Descartes Systems
DSGX
37 hedge funds and large institutions have $525M invested in Descartes Systems in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and closing their positions.
20% more capital invested
Capital invested by funds: $437M → $525M (+$88.6M)
16% more funds holding
Funds holding: 32 → 37 (+5)
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
+$74.3M |
| 2 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$10M |
| 3 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$9.41M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$4.39M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$3.73M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.33M |
| 3 |
AIM
Acuity Investment Management
Toronto,
Ontario, Canada
|
-$2.07M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$1.31M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$865K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $635K | +$11.3K | +1,000 | +2% |
|
|
IGIM
27
I.G. Investment Management
Winnipeg,
Manitoba, Canada
| $199K | -$11.3K | -1,000 | -5% |
|
28
Bank of New York Mellon
New York
| $131K | – | – | – |
|
29
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $114K | – | – | – |
|
|
GT
30
Glenmede Trust
Philadelphia,
Pennsylvania
| $95K | – | – | – |
|
|
GPGA
31
Grandeur Peak Global Advisors
Salt Lake City,
Utah
| $53K | +$52.1K | +4,600 | New |
|
|
WTC
32
WhitTier Trust Company
Reno,
Nevada
| $34K | – | – | – |
|
33
Dimensional Fund Advisors
Austin,
Texas
| $21K | – | – | – |
|
|
WT
34
Whittier Trust
South Pasadena,
California
| $11K | – | – | – |
|
|
TRCT
35
Tower Research Capital (TRC)
New York
| $7K | +$6.6K | +583 | New |
|
36
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $2K | +$2.26K | +200 | New |
|
|
U
37
UBS
Zurich,
Switzerland
| $1K | – | – | – |
|
DSGX Hedge Fund Activity: Q3 2013 in Review
37 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q3 2013, worth a combined $525M — up 20% from $437M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new DSGX positions and 0 closed out — a net gain of 5 holders — while 11 added to existing stakes and 12 trimmed.
The largest buyer was Mawer Investment Management, opening a new position worth an estimated $74.3M. The largest seller was Montrusco Bolton Investments, cutting an estimated $3.73M.
- 37 institutional investors held Descartes Systems (DSGX) as of Q3 2013, up from 32 in Q2 2013.
- Funds reported $525M of Descartes Systems stock for Q3 2013, up 20% quarter-over-quarter.
- 5 funds opened new Descartes Systems positions in Q3 2013 and 0 closed out, a net change of +5 holders.
- The largest Descartes Systems buyer in Q3 2013 was Mawer Investment Management, an estimated $74.3M added.
- The largest Descartes Systems seller in Q3 2013 was Montrusco Bolton Investments, an estimated $3.73M sold.
Based on aggregated 13F filings for Q3 2013.