Conestoga Capital Advisors, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 28, 2024), Conestoga Capital Advisors, LLC reported 121 stock positions worth $7.4 billion. Its top holding was Descartes Systems Grp (DSGX) at 4.4% of the portfolio, followed by Exponent (EXPO, 4.4%) and Casella Waste Systems Class A (CWST, 4.4%). Compared with Q2 2024, it opened 2 new positions, sold out of 11, added to 53 and reduced 49. The biggest buy was CSW Industrials (CSW, shares +2%) and the biggest sale an exit from Pros (PRO).
- Most Recent 13F
- Q2 2026
- Location
- WAYNE, PA
- CIK
- 0001163744
- Portfolio Value
- $7.4B (Q3 2024)
- SEC Filing
- 0001085146-24-005191 ↗ filed Oct 28, 2024
Holdings Value
Holdings 121 stocks · $7.4B
| DSGX The Descartes Systems Grp | 4.43% | 3,168,594 | $326.2M | Add +1.7% |
| EXPO Exponent Inc. | 4.39% | 2,806,517 | $323.5M | Add +1.6% |
| CWST Casella Waste Systems Inc. Class A | 4.38% | 3,243,700 | $322.7M | Reduce -4.2% |
| SSD Simpson Manufacturing Co. Inc. | 3.69% | 1,421,930 | $272.0M | Add +1.7% |
| FSV Firstservice Corp. | 3.59% | 1,449,933 | $264.6M | Add +1.6% |
| ROAD Construction Partners Inc. Class A | 3.34% | 3,528,962 | $246.3M | Reduce -14.7% |
| SPSC SPS Commerce Inc. | 3.29% | 1,248,581 | $242.4M | Add +1.7% |
| NOVT Novanta Inc. | 3.28% | 1,350,651 | $241.7M | Add +1.6% |
| ALTR Altair Engineering Inc. Class A | 3.27% | 2,522,551 | $240.9M | Add +1.4% |
| AAON Aaon Inc. | 3.11% | 2,125,186 | $229.2M | Add +1.9% |
| MMSI Merit Medical Systems Inc. | 3.07% | 2,289,148 | $226.2M | Add +1.7% |
| RBC RBC Bearings Inc. | 3.01% | 740,842 | $221.8M | Add +1.7% |
| CSW CSW Industrials Inc. | 2.87% | 577,037 | $211.4M | Add +1.7% |
| BCPC Balchem Corp. | 2.81% | 1,175,569 | $206.9M | Add +1.8% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 2.50% | 2,308,194 | $184.1M | Add +1.5% |
| LMAT Lemaitre Vascular Inc. | 2.49% | 1,978,351 | $183.8M | Add +1.9% |
| SITE Siteone Landscape Supply Inc. | 2.33% | 1,136,729 | $171.5M | Reduce -0.4% |
| CWAN Clearwater Analytics HDS-A | 2.32% | 6,778,457 | $171.2M | Add +1.6% |
| STVN Stevanato Group SPA | 2.08% | 7,675,910 | $153.5M | Add +5.5% |
| NEOG Neogen Corp. | 1.99% | 8,706,224 | $146.4M | Add +24.5% |
| RGEN Repligen Corp. | 1.90% | 940,710 | $140.0M | Reduce -0.7% |
| ESE Esco Technologies Inc. | 1.83% | 1,047,741 | $135.1M | Add +1.8% |
| TREX Trex Company Inc. | 1.76% | 1,950,343 | $129.9M | Reduce -1.2% |
| FSS Federal Signal Corp. | 1.76% | 1,389,045 | $129.8M | Add +2.6% |
| TRNS Transcat Inc. | 1.49% | 907,191 | $109.6M | Add +17.9% |
| CCC CCC Intelligent Solutions Ho | 1.43% | 9,508,085 | $105.1M | Add +18.7% |
| SPXC SPX Technologies Inc. | 1.36% | 627,260 | $100.0M | Add +74.6% |
| BL Blackline Inc. | 1.32% | 1,759,098 | $97.0M | Add +24.9% |
| DGII Digi International Inc. | 1.25% | 3,350,966 | $92.3M | Reduce -7.4% |
| HLMN Hillman Solutions Corp. | 1.22% | 8,538,874 | $90.2M | Reduce -11.2% |
| VERX Vertex Inc. Class A | 1.19% | 2,280,290 | $87.8M | Reduce -18.7% |
| VCEL Vericel Corp. | 1.19% | 2,075,730 | $87.7M | Add +1.7% |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 1.15% | 857,345 | $84.5M | Reduce -9.9% |
| WDFC WD-40 Co. | 1.13% | 321,760 | $83.0M | Add +1.7% |
| HLIO Helios Technologies Inc. | 1.11% | 1,720,401 | $82.1M | Reduce -14.3% |
| WK Workiva Inc. | 1.10% | 1,024,709 | $81.1M | Reduce -13.8% |
| PYCR Paycor HCM Inc. | 1.08% | 5,601,258 | $79.5M | Reduce -18.1% |
| MSA Msa Safety Inc. | 1.06% | 440,316 | $78.1M | Add +43.5% |
| MLAB Mesa Laboratories Inc. | 0.93% | 529,110 | $68.7M | Reduce -7.6% |
| SLP Simulations Plus Inc. | 0.84% | 1,935,848 | $62.0M | Reduce -14.5% |
| TYL Tyler Technologies Inc. | 0.70% | 88,031 | $51.4M | Add +0.8% |
| ROL Rollins Inc. | 0.69% | 1,009,570 | $51.1M | Add +0.7% |
| MRCY Mercury Systems Inc. | 0.67% | 1,329,265 | $49.2M | Add +1.6% |
| WSO Watsco Inc. | 0.64% | 96,532 | $47.5M | Add +0.9% |
| AZTA Azenta Inc. | 0.63% | 956,051 | $46.3M | Reduce -25.5% |
| HEI.A Heico Corp. Class A | 0.61% | 219,128 | $44.6M | Add +0.7% |
| FOXF Fox Factory Holding Corp. | 0.60% | 1,072,554 | $44.5M | Reduce -5.3% |
| GWRE Guidewire Software Inc. | 0.58% | 235,075 | $43.0M | Add +0.8% |
| AXON Axon Enterprise Inc. | 0.52% | 96,453 | $38.5M | Reduce -18.8% |
| GGG Graco Inc. | 0.50% | 425,119 | $37.2M | Add +0.8% |
| POOL Pool Corp. | 0.48% | 94,698 | $35.7M | Add +0.9% |
| ULS Ul Solutions Inc. Class A | 0.47% | 708,513 | $34.9M | Add +2.3% |
| BFAM Bright Horizons Family Solut | 0.45% | 237,260 | $33.2M | Add +1.0% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.44% | 185,070 | $32.7M | Add +0.9% |
| AGYS Agilysys Inc. | 0.42% | 285,071 | $31.1M | Add +79.4% |
| FICO Fair Isaac Corp. | 0.38% | 14,281 | $27.8M | Reduce -32.3% |
| TECH Bio-Techne Corp. | 0.34% | 314,097 | $25.1M | Add +1.0% |
| GNRC Generac Holdings Inc. | 0.34% | 155,572 | $24.7M | Add +1.0% |
| LCII Lci Industries | 0.27% | 163,006 | $19.6M | Add +26.5% |
| TFX Teleflex Inc. | 0.24% | 71,632 | $17.7M | Reduce -3.0% |
| MTN Vail Resorts Inc. | 0.22% | 94,339 | $16.4M | Add +0.5% |
| IT Gartner Inc. | 0.21% | 31,146 | $15.8M | Add +0.8% |
| EVI Evi Industries Inc. | 0.20% | 775,266 | $15.0M | Add +1.3% |
| CGNX Cognex Corp. | 0.18% | 324,909 | $13.2M | Add +1.0% |
| WST West Pharmaceutical Services | 0.17% | 42,077 | $12.6M | Add +0.6% |
| PLMR Palomar Holdings Inc. | 0.03% | 24,825 | $2.4M | No change |
| TCYSF Tecsys Inc. | 0.03% | 63,930 | $1.9M | No change |
| WLDN Willdan Group Inc. | 0.02% | 44,213 | $1.8M | Reduce -20.5% |
| PHR Phreesia Inc. | 0.02% | 78,085 | $1.8M | No change |
| BLFS Biolife Solutions Inc. | 0.02% | 65,237 | $1.6M | No change |
| ERII Energy Recovery Inc. | 0.02% | 89,695 | $1.6M | No change |
| OLO Olo Inc. Class A | 0.02% | 310,310 | $1.5M | No change |
| IIIV I3 Verticals Inc. Class A | 0.02% | 70,002 | $1.5M | No change |
| TKNO Alpha Teknova Inc. | 0.02% | 305,129 | $1.5M | Reduce -32.8% |
| NVEE NV5 Global Inc. | 0.02% | 15,738 | $1.5M | No change |
| KIDS Orthopediatrics Corp. | 0.02% | 53,853 | $1.5M | Add +11.1% |
| VRSK Verisk Analytics Inc. | 0.02% | 5,365 | $1.4M | Reduce -6.9% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.02% | 52,695 | $1.4M | Add +26.8% |
| IRMD Iradimed Corp. | 0.02% | 27,555 | $1.4M | No change |
| UTI Universal Technical Institut | 0.02% | 85,110 | $1.4M | Add +9.4% |
| CPRT Copart Inc. | 0.02% | 24,318 | $1.3M | Reduce -3.7% |
| USPH U.S. Physical Therapy Inc. | 0.02% | 15,025 | $1.3M | No change |
| MAMA Mama's Creations Inc. | 0.02% | 165,100 | $1.2M | New |
| CSGP Costar Group Inc. | 0.02% | 15,185 | $1.1M | Reduce -2.6% |
| MSFT Microsoft Corp. | 0.02% | 2,662 | $1.1M | No change |
| ANSS Ansys Inc. | 0.02% | 3,561 | $1.1M | Reduce -7.3% |
| BWMN Bowman Consulting Group Ltd. | 0.02% | 46,970 | $1.1M | Add +21.3% |
| PL Planet Labs PBC | 0.01% | 495,450 | $1.1M | Add +24.4% |
| WCN Waste Connections Inc. | 0.01% | 5,929 | $1.1M | Reduce -3.8% |
| COCO The Vita Coco Co. Inc. | 0.01% | 35,670 | $1.0M | New |
| ROP Roper Technologies Inc. | 0.01% | 1,764 | $982K | Reduce -12.6% |
| COST Costco Wholesale Corp. | 0.01% | 1,065 | $944K | Reduce -30.2% |
| THBRF Thunderbird Entertainment GR | 0.01% | 616,795 | $931K | No change |
| SSTI Soundthinking Inc. | 0.01% | 75,360 | $873K | No change |
| IDXX Idexx Laboratories Inc. | 0.01% | 1,629 | $823K | Reduce -5.0% |
| FTNT Fortinet Inc. | 0.01% | 10,114 | $784K | Reduce -26.9% |
| SPGI S&P Global Inc. | 0.01% | 1,476 | $763K | Reduce -28.0% |
| TSCO Tractor Supply Company | 0.01% | 2,619 | $762K | Reduce -19.0% |
| FDS Factset Research Systems Inc. | 0.01% | 1,437 | $661K | Reduce -2.5% |
| VEEV Veeva Systems Inc. Class A | 0.01% | 3,079 | $646K | Reduce -4.0% |
Portfolio Sells Q2 2024 → Q3 2024
| PRO Pros Holdings Inc. | Sold out | 0.00% | −1.40 |
| SLP Simulations Plus Inc. | Reduce -14.5% | 0.84% | −0.81 |
| CWST Casella Waste Systems Inc. Class A | Reduce -4.2% | 4.38% | −0.66 |
| TREX Trex Company Inc. | Reduce -1.2% | 1.76% | −0.43 |
| AZTA Azenta Inc. | Reduce -25.5% | 0.63% | −0.38 |
| VERX Vertex Inc. Class A | Reduce -18.7% | 1.19% | −0.32 |
| HLIO Helios Technologies Inc. | Reduce -14.3% | 1.11% | −0.32 |
| PYCR Paycor HCM Inc. | Reduce -18.1% | 1.08% | −0.22 |
| FOXF Fox Factory Holding Corp. | Reduce -5.3% | 0.60% | −0.21 |
| JBTM JBT Marel Corp. | Reduce -9.9% | 1.15% | −0.21 |
| WK Workiva Inc. | Reduce -13.8% | 1.10% | −0.20 |
| FIVN FIVE9 Inc. | Sold out | 0.00% | −0.11 |
| FICO Fair Isaac Corp. | Reduce -32.3% | 0.38% | −0.09 |
| ROAD Construction Partners Inc. Class A | Reduce -14.7% | 3.34% | −0.08 |
| HLMN Hillman Solutions Corp. | Reduce -11.2% | 1.22% | −0.05 |
| OFLX Omega Flex Inc. | Sold out | 0.00% | −0.03 |
| NRC NRC Health | Sold out | 0.00% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -30.2% | 0.01% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -59.3% | 0.00% | −0.01 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -30.7% | 0.01% | −0.01 |
| AAPL Apple Inc. | Reduce -52.9% | 0.00% | −0.00 |
| MKL Markel Group Inc. | Reduce -56.7% | 0.00% | −0.00 |
| WTRG Essential Utilities Inc. | Sold out | 0.00% | −0.00 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.00 |
| VRSK Verisk Analytics Inc. | Reduce -6.9% | 0.02% | −0.00 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.00 |
| ROP Roper Technologies Inc. | Reduce -12.6% | 0.01% | −0.00 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.00 |
| SPGI S&P Global Inc. | Reduce -28.0% | 0.01% | −0.00 |
| LIN Linde PLC | Reduce -32.6% | 0.01% | −0.00 |
| CPRT Copart Inc. | Reduce -3.7% | 0.02% | −0.00 |
| ANSS Ansys Inc. | Reduce -7.3% | 0.02% | −0.00 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.00 |
| PCOR Procore Technologies Inc. | Sold out | 0.00% | −0.00 |
| FAST Fastenal Co. | Reduce -26.5% | 0.01% | −0.00 |
| TSCO Tractor Supply Company | Reduce -19.0% | 0.01% | −0.00 |
| INTU Intuit Inc. | Reduce -16.4% | 0.01% | −0.00 |
| GOOG Alphabet Inc. Class C | Reduce -15.3% | 0.01% | −0.00 |
| FTNT Fortinet Inc. | Reduce -26.9% | 0.01% | −0.00 |
| CSGP Costar Group Inc. | Reduce -2.6% | 0.02% | −0.00 |
| WCN Waste Connections Inc. | Reduce -3.8% | 0.01% | −0.00 |
| IDXX Idexx Laboratories Inc. | Reduce -5.0% | 0.01% | −0.00 |
| XYL Xylem Inc. | Reduce -2.4% | 0.01% | −0.00 |
| SJM The JM Smucker Co. | Reduce -27.3% | 0.00% | −0.00 |
| JNJ Johnson & Johnson | Reduce -17.7% | 0.00% | −0.00 |
| AXON Axon Enterprise Inc. | Reduce -18.8% | 0.52% | −0.00 |
| ALGN Align Technology Inc. | Reduce -3.4% | 0.00% | −0.00 |
| MTD Mettler-Toledo International | Reduce -3.4% | 0.01% | −0.00 |
| GRMN Garmin Ltd. | Reduce -10.9% | 0.00% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| CSW CSW Industrials Inc. | Add +1.7% | 2.87% | +0.61 |
| SPXC SPX Technologies Inc. | Add +74.6% | 1.36% | +0.59 |
| CWAN Clearwater Analytics HDS-A | Add +1.6% | 2.32% | +0.47 |
| EXPO Exponent Inc. | Add +1.6% | 4.39% | +0.45 |
| QTWO Q2 Holdings Inc. | Add +1.5% | 2.50% | +0.44 |
| AAON Aaon Inc. | Add +1.9% | 3.11% | +0.38 |
| NEOG Neogen Corp. | Add +24.5% | 1.99% | +0.35 |
| FSV Firstservice Corp. | Add +1.6% | 3.59% | +0.33 |
| BL Blackline Inc. | Add +24.9% | 1.32% | +0.29 |
| ESE Esco Technologies Inc. | Add +1.8% | 1.83% | +0.21 |
| MSA Msa Safety Inc. | Add +43.5% | 1.06% | +0.20 |
| AGYS Agilysys Inc. | Add +79.4% | 0.42% | +0.17 |
| MMSI Merit Medical Systems Inc. | Add +1.7% | 3.07% | +0.17 |
| SSD Simpson Manufacturing Co. Inc. | Add +1.7% | 3.69% | +0.16 |
| BCPC Balchem Corp. | Add +1.8% | 2.81% | +0.14 |
| MRCY Mercury Systems Inc. | Add +1.6% | 0.67% | +0.14 |
| TRNS Transcat Inc. | Add +17.9% | 1.49% | +0.11 |
| GWRE Guidewire Software Inc. | Add +0.8% | 0.58% | +0.10 |
| LMAT Lemaitre Vascular Inc. | Add +1.9% | 2.49% | +0.10 |
| CCC CCC Intelligent Solutions Ho | Add +18.7% | 1.43% | +0.09 |
| WDFC WD-40 Co. | Add +1.7% | 1.13% | +0.08 |
| STVN Stevanato Group SPA | Add +5.5% | 2.08% | +0.08 |
| LCII Lci Industries | Add +26.5% | 0.27% | +0.07 |
| BFAM Bright Horizons Family Solut | Add +1.0% | 0.45% | +0.06 |
| FSS Federal Signal Corp. | Add +2.6% | 1.76% | +0.06 |
| RBC RBC Bearings Inc. | Add +1.7% | 3.01% | +0.06 |
| POOL Pool Corp. | Add +0.9% | 0.48% | +0.05 |
| TYL Tyler Technologies Inc. | Add +0.8% | 0.70% | +0.04 |
| ULS Ul Solutions Inc. Class A | Add +2.3% | 0.47% | +0.04 |
| GNRC Generac Holdings Inc. | Add +1.0% | 0.34% | +0.03 |
| NOVT Novanta Inc. | Add +1.6% | 3.28% | +0.03 |
| HEI.A Heico Corp. Class A | Add +0.7% | 0.61% | +0.03 |
| MAMA Mama's Creations Inc. | New | 0.02% | +0.02 |
| COCO The Vita Coco Co. Inc. | New | 0.01% | +0.01 |
| TECH Bio-Techne Corp. | Add +1.0% | 0.34% | +0.01 |
| IT Gartner Inc. | Add +0.8% | 0.21% | +0.01 |
| PL Planet Labs PBC | Add +24.4% | 0.01% | +0.00 |
| GGG Graco Inc. | Add +0.8% | 0.50% | +0.00 |
| BSY Bentley Systems Inc. Class B | Add +32.0% | 0.01% | +0.00 |
| UTI Universal Technical Institut | Add +9.4% | 0.02% | +0.00 |
| DHR Danaher Corp. | Add +1.5% | 0.00% | +0.00 |
| KIDS Orthopediatrics Corp. | Add +11.1% | 0.02% | −0.00 |
| BWMN Bowman Consulting Group Ltd. | Add +21.3% | 0.02% | −0.00 |
| ONT Onterris Inc. | Add +26.8% | 0.02% | −0.01 |
| JKHY Jack Henry & Associates Inc. | Add +0.9% | 0.44% | −0.01 |
| EVI Evi Industries Inc. | Add +1.3% | 0.20% | −0.01 |
| WSO Watsco Inc. | Add +0.9% | 0.64% | −0.02 |
| MTN Vail Resorts Inc. | Add +0.5% | 0.22% | −0.03 |
| WST West Pharmaceutical Services | Add +0.6% | 0.17% | −0.04 |
| ROL Rollins Inc. | Add +0.7% | 0.69% | −0.04 |
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 |