Heartland Advisors Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Heartland Advisors Inc. reported 198 stock positions worth $1.8 billion. Its top holding was Texas Capital Bancshares (TCBI) at 2.5% of the portfolio, followed by Mohawk Industries (MHK, 1.9%) and Teledyne Technologies (TDY, 1.7%). Compared with Q3 2024, it opened 22 new positions, sold out of 8, added to 40 and reduced 105. The biggest buy was a new position in Sysco (SYY) and the biggest sale an exit from Qorvo (QRVO).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0000937394
- Portfolio Value
- $1.8B (Q4 2024)
- SEC Filing
- 0000892712-25-000032 ↗ filed Feb 12, 2025
Holdings Value
Holdings 198 stocks · $1.8B
| TCBI Texas Capital Bancshares Inc. | 2.50% | 589,324 | $46.1M | Reduce -0.6% |
| MHK Mohawk Industries Inc. | 1.87% | 288,401 | $34.4M | Add +4.3% |
| TDY Teledyne Technologies Inc. | 1.68% | 66,562 | $30.9M | Reduce -3.9% |
| GBCI Glacier Bancorp Inc. | 1.54% | 565,756 | $28.4M | Reduce -7.5% |
| CNC Centene Corp. | 1.50% | 456,636 | $27.7M | Reduce -2.5% |
| PSA Public Storage | 1.45% | 88,896 | $26.6M | Reduce -4.5% |
| GTLS Chart Industries Inc. | 1.40% | 134,500 | $25.7M | Reduce -10.8% |
| NOV Nov Inc. | 1.37% | 1,722,786 | $25.2M | Reduce -11.1% |
| SBCF Seacoast Banking Corp. | 1.34% | 897,031 | $24.7M | Add +0.8% |
| SIMO Silicon Motion Technol-ADR | 1.31% | 447,138 | $24.2M | Add +21.6% |
| DGX Quest Diagnostics Inc. | 1.27% | 155,201 | $23.4M | Reduce -5.6% |
| BDX Becton Dickinson and Co. | 1.21% | 98,277 | $22.3M | Add +20.2% |
| PRGO Perrigo Co. PLC | 1.21% | 866,157 | $22.3M | Reduce -23.2% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 1.20% | 129,531 | $22.1M | Add +13.3% |
| CCBG Capital City Bank Group Inc. | 1.20% | 600,850 | $22.0M | Reduce -1.0% |
| LINC Lincoln Educational Services | 1.16% | 1,351,676 | $21.4M | Reduce -8.8% |
| KMB Kimberly-Clark Corp. | 1.13% | 159,217 | $20.9M | Add +6.6% |
| BBSI Barrett Business SVCS Inc. | 1.12% | 475,000 | $20.6M | No change |
| CPT Camden Property Trust | 1.10% | 175,061 | $20.3M | Reduce -1.1% |
| ESS Essex Property Trust Inc. | 1.08% | 69,501 | $19.8M | Reduce -3.4% |
| IIIV I3 Verticals Inc. Class A | 1.02% | 811,550 | $18.7M | Reduce -0.1% |
| FAF First American Financial | 1.01% | 298,475 | $18.6M | Reduce -4.3% |
| PCH Potlatchdeltic Corp. | 1.00% | 470,531 | $18.5M | Reduce -9.1% |
| KNX Knight-Swift Transportation | 1.00% | 347,686 | $18.4M | Reduce -13.1% |
| NTRS Northern Trust Corp. | 0.97% | 174,093 | $17.8M | Reduce -5.4% |
| CASS Cass Information Systems Inc. | 0.93% | 416,947 | $17.1M | Add +11.6% |
| FE Firstenergy Corp. | 0.92% | 424,864 | $16.9M | Reduce -1.6% |
| NSA National Storage Affiliates | 0.91% | 440,500 | $16.7M | Reduce -0.1% |
| MTG Mgic Investment Corp. | 0.89% | 687,870 | $16.3M | Reduce -7.0% |
| FBK FB Financial Corp. filed as FB FINL CORP | 0.87% | 311,415 | $16.0M | Reduce -3.1% |
| BALL Ball Corp. | 0.86% | 287,167 | $15.8M | Add +7.4% |
| NWPX NWPX Infrastructure Inc. filed as NORTHWEST PIPE CO | 0.86% | 326,700 | $15.8M | Reduce -11.0% |
| PRIM Primoris Services Corp. | 0.83% | 200,000 | $15.3M | No change |
| ORI Old Republic Intl Corp. | 0.81% | 414,253 | $15.0M | Reduce -0.6% |
| SYY Sysco Corp. | 0.81% | 193,917 | $14.8M | New |
| RHI Robert Half Inc. | 0.78% | 204,039 | $14.4M | Add +14.4% |
| EOG EOG Resources Inc. | 0.78% | 117,237 | $14.4M | Add +9.8% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.77% | 242,136 | $14.2M | Reduce -9.5% |
| PPG PPG Industries Inc. | 0.77% | 118,518 | $14.2M | Reduce -3.2% |
| CTRA Coterra Energy Inc. | 0.76% | 547,027 | $14.0M | Reduce -13.9% |
| ON On Semiconductor | 0.75% | 219,972 | $13.9M | Add +129.8% |
| FIS Fidelity National Info Serv | 0.74% | 168,471 | $13.6M | Reduce -12.8% |
| LDOS Leidos Holdings Inc. | 0.73% | 93,879 | $13.5M | Reduce -17.3% |
| XRAY Dentsply Sirona Inc. | 0.73% | 712,400 | $13.5M | Add +29.4% |
| DCI Donaldson Co. Inc. | 0.73% | 199,476 | $13.4M | Add +9.7% |
| CSV Carriage Services Inc. | 0.72% | 333,600 | $13.3M | Reduce -3.5% |
| WTW Willis Towers Watson PLC | 0.72% | 42,368 | $13.3M | Add +27.6% |
| HSY The Hershey Co. | 0.72% | 77,906 | $13.2M | Reduce -23.4% |
| EZPW Ezcorp Inc. Class A | 0.71% | 1,068,500 | $13.1M | Reduce -0.2% |
| THO Thor Industries Inc. | 0.71% | 136,236 | $13.0M | Add +83.9% |
| SMTC Semtech Corp. | 0.70% | 209,392 | $13.0M | Add +30.2% |
| CGAU Centerra Gold Inc. | 0.70% | 2,255,800 | $12.8M | Reduce -0.5% |
| IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L | 0.70% | 540,150 | $12.8M | Reduce -12.0% |
| RDN Radian Group Inc. | 0.69% | 400,000 | $12.7M | No change |
| GTES Gates Industrial Corp. UK Ltd. | 0.69% | 615,192 | $12.7M | Add +42.8% |
| WSO Watsco Inc. | 0.68% | 26,275 | $12.5M | Reduce -17.6% |
| PRMB Primo Brands Corp. | 0.67% | 400,000 | $12.3M | Reduce -38.5% |
| VNOM Viper Energy Inc. | 0.67% | 250,000 | $12.3M | Reduce -16.7% |
| PDCO Patterson Cos Inc. | 0.66% | 395,000 | $12.2M | Reduce -5.7% |
| SKX Skechers USA Inc. Class A | 0.66% | 180,652 | $12.1M | Add +31.2% |
| SEE Sealed Air Corp. | 0.66% | 358,872 | $12.1M | Add +5.2% |
| INGR Ingredion Inc. | 0.66% | 87,985 | $12.1M | Reduce -18.2% |
| NGD New Gold Inc. | 0.65% | 4,840,650 | $12.0M | Add +3.2% |
| CTS CTS Corp. | 0.64% | 224,736 | $11.9M | No change |
| CCS Century Communities Inc. | 0.63% | 157,999 | $11.6M | Reduce -2.2% |
| SF Stifel Financial Corp. | 0.62% | 107,026 | $11.4M | No change |
| EXC Exelon Corp. | 0.61% | 299,305 | $11.3M | Reduce -6.3% |
| WEC WEC Energy Group Inc. | 0.60% | 118,001 | $11.1M | Reduce -0.9% |
| TCBK Trico Bancshares | 0.59% | 250,000 | $10.9M | No change |
| SNN Smith & Nephew PLC -Spon ADR | 0.58% | 436,989 | $10.7M | Reduce -0.0% |
| PINE Alpine Income Property Trust | 0.58% | 630,750 | $10.6M | Reduce -0.3% |
| MTN Vail Resorts Inc. | 0.56% | 55,132 | $10.3M | Reduce -17.0% |
| FOR Forestar Group Inc. | 0.55% | 392,600 | $10.2M | Add +12.2% |
| PKG Packaging Corp. of America | 0.55% | 45,180 | $10.2M | Reduce -37.9% |
| LEU Centrus Energy Corp. Class A | 0.55% | 151,070 | $10.1M | Reduce -19.6% |
| THG Hanover Insurance Group Inc./ | 0.54% | 64,387 | $10.0M | Reduce -7.6% |
| UGI Ugi Corp. | 0.54% | 350,000 | $9.9M | Reduce -24.6% |
| HAYW Hayward Holdings Inc. | 0.52% | 627,754 | $9.6M | Reduce -4.9% |
| ASB Associated Banc-Corp. | 0.52% | 400,000 | $9.6M | No change |
| LOPE Grand Canyon Education Inc. | 0.51% | 57,098 | $9.4M | Reduce -5.1% |
| TFX Teleflex Inc. | 0.50% | 51,764 | $9.2M | Add +176.1% |
| HSTM Healthstream Inc. | 0.50% | 287,396 | $9.1M | Reduce -9.7% |
| LAMR Lamar Advertising Co. Class A | 0.50% | 74,910 | $9.1M | No change |
| MTRN Materion Corp. | 0.49% | 91,071 | $9.0M | No change |
| HNRG Hallador Energy Co. | 0.49% | 785,200 | $9.0M | Reduce -4.5% |
| LW Lamb Weston Holdings Inc. | 0.49% | 134,223 | $9.0M | Add +78.9% |
| CTBI Community Trust Bancorp Inc. | 0.49% | 169,025 | $9.0M | Reduce -0.8% |
| BRC Brady Corporation Class A | 0.48% | 119,227 | $8.8M | Add +6.5% |
| NFG National Fuel Gas Co. | 0.48% | 144,722 | $8.8M | Reduce -0.8% |
| PBPB Potbelly Corp. | 0.47% | 923,950 | $8.7M | Reduce -0.5% |
| STC Stewart Information Services | 0.46% | 125,000 | $8.4M | No change |
| AUDC Audiocodes Ltd. | 0.45% | 858,600 | $8.4M | Reduce -5.7% |
| KMX Carmax Inc. | 0.44% | 99,597 | $8.1M | Reduce -18.2% |
| APAM Artisan Partners Asset Ma -A | 0.44% | 187,377 | $8.1M | No change |
| PLAB Photronics Inc. | 0.44% | 340,600 | $8.0M | Add +0.6% |
| GVA Granite Construction Inc. | 0.43% | 91,231 | $8.0M | Reduce -15.2% |
| PCYO Pure Cycle Corp. | 0.43% | 627,264 | $8.0M | Add +17.5% |
| CUBI Customers Bancorp Inc. | 0.42% | 157,600 | $7.7M | New |
| HXL Hexcel Corp. | 0.41% | 121,409 | $7.6M | Add +10.4% |
| ARAY Accuray Inc. | 0.41% | 3,824,750 | $7.6M | Add +14.1% |
Portfolio Sells Q3 2024 → Q4 2024
| QRVO Qorvo Inc. | Sold out | 0.00% | −0.61 |
| FMC FMC Corp. | Reduce -53.3% | 0.28% | −0.50 |
| MUR Murphy Oil Corp. | Sold out | 0.00% | −0.47 |
| SAIC Science Applications Inte | Reduce -56.5% | 0.21% | −0.38 |
| CALM Cal-Maine Foods Inc. | Reduce -98.8% | 0.01% | −0.36 |
| CNC Centene Corp. | Reduce -2.5% | 1.50% | −0.34 |
| PRGO Perrigo Co. PLC | Reduce -23.2% | 1.21% | −0.34 |
| PSA Public Storage | Reduce -4.5% | 1.45% | −0.33 |
| HSY The Hershey Co. | Reduce -23.4% | 0.72% | −0.31 |
| ST Sensata Technologies Holdplc | Reduce -75.3% | 0.07% | −0.31 |
| PKG Packaging Corp. of America | Reduce -37.9% | 0.55% | −0.27 |
| AMN Amn Healthcare Services Inc. | Sold out | 0.00% | −0.26 |
| NOV Nov Inc. | Reduce -11.1% | 1.37% | −0.26 |
| GOLF Acushnet Holdings Corp. | Reduce -75.0% | 0.10% | −0.25 |
| CCS Century Communities Inc. | Reduce -2.2% | 0.63% | −0.24 |
| LDOS Leidos Holdings Inc. | Reduce -17.3% | 0.73% | −0.23 |
| PCH Potlatchdeltic Corp. | Reduce -9.1% | 1.00% | −0.22 |
| CEG Constellation Energy | Reduce -41.4% | 0.23% | −0.21 |
| SDRL Seadrill Limited | Sold out | 0.00% | −0.21 |
| NSA National Storage Affiliates | Reduce -0.1% | 0.91% | −0.21 |
| VLO Valero Energy Corp. | Reduce -38.5% | 0.28% | −0.21 |
| KMT Kennametal Inc. | Reduce -48.9% | 0.20% | −0.20 |
| HAE Haemonetics Corp. | Reduce -34.1% | 0.39% | −0.20 |
| PRMB Primo Brands Corp. | Reduce -38.5% | 0.67% | −0.19 |
| UMH Umh Properties Inc. | Sold out | 0.00% | −0.15 |
| CGAU Centerra Gold Inc. | Reduce -0.5% | 0.70% | −0.15 |
| WSO Watsco Inc. | Reduce -17.6% | 0.68% | −0.15 |
| FLS Flowserve Corp. | Sold out | 0.00% | −0.14 |
| HCSG Healthcare Services Group | Reduce -34.8% | 0.32% | −0.13 |
| SNN Smith & Nephew PLC -Spon ADR | Reduce -0.0% | 0.58% | −0.13 |
| KNX Knight-Swift Transportation | Reduce -13.1% | 1.00% | −0.13 |
| ALK Alaska Air Group Inc. | Reduce -49.1% | 0.38% | −0.12 |
| INGR Ingredion Inc. | Reduce -18.2% | 0.66% | −0.12 |
| SXT Sensient Technologies Corp. | Reduce -19.1% | 0.33% | −0.11 |
| FIS Fidelity National Info Serv | Reduce -12.8% | 0.74% | −0.11 |
| MTG Mgic Investment Corp. | Reduce -7.0% | 0.89% | −0.11 |
| DK Delek US Holdings Inc. | Reduce -29.0% | 0.28% | −0.11 |
| AOS Smith (a.o.) Corp. | Reduce -0.0% | 0.38% | −0.10 |
| KEX Kirby Corp. | Reduce -13.2% | 0.35% | −0.10 |
| PKE Park Aerospace Corp. | Sold out | 0.00% | −0.09 |
| CRL Charles River Laboratories | Reduce -33.4% | 0.16% | −0.09 |
| FE Firstenergy Corp. | Reduce -1.6% | 0.92% | −0.09 |
| PESI Perma-Fix Environmental SVCS | Reduce -20.0% | 0.24% | −0.08 |
| PPG PPG Industries Inc. | Reduce -3.2% | 0.77% | −0.08 |
| UGI Ugi Corp. | Reduce -24.6% | 0.54% | −0.07 |
| EXC Exelon Corp. | Reduce -6.3% | 0.61% | −0.07 |
| FAF First American Financial | Reduce -4.3% | 1.01% | −0.07 |
| DGX Quest Diagnostics Inc. | Reduce -5.6% | 1.27% | −0.07 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.06 |
| TEL Te Connectivity PLC | Reduce -17.4% | 0.24% | −0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| SYY Sysco Corp. | New | 0.81% | +0.81 |
| CUBI Customers Bancorp Inc. | New | 0.42% | +0.42 |
| LSEA Landsea Homes Corp. | New | 0.39% | +0.39 |
| ON On Semiconductor | Add +129.8% | 0.75% | +0.39 |
| KWR Quaker Chemical Corporation | New | 0.37% | +0.37 |
| MTDR Matador Resources Co. | New | 0.33% | +0.33 |
| SMTC Semtech Corp. | Add +30.2% | 0.70% | +0.32 |
| RJF Raymond James Financial Inc. | New | 0.31% | +0.31 |
| GTES Gates Industrial Corp. UK Ltd. | Add +42.8% | 0.69% | +0.29 |
| THO Thor Industries Inc. | Add +83.9% | 0.71% | +0.28 |
| TFX Teleflex Inc. | Add +176.1% | 0.50% | +0.26 |
| EGO Eldorado Gold Corp. | New | 0.26% | +0.26 |
| LW Lamb Weston Holdings Inc. | Add +78.9% | 0.49% | +0.23 |
| NVST Envista Holdings Corp. | New | 0.23% | +0.23 |
| WTW Willis Towers Watson PLC | Add +27.6% | 0.72% | +0.21 |
| CMCO Columbus McKinnon Corp. | New | 0.20% | +0.20 |
| BDX Becton Dickinson and Co. | Add +20.2% | 1.21% | +0.18 |
| SKX Skechers USA Inc. Class A | Add +31.2% | 0.66% | +0.18 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Add +13.3% | 1.20% | +0.17 |
| CWCO Consolidated Water Co.-Ord SH | New | 0.15% | +0.15 |
| RHI Robert Half Inc. | Add +14.4% | 0.78% | +0.15 |
| SIMO Silicon Motion Technol-ADR | Add +21.6% | 1.31% | +0.14 |
| CTOS Custom Truck One Source Inc. | Add +26.3% | 0.31% | +0.14 |
| PCYO Pure Cycle Corp. | Add +17.5% | 0.43% | +0.13 |
| CASS Cass Information Systems Inc. | Add +11.6% | 0.93% | +0.11 |
| VFC VF Corp. | Add +50.3% | 0.28% | +0.11 |
| QUAD Quad Graphics Inc. | New | 0.11% | +0.11 |
| PLYM Plymouth Industrial REIT Inc. | Add +75.5% | 0.34% | +0.10 |
| SBCF Seacoast Banking Corp. | Add +0.8% | 1.34% | +0.10 |
| ARAY Accuray Inc. | Add +14.1% | 0.41% | +0.10 |
| EOG EOG Resources Inc. | Add +9.8% | 0.78% | +0.09 |
| AVXL Anavex Life Sciences Corp. | New | 0.09% | +0.09 |
| PBF PBF Energy Inc. Class A | New | 0.08% | +0.08 |
| ASO Academy Sports & Outdoors Inc. | Add +40.0% | 0.22% | +0.07 |
| FCFS Firstcash Holdings Inc. | New | 0.06% | +0.06 |
| HXL Hexcel Corp. | Add +10.4% | 0.41% | +0.06 |
| ASTL Algoma Steel Group Inc. | Add +100.0% | 0.11% | +0.05 |
| ASTE Astec Industries Inc. | Add +4.1% | 0.34% | +0.04 |
| XLV SS Health Care Select Sector | New | 0.03% | +0.03 |
| W Wayfair Inc. Class A | Add +57.1% | 0.13% | +0.03 |
| BRC Brady Corporation Class A | Add +6.5% | 0.48% | +0.03 |
| DCI Donaldson Co. Inc. | Add +9.7% | 0.73% | +0.03 |
| KMB Kimberly-Clark Corp. | Add +6.6% | 1.13% | +0.02 |
| SEB Seaboard Corp. | Add +33.3% | 0.21% | +0.01 |
| XLP SS Consumer Staples Sel Sect | New | 0.01% | +0.01 |
| SEE Sealed Air Corp. | Add +5.2% | 0.66% | +0.01 |
| UL Unilever PLC | Add +16.6% | 0.20% | +0.01 |
| TXN Texas Instruments Inc. | Add +13.6% | 0.11% | +0.01 |
| XLE SS Energy Select Sector | New | 0.01% | +0.01 |
| XLB SS Materials Select Sector | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 244 | $2.2B | SIMO, CCS, CGAU, ECPG, TCBI |
| Q1 2026 | 244 | $2.0B | CGAU, TCBI, SIMO, ECPG, CCS |
| Q4 2025 | 253 | $1.9B | TCBI, CGAU, LINC, CCS, EGO |
| Q3 2025 | 237 | $1.9B | TCBI, SIMO, LINC, TDY, CCS |
| Q2 2025 | 213 | $1.8B | TCBI, SIMO, LINC, TDY, PSA |
| Q1 2025 | 202 | $1.7B | TCBI, TDY, MHK, PSA, NOV |
| Q4 2024 | 198 | $1.8B | TCBI, MHK, TDY, GBCI, CNC |
| Q3 2024 | 184 | $1.9B | MHK, TCBI, CNC, PSA, NOV |
| Q2 2024 | 178 | $1.8B | MHK, NOV, PRGO, DGX, TCBI |
| Q1 2024 | 175 | $1.9B | MHK, TCBI, NOV, PRGO, NTRS |