Descartes Systems
DSGX
351 hedge funds and large institutions have $5.72B invested in Descartes Systems in 2025 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 137 increasing their positions, 120 reducing their positions, and 66 closing their positions.
150% more call options, than puts
Call options by funds: $16.2M | Put options by funds: $6.47M
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
14% more repeat investments, than reductions
Existing positions increased: 137 | Existing positions reduced: 120
0.12% more ownership
Funds ownership: 75.69% → 75.81% (+0.12%)
6% less funds holding
Funds holding: 373 → 351 (-22)
7% less capital invested
Capital invested by funds: $6.14B → $5.72B (-$412M)
18% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$216M |
| 2 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$153M |
| 3 |
Morgan Stanley
New York
|
+$69.8M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$66.4M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$51.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$151M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$143M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$69.4M |
| 4 |
CAM
Congress Asset Management
Boston,
Massachusetts
|
-$66.7M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$46.1M |
DSGX Hedge Fund Activity: Q4 2025 in Review
351 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q4 2025, worth a combined $5.72B — down 6.7% from $6.14B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of DSGX and 54 opened new positions — a net loss of 12 holders — while 120 trimmed existing stakes and 137 added.
The largest buyer was 1832 Asset Management, adding an estimated $216M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $151M.
- 351 institutional investors held Descartes Systems (DSGX) as of Q4 2025, down from 373 in Q3 2025.
- Funds reported $5.72B of Descartes Systems stock for Q4 2025, down 6.7% quarter-over-quarter.
- 54 funds opened new Descartes Systems positions in Q4 2025 and 66 closed out, a net change of -12 holders.
- The largest Descartes Systems buyer in Q4 2025 was 1832 Asset Management, an estimated $216M added.
- The largest Descartes Systems seller in Q4 2025 was T. Rowe Price Investment Management, an estimated $151M sold.
Based on aggregated 13F filings for Q4 2025.