# EDGAR Filing Document

**Accession Number:** 0000809586
**File Stem:** 0001752724-25-191149
**Filing Date:** 2025-8
**Character Count:** 23693
**Document Hash:** 1bedd4aa285da52058af431ec54d5c25
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-191149.hdr.sgml**: 20250818

**ACCESSION NUMBER**: 0001752724-25-191149

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250818

**DATE AS OF CHANGE**: 20250818

**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:** 251226486

**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:** 2025-06-30

**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:** $557286966.15

**Total Liabilities:** $295285.35

**Net Assets:** $556991680.80

**Cash Not Reported:** $5388176.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000147928 | -5.35%               | 2.94%                | 2.56%                |
| Class ID C000147929 | -5.38%               | 2.88%                | 2.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3368626.20              | $-32489829.70                              |
| Month 2  | $-3356031.89             | $18133218.44                               |
| Month 3  | $3295669.18              | $9650800.01                                |

### 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        |     68290 | NS      | $6647348.60   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                      | Camden Property Trust                        | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     46771 | NS      | $5270623.99   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                        | Northern Trust Corp.                         | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |    117277 | NS      | $14869550.83  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                        | Leidos Holdings, Inc.                        | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     83461 | NS      | $13166807.36  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                | Raymond James Financial, Inc.                | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     24500 | NS      | $3757565.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                      | Mohawk Industries, Inc.                      | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     73761 | NS      | $7733103.24   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp              | First American Financial Corp.               | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |    102937 | NS      | $6319302.43   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                             | A.O. Smith Corp.                             | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |    167251 | NS      | $10966648.07  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                 | Kirby Corp.                                  | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     48366 | NS      | $5485188.06   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                             | Public Storage                               | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     75478 | NS      | $22146754.76  | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Lkq Corp                                   | LKQ Corp.                                    | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |    300200 | NS      | $11110402.00  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                  | Teledyne Technologies, Inc.                  | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |     50252 | NS      | $25744602.12  | 4.62%             |  |  |  | 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        |     36609 | NS      | $6824649.78   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                              | Ingredion, Inc.                              | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     40145 | NS      | $5444464.90   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Wec Energy Group Inc                       | WEC Energy Group, Inc.                       | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     47839 | NS      | $4984823.80   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Eog Resources Inc                          | EOG Resources, Inc.                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    128301 | NS      | $15346082.61  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co Plc                             | Perrigo Co. PLC                              | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |    632199 | NS      | $16892357.28  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                    | Aramark                                      | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |    106436 | NS      | $4456475.32   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                | Hubbell, Inc.                                | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     17393 | NS      | $7103475.13   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                               | Centene Corp.                                | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |    336241 | NS      | $18251161.48  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc               | Texas Capital Bancshares, Inc.               | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     56652 | NS      | $4498168.80   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Te Connectivity Ltd                        | TE Connectivity PLC                          | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     77279 | NS      | $13034648.93  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Carmax Inc                                 | CarMax, Inc.                                 | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |    186999 | NS      | $12568202.79  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Factset Research Systems Inc               | FactSet Research Systems, Inc.               | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |     12721 | NS      | $5689848.88   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp Of America                  | Packaging Corp. of America                   | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     17360 | NS      | $3271492.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                         | Coterra Energy, Inc.                         | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    224580 | NS      | $5699840.40   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| On Semiconductor Corp                      | ON Semiconductor Corp.                       | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |    199882 | NS      | $10475815.62  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                  | Ball Corp.                                   | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |    262787 | NS      | $14739722.83  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/the                          | Middleby Corp.                               | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     81516 | NS      | $11738304.00  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-swift Transportation Holdings Inc   | Knight-Swift Transportation Holdings, Inc.   | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77770 | NS      | $3439767.10   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                            | Robert Half International, Inc.              | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |    239765 | NS      | $9842353.25   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                 | Grand Canyon Education, Inc.                 | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     14334 | NS      | $2709126.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                  | Qorvo, Inc.                                  | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     68602 | NS      | $5824995.82   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                        | Thor Industries, Inc.                        | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     75124 | NS      | $6671762.44   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Jb Hunt Transport Services Inc             | JB Hunt Transport Services, Inc.             | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |    101301 | NS      | $14546823.60  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Horton Inc                              | DR Horton, Inc.                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     92139 | NS      | $11878559.88  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nov Inc                                    | NOV, Inc.                                    | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |   1278808 | NS      | $15895583.44  | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                      | Becton Dickinson & Co.                       | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     46915 | NS      | $8081108.75   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | Fidelity National Information Services, Inc. | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     39602 | NS      | $3223998.82   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/the                             | Hershey Co.                                  | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |    103532 | NS      | $17181135.40  | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                 | Watsco, Inc.                                 | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     17883 | NS      | $7897490.46   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona Inc                        | DENTSPLY SIRONA, Inc.                        | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |    534978 | NS      | $8495450.64   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                           | Donaldson Co., Inc.                          | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |    216841 | NS      | $15037923.35  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                   | Essex Property Trust, Inc.                   | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     39112 | NS      | $11084340.80  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                     | International Paper Co.                      | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    100174 | NS      | $4691148.42   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                         | Valero Energy Corp.                          | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     10550 | NS      | $1418131.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew Plc                         | Smith & Nephew PLC                           | CUSIP: 83175M205<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |    344373 | NS      | $10548144.99  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                | Exelon Corp.                                 | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    258918 | NS      | $11242219.56  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                           | Vail Resorts, Inc.                           | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     62239 | NS      | $9779614.07   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson Plc                   | Willis Towers Watson PLC                     | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     18704 | NS      | $5732776.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                      | Southwest Airlines Co.                       | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     84274 | NS      | $2733848.56   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc              | Lincoln Electric Holdings, Inc.              | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     41460 | NS      | $8595487.20   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp            | Old Republic International Corp.             | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    126474 | NS      | $4861660.56   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ppg Industries Inc                         | PPG Industries, Inc.                         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |    109219 | NS      | $12423661.25  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-clark Corp                        | Kimberly-Clark Corp.                         | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     78071 | NS      | $10064913.32  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                          | Everest Group, Ltd.                          | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |     20159 | NS      | $6851036.15   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                                 | Sysco Corp.                                  | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |    140641 | NS      | $10652149.34  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                      | Quest Diagnostics, Inc.                      | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     30965 | NS      | $5562242.95   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstenergy Corp                           | FirstEnergy Corp.                            | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    247655 | NS      | $9970590.30   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

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

**Signature:** Nicole Best

**Name of Signer:** Nicole Best

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