Heartland Mid Cap Value Fund: A Standout Quality Value Holding is Lam Research (LRCX)

Core Insights - Heartland Mid Cap Value Fund's portfolio increased by 1.63% in Q3 2025, underperforming the Russell Midcap® Value Index, which gained 6.18% [1] - Stock selection was identified as the main factor contributing to the fund's underperformance, as the market favored large- and mid-cap growth stocks driven by optimism around AI and rising electricity demand [1] - The focus on valuations during this period was noted to be potentially detrimental to performance [1] Company Highlights - Lam Research Corporation (NASDAQ:LRCX) was highlighted as a significant holding in the Heartland Mid Cap Value Fund, with a one-month return of 10.20% and a 52-week gain of 53.29% [2] - As of October 10, 2025, Lam Research's stock closed at $131.37 per share, with a market capitalization of $165.662 billion [2] - Lam Research is recognized as a leading supplier of semiconductor capital equipment, crucial for producing advanced integrated circuits in the chip industry [3]