# EDGAR Filing Document

**Accession Number:** 0000809586
**File Stem:** 0001752724-23-029357
**Filing Date:** 2023-2
**Character Count:** 17698
**Document Hash:** f67e9b86e5c0d0034e1231ec4eb8a81a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-029357.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001752724-23-029357

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HEARTLAND GROUP INC
- **CENTRAL INDEX KEY:** 0000809586
- **IRS NUMBER:** 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:** 23643001

**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 VALUE PLUS FUND (Series ID: S000003524)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000009766 | Investor Class      | HRVIX           |
| C000063872 | Institutional Class | HNVIX           |

## 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 Value Plus Fund

- **b. EDGAR series identifier (if any):** S000003524

- **c. LEI of Series:** 549300XPM3T8QX7EH348

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $437046265.06

**Total Liabilities:** $273589.30

**Net Assets:** $436772675.76

**Cash Not Reported:** $758113.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009766 | 14.00%               | 5.01%                | -2.82%               |
| Class ID C000063872 | 14.06%               | 5.01%                | -2.80%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3764600.86             | $57173313.35                               |
| Month 2  | $2966191.58              | $18444900.64                               |
| Month 3  | $-1313183.56             | $-12418403.93                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Treehouse Foods Inc              | TreeHouse Foods, Inc.             | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |    350000 | NS      | $17283000.00  | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp            | Independent Bank Corp.            | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |    150000 | NS      | $12664500.00  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Mdc Holdings Inc                 | MDC Holdings, Inc.                | CUSIP: 552676108<br>LEI: 5299005FV4VNV75R8R35 | Long             | EC               | CORP              | US        |    250000 | NS      | $7900000.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Schnitzer Steel Industries Inc   | Schnitzer Steel Industries, Inc.  | CUSIP: 806882106<br>LEI: 549300F62TK8VRDSM285 | Long             | EC               | CORP              | US        |    250000 | NS      | $7662500.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Aerospace Corp              | Park Aerospace Corp.              | CUSIP: 70014A104<br>LEI: 5299004AG0G7IB636095 | Long             | EC               | CORP              | US        |    830000 | NS      | $11130300.00  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| B Riley Financial Inc            | B Riley Financial, Inc.           | CUSIP: 05580M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135000 | NS      | $4617000.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc         | Granite Construction, Inc.        | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |    325000 | NS      | $11397750.00  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co             | Lamar Advertising Co.             | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     75000 | NS      | $7080000.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc            | Powell Industries, Inc.           | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |    475000 | NS      | $16710500.00  | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd       | RenaissanceRe Holdings, Ltd.      | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |     25000 | NS      | $4605750.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Championx Corp                   | ChampionX Corp.                   | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |    600000 | NS      | $17394000.00  | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc            | Helmerich & Payne, Inc.           | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |    200000 | NS      | $9914000.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/in          | Old National Bancorp              | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    500000 | NS      | $8990000.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanos Medical Inc               | Avanos Medical, Inc.              | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |    425000 | NS      | $11500500.00  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthstream Inc                 | HealthStream, Inc.                | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |    345000 | NS      | $8569800.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc     | Texas Capital Bancshares, Inc.    | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |    250000 | NS      | $15077500.00  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc              | Glacier Bancorp, Inc.             | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    200000 | NS      | $9884000.00   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| American Vanguard Corp           | American Vanguard Corp.           | CUSIP: 030371108<br>LEI: 529900GWI78WZA5M9783 | Long             | EC               | CORP              | US        |    700000 | NS      | $15197000.00  | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc             | Douglas Dynamics, Inc.            | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |    255000 | NS      | $9220800.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/the  | The Hanover Insurance Group, Inc. | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     85000 | NS      | $11486050.00  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                    | Materion Corp.                    | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     75000 | NS      | $6563250.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Dril-quip Inc                    | Dril-Quip, Inc.                   | CUSIP: 262037104<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |    400000 | NS      | $10868000.00  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co     | Portland General Electric Co.     | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    250000 | NS      | $12250000.00  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Corecivic Inc                    | CoreCivic, Inc.                   | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |    575000 | NS      | $6647000.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Potlatchdeltic Corp              | PotlatchDeltic Corp.              | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |    265000 | NS      | $11657350.00  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries Inc      | Tootsie Roll Industries, Inc.     | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               | CORP              | US        |    125000 | NS      | $5321250.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc    | Healthcare Services Group, Inc.   | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    460000 | NS      | $5520000.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmland Partners Inc            | Farmland Partners, Inc.           | CUSIP: 31154R109<br>LEI: 549300LB188CHPZ4IL37 | Long             | EC               | CORP              | US        |    500000 | NS      | $6230000.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                     | Carter's, Inc.                    | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |    200000 | NS      | $14922000.00  | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Angiodynamics Inc                | AngioDynamics, Inc.               | CUSIP: 03475V101<br>LEI: 549300W3VKC5ZKMO8C28 | Long             | EC               | CORP              | US        |    600000 | NS      | $8262000.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Atn International Inc            | ATN International, Inc.           | CUSIP: 00215F107<br>LEI: 54930013NP7VEU877V56 | Long             | EC               | CORP              | US        |    225000 | NS      | $10194750.00  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp          | Enerpac Tool Group Corp.          | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |    375000 | NS      | $9543750.00   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc             | Astec Industries, Inc.            | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |    250000 | NS      | $10165000.00  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-dri Corp Of America          | Oil-Dri Corp. of America          | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |    210000 | NS      | $7043400.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                 | Haemonetics Corp.                 | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |    200000 | NS      | $15730000.00  | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Methode Electronics Inc          | Methode Electronics, Inc.         | CUSIP: 591520200<br>LEI: 529900VM413LGLUS3F07 | Long             | EC               | CORP              | US        |    275000 | NS      | $12201750.00  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-davidson Inc              | Harley-Davidson, Inc.             | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |    200000 | NS      | $8320000.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                   | Royal Gold, Inc.                  | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |    110000 | NS      | $12399200.00  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp Of Florida | Seacoast Banking Corp. of Florida | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    425000 | NS      | $13255750.00  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp  | Old Republic International Corp.  | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     25000 | NS      | $603750.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express Inc            | Heartland Express, Inc.           | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |    400000 | NS      | $6136000.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corp        | Phibro Animal Health Corp.        | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |    700000 | NS      | $9387000.00   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp                     | Knowles Corp.                     | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    450000 | NS      | $7389000.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources Inc           | Comstock Resources, Inc.          | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |    425000 | NS      | $5826750.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

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

**Signature:** Nicole Best

**Name of Signer:** Nicole Best

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