Heartland Small Cap Value Strategy Q4 2025 Commentary

Heartland Advisors93 FollowersFollow5ShareSavePlay(13min)CommentsSummaryIn the fourth quarter, the Heartland Small Cap Value Strategy gained 2.98%, compared with the 3.26% return for the Russell 2000® Value Index.For the quarter, the Russell 2000® Value Index outperformed most Mag 7 stocks and the S&P 500.Earnings for small-cap stocks are strengthening, and investors finally are recognizing the sectors’ compelling valuations.Our Strategy has outpaced its benchmark over the past one, three, five, and 10 years. Ratana21/iStock via Getty Images "Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” — Charles Mackay In aThis article was written byHeartland Advisors93 FollowersFollowHeartland Advisors is a boutique, independent investment firm in Milwaukee, WI. Our value-focused, actively managed product suite includes distinct U.S. and international investing strategies, which are offered through five mutual funds and four separately managed accounts.