{
  "crd_number": 111750,
  "slug": "conestoga-capital-advisors-llc-wayne-pa-111750",
  "primary_business_name": "CONESTOGA CAPITAL ADVISORS, LLC",
  "legal_name": "CONESTOGA CAPITAL ADVISORS, LLC",
  "dbas": [],
  "city": "Wayne",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "37980",
  "metro": {
    "cbsa_code": "37980",
    "common_name": "Philadelphia",
    "msa_name": "Philadelphia-Camden-Wilmington, PA-NJ-DE-MD",
    "path": "/advisors/pa/philadelphia"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2001-04-18",
  "years_registered": 25,
  "period": "2026-10-01",
  "filing_date": "2026-03-09",
  "carried_forward": false,
  "raum_total": 6935030540.0,
  "raum_discretionary": 6371392812.0,
  "raum_non_discretionary": 563637728.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 18,
  "advisory_employees": 9,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 563637728.0,
      "count": 7,
      "description": "UMA PLATFORMS"
    },
    "charitable": {
      "raum": 489931631.0,
      "count": 22
    },
    "individuals": {
      "raum": 9183184.0,
      "count": 38
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 284946221.0,
      "count": 9
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 3886023934.0,
      "count": 6
    },
    "pension_profit_sharing": {
      "raum": 430800708.0,
      "count": 10
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 465816022.0,
      "count": 137
    },
    "pooled_investment_vehicles": {
      "raum": 794606082.0,
      "count": 3
    },
    "corporations_other_businesses": {
      "raum": 10085030.0,
      "count": 1,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "MD",
    "MO",
    "NJ",
    "OH",
    "PA",
    "TX",
    "WA",
    "WI"
  ],
  "websites": [
    "https://conestogacapital.com",
    "https://conestogafunds.com",
    "https://linkedin.com/COMPANY/CONESTOGA-CAPITAL-ADVISORS"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111750",
  "city_as_filed": "WAYNE",
  "url": "https://advisorcensus.com/firm/conestoga-capital-advisors-llc-wayne-pa-111750",
  "display_name": "Conestoga Capital Advisors, LLC",
  "summary": "Conestoga Capital Advisors, LLC is an SEC-registered investment advisory firm in Wayne, PA, registered since 2001, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 9, 2026.",
  "citation": "AdvisorCensus. Conestoga Capital Advisors, LLC (CRD 111750): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Conestoga Capital Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Conestoga Capital Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Conestoga Capital Advisors, LLC located?",
      "a": "Conestoga Capital Advisors, LLC's principal office is in Wayne, PA, according to its Form ADV."
    },
    {
      "q": "Is Conestoga Capital Advisors, LLC registered with the SEC or a state?",
      "a": "Conestoga Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 111750."
    },
    {
      "q": "How much does Conestoga Capital Advisors, LLC manage?",
      "a": "Conestoga Capital Advisors, LLC reports $6,935,030,540 in regulatory assets under management in its Form ADV filing dated March 9, 2026 (92% discretionary)."
    },
    {
      "q": "How have Conestoga Capital Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Conestoga Capital Advisors, LLC: Regulatory assets under management: $7,338,631,986 in the October 2021 data and $6,935,030,540 in the October 2026 data, down 5%. Total employees: 15 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Conestoga Capital Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (137); individuals (other than high net worth individuals) (38); charitable organizations (22)."
    },
    {
      "q": "Which custodians does Conestoga Capital Advisors, LLC use?",
      "a": "Conestoga Capital Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York and Northern Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Conestoga Capital Advisors, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111750"
    },
    {
      "q": "What changed in Conestoga Capital Advisors, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $8,756,199,619 to $6,935,030,540 (-21%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 7338631986.0,
      "total_employees": 15,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 8883655011.0,
      "total_employees": 16,
      "filing_date": "2022-03-28"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 6225839189.0,
      "total_employees": 17,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 7818831145.0,
      "total_employees": 17,
      "filing_date": "2024-02-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 8756199619.0,
      "total_employees": 18,
      "filing_date": "2025-01-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 6935030540.0,
      "total_employees": 18,
      "filing_date": "2026-03-09"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $8,756,199,619 to $6,935,030,540 (-21%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in NY."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Bank of New York",
      "name_as_filed": "BANK OF NEW YORK",
      "affiliated": false
    },
    {
      "name": "Northern Trust Company",
      "name_as_filed": "NORTHERN TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/conestoga-capital-advisors-llc-wayne-pa-111750.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 38,
      "fewer_than_5": false,
      "raum": 9183184.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 137,
      "fewer_than_5": false,
      "raum": 465816022.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 6,
      "fewer_than_5": false,
      "raum": 3886023934.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 794606082.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 430800708.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 22,
      "fewer_than_5": false,
      "raum": 489931631.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 9,
      "fewer_than_5": false,
      "raum": 284946221.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 10085030.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 7,
      "fewer_than_5": false,
      "raum": 563637728.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111750",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}