Descartes Systems
DSGX
373 hedge funds and large institutions have $6.14B invested in Descartes Systems in 2025 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 131 increasing their positions, 139 reducing their positions, and 38 closing their positions.
325% more call options, than puts
Call options by funds: $11.2M | Put options by funds: $2.63M
55% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 38
4% more funds holding
Funds holding: 357 → 373 (+16)
6% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 139
3.33% less ownership
Funds ownership: 79.02% → 75.69% (-3.3%)
11% less capital invested
Capital invested by funds: $6.91B → $6.14B (-$771M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$167M |
| 2 |
Temasek Holdings
Singapore
|
+$58M |
| 3 |
Morgan Stanley
New York
|
+$36M |
| 4 |
Westfield Capital Management
Boston,
Massachusetts
|
+$35.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$35.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$229M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$80.9M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$69.7M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$64.3M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$64M |
DSGX Hedge Fund Activity: Q3 2025 in Review
373 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q3 2025, worth a combined $6.14B — down 11% from $6.91B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new DSGX positions and 38 closed out — a net gain of 21 holders — while 131 added to existing stakes and 139 trimmed.
The largest buyer was Janus Henderson Group, adding an estimated $167M. The largest seller was Durable Capital Partners, exiting entirely with an estimated $229M sold.
- 373 institutional investors held Descartes Systems (DSGX) as of Q3 2025, up from 357 in Q2 2025.
- Funds reported $6.14B of Descartes Systems stock for Q3 2025, down 11% quarter-over-quarter.
- 59 funds opened new Descartes Systems positions in Q3 2025 and 38 closed out, a net change of +21 holders.
- The largest Descartes Systems buyer in Q3 2025 was Janus Henderson Group, an estimated $167M added.
- The largest Descartes Systems seller in Q3 2025 was Durable Capital Partners, an estimated $229M sold.
Based on aggregated 13F filings for Q3 2025.