Heartland Advisors released its third-quarter 2025 investor letter for the “Heartland Mid Cap Value Fund,” reporting a 1.63% increase in the portfolio, lagging behind the Russell Midcap® Value Index. The market saw large- and mid-cap growth stocks surge due to optimism about AI and rising electricity demand, overshadowing business model quality and valuation concerns. Lam Research Corporation (NASDAQ:LRCX) was highlighted in the letter, with a one-month return of 10.20% and shares gaining 53.29% over the last 52 weeks. However, the company was not among the 30 most popular stocks among hedge funds. In the third quarter, Lam Research reported revenue of $5.17 billion.

Read more at Yahoo Finance: A Standout Quality Value Holding is Lam Research (LRCX)