CIK: 0000937394
Total reported value
$2.0B
Reporting period: 2026-03-31 · Number of holdings: 244
HEARTLAND ADVISORS INC disclosed 244 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.0B and a quarterly turnover rate of 32.1%.
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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 0.84), 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 58% 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.
Trim LINC
-72.3% -$16.6M
Add TFX
+107.8% $13.2M
Add XRAY
+490.6% $9.2M
Add KEYS
+239.0% $9.0M
Add COLM
+198.8% $8.6M
Add PRMB
+83.5% $8.7M
Showing top 200 holdings (of 244 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CGAU | Centerra Gold INC | Stock-Other | 2.01% | +0.31% | +0.67% | |
| 2 | TCBI | Texas Capital Bancshares INC | Stock-Financials | 1.61% | — | -4.70% | |
| 3 | SIMO | Silicon Motion Technol-adr | Stock-Other | 1.44% | — | -7.46% | |
| 4 | ECPG | Encore Capital Group INC | Stock-Other | 1.39% | +0.26% | +0.67% | |
| 5 | CCS | Century Communities INC | Stock-Other | 1.33% | — | -0.15% | |
| 6 | TFX | Teleflex INC | Stock-Healthcare | 1.32% | +0.64% | +107.84% | |
| 7 | TDY | Teledyne Technologies INC | Stock-Tech | 1.29% | — | -16.55% | |
| 8 | VNOM | Viper Energy Inc-cl A | Stock-Energy | 1.27% | +0.20% | +3.16% | |
| 9 | EGO | Eldorado Gold CORP | Stock-Other | 1.23% | — | -4.18% | |
| 10 | ASB | Associated Banc-corp | Stock-Financials | 1.16% | — | -0.32% | |
| 11 | NOV | Nov INC | Stock-Energy | 1.15% | +0.23% | +9.65% | |
| 12 | ITGR | Integer Holdings CORP | Stock-Healthcare | 1.11% | — | +2.17% | |
| 13 | CCBG | Capital City Bank Group INC | Stock-Other | 1.11% | — | — | |
| 14 | EXC | Exelon CORP | Stock-Utilities | 1.09% | — | +8.89% | |
| 15 | PSA | Public Storage | Stock-Real Estate | 1.09% | — | -2.56% | |
| 16 | EOG | Eog Resources INC | Stock-Energy | 1.08% | +0.21% | -4.48% | |
| 17 | CASS | Cass Information Systems INC | Stock-Other | 1.06% | — | +1.18% | |
| 18 | MGY | Magnolia Oil & Gas CORP - A | Stock-Energy | 1.02% | +0.25% | -3.19% | |
| 19 | JBHT | Hunt (jb) Transprt Svcs INC | Stock-Industrials | 0.98% | — | +0.34% | |
| 20 | SBCF | Seacoast Banking Corp/fl | Stock-Other | 0.96% | — | -1.59% | |
| 21 | WSO | Watsco INC | Stock-Industrials | 0.96% | — | +14.27% | |
| 22 | ASO | Academy Sports & Outdoors In | Stock-Consumer Disc | 0.95% | — | +1.26% | |
| 23 | HSY | Hershey Co/the | Stock-Consumer Staples | 0.94% | — | -8.56% | |
| 24 | BDX | Becton Dickinson And Co | Stock-Healthcare | 0.93% | — | +16.05% | |
| 25 | CPT | Camden Property Trust | Stock-Real Estate | 0.93% | +0.20% | +52.30% | |
| 26 | GTES | Gates Industrial Corporation plc | Stock-Industrials | 0.93% | — | +8.54% | |
| 27 | EZPW | Ezcorp Inc-cl A | Stock-Other | 0.91% | — | — | |
| 28 | PHIN | Phinia INC | Stock-Consumer Disc | 0.90% | — | +0.13% | |
| 29 | GBCI | Glacier Bancorp INC | Stock-Financials | 0.85% | — | +0.13% | |
| 30 | PRMB | Primo Brands CORP | Stock-Consumer Staples | 0.84% | +0.42% | +83.49% | |
| 31 | KWR | Quaker Chemical Corporation | Stock-Other | 0.82% | — | +4.61% | |
| 32 | COO | Cooper Cos Inc/the | Stock-Healthcare | 0.81% | — | +18.37% | |
| 33 | NWPX | Nwpx Infrastructure INC | Stock-Other | 0.79% | — | -18.37% | |
| 34 | PLAB | Photronics INC | Stock-Other | 0.76% | — | -3.76% | |
| 35 | ALGT | Allegiant Travel Co | Stock-Other | 0.76% | — | -11.23% | |
| 36 | XRN | Chiron Real Estate INC | Stock-Other | 0.75% | — | +4.87% | |
| 37 | THO | Thor Industries INC | Stock-Consumer Disc | 0.75% | — | +12.73% | |
| 38 | MHK | Mohawk Industries INC | Stock-Consumer Disc | 0.74% | -0.29% | -15.31% | |
| 39 | LINC | Lincoln Educational Services | Stock-Other | 0.74% | -0.94% | -72.31% | |
| 40 | SYY | Sysco CORP | Stock-Consumer Staples | 0.69% | — | +22.85% | |
| 41 | IIIV | I3 Verticals Inc-class A | Stock-Other | 0.69% | — | +11.05% | |
| 42 | HXL | Hexcel CORP | Stock-Industrials | 0.69% | — | +0.02% | |
| 43 | FE | Firstenergy CORP | Stock-Utilities | 0.68% | — | -9.30% | |
| 44 | BBSI | Barrett Business Svcs INC | Stock-Other | 0.67% | — | — | |
| 45 | COLM | Columbia Sportswear Co | Stock-Other | 0.66% | +0.43% | +198.76% | |
| 46 | FOR | Forestar Group INC | Stock-Other | 0.63% | — | -0.27% | |
| 47 | ASTE | Astec Industries INC | Stock-Other | 0.63% | — | -0.15% | |
| 48 | TCBK | Trico Bancshares | Stock-Other | 0.61% | — | — | |
| 49 | MUSA | Murphy USA INC | Stock-Consumer Disc | 0.61% | +0.61% | NEW | |
| 50 | CUBI | Customers Bancorp INC | Stock-Other | 0.60% | — | -6.62% |
Performance for Q3 2026
+5.7%
Performance Last 4 Quarters
+31.4%
Based on 74% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 244 | $2.0B | 32 | |
| 2025-12-31 | 253 | $1.9B | 31 | |
| 2025-09-30 | 237 | $1.9B | 50 | |
| 2025-06-30 | 213 | $1.8B | 0 | |
| 2025-03-31 | 202 | $1.7B | 100 | |
| 2024-12-31 | 198 | $1.8B | 0 | |
| 2024-09-30 | 184 | $1.9B | 0 | |
| 2024-06-30 | 178 | $1.8B | 0 | |
| 2024-03-31 | 175 | $1.9B | 0 | |
| 2023-12-31 | 183 | $1.9B | 0 | |
| 2023-09-30 | 178 | $1.8B | 0 | |
| 2023-06-30 | 174 | $1.7B | 0 | |
| 2023-03-31 | 174 | $1.6B | 0 | |
| 2022-12-31 | 182 | $1.6B | 0 | |
| 2022-09-30 | 180 | $1.3B | 0 | |
| 2022-06-30 | 189 | $1.4B | 0 | |
| 2022-03-31 | 192 | $1.6B | 0 | |
| 2021-12-31 | 202 | $1.7B | 0 | |
| 2021-09-30 | 212 | $1.7B | 0 | |
| 2021-06-30 | 217 | $1.7B | 100 | |
| 2021-03-31 | 222 | $1.6B | 42 | |
| 2020-12-31 | 215 | $1.4B | 47 | |
| 2020-09-30 | 210 | $1.1B | 32 | |
| 2020-06-30 | 204 | $1.1B | 37 | |
| 2020-03-31 | 195 | $936.0M | 66 | |
| 2019-12-31 | 196 | $1.4B | 30 | |
| 2019-09-30 | 194 | $1.3B | 26 | |
| 2019-06-30 | 196 | $1.4B | 33 | |
| 2019-03-31 | 195 | $1.4B | 29 | |
| 2018-12-31 | 189 | $1.2B | 37 | |
| 2018-09-30 | 201 | $1.5B | 28 | |
| 2018-06-30 | 199 | $1.5B | 29 | |
| 2018-03-31 | 206 | $1.5B | 30 | |
| 2017-12-31 | 196 | $1.6B | 30 | |
| 2017-09-30 | 194 | $1.5B | 26 | |
| 2017-06-30 | 193 | $1.6B | 40 | |
| 2017-03-31 | 201 | $1.6B | 35 | |
| 2016-12-31 | 199 | $1.8B | 47 | |
| 2016-09-30 | 198 | $1.7B | 45 | |
| 2016-06-30 | 188 | $1.8B | 39 | |
| 2016-03-31 | 189 | $1.9B | 47 | |
| 2015-12-31 | 214 | $2.5B | 33 | |
| 2015-09-30 | 227 | $2.7B | 37 | |
| 2015-06-30 | 240 | $3.6B | 30 | |
| 2015-03-31 | 243 | $4.0B | 40 | |
| 2014-12-31 | 259 | $5.1B | 27 | |
| 2014-09-30 | 249 | $5.2B | 22 | |
| 2014-06-30 | 259 | $5.8B | 25 | |
| 2014-03-31 | 253 | $5.7B | 28 | |
| 2013-12-31 | 254 | $5.8B | 27 | |
| 2013-09-30 | 253 | $5.5B | 24 | |
| 2013-06-30 | 269 | $5.4B | — |
Heartland Advisors INC's most significant position changes for 2026-03-31: Sold out: Ugi CORP (UGI); New buy: Murphy USA INC (MUSA); New buy: Getty Realty CORP (GTY); Sold out: Radian Group INC (RDN); New buy: Lxp Industrial Trust (LXP).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TFX | Teleflex INC | +0.6% | +107.84% | Add |
| 2 | XRAY | Dentsply Sirona INC | +0.5% | +490.61% | Add |
| 3 | KEYS | Keysight Technologies In | +0.5% | +238.97% | Add |
| 4 | COLM | Columbia Sportswear Co | +0.4% | +198.76% | Add |
| 5 | PRMB | Primo Brands CORP | +0.4% | +83.49% | Add |
| 6 | CGAU | Centerra Gold INC | +0.3% | +0.67% | Add |
| 7 | ARCB | Arcbest CORP | +0.3% | +83.33% | Add |
| 8 | AQN | Algonquin Power & Utilities | +0.3% | +178.41% | Add |
| 9 | ECPG | Encore Capital Group INC | +0.3% | +0.67% | Add |
| 10 | MGY | Magnolia Oil & Gas CORP - A | +0.3% | -3.19% | Trim |
| 11 | NOV | Nov INC | +0.2% | +9.65% | Add |
| 12 | EOG | Eog Resources INC | +0.2% | -4.48% | Trim |
| 13 | VNOM | Viper Energy Inc-cl A | +0.2% | +3.16% | Add |
| 14 | CPT | Camden Property Trust | +0.2% | +52.30% | Add |
| 15 | LTRX | Lantronix INC | -0.3% | -43.75% | Trim |
| 16 | MHK | Mohawk Industries INC | -0.3% | -15.31% | Trim |
| 17 | MTG | Mgic Investment CORP | -0.3% | -21.74% | Trim |
| 18 | NTRS | Northern Trust CORP | -0.3% | -36.79% | Trim |
| 19 | NSA | National Storage Affiliates | -0.4% | -58.52% | Trim |
| 20 | DCI | Donaldson Co INC | -0.4% | -31.92% | Trim |
| 21 | PNC | Pnc Financial Services Group | -0.4% | -44.23% | Trim |
| 22 | TEL | TE Connectivity plc | -0.4% | -62.04% | Trim |
| 23 | LINC | Lincoln Educational Services | -0.9% | -72.31% | Trim |
| 24 | UGI | Ugi CORP | — | EXIT | Sold out |
| 25 | MUSA | Murphy USA INC | — | NEW | New buy |
| 26 | GTY | Getty Realty CORP | — | NEW | New buy |
| 27 | RDN | Radian Group INC | — | EXIT | Sold out |
| 28 | LXP | Lxp Industrial Trust | — | NEW | New buy |
| 29 | KMB | Kimberly-clark CORP | — | EXIT | Sold out |
| 30 | SNN | Smith & Nephew PLC -spon Adr | — | EXIT | Sold out |
| 31 | 8TG | Thermon Group Holdings INC | — | EXIT | Sold out |
| 32 | ADTN | Adtran Holdings INC | — | NEW | New buy |
| 33 | SAH | Sonic Automotive Inc-class A | — | NEW | New buy |
| 34 | NIC | Nicolet Bankshares INC | — | NEW | New buy |
| 35 | ALEX | Alexander & Baldwin INC | — | EXIT | Sold out |
| 36 | UTL | Unitil CORP | — | NEW | New buy |
| 37 | ESS | Essex Property Trust INC | — | EXIT | Sold out |
| 38 | SHLS | Shoals Technologies Group -a | — | NEW | New buy |
| 39 | MOFG | Midwestone Financial Group I | — | EXIT | Sold out |
| 40 | SLB | Slb LTD | — | NEW | New buy |
| 41 | PLYM | Plymouth Industrial Reit INC | — | EXIT | Sold out |
| 42 | CHH | Choice Hotels Intl INC | — | NEW | New buy |
| 43 | QNST | Quinstreet INC | — | NEW | New buy |
| 44 | QRVO | Qorvo INC | — | EXIT | Sold out |
| 45 | KDP | Keurig Dr Pepper INC | — | EXIT | Sold out |
| 46 | MLR | Miller Industries Inc/tenn | — | NEW | New buy |
| 47 | SUI | Sun Communities INC | — | EXIT | Sold out |
| 48 | SANM | Sanmina CORP | — | NEW | New buy |
| 49 | NGDN | New Gold INC | — | EXIT | Sold out |
| 50 | MSA | Msa Safety INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-06 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-11 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-07 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-12 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-07 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-12 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-12 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-08 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-07 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-08 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-08 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-10 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-11 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-08 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-10 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-12 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-12 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-09 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-09 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-11 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-12 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-11 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-12 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-12 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-13 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-11 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-12 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-08 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-13 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-12 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-08 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-02 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-10 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-02 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-25 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-08 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-01 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-31 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-04 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-04 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-03 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-08 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-04 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-12 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-12 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-12 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-13 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-14 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-09 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-26 | Amendment | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-14 | 13F-HR | View on EDGAR |
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