Heartland Value Plus Fund Insti Class Shs
HNVIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 790 N. Water Street Milwaukee WI United States of America 53202
- IPO Date
- May 1, 2008
- CIK
- 0000809586
- Website
- heartlandadvisors.com
- Similar Companies
- Business
- Heartland Value Plus Fund Institutional Class (HNVIX) is an actively managed open-end mutual fund that seeks long-term capital appreciation and modest current income by investing primarily in a concentrated portfolio of 40 to 70 small-capitalization common stocks selected on a value basis; a majority of assets are allocated to dividend-paying companies with market capitalizations generally between $250 million and $4 billion at the time of purchase. The fund emphasizes undervalued small-cap equities with strong balance sheets, utilizing Heartland Advisors' proprietary 10 Principles of Value Investing framework for security analysis and portfolio construction, with primary sector exposures including financial services (approximately 27%), industrials (20%), real estate (11%), technology (10%), and healthcare (10%); top holdings as of recent reporting include Stifel Financial Corp., FB Financial Corp., FNB Corp., Seacoast Banking Corp., and Lamar Advertising Co.. HNVIX operates within the small value category, benchmarking against the Russell 2000 Value Index, and is available to institutional investors with a minimum initial investment of $500,000, a net expense ratio of 0.94%, and daily pricing in U.S. dollars.. Managed by Heartland Advisors, Inc., a Milwaukee-based independent value investment firm founded in 1983 with roots in a 1983 predecessor advisory subsidiary, the fund targets U.S. public equity markets and select non-U.S. exposures (approximately 3%), domiciled in the United States with headquarters at 790 N. Water Street, Suite 1200, Milwaukee, Wisconsin 53202.. The investor class (HRVIX) launched on October 26, 1993, while the institutional class (HNVIX) commenced on May 1, 2008, with total net assets of approximately $289 million and share class assets of $127 million as of recent data.. Portfolio managers include Andrew Fleming (since February 1, 2016), alongside Jacob S. Westphal and Michael Warecki (both since May 1, 2025), reflecting recent team enhancements amid ongoing strategic focus on self-help companies, insider buying signals, and pivots from cyclical sectors toward margin-improving opportunities like signal integrity and data center components.. Recent developments include active portfolio adjustments in Q2 and Q4 2024, such as re-initiating positions in Semtech Corp. post its Sierra Wireless acquisition integration and deleveraging efforts, alongside increased emphasis on banks in growth regions with strong dividend growth; the firm also marked the 40th anniversary of its inaugural Heartland Value Fund in 2024 while maintaining its employee-owned structure under Heartland Holdings, Inc.. No major acquisitions, funding rounds, or partnerships were reported for Heartland Advisors in 2024-2025, with operations centered on enhancing value-driven strategies amid small-cap earnings tailwinds..