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Descartes Systems

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: 357373 (+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: 65 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$47M +$2.74M +26,791 +6%
Renaissance Technologies
27
Renaissance Technologies
New York
$46.3M +$10.4M +101,844 +26%
GKIM
28
GW&K Investment Management
Massachusetts
$45.6M -$6.02M -58,941 -11%
Manulife (Manufacturers Life Insurance)
29
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$44M +$148K +1,449 +0.3%
PMAM
30
Picton Mahoney Asset Management
Ontario, Canada
$41.9M -$3.41M -33,370 -7%
SBH
31
Segall Bryant & Hamill
Illinois
$41.4M +$8.02M +78,481 +22%
Caisse de Depot et Placement du Quebec (CDPQ)
32
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$40.6M -$2.26M -22,066 -5%
BlackRock
33
BlackRock
New York
$40M -$4.7M -45,994 -10%
PFM
34
Premier Fund Managers
United Kingdom
$39.2M +$140K +1,369 +0.3%
GPGA
35
Grandeur Peak Global Advisors
Utah
$39.1M +$4.54M +44,380 +12%
Legal & General Group
36
Legal & General Group
United Kingdom
$38.3M +$13.7M +133,846 +49%
Massachusetts Financial Services
37
Massachusetts Financial Services
Massachusetts
$37.7M -$22.4M -219,375 -35%
Bank of Nova Scotia
38
Bank of Nova Scotia
Ontario, Canada
$35.6M -$5.36M -52,422 -12%
Fidelity Investments
39
Fidelity Investments
Massachusetts
$35.5M +$23.4M +229,115 +155%
Ameriprise
40
Ameriprise
Minnesota
$35.4M -$13.3M -129,801 -29%
DDC
41
DF Dent & Co
Maryland
$35.1M +$10.1M +98,790 +36%
Two Sigma Investments
42
Two Sigma Investments
New York
$34.1M +$25M +244,252 +208%
William Blair & Company
43
William Blair & Company
Illinois
$32.6M -$697K -6,814 -2%
DMIC
44
Dixon Mitchell Investment Counsel
British Columbia, Canada
$32M +$26.1M +255,154 +303%
ClearBridge Investments
45
ClearBridge Investments
New York
$30.4M -$280K -2,737 -0.8%
Bessemer Group
46
Bessemer Group
New Jersey
$26.9M +$4.07M +39,818 +16%
Public Employees Retirement Association of Colorado
47
Public Employees Retirement Association of Colorado
Colorado
$24.6M
Lord, Abbett & Co
48
Lord, Abbett & Co
New Jersey
$24.4M -$2.04M -19,957 -7%
PIMC
49
Praesidium Investment Management Company
New York
$23.7M -$21.1M -206,057 -45%
Swiss National Bank
50
Swiss National Bank
Switzerland
$23.3M -$1.35M -13,200 -5%

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.