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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>103938.52000000</valUSD>
        <pctVal>3.426125340472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>I3 Verticals INC</name>
        <lei>549300944CYWVP06CJ97</lei>
        <title>I3 Verticals, Inc. - Class A </title>
        <cusip>46571Y107</cusip>
        <identifiers>
          <isin value="US46571Y1073"/>
        </identifiers>
        <balance>5287.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>120490.73000000</valUSD>
        <pctVal>3.971735823687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Omega Flex Inc</name>
        <lei>N/A</lei>
        <title>OMEGA FLEX, INC. </title>
        <cusip>682095104</cusip>
        <identifiers>
          <isin value="US6820951043"/>
        </identifiers>
        <balance>461.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58523.95000000</valUSD>
        <pctVal>1.929124910760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intricom Corp</name>
        <lei>549300QOZJC6ZFWND923</lei>
        <title>INTRICON CORPORATION </title>
        <cusip>46121H109</cusip>
        <identifiers>
          <isin value="US46121H1095"/>
        </identifiers>
        <balance>5670.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91683.90000000</valUSD>
        <pctVal>3.022176312529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mesa Laboratories</name>
        <lei>549300ZCG738WLX8ZW79</lei>
        <title>Mesa Laboratories, Inc. </title>
        <cusip>59064R109</cusip>
        <identifiers>
          <isin value="US59064R1095"/>
        </identifiers>
        <balance>291.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95474.19000000</valUSD>
        <pctVal>3.147115638360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Model N Inc</name>
        <lei>549300WCIL3W0EYSBN94</lei>
        <title>MODEL N, INC. </title>
        <cusip>607525102</cusip>
        <identifiers>
          <isin value="US6075251024"/>
        </identifiers>
        <balance>3868.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>116156.04000000</valUSD>
        <pctVal>3.828851441149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Willdan Group Inc</name>
        <lei>529900YQO0LF5VAEKN05</lei>
        <title>WILLDAN GROUP, INC. </title>
        <cusip>96924N100</cusip>
        <identifiers>
          <isin value="US96924N1000"/>
        </identifiers>
        <balance>2456.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>86451.20000000</valUSD>
        <pctVal>2.849690827175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Simulations Plus I</name>
        <lei>N/A</lei>
        <title>Simulations Plus, Inc. </title>
        <cusip>829214105</cusip>
        <identifiers>
          <isin value="US8292141053"/>
        </identifiers>
        <balance>2483.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117445.90000000</valUSD>
        <pctVal>3.871369095159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Codexis Inc</name>
        <lei>549300KGLM6CDPTVSE20</lei>
        <title>Codexis, Inc. </title>
        <cusip>192005106</cusip>
        <identifiers>
          <isin value="US1920051067"/>
        </identifiers>
        <balance>4950.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64548.00000000</valUSD>
        <pctVal>2.127695665445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nv5 Global In</name>
        <lei>N/A</lei>
        <title>NV5 Holdings, Inc. </title>
        <cusip>62945V109</cusip>
        <identifiers>
          <isin value="US62945V1098"/>
        </identifiers>
        <balance>929.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>128313.48000000</valUSD>
        <pctVal>4.229597124840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-01-18</ncom:dateSigned>
      <ncom:nameOfApplicant>Conestoga Micro Cap Fund</ncom:nameOfApplicant>
      <ncom:signature>Daniel Bauer</ncom:signature>
      <ncom:signerName>Daniel Bauer</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
