HA
Heartland Advisors Inc 13F Filing (Q2 2026) — Top Positions & Stock Picks
Heartland Advisors IncCIK: 0000937394
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$2.2B
Reporting period: 2026-06-30 · Number of holdings: 244
HEARTLAND ADVISORS INC disclosed 244 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $2.2B and a quarterly turnover rate of 27.6%.
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Personality snowflake
- Concentration
- 2.78
- Portfolio Stability
- 27.63
- Momentum
- 100
- Sector conviction
- 36.63
- Diversification
- 100
- Sizing Uniformity
- 91.66
Heartland Advisors Inc's disclosed holdings carry a Herfindahl concentration index of 0.007 — mathematically equivalent to about 144 equally-sized positions, well below its 244 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.83), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 55% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd EVTC
+236.2% $16.3M
Sold out 128246105
Trim LINC
-72.0% -$9.5M
Trim CGAU
-3.0% -$5.3M
Add HAE
+135.3% $10.2M
Add CLB
+605.5% $9.8M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 244 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SIMO | Silicon Motion Technol-adr | Stock-Other | 1.84% | +0.40% | -50.85% | |
| 2 | CCS | Century Communities Inc | Stock-Other | 1.65% | +0.32% | +13.60% | |
| 3 | CGAU | Centerra Gold Inc | Stock-Other | 1.52% | -0.49% | -3.04% | |
| 4 | ECPG | Encore Capital Group Inc | Stock-Other | 1.51% | +0.12% | -6.59% | |
| 5 | TCBI | Texas Capital Bancshares Inc | Stock-Financials | 1.29% | -0.32% | -15.76% | |
| 6 | TDY | Teledyne Technologies Inc | Stock-Tech | 1.23% | -0.06% | -0.85% | |
| 7 | TFX | Teleflex Inc | Stock-Healthcare | 1.20% | -0.12% | -1.92% | |
| 8 | ASO | Academy Sports & Outdoors In | Stock-Consumer Disc | 1.18% | +0.23% | +71.23% | |
| 9 | KWR | Quaker Chemical Corporation | Stock-Other | 1.17% | +0.35% | +27.35% | |
| 10 | ASB | Associated Banc-corp | Stock-Financials | 1.15% | -0.01% | -4.56% | |
| 11 | CASS | Cass Information Systems Inc | Stock-Other | 1.13% | +0.07% | +4.86% | |
| 12 | CCBG | Capital City Bank Group Inc | Stock-Other | 1.10% | -0.01% | — | |
| 13 | EZPW | Ezcorp Inc-cl A | Stock-Other | 1.09% | +0.18% | — | |
| 14 | EVTC | Evertec Inc | Stock-Other | 1.04% | +0.68% | +236.16% | |
| 15 | PRMB | Primo Brands CORP | Stock-Consumer Staples | 1.02% | +0.18% | +7.18% | |
| 16 | VNOM | Viper Energy Inc-cl A | Stock-Energy | 1.01% | -0.26% | +1.11% | |
| 17 | ITGR | Integer Holdings CORP | Stock-Healthcare | 1.00% | -0.11% | -3.12% | |
| 18 | PSA | Public Storage | Stock-Real Estate | 0.99% | -0.11% | -11.94% | |
| 19 | EGO | Eldorado Gold CORP | Stock-Other | 0.98% | -0.25% | +0.97% | |
| 20 | GTES | Gates Industrial Corporation plc | Stock-Industrials | 0.97% | +0.04% | -2.58% | |
| 21 | JBHT | Hunt (jb) Transprt Svcs Inc | Stock-Industrials | 0.97% | -0.01% | -17.15% | |
| 22 | ALGT | Allegiant Travel Co | Stock-Other | 0.97% | +0.21% | +0.45% | |
| 23 | EOG | Eog Resources Inc | Stock-Energy | 0.96% | -0.12% | +13.28% | |
| 24 | SBCF | Seacoast Banking Corp/fl | Stock-Other | 0.96% | — | +3.93% | |
| 25 | NWPX | Nwpx Infrastructure Inc | Stock-Other | 0.93% | +0.14% | -30.00% | |
| 26 | XRN | Chiron Real Estate Inc | Stock-Other | 0.93% | +0.18% | +25.26% | |
| 27 | CPT | Camden Property Trust | Stock-Real Estate | 0.93% | — | -2.82% | |
| 28 | PHIN | Phinia Inc | Stock-Consumer Disc | 0.93% | +0.03% | -1.94% | |
| 29 | WSO | Watsco Inc | Stock-Industrials | 0.93% | -0.03% | -3.36% | |
| 30 | IIIV | I3 Verticals Inc-class A | Stock-Other | 0.92% | +0.23% | +59.03% | |
| 31 | NOV | Nov Inc | Stock-Energy | 0.92% | -0.23% | -7.18% | |
| 32 | EXC | Exelon CORP | Stock-Utilities | 0.91% | -0.18% | -0.07% | |
| 33 | BDX | Becton Dickinson And Co | Stock-Healthcare | 0.87% | -0.06% | +11.51% | |
| 34 | LXP | Lxp Industrial Trust | Stock-Other | 0.87% | +0.32% | +57.02% | |
| 35 | GBCI | Glacier Bancorp Inc | Stock-Financials | 0.83% | -0.02% | -2.78% | |
| 36 | HXL | Hexcel CORP | Stock-Industrials | 0.80% | +0.11% | +8.19% | |
| 37 | BBSI | Barrett Business Svcs Inc | Stock-Other | 0.71% | +0.04% | — | |
| 38 | ARCB | Arcbest CORP | Stock-Other | 0.70% | +0.15% | — | |
| 39 | MGY | Magnolia Oil & Gas CORP - A | Stock-Energy | 0.70% | -0.32% | -2.38% | |
| 40 | HSY | Hershey Co/the | Stock-Consumer Staples | 0.69% | -0.25% | -0.05% | |
| 41 | COLM | Columbia Sportswear Co | Stock-Other | 0.69% | +0.03% | +6.38% | |
| 42 | MHK | Mohawk Industries Inc | Stock-Consumer Disc | 0.68% | -0.06% | -14.61% | |
| 43 | FOR | Forestar Group Inc | Stock-Other | 0.67% | +0.04% | -5.99% | |
| 44 | HAE | Haemonetics Corp/mass | Stock-Other | 0.67% | +0.43% | +135.29% | |
| 45 | ASTE | Astec Industries Inc | Stock-Other | 0.66% | +0.03% | +5.53% | |
| 46 | COO | Cooper Cos Inc/the | Stock-Healthcare | 0.65% | -0.16% | -8.04% | |
| 47 | SHLS | Shoals Technologies Group -a | Stock-Other | 0.65% | +0.30% | +38.81% | |
| 48 | LYFT | Lyft Inc-a | Stock-Tech | 0.64% | +0.08% | +20.27% | |
| 49 | ST | Sensata Technologies Holding plc | Stock-Tech | 0.63% | +0.21% | +26.71% | |
| 50 | KEYS | Keysight Technologies In | Stock-Tech | 0.61% | +0.02% | -3.25% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+4%
Performance Last 4 Quarters
+22.1%
- Stdev
- +16.3%
- Beta
- +0.87
- Alpha
- -1.9%
- Max Drawdown
- -13.8%
- Annualized Perf
- +15.2%
- Batting Avg vs S&P
- +30.6%
- Sortino
- +1.77
- Stutzer
- +0.28
- Treynor
- +0.18
- Sterling
- +0.82
- Calmar
- +1.1
- Information Ratio
- -0.38
- Tracking Error
- +12%
- Stdev Down
- +8.7%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +36.1%
- Worst 12 Months
- +0.1%
- Efficiency Ratio
- +0.37
- Sharpe
- +0.95
- Stdev Sectors
- +5.3%
- Skewness
- +0.01
- Kurtosis
- -0.99
- Upside Potential
- +3.61
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 244 | $2.2B | 28 | ||
| 2026 Q1 | 244 | $2.0B | 32 | ||
| 2025 Q4 | 253 | $1.9B | 31 | ||
| 2025 Q3 | 237 | $1.9B | 50 | ||
| 2025 Q2 | 213 | $1.8B | 0 | ||
| 2025 Q1 | 202 | $1.7B | 100 | ||
| 2024 Q4 | 198 | $1.8B | 0 | ||
| 2024 Q3 | 184 | $1.9B | 0 | ||
| 2024 Q2 | 178 | $1.8B | 0 | ||
| 2024 Q1 | 175 | $1.9B | 0 | ||
| 2023 Q4 | 183 | $1.9B | 0 | ||
| 2023 Q3 | 178 | $1.8B | 0 | ||
| 2023 Q2 | 174 | $1.7B | 0 | ||
| 2023 Q1 | 174 | $1.6B | 0 | ||
| 2022 Q4 | 182 | $1.6B | 0 | ||
| 2022 Q3 | 180 | $1.3B | 0 | ||
| 2022 Q2 | 189 | $1.4B | 0 | ||
| 2022 Q1 | 192 | $1.6B | 0 | ||
| 2021 Q4 | 202 | $1.7B | 0 | ||
| 2021 Q3 | 212 | $1.7B | 0 | ||
| 2021 Q2 | 217 | $1.7B | 100 | ||
| 2021 Q1 | 222 | $1.6B | 42 | ||
| 2020 Q4 | 215 | $1.4B | 47 | ||
| 2020 Q3 | 210 | $1.1B | 32 | ||
| 2020 Q2 | 204 | $1.1B | 37 | ||
| 2020 Q1 | 195 | $936.0M | 66 | ||
| 2019 Q4 | 196 | $1.4B | 30 | ||
| 2019 Q3 | 194 | $1.3B | 26 | ||
| 2019 Q2 | 196 | $1.4B | 33 | ||
| 2019 Q1 | 195 | $1.4B | 29 | ||
| 2018 Q4 | 189 | $1.2B | 37 | ||
| 2018 Q3 | 201 | $1.5B | 28 | ||
| 2018 Q2 | 199 | $1.5B | 29 | ||
| 2018 Q1 | 206 | $1.5B | 30 | ||
| 2017 Q4 | 196 | $1.6B | 30 | ||
| 2017 Q3 | 194 | $1.5B | 26 | ||
| 2017 Q2 | 193 | $1.6B | 40 | ||
| 2017 Q1 | 201 | $1.6B | 35 | ||
| 2016 Q4 | 199 | $1.8B | 47 | ||
| 2016 Q3 | 198 | $1.7B | 45 | ||
| 2016 Q2 | 188 | $1.8B | 39 | ||
| 2016 Q1 | 189 | $1.9B | 47 | ||
| 2015 Q4 | 214 | $2.5B | 33 | ||
| 2015 Q3 | 227 | $2.7B | 37 | ||
| 2015 Q2 | 240 | $3.6B | 30 | ||
| 2015 Q1 | 243 | $4.0B | 40 | ||
| 2014 Q4 | 259 | $5.1B | 27 | ||
| 2014 Q3 | 249 | $5.2B | 22 | ||
| 2014 Q2 | 259 | $5.8B | 25 | ||
| 2014 Q1 | 253 | $5.7B | 28 | ||
| 2013 Q4 | 254 | $5.8B | 27 | ||
| 2013 Q3 | 253 | $5.5B | 24 | ||
| 2013 Q2 | 269 | $5.4B | — |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Heartland Advisors Inc's most significant position changes for 2026-06-30: Sold out: Calavo Growers Inc; New buy: Parsons CORP (PSN); Sold out: National Storage Affiliates (NSA); New buy: Federal Agric Mtg Corp-cl C (AGM); New buy: Hillman Solutions CORP (HLMN).
Showing top 200 changes by size (of 256 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | EVTC | Evertec Inc | +0.7% | +236.16% | Add |
| 2 | HAE | Haemonetics Corp/mass | +0.4% | +135.29% | Add |
| 3 | CLB | Core Laboratories Inc | +0.4% | +605.54% | Add |
| 4 | SIMO | Silicon Motion Technol-adr | +0.4% | -50.85% | Trim |
| 5 | KWR | Quaker Chemical Corporation | +0.4% | +27.35% | Add |
| 6 | PSN | Parsons CORP | +0.4% | NEW | New buy |
| 7 | HUM | Humana Inc | +0.3% | +38.77% | Add |
| 8 | AGM | Federal Agric Mtg Corp-cl C | +0.3% | NEW | New buy |
| 9 | CCS | Century Communities Inc | +0.3% | +13.60% | Add |
| 10 | LXP | Lxp Industrial Trust | +0.3% | +57.02% | Add |
| 11 | SHLS | Shoals Technologies Group -a | +0.3% | +38.81% | Add |
| 12 | SANM | Sanmina CORP | +0.3% | +25.00% | Add |
| 13 | HLMN | Hillman Solutions CORP | +0.3% | NEW | New buy |
| 14 | ICLR | ICON Public Limited Company | +0.3% | +185.34% | Add |
| 15 | ASO | Academy Sports & Outdoors In | +0.2% | +71.23% | Add |
| 16 | IIIV | I3 Verticals Inc-class A | +0.2% | +59.03% | Add |
| 17 | TTI | Tetra Technologies Inc | +0.2% | +62.94% | Add |
| 18 | IFF | Intl Flavors & Fragrances | +0.2% | NEW | New buy |
| 19 | CNC | Centene CORP | +0.2% | +20.96% | Add |
| 20 | WAT | Waters CORP | +0.2% | +96.32% | Add |
| 21 | GBX | Greenbrier Companies Inc | +0.2% | NEW | New buy |
| 22 | ALGT | Allegiant Travel Co | +0.2% | +0.45% | Add |
| 23 | ST | Sensata Technologies Holding plc | +0.2% | +26.71% | Add |
| 24 | WEC | Wec Energy Group Inc | +0.2% | +81.93% | Add |
| 25 | DDI | Doubledown Interactive -adr | +0.2% | +87.50% | Add |
| 26 | EZPW | Ezcorp Inc-cl A | +0.2% | — | Unchanged |
| 27 | PRMB | Primo Brands CORP | +0.2% | +7.18% | Add |
| 28 | XRN | Chiron Real Estate Inc | +0.2% | +25.26% | Add |
| 29 | MTRN | Materion CORP | +0.2% | -16.14% | Trim |
| 30 | WNC | Wabash National CORP | +0.2% | NEW | New buy |
| 31 | AVO | Mission Produce Inc | +0.2% | NEW | New buy |
| 32 | MSA | Msa Safety Inc | +0.2% | +76.03% | Add |
| 33 | ARCB | Arcbest CORP | +0.2% | — | Unchanged |
| 34 | UTL | Unitil CORP | +0.2% | +54.90% | Add |
| 35 | NWPX | Nwpx Infrastructure Inc | +0.1% | -30.00% | Trim |
| 36 | SAH | Sonic Automotive Inc-class A | +0.1% | +19.78% | Add |
| 37 | MOH | Molina Healthcare Inc | +0.1% | — | Unchanged |
| 38 | SMTC | Semtech CORP | +0.1% | -13.65% | Trim |
| 39 | ACNT | Ascent Industries Co | +0.1% | NEW | New buy |
| 40 | ECPG | Encore Capital Group Inc | +0.1% | -6.59% | Trim |
| 41 | HXL | Hexcel CORP | +0.1% | +8.19% | Add |
| 42 | IEX | Idex CORP | +0.1% | +65.92% | Add |
| 43 | PXED | Phoenix Education Partners I | +0.1% | NEW | New buy |
| 44 | RNST | Renasant CORP | +0.1% | +27.94% | Add |
| 45 | SON | Sonoco Products Co | +0.1% | +50.00% | Add |
| 46 | LYFT | Lyft Inc-a | +0.1% | +20.27% | Add |
| 47 | QNST | Quinstreet Inc | +0.1% | +20.00% | Add |
| 48 | ARMK | Aramark | +0.1% | — | Unchanged |
| 49 | NRC | Nrc Health | +0.1% | +26.50% | Add |
| 50 | CASS | Cass Information Systems Inc | +0.1% | +4.86% | Add |
1–50 of 200
Filing History
FAQ
What is Heartland Advisors Inc and what type of investor is it?
Heartland Advisors Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $2.2B, spread across 244 disclosed positions.
What are Heartland Advisors Inc's largest equity positions?
Based on the latest 13F filing, Heartland Advisors Inc's top holdings by market value are:
1. Silicon Motion Technol-adr (SIMO) — $41.3M (1.8%)
2. Century Communities Inc (CCS) — $37.0M (1.6%)
3. Centerra Gold Inc (CGAU) — $34.1M (1.5%)
4. Encore Capital Group Inc (ECPG) — $33.8M (1.5%)
5. Texas Capital Bancshares Inc (TCBI) — $29.0M (1.3%)
What changes did Heartland Advisors Inc make in its most recent portfolio filing?
In the latest reported quarter, Heartland Advisors Inc made 172 notable position adjustments: 10 new positions were initiated, 63 existing holdings were added to, 89 positions were partially reduced, and 10 were completely exited. The largest of these moves: Sold out: Calavo Growers Inc; New buy: Parsons CORP (PSN); Sold out: National Storage Affiliates (NSA); New buy: Federal Agric Mtg Corp-cl C (AGM); New buy: Hillman Solutions CORP (HLMN)
What sectors does Heartland Advisors Inc focus on?
Heartland Advisors Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 16.4%
• Industrials: 16.3%
• Financials: 15.3%
• Information Technology: 12.2%
• Consumer Discretionary: 11.7%
• Energy: 8.8%
Investment Profile
Heartland Advisors Inc returned an annualized 15.2% over the trailing 36 months — underperforming the S&P 500 by 1.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.87 (less volatile than the market) and a 31% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 28 over the past 4 quarters — a shift toward more active trading.
It has added to its EVTC position over the past two quarters (+$16.4M, now $23.3M), while trimming LINC over the same stretch (-$26.2M, still holding $5.0M).
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Developer Access
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