UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
09-30-2024
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
HEARTLAND ADVISORS INC
Address:
790 N WATER STREET
SUITE 1200
MILWAUKEE, WI 53202
Form 13F File Number:
028-04131

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Vinita K. Paul
Title:
Vice President, General Counsel & Secretary
Phone:
414-347-7777


Signature, Place, and Date of Signing:

/s/ Vinita K. Paul
                         [Signature]
Milwaukee, WISCONSIN
                 [City, State]
11-12-2024
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
184
Form 13F Information table Value Total:
1907174175
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ACADEMY SPORTS & OUTDOORS INCCOM00402L1072,918,00050,000SHDFND50,000 0 0
ACCURAY INCCOM0043971056,033,5103,351,950SHDFND2,823,950 0 528,000
ACUSHNET HOLDINGS CORPCOM0050981086,834,510107,208SHDFND107,208 0 0
ALASKA AIR GROUP INCCOM0116591099,604,865212,450SHDFND199,350 0 13,100
ALEXANDER & BALDWIN INC NEWCOM0144911044,800,000250,000SHDFND250,000 0 0
ALGOMA STL GROUP INCCOM0156581071,023,000100,000SHDFND100,000 0 0
ALPHABET INCCAP STK CL A02079K3055,249,81631,654SHDFND31,654 0 0
ALPINE INCOME PPTY TR INCCOM02083X10311,516,050632,750SHDFND586,550 0 46,200
AMN HEALTHCARE SVCS INCCOM0017441014,966,328117,158SHDFND117,158 0 0
ARTISAN PARTNERS ASSET MGMTCL A04316A1088,117,172187,377SHDFND187,377 0 0
ASSOCIATED BANC CORPCOM0454871058,616,000400,000SHDFND400,000 0 0
ASTEC INDS INCCOM0462241015,670,947177,550SHDFND158,800 0 18,750
AUDIOCODES LTDORDM153421048,859,165910,500SHDFND831,800 0 78,700
BABCOCK & WILCOX ENTERPRISESCOM05614L2092,681,9881,314,700SHDFND892,700 0 422,000
BALL CORPCOM05849810618,156,553267,362SHDFND267,362 0 0
BARRETT BUSINESS SVCS INCCOM06846310817,817,250475,000SHDFND475,000 0 0
BECTON DICKINSON & COCOM07588710919,709,44381,748SHDFND81,748 0 0
BENCHMARK ELECTRS INCCOM08160H1014,043,18191,227SHDFND91,227 0 0
BERKLEY W R CORPCOM08442310215,179,416267,573SHDFND267,573 0 0
BERKSHIRE HATHAWY INC DELCL B NEW0846707024,874,61410,591SHDFND10,591 0 0
BOSTON BEER INCCL A100557107413,1811,429SHDFND1,429 0 0
BRADY CORPCL A1046741068,580,644111,975SHDFND111,975 0 0
BWX TECHNOLOGIES INCCOM05605H1002,070,73519,050SHDFND19,050 0 0
CAL MAINE FOODS INCCOM NEW1280302026,935,27392,668SHDFND92,668 0 0
CAMDEN PPTY TRSH BEN INT13313110221,874,322177,077SHDFND177,077 0 0
CANADIAN NATL RY COCOM1363751021,478,08212,617SHDFND12,617 0 0
CANTALOUPE INCCOM1381031065,180,000700,000SHDFND700,000 0 0
CAPITAL CITY BK GROUP INCCOM13967410521,417,854606,910SHDFND586,110 0 20,800
CARMAX INCCOM1431301029,417,997121,711SHDFND121,711 0 0
CARRIAGE SVCS INCCOM14390510711,344,407345,550SHDFND319,100 0 26,450
CASS INFORMATION SYS INCCOM14808P10915,502,445373,733SHDFND364,383 0 9,350
CENTENE CORP DELCOM15135B10135,252,796468,289SHDFND468,289 0 0
CENTERRA GOLD INCCOM15200610216,233,1522,267,200SHDFND2,109,200 0 158,000
CENTRUS ENERGY CORPCL A15643U10410,306,315187,900SHDFND165,850 0 22,050
CENTURY CMNTYS INCCOM15650430016,639,920161,584SHDFND161,584 0 0
CHAMPIONX CORPORATIONCOM15872M1045,631,899186,796SHDFND186,796 0 0
CHARLES RIV LABS INTL INCCOM1598641074,748,55324,108SHDFND24,108 0 0
CHART INDS INCCOM16115Q30818,707,898150,700SHDFND141,855 0 8,845
CISCO SYS INCCOM17275R1021,903,83935,773SHDFND35,773 0 0
COMMUNITY TR BANCORP INCCOM2041491088,458,340170,325SHDFND162,575 0 7,750
CONSTELLATION ENERGY CORPCOM21037T1098,490,95332,655SHDFND32,655 0 0
COTERRA ENERGY INCCOM12709710315,215,627635,308SHDFND635,308 0 0
CTS CORPCOM12650110510,872,728224,736SHDFND224,736 0 0
CUSTOM TRUCK ONE SOURCE INCCOM CL A23204X1033,277,500950,000SHDFND950,000 0 0
DELEK US HLDGS INC NEWCOM24665A1037,403,906394,875SHDFND379,175 0 15,700
DENTSPLY SIRONA INCCOM24906P10914,903,214550,747SHDFND550,747 0 0
DNOW INCCOM67011P1007,075,296547,200SHDFND521,800 0 25,400
DOLLAR GEN CORP NEWCOM2566771051,178,82113,939SHDFND13,939 0 0
DONALDSON INCCOM25765110913,398,365181,796SHDFND181,796 0 0
ENCOMPASS HEALTH CORPCOM29261A1002,557,28826,462SHDFND26,462 0 0
ENERPAC TOOL GROUP CORPCL A COM2927651045,611,626133,961SHDFND133,961 0 0
EOG RES INCCOM26875P10113,131,874106,824SHDFND106,824 0 0
ESSEX PPTY TR INCCOM29717810521,247,49371,923SHDFND71,923 0 0
EVERTEC INCCOM30040P1033,727,900110,000SHDFND110,000 0 0
EXELON CORPCOM30161N10112,955,603319,497SHDFND319,497 0 0
EXXON MOBIL CORPCOM30231G1021,537,69213,118SHDFND13,118 0 0
EZCORP INCCL A NON VTG30230110612,007,0311,071,100SHDFND1,010,900 0 60,200
FB FINL CORPCOM30257X10415,086,071321,459SHDFND321,459 0 0
FIDELITY NATL INFORMATION SVCOM31620M10616,177,736193,167SHDFND193,167 0 0
FIRST AMERN FINL CORPCOM31847R10220,578,485311,748SHDFND311,748 0 0
FIRST INTERNET BANCORPCOM3205571016,852,000200,000SHDFND200,000 0 0
FIRSTENERGY CORPCOM33793210719,146,383431,711SHDFND431,711 0 0
FLOWSERVE CORPCOM34354P1052,584,50050,000SHDFND50,000 0 0
FMC CORPCOM NEW30249130314,960,467226,880SHDFND226,880 0 0
FORESTAR GROUP INCCOM34623210111,329,500350,000SHDFND350,000 0 0
GATES INDL CORP PLCORD SHSG391081087,560,171430,779SHDFND430,779 0 0
GLACIER BANCORP INC NEWCOM37637Q10527,960,265611,822SHDFND611,822 0 0
GRAND CANYON ED INCCOM38526M1068,534,97360,169SHDFND60,169 0 0
GRANITE CONSTR INCCOM3873281078,527,515107,562SHDFND107,562 0 0
HAEMONETICS CORP MASSCOM40502410011,341,457141,098SHDFND141,098 0 0
HALLADOR ENERGY COMPANYCOM40609P1057,751,460822,000SHDFND744,300 0 77,700
HANOVER INS GROUP INCCOM41086710510,318,23169,666SHDFND69,666 0 0
HARVARD BIOSCIENCE INCCOM4169061053,228,0001,200,000SHDFND1,200,000 0 0
HAYWARD HLDGS INCCOM42129810010,130,659660,408SHDFND660,408 0 0
HEALTHCARE SVCS GROUP INCCOM4219061088,565,715766,850SHDFND724,950 0 41,900
HEALTHSTREAM INCCOM42222N1039,182,425318,392SHDFND318,392 0 0
HERITAGE FINL CORP WASHCOM42722X1065,986,750275,000SHDFND275,000 0 0
HERSHEY COCOM42786610819,514,382101,754SHDFND101,754 0 0
HEXCEL CORP NEWCOM4282911086,801,300110,000SHDFND110,000 0 0
HUDSON GLOBAL INCCOM NEW4437872054,705,250293,711SHDFND279,871 0 13,840
HUNT J B TRANS SVCS INCCOM44565810719,700,593114,319SHDFND114,319 0 0
I3 VERTICALS INCCOM CL A46571Y10717,311,179812,350SHDFND775,650 0 36,700
INFUSYSTEM HLDGS INCCOM45685K1023,350,000500,000SHDFND500,000 0 0
INGREDION INCCOM45718710214,783,895107,574SHDFND107,574 0 0
INTEGER HLDGS CORPCOM45826H1095,850,00045,000SHDFND45,000 0 0
INTERACTIVE BROKERS GROUP INCOM CL A45841N1072,728,11119,576SHDFND19,576 0 0
INTERNATIONAL PAPER COCOM4601461036,706,372137,285SHDFND137,285 0 0
INTL GNRL INSURANCE HLDNGS LSHSG4809J10611,658,400613,600SHDFND567,050 0 46,550
JOHNSON & JOHNSONCOM4781601043,965,44624,469SHDFND24,469 0 0
KENNAMETAL INCCOM4891701007,670,587295,819SHDFND295,819 0 0
KIMBERLY-CLARK CORPCOM49436810321,249,518149,350SHDFND149,350 0 0
KIRBY CORPCOM4972661068,609,03370,318SHDFND70,318 0 0
KNIFE RIVER CORPCOMMON STOCK4988941045,363,40060,000SHDFND60,000 0 0
KNIGHT-SWIFT TRANSN HLDGS INCL A49904910421,583,938400,073SHDFND400,073 0 0
LAKELAND FINL CORPCOM5116561001,483,82422,786SHDFND22,786 0 0
LAMAR ADVERTISING CO NEWCL A51281610910,007,97674,910SHDFND74,910 0 0
LAMB WESTON HLDGS INCCOM5132721044,857,37775,029SHDFND75,029 0 0
LEIDOS HLDGS INCCOM52532710218,494,469113,463SHDFND113,463 0 0
LINCOLN EDL SVCS CORPCOM53353510017,696,3701,482,108SHDFND1,456,858 0 25,250
LINCOLN ELEC HLDGS INCCOM5339001065,265,38027,421SHDFND27,421 0 0
LINDSAY CORPCOM5355551066,660,51253,438SHDFND53,438 0 0
MAGNOLIA OIL & GAS CORPCL A5596631097,326,000300,000SHDFND300,000 0 0
MAMAS CREATIONS INCCOM56146T1032,920,000400,000SHDFND400,000 0 0
MARCUS CORP DELCOM5663301062,260,500150,000SHDFND150,000 0 0
MARTEN TRANS LTDCOM5730751082,655,000150,000SHDFND150,000 0 0
MATERION CORPCOM57669010110,187,20291,071SHDFND91,071 0 0
MGIC INVT CORP WISCOM55284810318,945,306740,051SHDFND740,051 0 0
MICRON TECHNOLOGY INCCOM5951121031,692,34016,318SHDFND16,318 0 0
MIDDLEBY CORPCOM5962781016,988,50050,230SHDFND50,230 0 0
MIDWESTONE FINL GROUP INC NECOM5985111032,853,000100,000SHDFND100,000 0 0
MOHAWK INDS INCCOM60819010444,417,897276,437SHDFND276,437 0 0
MURPHY OIL CORPCOM6267171029,038,811267,896SHDFND267,896 0 0
NATIONAL FUEL GAS COCOM6361801018,842,696145,895SHDFND138,095 0 7,800
NATIONAL STORAGE AFFILIATESCOM SHS BEN IN63787010621,261,020441,100SHDFND426,400 0 14,700
NEW GOLD INC CDACOM64453510613,513,5364,692,200SHDFND4,456,200 0 236,000
NEW JERSEY RES CORPCOM6460251063,162,11766,994SHDFND66,994 0 0
NORTHERN TR CORPCOM66585910416,573,713184,091SHDFND184,091 0 0
NORTHWEST PIPE COCOM66774610116,562,710367,000SHDFND351,500 0 15,500
NORTHWESTERN ENERGY GROUP INCOM NEW6680743053,221,60056,302SHDFND56,302 0 0
NOV INCCOM62955J10330,944,3341,937,654SHDFND1,937,654 0 0
OLD REP INTL CORPCOM68022310414,755,866416,597SHDFND416,597 0 0
ON SEMICONDUCTOR CORPCOM6821891056,950,22995,720SHDFND95,720 0 0
ONE GAS INCCOM68235P1083,190,68342,874SHDFND42,874 0 0
ORACLE CORPCOM68389X1051,972,89111,578SHDFND11,578 0 0
ORION S.A.COML729671098,278,088464,800SHDFND422,800 0 42,000
PACKAGING CORP AMERCOM69515610915,681,98272,804SHDFND72,804 0 0
PARK AEROSPACE CORPCOM70014A1041,792,381137,558SHDFND137,558 0 0
PATTERSON COS INCCOM7033951039,148,776418,900SHDFND392,800 0 26,100
PERMA-FIX ENVIRONMENTAL SVCSCOM NEW7141572036,135,000500,000SHDFND500,000 0 0
PERRIGO CO PLCSHSG9782210329,590,0891,128,101SHDFND1,086,101 0 42,000
PHOTRONICS INCCOM7194051028,383,736338,600SHDFND307,400 0 31,200
PLYMOUTH INDL REIT INCCOM7296401024,520,000200,000SHDFND200,000 0 0
PNC FINL SVCS GROUP INCCOM6934751054,592,59824,845SHDFND24,845 0 0
POTBELLY CORPCOM73754Y1007,744,524928,600SHDFND849,600 0 79,000
POTLATCHDELTIC CORPORATIONCOM73763010323,327,701517,818SHDFND517,818 0 0
PPG INDS INCCOM69350610716,210,587122,381SHDFND122,381 0 0
PRIMO WATER CORPORATIONCOM74167P10816,412,500650,000SHDFND650,000 0 0
PRIMORIS SVCS CORPCOM74164F10311,616,000200,000SHDFND200,000 0 0
PUBLIC STORAGE OPER COCOM74460D10933,880,66393,112SHDFND93,112 0 0
PURE CYCLE CORPCOM NEW7462283035,748,692533,769SHDFND533,769 0 0
QORVO INCCOM74736K10111,665,049112,924SHDFND112,924 0 0
QUEST DIAGNOSTICS INCCOM74834L10025,518,443164,370SHDFND164,370 0 0
RADIAN GROUP INCCOM75023610113,876,000400,000SHDFND400,000 0 0
ROBERT HALF INC.COM77032310312,025,405178,392SHDFND178,392 0 0
SCIENCE APPLICATIONS INTL COCOM80862510711,217,36380,544SHDFND80,544 0 0
SEABOARD CORP DELCOM8115431073,764,4001,200SHDFND1,200 0 0
SEACOAST BKG CORP FLACOM NEW81170780123,711,331889,731SHDFND881,531 0 8,200
SEADRILL 2021 LTDCOMG7997W1023,974,000100,000SHDFND100,000 0 0
SEALED AIR CORP NEWCOM81211K10012,386,359341,222SHDFND341,222 0 0
SEMTECH CORPCOM8168501017,341,808160,793SHDFND160,793 0 0
SENSATA TECHNOLOGIES HLDG PLSHSG8060N1027,249,099202,150SHDFND184,450 0 17,700
SENSIENT TECHNOLOGIES CORPCOM81725T1008,500,512105,965SHDFND105,965 0 0
SILICON MOTION TECHNOLOGY COSPONSORED ADR82706C10822,337,439367,755SHDFND355,155 0 12,600
SIMPSON MFG INCCOM8290731051,062,3145,554SHDFND5,554 0 0
SKECHERS U S A INCCL A8305661059,211,672137,652SHDFND137,652 0 0
SMITH & NEPHEW PLCSPDN ADR NEW83175M20513,610,422437,072SHDFND437,072 0 0
SMITH A O CORPCOM8318652099,306,119103,597SHDFND103,597 0 0
STARBUCKS CORPCOM8552441092,680,29327,493SHDFND27,493 0 0
STEWART INFORMATION SVCS CORCOM8603721019,342,500125,000SHDFND125,000 0 0
STIFEL FINL CORPCOM86063010210,049,741107,026SHDFND107,026 0 0
SUNCOR ENERGY INC NEWCOM8672241071,953,95452,924SHDFND52,924 0 0
SUNOPTA INCCOM8676EP1083,190,000500,000SHDFND500,000 0 0
TE CONNECTIVITY PLCORD SHSG870521095,602,78637,107SHDFND37,107 0 0
TELEDYNE TECHNOLOGIES INCCOM87936010530,317,14669,271SHDFND69,271 0 0
TELEFLEX INCORPORATEDCOM8793691064,636,26118,746SHDFND18,746 0 0
TEXAS CAP BANCSHARES INCCOM88224Q10742,356,700592,733SHDFND584,633 0 8,100
TEXAS INSTRS INCCOM8825081041,976,0499,566SHDFND9,566 0 0
THERMON GROUP HLDGS INCCOM88362T1037,193,529241,070SHDFND241,070 0 0
THOR INDS INCCOM8851601018,141,42074,087SHDFND74,087 0 0
TIPTREE INCCOM88822Q1036,360,250325,000SHDFND325,000 0 0
TRICO BANCSHARESCOM89609510610,662,500250,000SHDFND250,000 0 0
TWIN DISC INCCOM9014761012,366,405189,464SHDFND189,464 0 0
UGI CORP NEWCOM90268110511,610,531464,050SHDFND438,200 0 25,850
UMH PPTYS INCCOM9030021032,950,500150,000SHDFND150,000 0 0
UNILEVER PLCSPON ADR NEW9047677043,640,09956,036SHDFND56,036 0 0
V F CORPCOM9182041083,207,721160,788SHDFND160,788 0 0
VAIL RESORTS INCCOM91879Q10911,572,85666,400SHDFND66,400 0 0
VALERO ENERGY CORPCOM91913Y1009,375,53869,433SHDFND69,433 0 0
VIPER ENERGY INCCL A92795910613,533,000300,000SHDFND300,000 0 0
WATSCO INCCOM94262220015,675,72431,869SHDFND31,869 0 0
WAYFAIR INCCL A94419L1011,966,30035,000SHDFND35,000 0 0
WEC ENERGY GROUP INCCOM92939U10611,455,519119,105SHDFND119,105 0 0
WILLIS TOWERS WATSON PLC LTDSHSG966291039,783,40333,217SHDFND33,217 0 0
WISDOMTREE TRINTL SMCAP DIV97717W760333,9954,837SHDFND4,837 0 0