Heartland Advisors, an investment management company, released its second-quarter 2026 investor letter for "Heartland Value Fund". A copy of the letter can be downloaded here. The AI trend continues to drive the market in the quarter. Small-cap stocks continue to outperform, with the Russell 2000® Index rising 21.49% in the quarter. The Heartland Value Fund gained 17.05% in the quarter, compared with the 17.19% return for the Russell 2000® Value Index. In addition, you can check the Fund's top 5 holdings to determine its best picks for 2026.
In its Q2 2026 investor letter, Heartland Value Fund highlighted Sonic Automotive, Inc. (NYSE:SAH). Sonic Automotive, Inc. (NYSE:SAH) is a leading US-based automotive retailer. On July 14, 2026, Sonic Automotive, Inc. (NYSE:SAH) closed at $92.38 per share, reflecting a market capitalization of $2.92 billion. Sonic Automotive, Inc. (NYSE:SAH) posted a one-month return of 20.54%, while its shares gained 10.57% over the past 52 weeks.
Heartland Value Fund stated the following regarding Sonic Automotive, Inc. (NYSE:SAH) in its Q2 2026 investor update:
"UTL demonstrates that there are plenty of attractively priced, small-cap companies outside of Technology. So does Sonic Automotive, Inc. (NYSE:SAH), one of the largest auto dealership groups with locations in major markets in the West, Southwest, and Southeast.
We first purchased SAH for the Strategy in 2014. But we exited the position two years later due to extraordinary costs Sonic was incurring to launch a used car business. Still, we continued to monitor their progress for the subsequent 9 years and repurchased shares earlier this year.
In its Q2 2026 investor letter, Heartland Value Fund highlighted Sonic Automotive, Inc. (NYSE:SAH). Sonic Automotive, Inc. (NYSE:SAH) is a leading US-based automotive retailer. On July 14, 2026, Sonic Automotive, Inc. (NYSE:SAH) closed at $92.38 per share, reflecting a market capitalization of $2.92 billion. Sonic Automotive, Inc. (NYSE:SAH) posted a one-month return of 20.54%, while its shares gained 10.57% over the past 52 weeks.
Heartland Value Fund stated the following regarding Sonic Automotive, Inc. (NYSE:SAH) in its Q2 2026 investor update:
"UTL demonstrates that there are plenty of attractively priced, small-cap companies outside of Technology. So does Sonic Automotive, Inc. (NYSE:SAH), one of the largest auto dealership groups with locations in major markets in the West, Southwest, and Southeast.
We first purchased SAH for the Strategy in 2014. But we exited the position two years later due to extraordinary costs Sonic was incurring to launch a used car business. Still, we continued to monitor their progress for the subsequent 9 years and repurchased shares earlier this year.
3 months ago
