Conestoga Capital Advisors released its second-quarter 2025 investor letter, reporting a 3.46% net return for the Conestoga Mid Cap Composite, trailing the Russell Mid Cap Growth Index. Investor enthusiasm shifted towards high-beta and AI stocks in the second quarter, posing challenges for the Mid Cap Strategy. Review the fund’s top 5 holdings for insights into their key selections for 2025.

Bentley Systems, Incorporated (NASDAQ: BSY) was highlighted in the investor letter, with a one-month return of 8.56% and a market capitalization of $17.775 billion. The company delivered its thirteenth consecutive quarter of double-digit annual recurring revenue growth, driven by strength in Public Works, Utilities, and Small/Medium sized customers.

Bentley Systems, Incorporated (NASDAQ: BSY) reported total revenues of $371 million for the first quarter, a 10% increase compared to the previous year. 38 hedge fund portfolios held Bentley Systems, Incorporated (NASDAQ: BSY) at the end of the first quarter. While the company shows investment potential, certain AI stocks offer greater upside potential and less downside risk.

Bentley Systems, Incorporated (NASDAQ: BSY) is not among the 30 Most Popular Stocks Among Hedge Funds. The company’s shares gained 20.63% of their value over the last 52 weeks. Bentley Systems, Incorporated (NASDAQ: BSY) closed at $58.59 per share on July 25, 2025.

Read more at Yahoo Finance: Bentley Systems (BSY) Reported the 13th Quarter of Double-Digit ARR Growth