# EDGAR Filing Document

**Accession Number:** 0000809586
**File Stem:** 0001049169-26-000207
**Filing Date:** 2026-2
**Character Count:** 25032
**Document Hash:** 217f0dfa2e90d70f2181b14e3d3bc379
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-000207.hdr.sgml**: 20260220

**ACCESSION NUMBER**: 0001049169-26-000207

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260220

**DATE AS OF CHANGE**: 20260220

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HEARTLAND GROUP INC
- **CENTRAL INDEX KEY:** 0000809586

**ORGANIZATION NAME:**
- **EIN:** 391572323
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04982
- **FILM NUMBER:** 26659485

**BUSINESS ADDRESS:**
- **STREET 1:** 790 N. WATER STREET
- **STREET 2:** SUITE 1200
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 4149778748

**MAIL ADDRESS:**
- **STREET 1:** 790 N. WATER STREET
- **STREET 2:** SUITE 1200
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### HEARTLAND MID CAP VALUE FUND (Series ID: S000047207)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000147928 | Institutional Class | HNMDX           |
| C000147929 | Investor Class      | HRMDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** HEARTLAND GROUP INC.

- **b. Investment Company Act file number:** 811-04982

- **c. CIK number of Registrant:** 0000809586

- **d. LEI of Registrant:** 549300TJI5TPMVIHYH92

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 790 N. WATER STREET SUITE 1200

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 4143477777

**Item A.2. Information about the Series.**

- **a. Name of Series:** Heartland Mid Cap Value Fund

- **b. EDGAR series identifier (if any):** S000047207

- **c. LEI of Series:** 549300VKIYMLM6WD0S16

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $470883794.00

**Total Liabilities:** $193843.40

**Net Assets:** $470689950.60

**Cash Not Reported:** $1209077.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000147928 | -2.60%               | 0.30%                | 0.38%                |
| Class ID C000147929 | -2.55%               | 0.30%                | 0.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12073968.04            | $-1558480.54                               |
| Month 2  | $1498256.49              | $-527829.69                                |
| Month 3  | $-2209651.37             | $3573373.12                                |

### Schedule of Portfolio Investments

| Name                                       | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Lam Research Corp                          | Lam Research Corp.                           | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     31908 | NS      | $5462011.44   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                      | Camden Property Trust                        | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     44290 | NS      | $4875443.20   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                 | Humana, Inc.                                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     21060 | NS      | $5394097.80   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                        | Northern Trust Corp.                         | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     76865 | NS      | $10498990.35  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                        | Leidos Holdings, Inc.                        | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     42433 | NS      | $7654913.20   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                | Raymond James Financial, Inc.                | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     18478 | NS      | $2967382.02   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                      | Mohawk Industries, Inc.                      | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     51676 | NS      | $5648186.80   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/the                         | The Cooper Companies, Inc.                   | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     99161 | NS      | $8127235.56   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                             | A.O. Smith Corp.                             | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |    138195 | NS      | $9242481.60   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                                 | Nucor Corp.                                  | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     45501 | NS      | $7421668.11   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                            | Xcel Energy, Inc.                            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    115395 | NS      | $8523074.70   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                 | Kirby Corp.                                  | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     43366 | NS      | $4778065.88   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                             | Public Storage                               | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     64357 | NS      | $16700641.50  | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                  | Teledyne Technologies, Inc.                  | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |     42366 | NS      | $21637587.18  | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Pnc Financial Services Group Inc/the       | PNC Financial Services Group, Inc.           | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     58610 | NS      | $12233665.30  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                              | Ingredion, Inc.                              | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     44683 | NS      | $4926747.58   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wec Energy Group Inc                       | WEC Energy Group, Inc.                       | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     47839 | NS      | $5045100.94   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                  | Keysight Technologies, Inc.                  | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     12000 | NS      | $2438280.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                       | Keurig Dr Pepper, Inc.                       | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    195477 | NS      | $5475310.77   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Eog Resources Inc                          | EOG Resources, Inc.                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    140969 | NS      | $14803154.69  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co Plc                             | Perrigo Co. PLC                              | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |    218414 | NS      | $3040322.88   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                    | Aramark                                      | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |    238680 | NS      | $8797744.80   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                | Hubbell, Inc.                                | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     16576 | NS      | $7361567.36   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                               | Centene Corp.                                | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     50000 | NS      | $2057500.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc               | Texas Capital Bancshares, Inc.               | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     59586 | NS      | $5394916.44   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Te Connectivity Ltd                        | TE Connectivity PLC                          | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     41129 | NS      | $9357258.79   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Carmax Inc                                 | CarMax, Inc.                                 | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |     29485 | NS      | $1139300.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp Of America                  | Packaging Corp. of America                   | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     30103 | NS      | $6208141.69   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                     | Arch Capital Group, Ltd.                     | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     85658 | NS      | $8216315.36   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| On Semiconductor Corp                      | ON Semiconductor Corp.                       | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |    105535 | NS      | $5714720.25   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                  | Ball Corp.                                   | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |    136432 | NS      | $7226803.04   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/the                          | Middleby Corp.                               | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     52404 | NS      | $7790902.68   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                            | Robert Half International, Inc.              | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     79161 | NS      | $2150012.76   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                 | Grand Canyon Education, Inc.                 | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     14334 | NS      | $2383887.54   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                  | Qorvo, Inc.                                  | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     65744 | NS      | $5556025.44   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                        | Thor Industries, Inc.                        | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     41691 | NS      | $4280414.97   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                          | Kinder Morgan, Inc.                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    178765 | NS      | $4914249.85   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Jb Hunt Transport Services Inc             | JB Hunt Transport Services, Inc.             | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |     67915 | NS      | $13198601.10  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Horton Inc                              | DR Horton, Inc.                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     73970 | NS      | $10653899.10  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Nov Inc                                    | NOV, Inc.                                    | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    647536 | NS      | $10120987.68  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                      | Becton Dickinson & Co.                       | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     74261 | NS      | $14411832.27  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | Fidelity National Information Services, Inc. | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     17670 | NS      | $1174348.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Marketaxess Holdings Inc                   | MarketAxess Holdings, Inc.                   | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     27751 | NS      | $5029868.75   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                           | Carlisle Cos., Inc.                          | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      8099 | NS      | $2590546.14   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/the                             | Hershey Co.                                  | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     80956 | NS      | $14732372.88  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                 | Watsco, Inc.                                 | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     35083 | NS      | $11821216.85  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                           | Donaldson Co., Inc.                          | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |    156811 | NS      | $13902863.26  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                   | Essex Property Trust, Inc.                   | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     19243 | NS      | $5035508.24   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                        | Sun Communities, Inc.                        | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     41366 | NS      | $5125661.06   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew Plc                         | Smith & Nephew PLC                           | CUSIP: 83175M205<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |    261538 | NS      | $8581061.78   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                      | Molina Healthcare, Inc.                      | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |     39796 | NS      | $6906197.84   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                | Exelon Corp.                                 | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    329697 | NS      | $14371492.23  | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                           | Vail Resorts, Inc.                           | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     30422 | NS      | $4040041.60   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson Plc                   | Willis Towers Watson PLC                     | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     15244 | NS      | $5009178.40   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                      | Southwest Airlines Co.                       | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     99528 | NS      | $4113492.24   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc              | Lincoln Electric Holdings, Inc.              | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     23746 | NS      | $5690491.44   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp            | Old Republic International Corp.             | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    126474 | NS      | $5772273.36   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ppg Industries Inc                         | PPG Industries, Inc.                         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     35249 | NS      | $3611612.54   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-clark Corp                        | Kimberly-Clark Corp.                         | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     95206 | NS      | $9605333.34   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                          | Everest Group, Ltd.                          | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |     24695 | NS      | $8380248.25   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                                 | Sysco Corp.                                  | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |    127499 | NS      | $9395401.31   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                      | Quest Diagnostics, Inc.                      | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     28141 | NS      | $4883307.73   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstenergy Corp                           | FirstEnergy Corp.                            | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    282593 | NS      | $12651688.61  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** HEARTLAND GROUP INC.

**Signature:** Nicole Best

**Name of Signer:** Nicole Best

**Title:** Chief Financial Officer and Chief Administrative