Conestoga Capital Advisors, LLC
Sector Allocation
- Technology30.4%$1.4B
- Industrials25.8%$1.2B
- Healthcare23.2%$1.1B
- Utilities4.9%$226.9M
- Consumer Discretionary4.9%$223.6M
- Materials4.2%$192.5M
- Real Estate3.8%$172.9M
- Energy2.5%$114.2M
- Consumer Staples0.2%$9.1M
- Financials0.1%$5.3M
AUM History
13fpro.ai/research/fund/conestoga-capital-advisors-llc-1163744
Conviction and streaks
Concentrating · top 10 = 39.0%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
CWST
$226.5MRBC
$210.9MNOVT
$197.6MBCPC
$183.8MMRCY
$181.9MFSV
$172.9MDGII
$163.2MROAD
$161.4MESE
$156.5MMMSI
$137.3MSPXC
$134.2MRGEN
$133.8MCSW
$131.3MLMAT
$131.2MDSGX
$129.1MAAON
$128.9MSTVN
$126.6MSITE
$109.9MMSA
$96.8MHLIO
$96.8M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/conestoga-capital-advisors-llc-1163744
Conestoga Capital Advisors, LLC 13F holdings — Q2 2026
$4.6B portfolio (-8.2% QoQ) · 109 holdings · Q2 2026 13F · top 10 are 39% of the stock portfolio
$226.5M
4.9% of stocks
-17%This quarter+7.6%Since filed10+ qtrsHeld$210.9M
4.6% of stocks
-24%This quarter-19.7%Since filed10+ qtrsHeldAIQuality66.1#430Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 6 qtrs in a row$197.6M
4.3% of stocks
-16%This quarter+1.8%Since filed10+ qtrsHeld$183.8M
4.0% of stocks
-13%This quarter—Since filed10+ qtrsHeld$181.9M
4.0% of stocks
-22%This quarter-22.8%Since filed10+ qtrsHeldAIQuality47.7#1,780Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$172.9M
3.8% of stocks
-13%This quarter+4.9%Since filed10+ qtrsHeld$163.2M
3.5% of stocks
-28%This quarter+13.9%Since filed10+ qtrsHeld$161.4M
3.5% of stocks
-18%This quarter-20.1%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 6 qtrs in a row$156.5M
3.4% of stocks
-17%This quarter-28.1%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 5 qtrs in a row$137.3M
3.0% of stocks
-9%This quarter+26.8%Since filed10+ qtrsHeld
All holdings — Conestoga Capital Advisors, LLC (Q2 2026)
109 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | SPX Technologies, Inc. | Industrials | $134.2M | 2.9% | 547K | -17% | 9 qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | REPLIGEN CORP | Healthcare | $133.8M | 2.9% | 981K | -11% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | CSW INDUSTRIALS, INC. | Materials | $131.3M | 2.9% | 472K | -18% | 10+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | LEMAITRE VASCULAR INC | Healthcare | $131.2M | 2.9% | 1.37M | -7% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | DESCARTES SYSTEMS GROUP INC | Technology | $129.1M | 2.8% | 1.86M | -12% | 10+ qtrsTrimmed 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | AAON, INC. | Industrials | $128.9M | 2.8% | 1.02M | -20% | 10+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Stevanato Group S.p.A. | Healthcare | $126.6M | 2.8% | 7.01M | -17% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | SiteOne Landscape Supply, Inc. | Consumer Discretionary | $109.9M | 2.4% | 960K | -13% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | MSA Safety Inc | Healthcare | $96.8M | 2.1% | 555K | -17% | 10+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | HELIOS TECHNOLOGIES, INC. | Industrials | $96.8M | 2.1% | 1.08M | -18% | 10+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Vericel Corp | Healthcare | $92.7M | 2.0% | 2.08M | -15% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | FEDERAL SIGNAL CORP /DE/ | Industrials | $92.1M | 2.0% | 717K | -17% | 10+ qtrsTrimmed 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | UL Solutions Inc. | Technology | $83.5M | 1.8% | 819K | -22% | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Simpson Manufacturing Co., Inc. | Industrials | $79.0M | 1.7% | 377K | -38% | 10+ qtrsTrimmed 7 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | EXPONENT INC | Technology | $74.4M | 1.6% | 1.27M | -34% | 10+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $QTWO | Q2 Holdings, Inc. | Technology | $67.0M | 1.5% | 1.39M | -22% | |||
| 27 | $UTI | UNIVERSAL TECHNICAL INSTITUTE INC | Consumer Discretionary | $50.5M | 1.1% | 1.18M | -9% | |||
| 28 | $AGYS | AGILYSYS INC | Technology | $49.8M | 1.1% | 477K | -30% | |||
| 29 | $KGS | Kodiak Gas Services, Inc. | Energy | $48.5M | 1.1% | 646K | New | |||
| 30 | $KAI | KADANT INC | Industrials | $47.2M | 1.0% | 150K | -28% | |||
| 31 | $LGN | Legence Corp. | Industrials | $43.2M | 0.9% | 507K | +22% | |||
| 32 | $TRNS | TRANSCAT INC | Technology | $41.7M | 0.9% | 450K | -12% | |||
| 33 | $ROL | ROLLINS INC | Industrials | $41.4M | 0.9% | 992K | -16% | |||
| 34 | $WST | WEST PHARMACEUTICAL SERVICES INC | Healthcare | $40.0M | 0.9% | 111K | -15% | |||
| 35 | $KRMN | Karman Holdings Inc. | Industrials | $39.9M | 0.9% | 798K | +56% | |||
| 36 | $KN | Knowles Corp | Technology | $38.7M | 0.8% | 932K | New | |||
| 37 | $AORT | ARTIVION, INC. | Healthcare | $36.5M | 0.8% | 1.62M | +38% | |||
| 38 | $HEI.A | HEICO CORP | Industrials | $34.8M | 0.8% | 135K | -28% | |||
| 39 | $NCNO | nCino, Inc. | Technology | $34.7M | 0.8% | 2.12M | -22% | |||
| 40 | $WSO | WATSCO INC | Consumer Discretionary | $33.7M | 0.7% | 81K | -34% | |||
| 41 | $BFAM | BRIGHT HORIZONS FAMILY SOLUTIONS INC. | Healthcare | $31.5M | 0.7% | 445K | -66% | |||
| 42 | $WDFC | WD 40 CO | Materials | $30.7M | 0.7% | 126K | -34% | |||
| 43 | $NPO | Enpro Inc. | Materials | $29.9M | 0.7% | 79K | -1% | |||
| 44 | $JKHY | JACK HENRY & ASSOCIATES INC | Technology | $27.7M | 0.6% | 201K | -19% | |||
| 45 | $GWRE | Guidewire Software, Inc. | Technology | $27.6M | 0.6% | 224K | -18% | |||
| 46 | $TYL | TYLER TECHNOLOGIES INC | Technology | $27.5M | 0.6% | 94K | -18% | |||
| 47 | $GGG | GRACO INC | Industrials | $26.4M | 0.6% | 350K | -35% | |||
| 48 | $MTDR | Matador Resources Co | Energy | $25.1M | 0.6% | 504K | New | |||
| 49 | $MGY | Magnolia Oil & Gas Corp | Energy | $23.9M | 0.5% | 936K | New | |||
| 50 | $JBTM | JBT MAREL Corp | Industrials | $23.2M | 0.5% | 160K | -18% | |||
| 51 | $WK | WORKIVA INC | Technology | $22.7M | 0.5% | 467K | -38% | |||
| 52 | $MIR | Mirion Technologies, Inc. | Technology | $22.4M | 0.5% | 1.25M | -32% | |||
| 53 | $TECH | BIO-TECHNE Corp | Healthcare | $21.0M | 0.5% | 298K | -34% | |||
| 54 | $POOL | POOL CORP | Consumer Discretionary | $19.3M | 0.4% | 90K | -41% | |||
| 55 | $PRM | Perimeter Solutions, Inc. | Healthcare | $19.1M | 0.4% | 536K | New | |||
| 56 | $LCII | LCI INDUSTRIES | Industrials | $18.2M | 0.4% | 172K | -16% | |||
| 57 | $PCOR | PROCORE TECHNOLOGIES, INC. | Technology | $13.9M | 0.3% | 341K | -16% | |||
| 58 | $CACI | CACI INTERNATIONAL INC /DE/ | Technology | $13.4M | 0.3% | 29K | +7% | |||
| 59 | $EVI | EVI INDUSTRIES, INC. | Consumer Discretionary | $9.9M | 0.2% | 668K | -5% | |||
| 60 | $PR | Permian Resources Corp | Energy | $9.0M | 0.2% | 491K | New | |||
| 61 | $FPS | Forgent Power Solutions, Inc. | Technology | $8.3M | 0.2% | 149K | New | |||
| 62 | $DTM | DT Midstream, Inc. | Energy | $7.3M | 0.2% | 50K | New | |||
| 63 | $TWST | Twist Bioscience Corp | Healthcare | $4.4M | 0.1% | 43K | -24% | |||
| 64 | $MAMA | Mama's Creations, Inc. | Consumer Staples | $4.1M | 0.1% | 228K | +23% | |||
| 65 | $ELVA | Electrovaya Inc. | Technology | $3.4M | 0.1% | 328K | +25% | |||
| 66 | $BLFS | BIOLIFE SOLUTIONS INC | Healthcare | $3.4M | 0.1% | 122K | +32% | |||
| 67 | $PLMR | Palomar Holdings, Inc. | Financials | $3.3M | 0.1% | 26K | +26% | |||
| 68 | $GHM | GRAHAM CORP | Industrials | $2.6M | 0.1% | 21K | -0.5% | |||
| 69 | $CYRX | Cryoport, Inc. | Healthcare | $2.5M | 0.1% | 159K | -0.7% | |||
| 70 | $COCO | Vita Coco Company, Inc. | Consumer Staples | $2.4M | 0.1% | 37K | +25% | |||
| 71 | $WLDN | Willdan Group, Inc. | Technology | $2.2M | 0.1% | 28K | +17% | |||
| 72 | $HLMN | Hillman Solutions Corp. | Industrials | $2.1M | 0.0% | 244K | -1% | |||
| 73 | $IRMD | IRADIMED CORP | Healthcare | $2.0M | 0.0% | 21K | -0.6% | |||
| 74 | — | ONTERRIS INC - COM | — | $2.0M | 0.0% | 97K | +16% | |||
| 75 | $BWMN | Bowman Consulting Group Ltd. | Technology | $1.9M | 0.0% | 66K | -0.3% | |||
| 76 | $PKE | PARK AEROSPACE CORP | Industrials | $1.9M | 0.0% | 49K | New | |||
| 77 | $TKNO | Alpha Teknova, Inc. | Healthcare | $1.8M | 0.0% | 315K | -0.8% | |||
| 78 | $CLMB | Climb Global Solutions, Inc. | Technology | $1.7M | 0.0% | 72K | -0.4% | |||
| 79 | $ODD | Oddity Tech Ltd | Consumer Staples | $1.5M | 0.0% | 98K | — | |||
| 80 | — | TECSYS INC COM - COM | — | $1.5M | 0.0% | 66K | -0.8% | |||
| 81 | $NPKI | NPK International Inc. | Industrials | $1.4M | 0.0% | 89K | New | |||
| 82 | $KIDS | ORTHOPEDIATRICS CORP | Healthcare | $1.2M | 0.0% | 65K | — | |||
| 83 | $GOOGL | Alphabet Inc. | Technology | $1.0M | 0.0% | 2,915 | -0.5% | |||
| 84 | $MSFT | MICROSOFT CORP | Technology | $880K | 0.0% | 2,359 | — | |||
| 85 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $875K | 0.0% | 935 | — | |||
| 86 | $FAST | FASTENAL CO | Industrials | $799K | 0.0% | 17K | -2% | |||
| 87 | $GOOG | Alphabet Inc. | Technology | $760K | 0.0% | 2,150 | -0.7% | |||
| 88 | $SPGI | S&P Global Inc. | Financials | $619K | 0.0% | 1,521 | — | |||
| 89 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $605K | 0.0% | 1,210 | -0.4% | |||
| 90 | $LIN | LINDE PLC | Materials | $542K | 0.0% | 1,045 | -2% | |||
| 91 | $MA | Mastercard Inc | Financials | $511K | 0.0% | 995 | — | |||
| 92 | $VRSK | Verisk Analytics, Inc. | Technology | $485K | 0.0% | 2,701 | -19% | |||
| 93 | $JNJ | JOHNSON & JOHNSON | Healthcare | $472K | 0.0% | 1,860 | — | |||
| 94 | $AAPL | Apple Inc. | Technology | $378K | 0.0% | 1,305 | -2% | |||
| 95 | $FTNT | Fortinet, Inc. | Technology | $359K | 0.0% | 2,340 | -29% | |||
| 96 | $WCN | Waste Connections, Inc. | Utilities | $355K | 0.0% | 2,130 | -31% | |||
| 97 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $307K | 0.0% | 2,244 | +19% | |||
| 98 | $NVDA | NVIDIA CORP | Technology | $306K | 0.0% | 1,530 | — | |||
| 99 | $MKL | MARKEL GROUP INC. | Financials | $283K | 0.0% | 145 | — | |||
| 100 | $IDXX | IDEXX LABORATORIES INC /DE | Healthcare | $274K | 0.0% | 520 | -34% | |||
| 101 | $XYL | Xylem Inc. | Industrials | $247K | 0.0% | 2,090 | -23% | |||
| 102 | $ITW | ILLINOIS TOOL WORKS INC | Industrials | $246K | 0.0% | 910 | — | |||
| 103 | $DHR | DANAHER CORP /DE/ | Healthcare | $236K | 0.0% | 1,240 | +6% | |||
| 104 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $229K | 0.0% | 650 | — | |||
| 105 | $GNRC | GENERAC HOLDINGS INC. | Technology | $224K | 0.0% | 765 | -41% | |||
| 106 | $INTU | INTUIT INC. | Technology | $223K | 0.0% | 855 | +8% | |||
| 107 | $AXON | AXON ENTERPRISE, INC. | Industrials | $221K | 0.0% | 395 | New | |||
| 108 | $ROP | ROPER TECHNOLOGIES INC | Technology | $208K | 0.0% | 615 | -30% | |||
| 109 | $SJM | J M SMUCKER Co | Consumer Staples | $200K | 0.0% | 1,780 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 12 new, 14 added to, 72 trimmed, 17 sold out. Share-count changes; largest moves by dollar size first.
New positions (12)
$KGSKodiak Gas Services, Inc.$48.5M
first bought this quarter
$KNKnowles Corp$38.7M
first bought this quarter
$MTDRMatador Resources Co$25.1M
first bought this quarter
$MGYMagnolia Oil & Gas Corp$23.9M
first bought this quarter
$PRMPerimeter Solutions, Inc.$19.1M
first bought this quarter
$PRPermian Resources Corp$9.0M
first bought this quarter
+6 more in the Excel export
Added to (14)
$KRMNKarman Holdings Inc.+56%
now $39.9M · held 3 qtrs
$AORTARTIVION, INC.+38%
now $36.5M · held 2 qtrs, 2 adds in a row
$LGNLegence Corp.+22%
now $43.2M · held 2 qtrs, 2 adds in a row
$CACICACI INTERNATIONAL INC /DE/+7%
now $13.4M · held 2 qtrs, 2 adds in a row
$BLFSBIOLIFE SOLUTIONS INC+32%
now $3.4M · held 10+ qtrs, 4 adds in a row
$MAMAMama's Creations, Inc.+23%
now $4.1M · held 8 qtrs
+8 more in the Excel export
Trimmed (72)
now $210.9M · held 10+ qtrs, 6 trims in a row
now $163.2M · held 10+ qtrs
$BFAMBRIGHT HORIZONS FAMILY SOLUTIONS INC.-66%
now $31.5M · held 10+ qtrs
now $181.9M · held 10+ qtrs, 4 trims in a row
$SSDSimpson Manufacturing Co., Inc.-38%
now $79.0M · held 10+ qtrs, 7 trims in a row
now $226.5M · held 10+ qtrs
+66 more in the Excel export
Sold out (17)
$BLBLACKLINE, INC.was $62.4M
held 9+ qtrs
$AZTAAzenta, Inc.was $60.1M
held 9+ qtrs
$CCCCCC Intelligent Solutions Holdings Inc.was $31.4M
held 9+ qtrs
$BMIBADGER METER INCwas $18.7M
held 2 qtrs
$CWANClearwater Analytics Holdings, Inc.was $15.0M
held 9+ qtrs
$CXTCrane NXT, Co.was $14.8M
+11 more in the Excel export
Holdings by quarter
Every 13F Conestoga Capital Advisors, LLC has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow Conestoga Capital Advisors?
Q2 2026 13F filed with the SEC on Jul 24, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Conestoga Capital Advisors's top 20 holdings: 61/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-4.4%
Value-weighted move of the 10 largest stock positions
Turnover
5%
Last quarter; 16% over the last 4
Top 10 weight
39%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
92%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Conestoga Capital Advisors, LLC disclosed 109 positions worth $4.6B in its Form 13F-HR for Q2 2026, led by $CWST (CASELLA WASTE SYSTEMS INC) at 4.9% of the equity portfolio, followed by $RBC and $NOVT. During the quarter the fund opened 12 new positions and exited 17 — including a new stake in $KGS and a full exit from $BL. The portfolio is most concentrated in Technology (30.4% of disclosed assets). All figures are sourced directly from Conestoga Capital Advisors, LLC’s Form 13F-HR filing with the SEC under CIK 1163744.
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AI-Powered Hedge Fund Analysis: Conestoga Capital Advisors, LLC
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