AI Portfolio Summary
In 2025 Q4, Conestoga Capital Advisors, LLC maintained a portfolio of 127 distinct positions. The most significant new addition to the portfolio was KARMAN HLDGS INC, which now represents 0.66% of the total fund value. They heavily accumulated shares in CSW INDUSTRIALS INC, increasing their position by 9.4%. The fund also reduced its exposure to SPS COMM INC by 49.8%.
Total Positions
127
Quarter
2025 Q4
Top Holding
CWST (4.6%)
Top 10 Concentration
34.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 127
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
CWST
CASELLA WASTE S...
|
Industrials | 4.58% | 4.38% |
#1
Prev: #1
|
4.3 | -98,734 | -3.4% |
P
S
|
2,777,327 | $272,011,406 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RBC
RBC BEARINGS IN...
|
Industrials | 4.41% | 3.92% |
#2
2
Prev: #4
|
3.8 | -41,533 | -6.6% |
P
S
|
584,410 | $262,066,976 | 2019 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DSGX
DESCARTES SYS G...
|
Technology | 3.70% | 3.99% |
#3
Prev: #3
|
3.0 | -126,907 | -4.8% |
P
S
|
2,508,569 | $219,901,159 | 2016 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ROAD
CONSTRUCTION PA...
|
Industrials | 3.70% | 4.34% |
#4
2
Prev: #2
|
2.5 | -106,850 | -5.0% |
P
S
|
2,025,002 | $219,813,967 | 2019 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CSWI
CSW INDUSTRIALS...
|
Unknown | 3.13% | 2.26% |
#5
12
Prev: #17
|
3.8 | 54,364 | 9.4% |
P
S
|
633,255 | $185,879,323 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BCPC
BALCHEM CORP
|
Basic Materials | 3.11% | 3.07% |
#6
1
Prev: #7
|
1.7 | -68,459 | -5.4% |
P
S
|
1,204,319 | $184,694,305 | 2011 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MMSI
MERIT MED SYS I...
|
Healthcare | 3.09% | 2.92% |
#7
2
Prev: #9
|
1.7 | -98,782 | -4.5% |
P
S
|
2,086,483 | $183,902,612 | 2019 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FSV
FIRSTSERVICE CO...
|
Real Estate | 3.07% | 3.74% |
#8
3
Prev: #5
|
1.7 | -50,766 | -4.1% |
P
S
|
1,172,521 | $182,362,239 | 2019 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NOVT
NOVANTA INC
|
Technology | 2.92% | 2.27% |
#9
7
Prev: #16
|
1.7 | 47,540 | 3.4% |
P
S
|
1,458,259 | $173,518,238 | 2018 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RGEN
REPLIGEN CORP
|
Healthcare | 2.92% | 2.05% |
#10
13
Prev: #23
|
3.2 | 101,062 | 10.6% |
P
S
|
1,057,975 | $173,359,783 | 2014 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EXPO
EXPONENT INC
|
Industrials | 2.80% | 2.63% |
#11
Prev: #11
|
1.6 | 31,303 | 1.3% |
P
S
|
2,392,499 | $166,182,949 | 2015 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MRCY
MERCURY SYS INC
|
Industrials | 2.67% | 2.83% |
#12
2
Prev: #10
|
1.6 | -105,102 | -4.6% |
P
S
|
2,174,807 | $158,782,659 | 2018 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
STVN
STEVANATO GROUP...
|
Healthcare | 2.67% | 3.35% |
#13
7
Prev: #6
|
1.6 | -205,264 | -2.5% |
P
S
|
7,889,701 | $158,740,777 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SPXC
SPX TECHNOLOGIE...
|
Industrials | 2.55% | 2.33% |
#14
1
Prev: #15
|
1.5 | -18,386 | -2.4% |
P
S
|
758,400 | $151,725,504 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ESE
ESCO TECHNOLOGI...
|
Technology | 2.55% | 2.96% |
#15
7
Prev: #8
|
1.5 | -97,623 | -11.2% |
P
S
|
775,596 | $151,543,708 | 2017 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CWAN
CLEARWATER ANAL...
|
Technology | 2.48% | 1.94% |
#16
9
Prev: #25
|
1.5 | -613,133 | -9.1% |
P
S
|
6,097,771 | $147,078,237 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SSD
SIMPSON MFG INC
|
Basic Materials | 2.31% | 2.37% |
#17
4
Prev: #13
|
1.4 | -33,011 | -3.7% |
P
S
|
849,350 | $137,144,589 | 2002 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AAON
AAON INC
|
Industrials | 2.28% | 2.54% |
#18
6
Prev: #12
|
2.9 | 84,693 | 5.0% |
P
S
|
1,776,013 | $135,420,967 | 2002 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SITE
SITEONE LANDSCA...
|
Industrials | 2.25% | 2.37% |
#19
5
Prev: #14
|
1.4 | -71,065 | -6.2% |
P
S
|
1,075,017 | $133,904,118 | 2016 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
QTWO
Q2 HLDGS INC
|
Technology | 2.24% | 2.24% |
#20
2
Prev: #18
|
1.4 | -78,495 | -4.1% |
P
S
|
1,847,501 | $133,315,672 | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DGII
DIGI INTL INC
|
Technology | 2.15% | 2.00% |
#21
3
Prev: #24
|
1.4 | -459,941 | -13.5% |
P
S
|
2,955,793 | $127,956,279 | 2001 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSA
MSA SAFETY INC
|
Industrials | 2.02% | 2.12% |
#22
1
Prev: #21
|
1.3 | -16,457 | -2.1% |
P
S
|
751,172 | $120,292,609 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LMAT
LEMAITRE VASCUL...
|
Healthcare | 1.94% | 2.21% |
#23
4
Prev: #19
|
1.3 | -149,700 | -9.5% |
P
S
|
1,424,988 | $115,566,537 | 2017 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BFAM
BRIGHT HORIZONS...
|
Consumer Cyclical | 1.88% | 1.53% |
#24
5
Prev: #29
|
3.3 | 220,223 | 25.0% |
P
S
|
1,100,803 | $111,621,424 | 2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FSS
FEDERAL SIGNAL ...
|
Industrials | 1.83% | 2.10% |
#25
3
Prev: #22
|
1.2 | -98,479 | -9.0% |
P
S
|
1,000,084 | $108,599,068 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BL
BLACKLINE INC
|
Technology | 1.72% | 1.76% |
#26
Prev: #26
|
1.2 | -217,773 | -10.5% |
P
S
|
1,848,997 | $102,231,044 | 2017 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CCCS
CCC INTELLIGENT...
|
Unknown | 1.68% | 1.55% |
#27
1
Prev: #28
|
2.7 | 1,907,016 | 18.0% |
P
S
|
12,530,897 | $99,620,631 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WK
WORKIVA INC
|
Technology | 1.57% | 1.38% |
#28
3
Prev: #31
|
2.6 | 87,056 | 8.7% |
P
S
|
1,083,243 | $93,429,709 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HLIO
HELIOS TECHNOLO...
|
Industrials | 1.40% | 1.39% |
#29
1
Prev: #30
|
1.1 | -107,960 | -6.5% |
P
S
|
1,552,064 | $83,019,880 | 2019 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ULS
UL SOLUTIONS IN...
|
Industrials | 1.39% | 1.29% |
#30
2
Prev: #32
|
1.1 | -90,103 | -7.9% |
P
S
|
1,046,576 | $82,533,021 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VCEL
VERICEL CORP
|
Healthcare | 1.37% | 1.10% |
#31
4
Prev: #35
|
1.0 | 79,278 | 3.6% |
P
S
|
2,254,562 | $81,186,778 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NCNO
NCINO INC
|
Technology | 1.23% | 0.99% |
#32
7
Prev: #39
|
3.0 | 585,786 | 25.7% |
P
S
|
2,861,024 | $73,356,655 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AGYS
AGILYSYS INC
|
Technology | 1.20% | 1.11% |
#33
1
Prev: #34
|
1.0 | -57,638 | -8.8% |
P
S
|
598,141 | $71,083,076 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ROL
ROLLINS INC
|
Consumer Cyclical | 1.14% | 1.02% |
#34
3
Prev: #37
|
1.0 | 52,907 | 4.9% |
P
S
|
1,130,355 | $67,843,907 | 2005 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KAI
KADANT INC
|
Industrials | 1.04% | 0.81% |
#35
9
Prev: #44
|
2.9 | 47,506 | 28.2% |
P
S
|
216,204 | $61,622,558 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WDFC
WD 40 CO
|
Basic Materials | 0.98% | 0.98% |
#36
4
Prev: #40
|
0.9 | -13,757 | -4.4% |
P
S
|
296,847 | $58,449,231 | 2003 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SPSC
SPS COMM INC
|
Technology | 0.96% | 2.14% |
#37
17
Prev: #20
|
0.4 | -638,707 | -49.8% |
P
S
|
642,804 | $57,293,121 | 2013 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TRNS
TRANSCAT INC
|
Industrials | 0.90% | 1.15% |
#38
5
Prev: #33
|
0.9 | -31,299 | -3.2% |
P
S
|
943,437 | $53,521,181 | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GWRE
GUIDEWIRE SOFTW...
|
Technology | 0.88% | 0.92% |
#39
3
Prev: #42
|
0.9 | 9,799 | 3.9% |
P
S
|
259,598 | $52,181,794 | 2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VERX
VERTEX INC
|
Technology | 0.84% | 1.01% |
#40
2
Prev: #38
|
0.8 | -36,347 | -1.4% |
P
S
|
2,506,653 | $50,057,860 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HLMN
HILLMAN SOLUTIO...
|
Industrials | 0.83% | 0.81% |
#41
2
Prev: #43
|
0.8 | 230,580 | 4.2% |
P
S
|
5,714,463 | $49,487,250 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TYL
TYLER TECHNOLOG...
|
Technology | 0.82% | 0.79% |
#42
3
Prev: #45
|
2.3 | 13,356 | 14.2% |
P
S
|
107,466 | $48,784,191 | 2008 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HEI/A
HEICO CORP NEW
|
Industrials | 0.80% | 0.94% |
#43
2
Prev: #41
|
0.8 | -41,292 | -18.0% |
P
S
|
188,668 | $47,625,463 | 2014 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CXT
CRANE NXT CO
|
Industrials | 0.78% | 1.05% |
#44
8
Prev: #36
|
0.8 | 5,610 | 0.6% |
P
S
|
979,422 | $46,101,410 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MIR
MIRION TECHNOLO...
|
Industrials | 0.76% | 0.50% |
#45
5
Prev: #50
|
2.8 | 587,064 | 43.4% |
P
S
|
1,938,849 | $45,407,844 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AZTA
AZENTA INC
|
Healthcare | 0.74% | 0.68% |
#46
Prev: #46
|
0.8 | -151,595 | -10.3% |
P
S
|
1,316,401 | $43,783,497 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GGG
GRACO INC
|
Industrials | 0.73% | 0.63% |
#47
Prev: #47
|
2.3 | 67,543 | 14.6% |
P
S
|
531,355 | $43,555,169 | 2001 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JKHY
HENRY JACK & AS...
|
Technology | 0.72% | 0.48% |
#48
3
Prev: #51
|
2.3 | 32,651 | 16.1% |
P
S
|
235,233 | $42,925,318 | 2017 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KRMN
KARMAN HLDGS IN...
|
Industrials | 0.66% | — |
#49
Prev: #—
|
3.8 | 534,897 | no change |
NEW
|
534,897 | $39,138,413 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WSO
WATSCO INC
|
Industrials | 0.66% | 0.61% |
#50
1
Prev: #49
|
2.8 | 21,119 | 22.4% |
P
S
|
115,568 | $38,940,638 | 2017 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 127 holdings