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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
PNC Financial Services Group
51
PNC Financial Services Group
Pennsylvania
$69K -$70.1K -5,000 -50%
Deutsche Bank
52
Deutsche Bank
Germany
$60K -$8.41K -600 -12%
WTC
53
WhitTier Trust Company
Nevada
$41K – – –
Dimensional Fund Advisors
54
Dimensional Fund Advisors
Texas
$26K – – –
WT
55
Whittier Trust
California
$14K – – –
TDC
56
Thompson Davis & Co
Virginia
$10K -$3.51K -250 -25%
Manulife (Manufacturers Life Insurance)
57
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$6.04K +$1.73M +123,457 +40%
U
58
UBS
Switzerland
$4K -$70K -4,988 -94%
1832 Asset Management
59
1832 Asset Management
Ontario, Canada
– -$7.43M -518,200 Closed
AQR Capital Management
60
AQR Capital Management
Connecticut
– -$676K -47,124 Closed
OTPPB
61
Ontario Teachers' Pension Plan Board
Ontario, Canada
– -$359K -25,000 Closed
TRCT
62
Tower Research Capital (TRC)
New York
– -$40K -2,789 Closed
HAM
63
Highstreet Asset Management
Ontario, Canada
– -$13K -939 Closed
PCM
64
Prelude Capital Management
New York
– -$7K -500 Closed
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.