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

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $6.9B Q1 2024 Q2 2024: $6.7B Q2 2024 Q3 2024: $7.4B $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 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%
XYL Xylem Inc. 0.01% 4,779 $645K Reduce -2.4%
FAST Fastenal Co. 0.01% 8,885 $635K Reduce -26.5%
STE Steris PLC 0.01% 2,529 $613K Reduce -3.9%
CYRX Cryoport Inc. 0.01% 71,157 $577K No change
BRK.B Berkshire Hathaway Inc. Class B 0.01% 1,165 $536K No change
MA Mastercard Inc. Class A 0.01% 1,055 $521K No change
LIN Linde PLC 0.01% 1,035 $494K Reduce -32.6%
GOOGL Alphabet Inc. Class A 0.01% 2,930 $486K Reduce -30.7%
INTU Intuit Inc. 0.01% 765 $475K Reduce -16.4%
MTD Mettler-Toledo International 0.01% 312 $468K Reduce -3.4%
BSY Bentley Systems Inc. Class B 0.01% 8,385 $426K Add +32.0%
GOOG Alphabet Inc. Class C 0.01% 2,210 $369K Reduce -15.3%
ALGN Align Technology Inc. 0.00% 1,299 $330K Reduce -3.4%
JNJ Johnson & Johnson 0.00% 2,025 $328K Reduce -17.7%
AAPL Apple Inc. 0.00% 1,380 $322K Reduce -52.9%
XOM Exxon Mobil Corp. 0.00% 2,484 $291K Reduce -59.3%
DHR Danaher Corp. 0.00% 1,030 $286K Add +1.5%
ITW Illinois Tool Works 0.00% 910 $238K No change
MKL Markel Group Inc. 0.00% 145 $227K Reduce -56.7%
GRMN Garmin Ltd. 0.00% 1,220 $215K Reduce -10.9%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.00% 1,730 $210K Reduce -27.3%

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

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