Conestoga Capital Advisors Small Cap Strategy’s Q3 2026 Investor Letter

Conestoga Capital Advisors, an asset management company, released its third-quarter 2026 investor letter. In 2026, Small Caps initially outperformed but faced challenges in the third quarter, marked by the Russell 2000 Growth Index’s -9.4% decline versus the S&P 500’s +2.3% rise. Factors such as rising Treasury yields and higher oil prices due to geopolitical tensions, especially in Iran, played a role. The Federal Reserve’s policy shifts influenced market sentiment, leading to a selloff in...