Conestoga Capital Advisors, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 26, 2024), Conestoga Capital Advisors, LLC reported 131 stock positions worth $6.9 billion. Its top holding was Casella Waste Systems Class A (CWST) at 4.7% of the portfolio, followed by Simpson Manufacturing (SSD, 4.1%) and Descartes Systems Grp (DSGX, 4.0%). Compared with Q4 2023, it opened 3 new positions, sold out of 3, added to 80 and reduced 38. The biggest buy was Stevanato Group SPA (STVN, shares +49%) and the biggest sale Axon Enterprise (AXON, shares −81%).

Most Recent 13F
Q2 2026
Location
WAYNE, PA
CIK
0001163744
Portfolio Value
$6.9B (Q1 2024)
SEC Filing
0001085146-24-002079 ↗ filed Apr 26, 2024

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $6.9B $6.9B Q1 2024 Q2 2024: $6.7B Q2 2024 Q3 2024: $7.4B Q3 2024 Q4 2024: $7.5B Q4 2024 Q1 2025: $6.6B Q1 2025 Q2 2025: $6.8B Q2 2025 Q3 2025: $6.2B Q3 2025 Q4 2025: $5.9B Q4 2025 Q1 2026: $5.0B Q1 2026 Q2 2026: $4.6B Q2 2026

Holdings 131 stocks · $6.9B
CWST Casella Waste Systems Inc. Class A 4.70% 3,284,975 $324.8M Add +7.7%
SSD Simpson Manufacturing Co. Inc. 4.09% 1,378,365 $282.8M Add +0.4%
DSGX The Descartes Systems Grp 4.04% 3,049,464 $279.1M Add +0.8%
FSV Firstservice Corp. 3.31% 1,382,615 $229.2M Add +1.1%
NOVT Novanta Inc. 3.28% 1,298,536 $226.9M Add +0.9%
AAON Aaon Inc. 3.28% 2,574,096 $226.8M Reduce -23.3%
ROAD Construction Partners Inc. Class A 3.26% 4,015,047 $225.4M Reduce -11.6%
EXPO Exponent Inc. 3.21% 2,687,351 $222.2M Add +9.6%
SPSC SPS Commerce Inc. 3.20% 1,198,441 $221.6M Reduce -10.8%
STVN Stevanato Group SPA 3.15% 6,778,893 $217.6M Add +48.8%
ALTR Altair Engineering Inc. Class A 3.04% 2,440,081 $210.2M Add +0.6%
SITE Siteone Landscape Supply Inc. 2.81% 1,113,359 $194.3M Add +0.8%
TREX Trex Company Inc. 2.76% 1,913,263 $190.8M Add +1.4%
RBC RBC Bearings Inc. 2.75% 703,997 $190.3M Add +1.2%
BCPC Balchem Corp. 2.52% 1,125,384 $174.4M Add +3.9%
MMSI Merit Medical Systems Inc. 2.38% 2,174,483 $164.7M Add +1.1%
RGEN Repligen Corp. 1.99% 747,555 $137.5M Add +5.3%
CSW CSW Industrials Inc. 1.87% 552,356 $129.6M Add +38.5%
PYCR Paycor HCM Inc. 1.87% 6,657,141 $129.4M Add +38.9%
LMAT Lemaitre Vascular Inc. 1.85% 1,932,917 $128.3M Add +0.3%
VCEL Vericel Corp. 1.75% 2,331,310 $121.3M Reduce -0.4%
PRO Pros Holdings Inc. 1.72% 3,271,719 $118.9M Add +0.7%
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 1.69% 2,218,924 $116.6M Add +0.7%
DGII Digi International Inc. 1.67% 3,618,380 $115.5M Add +0.7%
CWAN Clearwater Analytics HDS-A 1.66% 6,506,247 $115.1M Add +1.2%
FSS Federal Signal Corp. 1.66% 1,351,601 $114.7M Add +0.1%
ESE Esco Technologies Inc. 1.59% 1,025,919 $109.8M Add +0.3%
MODN Model N Inc. 1.59% 3,855,355 $109.8M Add +0.8%
NEOG Neogen Corp. 1.57% 6,865,041 $108.3M Add +0.7%
HLMN Hillman Solutions Corp. 1.43% 9,289,913 $98.8M Add +1.2%
WK Workiva Inc. 1.42% 1,156,215 $98.0M Add +21.4%
JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP 1.41% 926,553 $97.2M Add +0.7%
SLP Simulations Plus Inc. 1.35% 2,263,755 $93.2M Add +0.2%
BL Blackline Inc. 1.31% 1,407,505 $90.9M Reduce -0.5%
HLIO Helios Technologies Inc. 1.30% 2,010,417 $89.8M Add +0.1%
VERX Vertex Inc. Class A 1.29% 2,806,830 $89.1M Reduce -0.9%
TRNS Transcat Inc. 1.24% 767,206 $85.5M Add +0.6%
WDFC WD-40 Co. 1.16% 316,272 $80.1M Add +0.6%
AZTA Azenta Inc. 1.12% 1,283,424 $77.4M Reduce -0.6%
CCC CCC Intelligent Solutions Ho 1.09% 6,310,340 $75.5M Add +526.7%
MLAB Mesa Laboratories Inc. 0.92% 580,744 $63.7M Add +0.4%
FOXF Fox Factory Holding Corp. 0.85% 1,132,129 $58.9M Reduce -0.2%
DH Definitive Healthcare Corp. 0.65% 5,595,627 $45.2M Add +1.4%
ROL Rollins Inc. 0.57% 853,925 $39.5M Add +5.3%
MRCY Mercury Systems Inc. 0.54% 1,269,730 $37.5M Reduce -48.2%
WSO Watsco Inc. 0.51% 81,097 $35.0M Add +5.3%
GGG Graco Inc. 0.49% 360,264 $33.7M Add +5.2%
POOL Pool Corp. 0.47% 80,838 $32.6M Add +5.3%
AXON Axon Enterprise Inc. 0.46% 100,713 $31.5M Reduce -81.0%
TYL Tyler Technologies Inc. 0.46% 74,126 $31.5M Add +5.3%
NRC NRC Health filed as NATIONAL RESH CORP 0.45% 784,656 $31.1M Add +0.5%
HEI.A Heico Corp. Class A 0.41% 183,753 $28.3M Add +5.3%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.40% 158,175 $27.5M Add +5.4%
GWRE Guidewire Software Inc. 0.34% 199,680 $23.3M Add +5.5%
BFAM Bright Horizons Family Solut 0.32% 197,705 $22.4M Add +5.5%
FICO Fair Isaac Corp. 0.32% 17,804 $22.2M Reduce -41.8%
OFLX Omega Flex Inc. 0.31% 298,057 $21.1M No change
TECH Bio-Techne Corp. 0.27% 264,247 $18.6M Add +5.2%
MSA Msa Safety Inc. 0.27% 95,975 $18.6M Add +63.0%
MTN Vail Resorts Inc. 0.26% 80,484 $17.9M Add +5.7%
GNRC Generac Holdings Inc. 0.24% 131,162 $16.5M Add +59.7%
EVI Evi Industries Inc. 0.23% 647,161 $16.1M Add +6.6%
WST West Pharmaceutical Services 0.20% 35,718 $14.1M Reduce -35.5%
TFX Teleflex Inc. 0.20% 62,312 $14.1M Add +5.6%
LCII Lci Industries 0.20% 111,051 $13.7M Add +5.7%
IT Gartner Inc. 0.18% 26,444 $12.6M Reduce -45.1%
CGNX Cognex Corp. 0.17% 279,614 $11.9M Add +5.7%
FIVN FIVE9 Inc. 0.13% 144,848 $9.0M Add +5.3%
PLMR Palomar Holdings Inc. 0.03% 27,407 $2.3M Add +1.0%
PHR Phreesia Inc. 0.03% 78,085 $1.9M Add +1.0%
TCYSF Tecsys Inc. 0.03% 64,170 $1.8M Add +1.0%
USPH U.S. Physical Therapy Inc. 0.02% 15,075 $1.7M Add +1.0%
ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP 0.02% 41,700 $1.6M Add +1.0%
WLDN Willdan Group Inc. 0.02% 55,823 $1.6M Add +1.0%
IIIV I3 Verticals Inc. Class A 0.02% 70,222 $1.6M Add +0.9%
NVEE NV5 Global Inc. 0.02% 15,798 $1.5M Add +1.0%
ANSS Ansys Inc. 0.02% 4,410 $1.5M Reduce -13.4%
CSGP Costar Group Inc. 0.02% 15,655 $1.5M Add +0.3%
CPRT Copart Inc. 0.02% 25,668 $1.5M Reduce -4.1%
COST Costco Wholesale Corp. 0.02% 1,985 $1.5M Reduce -7.5%
KIDS Orthopediatrics Corp. 0.02% 48,653 $1.4M Add +7.3%
VRSK Verisk Analytics Inc. 0.02% 5,800 $1.4M Add +0.5%
OLO Olo Inc. Class A 0.02% 237,625 $1.3M Add +9.0%
CYRX Cryoport Inc. 0.02% 71,417 $1.3M Add +1.0%
FAST Fastenal Co. 0.02% 16,085 $1.2M Reduce -5.9%
IRMD Iradimed Corp. 0.02% 27,655 $1.2M Add +75.3%
BLFS Biolife Solutions Inc. 0.02% 65,477 $1.2M Add +1.0%
MSFT Microsoft Corp. 0.02% 2,859 $1.2M Reduce -7.7%
SSTI Soundthinking Inc. 0.02% 75,630 $1.2M Add +10.4%
ROP Roper Technologies Inc. 0.02% 2,139 $1.2M Reduce -2.5%
SPGI S&P Global Inc. 0.02% 2,702 $1.1M No change
TSCO Tractor Supply Company 0.02% 4,199 $1.1M Reduce -6.9%
WCN Waste Connections Inc. 0.02% 6,254 $1.1M Reduce -5.4%
FTNT Fortinet Inc. 0.02% 15,439 $1.1M Reduce -1.8%
LIN Linde PLC 0.02% 2,255 $1.0M Reduce -5.5%
BWMN Bowman Consulting Group Ltd. 0.01% 29,550 $1.0M New
PL Planet Labs PBC 0.01% 399,600 $1.0M Add +15.3%
IDXX Idexx Laboratories Inc. 0.01% 1,729 $934K Add +0.3%
THBRF Thunderbird Entertainment GR 0.01% 619,045 $915K Add +1.0%
AAPL Apple Inc. 0.01% 5,110 $876K Reduce -10.5%
INTU Intuit Inc. 0.01% 1,320 $858K Reduce -2.9%
GOOGL Alphabet Inc. Class A 0.01% 5,255 $793K Reduce -8.7%
XOM Exxon Mobil Corp. 0.01% 6,779 $788K No change
VEEV Veeva Systems Inc. Class A 0.01% 3,229 $748K Add +0.5%
MKL Markel Group Inc. 0.01% 455 $692K Reduce -9.9%
FDS Factset Research Systems Inc. 0.01% 1,487 $676K Add +0.3%
TKNO Alpha Teknova Inc. 0.01% 249,949 $662K Add +1.0%
STE Steris PLC 0.01% 2,654 $597K Add +0.6%
XYL Xylem Inc. 0.01% 4,214 $545K Reduce -7.0%
ALGN Align Technology Inc. 0.01% 1,574 $516K Reduce -2.8%
WTRG Essential Utilities Inc. 0.01% 13,087 $485K No change
MA Mastercard Inc. Class A 0.01% 1,005 $484K Reduce -9.1%
HD Home Depot Inc. 0.01% 1,205 $462K No change
BRK.B Berkshire Hathaway Inc. Class B 0.01% 1,090 $458K No change
JNJ Johnson & Johnson 0.01% 2,840 $449K Reduce -11.0%
MTD Mettler-Toledo International 0.01% 325 $433K Add +3.5%
JPM JPMorgan Chase & Co. 0.01% 2,066 $414K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.01% 3,240 $408K Reduce -8.5%
GOOG Alphabet Inc. Class C 0.01% 2,655 $404K Reduce -13.1%
GRMN Garmin Ltd. 0.01% 2,670 $397K Reduce -8.6%
BSY Bentley Systems Inc. Class B 0.00% 6,370 $333K Add +0.7%
MRK Merck & Co. Inc. 0.00% 2,500 $330K No change
AMGN Amgen Inc. 0.00% 1,130 $321K No change
NVDA Nvidia Corp. 0.00% 350 $316K New
ADBE Adobe Inc. 0.00% 580 $293K Reduce -14.7%
PCOR Procore Technologies Inc. 0.00% 3,140 $258K Add +0.5%
ITW Illinois Tool Works 0.00% 960 $258K Reduce -18.6%
PEP Pepsico Inc. 0.00% 1,450 $254K No change
NKE Nike Inc. Class B 0.00% 2,545 $239K Reduce -8.0%
DHR Danaher Corp. 0.00% 905 $226K Reduce -15.0%
LSPD Lightspeed Commerce Inc. 0.00% 10,039 $141K New

Portfolio Sells Q4 2023 → Q1 2024
AXON Axon Enterprise Inc. Reduce -81.0% 0.46% −1.60
PLOW Douglas Dynamics Inc. Sold out 0.00% −0.98
MRCY Mercury Systems Inc. Reduce -48.2% 0.54% −0.80
SPSC SPS Commerce Inc. Reduce -10.8% 3.20% −0.71
AAON Aaon Inc. Reduce -23.3% 3.28% −0.44
FOXF Fox Factory Holding Corp. Reduce -0.2% 0.85% −0.30
FICO Fair Isaac Corp. Reduce -41.8% 0.32% −0.21
AZTA Azenta Inc. Reduce -0.6% 1.12% −0.14
IT Gartner Inc. Reduce -45.1% 0.18% −0.14
WST West Pharmaceutical Services Reduce -35.5% 0.20% −0.09
SMLR Semler Scientific Inc. Sold out 0.00% −0.02
BL Blackline Inc. Reduce -0.5% 1.31% −0.01
ANSS Ansys Inc. Reduce -13.4% 0.02% −0.01
AAPL Apple Inc. Reduce -10.5% 0.01% −0.00
DLB Dolby Laboratories Inc. Class A Sold out 0.00% −0.00
ADBE Adobe Inc. Reduce -14.7% 0.00% −0.00
JNJ Johnson & Johnson Reduce -11.0% 0.01% −0.00
NKE Nike Inc. Class B Reduce -8.0% 0.00% −0.00
ITW Illinois Tool Works Reduce -18.6% 0.00% −0.00
MKL Markel Group Inc. Reduce -9.9% 0.01% −0.00
SJM The JM Smucker Co. Reduce -8.5% 0.01% −0.00
GOOG Alphabet Inc. Class C Reduce -13.1% 0.01% −0.00
GOOGL Alphabet Inc. Class A Reduce -8.7% 0.01% −0.00
ROP Roper Technologies Inc. Reduce -2.5% 0.02% −0.00
DHR Danaher Corp. Reduce -15.0% 0.00% −0.00
INTU Intuit Inc. Reduce -2.9% 0.01% −0.00
COST Costco Wholesale Corp. Reduce -7.5% 0.02% −0.00
MA Mastercard Inc. Class A Reduce -9.1% 0.01% −0.00
MSFT Microsoft Corp. Reduce -7.7% 0.02% −0.00
XYL Xylem Inc. Reduce -7.0% 0.01% +0.00
GRMN Garmin Ltd. Reduce -8.6% 0.01% +0.00
LIN Linde PLC Reduce -5.5% 0.02% +0.00
WCN Waste Connections Inc. Reduce -5.4% 0.02% +0.00
ALGN Align Technology Inc. Reduce -2.8% 0.01% +0.00
FAST Fastenal Co. Reduce -5.9% 0.02% +0.00
TSCO Tractor Supply Company Reduce -6.9% 0.02% +0.00
FTNT Fortinet Inc. Reduce -1.8% 0.02% +0.00
CPRT Copart Inc. Reduce -4.1% 0.02% +0.00
VERX Vertex Inc. Class A Reduce -0.9% 1.29% +0.14
ROAD Construction Partners Inc. Class A Reduce -11.6% 3.26% +0.29
VCEL Vericel Corp. Reduce -0.4% 1.75% +0.50

Portfolio Buys Q4 2023 → Q1 2024
STVN Stevanato Group SPA Add +48.8% 3.15% +1.28
CCC CCC Intelligent Solutions Ho Add +526.7% 1.09% +0.92
CWST Casella Waste Systems Inc. Class A Add +7.7% 4.70% +0.78
CSW CSW Industrials Inc. Add +38.5% 1.87% +0.63
TREX Trex Company Inc. Add +1.4% 2.76% +0.42
PYCR Paycor HCM Inc. Add +38.9% 1.87% +0.32
DGII Digi International Inc. Add +0.7% 1.67% +0.27
QTWO Q2 Holdings Inc. Add +0.7% 1.69% +0.25
DSGX The Descartes Systems Grp Add +0.8% 4.04% +0.22
LMAT Lemaitre Vascular Inc. Add +0.3% 1.85% +0.21
HLMN Hillman Solutions Corp. Add +1.2% 1.43% +0.16
MSA Msa Safety Inc. Add +63.0% 0.27% +0.12
SITE Siteone Landscape Supply Inc. Add +0.8% 2.81% +0.12
FSS Federal Signal Corp. Add +0.1% 1.66% +0.10
BCPC Balchem Corp. Add +3.9% 2.52% +0.10
GNRC Generac Holdings Inc. Add +59.7% 0.24% +0.08
RGEN Repligen Corp. Add +5.3% 1.99% +0.07
BFAM Bright Horizons Family Solut Add +5.5% 0.32% +0.06
MODN Model N Inc. Add +0.8% 1.59% +0.04
GGG Graco Inc. Add +5.2% 0.49% +0.04
ROL Rollins Inc. Add +5.3% 0.57% +0.04
HEI.A Heico Corp. Class A Add +5.3% 0.41% +0.04
JBTM JBT Marel Corp. Add +0.7% 1.41% +0.03
WDFC WD-40 Co. Add +0.6% 1.16% +0.03
NOVT Novanta Inc. Add +0.9% 3.28% +0.03
JKHY Jack Henry & Associates Inc. Add +5.4% 0.40% +0.03
GWRE Guidewire Software Inc. Add +5.5% 0.34% +0.03
EVI Evi Industries Inc. Add +6.6% 0.23% +0.02
MTN Vail Resorts Inc. Add +5.7% 0.26% +0.02
BWMN Bowman Consulting Group Ltd. New 0.01% +0.01
TYL Tyler Technologies Inc. Add +5.3% 0.46% +0.01
POOL Pool Corp. Add +5.3% 0.47% +0.01
MLAB Mesa Laboratories Inc. Add +0.4% 0.92% +0.01
WSO Watsco Inc. Add +5.3% 0.51% +0.01
PLMR Palomar Holdings Inc. Add +1.0% 0.03% +0.01
SSD Simpson Manufacturing Co. Inc. Add +0.4% 4.09% +0.01
IRMD Iradimed Corp. Add +75.3% 0.02% +0.01
CGNX Cognex Corp. Add +5.7% 0.17% +0.01
WLDN Willdan Group Inc. Add +1.0% 0.02% +0.01
NVDA Nvidia Corp. New 0.00% +0.00
ONT Onterris Inc. Add +1.0% 0.02% +0.00
USPH U.S. Physical Therapy Inc. Add +1.0% 0.02% +0.00
TCYSF Tecsys Inc. Add +1.0% 0.03% +0.00
LSPD Lightspeed Commerce Inc. New 0.00% +0.00
PL Planet Labs PBC Add +15.3% 0.01% +0.00
CYRX Cryoport Inc. Add +1.0% 0.02% +0.00
BLFS Biolife Solutions Inc. Add +1.0% 0.02% +0.00
VEEV Veeva Systems Inc. Class A Add +0.5% 0.01% +0.00
CSGP Costar Group Inc. Add +0.3% 0.02% +0.00
IIIV I3 Verticals Inc. Class A Add +0.9% 0.02% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 109$4.6BCWST, RBC, NOVT, BCPC, MRCY
Q1 2026 114$5.0BRBC, CWST, BCPC, FSV, ROAD
Q4 2025 121$5.9BCWST, RBC, DSGX, ROAD, CSW
Q3 2025 122$6.2BCWST, ROAD, DSGX, RBC, FSV
Q2 2025 122$6.8BCWST, ROAD, DSGX, RBC, FSV
Q1 2025 123$6.6BCWST, DSGX, ROAD, FSV, MMSI
Q4 2024 124$7.5BDSGX, CWST, ROAD, FSV, EXPO
Q3 2024 121$7.4BDSGX, EXPO, CWST, SSD, FSV
Q2 2024 130$6.7BCWST, DSGX, EXPO, ALTR, SSD
Q1 2024 131$6.9BCWST, SSD, DSGX, FSV, NOVT