Heartland Advisors Value Plus Fund’s Q3 2024 Investor Letter

Heartland Advisors, an investment management company, released its “Heartland Value Plus Fund” third quarter 2024 investor letter. During the quarter, the market began to broaden as small-cap stocks rose in expectation of interest rate reduction by the Federal Reserve, and companies with compelling self-help strategies are being rewarded. The strategy gained 7.93% in the quarter, compared to a 10.15% return for the Russell 2000 Value Index. The underperformance was due to the stock selection in the Health Care, Information Technology, and Energy sectors. On the other hand, the selection effect helped the Strategy to outperform the benchmark in the Consumer Discretionary, Industrials, and Financials. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

A copy of Heartland Advisors Value Plus Fund’s Q3 2024 investor letter can be downloaded here.