Conestoga Capital Advisors, LLC
Long book
$5.01B
Q1 2026
Positions
114
Top-10 weight
37%
concentration
Last quarter
+12.6%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsConestoga Capital Advisors, LLC is a diversified fundamental manager, running a $5.01B US long book across 114 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: RBC BEARINGS INC, CASELLA WASTE SYSTEMS INC-A, BALCHEM CORP, FIRSTSERVICE CORP, CONSTRUCTION PARTNERS INC-A.
Over the last 9 quarters its long book ran on average 4pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-5.7%
Q2 2024
+11.9%
Q3 2024
+0.5%
Q4 2024
-10.9%
Q1 2025
+5.7%
Q2 2025
-0.6%
Q3 2025
-2.6%
Q4 2025
-6.5%
Q1 2026
+12.6%
Sector allocation
Technology 26%
Industrials 26%
Healthcare 17%
Services media 9%
Other 5%
Consumer discretionary 5%
Utilities 4%
Materials 4%
Long book by quarter
What does Conestoga Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| RBC RBC BEARINGS INC | Industrials | 429.3K | $233.2M | 4.7% | -26.5% |
| CWST CASELLA WASTE SYSTEMS INC-A | Utilities | 2.8M | $222.5M | 4.4% | +1.0% |
| BCPC BALCHEM CORP | Materials | 1.3M | $212.1M | 4.2% | +3.9% |
| FSV FIRSTSERVICE CORP | Real estate | 1.4M | $195.3M | 3.9% | +19.9% |
| ROAD CONSTRUCTION PARTNERS INC-A | Industrials | 1.7M | $183.8M | 3.7% | -18.3% |
| NOVT NOVANTA INC | Technology | 1.4M | $171.2M | 3.4% | -0.6% |
| LMAT LEMAITRE VASCULAR INC | Healthcare | 1.5M | $161.2M | 3.2% | +3.6% |
| ESE ESCO TECHNOLOGIES INC | Technology | 541.8K | $152.4M | 3.0% | -30.1% |
| DSGX DESCARTES SYSTEMS GRP/THE | Technology | 2.1M | $151.1M | 3.0% | -15.8% |
| CSW CSW INDUSTRIALS INC | Other | 578.4K | $150.7M | 3.0% | -8.7% |
| MMSI MERIT MEDICAL SYSTEMS INC | Healthcare | 2.2M | $149.4M | 3.0% | +3.9% |
| SITE SITEONE LANDSCAPE SUPPLY INC | Consumer discretionary | 1.1M | $147.3M | 2.9% | +2.9% |
| DGII DIGI INTERNATIONAL INC | Technology | 3.0M | $144.8M | 2.9% | +1.7% |
| MRCY MERCURY SYSTEMS INC | Technology | 1.9M | $139.9M | 2.8% | -11.8% |
| SPXC SPX TECHNOLOGIES INC | Industrials | 657.6K | $131.5M | 2.6% | -13.3% |
| RGEN REPLIGEN CORP | Healthcare | 1.1M | $129.3M | 2.6% | +3.8% |
| EXPO EXPONENT INC | Services media | 1.9M | $124.4M | 2.5% | -20.3% |
| STVN STEVANATO GROUP SPA | Healthcare | 8.5M | $116.8M | 2.3% | +7.6% |
| MSA MSA SAFETY INC | Healthcare | 664.8K | $109.0M | 2.2% | -11.5% |
| BFAM BRIGHT HORIZONS FAMILY SOLUT | Services media | 1.3M | $106.2M | 2.1% | +17.5% |
| AAON AAON INC | Industrials | 1.3M | $105.1M | 2.1% | -28.5% |
| SSD SIMPSON MANUFACTURING CO INC | Industrials | 605.3K | $103.9M | 2.1% | -28.7% |
| FSS FEDERAL SIGNAL CORP | Industrials | 860.9K | $93.1M | 1.9% | -13.9% |
| ULS UL SOLUTIONS INC - CLASS A | Services media | 1.0M | $90.0M | 1.8% | +0.3% |
| HLIO HELIOS TECHNOLOGIES INC | Industrials | 1.3M | $85.8M | 1.7% | -14.6% |
| QTWO Q2 HOLDINGS INC | Technology | 1.8M | $84.3M | 1.7% | -3.5% |
| VCEL VERICEL CORP | Healthcare | 2.5M | $79.2M | 1.6% | +9.3% |
| ROL ROLLINS INC | Services media | 1.2M | $62.9M | 1.3% | +4.2% |
| BL BLACKLINE INC | Technology | 1.7M | $62.4M | 1.2% | -8.8% |
| KAI KADANT INC | Industrials | 209.9K | $61.4M | 1.2% | -2.9% |
| AZTA AZENTA INC | Industrials | 2.8M | $60.1M | 1.2% | +116.1% |
| AGYS AGILYSYS INC | Technology | 683.7K | $48.6M | 1.0% | +14.3% |
| UTI UNIVERSAL TECHNICAL INSTITUT | Services media | 1.3M | $46.6M | 0.9% | +1366.0% |
| GGG GRACO INC | Industrials | 540.6K | $45.8M | 0.9% | +1.7% |
| WK WORKIVA INC | Technology | 754.6K | $45.0M | 0.9% | -30.3% |
| WSO WATSCO INC | Consumer discretionary | 121.9K | $44.3M | 0.9% | +5.5% |
| AORT ARTIVION INC | Healthcare | 1.2M | $43.0M | 0.9% | New |
| GWRE GUIDEWIRE SOFTWARE INC | Technology | 274.8K | $41.1M | 0.8% | +5.9% |
| KRMN KARMAN HOLDINGS INC | Industrials | 512.5K | $41.0M | 0.8% | -4.2% |
| NCNO NCINO INC | Technology | 2.7M | $40.8M | 0.8% | -4.8% |
| TYL TYLER TECHNOLOGIES INC | Technology | 114.9K | $39.3M | 0.8% | +6.9% |
| HEI/A HEICO CORP-CLASS A | Industrials | 185.9K | $39.2M | 0.8% | -1.5% |
| JKHY JACK HENRY & ASSOCIATES INC | Technology | 247.3K | $39.1M | 0.8% | +5.1% |
| WDFC WD-40 CO | Other | 190.2K | $38.8M | 0.8% | -35.9% |
| TRNS TRANSCAT INC | Technology | 512.5K | $37.6M | 0.8% | -45.7% |
| MIR MIRION TECHNOLOGIES INC | Other | 1.8M | $34.0M | 0.7% | -5.6% |
| WST WEST PHARMACEUTICAL SERVICES | Healthcare | 131.0K | $32.8M | 0.7% | +6.7% |
| CCC CCC INTELLIGENT SOLUTIONS HO | Technology | 5.2M | $31.4M | 0.6% | -58.2% |
| POOL POOL CORP | Consumer discretionary | 152.6K | $30.9M | 0.6% | +5.5% |
| LCII LCI INDUSTRIES | Industrials | 204.2K | $25.1M | 0.5% | +4.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 114 | $5.01B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 121 | $5.94B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 122 | $6.23B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 30, 2025 | 122 | $6.77B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 17, 2025 | 123 | $6.63B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 124 | $7.55B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 121 | $7.37B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 130 | $6.67B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 131 | $6.92B | canonical | SEC ↗ |
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