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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 New Gold Inc. (NYSEMKT:NGD). Based in Toronto, Canada, New Gold Inc. (NYSEMKT:NGD) is an intermediate gold mining company. The one-month return of New Gold Inc. (NYSEMKT:NGD) was 7.49%, and its shares gained 108.72% of their value over the last 52 weeks. On April 14, 2025, New Gold Inc. (NYSEMKT:NGD) stock closed at $3.59 per share with a market capitalization of $2.841 billion.
Heartland Value Fund stated the following regarding New Gold Inc. (NYSEMKT:NGD) in its Q1 2025 investor letter:
"For some time we have been supportive of holding hard asset producers such as well financed, profitable miners and their allied providers. A standout performer has been a Canadian producer, New Gold Inc. (NYSEMKT:NGD), owner of the Rainy River gold mine and New Afton copper/gold mines.
Aerial view of an open mine with large cranes and excavators working on the surface.
New Gold Inc. (NYSEMKT:NGD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 26 hedge fund portfolios held New Gold Inc. (NYSEMKT:NGD) at the end of the fourth quarter which was 23 in the previous quarter. While we acknowledge the potential of New Gold Inc. (NYSEMKT:NGD) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.