Conestoga Capital Advisors released its Q3 2025 investor letter, noting equity markets hitting all-time highs. The Conestoga Small Cap Composite returned -1.4% net-of-fees, underperforming the Russell 2000 Growth Index. Check the fund’s top 5 holdings for insights into their 2025 picks.

SPS Commerce, Inc. (NASDAQ:SPSC) was highlighted in Conestoga Capital Advisors’ Q3 2025 letter. The stock, offering cloud-based supply chain solutions, had a one-month return of 1.74% and a 43.44% loss over 52 weeks, closing at $109.05/share with a market cap of $4.134 billion on Oct. 17, 2025.

Regarding SPS Commerce, Inc. (NASDAQ:SPSC), Conestoga Capital Advisors noted the company’s provision of cloud EDI and supply-chain connectivity. While Q2 exceeded expectations, the growth rate surprised investors, but the margin expansion was positive. Investors await execution and comfort with revenue growth pace.

SPS Commerce, Inc. (NASDAQ:SPSC) is not among the 30 most popular stocks among hedge funds. 34 hedge fund portfolios held SPSC at the end of Q2, up from 31 in the previous quarter. Revenue grew 22% to $187.4 million in Q2 2025. While potential exists for SPSC, certain AI stocks offer greater upside potential.

Read more at Yahoo Finance: Should You Hold SPS Commerce (SPSC)?