Invest Like
An Owner
Quality Growth Strategies for the Long-Term
We are an independent quality growth investment management boutique built to deliver compelling long-term returns through concentrated, fundamentally driven small-to mid-cap investment strategies.
Founded
Investment Team
Average Industry Experience
AUM as of 6/30/26
Employee Owned
Suburban
Philadelphia
Location
Investment Strategies & Funds
Our primary investment offerings take the form of Mutual Funds, Separately Managed Accounts and CITs
Holdings: 25-40
Benchmark:
Russell Microcap Growth
Strategy Inception: 11/30/2018
Close
Holdings: 45-50
Benchmark:
Russell 2000 Growth
Strategy Inception: 12/31/1998
Close
Holdings: 40-60
Benchmark:
Russell 2500 Growth
Strategy Inception: 12/31/2013
Close
Our Philosophy
We invest with an ownership mindset focused entirely on identifying sector-leading small-to mid-cap companies with strong management teams capable of maintaining sustainable earnings growth that can result in lower volatility with durable alpha generation.
Perspectives
Is the Tide Turning for High-Quality Small Caps?
The past fifteen months have been among the most challenging environments for high-quality small cap investing in the past four decades. While no one can predict exactly when leadership will change, history suggests these extreme periods have not persisted indefinitely.
Conestoga Capital Advisors Reopens Small Cap Fund Following Capacity Review
Conestoga Capital Advisors today announced that the Conestoga Small Cap Fund (Institutional Class: CCALX; Investor Class: CCASX) has reopened to new investors effective July 28, 2026, after an eight-year closure, reflecting the firm’s conviction that today’s market offers one of the most compelling opportunities in more than a decade for high-quality small cap growth investing.
2026 Q2 Commentary
Entering 2026, we believed the conditions were finally in place for the long-awaited rotation into Small Caps, driven by accelerating earnings growth and historically attractive valuations relative to Large Caps.
2026 Q1 Commentary
The first quarter of 2026 saw shifting market sentiment, as early optimism gave way to volatility driven by geopolitical tensions and changing rate expectations.
Why Quality Matters in Small Cap Growth
High-quality Small Cap stocks have outperformed both the Russell 2000 Index and low quality Small Caps across multiple time periods, and we see a compelling case for Small Cap outperformance looking forward.
Connect
Conestoga Capital Advisors, LLC
CrossPoint at Valley Forge
550 E. Swedesford Road, Suite 120
Wayne, PA 19087
P 484-654-1380
info@conestogacapital.com
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