What Makes MarketAxess Holdings (MKTX) an Attractive Investment?

Core Viewpoint - Heartland Mid Cap Value Fund's fourth-quarter 2025 performance was negatively impacted by the underperformance of high-quality value stocks, while speculative and low-quality stocks gained attention, leading to widening valuation gaps [1]. Group 1: Fund Performance - The Fund's portfolio experienced a loss of 1.92% in the fourth quarter, compared to a 1.42% return from the Russell Midcap® Value Index [1]. - The underperformance of Quality Value holdings significantly affected the overall strategy performance during the quarter [1]. Group 2: MarketAxess Holdings Inc. - Heartland Mid Cap Value Fund initiated a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX), which operates the largest electronic trading platform for corporate bonds in the U.S. [3]. - As of January 12, 2026, MarketAxess Holdings Inc. stock closed at $170.10 per share, with a one-month return of -5.22% and a 52-week loss of 21.48% [2]. - MarketAxess Holdings Inc. has a market capitalization of $6.356 billion [2].