Heartland Advisors

Heartland Value Fund Portfolio Holdings

3/31/2025

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TickerHolding% of Net AssetsIndustry
LINCLincoln Educational Services Corp.2.8Diversified Consumer Services
TCBITexas Capital Bancshares, Inc.2.8Banks
CCBGCapital City Bank Group, Inc.2.7Banks
BBSIBarrett Business Services, Inc.2.6Professional Services
IIIVi3 Verticals, Inc. Class A2.4Software
HOM-U CNBSR Real Estate Investment Trust2.4Residential REITs
NSANational Storage Affiliates Trust2.2Specialized REITs
SIMOSilicon Motion Technology Corp. (ADR)2.1Semiconductors & Semiconductor Equipment
CASSCass Information Systems, Inc. 2.1Financial Services
GTLSChart Industries, Inc.2.0Machinery
MTGMGIC Investment Corp.1.7Financial Services
NWPXNorthwest Pipe Co.1.7Construction & Engineering
XRAYDENTSPLY SIRONA, Inc.1.7Health Care Equipment & Supplies
UGIUGI Corporation1.6Gas Utilities
RDNRadian Group, Inc.1.6Financial Services
CGAUCenterra Gold, Inc1.6Metals & Mining
MHKMohawk Industries, Inc.1.6Household Durables
VNOMViper Energy, Inc.1.6Oil Gas & Consumable Fuels
NGDNew Gold Inc.1.5Metals & Mining
EZPWEzcorp, Inc. (Class A)1.5Consumer Finance
IGICInternational General Insurance Holdings, Ltd.1.5Insurance
CCSCentury Communities, Inc.1.4Household Durables
TCBKTriCo Bancshares1.4Banks
ASBAssociated Banc-Corp.1.2Banks
STCStewart Information Services Corporation1.2Insurance
GBCIGlacier Bancorp, Inc.1.2Banks
CSVCarriage Services, Inc.1.2Diversified Consumer Services
FORForestar Group, Inc.1.2Real Estate Management & Development
PRGOPerrigo Co. PLC1.2Pharmaceuticals
EGOEldorado Gold Corp.1.2Metals & Mining
PLYMPlymouth Industrial REIT Inc.1.1Industrial REITs
SBCFSeacoast Banking Corp. of Florida1.1Banks
DNOWDNOW, Inc.1.1Trading Companies & Distributors
CMCOColumbus McKinnon Corporation1.1Machinery
NOVNOV, Inc.1.1Energy Equipment & Services
MGYMagnolia Oil & Gas Corporation (Class A)1.0Oil Gas & Consumable Fuels
CTBICommunity Trust Bancorp, Inc.1.0Banks
CUBICustomers Bancorp, Inc.1.0Banks
TIPTTiptree Inc.1.0Insurance
SEESealed Air Corporation1.0Containers & Packaging
PINEAlpine Income Property Trust, Inc.1.0Diversified REITs
PCHPotlatchDeltic Corp. 1.0Specialized REITs
TFXTeleflex Incorporated1.0Health Care Equipment & Supplies
ALEXAlexander & Baldwin Inc1.0Diversified REITs
ECPGEncore Capital Group, Inc.0.9Consumer Finance
HXLHexcel Corporation0.9Aerospace & Defense
LEUCentrus Energy Corp (Class A)0.9Oil Gas & Consumable Fuels
SKXSkechers U.S.A., Inc. (Class A)0.9Textiles Apparel & Luxury Goods
HFWAHeritage Financial Corp.0.9Banks
AUDCAudioCodes Ltd.0.9Communications Equipment
PCYOPure Cycle Corporation0.9Water Utilities
HAEHaemonetics Corp.0.9Health Care Equipment & Supplies
PBPBPotbelly Corp.0.9Hotels Restaurants & Leisure
KWRQuaker Chemical Corp0.9Chemicals
ASTEAstec Industries, Inc.0.8Machinery
NFGNational Fuel Gas Co.0.8Gas Utilities
OECOrion SA0.8Chemicals
PRIMPrimoris Services Corp0.8Construction & Engineering
ASOAcademy Sports and Outdoors, Inc.0.8Specialty Retail
MDI CNMajor Drilling Group International, Inc.0.8Metals & Mining
THRThermon Group Holdings, Inc0.8Electrical Equipment
CTLPCantaloupe, Inc.0.8Financial Services
SEBSeaboard Corporation0.7Food Products
INBKFirst Internet Bancorp0.7Banks
PLABPhotronics, Inc.0.7Semiconductors & Semiconductor Equipment
CTOSCustom Truck One Source Inc.0.7Trading Companies & Distributors
CWCOConsolidated Water Co., Ltd.0.7Water Utilities
LNR CNLinamar Corp.0.7Automobile Components
ITGRInteger Holdings Corporation0.7Health Care Equipment & Supplies
GWRSGlobal Water Resources, Inc.0.6Water Utilities
GTESGates Industrial Corporation plc0.6Machinery
LSEALandsea Homes Corp0.6Household Durables
ARAYAccuray, Inc.0.6Health Care Equipment & Supplies
ALKAlaska Air Group, Inc.0.6Passenger Airlines
MRTNMarten Transport, Ltd.0.6Ground Transportation
KNFKnife River Corp0.6Construction Materials
EVTCEVERTEC, Inc.0.6Financial Services
HCSGHealthcare Services Group Inc0.6Commercial Services & Supplies
SAICScience Applications International Corp.0.5Professional Services
THOThor Industries, Inc.0.5Automobiles
HNRGHallador Energy Company0.5Oil Gas & Consumable Fuels
LTRXLantronix, Inc.0.5Communications Equipment
BHEBenchmark Electronics, Inc. 0.5Electronic Equipment Instruments & Components
STKLSunOpta Inc.0.5Food Products
MOFGMidWestOne Financial Group Inc.0.5Banks
PESIPerma-Fix Environmental Services Inc. 0.4Commercial Services & Supplies
ASTLAlgoma Steel Group Inc.0.4Metals & Mining
INFUInfuSystem Holdings, Inc.0.4Health Care Providers & Services
HSONHudson Global, Inc.0.4Professional Services
WWayfair, Inc. Class A0.4Specialty Retail
MCSMarcus Corporation (Class A)0.3Entertainment
ORIOld Republic International Corporation0.3Insurance
MAMAMama's Creations, Inc.0.3Food Products
QUADQuad/Graphics, Inc. (Class A)0.2Commercial Services & Supplies
STSensata Technologies Holding PLC0.2Electrical Equipment
TWINTwin Disc Inc0.2Machinery
HBIOHarvard Bioscience, Inc.0.1Life Sciences Tools & Services

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©2025 Heartland Advisors | 790 N. Water Street, Suite 1200, Milwaukee, WI 53202 | Business Office: 414-347-7777 | Financial Professionals: 888-505-5180 | Individual Investors: 800-432-7856

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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