The holding now accounts for 1.31% of the fund’s AUM, placing it outside the fund’s top five holdings.On November 12, 2025, Staley Capital Advisers reduced its holding in Mercury Systems (MRCY 2.76%), cutting its stake by $6.51 million, according to an SEC 13-F filing.What happenedStaley Capital Advisers sold 58,820 shares of Mercury Systems in the third quarter of 2025. The transaction lowered the fund’s position to 411,310 shares, worth $31.84 million as of quarter-end.Staley Capital Advisers’ stake in Me ...

Core Insights - Conestoga Capital Advisors sold 279,026 shares of Mercury Systems for approximately $17.35 million, reducing its holdings to 2,279,909 shares [2][3] - The sale represents 2.83% of Conestoga's reportable assets under management [3] - Mercury Systems' stock price increased by 129.6% year-over-year, outperforming the S&P 500 by 111.01 percentage points [3] Company Overview - Mercury Systems specializes in manufacturing components, products, modules, and subsystems for the aerospace and defense industry [5][6] - The company reported a market capitalization of $4.76 billion and a revenue of $912.02 million for the trailing twelve months [4] - As of October 23, 2025, the stock price was $77.60, reflecting a one-year price change of 129.59% [4] Recent Performance - Mercury Systems' shares have advanced by 89% year-to-date, significantly outperforming the S&P 500's 17% performance [9] - The recent sale by Conestoga is viewed as profit-taking rather than a negative outlook on Mercury Systems' stock [9][10]