Descartes Systems
DSGX
97 hedge funds and large institutions have $1.27B invested in Descartes Systems in 2015 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 28 increasing their positions, 38 reducing their positions, and 5 closing their positions.
200% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 5
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
11% more funds holding
Funds holding: 87 → 97 (+10)
9% more capital invested
Capital invested by funds: $1.16B → $1.27B (+$104M)
26% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
+$10.8M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$9.77M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$6.45M |
| 4 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
+$3.34M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$2.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
-$23.5M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$17M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$7.49M |
| 4 |
AC
Addenda Capital
Montreal,
Quebec, Canada
|
-$7.28M |
| 5 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$6.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Two Sigma Investments
New York
| – | -$202K | -11,400 | Closed |
|
102
Walleye Trading
New York
| – | -$14K | -800 | Closed |
|
DSGX Hedge Fund Activity: Q4 2015 in Review
97 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q4 2015, worth a combined $1.27B — up 9% from $1.16B a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new DSGX positions and 5 closed out — a net gain of 10 holders — while 28 added to existing stakes and 38 trimmed.
The largest buyer was Greystone Managed Investments, adding an estimated $10.8M. The largest seller was Jarislowsky, Fraser Ltd, cutting an estimated $23.5M.
- 97 institutional investors held Descartes Systems (DSGX) as of Q4 2015, up from 87 in Q3 2015.
- Funds reported $1.27B of Descartes Systems stock for Q4 2015, up 9% quarter-over-quarter.
- 15 funds opened new Descartes Systems positions in Q4 2015 and 5 closed out, a net change of +10 holders.
- The largest Descartes Systems buyer in Q4 2015 was Greystone Managed Investments, an estimated $10.8M added.
- The largest Descartes Systems seller in Q4 2015 was Jarislowsky, Fraser Ltd, an estimated $23.5M sold.
Based on aggregated 13F filings for Q4 2015.