Conestoga Capital Advisors, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 24, 2026), Conestoga Capital Advisors, LLC reported 109 stock positions worth $4.6 billion. Its top holding was Casella Waste Systems Class A (CWST) at 4.9% of the portfolio, followed by RBC Bearings (RBC, 4.6%) and Novanta (NOVT, 4.3%). Compared with Q1 2026, it opened 12 new positions, sold out of 17, added to 14 and reduced 72. The biggest buy was a new position in Kodiak Gas Services (KGS) and the biggest sale Bright Horizons Family Solut (BFAM, shares −66%).

Most Recent 13F
Q2 2026
Location
WAYNE, PA
CIK
0001163744
Portfolio Value
$4.6B (Q2 2026)
SEC Filing
0001163744-26-000020 ↗ filed Jul 24, 2026

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 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 $4.6B Q2 2026

Holdings 109 stocks · $4.6B
CWST Casella Waste Systems Inc. Class A 4.93% 2,336,156 $226.5M Reduce -16.7%
RBC RBC Bearings Inc. 4.59% 327,489 $210.9M Reduce -23.7%
NOVT Novanta Inc. 4.30% 1,217,963 $197.6M Reduce -16.0%
BCPC Balchem Corp. 4.00% 1,087,871 $183.8M Reduce -13.1%
MRCY Mercury Systems Inc. 3.96% 1,487,191 $181.9M Reduce -22.5%
FSV Firstservice Corp. 3.76% 1,216,997 $172.9M Reduce -13.4%
DGII Digi International Inc. 3.55% 2,177,359 $163.2M Reduce -27.5%
ROAD Construction Partners Inc. Class A 3.51% 1,358,962 $161.4M Reduce -17.8%
ESE Esco Technologies Inc. 3.40% 447,077 $156.5M Reduce -17.5%
MMSI Merit Medical Systems Inc. 2.99% 1,979,790 $137.3M Reduce -8.7%
SPXC SPX Technologies Inc. 2.92% 547,175 $134.2M Reduce -16.8%
RGEN Repligen Corp. 2.91% 980,983 $133.8M Reduce -10.6%
CSW CSW Industrials Inc. 2.86% 471,727 $131.3M Reduce -18.4%
LMAT Lemaitre Vascular Inc. 2.85% 1,367,513 $131.2M Reduce -7.4%
DSGX The Descartes Systems Grp 2.81% 1,864,851 $129.1M Reduce -11.7%
AAON Aaon Inc. 2.80% 1,015,825 $128.9M Reduce -20.0%
STVN Stevanato Group SPA 2.75% 7,007,613 $126.6M Reduce -17.5%
SITE Siteone Landscape Supply Inc. 2.39% 960,286 $109.9M Reduce -13.2%
MSA Msa Safety Inc. 2.11% 554,574 $96.8M Reduce -16.6%
HLIO Helios Technologies Inc. 2.11% 1,084,345 $96.8M Reduce -18.2%
VCEL Vericel Corp. 2.02% 2,083,832 $92.7M Reduce -15.4%
FSS Federal Signal Corp. 2.00% 716,591 $92.1M Reduce -16.8%
ULS Ul Solutions Inc. Class A 1.82% 819,373 $83.5M Reduce -21.9%
SSD Simpson Manufacturing Co. Inc. 1.72% 377,341 $79.0M Reduce -37.7%
EXPO Exponent Inc. 1.62% 1,265,704 $74.4M Reduce -33.6%
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 1.46% 1,393,275 $67.0M Reduce -21.9%
UTI Universal Technical Institut 1.10% 1,181,460 $50.5M Reduce -8.6%
AGYS Agilysys Inc. 1.08% 476,554 $49.8M Reduce -30.3%
KGS Kodiak Gas Services Inc. 1.06% 646,145 $48.5M New
KAI Kadant Inc. 1.03% 150,265 $47.2M Reduce -28.4%
LGN Legence Corp. Class A 0.94% 506,578 $43.2M Add +21.8%
TRNS Transcat Inc. 0.91% 449,557 $41.7M Reduce -12.3%
ROL Rollins Inc. 0.90% 991,591 $41.4M Reduce -15.8%
WST West Pharmaceutical Services 0.87% 111,294 $40.0M Reduce -15.0%
KRMN Karman Holdings Inc. 0.87% 798,496 $39.9M Add +55.8%
KN Knowles Corp. 0.84% 932,049 $38.7M New
AORT Artivion Inc. 0.79% 1,623,700 $36.5M Add +38.1%
HEI.A Heico Corp. Class A 0.76% 134,747 $34.8M Reduce -27.5%
NCNO Ncino Inc. 0.75% 2,120,465 $34.7M Reduce -22.2%
WSO Watsco Inc. 0.73% 80,975 $33.7M Reduce -33.6%
BFAM Bright Horizons Family Solut 0.69% 444,997 $31.5M Reduce -65.6%
WDFC WD-40 Co. 0.67% 126,199 $30.7M Reduce -33.6%
NPO Enpro Inc. 0.65% 79,390 $29.9M Reduce -1.2%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.60% 200,836 $27.7M Reduce -18.8%
GWRE Guidewire Software Inc. 0.60% 224,372 $27.6M Reduce -18.4%
TYL Tyler Technologies Inc. 0.60% 94,018 $27.5M Reduce -18.2%
GGG Graco Inc. 0.58% 349,644 $26.4M Reduce -35.3%
MTDR Matador Resources Co. 0.55% 503,990 $25.1M New
MGY Magnolia Oil & Gas Corp. Class A 0.52% 935,605 $23.9M New
JBTM JBT Marel Corp. 0.50% 159,760 $23.2M Reduce -17.8%
WK Workiva Inc. 0.49% 467,432 $22.7M Reduce -38.0%
MIR Mirion Technologies Inc. 0.49% 1,248,061 $22.4M Reduce -31.8%
TECH Bio-Techne Corp. 0.46% 297,830 $21.0M Reduce -34.0%
POOL Pool Corp. 0.42% 90,032 $19.3M Reduce -41.0%
PRM Perimeter Solutions Inc. 0.42% 535,965 $19.1M New
LCII Lci Industries 0.40% 171,743 $18.2M Reduce -15.9%
PCOR Procore Technologies Inc. 0.30% 341,338 $13.9M Reduce -16.2%
CACI Caci International Inc. Class A 0.29% 28,950 $13.4M Add +6.9%
EVI Evi Industries Inc. 0.21% 668,316 $9.9M Reduce -4.8%
PR Permian Resources Corp. Class A 0.20% 491,265 $9.0M New
FPS Forgent Power Solutions Class A 0.18% 148,895 $8.3M New
DTM DT Midstream Inc. 0.16% 49,860 $7.3M New
TWST Twist Bioscience Corp. 0.10% 43,040 $4.4M Reduce -24.2%
MAMA Mama's Creations Inc. 0.09% 228,160 $4.1M Add +22.9%
ELVA Electrovaya Inc. 0.07% 328,100 $3.4M Add +24.6%
BLFS Biolife Solutions Inc. 0.07% 121,652 $3.4M Add +31.6%
PLMR Palomar Holdings Inc. 0.07% 25,960 $3.3M Add +25.8%
GHM Graham Corp. 0.06% 21,240 $2.6M Reduce -0.5%
CYRX Cryoport Inc. 0.05% 158,674 $2.5M Reduce -0.7%
COCO The Vita Coco Co. Inc. 0.05% 36,950 $2.4M Add +24.5%
WLDN Willdan Group Inc. 0.05% 27,607 $2.2M Add +16.6%
HLMN Hillman Solutions Corp. 0.04% 244,070 $2.1M Reduce -1.1%
IRMD Iradimed Corp. 0.04% 21,085 $2.0M Reduce -0.6%
ONT Onterris Inc. 0.04% 96,555 $2.0M Add +15.6%
BWMN Bowman Consulting Group Ltd. 0.04% 66,300 $1.9M Reduce -0.3%
PKE Park Aerospace Corp. 0.04% 49,485 $1.9M New
TKNO Alpha Teknova Inc. 0.04% 314,554 $1.8M Reduce -0.8%
CLMB Climb Global Solutions Inc. 0.04% 72,070 $1.7M Reduce -0.4%
ODD Oddity Tech Ltd. Class A 0.03% 97,620 $1.5M No change
TCYSF Tecsys Inc. 0.03% 66,305 $1.5M Reduce -0.8%
NPKI NPK International Inc. 0.03% 88,825 $1.4M New
KIDS Orthopediatrics Corp. 0.03% 64,535 $1.2M No change
GOOGL Alphabet Inc. Class A 0.02% 2,915 $1.0M Reduce -0.5%
MSFT Microsoft Corp. 0.02% 2,359 $880K No change
COST Costco Wholesale Corp. 0.02% 935 $875K No change
FAST Fastenal Co. 0.02% 16,630 $799K Reduce -2.4%
GOOG Alphabet Inc. Class C 0.02% 2,150 $760K Reduce -0.7%
SPGI S&P Global Inc. 0.01% 1,521 $619K No change
BRK.B Berkshire Hathaway Inc. Class B 0.01% 1,210 $605K Reduce -0.4%
LIN Linde PLC 0.01% 1,045 $542K Reduce -1.9%
MA Mastercard Inc. Class A 0.01% 995 $511K No change
VRSK Verisk Analytics Inc. 0.01% 2,701 $485K Reduce -18.6%
JNJ Johnson & Johnson 0.01% 1,860 $472K No change
AAPL Apple Inc. 0.01% 1,305 $378K Reduce -2.3%
FTNT Fortinet Inc. 0.01% 2,340 $359K Reduce -28.5%
WCN Waste Connections Inc. 0.01% 2,130 $355K Reduce -31.3%
XOM Exxon Mobil Corp. 0.01% 2,244 $307K Add +19.1%
NVDA Nvidia Corp. 0.01% 1,530 $306K No change
MKL Markel Group Inc. 0.01% 145 $283K No change
IDXX Idexx Laboratories Inc. 0.01% 520 $274K Reduce -34.2%
XYL Xylem Inc. 0.01% 2,090 $247K Reduce -23.1%
ITW Illinois Tool Works 0.01% 910 $246K No change
DHR Danaher Corp. 0.01% 1,240 $236K Add +6.0%
HD Home Depot Inc. 0.01% 650 $229K No change
GNRC Generac Holdings Inc. 0.00% 765 $224K Reduce -41.4%
INTU Intuit Inc. 0.00% 855 $223K Add +7.5%
AXON Axon Enterprise Inc. 0.00% 395 $221K New
ROP Roper Technologies Inc. 0.00% 615 $208K Reduce -30.3%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.00% 1,780 $200K New

Portfolio Sells Q1 2026 → Q2 2026
BFAM Bright Horizons Family Solut Reduce -65.6% 0.69% −1.43
BL Blackline Inc. Sold out 0.00% −1.25
AZTA Azenta Inc. Sold out 0.00% −1.20
EXPO Exponent Inc. Reduce -33.6% 1.62% −0.87
CCC CCC Intelligent Solutions Ho Sold out 0.00% −0.63
SITE Siteone Landscape Supply Inc. Reduce -13.2% 2.39% −0.55
WK Workiva Inc. Reduce -38.0% 0.49% −0.41
BMI Badger Meter Inc. Sold out 0.00% −0.37
LMAT Lemaitre Vascular Inc. Reduce -7.4% 2.85% −0.36
ROL Rollins Inc. Reduce -15.8% 0.90% −0.36
SSD Simpson Manufacturing Co. Inc. Reduce -37.7% 1.72% −0.36
GGG Graco Inc. Reduce -35.3% 0.58% −0.34
CWAN Clearwater Analytics HDS-A Sold out 0.00% −0.30
CXT Crane NXT Co. Sold out 0.00% −0.29
BCPC Balchem Corp. Reduce -13.1% 4.00% −0.24
QTWO Q2 Holdings Inc. Reduce -21.9% 1.46% −0.23
GWRE Guidewire Software Inc. Reduce -18.4% 0.60% −0.22
DSGX The Descartes Systems Grp Reduce -11.7% 2.81% −0.21
KAI Kadant Inc. Reduce -28.4% 1.03% −0.20
POOL Pool Corp. Reduce -41.0% 0.42% −0.20
MIR Mirion Technologies Inc. Reduce -31.8% 0.49% −0.19
TYL Tyler Technologies Inc. Reduce -18.2% 0.60% −0.19
JKHY Jack Henry & Associates Inc. Reduce -18.8% 0.60% −0.18
PCOR Procore Technologies Inc. Reduce -16.2% 0.30% −0.16
ROAD Construction Partners Inc. Class A Reduce -17.8% 3.51% −0.16
CSW CSW Industrials Inc. Reduce -18.4% 2.86% −0.15
WSO Watsco Inc. Reduce -33.6% 0.73% −0.15
FSV Firstservice Corp. Reduce -13.4% 3.76% −0.14
LCII Lci Industries Reduce -15.9% 0.40% −0.11
WDFC WD-40 Co. Reduce -33.6% 0.67% −0.11
EVI Evi Industries Inc. Reduce -4.8% 0.21% −0.07
MSA Msa Safety Inc. Reduce -16.6% 2.11% −0.07
RBC RBC Bearings Inc. Reduce -23.7% 4.59% −0.07
NCNO Ncino Inc. Reduce -22.2% 0.75% −0.06
HEI.A Heico Corp. Class A Reduce -27.5% 0.76% −0.03
ERII Energy Recovery Inc. Sold out 0.00% −0.03
NABL N-Able Inc. Sold out 0.00% −0.02
USPH U.S. Physical Therapy Inc. Sold out 0.00% −0.02
TECH Bio-Techne Corp. Reduce -34.0% 0.46% −0.01
PL Planet Labs PBC Sold out 0.00% −0.01
SPSC SPS Commerce Inc. Sold out 0.00% −0.01
CSGP Costar Group Inc. Sold out 0.00% −0.01
TSCO Tractor Supply Company Sold out 0.00% −0.01
CPRT Copart Inc. Sold out 0.00% −0.01
STE Steris PLC Sold out 0.00% −0.00
VEEV Veeva Systems Inc. Class A Sold out 0.00% −0.00
IDXX Idexx Laboratories Inc. Reduce -34.2% 0.01% −0.00
PGX Invesco Preferred ETF Sold out 0.00% −0.00
WCN Waste Connections Inc. Reduce -31.3% 0.01% −0.00
VRSK Verisk Analytics Inc. Reduce -18.6% 0.01% −0.00

Portfolio Buys Q1 2026 → Q2 2026
KGS Kodiak Gas Services Inc. New 1.06% +1.06
KN Knowles Corp. New 0.84% +0.84
MTDR Matador Resources Co. New 0.55% +0.55
MGY Magnolia Oil & Gas Corp. Class A New 0.52% +0.52
LGN Legence Corp. Class A Add +21.8% 0.94% +0.47
PRM Perimeter Solutions Inc. New 0.42% +0.42
PR Permian Resources Corp. Class A New 0.20% +0.20
FPS Forgent Power Solutions Class A New 0.18% +0.18
DTM DT Midstream Inc. New 0.16% +0.16
KRMN Karman Holdings Inc. Add +55.8% 0.87% +0.05
PKE Park Aerospace Corp. New 0.04% +0.04
BLFS Biolife Solutions Inc. Add +31.6% 0.07% +0.04
ELVA Electrovaya Inc. Add +24.6% 0.07% +0.03
MAMA Mama's Creations Inc. Add +22.9% 0.09% +0.03
NPKI NPK International Inc. New 0.03% +0.03
COCO The Vita Coco Co. Inc. Add +24.5% 0.05% +0.02
PLMR Palomar Holdings Inc. Add +25.8% 0.07% +0.02
WLDN Willdan Group Inc. Add +16.6% 0.05% +0.01
ONT Onterris Inc. Add +15.6% 0.04% +0.01
AXON Axon Enterprise Inc. New 0.00% +0.00
SJM The JM Smucker Co. New 0.00% +0.00
DHR Danaher Corp. Add +6.0% 0.01% +0.00
XOM Exxon Mobil Corp. Add +19.1% 0.01% +0.00
INTU Intuit Inc. Add +7.5% 0.00% −0.00
CACI Caci International Inc. Class A Add +6.9% 0.29% −0.00
AORT Artivion Inc. Add +38.1% 0.79% −0.07

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