Heartland Advisors Value Plus Fund’s Q1 2024 Investor Letter

Heartland Advisors, an investment management company, released its “Heartland Value Plus Fund” first quarter 2024 investor letter. In the first quarter, the strategy returned 1.5% underperforming the Russell 2000 Small-Cap Value Index’s 2.9% returns. The underperformance was due to the stock selection in Health Care, Information Technology, and Materials sectors. On the other hand, the selection effect helped the Strategy to outperform the benchmark in the Consumer Discretionary, Consumer Staples, and Financials sectors. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.

A copy of Heartland Advisors Value Plus Fund’s Q1 2024 investor letter can be downloaded here.