CONESTOGA SMALL CAP FUND
SCHEDULE OF INVESTMENTS
December 31, 2023 (Unaudited)
| COMMON STOCKS - 98.1% | Shares | Value | ||||||
| Basic Materials - 5.9% | ||||||||
| Metal Fabricating - 3.4% | ||||||||
| Omega Flex, Inc. | 226,754 | $ | 15,988,425 | |||||
| RBC Bearings, Inc. (a) | 412,075 | 117,396,047 | ||||||
| 133,384,472 | ||||||||
| Specialty Chemicals - 2.5% | ||||||||
| Balchem Corporation | 677,810 | 100,824,238 | ||||||
| Consumer Discretionary - 4.2% | ||||||||
| Home Improvement Retailers - 2.8% | ||||||||
| SiteOne Landscape Supply, Inc. (a) | 681,630 | 110,764,875 | ||||||
| Recreational Products - 1.4% | ||||||||
| Fox Factory Holding Corporation (a) | 799,438 | 53,946,076 | ||||||
| Consumer Staples - 1.4% | ||||||||
| Nondurable Household Products - 1.4% | ||||||||
| WD-40 Company | 224,751 | 53,731,222 | ||||||
| Financials - 2.0% | ||||||||
| Financial Data Providers - 2.0% | ||||||||
| Clearwater Analytics Holdings, Inc. - Class A (a) | 3,878,863 | 77,693,626 | ||||||
| Health Care - 12.3% | ||||||||
| Biotechnology - 1.4% | ||||||||
| Vericel Corporation (a) | 1,594,450 | 56,778,364 | ||||||
| Health Care Management Services - 0.6% | ||||||||
| National Research Corporation | 559,374 | 22,128,835 | ||||||
| Medical Equipment - 6.2% | ||||||||
| LeMaitre Vascular, Inc. (b) | 1,365,296 | 77,494,201 | ||||||
| Merit Medical Systems, Inc. (a) | 1,278,970 | 97,150,561 | ||||||
| Repligen Corporation (a) | 395,035 | 71,027,293 | ||||||
| 245,672,055 | ||||||||
CONESTOGA SMALL CAP FUND
SCHEDULE OF INVESTMENTS (Continued)
| COMMON STOCKS - 98.1% (Continued) | Shares | Value | ||||||
| Health Care - 12.3% (Continued) | ||||||||
| Medical Supplies - 4.1% | ||||||||
| Neogen Corporation (a) | 4,235,141 | $ | 85,168,686 | |||||
| Stevanato Group S.p.A. (b) | 2,797,602 | 76,346,559 | ||||||
| 161,515,245 | ||||||||
| Industrials - 33.6% | ||||||||
| Building Materials: Other - 6.6% | ||||||||
| Simpson Manufacturing Company, Inc. | 866,065 | 171,463,549 | ||||||
| Trex Company, Inc. (a) | 1,064,885 | 88,161,829 | ||||||
| 259,625,378 | ||||||||
| Building: Climate Control - 4.4% | ||||||||
| AAON, Inc. | 2,350,387 | 173,623,088 | ||||||
| Commercial Vehicles and Parts - 1.8% | ||||||||
| Federal Signal Corporation | 944,450 | 72,477,093 | ||||||
| Construction - 2.9% | ||||||||
| Construction Partners, Inc. - Class A (a)(b) | 2,644,907 | 115,106,353 | ||||||
| Defense - 3.4% | ||||||||
| Axon Enterprise, Inc. (a) | 306,240 | 79,110,979 | ||||||
| Mercury Systems, Inc. (a) | 1,447,683 | 52,941,767 | ||||||
| 132,052,746 | ||||||||
| Diversified Industrials - 3.4% | ||||||||
| CSW Industrials, Inc. | 233,500 | 48,430,235 | ||||||
| ESCO Technologies, Inc. | 724,180 | 84,750,785 | ||||||
| 133,181,020 | ||||||||
| Electronic Equipment: Control & Filter - 1.6% | ||||||||
| Helios Technologies, Inc. | 1,405,682 | 63,747,679 | ||||||
| Electronic Equipment: Gauges & Meters - 2.5% | ||||||||
| Mesa Laboratories, Inc. (b) | 401,006 | 42,013,399 | ||||||
| Transcat, Inc. (a)(b) | 531,499 | 58,108,786 | ||||||
| 100,122,185 | ||||||||
| Engineering & Contracting Services - 3.3% | ||||||||
| Exponent, Inc. | 1,483,980 | 130,649,599 | ||||||
CONESTOGA SMALL CAP FUND
SCHEDULE OF INVESTMENTS (Continued)
| COMMON STOCKS - 98.1% (Continued) | Shares | Value | ||||||
| Industrials - 33.6% (Continued) | ||||||||
| Industrial Suppliers - 1.2% | ||||||||
| Hillman Solutions Corporation (a) | 5,165,662 | $ | 47,575,747 | |||||
| Machinery: Construction & Handling - 1.1% | ||||||||
| Douglas Dynamics, Inc. (b) | 1,514,034 | 44,936,529 | ||||||
| Machinery: Industrial - 1.4% | ||||||||
| John Bean Technologies Corporation | 560,930 | 55,784,488 | ||||||
| Real Estate - 3.2% | ||||||||
| Real Estate Services - 3.2% | ||||||||
| FirstService Corporation | 785,635 | 127,343,577 | ||||||
| Technology - 29.9% | ||||||||
| Computer Services - 1.5% | ||||||||
| Workiva, Inc. (a) | 574,235 | 58,302,080 | ||||||
| Consumer Digital Services - 0.7% | ||||||||
| Definitive Healthcare Corporation - Class A (a) | 3,077,323 | 30,588,591 | ||||||
| Production Technology Equipment - 4.8% | ||||||||
| Azenta, Inc. (a) | 890,950 | 58,036,483 | ||||||
| Novanta, Inc. (a) | 777,190 | 130,886,568 | ||||||
| 188,923,051 | ||||||||
| Software - 22.9% | ||||||||
| Altair Engineering, Inc. - Class A (a) | 1,547,780 | 130,245,687 | ||||||
| BlackLine, Inc. (a) | 993,440 | 62,030,394 | ||||||
| Descartes Systems Group, Inc. (The) (a) | 1,854,046 | 155,851,107 | ||||||
| Model N, Inc. (a)(b) | 2,672,432 | 71,968,594 | ||||||
| Paycor HCM, Inc. (a) | 2,870,955 | 61,983,918 | ||||||
| PROS Holdings, Inc. (a) | 2,243,665 | 87,031,765 | ||||||
| Q2 Holdings, Inc. (a) | 1,266,786 | 54,991,180 | ||||||
| Simulations Plus, Inc. (b) | 1,570,175 | 70,265,331 | ||||||
| SPS Commerce, Inc. (a) | 815,905 | 158,155,025 | ||||||
| Vertex, Inc. - Class A (a) | 1,938,427 | 52,221,223 | ||||||
| 904,744,224 | ||||||||
CONESTOGA SMALL CAP FUND
SCHEDULE OF INVESTMENTS (Continued)
| COMMON STOCKS - 98.1% (Continued) | Shares | Value | ||||||
| Telecommunications - 1.7% | ||||||||
| Telecommunications Equipment - 1.7% | ||||||||
| Digi International, Inc. (a)(b) | 2,503,900 | $ | 65,101,400 | |||||
| Utilities - 3.9% | ||||||||
| Waste & Disposal Services - 3.9% | ||||||||
| Casella Waste Systems, Inc. - Class A (a) | 1,794,235 | 153,335,323 | ||||||
| Total Common Stocks (Cost $2,401,335,595) | $ | 3,873,659,159 | ||||||
| MONEY MARKET FUNDS - 1.1% | Shares | Value | ||||||
| Fidelity Investments Money Market Treasury Portfolio - Class I, 5.22% (c) (Cost $45,061,844) | 45,061,844 | $ | 45,061,844 | |||||
| Total Investments at Value - 99.2% (Cost $2,446,397,439) | $ | 3,918,721,003 | ||||||
| Other Assets in Excess of Liabilities - 0.8% | 31,389,456 | |||||||
| Net Assets - 100.0% | $ | 3,950,110,459 | ||||||
| (a) | Non-income producing security. |
| (b) | The Fund owned 5% or more of the company's outstanding voting shares thereby making the company an affiliate of the Fund as that term is defined in the Investment Company Act of 1940. |
| (c) | The rate shown is the 7-day effective yield as of December 31, 2023. |
Schedule of Investments uses the Russell ICB Industry and Sector classification.
CONESTOGA SMID CAP FUND
SCHEDULE OF INVESTMENTS
December 31, 2023 (Unaudited)
| COMMON STOCKS - 99.4% | Shares | Value | ||||||
| Basic Materials - 4.6% | ||||||||
| Metal Fabricating - 2.9% | ||||||||
| RBC Bearings, Inc. (a) | 43,875 | $ | 12,499,549 | |||||
| Specialty Chemicals - 1.7% | ||||||||
| Balchem Corporation | 48,985 | 7,286,519 | ||||||
| Consumer Discretionary - 12.3% | ||||||||
| Consumer Services: Miscellaneous - 3.1% | ||||||||
| Rollins, Inc. | 309,000 | 13,494,030 | ||||||
| Education Services - 1.6% | ||||||||
| Bright Horizons Family Solutions, Inc. (a) | 73,345 | 6,912,033 | ||||||
| Home Improvement Retailers - 2.1% | ||||||||
| SiteOne Landscape Supply, Inc. (a) | 55,695 | 9,050,438 | ||||||
| Hotels & Motels - 1.5% | ||||||||
| Vail Resorts, Inc. | 30,720 | 6,557,798 | ||||||
| Recreational Products - 2.8% | ||||||||
| Pool Corporation | 30,045 | 11,979,242 | ||||||
| Recreational Vehicles & Boats - 1.2% | ||||||||
| LCI Industries | 42,200 | 5,304,962 | ||||||
| Financials - 1.7% | ||||||||
| Financial Data Providers - 1.7% | ||||||||
| Clearwater Analytics Holdings, Inc. - Class A (a) | 372,000 | 7,451,160 | ||||||
| Health Care - 12.3% | ||||||||
| Medical Equipment - 4.9% | ||||||||
| Merit Medical Systems, Inc. (a) | 136,258 | 10,350,158 | ||||||
| Repligen Corporation (a) | 60,540 | 10,885,092 | ||||||
| 21,235,250 | ||||||||
CONESTOGA SMID CAP FUND
SCHEDULE OF INVESTMENTS (Continued)
| COMMON STOCKS - 99.4% (Continued) | Shares | Value | ||||||
| Health Care - 12.3% (Continued) | ||||||||
| Medical Supplies - 7.4% | ||||||||
| Bio-Techne Corporation | 94,125 | $ | 7,262,685 | |||||
| Neogen Corporation (a) | 300,111 | 6,035,232 | ||||||
| Stevanato Group S.p.A. | 223,577 | 6,101,416 | ||||||
| Teleflex, Inc. | 22,975 | 5,728,587 | ||||||
| West Pharmaceutical Services, Inc. | 20,000 | 7,042,400 | ||||||
| 32,170,320 | ||||||||
| Industrials - 36.4% | ||||||||
| Aerospace - 2.2% | ||||||||
| HEICO Corporation - Class A | 67,350 | 9,593,334 | ||||||
| Building Materials: Other - 5.4% | ||||||||
| Simpson Manufacturing Company, Inc. | 54,050 | 10,700,819 | ||||||
| Trex Company, Inc. (a) | 155,105 | 12,841,143 | ||||||
| 23,541,962 | ||||||||
| Building: Climate Control - 3.0% | ||||||||
| Watsco, Inc. | 30,080 | 12,888,378 | ||||||
| Construction - 2.9% | ||||||||
| Construction Partners, Inc. - Class A (a) | 289,450 | 12,596,864 | ||||||
| Defense - 3.6% | ||||||||
| Axon Enterprise, Inc. (a) | 38,155 | 9,856,581 | ||||||
| Mercury Systems, Inc. (a) | 155,700 | 5,693,949 | ||||||
| 15,550,530 | ||||||||
| Diversified Industrials - 1.2% | ||||||||
| CSW Industrials, Inc. | 25,600 | 5,309,696 | ||||||
| Electronic Equipment: Control & Filter - 0.9% | ||||||||
| MSA Safety, Inc. | 23,605 | 3,985,232 | ||||||
| Electronic Equipment: Gauges & Meters - 1.0% | ||||||||
| Cognex Corporation | 107,000 | 4,466,180 | ||||||
CONESTOGA SMID CAP FUND
SCHEDULE OF INVESTMENTS (Continued)
| COMMON STOCKS - 99.4% (Continued) | Shares | Value | ||||||
| Industrials - 36.4% (Continued) | ||||||||
| Engineering & Contracting Services - 2.9% | ||||||||
| Exponent, Inc. | 139,605 | $ | 12,290,824 | |||||
| Industrial Suppliers - 1.4% | ||||||||
| Hillman Solutions Corporation (a) | 671,805 | 6,187,324 | ||||||
| Machinery: Engines - 1.0% | ||||||||
| Generac Holdings, Inc. (a) | 31,660 | 4,091,738 | ||||||
| Machinery: Industrial - 2.7% | ||||||||
| EVI Industries, Inc. | 289,692 | 6,874,391 | ||||||
| John Bean Technologies Corporation | 48,605 | 4,833,767 | ||||||
| 11,708,158 | ||||||||
| Machinery: Specialty - 2.7% | ||||||||
| Graco, Inc. | 133,055 | 11,543,852 | ||||||
| Professional Business Support Services - 3.3% | ||||||||
| Fair Isaac Corporation (a) | 12,265 | 14,276,583 | ||||||
| Transaction Processing Services - 2.2% | ||||||||
| Jack Henry & Associates, Inc. | 58,970 | 9,636,288 | ||||||
| Real Estate - 3.8% | ||||||||
| Real Estate Services - 3.8% | ||||||||
| FirstService Corporation | 100,625 | 16,310,306 | ||||||
| Technology - 24.3% | ||||||||
| Computer Services - 3.1% | ||||||||
| Gartner, Inc. (a) | 17,000 | 7,668,870 | ||||||
| Workiva, Inc. (a) | 55,833 | 5,668,724 | ||||||
| 13,337,594 | ||||||||
| Consumer Digital Services - 1.0% | ||||||||
| Definitive Healthcare Corporation - Class A (a) | 422,760 | 4,202,234 | ||||||
CONESTOGA SMID CAP FUND
SCHEDULE OF INVESTMENTS (Continued)
| COMMON STOCKS - 99.4% (Continued) | Shares | Value | ||||||
| Technology - 24.3% (Continued) | ||||||||
| Production Technology Equipment - 2.8% | ||||||||
| Novanta, Inc. (a) | 73,645 | $ | 12,402,554 | |||||
| Software - 17.4% | ||||||||
| Altair Engineering, Inc. - Class A (a) | 90,145 | 7,585,702 | ||||||
| CCC Intelligent Solutions Holdings, Inc. (a) | 404,085 | 4,602,528 | ||||||
| Descartes Systems Group, Inc. (The) (a) | 154,475 | 12,985,168 | ||||||
| Five9, Inc. (a) | 54,300 | 4,272,867 | ||||||
| Guidewire Software, Inc. (a) | 74,620 | 8,136,565 | ||||||
| Paycor HCM, Inc. (a) | 295,040 | 6,369,914 | ||||||
| Q2 Holdings, Inc. (a) | 139,030 | 6,035,292 | ||||||
| SPS Commerce, Inc. (a) | 73,434 | 14,234,447 | ||||||
| Tyler Technologies, Inc. (a) | 27,000 | 11,289,240 | ||||||
| 75,511,723 | ||||||||
| Utilities - 4.0% | ||||||||
| Waste & Disposal Services - 4.0% | ||||||||
| Casella Waste Systems, Inc. - Class A (a) | 200,200 | 17,109,092 | ||||||
| Total Investments at Value - 99.4% (Cost $304,838,259) | $ | 430,481,747 | ||||||
| Other Assets in Excess of Liabilities - 0.6% | 2,598,367 | |||||||
| Net Assets - 100.0% | $ | 433,080,114 | ||||||
| (a) | Non-income producing security. |
Schedule of Investments uses the Russell ICB Industry and Sector classification.
CONESTOGA MID CAP FUND
SCHEDULE OF INVESTMENTS
December 31, 2023 (Unaudited)
| COMMON STOCKS - 97.2% | Shares | Value | ||||||
| Consumer Discretionary - 17.6% | ||||||||
| Consumer Services: Miscellaneous - 10.5% | ||||||||
| Copart, Inc. (a) | 3,140 | $ | 153,859 | |||||
| Rollins, Inc. | 3,010 | 131,447 | ||||||
| 285,306 | ||||||||
| Education Services - 1.8% | ||||||||
| Bright Horizons Family Solutions, Inc. (a) | 525 | 49,476 | ||||||
| Recreational Products - 3.9% | ||||||||
| Pool Corporation | 265 | 105,658 | ||||||
| Specialty Retail - 1.4% | ||||||||
| Tractor Supply Company | 185 | 39,781 | ||||||
| Financials - 2.2% | ||||||||
| Financial Data Providers - 2.2% | ||||||||
| FactSet Research Systems, Inc. | 125 | 59,631 | ||||||
| Health Care - 21.2% | ||||||||
| Health Care Services - 2.8% | ||||||||
| Veeva Systems, Inc. - Class A (a) | 400 | 77,008 | ||||||
| Medical Equipment - 9.2% | ||||||||
| IDEXX Laboratories, Inc. (a) | 205 | 113,784 | ||||||
| Repligen Corporation (a) | 360 | 64,728 | ||||||
| STERIS plc | 330 | 72,551 | ||||||
| 251,063 | ||||||||
| Medical Supplies - 9.2% | ||||||||
| Align Technology, Inc. (a) | 135 | 36,990 | ||||||
| Bio-Techne Corporation | 925 | 71,373 | ||||||
| Teleflex, Inc. | 155 | 38,648 | ||||||
| West Pharmaceutical Services, Inc. | 290 | 102,115 | ||||||
| 249,126 | ||||||||
CONESTOGA MID CAP FUND
SCHEDULE OF INVESTMENTS (Continued)
| COMMON STOCKS - 97.2% (Continued) | Shares | Value | ||||||
| Industrials - 24.0% | ||||||||
| Aerospace - 3.9% | ||||||||
| HEICO Corporation - Class A | 755 | $ | 107,543 | |||||
| Building: Climate Control - 2.8% | ||||||||
| Watsco, Inc. | 175 | 74,982 | ||||||
| Electronic Equipment: Gauges & Meters - 1.8% | ||||||||
| Mettler-Toledo International, Inc. (a) | 40 | 48,518 | ||||||
| Electronic Equipment: Pollution Control - 1.5% | ||||||||
| Xylem, Inc. | 355 | 40,598 | ||||||
| Engineering & Contracting Services - 1.9% | ||||||||
| Exponent, Inc. | 595 | 52,384 | ||||||
| Machinery: Engines - 1.5% | ||||||||
| Generac Holdings, Inc. (a) | 310 | 40,064 | ||||||
| Machinery: Specialty - 3.3% | ||||||||
| Graco, Inc. | 1,040 | 90,230 | ||||||
| Professional Business Support Services - 4.4% | ||||||||
| Verisk Analytics, Inc. | 505 | 120,625 | ||||||
| Transaction Processing Services - 2.9% | ||||||||
| Jack Henry & Associates, Inc. | 480 | 78,437 | ||||||
| Real Estate - 4.1% | ||||||||
| Real Estate Services - 4.1% | ||||||||
| CoStar Group, Inc. (a) | 1,290 | 112,733 | ||||||
| Technology - 23.9% | ||||||||
| Computer Services - 3.9% | ||||||||
| Gartner, Inc. (a) | 235 | 106,011 | ||||||
CONESTOGA MID CAP FUND
SCHEDULE OF INVESTMENTS (Continued)
| COMMON STOCKS - 97.2% (Continued) | Shares | Value | ||||||
| Technology - 23.9% (Continued) | ||||||||
| Software - 20.0% | ||||||||
| ANSYS, Inc. (a) | 285 | $ | 103,421 | |||||
| Bentley Systems, Inc. | 810 | 42,266 | ||||||
| Five9, Inc. (a) | 310 | 24,394 | ||||||
| Fortinet, Inc. (a) | 1,205 | 70,529 | ||||||
| Guidewire Software, Inc. (a) | 450 | 49,068 | ||||||
| Lightspeed Commerce, Inc. (a) | 1,220 | 25,608 | ||||||
| Procore Technologies, Inc. (a) | 390 | 26,996 | ||||||
| Roper Technologies, Inc. | 195 | 106,307 | ||||||
| Tyler Technologies, Inc. (a) | 235 | 98,258 | ||||||
| 546,847 | ||||||||
| Utilities - 4.2% | ||||||||
| Waste & Disposal Services - 4.2% | ||||||||
| Waste Connections, Inc. | 765 | 114,192 | ||||||
| Total Investments at Value - 97.2% (Cost $2,572,202) | $ | 2,650,213 | ||||||
| Other Assets in Excess of Liabilities - 2.8% | 77,412 | |||||||
| Net Assets - 100.0% | $ | 2,727,625 | ||||||
| (a) | Non-income producing security. |
Schedule of Investments uses the Russell ICB Industry and Sector classification.
CONESTOGA DISCOVERY FUND
SCHEDULE OF INVESTMENTS
December 31, 2023 (Unaudited)
| COMMON STOCKS - 97.4% | Shares | Value | ||||||
| Consumer Discretionary - 2.5% | ||||||||
| Entertainment - 2.5% | ||||||||
| Thunderbird Entertainment Group, Inc. (a) | 57,956 | $ | 99,140 | |||||
| Financials - 3.6% | ||||||||
| Property & Casualty Insurance - 3.6% | ||||||||
| Palomar Holdings, Inc. (a) | 2,586 | 143,523 | ||||||
| Health Care - 25.3% | ||||||||
| Biotechnology - 6.4% | ||||||||
| Alpha Teknova, Inc. (a) | 23,611 | 88,069 | ||||||
| Vericel Corporation (a) | 4,629 | 164,839 | ||||||
| 252,908 | ||||||||
| Health Care Facilities - 3.4% | ||||||||
| U.S. Physical Therapy, Inc. | 1,424 | 132,631 | ||||||
| Health Care Services - 4.3% | ||||||||
| Phreesia, Inc. (a) | 7,380 | 170,847 | ||||||
| Medical Equipment - 11.2% | ||||||||
| BioLife Solutions, Inc. (a) | 6,184 | 100,490 | ||||||
| iRadimed Corporation | 1,505 | 71,442 | ||||||
| OrthoPediatrics Corporation (a) | 4,324 | 140,573 | ||||||
| Semler Scientific, Inc. (a) | 2,911 | 128,928 | ||||||
| 441,433 | ||||||||
| Industrials - 37.2% | ||||||||
| Construction - 3.8% | ||||||||
| Construction Partners, Inc. - Class A (a) | 3,488 | 151,798 | ||||||
| Electronic Equipment: Gauges & Meters - 6.1% | ||||||||
| Mesa Laboratories, Inc. | 761 | 79,730 | ||||||
| Transcat, Inc. (a) | 1,475 | 161,262 | ||||||
| 240,992 | ||||||||
| Engineering & Contracting Services - 2.9% | ||||||||
| Willdan Group, Inc. (a) | 5,271 | 113,327 | ||||||
CONESTOGA DISCOVERY FUND
SCHEDULE OF INVESTMENTS (Continued)
| COMMON STOCKS - 97.4% (Continued) | Shares | Value | ||||||
| Industrials - 37.2% (Continued) | ||||||||
| Industrial Suppliers - 6.6% | ||||||||
| CryoPort, Inc. (a) | 6,747 | $ | 104,511 | |||||
| Hillman Solutions Corporation (a) | 16,750 | 154,267 | ||||||
| 258,778 | ||||||||
| Machinery: Construction & Handling - 2.6% | ||||||||
| Douglas Dynamics, Inc. | 3,497 | 103,791 | ||||||
| Professional Business Support Services - 7.4% | ||||||||
| Montrose Environmental Group, Inc. (a) | 3,940 | 126,592 | ||||||
| NV5 Global, Inc. (a) | 1,489 | 165,458 | ||||||
| 292,050 | ||||||||
| Security Services - 4.2% | ||||||||
| SoundThinking, Inc. (a) | 6,530 | 166,776 | ||||||
| Transaction Processing Services - 3.6% | ||||||||
| I3 Verticals, Inc. - Class A (a) | 6,632 | 140,399 | ||||||
| Technology - 25.5% | ||||||||
| Consumer Digital Services - 2.1% | ||||||||
| Definitive Healthcare Corporation - Class A (a) | 8,340 | 82,900 | ||||||
| Software - 23.4% | ||||||||
| Model N, Inc. (a) | 4,877 | 131,338 | ||||||
| Olo, Inc. - Class A (a) | 20,800 | 118,976 | ||||||
| Planet Labs PBC - Class A (a) | 33,040 | 81,609 | ||||||
| PROS Holdings, Inc. (a) | 4,203 | 163,034 | ||||||
| Q2 Holdings, Inc. (a) | 3,100 | 134,571 | ||||||
| Simulations Plus, Inc. | 3,238 | 144,900 | ||||||
| TECSYS, Inc. | 6,065 | 150,109 | ||||||
| 924,537 | ||||||||
CONESTOGA DISCOVERY FUND
SCHEDULE OF INVESTMENTS (Continued)
| COMMON STOCKS - 97.4% (Continued) | Shares | Value | ||||||
| Telecommunications - 3.3% | ||||||||
| Telecommunications Equipment - 3.3% | ||||||||
| Digi International, Inc. (a) | 5,060 | $ | 131,560 | |||||
| Total Investments at Value - 97.4% (Cost $3,922,238) | $ | 3,847,390 | ||||||
| Other Assets in Excess of Liabilities - 2.6% | 103,738 | |||||||
| Net Assets - 100.0% | $ | 3,951,128 | ||||||
| (a) | Non-income producing security. |
Schedule of Investments uses the Russell ICB Industry and Sector classification.