Conestoga Capital Advisors, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 26, 2024), Conestoga Capital Advisors, LLC reported 130 stock positions worth $6.7 billion. Its top holding was Casella Waste Systems Class A (CWST) at 5.0% of the portfolio, followed by Descartes Systems Grp (DSGX, 4.5%) and Exponent (EXPO, 3.9%). Compared with Q1 2024, it opened 6 new positions, sold out of 7, added to 64 and reduced 58. The biggest buy was a new position in SPX Technologies (SPXC) and the biggest sale an exit from Model N (MODN).
- Most Recent 13F
- Q2 2026
- Location
- WAYNE, PA
- CIK
- 0001163744
- Portfolio Value
- $6.7B (Q2 2024)
- SEC Filing
- 0001085146-24-003273 ↗ filed Jul 26, 2024
Holdings Value
Holdings 130 stocks · $6.7B
| CWST Casella Waste Systems Inc. Class A | 5.04% | 3,386,970 | $336.1M | Add +3.1% |
| DSGX The Descartes Systems Grp | 4.52% | 3,116,109 | $301.8M | Add +2.2% |
| EXPO Exponent Inc. | 3.94% | 2,763,260 | $262.8M | Add +2.8% |
| ALTR Altair Engineering Inc. Class A | 3.66% | 2,488,566 | $244.1M | Add +2.0% |
| SSD Simpson Manufacturing Co. Inc. | 3.53% | 1,397,677 | $235.6M | Add +1.4% |
| SPSC SPS Commerce Inc. | 3.46% | 1,227,411 | $230.9M | Add +2.4% |
| ROAD Construction Partners Inc. Class A | 3.42% | 4,135,202 | $228.3M | Add +3.0% |
| FSV Firstservice Corp. | 3.26% | 1,426,851 | $217.4M | Add +3.2% |
| NOVT Novanta Inc. | 3.25% | 1,329,826 | $216.9M | Add +2.4% |
| RBC RBC Bearings Inc. | 2.95% | 728,467 | $196.5M | Add +3.5% |
| MMSI Merit Medical Systems Inc. | 2.90% | 2,250,368 | $193.4M | Add +3.5% |
| AAON Aaon Inc. | 2.73% | 2,086,127 | $182.0M | Reduce -19.0% |
| BCPC Balchem Corp. | 2.67% | 1,155,209 | $177.8M | Add +2.6% |
| LMAT Lemaitre Vascular Inc. | 2.39% | 1,941,501 | $159.7M | Add +0.4% |
| CSW CSW Industrials Inc. | 2.26% | 567,256 | $150.5M | Add +2.7% |
| TREX Trex Company Inc. | 2.19% | 1,973,668 | $146.3M | Add +3.2% |
| SITE Siteone Landscape Supply Inc. | 2.08% | 1,141,624 | $138.6M | Add +2.5% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 2.06% | 2,273,894 | $137.2M | Add +2.5% |
| STVN Stevanato Group SPA | 2.00% | 7,275,823 | $133.4M | Add +7.3% |
| CWAN Clearwater Analytics HDS-A | 1.85% | 6,671,247 | $123.6M | Add +2.5% |
| RGEN Repligen Corp. | 1.79% | 946,877 | $119.4M | Add +26.7% |
| FSS Federal Signal Corp. | 1.70% | 1,353,878 | $113.3M | Add +0.2% |
| SLP Simulations Plus Inc. | 1.65% | 2,263,664 | $110.1M | Reduce 0.0% |
| NEOG Neogen Corp. | 1.64% | 6,994,986 | $109.3M | Add +1.9% |
| ESE Esco Technologies Inc. | 1.62% | 1,029,065 | $108.1M | Add +0.3% |
| VERX Vertex Inc. Class A | 1.52% | 2,805,785 | $101.1M | Reduce -0.0% |
| HLIO Helios Technologies Inc. | 1.44% | 2,008,286 | $95.9M | Reduce -0.1% |
| VCEL Vericel Corp. | 1.40% | 2,041,370 | $93.7M | Reduce -12.4% |
| PRO Pros Holdings Inc. | 1.40% | 3,263,974 | $93.5M | Reduce -0.2% |
| TRNS Transcat Inc. | 1.38% | 769,361 | $92.1M | Add +0.3% |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 1.35% | 951,534 | $90.4M | Add +2.7% |
| CCC CCC Intelligent Solutions Ho | 1.33% | 8,009,885 | $89.0M | Add +26.9% |
| PYCR Paycor HCM Inc. | 1.30% | 6,841,396 | $86.9M | Add +2.8% |
| WK Workiva Inc. | 1.30% | 1,188,445 | $86.7M | Add +2.8% |
| HLMN Hillman Solutions Corp. | 1.28% | 9,618,653 | $85.1M | Add +3.5% |
| DGII Digi International Inc. | 1.24% | 3,618,030 | $83.0M | Reduce -0.0% |
| WDFC WD-40 Co. | 1.04% | 316,379 | $69.5M | Add +0.0% |
| BL Blackline Inc. | 1.02% | 1,408,955 | $68.3M | Add +0.1% |
| AZTA Azenta Inc. | 1.01% | 1,283,239 | $67.5M | Reduce -0.0% |
| MSA Msa Safety Inc. | 0.86% | 306,943 | $57.6M | Add +219.8% |
| FOXF Fox Factory Holding Corp. | 0.82% | 1,132,449 | $54.6M | Add +0.0% |
| SPXC SPX Technologies Inc. | 0.77% | 359,295 | $51.1M | New |
| MLAB Mesa Laboratories Inc. | 0.74% | 572,615 | $49.7M | Reduce -1.4% |
| ROL Rollins Inc. | 0.73% | 1,002,275 | $48.9M | Add +17.4% |
| WSO Watsco Inc. | 0.66% | 95,709 | $44.3M | Add +18.0% |
| TYL Tyler Technologies Inc. | 0.66% | 87,341 | $43.9M | Add +17.8% |
| HEI.A Heico Corp. Class A | 0.58% | 217,608 | $38.6M | Add +18.4% |
| MRCY Mercury Systems Inc. | 0.53% | 1,308,965 | $35.3M | Add +3.1% |
| AXON Axon Enterprise Inc. | 0.52% | 118,718 | $34.9M | Add +17.9% |
| GGG Graco Inc. | 0.50% | 421,754 | $33.4M | Add +17.1% |
| GWRE Guidewire Software Inc. | 0.48% | 233,197 | $32.2M | Add +16.8% |
| FICO Fair Isaac Corp. | 0.47% | 21,107 | $31.4M | Add +18.6% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.46% | 183,412 | $30.5M | Add +16.0% |
| ULS Ul Solutions Inc. Class A | 0.44% | 692,791 | $29.2M | New |
| POOL Pool Corp. | 0.43% | 93,845 | $28.8M | Add +16.1% |
| BFAM Bright Horizons Family Solut | 0.39% | 234,862 | $25.9M | Add +18.8% |
| TECH Bio-Techne Corp. | 0.33% | 311,037 | $22.3M | Add +17.7% |
| GNRC Generac Holdings Inc. | 0.31% | 153,999 | $20.4M | Add +17.4% |
| MTN Vail Resorts Inc. | 0.25% | 93,894 | $16.9M | Add +16.7% |
| AGYS Agilysys Inc. | 0.25% | 158,878 | $16.5M | New |
| TFX Teleflex Inc. | 0.23% | 73,829 | $15.5M | Add +18.5% |
| CGNX Cognex Corp. | 0.23% | 321,549 | $15.0M | Add +15.0% |
| EVI Evi Industries Inc. | 0.22% | 765,651 | $14.5M | Add +18.3% |
| IT Gartner Inc. | 0.21% | 30,893 | $13.9M | Add +16.8% |
| WST West Pharmaceutical Services | 0.21% | 41,817 | $13.8M | Add +17.1% |
| LCII Lci Industries | 0.20% | 128,896 | $13.3M | Add +16.1% |
| FIVN FIVE9 Inc. | 0.11% | 166,238 | $7.3M | Add +14.8% |
| OFLX Omega Flex Inc. | 0.03% | 41,700 | $2.1M | Reduce -86.0% |
| PLMR Palomar Holdings Inc. | 0.03% | 24,825 | $2.0M | Reduce -9.4% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.03% | 41,550 | $1.9M | Reduce -0.4% |
| PHR Phreesia Inc. | 0.02% | 78,085 | $1.7M | No change |
| WLDN Willdan Group Inc. | 0.02% | 55,613 | $1.6M | Reduce -0.4% |
| TCYSF Tecsys Inc. | 0.02% | 63,930 | $1.6M | Reduce -0.4% |
| VRSK Verisk Analytics Inc. | 0.02% | 5,765 | $1.6M | Reduce -0.6% |
| IIIV I3 Verticals Inc. Class A | 0.02% | 70,002 | $1.5M | Reduce -0.3% |
| NVEE NV5 Global Inc. | 0.02% | 15,738 | $1.5M | Reduce -0.4% |
| BLFS Biolife Solutions Inc. | 0.02% | 65,237 | $1.4M | Reduce -0.4% |
| KIDS Orthopediatrics Corp. | 0.02% | 48,473 | $1.4M | Reduce -0.4% |
| USPH U.S. Physical Therapy Inc. | 0.02% | 15,025 | $1.4M | Reduce -0.3% |
| OLO Olo Inc. Class A | 0.02% | 310,310 | $1.4M | Add +30.6% |
| CPRT Copart Inc. | 0.02% | 25,263 | $1.4M | Reduce -1.6% |
| COST Costco Wholesale Corp. | 0.02% | 1,525 | $1.3M | Reduce -23.2% |
| ANSS Ansys Inc. | 0.02% | 3,842 | $1.2M | Reduce -12.9% |
| BWMN Bowman Consulting Group Ltd. | 0.02% | 38,725 | $1.2M | Add +31.1% |
| UTI Universal Technical Institut | 0.02% | 77,790 | $1.2M | New |
| IRMD Iradimed Corp. | 0.02% | 27,555 | $1.2M | Reduce -0.4% |
| ERII Energy Recovery Inc. | 0.02% | 89,695 | $1.2M | New |
| MSFT Microsoft Corp. | 0.02% | 2,662 | $1.2M | Reduce -6.9% |
| CSGP Costar Group Inc. | 0.02% | 15,590 | $1.2M | Reduce -0.4% |
| ROP Roper Technologies Inc. | 0.02% | 2,019 | $1.1M | Reduce -5.6% |
| NRC NRC Health filed as NATIONAL RESH CORP | 0.02% | 47,655 | $1.1M | Reduce -93.9% |
| WCN Waste Connections Inc. | 0.02% | 6,161 | $1.1M | Reduce -1.5% |
| SSTI Soundthinking Inc. | 0.01% | 75,360 | $918K | Reduce -0.4% |
| SPGI S&P Global Inc. | 0.01% | 2,050 | $914K | Reduce -24.1% |
| TSCO Tractor Supply Company | 0.01% | 3,234 | $873K | Reduce -23.0% |
| IDXX Idexx Laboratories Inc. | 0.01% | 1,714 | $835K | Reduce -0.9% |
| FTNT Fortinet Inc. | 0.01% | 13,834 | $834K | Reduce -10.4% |
| THBRF Thunderbird Entertainment GR | 0.01% | 616,795 | $777K | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 0.01% | 4,230 | $770K | Reduce -19.5% |
| FAST Fastenal Co. | 0.01% | 12,085 | $759K | Reduce -24.9% |
Portfolio Sells Q1 2024 → Q2 2024
| MODN Model N Inc. | Sold out | 0.00% | −1.59 |
| DH Definitive Healthcare Corp. | Sold out | 0.00% | −0.65 |
| AAON Aaon Inc. | Reduce -19.0% | 2.73% | −0.55 |
| NRC NRC Health | Reduce -93.9% | 0.02% | −0.43 |
| DGII Digi International Inc. | Reduce -0.0% | 1.24% | −0.43 |
| VCEL Vericel Corp. | Reduce -12.4% | 1.40% | −0.35 |
| PRO Pros Holdings Inc. | Reduce -0.2% | 1.40% | −0.32 |
| OFLX Omega Flex Inc. | Reduce -86.0% | 0.03% | −0.27 |
| MLAB Mesa Laboratories Inc. | Reduce -1.4% | 0.74% | −0.18 |
| AZTA Azenta Inc. | Reduce -0.0% | 1.01% | −0.11 |
| CYRX Cryoport Inc. | Reduce -0.4% | 0.01% | −0.01 |
| FAST Fastenal Co. | Reduce -24.9% | 0.01% | −0.01 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.01 |
| LIN Linde PLC | Reduce -31.9% | 0.01% | −0.01 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.00 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.00 |
| CSGP Costar Group Inc. | Reduce -0.4% | 0.02% | −0.00 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.00 |
| USPH U.S. Physical Therapy Inc. | Reduce -0.3% | 0.02% | −0.00 |
| ANSS Ansys Inc. | Reduce -12.9% | 0.02% | −0.00 |
| PL Planet Labs PBC | Reduce -0.4% | 0.01% | −0.00 |
| SSTI Soundthinking Inc. | Reduce -0.4% | 0.01% | −0.00 |
| AAPL Apple Inc. | Reduce -42.7% | 0.01% | −0.00 |
| INTU Intuit Inc. | Reduce -30.7% | 0.01% | −0.00 |
| HD Home Depot Inc. | Reduce -45.6% | 0.00% | −0.00 |
| WTRG Essential Utilities Inc. | Reduce -47.0% | 0.00% | −0.00 |
| PLMR Palomar Holdings Inc. | Reduce -9.4% | 0.03% | −0.00 |
| SPGI S&P Global Inc. | Reduce -24.1% | 0.01% | −0.00 |
| TSCO Tractor Supply Company | Reduce -23.0% | 0.01% | −0.00 |
| FTNT Fortinet Inc. | Reduce -10.4% | 0.01% | −0.00 |
| ALGN Align Technology Inc. | Reduce -14.6% | 0.00% | −0.00 |
| TCYSF Tecsys Inc. | Reduce -0.4% | 0.02% | −0.00 |
| GRMN Garmin Ltd. | Reduce -48.7% | 0.00% | −0.00 |
| MKL Markel Group Inc. | Reduce -26.4% | 0.01% | −0.00 |
| LSPD Lightspeed Commerce Inc. | Sold out | 0.00% | −0.00 |
| SJM The JM Smucker Co. | Reduce -26.5% | 0.00% | −0.00 |
| VEEV Veeva Systems Inc. Class A | Reduce -0.6% | 0.01% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -23.2% | 0.02% | −0.00 |
| THBRF Thunderbird Entertainment GR | Reduce -0.4% | 0.01% | −0.00 |
| JNJ Johnson & Johnson | Reduce -13.4% | 0.01% | −0.00 |
| CPRT Copart Inc. | Reduce -1.6% | 0.02% | −0.00 |
| IDXX Idexx Laboratories Inc. | Reduce -0.9% | 0.01% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -9.9% | 0.01% | −0.00 |
| FDS Factset Research Systems Inc. | Reduce -0.9% | 0.01% | −0.00 |
| PCOR Procore Technologies Inc. | Reduce -0.5% | 0.00% | −0.00 |
| ITW Illinois Tool Works | Reduce -5.2% | 0.00% | −0.00 |
| NVEE NV5 Global Inc. | Reduce -0.4% | 0.02% | −0.00 |
| ROP Roper Technologies Inc. | Reduce -5.6% | 0.02% | −0.00 |
| BSY Bentley Systems Inc. Class B | Reduce -0.3% | 0.00% | −0.00 |
| IIIV I3 Verticals Inc. Class A | Reduce -0.3% | 0.02% | −0.00 |
Portfolio Buys Q1 2024 → Q2 2024
| SPXC SPX Technologies Inc. | New | 0.77% | +0.77 |
| EXPO Exponent Inc. | Add +2.8% | 3.94% | +0.73 |
| ALTR Altair Engineering Inc. Class A | Add +2.0% | 3.66% | +0.62 |
| MSA Msa Safety Inc. | Add +219.8% | 0.86% | +0.59 |
| LMAT Lemaitre Vascular Inc. | Add +0.4% | 2.39% | +0.54 |
| MMSI Merit Medical Systems Inc. | Add +3.5% | 2.90% | +0.52 |
| DSGX The Descartes Systems Grp | Add +2.2% | 4.52% | +0.49 |
| ULS Ul Solutions Inc. Class A | New | 0.44% | +0.44 |
| CSW CSW Industrials Inc. | Add +2.7% | 2.26% | +0.38 |
| QTWO Q2 Holdings Inc. | Add +2.5% | 2.06% | +0.37 |
| CWST Casella Waste Systems Inc. Class A | Add +3.1% | 5.04% | +0.34 |
| SPSC SPS Commerce Inc. | Add +2.4% | 3.46% | +0.26 |
| AGYS Agilysys Inc. | New | 0.25% | +0.25 |
| CCC CCC Intelligent Solutions Ho | Add +26.9% | 1.33% | +0.24 |
| TYL Tyler Technologies Inc. | Add +17.8% | 0.66% | +0.20 |
| RBC RBC Bearings Inc. | Add +3.5% | 2.95% | +0.19 |
| CWAN Clearwater Analytics HDS-A | Add +2.5% | 1.85% | +0.19 |
| HEI.A Heico Corp. Class A | Add +18.4% | 0.58% | +0.17 |
| ROAD Construction Partners Inc. Class A | Add +3.0% | 3.42% | +0.16 |
| ROL Rollins Inc. | Add +17.4% | 0.73% | +0.16 |
| WSO Watsco Inc. | Add +18.0% | 0.66% | +0.16 |
| FICO Fair Isaac Corp. | Add +18.6% | 0.47% | +0.15 |
| BCPC Balchem Corp. | Add +2.6% | 2.67% | +0.15 |
| GWRE Guidewire Software Inc. | Add +16.8% | 0.48% | +0.15 |
| TRNS Transcat Inc. | Add +0.3% | 1.38% | +0.14 |
| NEOG Neogen Corp. | Add +1.9% | 1.64% | +0.07 |
| AXON Axon Enterprise Inc. | Add +17.9% | 0.52% | +0.07 |
| GNRC Generac Holdings Inc. | Add +17.4% | 0.31% | +0.07 |
| TECH Bio-Techne Corp. | Add +17.7% | 0.33% | +0.07 |
| BFAM Bright Horizons Family Solut | Add +18.8% | 0.39% | +0.06 |
| JKHY Jack Henry & Associates Inc. | Add +16.0% | 0.46% | +0.06 |
| CGNX Cognex Corp. | Add +15.0% | 0.23% | +0.05 |
| FSS Federal Signal Corp. | Add +0.2% | 1.70% | +0.04 |
| ESE Esco Technologies Inc. | Add +0.3% | 1.62% | +0.03 |
| TFX Teleflex Inc. | Add +18.5% | 0.23% | +0.03 |
| IT Gartner Inc. | Add +16.8% | 0.21% | +0.03 |
| UTI Universal Technical Institut | New | 0.02% | +0.02 |
| ERII Energy Recovery Inc. | New | 0.02% | +0.02 |
| GGG Graco Inc. | Add +17.1% | 0.50% | +0.01 |
| PNC PNC Financial Services Group | New | 0.00% | +0.00 |
| BWMN Bowman Consulting Group Ltd. | Add +31.1% | 0.02% | +0.00 |
| LCII Lci Industries | Add +16.1% | 0.20% | +0.00 |
| WST West Pharmaceutical Services | Add +17.1% | 0.21% | +0.00 |
| XYL Xylem Inc. | Add +16.1% | 0.01% | +0.00 |
| OLO Olo Inc. Class A | Add +30.6% | 0.02% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.9% | 0.01% | +0.00 |
| DHR Danaher Corp. | Add +12.2% | 0.00% | +0.00 |
| PEP Pepsico Inc. | Add +7.2% | 0.00% | +0.00 |
| MA Mastercard Inc. Class A | Add +5.0% | 0.01% | 0.00 |
| TKNO Alpha Teknova Inc. | Add +81.6% | 0.01% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 109 | $4.6B | CWST, RBC, NOVT, BCPC, MRCY |
| Q1 2026 | 114 | $5.0B | RBC, CWST, BCPC, FSV, ROAD |
| Q4 2025 | 121 | $5.9B | CWST, RBC, DSGX, ROAD, CSW |
| Q3 2025 | 122 | $6.2B | CWST, ROAD, DSGX, RBC, FSV |
| Q2 2025 | 122 | $6.8B | CWST, ROAD, DSGX, RBC, FSV |
| Q1 2025 | 123 | $6.6B | CWST, DSGX, ROAD, FSV, MMSI |
| Q4 2024 | 124 | $7.5B | DSGX, CWST, ROAD, FSV, EXPO |
| Q3 2024 | 121 | $7.4B | DSGX, EXPO, CWST, SSD, FSV |
| Q2 2024 | 130 | $6.7B | CWST, DSGX, EXPO, ALTR, SSD |
| Q1 2024 | 131 | $6.9B | CWST, SSD, DSGX, FSV, NOVT |