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Descartes Systems
DSGX

58 hedge funds and large institutions have $796M invested in Descartes Systems in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

14% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 21

5% less funds holding

Funds holding: 61 → 58 (-3)

8% less capital invested

Capital invested by funds: $866M → $796M (-$70.2M)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
58
Holders Change
-3
Holders Change %
-4.92%
% of All Funds
1.68%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.09%
New
4
Increased
24
Reduced
21
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$34.1M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$6.76M
3
Canada Life
Canada Life
Manitoba, Canada
+$6.37M
4
TLCM
Tiger Legatus Capital Management
New York
+$5.51M
5
Neuberger Berman Group
Neuberger Berman Group
New York
+$2.66M

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$44.6M
2
Morgan Stanley
Morgan Stanley
New York
-$14.3M
3
Fidelity International
Fidelity International
Bermuda
-$8.57M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$7.58M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$7.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
WCA
26
Waratah Capital Advisors
Ontario, Canada
$3.36M -$2.95M -209,981 -46%
UBS AM
27
UBS AM
Illinois
$2.83M – – –
TCAM
28
Turtle Creek Asset Management
Ontario, Canada
$2.81M +$2.85M +203,392 New
DCM
29
Driehaus Capital Management
Illinois
$2.04M +$92.3K +6,580 +5%
GIP
30
Granite Investment Partners
California
$1.89M +$888K +63,302 +86%
AIM
31
Acuity Investment Management
Ontario, Canada
$1.81M – – –
CPS
32
Counsel Portfolio Services
Ontario, Canada
$1.42M +$37.9K +2,700 +3%
Fidelity Investments
33
Fidelity Investments
Massachusetts
$1.08M -$7.58M -540,100 -87%
Franklin Resources
34
Franklin Resources
California
$946K – – –
Bank of New York Mellon
35
Bank of New York Mellon
New York
$893K +$430K +30,641 +90%
NJBEST
36
New Jersey Better Educational Savings Trust
New Jersey
$829K +$224K +16,000 +36%
RFC
37
Russell Frank Company
Washington
$822K -$952K -67,900 -53%
IGIM
38
I.G. Investment Management
Manitoba, Canada
$716K +$70.1K +5,000 +11%
Bank of America
39
Bank of America
North Carolina
$648K -$118K -8,400 -15%
CIBC Asset Management
40
CIBC Asset Management
Ontario, Canada
$561K -$19.4K -1,385 -3%
AII
41
AGF Investments Inc
Ontario, Canada
$425K -$16.8K -1,200 -4%
Barclays
42
Barclays
United Kingdom
$373K +$401K +28,600 +28,600%
BAMCO Inc
43
BAMCO Inc
New York
$323K +$328K +23,400 New
NFA
44
Nationwide Fund Advisors
Ohio
$279K +$18.2K +1,300 +7%
CIBC World Market
45
CIBC World Market
Ontario, Canada
$241K +$14.8K +1,055 +6%
Geode Capital Management
46
Geode Capital Management
Massachusetts
$227K +$70.3K +5,010 +43%
CL
47
Croft-Leominster
Maryland
$179K +$182K +13,000 New
GAM
48
Gotham Asset Management
New York
$159K +$161K +11,490 New
GT
49
Glenmede Trust
Pennsylvania
$116K – – –
Morgan Stanley
50
Morgan Stanley
New York
$71K -$14.3M -1,017,972 -99%
1
2
3

DSGX Hedge Fund Activity: Q3 2014 in Review

58 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q3 2014, worth a combined $796M — down 8.1% from $866M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of DSGX and 4 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 24 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $34.1M. The largest seller was Fiera Capital (Canada), cutting an estimated $44.6M.

  • 58 institutional investors held Descartes Systems (DSGX) as of Q3 2014, down from 61 in Q2 2014.
  • Funds reported $796M of Descartes Systems stock for Q3 2014, down 8.1% quarter-over-quarter.
  • 4 funds opened new Descartes Systems positions in Q3 2014 and 6 closed out, a net change of -2 holders.
  • The largest Descartes Systems buyer in Q3 2014 was T. Rowe Price Associates, an estimated $34.1M added.
  • The largest Descartes Systems seller in Q3 2014 was Fiera Capital (Canada), an estimated $44.6M sold.

Based on aggregated 13F filings for Q3 2014.