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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
373
Holders Change
+16
Holders Change %
+4.48%
% of All Funds
4.9%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.07%
New
59
Increased
131
Reduced
139
Closed
38
Calls
$11.2M
Puts
$2.63M
Net Calls
+$8.55M
Net Calls Change
+$8.04M

Top Buyers

1
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$167M
2
Temasek Holdings
Temasek Holdings
Singapore
+$58M
3
Morgan Stanley
Morgan Stanley
New York
+$36M
4
Westfield Capital Management
Westfield Capital Management
Massachusetts
+$35.9M
5
Bank of America
Bank of America
North Carolina
+$35.7M

Top Sellers

1
DCP
Durable Capital Partners
Maryland
-$229M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$80.9M
3
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$69.7M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
-$64.3M
5
Franklin Resources
Franklin Resources
California
-$64M
Name Holding Trade Value Shares
Change 		Change in
Stake
IMCOOI
276
Investment Management Corp of Ontario (IMCO)
Canada
$300K -$204K -2,000 -39%
OAC
277
OMERS Administration Corp
Ontario, Canada
$292K +$317K +3,100 New
SA
278
Sanctuary Advisors
Indiana
$288K -$3.07K -30 -1%
AWAU
279
Alliance Wealth Advisors (Utah)
Utah
$287K -$40.8K -399 -12%
VA
280
Vident Advisory
Georgia
$279K +$13.7K +134 +5%
CPG
281
Cornerstone Planning Group
New Jersey
$276K +$784K +7,671 +85,233%
MOS
282
MGO One Seven
Ohio
$275K -$8.69K -85 -3%
LA
283
Lindenwold Advisors
Pennsylvania
$273K -$27.1K -265 -8%
State Board of Administration of Florida Retirement System
284
State Board of Administration of Florida Retirement System
Florida
$268K -$511K -5,000 -64%
KJHP
285
K.J. Harrison & Partners
Ontario, Canada
$260K – – –
S
286
SignatureFD
Georgia
$250K -$4.19K -41 -2%
EL
287
EWA LLC
Pennsylvania
$247K -$2.76K -27 -1%
HWM
288
HB Wealth Management
Georgia
$245K +$17.5K +171 +7%
KIA
289
Knollwood Investment Advisory
Maryland
$245K – – –
1C
290
111 Capital
France
$241K +$262K +2,564 New
DCM
291
DGS Capital Management
New Jersey
$228K +$3.48K +34 +1%
WA
292
Wealth Alliance
New York
$224K -$8.38K -82 -3%
IP
293
Intellectus Partners
California
$218K – – –
HNB
294
Hilltop National Bank
Wyoming
$215K +$17.1K +167 +8%
PSP
295
Principal Street Partners
Tennessee
$214K -$233K -2,275 -50%
OC
296
Oppenheimer & Co
New York
$213K -$10.3K -101 -4%
YIA
297
YHB Investment Advisors
Connecticut
$213K – – –
IB
298
Intrust Bank
Kansas
$206K -$45.3K -443 -17%
JG
299
Jain Global
New York
$204K -$1.53M -14,939 -87%
AQR Capital Management
300
AQR Capital Management
Connecticut
$200K +$217K +2,123 New
10 11
12
13 14

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.