HEARTLAND ADVISORS INC CASS — CASS INFORMATION SYS INC

Ownership history in HEARTLAND ADVISORS INC  ·  20 quarters on record

AI Ownership Summary

HEARTLAND ADVISORS INC reported CASS INFORMATION SYS INC (CASS) in 20 quarterly 13F filings from 2023 Q4 through 2025 Q4. Peak portfolio weight reached 1.18% in 2025 Q1. The latest visible filing shows CASS at 1.04% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this CASS ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was HEARTLAND ADVISORS INC's position in CASS INFORMATION SYS INC, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

CASS was reported at 1.04% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
1.18% in 2025 Q1

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

CASS stock page HEARTLAND ADVISORS INC fund profile HEARTLAND ADVISORS INC full holdings
How HEARTLAND ADVISORS INC held CASS — position size vs. price
% of Fund (quarterly)    CASS price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 9 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 REDUCED — — — 465,039 -1,545 -0.3% 1.04% $19.3M 2026-02-14 (Est.) $44.70
2025 Q3 REDUCED — — — 466,584 -1,259 -0.3% 0.97% $18.4M 2025-11-07 $38.98
2025 Q2 REDUCED — — — 467,843 -6,083 -1.3% 1.13% $20.3M 2025-08-12 $41.50
2025 Q1 ADDED — — — 473,926 +56,979 +13.7% 1.18% $20.5M 2025-05-07 $40.50
2024 Q4 ADDED — — — 416,947 +43,214 +11.6% 0.93% $17.1M 2025-02-12 $42.61
2024 Q3 REDUCED — — — 373,733 -247 -0.1% 0.81% $15.5M 2024-11-12 $43.82
2024 Q2 ADDED — — — 373,980 +137 +0.0% 0.84% $15.0M 2024-08-08 $37.68
2024 Q1 ADDED — — — 373,843 +20,181 +5.7% 0.94% $18.0M 2024-05-07 $41.99
2023 Q4 ADDED — — — 353,662 +17,135 +5.1% 0.83% $15.9M 2024-02-08 $40.45
11 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding CASS

As of 2026 Q1 — sorted by position size

SPEECE THORSON CAPITAL GROUP INC 3Y 7Y 3.55% LVZ, Inc. 3Y 7Y 0.11% PINNACLE ASSOCIATES LTD 3Y 7Y 0.04% AlphaQuest LLC 0.03% Pinnacle Wealth Management Advisory Group, LLC 3Y 7Y 0.03% Verdence Capital Advisors LLC 3Y 0.02% Y-Intercept (Hong Kong) Ltd 3Y 0.02% BEACON FINANCIAL GROUP 3Y 7Y 0.02% ProShare Advisors LLC 3Y 7Y 0.02% GHP Investment Advisors, Inc. 3Y 7Y 0.02%

FAQ About HEARTLAND ADVISORS INC and CASS

These are the practical questions this page is built to answer before you even open the full history table.

How long has HEARTLAND ADVISORS INC reported owning CASS?

HEARTLAND ADVISORS INC reported CASS across 9 quarterly 13F filings, from 2023 Q4 through 2025 Q4.

What was the largest reported CASS position in HEARTLAND ADVISORS INC's portfolio?

The largest reported portfolio weight for CASS was 1.18% in 2025 Q1.

What is the latest reported CASS position on this page?

The most recent filing on this page is 2025 Q4, when HEARTLAND ADVISORS INC reported 465,039 shares, equal to 1.04% of portfolio, with an estimated market value of $19.3M.

What does the chart on this CASS ownership page compare?

The chart compares HEARTLAND ADVISORS INC's quarterly CASS portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did HEARTLAND ADVISORS INC time their CASS position?

Based on 13F filing dates vs. subsequent CASS price moves, HEARTLAND ADVISORS INC correctly timed 12 out of 19 reported position changes (63%). The annualised alpha on CASS relative to SPY over the holding period was -9.0%.

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