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HEARTLAND ADVISORS, INC.
CRD 29433File 801-19074
APPROVED
Retail clients
Disclosure events
Filing as of Feb 26, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$1.92B
Top 25% of cohort (national)
Discretionary AUM
$1.92B
Clients
90
93 accounts
Employees
26
Top 25% of cohort in WI
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Jun 23, 1983
- Principal office
- 790 N WATER STREET SUITE 1200, MILWAUKEE, WI, 53202
- Phone
- 414-347-7777
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $1.92B
- Discretionary AUM
- $1.92B
- Non-discretionary AUM
- $0
- Discretionary accounts
- 93
- Non-discretionary accounts
- 0
- Total accounts
- 93
- AUM per client
- $21.3M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 7 | $56.1M |
| Investment companies | 3 | $1.64B |
| Charitable organizations | Fewer than 5 | $21.5M |
| Other investment advisers | Fewer than 5 | $0 |
| High net worth individuals | 48 | $167.7M |
| Pension and profit sharing plans | Fewer than 5 | $11.4M |
| Individuals (other than high net worth individuals) | 32 | $21.2M |
Compensation & activities
ADV Items 5E, 5GCompensation
- A percentage of assets under your management
Advisory activities
- Portfolio management for businesses
- Portfolio management for investment companies
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11- Q11
- Q11C2
- Q11C4
- Q11C5
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Mar 1, 2026 | Clients | 88 | 90 | increased by2 |
| Mar 1, 2026 | AUM | $1,885,901,565 | $1,920,597,980 | increased by$34,696,415 |
| Mar 1, 2026 | Accounts | 92 | 93 | increased by1 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 27 | 26 | decreased by1 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 94 | 88 | decreased by6 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $1,857,184,358 | $1,885,901,565 | increased by$28,717,207 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 97 | 92 | decreased by5 |
| Apr 1, 2022 | Employees | 25 | 27 | increased by2 |
| Apr 1, 2022 | Clients | 103 | 94 | decreased by9 |
| Apr 1, 2022 | AUM | $1,532,060,226 | $1,857,184,358 | increased by$325,124,132 |
| Apr 1, 2022 | Accounts | 106 | 97 | decreased by9 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “HEARTLAND ADVISORS” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“HEARTLAND ADVISORS” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.