# EDGAR Filing Document

**Accession Number:** 0000809586
**File Stem:** 0001752724-23-029359
**Filing Date:** 2023-2
**Character Count:** 20060
**Document Hash:** 90d07469376a081a0a9a660d14b30ecb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-029359.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001752724-23-029359

**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:** 23643003

**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:** 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:** $352286991.58

**Total Liabilities:** $2272466.60

**Net Assets:** $350014524.98

**Cash Not Reported:** $2877213.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000147928 | 12.38%               | 5.09%                | -4.89%               |
| Class ID C000147929 | 12.37%               | 4.97%                | -4.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8971579.78             | $42496547.72                               |
| Month 2  | $1189942.43              | $14618304.00                               |
| Month 3  | $-1783584.28             | $-15409494.33                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Micron Technology Inc             | Micron Technology, Inc.             | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    137724 | NS      | $6883445.52   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth               | Equity Commonwealth                 | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |    190073 | NS      | $4746122.81   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group Of America Inc  | Reinsurance Group of America, Inc.  | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     62460 | NS      | $8874941.40   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc             | Mohawk Industries, Inc.             | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     50636 | NS      | $5176011.92   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                    | A.O. Smith Corp.                    | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |    176885 | NS      | $10124897.40  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                       | Popular, Inc.                       | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |    115772 | NS      | $7677999.04   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Fmc Corp                          | FMC Corp.                           | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     72060 | NS      | $8993088.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                        | Kirby Corp.                         | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |    106334 | NS      | $6842592.90   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| U-haul Holding Co                 | U-Haul Holding Co.                  | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |    143012 | NS      | $7862799.76   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-mcmoran Inc              | Freeport-McMoRan, Inc.              | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     48467 | NS      | $1841746.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp         | Constellation Energy Corp.          | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |    142924 | NS      | $12321478.07  | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                     | Ingredion, Inc.                     | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     31078 | NS      | $3043468.54   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd        | RenaissanceRe Holdings, Ltd.        | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |     35543 | NS      | $6548086.89   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co Plc                    | Perrigo Co. PLC                     | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |    146037 | NS      | $4978401.33   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                      | Centene, Inc.                       | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     68409 | NS      | $5610222.09   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc      | Texas Capital Bancshares, Inc.      | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     42130 | NS      | $2540860.30   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                | Conagra Brands, Inc.                | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |    265601 | NS      | $10278758.70  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Carmax Inc                        | CarMax, Inc.                        | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |    159060 | NS      | $9685163.40   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc        | Americold Realty Trust, Inc.        | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               | CORP              | US        |    389084 | NS      | $11014968.04  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                            | F5, Inc.                            | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      6975 | NS      | $1000982.25   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc     | Interactive Brokers Group, Inc.     | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |    172371 | NS      | $12471041.85  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                 | Expedia, Inc.                       | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |     44936 | NS      | $3936393.60   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Corp                       | Markel Corp.                        | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      4679 | NS      | $6164535.71   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate Bancsystem Inc   | First Interstate BancSystem, Inc.   | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |    184797 | NS      | $7142404.05   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                         | Qorvo, Inc.                         | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     93621 | NS      | $8485807.44   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                     | Cable One, Inc.                     | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      4192 | NS      | $2984117.12   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc               | Thor Industries, Inc.               | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     83044 | NS      | $6268991.56   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc            | Advance Auto Parts, Inc.            | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     16299 | NS      | $2396441.97   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Horton Inc                     | DR Horton, Inc.                     | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     23131 | NS      | $2061897.34   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Nov Inc                           | NOV, Inc.                           | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    865967 | NS      | $18090050.63  | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp             | Encompass Health Corp.              | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    185105 | NS      | $11071130.05  | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                       | Genpact, Ltd.                       | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |    200310 | NS      | $9278359.20   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| U-haul Holding Co                 | U-Haul Holding Co.                  | CUSIP: 023586100<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |     24805 | NS      | $1493012.95   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                        | Watsco, Inc.                        | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     33271 | NS      | $8297787.40   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                     | Teradata Corp.                      | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |    383381 | NS      | $12904604.46  | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Amerisourcebergen Corp            | AmerisourceBergen Corp.             | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     18695 | NS      | $3097948.45   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc | Allison Transmission Holdings, Inc. | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |    122501 | NS      | $5096041.60   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc          | Essex Property Trust, Inc.          | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     51603 | NS      | $10935707.76  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-maine Foods Inc               | Cal-Maine Foods, Inc.               | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     64071 | NS      | $3488665.95   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc            | Skyworks Solutions, Inc.            | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     52431 | NS      | $4778037.03   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc           | Activision Blizzard, Inc.           | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |     34280 | NS      | $2624134.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp   | Old Republic International Corp.    | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    160045 | NS      | $3865086.75   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc           | Cboe Global Markets, Inc.           | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |     30972 | NS      | $3886056.84   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co      | Pioneer Natural Resources Co.       | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     20570 | NS      | $4697982.30   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bwx Technologies Inc              | BWX Technologies, Inc.              | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     95497 | NS      | $5546465.76   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc                    | Kennametal, Inc.                    | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |    147415 | NS      | $3546804.90   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ppg Industries Inc                | PPG Industries, Inc.                | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |    101598 | NS      | $12774932.52  | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-clark Corp               | Kimberly-Clark Corp.                | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     60973 | NS      | $8277084.75   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                    | Flowserve Corp.                     | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |    314825 | NS      | $9658831.00   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc             | Quest Diagnostics, Inc.             | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     66210 | NS      | $10357892.40  | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstenergy Corp                  | FirstEnergy Corp.                   | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    169724 | NS      | $7118224.56   | 2.03%             |  |  |  | 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