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HEARTLAND ADVISORS INC — 13F Holdings & Portfolio

CIK 937394 · latest 13F-HR filed 2026-08-11

Backtest portfolio

HEARTLAND ADVISORS INC manages $2.25B in 13F-reported U.S. long-equity assets across 244 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SIMO (1.84%), CCS (1.65%), CGAU (1.52%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 12 new positions and exited 12; 144 existing positions rose in reported value and 57 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$2.25B

Long-equity book

Holdings
244

Distinct positions

Period
2026-06-30

Filed 2026-08-11

Q/Q Activity
+12 / −12 / ↑144 / ↓57

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
SIMO1.8% · -51%CCS1.6% · +14%CGAU1.5% · -3%ECPG1.5% · -7%TCBI1.3% · -16%TDY1.2% · -1%TFX1.2% · -2%ASO1.2% · +71%KWR1.2% · +27%ASB1.1% · -5%CASS1.1% · +5%CCBG1.1% · 0%EZPW1.1% · 0%EVTC1.0% · +236%PRMB1.0% · +7%VNOM1.0% · +1%ITGR1.0% · -3%PSA1.0% · -12%EGO1.0% · +1%GTES1.0% · -3%JBHT1.0% · -17%ALGT1.0% · +0%EOG1.0% · +13%SBCF1.0% · +4%NWPX0.9% · -30%XRN0.9% · +25%CPT0.9% · -3%PHIN0.9% · -2%WSO0.9% · -3%IIIV0.9% · +59%NOV0.9% · -7%EXC0.9% · -0%BDX0.9% · +12%LXP0.9% · +57%GBCI0.8% · -3%HXL0.8% · +8%BBSI0.7% · 0%ARCB0.7% · 0%MGY0.7% · -2%HSY0.7% · -0%COLM0.7% · +6%MHK0.7% · -15%FOR0.7% · -6%HAE0.7% · +135%ASTE0.7% · +6%COO0.7% · -8%SHLS0.6% · +39%LYFT0.6% · +20%ST0.6% · +27%KEYS0.6% · -3%TCBK0.6% · 0%THO0.6% · -7%MTG0.6% · 0%SANM0.6% · +25%WEC0.6% · +82%SAH0.6% · +20%XRAY0.6% · +22%PLAB0.6% · +2%CLB0.5% · +606%UTL0.5% · +55%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 13.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Assets Under Management
$1.92B
Discretionary
$1.92B
Employees
26
Accounts
93
Address
790 N WATER STREET SUITE 1200
MILWAUKEE, WI 53202
Phone
(414) 347-7777
Website
This firm reports 3 disclosure items on its registration.
Name Title / Status Ownership Type
BEST, NICOLE, JEANNINE ControlSENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER & CHIEF ADMINSTRATIVE OFFICERLess than 5%Individual
FLEMING, ANDREW, JOHN ControlVICE PRESIDENT & PORTFOLIO MANAGERLess than 5%Individual
HEARTLAND HOLDINGS, INC. ControlSHAREHOLDER75% or moreDomestic Entity
KOPS, MICHAEL, DAVID ControlVICE PRESIDENT OF SALESLess than 5%Individual
MCGLONE, TROY, WILLIAM ControlVICE PRESIDENT & PORTFOLIO MANAGERLess than 5%Individual
MCWEY, COLIN, PATRICK ControlVICE PRESIDENT & PORTFOLIO MANAGERLess than 5%Individual
NASGOVITZ, WILLIAM, JOHN ControlDIRECTOR & CHAIRMANLess than 5%Individual
NASGOVITZ, WILLIAM, RICHARD ControlDIRECTOR, CHIEF EXECUTIVE OFFICER & PORTFOLIO MANAGERLess than 5%Individual
NASGOVITZ, WILLIAM, RICHARD ControlDIRECTOR & CHIEF EXECUTIVE OFFICER & TRUSTEE OF TRUST75% or moreIndividual
PAUL, VINITA, KAUR ControlVICE PRESIDENT, CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL & SECRETARYLess than 5%Individual
WILLIAM J. NASGOVITZ GRANTOR RETAINED ANNUITY TRUST ControlTRUST50–75%Domestic Entity

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

HEARTLAND ADVISORS INC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 SILICON MOTION TECHNOLOGY CO SIMO 82706C108 $41.3M 1.84% 123,895 SH
2 CENTURY COMMUNITIES INC CCS 156504300 $37.0M 1.65% 516,410 SH
3 CENTERRA GOLD INC CGAU 152006102 $34.1M 1.52% 2,148,931 SH
4 ENCORE CAP GROUP INC ECPG 292554102 $33.8M 1.51% 362,825 SH
5 TEXAS CAP BANCSHARES INC TCBI 88224Q107 $29.0M 1.29% 280,763 SH
6 TELEDYNE TECHNOLOGIES INC TDY 879360105 $27.6M 1.23% 41,448 SH
7 TELEFLEX INCORPORATED TFX 879369106 $26.9M 1.20% 211,848 SH
8 ACADEMY SPORTS & OUTDOORS IN ASO 00402L107 $26.6M 1.18% 563,941 SH
9 QUAKER HOUGHTON KWR 747316107 $26.3M 1.17% 165,289 SH
10 ASSOCIATED BANC-CORP ASB 045487105 $25.7M 1.15% 835,979 SH
11 CASS INFORMATION SYS INC CASS 14808P109 $25.3M 1.13% 493,406 SH
12 CAPITAL CITY BANK CCBG 139674105 $24.7M 1.10% 500,000 SH
13 EZCORP INC EZPW 302301106 $24.4M 1.09% 705,906 SH
14 EVERTEC INC EVTC 30040P103 $23.3M 1.04% 840,400 SH
15 PRIMO BRANDS CORPORATION PRMB 741623102 $22.9M 1.02% 938,304 SH
16 VIPER ENERGY INC VNOM 64361Q101 $22.7M 1.01% 536,382 SH
17 INTEGER HLDGS CORP ITGR 45826H109 $22.4M 1.00% 240,234 SH
18 PUBLIC STORAGE PSA 74460D109 $22.1M 0.99% 69,500 SH
19 ELDORADO GOLD CORP NEW EGO 284902509 $22.1M 0.98% 709,550 SH
20 GATES INDL CORP PLC GTES G39108108 $21.9M 0.97% 782,644 SH
21 HUNT J B TRANS SVCS INC JBHT 445658107 $21.8M 0.97% 75,308 SH
22 ALLEGIANT TRAVEL CO ALGT 01748X102 $21.7M 0.97% 184,835 SH
23 EOG RES INC EOG 26875P101 $21.6M 0.96% 166,284 SH
24 SEACOAST BKG CORP FLA SBCF 811707801 $21.5M 0.96% 646,432 SH
25 NWPX INFRASTRUCTURE INC NWPX 667746101 $21.0M 0.93% 140,000 SH
26 CHIRON REAL ESTATE INC XRN 37954A303 $20.9M 0.93% 556,260 SH
27 CAMDEN PPTY TR CPT 133131102 $20.8M 0.93% 181,848 SH
28 PHINIA INC PHIN 71880K101 $20.8M 0.93% 252,333 SH
29 WATSCO INC WSO 942622200 $20.8M 0.93% 49,860 SH
30 I3 VERTICALS INC IIIV 46571Y107 $20.6M 0.92% 965,250 SH
31 NOV INC NOV 62955J103 $20.6M 0.92% 1,108,587 SH
32 EXELON CORP EXC 30161N101 $20.4M 0.91% 437,106 SH
33 BECTON DICKINSON & CO BDX 075887109 $19.6M 0.87% 129,740 SH
34 LXP INDUSTRIAL TRUST LXP 529043408 $19.6M 0.87% 363,350 SH
35 GLACIER BANCORP INC NEW GBCI 37637Q105 $18.7M 0.83% 361,699 SH
36 HEXCEL CORP NEW HXL 428291108 $18.0M 0.80% 179,935 SH
37 BARRETT BUSINESS SVCS INC BBSI 068463108 $16.0M 0.71% 450,000 SH
38 ARCBEST CORP ARCB 03937C105 $15.8M 0.70% 110,000 SH
39 MAGNOLIA OIL & GAS CORP MGY 559663109 $15.7M 0.70% 615,475 SH
40 HERSHEY CO HSY 427866108 $15.6M 0.69% 88,817 SH
41 COLUMBIA SPORTSWEAR CO COLM 198516106 $15.5M 0.69% 250,091 SH
42 MOHAWK INDS INC MHK 608190104 $15.3M 0.68% 126,088 SH
43 FORESTAR GROUP INC FOR 346232101 $15.0M 0.67% 474,813 SH
44 HAEMONETICS CORP MASS HAE 405024100 $15.0M 0.67% 200,000 SH
45 ASTEC INDS INC ASTE 046224101 $14.8M 0.66% 241,590 SH
46 COOPER COS INC COO 216648501 $14.6M 0.65% 203,834 SH
47 SHOALS TECHNOLOGIES GROUP IN SHLS 82489W107 $14.5M 0.65% 1,466,050 SH
48 LYFT INC LYFT 55087P104 $14.5M 0.64% 990,050 SH
49 SENSATA TECHNOLOGIES HLDG PL ST G8060N102 $14.1M 0.63% 295,650 SH
50 KEYSIGHT TECHNOLOGIES INC KEYS 49338L103 $13.8M 0.61% 39,354 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-11 $2.25B 244 0000892712-26-000340
2026-03-31 2026-05-06 $1.96B 244 0000892712-26-000226
2025-12-31 2026-02-11 $1.86B 253 0000892712-26-000080
Filer Information
Address
790 N WATER STREET
SUITE 1200
MILWAUKEE, WI 53202
Phone
(414) 347-7777
Filing Manager
HEARTLAND ADVISORS INC
MILWAUKEE, WI
Signatory
Vinita K. Paul
Vice President, General Counsel & Secretary