Heartland Advisors Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), Heartland Advisors Inc. reported 244 stock positions worth $2.0 billion. Its top holding was Centerra Gold (CGAU) at 2.0% of the portfolio, followed by Texas Capital Bancshares (TCBI, 1.6%) and Silicon Motion Technol-ADR (SIMO, 1.4%). Compared with Q4 2025, it opened 22 new positions, sold out of 31, added to 99 and reduced 90. The biggest buy was Teleflex (TFX, shares +108%) and the biggest sale Lincoln Educational Services (LINC, shares −72%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0000937394
- Portfolio Value
- $2.0B (Q1 2026)
- SEC Filing
- 0000892712-26-000226 ↗ filed May 6, 2026
Holdings Value
Holdings 244 stocks · $2.0B
| CGAU Centerra Gold Inc. | 2.01% | 2,216,216 | $39.4M | Add +0.7% |
| TCBI Texas Capital Bancshares Inc. | 1.61% | 333,275 | $31.6M | Reduce -4.7% |
| SIMO Silicon Motion Technol-ADR | 1.44% | 252,084 | $28.3M | Reduce -7.5% |
| ECPG Encore Capital Group Inc. | 1.39% | 388,425 | $27.2M | Add +0.7% |
| CCS Century Communities Inc. | 1.33% | 454,587 | $26.1M | Reduce -0.1% |
| TFX Teleflex Inc. | 1.32% | 215,998 | $25.8M | Add +107.8% |
| TDY Teledyne Technologies Inc. | 1.29% | 41,805 | $25.3M | Reduce -16.6% |
| VNOM Viper Energy Inc. Class A | 1.27% | 530,479 | $24.9M | Add +3.2% |
| EGO Eldorado Gold Corp. | 1.23% | 702,750 | $24.1M | Reduce -4.2% |
| ASB Associated Banc-Corp. | 1.16% | 875,879 | $22.7M | Reduce -0.3% |
| NOV Nov Inc. | 1.15% | 1,194,332 | $22.5M | Add +9.7% |
| ITGR Integer Holdings Corp. | 1.11% | 247,977 | $21.8M | Add +2.2% |
| CCBG Capital City Bank Group Inc. | 1.11% | 500,000 | $21.7M | No change |
| EXC Exelon Corp. | 1.09% | 437,424 | $21.4M | Add +8.9% |
| PSA Public Storage | 1.09% | 78,922 | $21.4M | Reduce -2.6% |
| EOG EOG Resources Inc. | 1.08% | 146,790 | $21.2M | Reduce -4.5% |
| CASS Cass Information Systems Inc. | 1.06% | 470,524 | $20.7M | Add +1.2% |
| MGY Magnolia Oil & Gas Corp. Class A | 1.02% | 630,475 | $19.9M | Reduce -3.2% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.98% | 90,900 | $19.3M | Add +0.3% |
| SBCF Seacoast Banking Corp. | 0.96% | 622,000 | $18.8M | Reduce -1.6% |
| WSO Watsco Inc. | 0.96% | 51,593 | $18.8M | Add +14.3% |
| ASO Academy Sports & Outdoors Inc. | 0.95% | 329,350 | $18.6M | Add +1.3% |
| HSY The Hershey Co. | 0.94% | 88,864 | $18.5M | Reduce -8.6% |
| BDX Becton Dickinson and Co. | 0.93% | 116,344 | $18.3M | Add +16.1% |
| CPT Camden Property Trust | 0.93% | 187,125 | $18.3M | Add +52.3% |
| GTES Gates Industrial Corp. UK Ltd. | 0.93% | 803,365 | $18.2M | Add +8.5% |
| EZPW Ezcorp Inc. Class A | 0.91% | 705,906 | $17.9M | No change |
| PHIN Phinia Inc. | 0.90% | 257,333 | $17.6M | Add +0.1% |
| GBCI Glacier Bancorp Inc. | 0.85% | 372,023 | $16.6M | Add +0.1% |
| PRMB Primo Brands Corp. | 0.84% | 875,411 | $16.5M | Add +83.5% |
| KWR Quaker Chemical Corporation | 0.82% | 129,793 | $16.1M | Add +4.6% |
| COO The Cooper Cos Inc. | 0.81% | 221,656 | $15.8M | Add +18.4% |
| NWPX NWPX Infrastructure Inc. | 0.79% | 200,000 | $15.6M | Reduce -18.4% |
| PLAB Photronics Inc. | 0.76% | 370,675 | $15.0M | Reduce -3.8% |
| ALGT Allegiant Travel Co. | 0.76% | 184,005 | $14.9M | Reduce -11.2% |
| XRN Chiron Real Estate Inc. | 0.75% | 444,085 | $14.7M | Add +4.9% |
| THO Thor Industries Inc. | 0.75% | 183,540 | $14.7M | Add +12.7% |
| MHK Mohawk Industries Inc. | 0.74% | 147,668 | $14.5M | Reduce -15.3% |
| LINC Lincoln Educational Services | 0.74% | 357,265 | $14.5M | Reduce -72.3% |
| SYY Sysco Corp. | 0.69% | 190,561 | $13.6M | Add +22.9% |
| IIIV I3 Verticals Inc. Class A | 0.69% | 606,950 | $13.6M | Add +11.1% |
| HXL Hexcel Corp. | 0.69% | 166,315 | $13.5M | Add +0.0% |
| FE Firstenergy Corp. | 0.68% | 262,586 | $13.3M | Reduce -9.3% |
| BBSI Barrett Business SVCS Inc. | 0.67% | 450,000 | $13.1M | No change |
| COLM Columbia Sportswear Co. | 0.66% | 235,091 | $12.9M | Add +198.8% |
| FOR Forestar Group Inc. | 0.63% | 505,090 | $12.3M | Reduce -0.3% |
| ASTE Astec Industries Inc. | 0.63% | 228,925 | $12.3M | Reduce -0.1% |
| TCBK Trico Bancshares | 0.61% | 250,000 | $11.9M | No change |
| MUSA Murphy USA Inc. | 0.61% | 24,049 | $11.9M | New |
| CUBI Customers Bancorp Inc. | 0.60% | 170,775 | $11.9M | Reduce -6.6% |
| MTG Mgic Investment Corp. | 0.60% | 450,000 | $11.8M | Reduce -21.7% |
| KEYS Keysight Technologies Inc. | 0.59% | 40,676 | $11.5M | Add +239.0% |
| DCI Donaldson Co. Inc. | 0.57% | 132,607 | $11.3M | Reduce -31.9% |
| GTY Getty Realty Corp. | 0.57% | 350,000 | $11.1M | New |
| XRAY Dentsply Sirona Inc. | 0.56% | 953,250 | $11.1M | Add +490.6% |
| LYFT LYFT Inc. Class A | 0.56% | 823,200 | $10.9M | Add +46.0% |
| ARCB Arcbest Corp. | 0.55% | 110,000 | $10.8M | Add +83.3% |
| LXP LXP Industrial Trust | 0.55% | 231,400 | $10.7M | New |
| CVGW Calavo Growers Inc. | 0.53% | 400,000 | $10.3M | Reduce -16.1% |
| RPRX Royalty Pharma PLC Class A | 0.52% | 214,398 | $10.3M | Add +0.2% |
| CTBI Community Trust Bancorp Inc. | 0.52% | 169,350 | $10.3M | Add +0.2% |
| NVST Envista Holdings Corp. | 0.52% | 402,353 | $10.2M | Reduce -6.2% |
| DHI D.R. Horton Inc. | 0.52% | 74,387 | $10.2M | Reduce -3.2% |
| CMCO Columbus McKinnon Corp. | 0.51% | 694,050 | $10.1M | Add +16.6% |
| CWCO Consolidated Water Co.-Ord SH | 0.51% | 300,250 | $9.9M | Add +0.2% |
| INVX Innovex International Inc. | 0.51% | 407,332 | $9.9M | Add +35.8% |
| ACGL Arch Capital Group Ltd. | 0.51% | 103,497 | $9.9M | Add +18.0% |
| SF Stifel Financial Corp. | 0.51% | 134,153 | $9.9M | Add +4.2% |
| FNB FNB Corp. | 0.50% | 590,362 | $9.9M | Reduce -4.3% |
| FBK FB Financial Corp. filed as FB FINL CORP | 0.50% | 187,481 | $9.7M | Reduce -0.0% |
| MKTX Marketaxess Holdings Inc. | 0.49% | 58,334 | $9.6M | Add +105.3% |
| MTDR Matador Resources Co. | 0.49% | 152,283 | $9.6M | Reduce -27.6% |
| LAMR Lamar Advertising Co. Class A | 0.49% | 75,116 | $9.5M | Reduce -3.2% |
| PKG Packaging Corp. of America | 0.48% | 44,805 | $9.5M | Add +14.5% |
| KMI Kinder Morgan Inc. | 0.48% | 282,733 | $9.5M | Add +55.3% |
| CSV Carriage Services Inc. | 0.48% | 207,300 | $9.5M | No change |
| NTRS Northern Trust Corp. | 0.48% | 67,779 | $9.5M | Reduce -36.8% |
| ADTN Adtran Holdings Inc. | 0.48% | 750,000 | $9.4M | New |
| ICHR Ichor Holdings Ltd. | 0.48% | 200,000 | $9.3M | Reduce -33.3% |
| NEOG Neogen Corp. | 0.47% | 1,000,000 | $9.3M | No change |
| DGX Quest Diagnostics Inc. | 0.47% | 46,986 | $9.2M | Reduce -2.6% |
| LFUS Littelfuse Inc. | 0.46% | 26,835 | $9.1M | Reduce -8.9% |
| FCFS Firstcash Holdings Inc. | 0.46% | 47,446 | $8.9M | Reduce -10.1% |
| HSIC Henry Schein Inc. filed as SCHEIN HENRY INC | 0.45% | 120,000 | $8.8M | No change |
| ON On Semiconductor | 0.45% | 140,942 | $8.7M | Add +30.6% |
| BRC Brady Corporation Class A | 0.44% | 106,918 | $8.7M | Reduce -12.9% |
| XEL Xcel Energy Inc. | 0.44% | 109,177 | $8.7M | Reduce -7.6% |
| AOS Smith (a.o.) Corp. | 0.44% | 130,710 | $8.6M | Reduce -7.7% |
| GOOGL Alphabet Inc. Class A | 0.44% | 29,906 | $8.6M | Add +0.6% |
| PRIM Primoris Services Corp. | 0.44% | 60,000 | $8.6M | No change |
| INGR Ingredion Inc. | 0.44% | 75,877 | $8.5M | Add +37.9% |
| AQN Algonquin Power & Utilities | 0.44% | 1,392,030 | $8.5M | Add +178.4% |
| SAH Sonic Automotive Inc. Class A | 0.43% | 123,225 | $8.4M | New |
| NIC Nicolet Bankshares Inc. | 0.42% | 55,758 | $8.3M | New |
| ST Sensata Technologies Holdplc | 0.42% | 233,325 | $8.2M | Add +14.1% |
| OXM Oxford Industries Inc. | 0.41% | 211,093 | $8.1M | Add +40.7% |
| AUDC Audiocodes Ltd. | 0.41% | 965,734 | $8.1M | Add +15.8% |
| PNC PNC Financial Services Group | 0.41% | 38,460 | $8.0M | Reduce -44.2% |
| EGP Eastgroup Properties Inc. | 0.40% | 42,887 | $7.9M | Add +0.4% |
| INBK First Internet Bancorp | 0.40% | 384,900 | $7.8M | Add +33.4% |
Portfolio Sells Q4 2025 → Q1 2026
| LINC Lincoln Educational Services | Reduce -72.3% | 0.74% | −0.94 |
| UGI Ugi Corp. | Sold out | 0.00% | −0.64 |
| RDN Radian Group Inc. | Sold out | 0.00% | −0.58 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.53 |
| SNN Smith & Nephew PLC -Spon ADR | Sold out | 0.00% | −0.53 |
| THR Thermon Group Holdings Inc. | Sold out | 0.00% | −0.51 |
| ALEX Alexander & Baldwin Inc. | Sold out | 0.00% | −0.44 |
| TEL Te Connectivity PLC | Reduce -62.0% | 0.20% | −0.40 |
| ESS Essex Property Trust Inc. | Sold out | 0.00% | −0.38 |
| PNC PNC Financial Services Group | Reduce -44.2% | 0.41% | −0.37 |
| MOFG Midwestone Financial Group I | Sold out | 0.00% | −0.36 |
| DCI Donaldson Co. Inc. | Reduce -31.9% | 0.57% | −0.36 |
| PLYM Plymouth Industrial REIT Inc. | Sold out | 0.00% | −0.35 |
| NSA National Storage Affiliates | Reduce -58.5% | 0.39% | −0.35 |
| QRVO Qorvo Inc. | Sold out | 0.00% | −0.31 |
| NTRS Northern Trust Corp. | Reduce -36.8% | 0.48% | −0.31 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.30 |
| MTG Mgic Investment Corp. | Reduce -21.7% | 0.60% | −0.30 |
| MHK Mohawk Industries Inc. | Reduce -15.3% | 0.74% | −0.28 |
| SUI Sun Communities Inc. | Sold out | 0.00% | −0.28 |
| LTRX Lantronix Inc. | Reduce -43.8% | 0.24% | −0.26 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.26 |
| WD Walker & Dunlop Inc. | Sold out | 0.00% | −0.24 |
| MIDD Middleby Corp. | Reduce -39.3% | 0.22% | −0.21 |
| LRCX Lam Research Corp. | Reduce -73.4% | 0.09% | −0.21 |
| ALGT Allegiant Travel Co. | Reduce -11.2% | 0.76% | −0.19 |
| SEB Seaboard Corp. | Reduce -50.0% | 0.29% | −0.19 |
| EGO Eldorado Gold Corp. | Reduce -4.2% | 1.23% | −0.19 |
| ADT Adt Inc. | Sold out | 0.00% | −0.18 |
| ORI Old Republic Intl Corp. | Reduce -16.2% | 0.35% | −0.15 |
| ARMK Aramark | Reduce -34.5% | 0.33% | −0.15 |
| MAMA Mama's Creations Inc. | Sold out | 0.00% | −0.15 |
| HUM Humana Inc. | Reduce -10.6% | 0.19% | −0.14 |
| CCS Century Communities Inc. | Reduce -0.1% | 1.33% | −0.12 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.12 |
| CUBI Customers Bancorp Inc. | Reduce -6.6% | 0.60% | −0.12 |
| MOH Molina Healthcare Inc. | Reduce -4.1% | 0.27% | −0.12 |
| LDOS Leidos Holdings Inc. | Reduce -9.6% | 0.31% | −0.11 |
| STKL Sunopta Inc. | Reduce -53.5% | 0.33% | −0.11 |
| ARAY Accuray Inc. | Reduce -40.6% | 0.04% | −0.11 |
| SBCF Seacoast Banking Corp. | Reduce -1.6% | 0.96% | −0.11 |
| HUBB Hubbell Inc. | Reduce -29.0% | 0.30% | −0.10 |
| TCBI Texas Capital Bancshares Inc. | Reduce -4.7% | 1.61% | −0.09 |
| THG Hanover Insurance Group Inc./ | Reduce -12.4% | 0.33% | −0.09 |
| TDY Teledyne Technologies Inc. | Reduce -16.6% | 1.29% | −0.09 |
| PRGO Perrigo Co. PLC | Reduce -32.9% | 0.08% | −0.09 |
| DHI D.R. Horton Inc. | Reduce -3.2% | 0.52% | −0.08 |
| BRC Brady Corporation Class A | Reduce -12.9% | 0.44% | −0.07 |
| WTW Willis Towers Watson PLC | Reduce -11.3% | 0.21% | −0.07 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.07 |
Portfolio Buys Q4 2025 → Q1 2026
| TFX Teleflex Inc. | Add +107.8% | 1.32% | +0.63 |
| MUSA Murphy USA Inc. | New | 0.61% | +0.61 |
| GTY Getty Realty Corp. | New | 0.57% | +0.57 |
| LXP LXP Industrial Trust | New | 0.55% | +0.55 |
| ADTN Adtran Holdings Inc. | New | 0.48% | +0.48 |
| XRAY Dentsply Sirona Inc. | Add +490.6% | 0.56% | +0.46 |
| KEYS Keysight Technologies Inc. | Add +239.0% | 0.59% | +0.45 |
| SAH Sonic Automotive Inc. Class A | New | 0.43% | +0.43 |
| COLM Columbia Sportswear Co. | Add +198.8% | 0.66% | +0.42 |
| NIC Nicolet Bankshares Inc. | New | 0.42% | +0.42 |
| PRMB Primo Brands Corp. | Add +83.5% | 0.84% | +0.42 |
| UTL Unitil Corp. | New | 0.40% | +0.40 |
| SHLS Shoals Technologies Group -A | New | 0.35% | +0.35 |
| SLB SLB Ltd. | New | 0.34% | +0.34 |
| CHH Choice Hotels Intl Inc. | New | 0.33% | +0.33 |
| ARCB Arcbest Corp. | Add +83.3% | 0.55% | +0.31 |
| CGAU Centerra Gold Inc. | Add +0.7% | 2.01% | +0.31 |
| QNST Quinstreet Inc. | New | 0.31% | +0.31 |
| MLR Miller Industries Inc. | New | 0.28% | +0.28 |
| AQN Algonquin Power & Utilities | Add +178.4% | 0.44% | +0.27 |
| SANM Sanmina Corp. | New | 0.26% | +0.26 |
| ECPG Encore Capital Group Inc. | Add +0.7% | 1.39% | +0.26 |
| MSA Msa Safety Inc. | New | 0.24% | +0.24 |
| NOV Nov Inc. | Add +9.7% | 1.15% | +0.23 |
| KMI Kinder Morgan Inc. | Add +55.3% | 0.48% | +0.21 |
| MKTX Marketaxess Holdings Inc. | Add +105.3% | 0.49% | +0.21 |
| CPT Camden Property Trust | Add +52.3% | 0.93% | +0.20 |
| VNOM Viper Energy Inc. Class A | Add +3.2% | 1.27% | +0.20 |
| WAT Waters Corp. | New | 0.19% | +0.19 |
| IEX Idex Corp. | New | 0.16% | +0.16 |
| NRC NRC Health | Add +374.3% | 0.21% | +0.15 |
| INVX Innovex International Inc. | Add +35.8% | 0.51% | +0.15 |
| EXC Exelon Corp. | Add +8.9% | 1.09% | +0.15 |
| PPG PPG Industries Inc. | Add +71.0% | 0.35% | +0.14 |
| OXM Oxford Industries Inc. | Add +40.7% | 0.41% | +0.14 |
| WSO Watsco Inc. | Add +14.3% | 0.96% | +0.14 |
| ON On Semiconductor | Add +30.6% | 0.45% | +0.13 |
| CLB Core Laboratories Inc. | New | 0.13% | +0.13 |
| CSL Carlisle Cos Inc. | Add +88.7% | 0.27% | +0.12 |
| FIS Fidelity National Info Serv | Add +292.7% | 0.20% | +0.12 |
| CTOS Custom Truck One Source Inc. | Add +42.9% | 0.34% | +0.12 |
| INGR Ingredion Inc. | Add +37.9% | 0.44% | +0.11 |
| ARCT Arcturus Therapeutics Holdin | New | 0.10% | +0.10 |
| BCHT Birchtech Corp. | New | 0.10% | +0.10 |
| CNC Centene Corp. | Add +145.7% | 0.21% | +0.10 |
| WH Wyndham Hotels & Resorts Inc. | Add +57.0% | 0.24% | +0.09 |
| RHI Robert Half Inc. | Add +88.3% | 0.22% | +0.09 |
| ITGR Integer Holdings Corp. | Add +2.2% | 1.11% | +0.09 |
| TTI Tetra Technologies Inc. | Add +69.0% | 0.27% | +0.08 |
| TYL Tyler Technologies Inc. | New | 0.08% | +0.08 |
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 |