1y return+2.0%S&P 500 +20.9%
3y return+10.0%S&P 500 +68.5%
5y return+1.3%S&P 500 +74.5%
10y return+171.1%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $271 against $357 in the S&P 500.2
Conestoga Capital Advisors, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| CWSTCasella Waste Sys Inc | $226.5M | 4.9% | −16.7% |
| RBCRbc Bearings Inc | $210.9M | 4.6% | −23.7% |
| NOVTNovanta Inc | $197.6M | 4.3% | −16.0% |
| BCPCBalchem Corp | $183.8M | 4.0% | −13.1% |
| MRCYMercury Sys Inc | $181.9M | 4.0% | −22.5% |
| FSVFirstservice Corp New | $172.9M | 3.8% | −13.4% |
| DGIIDigi Intl Inc | $163.2M | 3.5% | −27.5% |
| ROADConstruction Partners Inc | $161.4M | 3.5% | −17.8% |
| ESEEsco Technologies Inc | $156.5M | 3.4% | −17.5% |
| MMSIMerit Med Sys Inc | $137.3M | 3.0% | −8.7% |
| SPXCSpx Technologies Inc | $134.2M | 2.9% | −16.8% |
| RGENRepligen Corp | $133.8M | 2.9% | −10.6% |
| CSWCsw Industrials Inc | $131.3M | 2.9% | −18.4% |
| LMATLemaitre Vascular Inc | $131.2M | 2.9% | −7.4% |
| DSGXDescartes Sys Group Inc | $129.1M | 2.8% | −11.7% |
| AAONAaon Inc | $128.9M | 2.8% | −20.0% |
| Stevanato Group S P ACUSIP T9224W109 | $126.6M | 2.8% | −17.5% |
| SITESiteone Landscape Supply Inc | $109.9M | 2.4% | −13.2% |
| MSAMsa Safety Inc | $96.8M | 2.1% | −16.6% |
| HLIOHelios Technologies Inc | $96.8M | 2.1% | −18.2% |
| VCELVericel Corp | $92.7M | 2.0% | −15.4% |
| FSSFederal Signal Corp | $92.1M | 2.0% | −16.8% |
| ULSUl Solutions Inc | $83.5M | 1.8% | −21.9% |
| SSDSimpson Mfg Inc | $79.0M | 1.7% | −37.7% |
| EXPOExponent Inc | $74.4M | 1.6% | −33.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| ROADConstruction Partners Inc | June 30, 2020 | +568.7% | $161.4M |
| DGIIDigi Intl Inc | June 30, 2020 | +543.4% | $163.2M |
| RBCRbc Bearings Inc | June 30, 2020 | +380.5% | $210.9M |
| ESEEsco Technologies Inc | June 30, 2020 | +314.1% | $156.5M |
| LMATLemaitre Vascular Inc | June 30, 2020 | +263.5% | $131.2M |
| TRNSTranscat Inc | June 30, 2020 | +258.7% | $41.7M |
| VCELVericel Corp | June 30, 2020 | +221.9% | $92.7M |
| HEI/AHeico Corp New | June 30, 2020 | +217.5% | $34.8M |
| UTIUniversal Technical Inst Inc | June 30, 2024 | +171.9% | $50.5M |
| SSDSimpson Mfg Inc | June 30, 2020 | +148.2% | $79.0M |
Sold off last quarter
- BLBlackline Inc was $62.4M
- AZTAAzenta Inc was $60.1M
- CCCCcc Intelligent Solutions Hl was $31.4M
- BMIBadger Meter Inc was $18.7M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $15.0M
- CXTCrane Nxt Co was $14.8M
- ERIIEnergy Recovery Inc was $1.3M
- NABLN-able Inc was $1.2M
- USPHU S Physical Therapy was $1.1M
- PLPlanet Labs Pbc was $524K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.4% | +14.8% |
| March 31, 2026 | −6.4% | −4.6% |
| December 31, 2025 | −2.0% | +2.4% |
| September 30, 2025 | −1.0% | +7.8% |
| June 30, 2025 | +5.0% | +10.5% |
| March 31, 2025 | −10.0% | −4.6% |
| December 31, 2024 | +1.4% | +2.1% |
| September 30, 2024 | +11.0% | +5.4% |
| June 30, 2024 | −5.6% | +4.0% |
| March 31, 2024 | +4.4% | +10.0% |
| December 31, 2023 | +11.8% | +11.2% |
| September 30, 2023 | −8.1% | −3.6% |
| June 30, 2023 | +5.7% | +8.3% |
| March 31, 2023 | +12.5% | +7.0% |
| December 31, 2022 | +6.0% | +7.1% |
| September 30, 2022 | −4.4% | −5.3% |
| June 30, 2022 | −16.5% | −16.5% |
| March 31, 2022 | −16.6% | −4.9% |
| December 31, 2021 | +5.0% | +10.7% |
| September 30, 2021 | +4.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Conestoga Capital Advisors, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1163744&type=13F-HR&dateb=&owner=include&count=40CIK 1163744
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1163744/000116374426000020/Filed July 24, 2026 · accession 0001163744-26-000020