Conestoga Capital Advisors, LLC

Name: Conestoga Capital Advisors, LLC 13F holdings, Q2 2024
Creator: Conestoga Capital Advisors, LLC
Published: 2024-07-26

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

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%
PL Planet Labs PBC	0.01%	398,100	$740K	Reduce -0.4%
XOM Exxon Mobil Corp.	0.01%	6,109	$703K	Reduce -9.9%
LIN Linde PLC	0.01%	1,535	$674K	Reduce -31.9%
XYL Xylem Inc.	0.01%	4,894	$664K	Add +16.1%
TKNO Alpha Teknova Inc.	0.01%	453,899	$622K	Add +81.6%
AAPL Apple Inc.	0.01%	2,930	$617K	Reduce -42.7%
FDS Factset Research Systems Inc.	0.01%	1,474	$602K	Reduce -0.9%
INTU Intuit Inc.	0.01%	915	$601K	Reduce -30.7%
VEEV Veeva Systems Inc. Class A	0.01%	3,209	$587K	Reduce -0.6%
STE Steris PLC	0.01%	2,631	$578K	Reduce -0.9%
MKL Markel Group Inc.	0.01%	335	$528K	Reduce -26.4%
CYRX Cryoport Inc.	0.01%	71,157	$492K	Reduce -0.4%
GOOG Alphabet Inc. Class C	0.01%	2,610	$479K	Reduce -1.7%
BRK.B Berkshire Hathaway Inc. Class B	0.01%	1,165	$474K	Add +6.9%
MA Mastercard Inc. Class A	0.01%	1,055	$465K	Add +5.0%
MTD Mettler-Toledo International	0.01%	323	$451K	Reduce -0.6%
NVDA Nvidia Corp.	0.01%	3,500	$432K	No change
JNJ Johnson & Johnson	0.01%	2,460	$360K	Reduce -13.4%
ALGN Align Technology Inc.	0.00%	1,344	$324K	Reduce -14.6%
BSY Bentley Systems Inc. Class B	0.00%	6,350	$313K	Reduce -0.3%
SJM The JM Smucker Co. filed as SMUCKER J M CO	0.00%	2,380	$260K	Reduce -26.5%
WTRG Essential Utilities Inc.	0.00%	6,937	$259K	Reduce -47.0%
PEP Pepsico Inc.	0.00%	1,555	$256K	Add +7.2%
DHR Danaher Corp.	0.00%	1,015	$254K	Add +12.2%
PNC PNC Financial Services Group	0.00%	1,600	$249K	New
HD Home Depot Inc.	0.00%	655	$225K	Reduce -45.6%
GRMN Garmin Ltd.	0.00%	1,370	$223K	Reduce -48.7%
ITW Illinois Tool Works	0.00%	910	$216K	Reduce -5.2%
PCOR Procore Technologies Inc.	0.00%	3,125	$207K	Reduce -0.5%
NKE Nike Inc. Class B	0.00%	2,705	$204K	Add +6.3%

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