In the fourth quarter of 2025, Heartland Advisors' Mid Cap Value Strategy experienced notable developments, with J.B. Hunt Transport Services (JBHT) leading the Industrials sector and the overall portfolio's positive contributions. The firm strategically expanded its holdings by initiating a position in MarketAxess Holdings, a prominent player in electronic bond trading, recognized for its quality value attributes.
Despite positive movements, one of the portfolio's long-standing investments, Kimberly Clark, encountered headwinds. This consumer goods giant, known for brands like Huggies and Kleenex, saw its position adjusted due to market difficulties. However, the firm maintains a balanced outlook on Kimberly Clark, acknowledging its robust brand presence and potential for future recovery.
Heartland Advisors' meticulous management of its Mid Cap Value Strategy reflects a commitment to identifying and nurturing investments that demonstrate both strong performance and intrinsic value. The adaptability shown in managing positions like Kimberly Clark, alongside strategic new entries such as MarketAxess, underscores a proactive approach to navigating the complexities of the market and striving for sustained growth and resilience in their portfolio.