Heartland Investment Growth
Heartland Advisors Expands Equity Holdings in Sysco, PPG, and Other Major Firms
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Key Points
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Sysco's institutional ownership sits broadly high (about 83.41%), with multiple funds expanding positions beyond Heartland's 35,438-share addition to 190,561 shares. Notably, John G Ullman & Associates increased to 69,660 shares (+475) and Assetmark Inc. rose to 171,824 shares (+10,547) in the period.
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PPG Industries attracted further hedge-fund activity in Q1, with Woodline Partners LP boosting its stake by 40.7% to 19,600 shares (+5,667) and Integrated Wealth Concepts LLC increasing by 31.4% to 3,849 shares (+920), contributing to a high level of institutional ownership (about 81.86%).
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onsemi drew AI-focused attention alongside Heartland's increased stake (up 30.6% to 140,942 shares). Major investors also expanding include Pictet Asset Management Holding SA, which boosted its holdings by 38.8% in Q4 to 3,981,981 shares (a large stake in the company).
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The Cooper Companies saw notable hedge-fund activity beyond Heartland, with Root Financial Partners increasing by 104.5% to 317 shares, SJS Investment Consulting up 107.5% to 361 shares, and True Wealth Design up 484.8% to 462 shares, leaving about 24.39% of COO stock in the hands of hedge funds.
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Watsco remains a meaningful growing position for Heartland (up 14.3% to 51,593 shares), comprising about 1.0% of Heartland's holdings and ranking as its 21st biggest holding. Large peers also expanded, including Capital International Investors increasing to 4,642,893 shares (+>2.3 million in Q4).
Heartland Advisors Inc. made a series of aggressive moves in the first quarter, expanding stakes across five companies spanning food distribution, chemicals, semiconductors, medical devices, and HVAC. The biggest jump came in PPG Industries, where the firm boosted its position by 71% to 64,765 shares, worth roughly $6.9 million, according to Watchlist News.
The firm also added to holdings in Sysco, onsemi, The Cooper Companies, and Watsco — a push that signals Heartland's continued confidence in a diversified, value-oriented strategy heading into mid-2025.
PPG and Sysco See Biggest Percentage Gains
Heartland's PPG Industries stake rose 71% in Q1, adding 26,807 shares to reach 64,765 total, valued at about $6.9 million. The move coincided with broader institutional appetite for the specialty chemicals company. Woodline Partners LP raised its stake by 40.7% to 19,600 shares. Integrated Wealth Concepts LLC added 31.4%, reaching 3,849 shares. Overall institutional ownership in PPG sits at about 81.86%, according to Watchlist News.
Sysco saw Heartland add 35,438 shares, pushing its total to 190,561 shares worth about $13.6 million — a 22.8% increase. Institutional ownership in the food distribution giant stands at roughly 83.41%. Other funds also moved in. Assetmark Inc. grew its Sysco position by 10,547 shares to 171,824 shares. John G Ullman & Associates lifted its stake to 69,660 shares.
Onsemi Draws AI Attention as Stakes Climb
Heartland raised its onsemi stake by 30.6% to 140,942 shares, valued at roughly $8.7 million, according to Watchlist News. Onsemi makes power semiconductors used in electric vehicles and AI data centers — two fast-growing markets. The stock has drawn heavy institutional interest as a result.
Pictet Asset Management Holding SA made one of the largest moves, boosting its onsemi holdings by 38.8% in Q4 to nearly 4 million shares — 3,981,981 to be exact. That kind of large-fund accumulation adds weight to the bullish case for the chipmaker heading into the second half of 2025.
Cooper Companies Attracts Smaller Funds in Droves
Heartland grew its Cooper Companies stake by 18.4%, adding 34,431 shares to reach 221,656 shares worth about $15.8 million. COO makes contact lenses and fertility devices — a resilient corner of healthcare. Hedge funds now hold about 24.39% of the company's stock, according to Watchlist News.
Smaller funds piled in alongside Heartland. Root Financial Partners nearly doubled its stake, up 104.5% to 317 shares. SJS Investment Consulting jumped 107.5% to 361 shares. True Wealth Design made the boldest move, surging 484.8% to 462 shares. The trend shows broad, if small-scale, conviction in the name.
Watsco Climbs to Heartland's 21st Largest Holding
Heartland added 6,450 shares of Watsco, lifting its position 14.3% to 51,593 shares worth about $18.8 million. Watsco distributes HVAC equipment — a sector buoyed by strong housing repair demand and energy-efficiency upgrades. The position now makes up roughly 1.0% of Heartland's total portfolio and ranks as the firm's 21st largest holding, according to Watchlist News.
Bigger players are also building positions in Watsco. Capital International Investors added more than 2.3 million shares in Q4, bringing its total to 4,642,893 shares. That scale of buying from a major fund suggests strong long-term conviction in the HVAC distributor's growth story.
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