Descartes Systems
DSGX
98 hedge funds and large institutions have $1.28B invested in Descartes Systems in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 32 increasing their positions, 39 reducing their positions, and 6 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
77.62% more ownership
Funds ownership: 0% → 77.62% (+78%)
4% more funds holding
Funds holding: 94 → 98 (+4)
3% less capital invested
Capital invested by funds: $1.32B → $1.28B (-$37.9M)
18% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$17.9M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$9.1M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$5.78M |
| 4 |
DIA
Denver Investment Advisors
Denver,
Colorado
|
+$5.74M |
| 5 |
Morgan Stanley
New York
|
+$2.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$32M |
| 2 |
Neuberger Berman Group
New York
|
-$17.7M |
| 3 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
-$10.6M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$7.72M |
| 5 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$7.61M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NIMI
101
Natixis Investment Managers International
Paris,
France
| – | -$302K | -14,073 | Closed |
|
102
UBS Group
Zurich,
Switzerland
| – | -$41K | -1,914 | Closed |
|
|
MFS
103
MSI Financial Services
Springfield,
Massachusetts
| – | -$1K | -54 | Closed |
|
DSGX Hedge Fund Activity: Q4 2016 in Review
98 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q4 2016, worth a combined $1.28B — down 2.9% from $1.32B a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new DSGX positions and 6 closed out — a net gain of 5 holders — while 32 added to existing stakes and 39 trimmed.
The largest buyer was Conestoga Capital Advisors, opening a new position worth an estimated $17.9M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $32M.
- 98 institutional investors held Descartes Systems (DSGX) as of Q4 2016, up from 94 in Q3 2016.
- Funds reported $1.28B of Descartes Systems stock for Q4 2016, down 2.9% quarter-over-quarter.
- 11 funds opened new Descartes Systems positions in Q4 2016 and 6 closed out, a net change of +5 holders.
- The largest Descartes Systems buyer in Q4 2016 was Conestoga Capital Advisors, an estimated $17.9M added.
- The largest Descartes Systems seller in Q4 2016 was Manulife (Manufacturers Life Insurance), an estimated $32M sold.
Based on aggregated 13F filings for Q4 2016.