Descartes Systems
DSGX
75 hedge funds and large institutions have $974M invested in Descartes Systems in 2015 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 25 increasing their positions, 25 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
12% more funds holding
Funds holding: 67 → 75 (+8)
0% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 25
0% less capital invested
Capital invested by funds: $978M → $974M (-$4.5M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$13.8M |
| 2 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
+$10.8M |
| 3 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$3.81M |
| 4 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$1.96M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$16.6M |
| 2 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$10.9M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$6.57M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$3.84M |
| 5 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$3.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFC
76
Russell Frank Company
Seattle,
Washington
| – | -$1.48M | -99,800 | Closed |
|
77
Franklin Resources
San Mateo,
California
| – | -$1.02M | -68,700 | Closed |
|
78
Dimensional Fund Advisors
Austin,
Texas
| – | -$27K | -1,850 | Closed |
|
DSGX Hedge Fund Activity: Q1 2015 in Review
75 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q1 2015, worth a combined $974M — down 0.46% from $978M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new DSGX positions and 3 closed out — a net gain of 8 holders — while 25 added to existing stakes and 25 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $13.8M. The largest seller was Toronto Dominion Bank, cutting an estimated $16.6M.
- 75 institutional investors held Descartes Systems (DSGX) as of Q1 2015, up from 67 in Q4 2014.
- Funds reported $974M of Descartes Systems stock for Q1 2015, down 0.46% quarter-over-quarter.
- 11 funds opened new Descartes Systems positions in Q1 2015 and 3 closed out, a net change of +8 holders.
- The largest Descartes Systems buyer in Q1 2015 was Manulife (Manufacturers Life Insurance), an estimated $13.8M added.
- The largest Descartes Systems seller in Q1 2015 was Toronto Dominion Bank, an estimated $16.6M sold.
Based on aggregated 13F filings for Q1 2015.