Heartland Advisors, an investment management company, released its “Heartland Value Plus Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund declined 8.23% in the quarter, compared to a 7.7% loss for the Russell 2000 Value Index. The firm believes, this is a patient market, as expectations of better demand dynamics were put on hold during the quarter due to slowdown fears. 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 Plus Fund highlighted stocks such as Gates Industrial Corporation plc (NYSE:GTES). Gates Industrial Corporation plc (NYSE:GTES) manufactures and distributes engineered power transmission and fluid power solutions. The one-month return of Gates Industrial Corporation plc (NYSE:GTES) was -13.89%, and its shares lost 1.46% of their value over the last 52 weeks. On April 17, 2025, Gates Industrial Corporation plc (NYSE:GTES) stock closed at $16.93 per share with a market capitalization of $4.32 billion.
Heartland Value Plus Fund stated the following regarding Gates Industrial Corporation plc (NYSE:GTES) in its Q1 2025 investor letter:
“We consider Gates Industrial Corporation plc (NYSE:GTES), one of the leading global manufacturers of belts and hoses used in vehicles and industrial machines, to be an all-weather stock set up to perform well relative to small-cap Industrials in all types of macro environments. Yet the shares have fallen 21.7% since Feb. 19 along with the entire Industrial sector amid concerns of a trade war.
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