Conestoga Capital Advisors Micro Cap Strategy’s Q3 2025 Investor Letter

Conestoga Capital Advisors, an asset management company, released its third-quarter 2025 investor letter. Equity markets continued their momentum that began in early April, reaching new all-time highs in the third quarter. The Conestoga Micro-Cap Composite returned 11.7% net-of-fees in the third quarter, compared to the Russell Microcap Growth Index’s return of 19.9%. Please check the top 5 holdings of the fund for a better understanding of their best picks for 2025.

A copy of Conestoga Capital Advisors Micro Cap Strategy’s Q3 2025 investor letter can be downloaded here.