# EDGAR Filing Document

**Accession Number:** 0000809586
**File Stem:** 0001049169-26-000206
**Filing Date:** 2026-2
**Character Count:** 20910
**Document Hash:** 3823f9d6c8f62ac21984fdfbaf3149fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-000206.hdr.sgml**: 20260220

**ACCESSION NUMBER**: 0001049169-26-000206

**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:** 26659484

**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:** 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:** $285508204.59

**Total Liabilities:** $121158.20

**Net Assets:** $285387046.39

**Cash Not Reported:** $419139.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009766 | -2.75%               | 2.89%                | -0.41%               |
| Class ID C000063872 | -2.77%               | 2.93%                | -0.38%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1594651.01              | $-9603731.30                               |
| Month 2  | $1320597.28              | $6600838.75                                |
| Month 3  | $1997695.84              | $-3627201.00                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Envista Holdings Corp            | Envista Holdings Corp.             | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |    400000 | NS      | $8684000.00   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp             | Quaker Chemical Corp.              | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |     35000 | NS      | $4805850.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust            | Camden Property Trust              | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     72500 | NS      | $7980800.00   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Adt Inc                          | The ADT Corp.                      | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    375000 | NS      | $3026250.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp            | Stifel Financial Corp.             | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     80000 | NS      | $10017600.00  | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| One Gas Inc                      | ONE Gas, Inc.                      | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     75000 | NS      | $5793750.00   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc                 | Viper Energy, Inc.                 | CUSIP: 64361Q101<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |     60000 | NS      | $2317800.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Fnb Corp/pa                      | FNB Corp.                          | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    575000 | NS      | $9832500.00   | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp       | Sensient Technologies Corp.        | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     45000 | NS      | $4227750.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc            | Mohawk Industries, Inc.            | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     20000 | NS      | $2186000.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International Inc          | WESCO International, Inc.          | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     20000 | NS      | $4892800.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/the               | The Cooper Companies, Inc.         | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     80000 | NS      | $6556800.00   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc         | Granite Construction, Inc.         | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |     50000 | NS      | $5767500.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fb Financial Corp                | FB Financial Corp.                 | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |    175000 | NS      | $9765000.00   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                   | Littelfuse, Inc.                   | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     27500 | NS      | $6955300.00   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                      | Hexcel Corp.                       | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     20000 | NS      | $1478000.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co             | Lamar Advertising Co.              | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     72500 | NS      | $9177050.00   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                     | Semtech Corp.                      | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     60000 | NS      | $4421400.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-corp             | Associated Banc-Corp               | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |    350000 | NS      | $9016000.00   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc    | Academy Sports & Outdoors, Inc.    | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     70000 | NS      | $3497200.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp                | Primo Brands Corp.                 | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |    150000 | NS      | $2452500.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Bj's Wholesale Club Holdings Inc | BJ's Wholesale Club Holdings, Inc. | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     30000 | NS      | $2700900.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc              | Glacier Bancorp, Inc.              | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    100000 | NS      | $4405000.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/the  | The Hanover Insurance Group, Inc.  | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     40000 | NS      | $7310800.00   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp Plc        | Gates Industrial Corp. PLC         | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |    335000 | NS      | $7192450.00   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                    | Materion Corp.                     | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     47500 | NS      | $5905200.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc             | Generac Holdings, Inc.             | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     20000 | NS      | $2727400.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp          | Magnolia Oil & Gas Corp.           | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    235000 | NS      | $5144150.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastgroup Properties Inc         | EastGroup Properties, Inc.         | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     40000 | NS      | $7125600.00   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc             | Hayward Holdings, Inc.             | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    325000 | NS      | $5021250.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstcash Holdings Inc           | FirstCash, Inc.                    | CUSIP: 33768G107<br>LEI: 549300V2X3UU7K0DG350 | Long             | EC               | CORP              | US        |     42500 | NS      | $6773650.00   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Motion Technology Corp   | Silicon Motion Technology Corp.    | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | KY        |     45000 | NS      | $4171500.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders Firstsource Inc         | Builders FirstSource, Inc.         | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     50000 | NS      | $5144500.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc              | Thor Industries, Inc.              | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     50000 | NS      | $5133500.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co           | Columbia Sportswear Co.            | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     50000 | NS      | $2754500.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Cts Corp                         | CTS Corp.                          | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |    140000 | NS      | $6001800.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp                    | Renasant Corp.                     | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |    175000 | NS      | $6163500.00   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mgic Investment Corp             | MGIC Investment Corp.              | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    115000 | NS      | $3360300.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp            | Integer Holdings Corp.             | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     35000 | NS      | $2745050.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc          | Century Communities, Inc.          | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |    100000 | NS      | $5935000.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Nov Inc                          | NOV, Inc.                          | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    350000 | NS      | $5470500.00   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp       | Lattice Semiconductor Corp.        | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     65000 | NS      | $4782700.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co             | Matador Resources Co.              | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    135000 | NS      | $5729400.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp          | Enerpac Tool Group Corp.           | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |    100000 | NS      | $3824000.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc | Prestige Consumer Healthcare, Inc. | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60000 | NS      | $3701400.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew Plc               | Smith & Nephew PLC                 | CUSIP: 83175M205<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |     30000 | NS      | $984300.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                       | Brady Corp.                        | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     90000 | NS      | $7053300.00   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                       | Phinia, Inc.                       | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |    100000 | NS      | $6269000.00   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp           | Acushnet Holdings Corp.            | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |     35000 | NS      | $2793700.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp Of Florida | Seacoast Banking Corp. of Florida  | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    310000 | NS      | $9740200.00   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma Plc               | Royalty Pharma PLC                 | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |    200000 | NS      | $7728000.00   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc     | Wyndham Hotels & Resorts, Inc.     | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     35000 | NS      | $2644600.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc    | Northwestern Energy Group, Inc.    | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     65000 | NS      | $4195100.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon Plc                         | ICON PLC                           | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      7500 | NS      | $1366650.00   | 0.48%             |  |  |  | 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