Descartes Systems
DSGX
357 hedge funds and large institutions have $6.75B invested in Descartes Systems in 2025 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 131 increasing their positions, 147 reducing their positions, and 48 closing their positions.
1.85% less ownership
Funds ownership: 79.77% → 77.92% (-1.8%)
4% less funds holding
Funds holding: 372 → 357 (-15)
11% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 147
13% less capital invested
Capital invested by funds: $7.79B → $6.75B (-$1.03B)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
25% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 48
64% less call options, than puts
Call options by funds: $3.15M | Put options by funds: $8.72M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$104M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$36.8M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$22.4M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$20M |
| 5 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$18.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$120M |
| 2 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$41M |
| 3 |
Vontobel Holding
Zurich,
Switzerland
|
-$33.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$29.9M |
| 5 |
ZEP
Zeno Equity Partners
London,
United Kingdom
|
-$29.1M |
DSGX Hedge Fund Activity: Q1 2025 in Review
357 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q1 2025, worth a combined $6.75B — down 13% from $7.79B a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of DSGX and 36 opened new positions — a net loss of 12 holders — while 147 trimmed existing stakes and 131 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $104M. The largest seller was Mackenzie Financial, cutting an estimated $120M.
- 357 institutional investors held Descartes Systems (DSGX) as of Q1 2025, down from 372 in Q4 2024.
- Funds reported $6.75B of Descartes Systems stock for Q1 2025, down 13% quarter-over-quarter.
- 36 funds opened new Descartes Systems positions in Q1 2025 and 48 closed out, a net change of -12 holders.
- The largest Descartes Systems buyer in Q1 2025 was T. Rowe Price Associates, an estimated $104M added.
- The largest Descartes Systems seller in Q1 2025 was Mackenzie Financial, an estimated $120M sold.
Based on aggregated 13F filings for Q1 2025.