Conestoga Capital Advisors released its third-quarter 2025 investor letter, noting equity markets’ momentum and record highs. The Conestoga Micro-Cap Composite returned 11.7% net-of-fees, compared to the Russell Microcap Growth Index’s 19.9% return. Check the top 5 holdings for insights into their 2025 picks.

In the investor letter, Conestoga Capital Advisors highlighted Bowman Consulting Group Ltd. (NASDAQ:BWMN), a provider of real estate, energy, and infrastructure solutions. The stock showed a one-month return of -1.89% and gained 101.69% over the past 52 weeks, closing at $41.73 per share on October 17, 2025.

Conestoga Capital Advisors praised Bowman Consulting Group Ltd. (NASDAQ:BWMN)’s services in their investor letter, noting infrastructure spending tailwinds driving growth. Strategic acquisitions and margin expansion contributed to profitability and investor sentiment. The firm emphasized long-term infrastructure demand visibility.

Bowman Consulting Group Ltd. (NASDAQ:BWMN) is not among the 30 most popular stocks among hedge funds. However, 8 hedge fund portfolios held the stock by the end of the second quarter, up from 6 in the previous quarter. While Bowman Consulting Group Ltd. (NASDAQ:BWMN) shows investment potential, there are AI stocks with greater upside potential and lower downside risk.

Read more at Yahoo Finance: Bowman Consulting Group, Ltd. (BWMN) Surged on Broad-Based Growth Drivers