Descartes Systems
DSGX
288 hedge funds and large institutions have $5.6B invested in Descartes Systems in 2023 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 112 increasing their positions, 93 reducing their positions, and 14 closing their positions.
271% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 14
20% more repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 93
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
14% more capital invested
Capital invested by funds: $4.92B → $5.6B (+$680M)
13% more funds holding
Funds holding: 255 → 288 (+33)
0.01% less ownership
Funds ownership: 77.9% → 77.89% (-0.01%)
71% less call options, than puts
Call options by funds: $958K | Put options by funds: $3.33M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$46.7M |
| 2 |
ClearBridge Investments
New York
|
+$34.1M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$27.8M |
| 4 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$25.2M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$22.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
-$129M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$117M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$34.5M |
| 4 |
Primecap Management
Pasadena,
California
|
-$17.3M |
| 5 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$13.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PTC
301
Private Trust Company
Cleveland,
Ohio
| – | -$5.5K | -75 | Closed |
|
302
First Manhattan
New York
| – | -$293 | -4 | Closed |
|
DSGX Hedge Fund Activity: Q4 2023 in Review
288 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q4 2023, worth a combined $5.6B — up 14% from $4.92B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new DSGX positions and 14 closed out — a net gain of 38 holders — while 112 added to existing stakes and 93 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $46.7M. The largest seller was Echo Street Capital Management, cutting an estimated $129M.
- 288 institutional investors held Descartes Systems (DSGX) as of Q4 2023, up from 255 in Q3 2023.
- Funds reported $5.6B of Descartes Systems stock for Q4 2023, up 14% quarter-over-quarter.
- 52 funds opened new Descartes Systems positions in Q4 2023 and 14 closed out, a net change of +38 holders.
- The largest Descartes Systems buyer in Q4 2023 was Arrowstreet Capital, an estimated $46.7M added.
- The largest Descartes Systems seller in Q4 2023 was Echo Street Capital Management, an estimated $129M sold.
Based on aggregated 13F filings for Q4 2023.