Conestoga Capital Advisors Smid Cap Growth Fund’s Q3 2022 Investor Letter

Conestoga Capital Advisors, an asset management company, released its “Conestoga Smid Cap Growth Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the Smid Cap composite declined 4.15% compared to a 0.12% return for the Russell 2500 Growth Index. Stock selection in Utilities and Basic Materials contributed significantly to the fund’s relative performance in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.