Descartes Systems
DSGX
102 hedge funds and large institutions have $1.49B invested in Descartes Systems in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 45 increasing their positions, 35 reducing their positions, and 8 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 35
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
7% more capital invested
Capital invested by funds: $1.39B → $1.49B (+$98.6M)
0.7% more ownership
Funds ownership: 79.35% → 80.05% (+0.7%)
3% less funds holding
Funds holding: 105 → 102 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$21.9M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$17.5M |
| 3 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$12.4M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$9.23M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$29.9M |
| 2 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$8.43M |
| 3 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$5.58M |
| 4 |
DAM
Dorsey Asset Management
Chicago,
Illinois
|
-$4.4M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$4.09M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
101
Ladenburg Thalmann Financial Services
Miami,
Florida
| $4K | +$1.19K | +50 | +42% |
|
102
AssetMark Inc
Concord,
California
| $1K | – | – | – |
|
|
VBA
103
Van Berkom & Associates
Montreal,
Quebec, Canada
| – | -$8.43M | -368,640 | Closed |
|
|
QC
104
Quadrature Capital
London,
United Kingdom
| – | -$1.13M | -49,400 | Closed |
|
105
Millennium Management
New York
| – | -$895K | -39,071 | Closed |
|
|
WIC
106
Woodmont Investment Counsel
Nashville,
Tennessee
| – | -$364K | -15,879 | Closed |
|
|
TC
107
TFS Capital
West Chester,
Pennsylvania
| – | -$355K | -15,490 | Closed |
|
|
TRCT
108
Tower Research Capital (TRC)
New York
| – | -$283K | -12,389 | Closed |
|
|
CSS
109
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$222K | -9,702 | Closed |
|
|
AIM
110
Acrospire Investment Management
Chicago,
Illinois
| – | -$58K | -2,514 | Closed |
|
DSGX Hedge Fund Activity: Q2 2017 in Review
102 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q2 2017, worth a combined $1.49B — up 7.1% from $1.39B a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of DSGX and 5 opened new positions — a net loss of 3 holders — while 35 trimmed existing stakes and 45 added.
The largest buyer was Toronto Dominion Bank, adding an estimated $21.9M. The largest seller was Bank of Montreal, cutting an estimated $29.9M.
- 102 institutional investors held Descartes Systems (DSGX) as of Q2 2017, down from 105 in Q1 2017.
- Funds reported $1.49B of Descartes Systems stock for Q2 2017, up 7.1% quarter-over-quarter.
- 5 funds opened new Descartes Systems positions in Q2 2017 and 8 closed out, a net change of -3 holders.
- The largest Descartes Systems buyer in Q2 2017 was Toronto Dominion Bank, an estimated $21.9M added.
- The largest Descartes Systems seller in Q2 2017 was Bank of Montreal, an estimated $29.9M sold.
Based on aggregated 13F filings for Q2 2017.