# Conestoga Capital Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1163744. Source: https://holderbook.com/funds/1163744-conestoga-capital-advisors-llc/

- Reported value: $4.6B
- Positions: 109
- Weight of the ten largest: 39.0%
- Filed: 2026-07-24

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CASELLA WASTE SYS INC | [CWST](https://holderbook.com/stocks/CWST/) | $226.5M | 2,336,156 | 4.9% | 28 |
| RBC BEARINGS INC | [RBC](https://holderbook.com/stocks/RBC/) | $210.9M | 327,489 | 4.6% | 29 |
| NOVANTA INC | [NOVT](https://holderbook.com/stocks/NOVT/) | $197.6M | 1,217,963 | 4.3% | 31 |
| BALCHEM CORP | [BCPC](https://holderbook.com/stocks/BCPC/) | $183.8M | 1,087,871 | 4.0% | 31 |
| MERCURY SYS INC | [MRCY](https://holderbook.com/stocks/MRCY/) | $181.9M | 1,487,191 | 4.0% | 31 |
| FIRSTSERVICE CORP NEW | [FSV](https://holderbook.com/stocks/FSV/) | $172.9M | 1,216,997 | 3.8% | 29 |
| DIGI INTL INC | [DGII](https://holderbook.com/stocks/DGII/) | $163.2M | 2,177,359 | 3.5% | 26 |
| CONSTRUCTION PARTNERS INC | [ROAD](https://holderbook.com/stocks/ROAD/) | $161.4M | 1,358,962 | 3.5% | 30 |
| ESCO TECHNOLOGIES INC | [ESE](https://holderbook.com/stocks/ESE/) | $156.5M | 447,077 | 3.4% | 31 |
| MERIT MED SYS INC | [MMSI](https://holderbook.com/stocks/MMSI/) | $137.3M | 1,979,790 | 3.0% | 29 |
| SPX TECHNOLOGIES INC | [SPXC](https://holderbook.com/stocks/SPXC/) | $134.2M | 547,175 | 2.9% | 9 |
| REPLIGEN CORP | [RGEN](https://holderbook.com/stocks/RGEN/) | $133.8M | 980,983 | 2.9% | 31 |
| CSW INDUSTRIALS INC | [CSW](https://holderbook.com/stocks/CSW/) | $131.3M | 471,727 | 2.9% | 12 |
| LEMAITRE VASCULAR INC | [LMAT](https://holderbook.com/stocks/LMAT/) | $131.2M | 1,367,513 | 2.9% | 31 |
| DESCARTES SYS GROUP INC | [DSGX](https://holderbook.com/stocks/DSGX/) | $129.1M | 1,864,851 | 2.8% | 31 |
| AAON INC | [AAON](https://holderbook.com/stocks/AAON/) | $128.9M | 1,015,825 | 2.8% | 31 |
| STEVANATO GROUP S P A | [STVN](https://holderbook.com/stocks/STVN/) | $126.6M | 7,007,613 | 2.8% | 17 |
| SITEONE LANDSCAPE SUPPLY INC | [SITE](https://holderbook.com/stocks/SITE/) | $109.9M | 960,286 | 2.4% | 31 |
| MSA SAFETY INC | [MSA](https://holderbook.com/stocks/MSA/) | $96.8M | 554,574 | 2.1% | 11 |
| HELIOS TECHNOLOGIES INC | [HLIO](https://holderbook.com/stocks/HLIO/) | $96.8M | 1,084,345 | 2.1% | 29 |
| VERICEL CORP | [VCEL](https://holderbook.com/stocks/VCEL/) | $92.7M | 2,083,832 | 2.0% | 28 |
| FEDERAL SIGNAL CORP | [FSS](https://holderbook.com/stocks/FSS/) | $92.1M | 716,591 | 2.0% | 13 |
| UL SOLUTIONS INC | [ULS](https://holderbook.com/stocks/ULS/) | $83.5M | 819,373 | 1.8% | 9 |
| SIMPSON MFG INC | [SSD](https://holderbook.com/stocks/SSD/) | $79.0M | 377,341 | 1.7% | 31 |
| EXPONENT INC | [EXPO](https://holderbook.com/stocks/EXPO/) | $74.4M | 1,265,704 | 1.6% | 31 |
| Q2 HLDGS INC | [QTWO](https://holderbook.com/stocks/QTWO/) | $67.0M | 1,393,275 | 1.5% | 25 |
| UNIVERSAL TECHNICAL INST INC | [UTI](https://holderbook.com/stocks/UTI/) | $50.5M | 1,181,460 | 1.1% | 9 |
| AGILYSYS INC | [AGYS](https://holderbook.com/stocks/AGYS/) | $49.8M | 476,554 | 1.1% | 9 |
| KODIAK GAS SVCS INC | [KGS](https://holderbook.com/stocks/KGS/) | $48.5M | 646,145 | 1.1% | 1 |
| KADANT INC | [KAI](https://holderbook.com/stocks/KAI/) | $47.2M | 150,265 | 1.0% | 7 |
| LEGENCE CORP | [LGN](https://holderbook.com/stocks/LGN/) | $43.2M | 506,578 | 0.9% | 2 |
| TRANSCAT INC | [TRNS](https://holderbook.com/stocks/TRNS/) | $41.7M | 449,557 | 0.9% | 25 |
| ROLLINS INC | [ROL](https://holderbook.com/stocks/ROL/) | $41.4M | 991,591 | 0.9% | 31 |
| WEST PHARMACEUTICAL SVSC INC | [WST](https://holderbook.com/stocks/WST/) | $40.0M | 111,294 | 0.9% | 31 |
| KARMAN HLDGS INC | [KRMN](https://holderbook.com/stocks/KRMN/) | $39.9M | 798,496 | 0.9% | 3 |
| KNOWLES CORP | [KN](https://holderbook.com/stocks/KN/) | $38.7M | 932,049 | 0.8% | 1 |
| ARTIVION INC | [AORT](https://holderbook.com/stocks/AORT/) | $36.5M | 1,623,700 | 0.8% | 2 |
| HEICO CORP NEW | [HEIA](https://holderbook.com/stocks/HEIA/) | $34.8M | 134,747 | 0.8% | 31 |
| NCINO INC | [NCNO](https://holderbook.com/stocks/NCNO/) | $34.7M | 2,120,465 | 0.8% | 7 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $33.7M | 80,975 | 0.7% | 31 |
| BRIGHT HORIZONS FAM SOL IN D | [BFAM](https://holderbook.com/stocks/BFAM/) | $31.5M | 444,997 | 0.7% | 31 |
| WD 40 CO | [WDFC](https://holderbook.com/stocks/WDFC/) | $30.7M | 126,199 | 0.7% | 31 |
| ENPRO INC | [NPO](https://holderbook.com/stocks/NPO/) | $29.9M | 79,390 | 0.7% | 2 |
| HENRY JACK & ASSOC INC | [JKHY](https://holderbook.com/stocks/JKHY/) | $27.7M | 200,836 | 0.6% | 31 |
| GUIDEWIRE SOFTWARE INC | [GWRE](https://holderbook.com/stocks/GWRE/) | $27.6M | 224,372 | 0.6% | 31 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $27.5M | 94,018 | 0.6% | 31 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $26.4M | 349,644 | 0.6% | 31 |
| MATADOR RES CO | [MTDR](https://holderbook.com/stocks/MTDR/) | $25.1M | 503,990 | 0.5% | 1 |
| MAGNOLIA OIL & GAS CORP | [MGY](https://holderbook.com/stocks/MGY/) | $23.9M | 935,605 | 0.5% | 1 |
| JBT MAREL CORPORATION | [JBTM](https://holderbook.com/stocks/JBTM/) | $23.2M | 159,760 | 0.5% | 31 |
| WORKIVA INC | [WK](https://holderbook.com/stocks/WK/) | $22.7M | 467,432 | 0.5% | 22 |
| MIRION TECHNOLOGIES INC | [MIR](https://holderbook.com/stocks/MIR/) | $22.4M | 1,248,061 | 0.5% | 4 |
| BIO-TECHNE CORP | [TECH](https://holderbook.com/stocks/TECH/) | $21.0M | 297,830 | 0.5% | 31 |
| POOL CORP | [POOL](https://holderbook.com/stocks/POOL/) | $19.3M | 90,032 | 0.4% | 31 |
| PERIMETER SOLUTIONS INC | [PRM](https://holderbook.com/stocks/PRM/) | $19.1M | 535,965 | 0.4% | 1 |
| LCI INDS | [LCII](https://holderbook.com/stocks/LCII/) | $18.2M | 171,743 | 0.4% | 31 |
| PROCORE TECHNOLOGIES INC | [PCOR](https://holderbook.com/stocks/PCOR/) | $13.9M | 341,338 | 0.3% | 7 |
| CACI INTL INC | [CACI](https://holderbook.com/stocks/CACI/) | $13.4M | 28,950 | 0.3% | 2 |
| EVI INDS INC | [EVI](https://holderbook.com/stocks/EVI/) | $9.9M | 668,316 | 0.2% | 31 |
| PERMIAN RESOURCES CORP | [PR](https://holderbook.com/stocks/PR/) | $9.0M | 491,265 | 0.2% | 1 |
| FORGENT POWER SOLUTIONS INC | [FPS](https://holderbook.com/stocks/FPS/) | $8.3M | 148,895 | 0.2% | 1 |
| DT MIDSTREAM INC | [DTM](https://holderbook.com/stocks/DTM/) | $7.3M | 49,860 | 0.2% | 1 |
| TWIST BIOSCIENCE CORP | [TWST](https://holderbook.com/stocks/TWST/) | $4.4M | 43,040 | 0.1% | 5 |
| MAMAS CREATIONS INC | [MAMA](https://holderbook.com/stocks/MAMA/) | $4.1M | 228,160 | 0.1% | 8 |
| ELECTROVAYA INC | [ELVA](https://holderbook.com/stocks/ELVA/) | $3.4M | 328,100 | 0.1% | 3 |
| BIOLIFE SOLUTIONS INC | [BLFS](https://holderbook.com/stocks/BLFS/) | $3.4M | 121,652 | 0.1% | 30 |
| PALOMAR HLDGS INC | [PLMR](https://holderbook.com/stocks/PLMR/) | $3.3M | 25,960 | 0.1% | 26 |
| GRAHAM CORP | [GHM](https://holderbook.com/stocks/GHM/) | $2.6M | 21,240 | 0.1% | 2 |
| CRYOPORT INC | [CYRX](https://holderbook.com/stocks/CYRX/) | $2.5M | 158,674 | 0.1% | 30 |
| VITA COCO CO INC | [COCO](https://holderbook.com/stocks/COCO/) | $2.4M | 36,950 | 0.1% | 8 |
| WILLDAN GROUP INC | [WLDN](https://holderbook.com/stocks/WLDN/) | $2.2M | 27,607 | 0.0% | 30 |
| HILLMAN SOLUTIONS CORP | [HLMN](https://holderbook.com/stocks/HLMN/) | $2.1M | 244,070 | 0.0% | 20 |
| IRADIMED CORP | [IRMD](https://holderbook.com/stocks/IRMD/) | $2.0M | 21,085 | 0.0% | 11 |
| ONTERRIS INC | [ONT](https://holderbook.com/stocks/ONT/) | $2.0M | 96,555 | 0.0% | 18 |
| BOWMAN CONSULTING GROUP LTD | [BWMN](https://holderbook.com/stocks/BWMN/) | $1.9M | 66,300 | 0.0% | 10 |
| PARK AEROSPACE CORP | [PKE](https://holderbook.com/stocks/PKE/) | $1.9M | 49,485 | 0.0% | 1 |
| ALPHA TEKNOVA INC | [TKNO](https://holderbook.com/stocks/TKNO/) | $1.8M | 314,554 | 0.0% | 20 |
| CLIMB GLOBAL SOLUTIONS INC | [CLMB](https://holderbook.com/stocks/CLMB/) | $1.7M | 72,070 | 0.0% | 4 |
| ODDITY TECH LTD | [ODD](https://holderbook.com/stocks/ODD/) | $1.5M | 97,620 | 0.0% | 3 |
| Tecsy | [TCYSF](https://holderbook.com/stocks/TCYSF/) | $1.5M | 66,305 | 0.0% | 12 |
| NPK INTERNATIONAL INC | [NPKI](https://holderbook.com/stocks/NPKI/) | $1.4M | 88,825 | 0.0% | 1 |
| ORTHOPEDIATRICS CORP | [KIDS](https://holderbook.com/stocks/KIDS/) | $1.2M | 64,535 | 0.0% | 30 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.0M | 2,915 | 0.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $880.0K | 2,359 | 0.0% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $874.7K | 935 | 0.0% | 31 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $798.7K | 16,630 | 0.0% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $759.7K | 2,150 | 0.0% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $619.4K | 1,521 | 0.0% | 18 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $605.5K | 1,210 | 0.0% | 23 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $542.3K | 1,045 | 0.0% | 14 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $511.0K | 995 | 0.0% | 31 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $484.9K | 2,701 | 0.0% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $472.4K | 1,860 | 0.0% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $377.6K | 1,305 | 0.0% | 31 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $359.5K | 2,340 | 0.0% | 31 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $355.1K | 2,130 | 0.0% | 27 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $306.8K | 2,244 | 0.0% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $306.1K | 1,530 | 0.0% | 5 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $283.2K | 145 | 0.0% | 31 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $273.7K | 520 | 0.0% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.6% | +14.8% | -2.2% | 100% |
| Q1 2026 | -6.4% | -4.6% | -1.8% | 100% |
| Q4 2025 | -2.0% | +2.4% | -4.4% | 100% |
| Q3 2025 | -1.0% | +7.8% | -8.9% | 100% |
| Q2 2025 | +5.0% | +10.5% | -5.4% | 100% |
| Q1 2025 | -10.2% | -4.6% | -5.7% | 98% |
| Q4 2024 | +1.4% | +2.1% | -0.7% | 100% |
| Q3 2024 | +11.0% | +5.4% | +5.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $4.6B | 109 |
| Q1 2026 | $5.0B | 114 |
| Q4 2025 | $5.9B | 121 |
| Q3 2025 | $6.2B | 122 |
| Q2 2025 | $6.8B | 122 |
| Q1 2025 | $6.6B | 123 |
| Q4 2024 | $7.5B | 124 |
| Q3 2024 | $7.4B | 121 |
| Q2 2024 | $6.7B | 130 |
| Q1 2024 | $6.9B | 131 |
| Q4 2023 | $6.7B | 131 |
| Q3 2023 | $5.8B | 128 |