Descartes Systems
DSGX
49 hedge funds and large institutions have $620M invested in Descartes Systems in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 2 closing their positions.
600% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 2
32% more funds holding
Funds holding: 37 → 49 (+12)
18% more capital invested
Capital invested by funds: $525M → $620M (+$94.3M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$30.8M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$9.06M |
| 3 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$7.22M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$6.71M |
| 5 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
+$5.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$15.3M |
| 2 |
CP
Cumberland Partners
Toronto,
Ontario, Canada
|
-$14.6M |
| 3 |
AIM
Acuity Investment Management
Toronto,
Ontario, Canada
|
-$12.7M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$12.6M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$12.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$2K | -200 | Closed |
|
DSGX Hedge Fund Activity: Q4 2013 in Review
49 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q4 2013, worth a combined $620M — up 18% from $525M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new DSGX positions and 2 closed out — a net gain of 12 holders — while 14 added to existing stakes and 14 trimmed.
The largest buyer was Connor, Clark & Lunn Investment Management (CC&L), opening a new position worth an estimated $30.8M. The largest seller was Montrusco Bolton Investments, cutting an estimated $15.3M.
- 49 institutional investors held Descartes Systems (DSGX) as of Q4 2013, up from 37 in Q3 2013.
- Funds reported $620M of Descartes Systems stock for Q4 2013, up 18% quarter-over-quarter.
- 14 funds opened new Descartes Systems positions in Q4 2013 and 2 closed out, a net change of +12 holders.
- The largest Descartes Systems buyer in Q4 2013 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $30.8M added.
- The largest Descartes Systems seller in Q4 2013 was Montrusco Bolton Investments, an estimated $15.3M sold.
Based on aggregated 13F filings for Q4 2013.