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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
Baird Financial Group
51
Baird Financial Group
Wisconsin
$23.2M -$6.56M -64,180 -21%
Deutsche Bank
52
Deutsche Bank
Germany
$22.8M -$66.5K -651 -0.3%
D.E. Shaw & Co
53
D.E. Shaw & Co
New York
$22.2M +$23.3M +227,464 +2,879%
Chevy Chase Trust
54
Chevy Chase Trust
Maryland
$21.7M -$662K -6,472 -3%
National Bank of Canada
55
National Bank of Canada
Quebec, Canada
$20.7M -$1.34M -13,093 -6%
N
56
Nuveen
North Carolina
$20.5M +$1.03M +10,097 +5%
GIM
57
Granahan Investment Management
Massachusetts
$20.3M -$14.3M -139,623 -39%
OAM
58
Ophir Asset Management
Australia
$19.5M +$21.2M +207,331 New
Principal Financial Group
59
Principal Financial Group
Iowa
$19.5M -$761K -7,440 -3%
Envestnet Asset Management
60
Envestnet Asset Management
Illinois
$19.5M -$2.2M -21,513 -9%
Macquarie Group
61
Macquarie Group
Australia
$19.3M +$1.55M +15,128 +8%
SIMG
62
Stephens Investment Management Group
Texas
$18.7M -$193K -1,893 -0.9%
SCM
63
Sone Capital Management
New York
$18.2M +$11.1M +108,957 +129%
Charles Schwab
64
Charles Schwab
California
$17.5M +$2.08M +20,301 +12%
HIM
65
Herald Investment Management
United Kingdom
$17.4M
1832 Asset Management
66
1832 Asset Management
Ontario, Canada
$16.9M -$882K -8,625 -5%
SCA
67
Summit Creek Advisors
Minnesota
$16.5M -$1.47M -14,394 -8%
Marshall Wace
68
Marshall Wace
United Kingdom
$15.8M +$17.2M +168,076 New
QC
69
Quadrature Capital
United Kingdom
$15.6M +$16.9M +165,700 New
Citadel Advisors
70
Citadel Advisors
Florida
$15.5M +$16.8M +164,653 New
Kayne Anderson Rudnick Investment Management
71
Kayne Anderson Rudnick Investment Management
California
$15.5M -$80.8K -790 -0.5%
Citigroup
72
Citigroup
New York
$14.8M +$9.02M +88,245 +128%
William Blair Investment Management
73
William Blair Investment Management
Illinois
$14.3M +$59.8K +585 +0.4%
Millennium Management
74
Millennium Management
New York
$14.1M +$10.1M +98,869 +192%
CAM
75
Cidel Asset Management
Ontario, Canada
$13.9M +$566K +5,538 +4%

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.