# EDGAR Filing Document

**Accession Number:** 0000809586
**File Stem:** 0001752724-25-191148
**Filing Date:** 2025-8
**Character Count:** 21460
**Document Hash:** 6784c26061a0891c26a79d2dccbce47d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-191148.hdr.sgml**: 20250818

**ACCESSION NUMBER**: 0001752724-25-191148

**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:** 251226485

**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:** 2025-06-30

**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:** $268737491.61

**Total Liabilities:** $157727.49

**Net Assets:** $268579764.12

**Cash Not Reported:** $955470.92

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009766 | -6.02%               | 4.21%                | 4.01%                |
| Class ID C000063872 | -6.04%               | 4.24%                | 4.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4707486.39             | $-11911591.54                              |
| Month 2  | $-445058.48              | $10941512.30                               |
| Month 3  | $511152.36               | $9454290.91                                |

### 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        |    475000 | NS      | $9281500.00   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                    | Camden Property Trust                      | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     75000 | NS      | $8451750.00   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                    | Stifel Financial Corp.                     | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |    100000 | NS      | $10378000.00  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| One Gas Inc                              | ONE Gas, Inc.                              | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     70000 | NS      | $5030200.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Fnb Corp/pa                              | FNB Corp.                                  | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    500000 | NS      | $7290000.00   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Vf Corp                                  | VF Corp.                                   | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |    100000 | NS      | $1175000.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp               | Sensient Technologies Corp.                | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     50000 | NS      | $4926000.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                    | Mohawk Industries, Inc.                    | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     42500 | NS      | $4455700.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc                 | Granite Construction, Inc.                 | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |     77500 | NS      | $7247025.00   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Fb Financial Corp                        | FB Financial Corp.                         | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |    225000 | NS      | $10192500.00  | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                           | Littelfuse, Inc.                           | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     12500 | NS      | $2834125.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                              | Hexcel Corp.                               | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     25000 | NS      | $1412250.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                     | Lamar Advertising Co.                      | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     72500 | NS      | $8798600.00   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc            | Selective Insurance Group, Inc.            | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     30000 | NS      | $2599500.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Lkq Corp                                 | LKQ Corp.                                  | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     32500 | NS      | $1202825.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                             | Semtech Corp.                              | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |    125000 | NS      | $5642500.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-corp                     | Associated Banc-Corp                       | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |    300000 | NS      | $7317000.00   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc    | Artisan Partners Asset Management, Inc.    | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    115000 | NS      | $5097950.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Championx Corp                           | ChampionX Corp.                            | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |    175000 | NS      | $4347000.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp                | New Jersey Resources Corp.                 | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |     70000 | NS      | $3137400.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc             | Texas Capital Bancshares, Inc.             | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     50000 | NS      | $3970000.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Carmax Inc                               | CarMax, Inc.                               | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |     50000 | NS      | $3360500.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                      | Glacier Bancorp, Inc.                      | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    190000 | NS      | $8185200.00   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/the          | The Hanover Insurance Group, Inc.          | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     45000 | NS      | $7644150.00   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp Plc                | Gates Industrial Corp. PLC                 | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |    400000 | NS      | $9212000.00   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                            | Materion Corp.                             | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     85000 | NS      | $6746450.00   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastgroup Properties Inc                 | EastGroup Properties, Inc.                 | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     25000 | NS      | $4178000.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                     | Hayward Holdings, Inc.                     | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    400000 | NS      | $5520000.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstcash Holdings Inc                   | FirstCash, Inc.                            | CUSIP: 33768G107<br>LEI: 549300V2X3UU7K0DG350 | Long             | EC               | CORP              | US        |     50000 | NS      | $6757000.00   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Potlatchdeltic Corp                      | PotlatchDeltic Corp.                       | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |    125000 | NS      | $4796250.00   | 1.79%             |  |  |  | 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        |     30000 | NS      | $1326900.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                             | Lindsay Corp                               | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     45000 | NS      | $6491250.00   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Motion Technology Corp           | Silicon Motion Technology Corp.            | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | KY        |     75000 | NS      | $5637750.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Campbell's Company                   | The Campbell's Company                     | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     87500 | NS      | $2681875.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders Firstsource Inc                 | Builders FirstSource, Inc.                 | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     15000 | NS      | $1750350.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                      | Thor Industries, Inc.                      | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     50000 | NS      | $4440500.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cts Corp                                 | CTS Corp.                                  | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |    190000 | NS      | $8095900.00   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mgic Investment Corp                     | MGIC Investment Corp.                      | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    200000 | NS      | $5568000.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                  | Century Communities, Inc.                  | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     80000 | NS      | $4505600.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Nov Inc                                  | NOV, Inc.                                  | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |     90000 | NS      | $1118700.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp               | Lattice Semiconductor Corp.                | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     75000 | NS      | $3674250.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                     | Matador Resources Co.                      | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    125000 | NS      | $5965000.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                    | Antero Resources Corp.                     | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     40000 | NS      | $1611200.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp                  | Enerpac Tool Group Corp.                   | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |    125000 | NS      | $5070000.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                            | Valvoline, Inc.                            | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     35000 | NS      | $1325450.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc         | Prestige Consumer Healthcare, Inc.         | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42500 | NS      | $3393625.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew Plc                       | Smith & Nephew PLC                         | CUSIP: 83175M205<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |    150000 | NS      | $4594500.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                               | Brady Corp.                                | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |    105000 | NS      | $7136850.00   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                        | Hormel Foods Corp.                         | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     80000 | NS      | $2420000.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                         | Haemonetics Corp.                          | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     40000 | NS      | $2984400.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp                   | Acushnet Holdings Corp.                    | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |     40000 | NS      | $2912800.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp Of Florida         | Seacoast Banking Corp. of Florida          | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    375000 | NS      | $10357500.00  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc            | Northwestern Energy Group, Inc.            | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     65000 | NS      | $3334500.00   | 1.24%             |  |  |  | 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