Heartland Advisors, an investment management company, released its “Heartland Mid Cap Value Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. As the overall stock market continues to widen, mid-caps are not experiencing the same. The high-quality value stocks continue to underperform, while speculative, low-quality, and momentum-driven sections of the market have received significant attention, and the valuation gaps are widening further. Against this backdrop, the Fund’s portfolio lost 1.92% in the quarter, versus the Russell Midcap® Value Index’s 1.42% return. The underperformance of its Quality Value holdings hit the performance of the strategy in the quarter. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its fourth-quarter 2025 investor letter, Heartland Mid Cap Value Fund highlighted stocks such as J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT). J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is a US based freight and logistics company. On January 12, 2026, J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) stock closed at $206.33 per share. One-month return of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) was 4.86%, and its shares gained 13.61% of their value over the last 52 weeks. J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has a market capitalization of $19.973 billion.
Heartland Mid Cap Value Fund stated the following regarding J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in its fourth quarter 2025 investor letter:
“Industrials. One area of encouragement is Industrials where J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) was our top contributor in the sector and for our portfolio in the quarter.
