HEARTLAND ADVISORS INC

Q3 2025 13F-HR Holdings

Location
Milwaukee, WI
Holdings as of
9/30/2025
Date filed
11/7/2025
Form type
13F-HR
Num holdings
237
Total value ($000)
$1,892,908
Net value change ($000)
+99,431 (5.5%)
New positions
44
Sold out positions
20
Turnover %
11.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/11/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
WTRG 14,670 NEW
VNOM 13,377 NEW
ALGT 12,747 NEW
TFX 12,436 210.1%
PHIN 10,324 232.1%
XEL 9,917 NEW
CGAU 9,631 59.8%
ACGL 7,957 NEW
LYFT 7,520 135.0%
MGY 7,012 104.0%
Top Reduces (Value $000, Stocks/ETFs)
GTLS -17,872 -100.0%
KMX -14,315 -87.1%
LKQ -12,638 -100.0%
PCH -9,552 -86.2%
VNOM Sub, Inc. -9,533 -100.0%
CNC -9,181 -39.8%
LEU -7,959 -48.3%
XRAY -7,586 -31.3%
NOV -7,563 -33.7%
HCSG -7,249 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type