Conestoga Small Cap Composite Q2 2025 Commentary
2025-07-23 11:00:00 ET
Performance & Attribution
The Conestoga Small Cap Composite returned 4.76% net-of-fees in the second quarter, underperforming the Russell 2000 Growth Index's return of 11.97%. The strategy began the quarter by building a significant advantage relative to the benchmark during the tariff-induced decline that began in mid-March. In the market rally that began April 8th following the announcement of delayed implementation of tariffs, lower-quality and higher beta stocks drove the market's return, and the Small Cap Composite was unable to keep pace. Over the full quarter, loss-making stocks in the Russell 2000 Growth rose 13.1% while profitable companies rose 6.8%. While frustrating, we have experienced periods like this in the past, and we continue to emphasize profitable companies in our clients' portfolios....
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Conestoga Small Cap Composite Q2 2025 Commentary
NASDAQ: ESE
ESE Trading
-0.63% G/L:
$261.83 Last:
138,490 Volume:
$266.92 Open:
