Herald Investment Management’s Descartes Systems DSGX Stock Holding History

Herald Investment Management’s Portfolio DSGX Stock Details DSGX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$7.48M	Sell	108,000 -37,000	-26%	-$2.64M	1.01%	30
2026 Q1	$10.4M	Sell	145,000 -40,000	-22%	-$2.95M	1.44%	15
2025 Q4	$16.2M	Hold	185,000	–	–	2.12%	10
2025 Q3	$17.4M	Hold	185,000	–	–	2.32%	9
2025 Q2	$18.8M	Hold	185,000	–	–	2.79%	9
2025 Q1	$18.6M	Sell	185,000 -5,000	-3%	-$553K	3.5%	6
2024 Q4	$21.6M	Sell	190,000 -20,000	-10%	-$2.23M	3.53%	5
2024 Q3	$21.6M	Sell	210,000 -20,000	-9%	-$1.99M	3.72%	7
2024 Q2	$22.2M	Sell	230,000 -10,000	-4%	-$940K	3.65%	6
2024 Q1	$21.9M	Sell	240,000 -15,000	-6%	-$1.32M	3.56%	7
2023 Q4	$21.4M	Sell	255,000 -5,000	-2%	-$390K	4.09%	5
2023 Q3	$19.1M	Sell	260,000 -20,000	-7%	-$1.51M	4.06%	4
2023 Q2	$22.4M	Sell	280,000 -5,000	-2%	-$390K	4.35%	4
2023 Q1	$23M	Sell	285,000 -25,000	-8%	-$1.86M	5.1%	3
2022 Q4	$21.6M	Hold	310,000	–	–	5.3%	4
2022 Q3	$19.7M	Hold	310,000	–	–	4.85%	3
2022 Q2	$19.2M	Hold	310,000	–	–	4.47%	2
2022 Q1	$22.7M	Hold	310,000	–	–	4.13%	5
2021 Q4	$25.6M	Sell	310,000 -10,000	-3%	-$819K	4.16%	4
2021 Q3	$26M	Sell	320,000 -18,600	-5%	-$1.41M	4.27%	3
2021 Q2	$23.4M	Hold	338,600	–	–	3.81%	5
2021 Q1	$20.6M	Hold	338,600	–	–	3.59%	6
2020 Q4	$19.8M	Hold	338,600	–	–	3.53%	6
2020 Q3	$19.3M	Sell	338,600 -91,200	-21%	-$5.05M	4.16%	4
2020 Q2	$22.7M	Sell	429,800 -26,500	-6%	-$1.18M	5.31%	3
2020 Q1	$15.7M	Hold	456,300	–	–	4.74%	5
2019 Q4	$19.5M	Hold	456,300	–	–	4.96%	4
2019 Q3	$18.4M	Hold	456,300	–	–	5.48%	4
2019 Q2	$16.9M	Sell	456,300 -21,700	-5%	-$844K	4.69%	4
2019 Q1	$17.4M	Hold	478,000	–	–	4.42%	5
2018 Q4	$12.6M	Hold	478,000	–	–	4.04%	6
2018 Q3	$16.2M	Hold	478,000	–	–	4.15%	6
2018 Q2	$15.5M	Hold	478,000	–	–	4.33%	5
2018 Q1	$13.6M	Hold	478,000	–	–	4.08%	6
2017 Q4	$13.6M	Hold	478,000	–	–	4.26%	6
2017 Q3	$13M	Hold	478,000	–	–	4.22%	6
2017 Q2	$11.6M	Hold	478,000	–	–	3.98%	5
2017 Q1	$10.9M	Hold	478,000	–	–	4.01%	5
2016 Q4	$10.2M	Sell	478,000 -72,000	-13%	-$1.53M	4.41%	5
2016 Q3	$11.8M	Hold	550,000	–	–	4.38%	2
2016 Q2	$10.5M	Hold	550,000	–	–	4.4%	2
2016 Q1	$10.7M	Hold	550,000	–	–	4.55%	2
2015 Q4	$11M	Hold	550,000	–	–	4.62%	2
2015 Q3	$9.73M	Buy	+550,000	New	+$9.33M	4.31%	3
2015 Q1	$8.22M	Hold	550,000	–	–	2.97%	8
2014 Q4	$8.15M	Hold	550,000	–	–	3.16%	7
2014 Q3	$7.45M	Hold	550,000	–	–	2.98%	8
2014 Q2	$7.89M	Hold	550,000	–	–	3.14%	6
2014 Q1	$7.49M	Hold	550,000	–	–	2.96%	8
2013 Q4	$7.35M	Hold	550,000	–	–	2.94%	9
2013 Q3	$6.16M	Hold	550,000	–	–	2.67%	11
2013 Q2	$6.34M	Buy	+550,000	New	+$5.69M	2.97%	10

Other funds holding DSGX

CCA

Conestoga Capital Advisors Wayne, Pennsylvania $4.6B AUM 16.08% 1-Year Est. Return

Ninety One (UK) London, United Kingdom $44.7B AUM 17.24% 1-Year Est. Return

Riverbridge Partners Minneapolis, Minnesota $3.58B AUM 4.02% 1-Year Est. Return

MBI

Montrusco Bolton Investments Montreal, Quebec, Canada $6.46B AUM 26.7% 1-Year Est. Return

PFM

Premier Fund Managers Guildford, United Kingdom $1.1B AUM 14.42% 1-Year Est. Return

FAM

Fenimore Asset Management Cobleskill, New York $4.83B AUM 9.09% 1-Year Est. Return

NONA

Ninety One North America New York $2.13B AUM 9.16% 1-Year Est. Return

CAM

Cidel Asset Management Toronto, Ontario, Ontario, Canada $2.08B AUM 24.89% 1-Year Est. Return

PCM

Peregrine Capital Management Minneapolis, Minnesota $3.08B AUM 29.51% 1-Year Est. Return

Pembroke Management Montreal, Quebec, Canada $637M AUM 40.98% 1-Year Est. Return

Herald Investment Management's DSGX Position: Q2 2026 in Review

Herald Investment Management reduced its Descartes Systems (DSGX) stake by 26% in Q2 2026, selling an estimated $2.64M and leaving 108,000 shares worth $7.48M. The position accounts for 1.01% of the portfolio, ranked #30.

Herald Investment Management first reported a position in DSGX in Q2 2013 and has held it in 52 quarters since. The position peaked at $26M in Q3 2021. 48 funds tracked by Wall St. Rank hold DSGX as of Q2 2026.

Herald Investment Management held 108,000 shares of Descartes Systems worth $7.48M as of Q2 2026.
Herald Investment Management sold 37,000 Descartes Systems shares in Q2 2026, an estimated $2.64M.
Descartes Systems made up 1.01% of Herald Investment Management's portfolio in Q2 2026, its #30 holding.
Herald Investment Management first reported a position in Descartes Systems in Q2 2013 and has held it in 52 quarters since.
Herald Investment Management's Descartes Systems position peaked at $26M in Q3 2021.
48 funds tracked by Wall St. Rank held Descartes Systems as of Q2 2026.

Based on Herald Investment Management's 13F filing for Q2 2026, filed 23 Jul 2026.