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Asset Manager ← All Institutions

Conestoga Capital Advisors, LLC

550 E. SWEDESFORD ROAD SUITE 120, WAYNE, PA 19087 • 484-654-1380

Q4 2025 · Filed 2026-02-02
Market Value
$5.9B
-4.7%
Holdings
124
-2
New Purchases
3
Added To
49
Closed
5
Reduced
62
Top 10 Concentration
34.6%
Turnover
6.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CSWI 3.13% 2.26% +0.87% $186M
RGEN 2.92% 2.05% +0.87% $173M
KRMN 0.66% 0.00% +0.66% $39M
NOVT 2.92% 2.27% +0.65% $174M
CWAN 2.48% 1.94% +0.54% $147M
RBC 4.41% 3.92% +0.49% $262M
BMI 0.38% 0.00% +0.38% $23M
BFAM 1.88% 1.53% +0.34% $112M
VCEL 1.37% 1.10% +0.27% $81M
MIR 0.76% 0.50% +0.26% $45M
NCNO 1.24% 0.99% +0.25% $73M
JKHY 0.72% 0.48% +0.24% $43M
KAI 1.04% 0.81% +0.23% $62M
SPXC 2.55% 2.33% +0.23% $152M
CWST 4.58% 4.38% +0.20% $272M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TREX 0.00% 1.57% -1.57% $0
SPSC 0.96% 2.14% -1.18% $57M
STVN 2.67% 3.35% -0.67% $159M
FSV 3.07% 3.74% -0.67% $182M
ROAD 3.70% 4.35% -0.64% $220M
MLAB 0.00% 0.46% -0.46% $0
ESE 2.55% 2.96% -0.41% $152M
GNRC 0.01% 0.32% -0.32% $301K
DSGX 3.70% 3.99% -0.28% $220M
CXT 0.78% 1.05% -0.27% $46M
FSS 1.83% 2.10% -0.27% $109M
LMAT 1.95% 2.21% -0.27% $116M
AAON 2.28% 2.54% -0.26% $135M
TRNS 0.90% 1.15% -0.24% $54M
VERX 0.84% 1.01% -0.17% $50M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Industrials 47.3%
Technology 23.8%
Healthcare 14.9%
Basic Materials 5.0%
Real Estate 3.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 12 $7M 0.1%
Large Cap 38 $977M 16.5%
Mid Cap 48 $4.5B 75.6%
Small Cap 23 $444M 7.5%
Micro Cap 3 $23M 0.4%

Portfolio Analytics

Avg Market Cap
$221.6B
Median Market Cap
$6.7B
Avg P/E
51.8
Median P/E
35.4
Avg Dividend Yield
0.01%
Avg Beta
1.00
# Stocks
123
# ETFs / Funds
1

Top Holdings (124 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CWST 4.58% 2,777,327 $272M $97.94 -$869K -98,734 -3.4%
2 RBC 4.41% 584,410 $262M $448.43 $18M -41,533 -6.6%
3 DSGX 3.70% 2,508,569 $220M $87.66 -$28M -126,907 -4.8%
4 ROAD 3.70% 2,025,002 $220M $108.55 -$51M -106,850 -5.0%
5 CSWI 3.13% 633,255 $186M $293.53 $45M +54,364 +9.4%
6 BCPC 3.11% 1,204,319 $185M $153.36 -$6M -68,459 -5.4%
7 MMSI 3.10% 2,086,483 $184M $88.14 $2M -98,782 -4.5%
8 FSV 3.07% 1,172,521 $182M $155.53 -$51M -50,766 -4.2%
9 NOVT 2.92% 1,458,259 $174M $118.99 $32M +47,540 +3.4%
10 RGEN 2.92% 1,057,975 $173M $163.86 $45M +101,062 +10.6%
11 EXPO 2.80% 2,392,499 $166M $69.46 $2M +31,303 +1.3%
12 MRCY 2.67% 2,174,807 $159M $73.01 -$18M -105,102 -4.6%
13 STVN 2.67% 7,889,701 $159M $20.12 -$50M -205,264 -2.5%
14 SPXC 2.55% 758,400 $152M $200.06 $7M -18,386 -2.4%
15 ESE 2.55% 775,596 $152M $195.39 -$33M -97,623 -11.2%
16 CWAN 2.48% 6,097,771 $147M $24.12 $26M -613,133 -9.1%
17 SSD 2.31% 849,350 $137M $161.47 -$11M -33,011 -3.7%
18 AAON 2.28% 1,776,013 $135M $76.25 -$23M +84,693 +5.0%
19 SITE 2.25% 1,075,017 $134M $124.56 -$14M -71,065 -6.2%
20 QTWO 2.24% 1,847,501 $133M $72.16 -$6M -78,495 -4.1%
21 DGII 2.15% 2,955,793 $128M $43.29 $3M -459,941 -13.5%
22 MSA 2.03% 751,172 $120M $160.14 -$12M -16,457 -2.1%
23 LMAT 1.95% 1,424,988 $116M $81.10 -$22M -149,700 -9.5%
24 BFAM 1.88% 1,100,803 $112M $101.40 $16M +220,223 +25.0%
25 FSS 1.83% 1,000,084 $109M $108.59 -$22M -98,479 -9.0%
26 BL 1.72% 1,848,997 $102M $55.29 -$8M -217,773 -10.5%
27 CCCS 1.68% 12,530,897 $100M $7.95 $3M +1,907,016 +17.9%
28 WK 1.57% 1,083,243 $93M $86.25 $8M +87,056 +8.7%
29 HLIO 1.40% 1,552,064 $83M $53.49 -$4M -107,960 -6.5%
30 ULS 1.39% 1,046,576 $83M $78.86 $2M -90,103 -7.9%
31 VCEL 1.37% 2,254,562 $81M $36.01 $13M +79,278 +3.6%
32 NCNO 1.24% 2,861,024 $73M $25.64 $12M +585,786 +25.8%
33 AGYS 1.20% 598,141 $71M $118.84 $2M -57,638 -8.8%
34 ROL 1.14% 1,130,355 $68M $60.02 $5M +52,907 +4.9%
35 KAI 1.04% 216,204 $62M $285.02 $11M +47,506 +28.2%
36 WDFC 0.98% 296,847 $58M $196.90 -$3M -13,757 -4.4%
37 SPSC 0.96% 642,804 $57M $89.13 -$76M -638,707 -49.8%
38 TRNS 0.90% 943,437 $54M $56.73 -$18M -31,299 -3.2%
39 GWRE 0.88% 259,598 $52M $201.01 -$5M +9,799 +3.9%
40 VERX 0.84% 2,506,653 $50M $19.97 -$13M -36,347 -1.4%
41 HLMN 0.83% 5,714,463 $49M $8.66 -$855K +230,580 +4.2%
42 TYL 0.82% 107,466 $49M $453.95 -$450K +13,356 +14.2%
43 HEI-A 0.80% 188,668 $48M $252.43 -$11M -41,292 -18.0%
44 CXT 0.78% 979,422 $46M $47.07 -$19M +5,610 +0.6%
45 MIR 0.76% 1,938,849 $45M $23.42 $14M +587,064 +43.4%
46 BRKS 0.74% 1,316,401 $44M $33.26 $2M -151,595 -10.3%
47 GGG 0.73% 531,355 $44M $81.97 $4M +67,543 +14.6%
48 JKHY 0.72% 235,233 $43M $182.48 $13M +32,651 +16.1%
49 KRMN 0.66% 534,897 $39M $73.17 +534,897 NEW
50 WSO 0.66% 115,568 $39M $336.95 $755K +21,119 +22.4%
51 WST 0.57% 122,791 $34M $275.14 $7M +22,008 +21.8%
52 POOL 0.56% 144,707 $33M $228.75 -$5M +21,298 +17.3%
53 JBTM 0.48% 188,602 $28M $150.67 $4M +15,036 +8.7%
54 PCOR 0.47% 385,193 $28M $72.74 $5M +72,481 +23.2%
55 LCII 0.40% 194,833 $24M $121.34 $8M +23,269 +13.6%
56 BMI 0.38% 130,393 $23M $174.41 +130,393 NEW
57 PCTY 0.36% 141,220 $22M $152.50 $1M +15,357 +12.2%
58 EVI 0.36% 872,555 $21M $24.64 -$4M +65,885 +8.2%
59 TECH 0.35% 354,561 $21M $58.81 $4M +49,078 +16.1%
60 PLMR 0.05% 20,635 $3M $134.76 $728K +3,050 +17.3%
61 MAMA 0.04% 185,700 $3M $13.49 $96K -43,540 -19.0%
62 UTI 0.04% 88,140 $2M $26.13 -$404K +4,970 +6.0%
63 WLDN 0.04% 20,412 $2M $103.66 -$83K -2,326 -10.2%
64 IRMD 0.03% 21,215 $2M $97.28 $116K -6,160 -22.5%
65 BLFS 0.03% 78,492 $2M $24.18 -$28K +2,990 +4.0%
66 BWMN 0.03% 57,295 $2M $33.02 -$484K +1,200 +2.1%
67 NABL 0.03% 252,775 $2M $7.48 $262K +43,930 +21.0%
68 PHR 0.03% 111,270 $2M $16.92 $83K +34,750 +45.4%
69 IIIV 0.03% 72,902 $2M $25.19 -$421K +3,350 +4.8%
70 ERII 0.03% 133,725 $2M $13.49 -$206K +3,355 +2.6%
71 TWST 0.03% 56,785 $2M $31.72 $237K +1,185 +2.1%
72 ONT 0.03% 71,475 $2M $24.83 -$139K +1,795 +2.6%
73 PL 0.03% 82,985 $2M $19.72 -$2M -163,250 -66.3%
74 COCO 0.03% 29,675 $2M $53.01 -$361K -15,875 -34.9%
75 CYRX 0.03% 159,864 $2M $9.60 $538K +54,675 +52.0%
76 TCS.TO 0.03% 66,835 $1M $22.36 -$129K +3,315 +5.2%
77 CLMB 0.02% 13,165 $1M $102.79 $143K +4,190 +46.7%
78 TKNO 0.02% 317,084 $1M $3.80 -$707K +8,145 +2.6%
79 USPH 0.02% 15,275 $1M $78.09 -$74K +365 +2.5%
80 MSFT 0.02% 2,359 $1M $483.62 -$259K -343 -12.7%
81 TIC 0.02% 108,821 $1M $10.11 -$311K +2,800 +2.6%
82 VRSK 0.02% 4,346 $972K $223.69 -$401K -1,114 -20.4%
83 GOOGL 0.02% 2,930 $917K $313.00 $201K -15 -0.5%
84 KIDS 0.01% 48,210 $856K $17.76 -$318K -15,185 -23.9%
85 CSGP 0.01% 12,277 $826K $67.24 -$486K -3,263 -21.0%
86 WCN 0.01% 4,682 $821K $175.36 -$315K -1,782 -27.6%
87 IDXX 0.01% 1,205 $815K $676.53 -$264K -484 -28.7%
88 COST 0.01% 935 $806K $862.34 -$170K -120 -11.4%
89 SPGI 0.01% 1,521 $795K $522.59 $67K +25 +1.7%
90 FAST 0.01% 17,040 $684K $40.13 -$207K -1,115 -6.1%
91 GOOG 0.01% 2,165 $679K $313.80 $148K -15 -0.7%
92 BRK-B 0.01% 1,215 $611K $502.65 $17K +35 +3.0%
93 ROP 0.01% 1,292 $575K $445.13 -$295K -452 -25.9%
94 MA 0.01% 995 $568K $570.88 -$32K -60 -5.7%
95 INTU 0.01% 795 $527K $662.42 -$3K +20 +2.6%
96 CPRT 0.01% 12,943 $507K $39.15 -$348K -6,063 -31.9%
97 XYL 0.01% 3,707 $505K $136.18 -$210K -1,142 -23.6%
98 TSCO 0.01% 9,520 $476K $50.01 -$275K -3,690 -27.9%
99 VEEV 0.01% 2,082 $465K $223.23 -$452K -997 -32.4%
100 LIN 0.01% 1,065 $454K $426.39 -$26K +55 +5.5%

New Positions

SymbolValue% Port
KRMN $39M 0.66%
BMI $23M 0.38%
PGX $128K —%

Sold Out Positions

SymbolValue% Port
TREX —%
GRMN —%
SJM —%
MLAB —%
SNPS —%
View SEC EDGAR Filings for Conestoga Capital Advisors, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms