Heartland Advisors
Heartland Advisors Value Plus Fund
US Mid-cap Value
Dec 2024 → Jun 2026
Our archive holds 5 letters from this strategy, behind 6 investment theses and positions in 9 companies. Every quote below is copied verbatim from the letter it came from.
5 letters in 3 years — follow all of Heartland Advisors for every strategy.
Also held
Its investment theses
- Century Communities, Inc.Jun 2026Century Communities is a single-family homebuilder trading below book value, with long-term upside from housing recovery and disciplined capital allocation through buybacks and dividends.
- Builders FirstSource, Inc.Dec 2025Builders FirstSource is the largest building products distributor with value-added components, insider alignment and buybacks, and significant EPS and EBITDA upside in a housing recovery at an attractive sub-11x EBITDA valuation.
- WESCO International, Inc.Dec 2025WESCO International is a logistics and supply chain solutions provider poised for recovery and margin expansion from automation savings, offering potential double-digit EPS growth while trading at low sales and EBITDA multiples.
- Envista Holdings Corp.Jun 2025Envista Holdings Corp. is a resilient dental equipment supplier showing better-than-expected demand and positive management initiatives despite recent economic concerns, trading at a significant discount to its historical earnings multiple.
- Gates Industrial Corporation plcJun 2025Gates Industrial Corporation plc (GTES) is a well-positioned small-cap manufacturer benefiting from strong replacement demand and ongoing cost optimization, making it an attractive investment despite recent tariff concerns.
- Silicon Motion Technology Corp.Jun 2025Silicon Motion Technology Corp. is a promising investment due to its transition toward higher-margin data center products and potential undervaluation despite recent market fluctuations.