Conestoga Capital Advisors, LLC

WAYNE, PA · CIK 1163744 · 13F filing filed 2026-07-24

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityCONESTOGA CAPITAL ADVISORS, LLC (US)

$4.6bn reported value -8.2% vs Q1 2026

109positions

39.0%in top 10

12 new 14 added 72 reduced 17 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CASELLA WASTE SYS INC CL A CWST	CWST	2,336,156	$226.5m4.93%	4.93%	Reduced -468.3k	-468,319 -16.7%
2	RBC BEARINGS INC COM RBC	RBC	327,489	$210.9m4.59%	4.59%	Reduced -101.8k	-101,820 -23.7%
3	NOVANTA INC COM NOVT	NOVT	1,217,963	$197.6m4.30%	4.30%	Reduced -231.9k	-231,852 -16.0%
4	BALCHEM CORP COM BCPC	BCPC	1,087,871	$183.8m4.00%	4.00%	Reduced -163.3k	-163,318 -13.1%
5	MERCURY SYS INC COM MRCY	MRCY	1,487,191	$181.9m3.96%	3.96%	Reduced -431.4k	-431,400 -22.5%
6	FIRSTSERVICE CORP NEW COM FSV	FSV	1,216,997	$172.9m3.76%	3.76%	Reduced -188.6k	-188,567 -13.4%
7	DIGI INTL INC COM DGII	DGII	2,177,359	$163.2m3.55%	3.55%	Reduced -827.4k	-827,414 -27.5%
8	CONSTRUCTION PARTNERS INC COM CL A ROAD	ROAD	1,358,962	$161.4m3.51%	3.51%	Reduced -295.1k	-295,140 -17.8%
9	ESCO TECHNOLOGIES INC COM ESE	ESE	447,077	$156.5m3.40%	3.40%	Reduced -94.7k	-94,704 -17.5%
10	MERIT MED SYS INC COM MMSI	MMSI	1,979,790	$137.3m2.99%	2.99%	Reduced -187.7k	-187,723 -8.7%
11	SPX TECHNOLOGIES INC COM SPXC	SPXC	547,175	$134.2m2.92%	2.92%	Reduced -110.4k	-110,378 -16.8%
12	REPLIGEN CORP COM RGEN	RGEN	980,983	$133.8m2.91%	2.91%	Reduced -116.8k	-116,800 -10.6%
13	CSW INDUSTRIALS INC COM CSW	CSW	471,727	$131.3m2.86%	2.86%	Reduced -106.7k	-106,707 -18.4%
14	LEMAITRE VASCULAR INC COM LMAT	LMAT	1,367,513	$131.2m2.85%	2.85%	Reduced -109.3k	-109,300 -7.4%
15	DESCARTES SYS GROUP INC COM DSGX	DSGX	1,864,851	$129.1m2.81%	2.81%	Reduced -246.5k	-246,469 -11.7%
16	AAON INC COM PAR $0.004 AAON	AAON	1,015,825	$128.9m2.80%	2.80%	Reduced -254.4k	-254,412 -20.0%
17	STEVANATO GROUP S P A ORD SHS STVN	STVN	7,007,613	$126.6m2.75%	2.75%	Reduced -1.5m	-1,484,138 -17.5%
18	SITEONE LANDSCAPE SUPPLY INC COM SITE	SITE	960,286	$109.9m2.39%	2.39%	Reduced -146.4k	-146,415 -13.2%
19	MSA SAFETY INC COM MSA	MSA	554,574	$96.8m2.11%	2.11%	Reduced -110.2k	-110,238 -16.6%
20	HELIOS TECHNOLOGIES INC COM HLIO	HLIO	1,084,345	$96.8m2.11%	2.11%	Reduced -240.9k	-240,861 -18.2%
21	VERICEL CORP COM VCEL	VCEL	2,083,832	$92.7m2.02%	2.02%	Reduced -379.5k	-379,480 -15.4%
22	FEDERAL SIGNAL CORP COM FSS	FSS	716,591	$92.1m2.00%	2.00%	Reduced -144.3k	-144,326 -16.8%
23	UL SOLUTIONS INC CLASS A COM SHS ULS	ULS	819,373	$83.5m1.82%	1.82%	Reduced -230.2k	-230,234 -21.9%
24	SIMPSON MFG INC COM SSD	SSD	377,341	$79.0m1.72%	1.72%	Reduced -227.9k	-227,940 -37.7%
25	EXPONENT INC COM EXPO	EXPO	1,265,704	$74.4m1.62%	1.62%	Reduced -640.8k	-640,801 -33.6%
26	Q2 HLDGS INC COM QTWO	QTWO	1,393,275	$67.0m1.46%	1.46%	Reduced -389.4k	-389,440 -21.9%
27	UNIVERSAL TECHNICAL INST INC COM UTI	UTI	1,181,460	$50.5m1.10%	1.10%	Reduced -110.7k	-110,665 -8.6%
28	AGILYSYS INC COM AGYS	AGYS	476,554	$49.8m1.08%	1.08%	Reduced -207.2k	-207,187 -30.3%
29	KODIAK GAS SVCS INC COM KGS	KGS	646,145	$48.5m1.06%	1.06%	New
30	KADANT INC COM KAI	KAI	150,265	$47.2m1.03%	1.03%	Reduced -59.7k	-59,684 -28.4%
31	LEGENCE CORP CL A LGN	LGN	506,578	$43.2m0.94%	0.94%	Added +90.7k	+90,718 21.8%
32	TRANSCAT INC COM TRNS	TRNS	449,557	$41.7m0.91%	0.91%	Reduced -63.0k	-62,961 -12.3%
33	ROLLINS INC COM ROL	ROL	991,591	$41.4m0.90%	0.90%	Reduced -186.4k	-186,372 -15.8%
34	WEST PHARMACEUTICAL SVSC INC COM WST	WST	111,294	$40.0m0.87%	0.87%	Reduced -19.7k	-19,676 -15.0%
35	KARMAN HLDGS INC COMMON STOCK KRMN	KRMN	798,496	$39.9m0.87%	0.87%	Added +286.0k	+285,975 55.8%
36	KNOWLES CORP COM KN	KN	932,049	$38.7m0.84%	0.84%	New
37	ARTIVION INC COM AORT	AORT	1,623,700	$36.5m0.79%	0.79%	Added +448.3k	+448,290 38.1%
38	HEICO CORP NEW CL A HEI.A	HEI.A	134,747	$34.8m0.76%	0.76%	Reduced -51.1k	-51,141 -27.5%
39	NCINO INC COM NCNO	NCNO	2,120,465	$34.7m0.75%	0.75%	Reduced -603.9k	-603,889 -22.2%
40	WATSCO INC COM WSO	WSO	80,975	$33.7m0.73%	0.73%	Reduced -40.9k	-40,929 -33.6%
41	BRIGHT HORIZONS FAM SOL IN D COM BFAM	BFAM	444,997	$31.5m0.69%	0.69%	Reduced -848.1k	-848,149 -65.6%
42	WD 40 CO COM WDFC	WDFC	126,199	$30.7m0.67%	0.67%	Reduced -64.0k	-64,001 -33.6%
43	ENPRO INC COM NPO	NPO	79,390	$29.9m0.65%	0.65%	Reduced -960	-960 -1.2%
44	HENRY JACK & ASSOC INC COM JKHY	JKHY	200,836	$27.7m0.60%	0.60%	Reduced -46.5k	-46,475 -18.8%
45	GUIDEWIRE SOFTWARE INC COM GWRE	GWRE	224,372	$27.6m0.60%	0.60%	Reduced -50.5k	-50,469 -18.4%
46	TYLER TECHNOLOGIES INC COM TYL	TYL	94,018	$27.5m0.60%	0.60%	Reduced -20.9k	-20,890 -18.2%
47	GRACO INC COM GGG	GGG	349,644	$26.4m0.58%	0.58%	Reduced -191.0k	-190,997 -35.3%
48	MATADOR RES CO COM MTDR	MTDR	503,990	$25.1m0.55%	0.55%	New
49	MAGNOLIA OIL & GAS CORP CL A MGY	MGY	935,605	$23.9m0.52%	0.52%	New
50	JOHN BEAN TECHNOLOGIES CORP COM JBTM	JBTM	159,760	$23.2m0.50%	0.50%	Reduced -34.7k	-34,655 -17.8%
51	WORKIVA INC COM CL A WK	WK	467,432	$22.7m0.49%	0.49%	Reduced -287.1k	-287,121 -38.0%
52	MIRION TECHNOLOGIES INC COM CL A MIR	MIR	1,248,061	$22.4m0.49%	0.49%	Reduced -583.0k	-582,958 -31.8%
53	BIO-TECHNE CORP COM TECH	TECH	297,830	$21.0m0.46%	0.46%	Reduced -153.6k	-153,586 -34.0%
54	POOL CORP COM POOL	POOL	90,032	$19.3m0.42%	0.42%	Reduced -62.6k	-62,592 -41.0%
55	PERIMETER SOLUTIONS INC COMMON STOCK PRM	PRM	535,965	$19.1m0.42%	0.42%	New
56	LCI INDS COM LCII	LCII	171,743	$18.2m0.40%	0.40%	Reduced -32.5k	-32,455 -15.9%
57	PROCORE TECHNOLOGIES INC COM PCOR	PCOR	341,338	$13.9m0.30%	0.30%	Reduced -65.9k	-65,935 -16.2%
58	CACI INTL INC CL A CACI	CACI	28,950	$13.4m0.29%	0.29%	Added +1.9k	+1,860 6.9%
59	EVI INDS INC COM EVI	EVI	668,316	$9.9m0.21%	0.21%	Reduced -33.6k	-33,560 -4.8%
60	PERMIAN RESOURCES CORP CLASS A COM PR	PR	491,265	$9.0m0.20%	0.20%	New
61	FORGENT POWER SOLUTIONS INC COM SHS CL A FPS	FPS	148,895	$8.3m0.18%	0.18%	New
62	DT MIDSTREAM INC COMMON STOCK DTM	DTM	49,860	$7.3m0.16%	0.16%	New
63	TWIST BIOSCIENCE CORP COM TWST	TWST	43,040	$4.4m0.10%	0.10%	Reduced -13.7k	-13,745 -24.2%
64	MAMAS CREATIONS INC COM MAMA	MAMA	228,160	$4.1m0.09%	0.09%	Added +42.5k	+42,460 22.9%
65	ELECTROVAYA INC COM NEW ELVA	ELVA	328,100	$3.4m0.07%	0.07%	Added +64.8k	+64,780 24.6%
66	BIOLIFE SOLUTIONS INC COM NEW BLFS	BLFS	121,652	$3.4m0.07%	0.07%	Added +29.2k	+29,180 31.6%
67	PALOMAR HLDGS INC COM PLMR	PLMR	25,960	$3.3m0.07%	0.07%	Added +5.3k	+5,325 25.8%
68	GRAHAM CORP COM GHM	GHM	21,240	$2.6m0.06%	0.06%	Reduced -100	-100 -0.5%
69	CRYOPORT INC COM PAR $0.001 CYRX	CYRX	158,674	$2.5m0.05%	0.05%	Reduced -1.2k	-1,190 -0.7%
70	VITA COCO CO INC COM COCO	COCO	36,950	$2.4m0.05%	0.05%	Added +7.3k	+7,275 24.5%
71	WILLDAN GROUP INC COM WLDN	WLDN	27,607	$2.2m0.05%	0.05%	Added +3.9k	+3,940 16.6%
72	HILLMAN SOLUTIONS CORP COM HLMN	HLMN	244,070	$2.1m0.04%	0.04%	Reduced -2.7k	-2,665 -1.1%
73	IRADIMED CORP COM IRMD	IRMD	21,085	$2.0m0.04%	0.04%	Reduced -130	-130 -0.6%
74	MONTROSE ENVIRONMENTAL GROUP COM ONT	ONT	96,555	$2.0m0.04%	0.04%	Added +13.0k	+13,040 15.6%
75	BOWMAN CONSULTING GROUP LTD COM BWMN	BWMN	66,300	$1.9m0.04%	0.04%	Reduced -230	-230 -0.3%
76	PARK AEROSPACE CORP COM PKE	PKE	49,485	$1.9m0.04%	0.04%	New
77	ALPHA TEKNOVA INC COM TKNO	TKNO	314,554	$1.8m0.04%	0.04%	Reduced -2.5k	-2,530 -0.8%
78	CLIMB GLOBAL SOLUTIONS INC COM CLMB	CLMB	72,070	$1.7m0.04%	0.04%	Reduced -280	-280 -0.4%
79	ODDITY TECH LTD SHS CL A ODD	ODD	97,620	$1.5m0.03%	0.03%	Unchanged
80	TECSYS INC COM COM TCYSF	TCYSF	66,305	$1.5m0.03%	0.03%	Reduced -530	-530 -0.8%
81	NPK INTERNATIONAL INC COM SHS NPKI	NPKI	88,825	$1.4m0.03%	0.03%	New
82	ORTHOPEDIATRICS CORP COM KIDS	KIDS	64,535	$1.2m0.03%	0.03%	Unchanged
83	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,915	$1.0m0.02%	0.02%	Reduced -15	-15 -0.5%
84	MICROSOFT CORP COM MSFT	MSFT	2,359	$880.0k0.02%	0.02%	Unchanged
85	COSTCO WHSL CORP NEW COM COST	COST	935	$874.7k0.02%	0.02%	Unchanged
86	FASTENAL CO COM FAST	FAST	16,630	$798.7k0.02%	0.02%	Reduced -410	-410 -2.4%
87	ALPHABET INC CAP STK CL C GOOG	GOOG	2,150	$759.7k0.02%	0.02%	Reduced -15	-15 -0.7%
88	S&P GLOBAL INC COM SPGI	SPGI	1,521	$619.4k0.01%	0.01%	Unchanged
89	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,210	$605.5k0.01%	0.01%	Reduced -5	-5 -0.4%
90	LINDE PLC SHS LIN	LIN	1,045	$542.3k0.01%	0.01%	Reduced -20	-20 -1.9%
91	MASTERCARD INCORPORATED CL A MA	MA	995	$511.0k0.01%	0.01%	Unchanged
92	VERISK ANALYTICS INC COM VRSK	VRSK	2,701	$484.9k0.01%	0.01%	Reduced -615	-615 -18.6%
93	JOHNSON & JOHNSON COM JNJ	JNJ	1,860	$472.4k0.01%	0.01%	Unchanged
94	APPLE INC COM AAPL	AAPL	1,305	$377.6k0.01%	0.01%	Reduced -30	-30 -2.2%
95	FORTINET INC COM FTNT	FTNT	2,340	$359.5k0.01%	0.01%	Reduced -933	-933 -28.5%
96	WASTE CONNECTIONS INC COM WCN	WCN	2,130	$355.1k0.01%	0.01%	Reduced -972	-972 -31.3%
97	EXXON MOBIL CORP COM XOM	XOM	2,244	$306.8k0.01%	0.01%	Added +360	+360 19.1%
98	NVIDIA CORPORATION COM NVDA	NVDA	1,530	$306.1k0.01%	0.01%	Unchanged
99	MARKEL GROUP INC COM MKL	MKL	145	$283.2k0.01%	0.01%	Unchanged
100	IDEXX LABS INC COM IDXX	IDXX	520	$273.7k0.01%	0.01%	Reduced -270	-270 -34.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
BLACKLINE INC BL	BL	1,685,484	$62.4m1.7m shares
AZENTA INC AZTA	AZTA	2,844,546	$60.1m2.8m shares
CCC INTELLIGENT SOLUTIONS HL CCC	CCC	5,240,492	$31.4m5.2m shares
BADGER METER INC BMI	BMI	122,658	$18.7m122.7k shares
CLEARWATER ANALYTICS HLDGS I		633,523	$15.0m633.5k shares
CRANE NXT CO CXT	CXT	363,898	$14.8m363.9k shares
ENERGY RECOVERY INC ERII	ERII	133,725	$1.3m133.7k shares
N-ABLE INC NABL	NABL	252,775	$1.2m252.8k shares
U S PHYSICAL THERAPY USPH	USPH	15,275	$1.1m15.3k shares
PLANET LABS PBC PL	PL	18,747	$524.0k18.7k shares
SPS COMM INC SPSC	SPSC	8,270	$460.4k8.3k shares
COSTAR GROUP INC CSGP	CSGP	7,859	$317.0k7.9k shares
TRACTOR SUPPLY CO TSCO	TSCO	6,375	$288.8k6.4k shares
COPART INC CPRT	CPRT	7,698	$255.6k7.7k shares
STERIS PLC STE	STE	1,024	$226.4k1.0k shares
VEEVA SYS INC VEEV	VEEV	1,242	$218.2k1.2k shares
INVESCO EXCH TRADED FD TR II PGX	PGX	11,350	$123.5k11.3k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
STEVANATO GROUP S P A STVN · 13G · filed 2026-01-09	STVN	16.7%	-0.6 pts	13G	2026-01-09
SIMULATIONS PLUS INC 13G · filed 2025-01-10		11.9%≈ $43.9m	new	13G	2025-01-10
MESA LABS INC MLAB · 13G · filed 2025-01-10	MLAB	11.4%≈ $61.5m		13G	2025-01-10
TRANSCAT INC TRNS · 13G · filed 2026-01-09	TRNS	10.9%≈ $94.0m	+0.3 pts	13G	2026-01-09
DIGI INTL INC DGII · 13G · filed 2026-01-08	DGII	8.5%≈ $237.3m	-2.1 pts	13G	2026-01-08
LEMAITRE VASCULAR INC LMAT · 13G · filed 2026-01-09	LMAT	8.1%≈ $146.6m	no change	13G	2026-01-09
CONSTRUCTION PARTNERS INC ROAD · 13G · filed 2025-01-10	ROAD	7.9%≈ $442.7m		13G	2025-01-10
EVI INDS INC EVI · 13G · filed 2026-01-09	EVI	6.0%≈ $12.7m	-0.1 pts	13G	2026-01-09
CASELLA WASTE SYS INC CWST · 13G · filed 2025-01-10	CWST	5.5%≈ $332.9m		13G	2025-01-10
EXPONENT INC EXPO · 13G · filed 2026-01-09	EXPO	5.1%≈ $148.4m	-0.8 pts	13G	2026-01-09
HELIOS TECHNOLOGIES INC HLIO · 13G · filed 2026-01-09	HLIO	5.0%≈ $148.3m	-1.4 pts	13G	2026-01-09