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Heartland Advisors, an investment management company, released its “Heartland Value Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund was down 5.63% in the first quarter compared to a 7.74% fall for the Russell 2000 Value Index. The fund outperformed the benchmark over the past 1, 3, and 5 years. Stock selection accounted for almost all of the first-quarter outperformance, specifically strong in Energy, Financials, Technology, Real Estate, and Consumer Discretionary. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its first quarter 2025 investor letter, Heartland Value Fund emphasized stocks such as PotlatchDeltic Corporation (NASDAQ:PCH). PotlatchDeltic Corporation (NASDAQ:PCH) is a Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands. The one-month return of PotlatchDeltic Corporation (NASDAQ:PCH) was -13.82%, and its shares lost 7.26% of their value over the last 52 weeks. On April 14, 2025, PotlatchDeltic Corporation (NASDAQ:PCH) stock closed at $39.34 per share with a market capitalization of $3.098 billion.
Heartland Value Fund stated the following regarding PotlatchDeltic Corporation (NASDAQ:PCH) in its Q1 2025 investor letter:
"While Columbus McKinnon is an example of a stock that was negatively impacted by policy uncertainty (at least temporarily), PotlatchDeltic Corporation (NASDAQ:PCH) is a company that could benefit from recent policy changes.