Descartes Systems
DSGX
105 hedge funds and large institutions have $1.39B invested in Descartes Systems in 2017 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 31 reducing their positions, and 4 closing their positions.
200% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 4
52% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 31
9% more capital invested
Capital invested by funds: $1.28B → $1.39B (+$116M)
7% more funds holding
Funds holding: 98 → 105 (+7)
1.73% more ownership
Funds ownership: 77.62% → 79.35% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$23.8M |
| 2 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$16.6M |
| 3 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
+$16.2M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$14.6M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$11.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$54.1M |
| 2 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
-$15.2M |
| 3 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$12.4M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$8.34M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$6.69M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TDC
101
Thompson Davis & Co
Richmond,
Virginia
| $6K | – | – | – |
|
102
1832 Asset Management
Toronto,
Ontario, Canada
| $5K | -$4.51K | -205 | -50% |
|
|
AAP
103
Arax Advisory Partners
Denver,
Colorado
| $4K | – | – | – |
|
|
LTFS
104
Ladenburg Thalmann Financial Services
Miami,
Florida
| $3K | -$22 | -1 | -0.8% |
|
105
AssetMark Inc
Concord,
California
| $1K | – | – | – |
|
106
Invesco
Atlanta,
Georgia
| – | -$384K | -17,927 | Closed |
|
107
Citadel Advisors
Miami,
Florida
| – | -$246K | -11,527 | Closed |
|
|
PI
108
PineBridge Investments
New York
| – | -$286K | -9,976 | Closed |
|
|
DTL
109
Dynamic Technology Lab
Singapore
| – | -$206K | -9,655 | Closed |
|
DSGX Hedge Fund Activity: Q1 2017 in Review
105 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q1 2017, worth a combined $1.39B — up 9.1% from $1.28B a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new DSGX positions and 4 closed out — a net gain of 8 holders — while 47 added to existing stakes and 31 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $23.8M. The largest seller was Neuberger Berman Group, cutting an estimated $54.1M.
- 105 institutional investors held Descartes Systems (DSGX) as of Q1 2017, up from 98 in Q4 2016.
- Funds reported $1.39B of Descartes Systems stock for Q1 2017, up 9.1% quarter-over-quarter.
- 12 funds opened new Descartes Systems positions in Q1 2017 and 4 closed out, a net change of +8 holders.
- The largest Descartes Systems buyer in Q1 2017 was Manulife (Manufacturers Life Insurance), an estimated $23.8M added.
- The largest Descartes Systems seller in Q1 2017 was Neuberger Berman Group, an estimated $54.1M sold.
Based on aggregated 13F filings for Q1 2017.