HEARTLAND ADVISORS INC
Long book
$1.96B
Q1 2026
Positions
244
Top-10 weight
14%
concentration
Last quarter
+15.7%
SPY +14.8%
Turnover
19%
of book per quarter
Strategy in plain words
auto-generated from filingsHEARTLAND ADVISORS INC is an institutional manager, running a $1.96B US long book across 244 positions.
The portfolio is broadly diversified across 244 positions (top 10 only 14%). Turnover is modest: positions are typically held for years. Current anchor positions: CENTERRA GOLD INC, TEXAS CAPITAL BANCSHARES INC, SILICON MOTION TECHNOL-ADR, ENCORE CAPITAL GROUP INC, CENTURY COMMUNITIES INC.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-4.3%
Q2 2024
+9.1%
Q3 2024
-1.2%
Q4 2024
-3.5%
Q1 2025
+4.1%
Q2 2025
+7.3%
Q3 2025
+0.1%
Q4 2025
+6.3%
Q1 2026
+15.7%
Sector allocation
Financials 20%
Industrials 18%
Technology 10%
Healthcare 9%
Consumer discretionary 9%
Utilities 6%
Services media 6%
Energy 6%
Long book by quarter
What does HEARTLAND ADVISORS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CGAU CENTERRA GOLD INC | Materials | 2.2M | $39.4M | 2.0% | +0.7% |
| TCBI TEXAS CAPITAL BANCSHARES INC | Financials | 333.3K | $31.6M | 1.6% | -4.7% |
| ECPG ENCORE CAPITAL GROUP INC | Financials | 388.4K | $27.2M | 1.4% | +0.7% |
| CCS CENTURY COMMUNITIES INC | Industrials | 454.6K | $26.1M | 1.3% | -0.1% |
| TFX TELEFLEX INC | Healthcare | 216.0K | $25.8M | 1.3% | +107.8% |
| TDY TELEDYNE TECHNOLOGIES INC | Technology | 41.8K | $25.3M | 1.3% | -16.5% |
| VNOM VIPER ENERGY INC-CL A | Energy | 530.5K | $24.9M | 1.3% | +3.2% |
| EGO ELDORADO GOLD CORP | Materials | 702.8K | $24.1M | 1.2% | -4.2% |
| ASB ASSOCIATED BANC-CORP | Financials | 875.9K | $22.7M | 1.2% | -0.3% |
| NOV NOV INC | Industrials | 1.2M | $22.5M | 1.1% | +9.7% |
| ITGR INTEGER HOLDINGS CORP | Healthcare | 248.0K | $21.8M | 1.1% | +2.2% |
| CCBG CAPITAL CITY BANK GROUP INC | Financials | 500.0K | $21.7M | 1.1% | Held |
| EXC EXELON CORP | Utilities | 437.4K | $21.4M | 1.1% | +8.9% |
| EOG EOG RESOURCES INC | Energy | 146.8K | $21.2M | 1.1% | -4.5% |
| CASS CASS INFORMATION SYSTEMS INC | Services media | 470.5K | $20.7M | 1.1% | +1.2% |
| MGY MAGNOLIA OIL & GAS CORP - A | Energy | 630.5K | $19.9M | 1.0% | -3.2% |
| JBHT HUNT (JB) TRANSPRT SVCS INC | Industrials | 90.9K | $19.3M | 1.0% | +0.3% |
| SBCF SEACOAST BANKING CORP/FL | Financials | 622.0K | $18.8M | 1.0% | -1.6% |
| WSO WATSCO INC | Consumer discretionary | 51.6K | $18.8M | 1.0% | +14.3% |
| ASO ACADEMY SPORTS & OUTDOORS IN | Consumer discretionary | 329.4K | $18.6M | 0.9% | +1.3% |
| HSY HERSHEY CO/THE | Consumer staples | 88.9K | $18.5M | 0.9% | -8.6% |
| BDX BECTON DICKINSON AND CO | Healthcare | 116.3K | $18.3M | 0.9% | +16.0% |
| GTES GATES INDUSTRIAL CORP PLC | Industrials | 803.4K | $18.2M | 0.9% | +8.5% |
| EZPW EZCORP INC-CL A | Consumer discretionary | 705.9K | $17.9M | 0.9% | Held |
| PHIN PHINIA INC | Industrials | 257.3K | $17.6M | 0.9% | +0.1% |
| GBCI GLACIER BANCORP INC | Financials | 372.0K | $16.6M | 0.8% | +0.1% |
| PRMB PRIMO BRANDS CORP | Consumer staples | 875.4K | $16.5M | 0.8% | +83.5% |
| KWR QUAKER CHEMICAL CORPORATION | Energy | 129.8K | $16.1M | 0.8% | +4.6% |
| COO COOPER COS INC/THE | Healthcare | 221.7K | $15.8M | 0.8% | +18.4% |
| NWPX NWPX INFRASTRUCTURE INC | Industrials | 200.0K | $15.6M | 0.8% | -18.4% |
| PLAB PHOTRONICS INC | Technology | 370.7K | $15.0M | 0.8% | -3.8% |
| ALGT ALLEGIANT TRAVEL CO | Industrials | 184.0K | $14.9M | 0.8% | -11.2% |
| THO THOR INDUSTRIES INC | Industrials | 183.5K | $14.7M | 0.7% | +12.7% |
| MHK MOHAWK INDUSTRIES INC | Other | 147.7K | $14.5M | 0.7% | -15.3% |
| LINC LINCOLN EDUCATIONAL SERVICES | Services media | 357.3K | $14.5M | 0.7% | -72.3% |
| SYY SYSCO CORP | Consumer discretionary | 190.6K | $13.6M | 0.7% | +22.8% |
| IIIV I3 VERTICALS INC-CLASS A | Technology | 607.0K | $13.6M | 0.7% | +11.1% |
| HXL HEXCEL CORP | Materials | 166.3K | $13.5M | 0.7% | 0.0% |
| FE FIRSTENERGY CORP | Utilities | 262.6K | $13.3M | 0.7% | -9.3% |
| BBSI BARRETT BUSINESS SVCS INC | Services media | 450.0K | $13.1M | 0.7% | Held |
| COLM COLUMBIA SPORTSWEAR CO | Other | 235.1K | $12.9M | 0.7% | +198.8% |
| FOR FORESTAR GROUP INC | Real estate | 505.1K | $12.3M | 0.6% | -0.3% |
| ASTE ASTEC INDUSTRIES INC | Industrials | 228.9K | $12.3M | 0.6% | -0.2% |
| TCBK TRICO BANCSHARES | Financials | 250.0K | $11.9M | 0.6% | Held |
| MUSA MURPHY USA INC | Consumer discretionary | 24.0K | $11.9M | 0.6% | New |
| CUBI CUSTOMERS BANCORP INC | Financials | 170.8K | $11.9M | 0.6% | -6.6% |
| MTG MGIC INVESTMENT CORP | Financials | 450.0K | $11.8M | 0.6% | -21.7% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 40.7K | $11.5M | 0.6% | +239.0% |
| DCI DONALDSON CO INC | Industrials | 132.6K | $11.3M | 0.6% | -31.9% |
| XRAY DENTSPLY SIRONA INC | Healthcare | 953.3K | $11.1M | 0.6% | +490.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 244 | $1.96B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 253 | $1.86B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 237 | $1.89B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 213 | $1.79B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 202 | $1.74B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 198 | $1.84B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 184 | $1.91B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 178 | $1.79B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 175 | $1.91B | canonical | SEC ↗ |
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