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Heartland Advisors, an investment management company, released its “Heartland Value Plus Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund declined 1.79% in the quarter, compared to a 1.06% loss for the Russell 2000 Value Index. Although stock selection was modestly negative for the entire portfolio, the selection effect was most pronounced in the financial sector. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.
Heartland Value Plus Fund highlighted stocks like Semtech Corporation (NASDAQ:SMTC), in the fourth quarter 2024 investor letter. Semtech Corporation (NASDAQ:SMTC) manufactures and distributes analog and mixed-signal semiconductor products and advanced algorithms. The one-month return of Semtech Corporation (NASDAQ:SMTC) was -0.58%, and its shares gained 252.29% of their value over the last 52 weeks. On January 13, 2025, Semtech Corporation (NASDAQ:SMTC) stock closed at $65.35 per share with a market capitalization of $5.632 billion.
Heartland Value Plus Fund stated the following regarding Semtech Corporation (NASDAQ:SMTC) in its Q4 2024 investor letter:
"Technology. Semtech Corporation (NASDAQ:SMTC), which manufactures optical components and technology solutions used in data centers and IoT (Internet of Things) systems, is a position we initiated in the third quarter and increased our exposure to in the fourth.
A technician looking at a circuit board of analog semiconductor products.