Conestoga Capital Advisors, LLC
SEC Form 13F institutional filer · CIK 0001163744
13F-HR · 35 reported holdings · 2026-03-31
Reported long-US-equity value
$0.21B
Top-10 concentration
95.8%
Conestoga Capital Advisors, LLC — $211M AUM allocation strategy
Conestoga Capital Advisors, LLC files SEC Form 13F and reports $211M of long US equity value across 35 reported holdings for 2026-03-31.
Its largest sector bet is Industrials 30.4%, followed by Health Care 27.1% and Financials 19.8%.
The top 10 holdings account for 96% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Conestoga Capital Advisors, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$211M
total across 35 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
96% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$TECH +96.9K sh · +$2.74M+$ROL +47.6K sh · −$4.93M+$JKHY +12.1K sh · −$3.84M
Biggest trims (shares)
−$CPRT −5.25K sh · −$251K−$CSGP −4.42K sh · −$508K−$TSCO −3.15K sh · −$187K
Added from nil (new positions)
None this quarter
Exited to nil (held last quarter, gone now)
$IT ($315K last qtr)$FICO ($301K last qtr)$AXON ($224K last qtr)$ODFL ($204K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Environmental & Facilities Services29.7%—
- Application Software18.8%—
- Transaction & Payment Processing Services18.8%—
- Health Care Supplies15.5%—
- Life Sciences Tools & Services11.2%—
- Interactive Media & Services0.7%—
- Diversified Banks0.6%—
- Consumer Staples Merchandise Retail0.4%—
- Other holdings4.4%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $ROL | Rollins Inc | 1.18M | $62.9M | +47.6K | 29.8% |
| $TYL | Tyler Technologies Inc | 115K | $39.3M | +7.44K | 18.6% |
| $JKHY | Jack Henry & Associates Inc | 247K | $39.1M | +12.1K | 18.5% |
| $WST | West Pharmaceutical Services Inc | 131K | $32.8M | +8.18K | 15.5% |
| $TECH | Bio-Techne Corp | 451K | $23.6M | +96.9K | 11.2% |
| $USB | U.S. Bancorp | 15.3K | $1.15M | +0 | 0.5% |
| $COST | Costco Wholesale Corporation | 935 | $932K | +0 | 0.4% |
| $MSFT | Microsoft Corporation | 2.36K | $873K | +0 | 0.4% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 2.93K | $843K | +0 | 0.4% |
| $FAST | Fastenal Company | 17K | $791K | +0 | 0.4% |
…and 25 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
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How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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