Broker Check

Operational Update

As a result of the World Health Organization’s declaration of the Coronavirus pandemic and local cases in our region, Conestoga has implemented its business continuity plan.  The plan is specific to the Coronavirus outbreak and enables the firm to continue to manage and trade client portfolios, perform research, and service our clients.  Our top priorities are our clients and the safety of our employees.  We have taken the following actions as part of this plan:

    • On Friday, March 13th, all staff began working remotely and have been encouraged to practice social distancing.  Our investment team, traders, operations and client service group can remotely access all systems normally used to manage client portfolios, access investment research, trade portfolios, and interface with custodians.  We have also been in contact with key vendors and service providers to confirm their abilities to continue to provide their services.              
    • The investment team will be holding twice-daily conference calls, at a minimum, to review Conestoga’s portfolios in lieu of the more typical conversations that occur in the office each day.  The trading, operations, and client service teams are in regular contact as well.
    • All travel and outside business meetings have been postponed. At this time, no members of our team are symptomatic or feeling unwell, however, we have advised all employees that if they do not feel well to stay at home for two weeks (the current suggestion from health officials).       

We have not experienced any notable workflow or systems issues, which is consistent with our past tests in this type of environment. (Tests of our disaster recovery plan occur at least quarterly). 

Conestoga will reassess our plan as the situation evolves and warrants.  Please do not hesitate to contact us if you have any questions.  We would be happy to schedule a conference call to discuss your portfolio. 

On behalf of all of us at Conestoga, thank you for your continued support. 

                             CONESTOGA IN THE NEWS!

                             CONESTOGA IN THE NEWS!

Co-Portfolio Managers Bob Mitchell and Derek Johnston were featured on the Animal Spirits – Talk Your Book podcast in February.  Bob and Derek reviewed their investment philosophy and approach for managing the Conestoga SMid Cap Fund (Tickers: CCSMX / CCGSX).  Animal Spirits is a weekly podcast about markets and investing hosted by Michael Batnick and Ben Carlson of Ritholtz Wealth Management. You can listen to the podcast at your convenience by clicking the link below:

Talk Your Book Podcast - Conestoga SMid Cap

Disclosure Information: Current and future portfolio holdings are subject to risk. The Top Ten Holdings by portfolio percent weight in the Conestoga SMid Cap Fund as of March 31, 2020 are as follows: 1. Rollins, Inc. (3.46%);  2. Jack Henry & Associates, Inc. (3.45%);  3. Repligen Corporation (3.22%); 4. Mercury Systems, Inc. (3.19%);  5. Pool Corporation (3.14%);  6. West Pharmaceutical Services, Inc. (3.08%);  7. Bright Horizons Family Solutions, Inc. (3.07%);  8. Omnicell, Inc. (2.84%); 9. Tyler Technologies, Inc. (2.79%); and, 10. Exponent, Inc. (2.63%).


Our professionals combine their individual expertise to forge a dynamic collective. We believe our team-based, research-intensive and hands-on approach to investment management promotes a truly comprehensive perspective.

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