Heartland Opportunistic Value Equity Strategy: Alphabet (GOOGL) is a Winner — Not A Laggard

Core Insights - Heartland Advisors reported a 4.65% return for its "Heartland Opportunistic Value Equity Strategy" in Q3 2025, underperforming the Russell 3000 Value Index which returned 5.63% [1] - The ongoing optimism surrounding the AI boom and increased electricity demand has driven large- and mid-cap growth stocks to new highs, irrespective of their business model quality or valuation [1] Company Highlights - Alphabet Inc. (NASDAQ:GOOGL) was highlighted as a key stock in the Heartland Opportunistic Value Equity Strategy, achieving a one-month return of 13.46% and an impressive 83.78% increase over the past 52 weeks [2] - As of December 01, 2025, Alphabet Inc. closed at $314.89 per share, with a market capitalization of $3.814 trillion [2] - The strategy noted that Alphabet Inc. has been trading at a significant discount to the broader market on a debt-adjusted basis since the position was initiated during the COVID-19 pandemic, with additional shares purchased in 2022 and April 2025 when the stock was deemed undervalued [3]