Norges Bank
DSGX icon

Norges Bank’s Descartes Systems DSGX Stock Holding History

Norges Bank’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
Q1 		– Sell
-1,144,488
Closed -$100M – 415
2025
Q4 		$100M Buy
+1,144,488
New +$102M 0.01% 757
2025
Q3 		– Sell
-1,157,701
Closed -$118M – 466
2025
Q2 		$118M Buy
1,157,701
+5,565
+0.5% +$587K 0.01% 642
2025
Q1 		$116M Buy
1,152,136
+34,183
+3% +$3.78M 0.02% 618
2024
Q4 		$127M Sell
1,117,953
-15,621
-1% -$1.74M 0.02% 596
2024
Q3 		$117M Buy
1,133,574
+9,941
+0.9% +$988K 0.02% 622
2024
Q2 		$109M Buy
1,123,633
+16,964
+2% +$1.6M 0.02% 609
2024
Q1 		$101M Buy
1,106,669
+4,940
+0.4% +$434K 0.02% 642
2023
Q4 		$92.6M Buy
1,101,729
+35,191
+3% +$2.74M 0.02% 629
2023
Q3 		$78.3M Buy
1,066,538
+10,738
+1% +$810K 0.02% 649
2023
Q2 		$84.6M Buy
1,055,800
+33,633
+3% +$2.62M 0.02% 625
2023
Q1 		$82.5M Buy
1,022,167
+24,652
+2% +$1.84M 0.02% 607
2022
Q4 		$69.5M Buy
997,515
+52,492
+6% +$3.59M 0.02% 665
2022
Q3 		$59.9M Buy
945,023
+18,879
+2% +$1.28M 0.02% 686
2022
Q2 		$57.5M Buy
926,144
+72,240
+8% +$4.51M 0.01% 708
2022
Q1 		$62.5M Hold
853,904
– – 0.01% 767
2021
Q4 		$70.7M Hold
853,904
– – 0.01% 772
2021
Q3 		$69.4M Sell
853,904
-70,657
-8% -$5.35M 0.02% 771
2021
Q2 		$63.9M Sell
924,561
-39,726
-4% -$2.51M 0.01% 830
2021
Q1 		$58.8M Sell
964,287
-246,928
-20% -$15M 0.01% 887
2020
Q4 		$70.8M Sell
1,211,215
-77,315
-6% -$4.38M 0.02% 753
2020
Q3 		$73.4M Sell
1,288,530
-236,081
-15% -$13.1M 0.02% 662
2020
Q2 		$80.5M Sell
1,524,611
-60,696
-4% -$2.7M 0.02% 589
2020
Q1 		$54.6M Buy
1,585,307
+10,136
+0.6% +$421K 0.02% 658
2019
Q4 		$67.3M Buy
1,575,171
+231,554
+17% +$9.45M 0.02% 728
2019
Q3 		$54.3M Buy
1,343,617
+229,539
+21% +$8.49M 0.02% 819
2019
Q2 		$41.3M Buy
1,114,078
+100,000
+10% +$3.89M 0.01% 997
2019
Q1 		$36.9M Buy
1,014,078
+100,000
+11% +$3.23M 0.01% 1066
2018
Q4 		$24.1M Hold
914,078
– – 0.01% 1261
2018
Q3 		$31M Sell
914,078
-190,464
-17% -$6.43M 0.01% 1241
2018
Q2 		$36M Sell
1,104,542
-44,925
-4% -$1.36M 0.01% 1089
2018
Q1 		$32.8M Sell
1,149,467
-9,575
-0.8% -$267K 0.01% 1079
2017
Q4 		$33.1M Buy
1,159,042
+314,934
+37% +$9.06M 0.01% 1100
2017
Q3 		$23M Buy
844,108
+115,051
+16% +$3.04M 0.01% 1351
2017
Q2 		$17.7M Buy
729,057
+50,478
+7% +$1.2M 0.01% 1492
2017
Q1 		$15.5M Buy
678,579
+158,432
+30% +$3.49M 0.01% 1549
2016
Q4 		$11.1M Hold
520,147
– – ﹤0.01% 1648
2016
Q3 		$10.7M Buy
520,147
+420,047
+420% +$8.6M 0.01% 1614
2016
Q2 		$1.91M Buy
100,100
+75,100
+300% +$1.46M ﹤0.01% 2003
2016
Q1 		$489K Buy
+25,000
New +$439K ﹤0.01% 2127

Other funds holding DSGX

T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return
1832 Asset Management
1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return
Janus Henderson Group
Janus Henderson Group London, United Kingdom $209B AUM 37.72% 1-Year Est. Return
Mackenzie Financial
Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
T. Rowe Price Investment Management
T. Rowe Price Investment Management Baltimore, Maryland $145B AUM 22.78% 1-Year Est. Return
CCA
Conestoga Capital Advisors Wayne, Pennsylvania $5.01B AUM 6.26% 1-Year Est. Return
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
Temasek Holdings
Temasek Holdings Singapore $30.5B AUM 13.98% 1-Year Est. Return

Norges Bank's DSGX Position: Q1 2026 in Review

Norges Bank sold out of Descartes Systems (DSGX) in Q1 2026, closing a stake of 1,144,488 shares — an estimated $100M sold.

Norges Bank first reported a position in DSGX in Q1 2016 and held it in 39 quarters. The position peaked at $127M in Q4 2024. 349 funds tracked by Wall St. Rank hold DSGX as of Q1 2026.

  • Norges Bank reported no remaining Descartes Systems position as of Q1 2026 after selling out during the quarter.
  • Norges Bank sold 1,144,488 Descartes Systems shares in Q1 2026, an estimated $100M.
  • Norges Bank first reported a position in Descartes Systems in Q1 2016 and held it in 39 quarters.
  • Norges Bank's Descartes Systems position peaked at $127M in Q4 2024.
  • 349 funds tracked by Wall St. Rank held Descartes Systems as of Q1 2026.

Based on Norges Bank's 13F filing for Q1 2026.