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:
12-31-2023
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]
02-05-2024
                           [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).)



List of Other Managers Reporting for this Manager
[If there are no entries in this list, omit this section.]



Form 13F File NumberNameCIK
028-12592
Bank of New York Mellon Corp
0001390777

Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
183
Form 13F Information table Value Total:
1913603112
          (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
ACCURAY INCCOM0043971058,086,7252,857,500SHDFND2,566,150 0 291,350
ALASKA AIR GROUP INCCOM0116591093,907,000100,000SHDFND100,000 0 0
ALPHABET INCCAP STK CL A02079K3054,648,04533,274SHDFND33,274 0 0
ALPINE INCOME PPTY TR INCCOM02083X1036,764,000400,000SHDFND400,000 0 0
AMERICAN VANGUARD CORPCOM0303711086,142,388520,952SHDFND520,952 0 0
AMERICOLD REALTY TRUST INCCOM03064D1081,920,35963,441SHDFND63,441 0 0
ANGIODYNAMICS INCCOM03475V1012,427,468287,192SHDFND287,192 0 0
ARTISAN PARTNERS ASSET MGMTCL A04316A10817,607,630367,093SHDFND367,093 0 0
ASSOCIATED BANC CORPCOM0454871058,556,000400,000SHDFND400,000 0 0
ASTEC INDS INCCOM0462241017,317,724182,793SHDFND182,793 0 0
ATN INTL INCCOM00215F10712,045,510286,978SHDFND286,978 0 0
AUDIOCODES LTDORDM153421049,962,578825,400SHDFND786,600 0 38,800
AVANOS MED INCCOM05350V1069,443,546391,091SHDFND391,091 0 0
BALL CORPCOM05849810610,523,744182,958SHDFND182,958 0 0
BARRETT BUSINESS SVCS INCCOM06846310815,633,000135,000SHDFND135,000 0 0
BECTON DICKINSON & COCOM0758871093,565,77014,624SHDFND14,624 0 0
BENCHMARK ELECTRS INCCOM08160H1019,779,032353,800SHDFND332,800 0 21,000
BERKLEY W R CORPCOM0844231026,434,67190,988SHDFND90,988 0 0
BERKSHIRE HATHAWAY INC DELCL B NEW0846707024,001,01211,218SHDFND11,218 0 0
BERRY CORPCOM08579X1018,011,7401,139,650SHDFND1,091,450 0 48,200
BLOOMIN BRANDS INCCOM0942351087,451,868245,683SHDFND245,683 0 0
BOSTON BEER INCCL A1005571071,417,2654,101SHDFND4,101 0 0
BRADY CORPCL A1046741064,719,55676,361SHDFND76,361 0 0
BWX TECHNOLOGIES INCCOM05605H1008,496,313110,730SHDFND110,730 0 0
CABLE ONE INCCOM12685J1053,864,9616,944SHDFND6,944 0 0
CAL MAINE FOODS INCCOM NEW12803020220,886,115363,933SHDFND363,933 0 0
CANADIAN NATL RY COCOM1363751022,013,72316,029SHDFND16,029 0 0
CANTALOUPE INCCOM1381031065,187,000700,000SHDFND700,000 0 0
CAPITAL CITY BK GROUP INCCOM13967410516,338,359555,160SHDFND536,160 0 19,000
CARMAX INCCOM14313010216,516,520215,227SHDFND215,227 0 0
CARRIAGE SVCS INCCOM1439051077,979,340319,046SHDFND307,146 0 11,900
CARTERS INCCOM14622910923,982,100300,542SHDFND300,542 0 0
CASS INFORMATION SYS INCCOM14808P10915,932,473353,662SHDFND353,662 0 0
CBOE GLOBAL MKTS INCCOM12503M1081,424,3737,977SHDFND7,977 0 0
CECO ENVIRONMENTAL CORPCOM1251411017,605,000375,000SHDFND375,000 0 0
CENTENE CORP DELCOM15135B10133,376,393449,756SHDFND449,756 0 0
CENTERRA GOLD INCCOM15200610213,079,2202,194,500SHDFND2,086,300 0 108,200
CENTURY CMNTYS INCCOM15650430017,730,922194,546SHDFND194,546 0 0
CHAMPIONX CORPORATIONCOM15872M1041,648,87552,264SHDFND52,264 0 0
CISCO SYS INCCOM17275R1021,902,98737,668SHDFND37,668 0 0
COMMUNITY TR BANCORP INCCOM2041491082,237,69351,019SHDFND51,019 0 0
COMSTOCK RES INCCOM20576830212,020,7511,256,545SHDFND1,256,545 0 0
CONSOLIDATED WATER CO INCORDG237731074,450,000125,000SHDFND125,000 0 0
CONSTELLATION ENERGY CORPCOM21037T10913,542,759115,859SHDFND115,859 0 0
CORECIVIC INCCOM21871N1013,279,537209,049SHDFND209,049 0 0
COTERRA ENERGY INCCOM12709710316,413,188643,150SHDFND643,150 0 0
CTS CORPCOM1265011059,854,709208,946SHDFND208,946 0 0
DENTSPLY SIRONA INCCOM24906P1097,062,408198,438SHDFND198,438 0 0
DOLLAR GEN CORP NEWCOM25667710512,602,15792,697SHDFND92,697 0 0
DOUGLAS ELLIMAN INCCOM25961D1051,770,000600,000SHDFND600,000 0 0
DRIL-QUIP INCCOM26203710416,079,710657,720SHDFND630,520 0 27,200
ENCOMPASS HEALTH CORPCOM29261A10021,103,536316,300SHDFND316,300 0 0
ENERPAC TOOL GROUP CORPCL A COM2927651047,044,217209,615SHDFND209,615 0 0
ENVELA CORPCOM29402E1021,944,000400,000SHDFND400,000 0 0
EOG RES INCCOM26875P1012,514,43020,789SHDFND20,789 0 0
EQUITY COMWLTHCOM SH BEN INT2946281029,614,842500,773SHDFND500,773 0 0
ESSEX PPTY TR INCCOM29717810518,816,16775,890SHDFND75,890 0 0
EVERI HLDGS INCCOM30034T1032,254,000200,000SHDFND200,000 0 0
EVERTEC INCCOM30040P1035,162,534126,100SHDFND112,200 0 13,900
EXELON CORPCOM30161N10117,529,647488,291SHDFND488,291 0 0
EZCORP INCCL A NON VTG3023011069,775,2531,118,450SHDFND1,043,950 0 74,500
FARMLAND PARTNERS INCCOM31154R1096,997,224521,805SHDFND521,805 0 0
FB FINL CORPCOM30257X10411,236,823261,267SHDFND261,267 0 0
FIRST AMERN FINL CORPCOM31847R10219,856,477308,139SHDFND308,139 0 0
FIRST INTERNET BANCORPCOM3205571014,838,000200,000SHDFND200,000 0 0
FIRST INTST BANCSYSTEM INCCOM32055Y2014,411,088143,450SHDFND136,350 0 7,100
FIRSTENERGY CORPCOM33793210717,736,328483,806SHDFND483,806 0 0
FLOWSERVE CORPCOM34354P1058,427,470204,451SHDFND204,451 0 0
FMC CORPCOM NEW3024913034,413,50070,000SHDFND70,000 0 0
FORESTAR GROUP INCCOM34623210113,228,000400,000SHDFND400,000 0 0
GLACIER BANCORP INC NEWCOM37637Q10522,334,121521,045SHDFND521,045 0 0
GRAND CANYON ED INCCOM38526M1069,125,54869,112SHDFND69,112 0 0
GRANITE CONSTR INCCOM38732810712,958,467235,777SHDFND235,777 0 0
HAEMONETICS CORP MASSCOM40502410020,004,808221,697SHDFND221,697 0 0
HANOVER INS GROUP INCCOM41086710516,420,841125,477SHDFND125,477 0 0
HARVARD BIOSCIENCE INCCOM4169061054,635,598866,467SHDFND866,467 0 0
HEALTHCARE SVCS GROUP INCCOM42190610813,872,3121,292,053SHDFND1,229,353 0 62,700
HEALTHSTREAM INCCOM42222N10318,459,409640,725SHDFND640,725 0 0
HEARTLAND EXPRESS INCCOM4223471045,596,893365,269SHDFND365,269 0 0
HERITAGE FINL CORP WASHCOM42722X1069,539,940446,000SHDFND435,900 0 10,100
HOWMET AEROSPACE INCCOM443201108655,98912,121SHDFND12,121 0 0
HUDSON GLOBAL INCCOM NEW4437872054,669,708301,466SHDFND287,626 0 13,840
HUNT J B TRANS SVCS INCCOM44565810727,754,272138,952SHDFND138,952 0 0
I3 VERTICALS INCCOM CL A46571Y10711,447,678540,750SHDFND509,150 0 31,600
INFUSYSTEM HLDGS INCCOM45685K1024,792,833454,728SHDFND454,728 0 0
INGREDION INCCOM45718710218,359,043169,161SHDFND169,161 0 0
INTEGER HLDGS CORPCOM45826H1097,431,00075,000SHDFND75,000 0 0
INTERACTIVE BROKERS GROUP INCOM CL A45841N1073,031,23936,565SHDFND36,565 0 0
INTL GNRL INSURANCE HLDNGSSHSG4809J1069,618,784746,800SHDFND678,300 0 68,500
JOHNSON & JOHNSONCOM4781601044,515,05228,806SHDFND28,806 0 0
KENNAMETAL INCCOM48917010016,296,134631,878SHDFND631,878 0 0
KIMBERLY-CLARK CORPCOM4943681037,815,88864,323SHDFND64,323 0 0
KIRBY CORPCOM4972661066,314,42280,459SHDFND80,459 0 0
KNIFE RIVER CORPCOMMON STOCK4988941046,618,000100,000SHDFND100,000 0 0
KNOWLES CORPCOM49926D1099,585,145496,325SHDFND496,325 0 0
KULICKE & SOFFA INDS INCCOM501242101618,55510,472SHDFND10,472 0 0
LAKELAND FINL CORPCOM5116561001,544,22723,699SHDFND23,699 0 0
LAMAR ADVERTISING CO NEWCL A5128161097,184,52862,686SHDFND62,686 0 0
LEIDOS HLDGS INCCOM52532710214,015,565129,486SHDFND129,486 0 0
LINCOLN EDL SVCS CORPCOM53353510017,523,8161,745,400SHDFND1,692,900 0 52,500
LINDSAY CORPCOM5355551065,813,10441,796SHDFND41,796 0 0
M D C HLDGS INCCOM5526761083,178,09152,560SHDFND52,560 0 0
MAMAS CREATIONS INCCOM56146T1034,664,500950,000SHDFND950,000 0 0
MARKEL GROUP INCCOM5705351043,047,1052,146SHDFND2,146 0 0
MARTEN TRANS LTDCOM5730751083,147,000150,000SHDFND150,000 0 0
METHODE ELECTRS INCCOM5915202006,098,368256,295SHDFND256,295 0 0
MGIC INVT CORP WISCOM5528481039,645,000500,000SHDFND500,000 0 0
MICRON TECHNOLOGY INCCOM59511210314,033,992164,448SHDFND164,448 0 0
MIDDLEBY CORPCOM5962781014,511,49630,655SHDFND30,655 0 0
MOHAWK INDS INCCOM60819010430,481,578294,508SHDFND289,208 0 5,300
MONRO INCCOM6102361014,547,612145,244SHDFND145,244 0 0
MURPHY OIL CORPCOM62671710212,987,538282,462SHDFND282,462 0 0
NATIONAL FUEL GAS COCOM63618010117,018,417339,215SHDFND326,015 0 13,200
NATIONAL STORAGE AFFILIATESCOM SHS BEN IN63787010619,733,500475,850SHDFND450,050 0 25,800
NEW GOLD INC CDACOM6445351065,475,0003,750,000SHDFND3,750,000 0 0
NORTHERN TR CORPCOM66585910426,918,992319,021SHDFND319,021 0 0
NORTHWEST PIPE COCOM66774610113,869,671458,350SHDFND437,350 0 21,000
NOV INCCOM62955J10348,799,6832,406,296SHDFND2,385,496 0 20,800
NOW INCCOM67011P10010,812,570955,174SHDFND914,674 0 40,500
OIL DRI CORP AMERCOM67786410010,765,267148,282SHDFND148,282 0 0
OLD REP INTL CORPCOM68022310413,123,366446,373SHDFND446,373 0 0
ORACLE CORPCOM68389X1051,330,94812,624SHDFND12,624 0 0
ORION S.A.COML7296710910,928,393394,100SHDFND375,600 0 18,500
OSISKO GOLD ROYALTIES LTDCOM68827L1016,942,936486,200SHDFND451,700 0 34,500
PACKAGING CORP AMERCOM69515610912,250,34375,197SHDFND75,197 0 0
PARK AEROSPACE CORPCOM70014A10414,080,101890,849SHDFND890,849 0 0
PATTERSON COS INCCOM70339510311,573,460406,800SHDFND387,600 0 19,200
PERMA-FIX ENVIRONMENTAL SVCSCOM NEW7141572033,930,000500,000SHDFND500,000 0 0
PERRIGO CO PLCSHSG9782210337,801,3951,174,686SHDFND1,153,086 0 21,600
PHOTRONICS INCCOM7194051026,274,000200,000SHDFND200,000 0 0
PIONEER NAT RES COCOM7237871075,435,12524,169SHDFND24,169 0 0
PNC FINL SVCS GROUP INCCOM6934751058,819,17256,953SHDFND56,953 0 0
POPULAR INCCOM NEW73317470012,112,958147,593SHDFND147,593 0 0
PORTLAND GEN ELECTRIC COCOM NEW73650884710,960,816234,870SHDFND234,870 0 0
POTBELLY CORPCOM73754Y10010,012,578960,900SHDFND907,400 0 53,500
POTLATCHDELTIC CORPORATIONCOM73763010325,343,996489,798SHDFND489,798 0 0
PPG INDS INCCOM69350610712,800,73285,595SHDFND85,595 0 0
PRIMO WATER CORPORATIONCOM74167P10813,483,295895,900SHDFND846,900 0 49,000
PRIMORIS SVCS CORPCOM74164F1035,811,750175,000SHDFND175,000 0 0
PUBLIC STORAGECOM74460D10922,973,21075,322SHDFND75,322 0 0
PURE CYCLE CORPCOM NEW7462283035,235,000500,000SHDFND500,000 0 0
QORVO INCCOM74736K10116,133,635143,270SHDFND143,270 0 0
QUEST DIAGNOSTICS INCCOM74834L10028,703,445208,177SHDFND208,177 0 0
RADIAN GROUP INCCOM75023610116,353,440572,800SHDFND554,450 0 18,350
REYNOLDS CONSUMER PRODS INCCOM76171L1063,012,226104,391SHDFND104,391 0 0
ROYAL GOLD INCCOM78028710814,385,047110,011SHDFND110,011 0 0
SCHNITZER STEEL INDS INCCL A8068821067,505,286233,339SHDFND233,339 0 0
SEACOAST BKG CORP FLACOM NEW81170780117,954,333585,201SHDFND585,201 0 0
SELECT SECTOR SPDR TRFINANCIAL81369Y605205,7855,473SHDFND5,473 0 0
SELECT SECTOR SPDR TRSBI CONS STPLS81369Y308258,0833,583SHDFND3,583 0 0
SELECT SECTOR SPDR TRSBI HEALTHCARE81369Y209276,7152,029SHDFND2,029 0 0
SENSIENT TECHNOLOGIES CORPCOM81725T1009,415,692134,480SHDFND134,480 0 0
SHYFT GROUP INCCOM8256981032,444,000200,000SHDFND200,000 0 0
SILICON MOTION TECHNOLOGY COSPONSORED ADR82706C10820,088,901327,875SHDFND317,375 0 10,500
SIMPSON MFG INCCOM8290731051,865,3689,422SHDFND9,422 0 0
SKYWORKS SOLUTIONS INCCOM83088M1027,690,87768,412SHDFND68,412 0 0
SMITH A O CORPCOM8318652096,175,41674,908SHDFND74,908 0 0
SPECTRUM BRANDS HLDGS INC NECOM84790A10520,380,916245,653SHDFND245,653 0 0
STARBUCKS CORPCOM8552441091,634,57017,025SHDFND17,025 0 0
STERICYCLE INCCOM85891210829,732,630583,545SHDFND583,545 0 0
STEWART INFORMATION SVCS CORCOM86037210112,950,850220,440SHDFND213,440 0 7,000
SUNCOR ENERGY INC NEWCOM8672241071,783,92355,678SHDFND55,678 0 0
SUNOPTA INCCOM8676EP1082,461,500450,000SHDFND450,000 0 0
TE CONNECTIVITY LTDREG SHSH849891047,867,43855,996SHDFND55,996 0 0
TERADATA CORP DELCOM88076W10327,629,851635,023SHDFND635,023 0 0
TEXAS CAP BANCSHARES INCCOM88224Q10754,442,050819,896SHDFND809,296 0 10,600
TEXAS INSTRS INCCOM8825081041,690,6229,918SHDFND9,918 0 0
THERMON GROUP HLDGS INCCOM88362T1037,909,625242,850SHDFND236,600 0 6,250
THOR INDS INCCOM8851601019,926,96983,949SHDFND83,949 0 0
TIPTREE INCCOM88822Q1036,636,000350,000SHDFND350,000 0 0
TOOTSIE ROLL INDS INCCOM8905161073,732,520104,412SHDFND104,412 0 0
TREEHOUSE FOODS INCCOM89469A1047,731,337172,727SHDFND172,727 0 0
TRICO BANCSHARESCOM8960951068,594,000200,000SHDFND200,000 0 0
TWIN DISC INCCOM9014761016,464,000400,000SHDFND400,000 0 0
UGI CORP NEWCOM9026811058,965,470364,450SHDFND338,600 0 25,850
UMH PPTYS INCCOM9030021039,167,488598,400SHDFND561,200 0 37,200
UNILEVER PLCSPON ADR NEW9047677042,788,27957,514SHDFND57,514 0 0
VAIL RESORTS INCCOM91879Q10916,122,32275,525SHDFND75,525 0 0
VIPER ENERGY INCCL A92795910612,552,000400,000SHDFND400,000 0 0
WATSCO INCCOM94262220010,854,00225,332SHDFND25,332 0 0
WELLS FARGO CO NEWCOM9497461011,901,12338,625SHDFND38,625 0 0
WESTROCK COCOM96145D10512,456,000300,000SHDFND300,000 0 0
WISDOMTREE TRINTL SMCAP DIV97717W760699,75210,960SHDFND10,960 0 0