Conestoga Capital Advisors, LLC

CIK 1163744 · View on SEC EDGAR ↗

Portfolio value: $4.6B
Positions: 109
As of: June 30, 2026

Portfolio value QoQ: -8.2% 13F does not disclose cash

Top 10 holdings weight: 38.98%
Top 25 holdings weight: 74.66%
Positions above 1%: 30
Effective number of positions: 38.2

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 4.6% Est. buys $220,748,234 · sells $1,265,207,624

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 71.7% still held

New positions: 12
Increased: 14
Decreased: 72
Closed: 17

On this page

Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
Sector breakdown How the portfolio splits across market sectors.
Portfolio Every stock this institution reports holding, from its latest 13F.
High-conviction bets The holdings this manager is most concentrated in.
Biggest new bets Brand-new positions opened in the latest quarter.
Top moves The biggest position increases and decreases this quarter.
Exited positions Positions the manager fully sold out of last quarter.

Performance vs S&P 500

Tracked Q4 2024–Q2 2026

-4.0%

S&P 500 total return (same window)

+28.1%

Excess return

-32.1%

Annualized: -2.7% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 98.1% · Options excluded: 0.0%

Sector breakdown

Industrials

56.4%

Healthcare

16.0%

Technology

8.1%

Materials

4.4%

Real Estate

3.8%

Communications

3.5%

Energy

2.5%

Diversified Consumer Services

1.8%

Consumer Discretionary

0.8%

Consumer products

0.7%

Financial Services

0.6%

Consumer Staples

0.1%

Financials

0.1%

Communication Services

0.0%

Retail

0.0%

Other/Unmapped

1.0%

Full portfolio 109 positions

					Streak
CWST Casella Waste Systems, Inc. - Class A Common Stock	$226,537,047	4.93%	2,336,156	$4,030,001	Down ×1
RBC RBC Bearings Incorporated Common Stock	$210,922,565	4.59%	327,489	$-22,243,739	Down ×6
NOVT Novanta Inc. - Common Shares	$197,602,317	4.30%	1,217,963	$26,364,667	Down ×2
BCPC Balchem Corporation - Common Stock	$183,795,742	4.00%	1,087,871	$-28,255,706	Down ×1
MRCY Mercury Systems Inc - Common Stock	$181,928,075	3.96%	1,487,191	$42,043,605	Down ×4
FSV FirstService Corporation - Common Shares	$172,947,488	3.76%	1,216,997	$-22,341,618	Down ×1
DGII Digi International Inc. - Common Stock	$163,193,057	3.55%	2,177,359	$18,362,998	Down ×1
ROAD Construction Partners, Inc. - Common Stock	$161,403,917	3.51%	1,358,962	$-22,399,897	Down ×6
ESE ESCO Technologies Inc. Common Stock	$156,494,844	3.40%	447,077	$4,053,915	Down ×6
MMSI Merit Medical Systems, Inc. - Common Stock	$137,278,639	2.99%	1,979,790	$-12,128,032	Down ×1
SPXC SPX Technologies, Inc. Common Stock	$134,150,895	2.92%	547,175	$2,679,748	Down ×5
RGEN Repligen Corporation - Common Stock	$133,845,321	2.91%	980,983	$4,504,528	Down ×1
CSW CSW Industrials, Inc. Common Stock	$131,281,608	2.86%	471,727	$-19,446,709	Down ×2
LMAT LeMaitre Vascular, Inc. - Common Stock	$131,226,559	2.85%	1,367,513	$-29,997,130	Down ×1
DSGX The Descartes Systems Group Inc. - Common Stock	$129,122,283	2.81%	1,864,851	$-21,963,776	Down ×6
AAON AAON, Inc. - Common Stock	$128,867,519	2.80%	1,015,825	$23,755,434	Down ×2
STVN Stevanato Group S.p.A. Ordinary Shares	$126,627,561	2.75%	7,007,613	$9,865,989	Down ×1
SITE SiteOne Landscape Supply, Inc. Common Stock	$109,866,321	2.39%	960,286	$-37,446,649	Down ×1
MSA MSA Safety Incorporated Common Stock	$96,817,447	2.11%	554,574	$-12,178,403	Down ×5
HLIO Helios Technologies, Inc. Common Stock	$96,777,751	2.11%	1,084,345	$11,023,700	Down ×6
VCEL Vericel Corporation - Common Stock	$92,709,686	2.02%	2,083,832	$13,464,939	Down ×1
FSS Federal Signal Corporation Common Stock	$92,074,715	2.00%	716,591	$-1,024,796	Down ×6
ULS UL Solutions Inc. Class A Common Stock	$83,461,383	1.82%	819,373	$-6,500,474	Down ×1
SSD Simpson Manufacturing Company, Inc. Common Stock	$78,996,397	1.72%	377,341	$-24,881,976	Down ×6
EXPO Exponent, Inc. - Common Stock	$74,372,741	1.62%	1,265,704	$-50,026,681	Down ×2
QTWO Q2 Holdings, Inc. Common Stock	$67,016,527	1.46%	1,393,275	$-17,305,892	Down ×5
UTI Universal Technical Institute Inc Common Stock	$50,531,044	1.10%	1,181,460	$3,885,332	Down ×1
AGYS Agilysys, Inc. - Common Stock	$49,799,893	1.08%	476,554	$1,158,558	Down ×1
KGS Kodiak Gas Services, Inc. Common Stock	$48,544,874	1.06%	646,145		Up ×1
KAI Kadant Inc Common Stock	$47,217,875	1.03%	150,265	$-14,160,812	Down ×2
LGN Legence Corp. - Class A Common stock	$43,175,643	0.94%	506,578	$19,696,187	Up ×1
TRNS Transcat, Inc. - Common Stock	$41,705,403	0.91%	449,557	$4,060,956	Down ×4
ROL Rollins, Inc. Common Stock	$41,389,008	0.90%	991,591	$-21,525,996	Down ×1
WST West Pharmaceutical Services, Inc. Common Stock	$39,954,546	0.87%	111,294	$7,128,225	Down ×1
KRMN Karman Holdings Inc. Common Stock	$39,860,920	0.87%	798,496	$-1,166,386	Up ×1
KN Knowles Corporation Common Stock	$38,661,393	0.84%	932,049		Up ×1
AORT Artivion, Inc. Common Stock	$36,484,539	0.79%	1,623,700	$-6,558,975	Up ×1
HEIA	$34,752,599	0.76%	134,747	$-4,486,499	Down ×3
NCNO nCino, Inc. - Common Stock	$34,669,603	0.75%	2,120,465	$-6,141,220	Down ×2
WSO Watsco, Inc. Common Stock	$33,744,712	0.73%	80,975	$-10,602,744	Down ×1
BFAM Bright Horizons Family Solutions Inc. Common Stock	$31,541,387	0.69%	444,997	$-74,664,694	Down ×1
WDFC WD-40 Company - Common Stock	$30,747,195	0.67%	126,199	$-8,042,252	Down ×5
NPO Enpro Inc. Common Stock	$29,924,473	0.65%	79,390	$9,784,746	Down ×1
JKHY Jack Henry & Associates, Inc. - Common Stock	$27,663,151	0.60%	200,836	$-11,421,879	Down ×1
GWRE Guidewire Software, Inc. Common Stock	$27,608,975	0.60%	224,372	$-13,496,245	Down ×1
TYL Tyler Technologies, Inc. Common Stock	$27,496,504	0.60%	94,018	$-11,845,697	Down ×1
GGG Graco Inc. Common Stock	$26,436,583	0.58%	349,644	$-19,328,678	Down ×1
MTDR Matador Resources Company Common Stock	$25,088,622	0.55%	503,990		Up ×1
MGY Magnolia Oil & Gas Corporation Class A Common Stock	$23,932,776	0.52%	935,605		Up ×1
JBTM JBT Marel Corporation Common Stock	$23,165,200	0.50%	159,760	$-1,694,646	Down ×1
WK Workiva Inc. Class A Common Stock	$22,675,126	0.49%	467,432	$-22,318,869	Down ×2
MIR Mirion Technologies, Inc. Class A Common Stock	$22,377,734	0.49%	1,248,061	$-11,660,909	Down ×2
TECH Bio-Techne Corp - Common Stock	$21,041,689	0.46%	297,830	$-2,549,311	Down ×1
POOL Pool Corporation - Common Stock	$19,347,877	0.42%	90,032	$-11,532,537	Down ×1
PRM Perimeter Solutions, SA Common Stock	$19,107,152	0.42%	535,965		Up ×1
LCII LCI Industries	$18,184,149	0.40%	171,743	$-6,928,121	Down ×1
PCOR Procore Technologies, Inc. Common Stock	$13,865,150	0.30%	341,338	$-9,349,411	Down ×1
CACI CACI International, Inc. Class A Common Stock	$13,411,377	0.29%	28,950	$-1,322,061	Up ×1
EVI	$9,877,710	0.21%	668,316	$-4,566,898	Down ×2
PR Permian Resources Corporation Class A Common Stock	$9,044,189	0.20%	491,265		Up ×1
FPS Forgent Power Solutions, Inc. Class A Common Stock	$8,317,275	0.18%	148,895		Up ×1
DTM DT Midstream, Inc. Common Stock	$7,316,456	0.16%	49,860		Up ×1
TWST Twist Bioscience Corporation - Common Stock	$4,427,955	0.10%	43,040	$1,729,532	Down ×1
MAMA Mama's Creations, Inc. - Common Stock	$4,072,656	0.09%	228,160	$1,224,018	Up ×1
ELVA Electrovaya Inc. - Common Shares	$3,445,050	0.07%	328,100	$1,385,888	Up ×1
BLFS BioLife Solutions, Inc. - Common Stock	$3,435,452	0.07%	121,652	$1,671,086	Up ×4
PLMR Palomar Holdings, Inc. - Common stock	$3,281,084	0.07%	25,960	$815,202	Up ×1
GHM Graham Corporation Common Stock	$2,629,300	0.06%	21,240	$945,147	Down ×1
CYRX CryoPort, Inc. - Common Stock	$2,491,182	0.05%	158,674	$1,167,508	Down ×1
COCO The Vita Coco Company, Inc. - Common Stock	$2,443,873	0.05%	36,950	$1,022,144	Up ×1
WLDN Willdan Group, Inc. - Common Stock	$2,183,714	0.05%	27,607	$371,768	Up ×2
HLMN Hillman Solutions Corp. - Common Stock	$2,059,951	0.04%	244,070	$7,116	Down ×2
IRMD iRadimed Corporation - Common Stock	$2,014,883	0.04%	21,085	$-27,273	Down ×1
MEG Montrose Environmental Group, Inc. Common Stock	$1,951,377	0.04%	96,555	$123,234	Up ×3
BWMN Bowman Consulting Group Ltd. - Common Stock	$1,935,960	0.04%	66,300	$43,847	Down ×1
PKE Park Aerospace Corp. Common Stock	$1,888,348	0.04%	49,485		Up ×1
TKNO Alpha Teknova, Inc. - Common Stock	$1,786,667	0.04%	314,554	$870,294	Down ×1
CLMB Climb Global Solutions, Inc. - Common Stock	$1,672,745	0.04%	72,070	$238,768	Down ×1
ODD ODDITY Tech Ltd. - Class A Ordinary Shares	$1,476,991	0.03%	97,620	$170,835
TCYSF	$1,471,212	0.03%	66,305	$155,153	Down ×1
NPKI NPK International Inc. Common Stock	$1,413,206	0.03%	88,825		Up ×1
KIDS OrthoPediatrics Corp. - Common Stock	$1,234,555	0.03%	64,535	$210,385
GOOGL Alphabet Inc. - Class A Common Stock	$1,041,734	0.02%	2,915	$199,183	Down ×1
MSFT Microsoft Corporation - Common Stock	$879,954	0.02%	2,359	$6,723
COST Costco Wholesale Corporation - Common Stock	$874,664	0.02%	935	$-56,998
FAST Fastenal Company - Common Stock	$798,739	0.02%	16,630	$8,083	Down ×1
GOOG Alphabet Inc. - Class C Capital Stock	$759,659	0.02%	2,150	$138,607	Down ×1
SPGI S&P Global Inc. Common Stock	$619,443	0.01%	1,521	$-27,499
BRKB	$605,472	0.01%	1,210	$23,244	Down ×1
LIN Linde plc - Ordinary Shares	$542,292	0.01%	1,045	$14,308	Down ×1
MA Mastercard Incorporated Common Stock	$511,032	0.01%	995	$13,870
VRSK Verisk Analytics, Inc. - Common Stock	$484,911	0.01%	2,701	$-144,300	Down ×3
JNJ Johnson & Johnson Common Stock	$472,384	0.01%	1,860	$17,726
AAPL Apple Inc. - Common Stock	$377,615	0.01%	1,305	$38,805	Down ×1
FTNT Fortinet, Inc. - Common Stock	$359,471	0.01%	2,340	$92,001	Down ×3
WCN Waste Connections, Inc. Common Shares	$355,050	0.01%	2,130	$-148,839	Down ×3
XOM Exxon Mobil Corporation Common Stock	$306,800	0.01%	2,244	$-12,839	Up ×1
NVDA NVIDIA Corporation - Common Stock	$306,138	0.01%	1,530	$39,306
MKL Markel Group Inc. Common Stock	$283,186	0.01%	145	$5,646
IDXX IDEXX Laboratories, Inc. - Common Stock	$273,749	0.01%	520	$-170,144	Down ×3
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
BLFS	$3,435,452	0.07%	up ×4
MEG	$1,951,377	0.04%	up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
KGS	$48,544,874	646,145	1.06%
KN	$38,661,393	932,049	0.84%
MTDR	$25,088,622	503,990	0.55%
MGY	$23,932,776	935,605	0.52%
PRM	$19,107,152	535,965	0.42%
PR	$9,044,189	491,265	0.20%
FPS	$8,317,275	148,895	0.18%
DTM	$7,316,456	49,860	0.16%
PKE	$1,888,348	49,485	0.04%
NPKI	$1,413,206	88,825	0.03%
AXON	$221,441	395	0.00%
SJM	$200,250	1,780	0.00%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
BFAM	Trimmed	-848K	-$74.7M
EXPO	Trimmed	-641K	-$50.0M
MRCY	Trimmed	-431K	+$42.0M
SITE	Trimmed	-146K	-$37.4M
LMAT	Trimmed	-109K	-$30.0M
BCPC	Trimmed	-163K	-$28.3M
NOVT	Trimmed	-232K	+$26.4M
SSD	Trimmed	-228K	-$24.9M
AAON	Trimmed	-254K	+$23.8M
ROAD	Trimmed	-295K	-$22.4M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
ALTR	March 31, 2025	1,112,548	$121,390,112	No longer tracked
TREX	Dec. 31, 2025	1,894,949	$97,912,015	34.8%
NEOG	June 30, 2025	8,540,859	$74,049,248	148.3%
BL	June 30, 2026	1,685,484	$62,362,908	11.5%
AZTA	June 30, 2026	2,844,546	$60,105,257	42.1%
VERX	March 31, 2026	2,506,653	$50,057,860	10.8%
CCC	June 30, 2026	5,240,492	$31,442,952	43.4%
PYCR	June 30, 2025	1,319,976	$29,620,261	No longer tracked
MLAB	Dec. 31, 2025	426,457	$28,576,892	52.6%
SLP	Sept. 30, 2025	1,282,143	$22,373,387	22.1%
PCTY	March 31, 2026	141,220	$21,536,050	40.1%
BMI	June 30, 2026	122,658	$18,686,946	-13.4%
CWAN	June 30, 2026	633,523	$14,982,819	No longer tracked
CXT	June 30, 2026	363,898	$14,770,634	-1.7%
PHR	March 31, 2026	111,270	$1,882,688	41.8%
IIIV	March 31, 2026	72,902	$1,836,401	-25.8%
OLO	Sept. 30, 2025	198,105	$1,763,134	No longer tracked
NVEE	Sept. 30, 2025	73,872	$1,705,704	No longer tracked
ERII	June 30, 2026	133,725	$1,346,611	-12.9%
NABL	June 30, 2026	252,775	$1,180,459	-8.4%
USPH	June 30, 2026	15,275	$1,145,014	13.4%
TIC	March 31, 2026	108,821	$1,100,180	44.4%
ANSS	Sept. 30, 2025	2,176	$764,255	No longer tracked
PL	June 30, 2026	18,747	$523,979	-32.0%
THBRF	Dec. 31, 2025	437,020	$471,130	No longer tracked
SPSC	June 30, 2026	8,270	$460,391	38.1%
SSTI	March 31, 2026	53,738	$431,516	-7.6%
FDS	Sept. 30, 2025	922	$412,392	4.1%
MTD	June 30, 2025	343	$405,052	18.5%
SNPS	Dec. 31, 2025	698	$344,386	-15.2%
CSGP	June 30, 2026	7,859	$317,032	13.1%
IT	March 31, 2026	1,248	$314,845	21.9%
FICO	March 31, 2026	178	$300,930	9.2%
GRMN	Dec. 31, 2025	1,220	$300,388	44.9%
TSCO	June 30, 2026	6,375	$288,787	10.4%
ALGN	March 31, 2025	1,294	$269,812	0.0%
CPRT	June 30, 2026	7,698	$255,574	21.7%
NET	March 31, 2026	1,160	$228,694	33.5%
STE	June 30, 2026	1,024	$226,437	12.3%
AXON	March 31, 2026	395	$224,332	43.4%
SJM	June 30, 2025	1,845	$218,466	25.0%
VEEV	June 30, 2026	1,242	$218,170	39.6%
BSY	March 31, 2026	5,375	$205,137	2.3%
ODFL	March 31, 2026	1,300	$203,840	6.3%
NVDA	March 31, 2025	1,500	$201,435	100.1%
SJM	Dec. 31, 2025	1,845	$200,367	25.5%
PGX	June 30, 2026	11,350	$123,488	No longer tracked