Conestoga Capital Advisors SMid Cap Strategy’s Q2 2025 Investor Letter

Conestoga Capital Advisors, an asset management company, released its second-quarter 2025 investor letter. The second quarter began with a historically poor start, but gained momentum later as tariff fears subsided and market volatility dropped precipitously. Conestoga Smid Cap Composite underperformed the Russell 2500 Growth Index in the quarter and returned 5.00% net-of-fees vs 11.31% for the index. Sector allocation effects were positive, while stock selection effects were negative. 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’ Q2 2025 investor letter can be downloaded here.