiment shifts. Will Nasgovitz and Michael Kops discuss taking profits, reallocating to better opportunities, and key lessons from underperformance, all while staying grounded in long-term fundamentals.

Podcast
4/22/2026
Heartland Advisors 1Q26 Value Fund Commentary Podcast

1Q26 Value Fund Commentary Podcast

What does it take to turn market uncertainty into opportunity? Michael Kops sits down with Will Nasgovitz to reveal how Heartland’s Value team balances portfolio priorities with watch list ideas, applies four price targets and ten core principles, and navigates shifting sectors like energy amid rising oil. Discover where they see the next wave of cyclical opportunities and how discipline drives every investment decision.

Podcast
4/22/2026
Heartland Advisors 1Q26 Value Plus Commentary Podcast

1Q26 Value Plus Commentary Podcast

Amid the Q1 turbulence, the Heartland Value Plus Strategy edged ahead, driven by disciplined stock selection across key sectors. Andy Fleming and Michael Warecki dive into what’s beneath the surface- where rising buybacks, dividend growth, and insider buying are signaling growing confidence, even as uncertainty lingers.

Podcast
4/22/2026
Heartland Advisors 1Q26 Mid Cap Commentary Podcast

1Q26 Mid Cap Commentary Podcast

In a market full of uncertainty, how are investors staying ahead? Michael Kops is joined by Colin McWey and Troy McGlone to break down a volatile Q1 in mid-cap value—and how their 10 Principles of Value Investing™ and four price targets help cut through the noise of market swings.

Podcast
1/26/2026
Heartland Advisors 4Q25 Mid Cap Commentary Podcast

4Q25 Mid Cap Commentary Podcast

Michael Kops joins Troy McGlone and Colin McWey to break down a fourth quarter shaped by the AI narrative, stark valuation gaps in mid-cap value, and insider activity pointing to mispriced opportunities.

Podcast
1/26/2026
Heartland Advisors 4Q25 Value Plus Commentary Podcast

4Q25 Value Plus Commentary Podcast

Michael Kops sits down with Portfolio Managers, Mike Warecki and Andy Fleming, to unpack the Value Plus Strategy’s Q4 results. They discuss renewed momentum in small-cap value, key stock contributors, and how the Strategy’s lack of Biotech exposure impacted performance.

Podcast
1/26/2026
Heartland Advisors 4Q25 Value Fund Commentary Podcast

4Q25 Value Fund Commentary Podcast

What powered the Value Fund's strong Q4 and what could come next? Michael Kops is joined by Portfolio Manager, Will Nasgovitz, to explore performance drivers, sector winners and laggards, and why an under-allocated small-cap market could offer compelling opportunities in 2026.

Podcast
10/30/2025
Heartland Advisors 3Q25 Value Plus Commentary Podcast

3Q25 Value Plus Commentary Podcast

Small caps are showing signs of strength, but not all are created equal. Michael Kops is joined by Andy Fleming and Michael Warecki to share where they’re finding opportunity, what’s driving performance, and how disciplined stock picking keeps them cautiously optimistic.

Podcast
10/30/2025
Heartland Advisors 3Q25 Mid Cap Commentary Podcast

3Q25 Mid Cap Commentary Podcast

Amid an AI-driven rally and wide valuation gaps, how do disciplined investors find opportunity? Michael Kops joins Troy McGlone and Colin McWey to explore Heartland’s Mid Cap Value Strategy, balancing optimism with fundamentals through their four-price target framework and long-term focus.

Podcast
10/30/2025
Heartland Advisors 3Q25 Value Fund Commentary Podcast

3Q25 Value Fund Commentary Podcast

Markets are sending mixed signals and AI is driving the headlines, but value opportunities may be quietly building. Michael Kops and Will Nasgovitz discuss why small-cap optimism still matters, how price targets are set, and the timeless 10 Principles of Value Investing™ that shape their investing playbook.

 

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Past performance does not guarantee future results.

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 statements and opinions expressed in the articles or appearances are those of the presenter. Any discussion of investments and investment strategies represents the presenters' views as of the date created and are subject to change without notice. The opinions expressed are for general information only and are not intended to provide specific advice or recommendations for any individual. Any forecasts may not prove to be true.

Heartland’s investing glossary provides definitions for several terms used on this page.

The above individuals are registered representatives of ALPS Distributors, Inc.

There is no guarantee that a particular investment strategy will be successful.

CFA® is a registered trademark owned by the CFA Institute.

The Heartland Funds are distributed by ALPS Distributors, Inc.

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.

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