CONESTOGA CAPITAL ADVISORS, LLC

Filed: 4/24/2023ACC: 0001085146-23-001833

📋 What this filing means

CONESTOGA CAPITAL ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 129 equity positions with a total reported market value of $5.97B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

129

Positions

$5.97B

Total AUM (reported)

109.76M

Total Shares

Allocation by class

COM$4.72B79.1%

CL A$438.48M7.3%

COM CL A$409.16M6.9%

COM PAR $0.004$214.88M3.6%

ORD SHS$91.61M1.5%

CLASS A COM$56.39M0.9%

COM NEW$34.05M0.6%

Portfolio Concentration

Top 3$736.33M12.3%

4–10$1.35B22.7%

11–25$1.83B30.7%

Rest$2.05B34.3%

Top 3 weight

12.3%

Top 10 weight

35.0%

Voting Authority Distribution

Total shares with voting rights: 109.76M

Sole

Full voting authority

93.72M

% of voting shares85.4%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

16.04M

% of voting shares14.6%

Investment Discretion (by position count)

Sole129

Shared0

Other0

Dominant voting typeSole · 85.4% of voting shares

Institutional Holdings129

Rows:

CASELLA WASTE SYS INC

SOLE

CL A

Shares3.06M

TypeSH

Market value$252.65M

4.23%

Sole

0.00

Shared

0.00

None

3.06M

DESCARTES SYS GROUP INC

SOLE

COM

Shares3M

TypeSH

Market value$242.17M

4.06%

Sole

0.00

Shared

0.00

None

SPS COMM INC

SOLE

COM

Shares1.59M

TypeSH

Market value$241.50M

4.04%

Sole

1.57M

Shared

0.00

None

16.25K

EXPONENT INC

SOLE

COM

Shares2.41M

TypeSH

Market value$240.02M

4.02%

Sole

0.00

Shared

0.00

None

2.41M

NOVANTA INC

SOLE

COM

Shares1.42M

TypeSH

Market value$225.58M

3.78%

Sole

1.40M

Shared

0.00

None

15.84K

AAON INC

SOLE

COM PAR $0.004

Shares2.22M

TypeSH

Market value$214.88M

3.60%

Sole

0.00

Shared

0.00

None

2.22M

FIRSTSERVICE CORP NEW

SOLE

COM

Shares1.35M

TypeSH

Market value$190.41M

3.19%

Sole

1.33M

Shared

0.00

None

20.56K

ALTAIR ENGR INC

SOLE

COM CL A

Shares2.37M

TypeSH

Market value$170.95M

2.86%

Sole

0.00

Shared

0.00

None

2.37M

RBC BEARINGS INC

SOLE

COM

Shares680.24K

TypeSH

Market value$158.31M

2.65%

Sole

670.91K

Shared

0.00

None

9.32K

MERIT MED SYS INC

SOLE

COM

Shares2.09M

TypeSH

Market value$154.66M

2.59%

Sole

2.06M

Shared

0.00

None

28.73K

SIMPSON MFG INC

SOLE

COM

Shares1.38M

TypeSH

Market value$151.29M

2.53%

Sole

1.37M

Shared

0.00

None

12.39K

SITEONE LANDSCAPE SUPPLY INC

SOLE

COM

Shares1.08M

TypeSH

Market value$147.88M

2.48%

Sole

1.07M

Shared

0.00

None

11.14K

CONSTRUCTION PARTNERS INC

SOLE

COM CL A

Shares5.24M

TypeSH

Market value$141.26M

2.37%

Sole

5.19M

Shared

0.00

None

56.97K

FOX FACTORY HLDG CORP

SOLE

COM

Shares1.10M

TypeSH

Market value$133.96M

2.24%

Sole

1.10M

Shared

0.00

None

2.32K

BALCHEM CORP

SOLE

COM

Shares1.05M

TypeSH

Market value$132.73M

2.22%

Sole

1.04M

Shared

0.00

None

10.89K

MERCURY SYS INC

SOLE

COM

Shares2.51M

TypeSH

Market value$128.11M

2.15%

Sole

2.48M

Shared

0.00

None

30.96K

MODEL N INC

SOLE

COM

Shares3.79M

TypeSH

Market value$126.92M

2.13%

Sole

3.79M

Shared

0.00

None

4.38K

AXON ENTERPRISE INC

SOLE

COM

Shares551.72K

TypeSH

Market value$124.05M

2.08%

Sole

543.75K

Shared

0.00

None

7.97K

PAYCOR HCM INC

SOLE

COM

Shares4.60M

TypeSH

Market value$121.90M

2.04%

Sole

4.55M

Shared

0.00

None

45.99K

REPLIGEN CORP

SOLE

COM

Shares685.44K

TypeSH

Market value$115.40M

1.93%

Sole

673.20K

Shared

0.00

None

12.24K

NEOGEN CORP

SOLE

COM

Shares5.70M

TypeSH

Market value$105.54M

1.77%

Sole

5.63M

Shared

0.00

None

66.25K

HELIOS TECHNOLOGIES INC

SOLE

COM

Shares1.57M

TypeSH

Market value$102.50M

1.72%

Sole

1.56M

Shared

0.00

None

3.54K

MESA LABS INC

SOLE

COM

Shares578.46K

TypeSH

Market value$101.07M

1.69%

Sole

577.79K

Shared

0.00

None

672.00

JOHN BEAN TECHNOLOGIES CORP

SOLE

COM

Shares922.22K

TypeSH

Market value$100.79M

1.69%

Sole

911.63K

Shared

0.00

None

10.59K

CLEARWATER ANALYTICS HLDGS I

SOLE

CL A

Shares6.22M

TypeSH

Market value$99.27M

1.66%

Sole

6.14M

Shared

0.00

None

80.89K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
CASELLA WASTE SYS INCSOLE	CL A	3.06M	SH	$252.65M 4.23%	0.00	3.06M
DESCARTES SYS GROUP INCSOLE	COM	3M	SH	$242.17M 4.06%	0.00	3M
SPS COMM INCSOLE	COM	1.59M	SH	$241.50M 4.04%	1.57M	16.25K
EXPONENT INCSOLE	COM	2.41M	SH	$240.02M 4.02%	0.00	2.41M
NOVANTA INCSOLE	COM	1.42M	SH	$225.58M 3.78%	1.40M	15.84K
AAON INCSOLE	COM PAR $0.004	2.22M	SH	$214.88M 3.60%	0.00	2.22M
FIRSTSERVICE CORP NEWSOLE	COM	1.35M	SH	$190.41M 3.19%	1.33M	20.56K
ALTAIR ENGR INCSOLE	COM CL A	2.37M	SH	$170.95M 2.86%	0.00	2.37M
RBC BEARINGS INCSOLE	COM	680.24K	SH	$158.31M 2.65%	670.91K	9.32K
MERIT MED SYS INCSOLE	COM	2.09M	SH	$154.66M 2.59%	2.06M	28.73K
SIMPSON MFG INCSOLE	COM	1.38M	SH	$151.29M 2.53%	1.37M	12.39K
SITEONE LANDSCAPE SUPPLY INCSOLE	COM	1.08M	SH	$147.88M 2.48%	1.07M	11.14K
CONSTRUCTION PARTNERS INCSOLE	COM CL A	5.24M	SH	$141.26M 2.37%	5.19M	56.97K
FOX FACTORY HLDG CORPSOLE	COM	1.10M	SH	$133.96M 2.24%	1.10M	2.32K
BALCHEM CORPSOLE	COM	1.05M	SH	$132.73M 2.22%	1.04M	10.89K
MERCURY SYS INCSOLE	COM	2.51M	SH	$128.11M 2.15%	2.48M	30.96K
MODEL N INCSOLE	COM	3.79M	SH	$126.92M 2.13%	3.79M	4.38K
AXON ENTERPRISE INCSOLE	COM	551.72K	SH	$124.05M 2.08%	543.75K	7.97K
PAYCOR HCM INCSOLE	COM	4.60M	SH	$121.90M 2.04%	4.55M	45.99K
REPLIGEN CORPSOLE	COM	685.44K	SH	$115.40M 1.93%	673.20K	12.24K
NEOGEN CORPSOLE	COM	5.70M	SH	$105.54M 1.77%	5.63M	66.25K
HELIOS TECHNOLOGIES INCSOLE	COM	1.57M	SH	$102.50M 1.72%	1.56M	3.54K
MESA LABS INCSOLE	COM	578.46K	SH	$101.07M 1.69%	577.79K	672.00
JOHN BEAN TECHNOLOGIES CORPSOLE	COM	922.22K	SH	$100.79M 1.69%	911.63K	10.59K
CLEARWATER ANALYTICS HLDGS ISOLE	CL A	6.22M	SH	$99.27M 1.66%	6.14M	80.89K

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