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Descartes Systems
DSGX

373 hedge funds and large institutions have $6.14B invested in Descartes Systems in 2025 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 131 increasing their positions, 139 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

325% more call options, than puts

Call options by funds: $11.2M | Put options by funds: $2.63M

55% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 38

4% more funds holding

Funds holding: 357 → 373 (+16)

6% less repeat investments, than reductions

Existing positions increased: 131 | Existing positions reduced: 139

3.33% less ownership

Funds ownership: 79.02% → 75.69% (-3.3%)

11% less capital invested

Capital invested by funds: $6.91B → $6.14B (-$771M)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
373
Holders Change
+16
Holders Change %
+4.48%
% of All Funds
4.9%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.07%
New
59
Increased
131
Reduced
139
Closed
38
Calls
$11.2M
Puts
$2.63M
Net Calls
+$8.55M
Net Calls Change
+$8.04M

Top Buyers

1
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$167M
2
Temasek Holdings
Temasek Holdings
Singapore
+$58M
3
Morgan Stanley
Morgan Stanley
New York
+$36M
4
Westfield Capital Management
Westfield Capital Management
Massachusetts
+$35.9M
5
Bank of America
Bank of America
North Carolina
+$35.7M

Top Sellers

1
DCP
Durable Capital Partners
Maryland
-$229M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$80.9M
3
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$69.7M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
-$64.3M
5
Franklin Resources
Franklin Resources
California
-$64M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
101
UBS Group
Switzerland
$7.67M -$413K -4,038 -5%
WA
102
Wasatch Advisors
Utah
$7.05M -$7.62M -74,592 -50%
HFS
103
Hantz Financial Services
Michigan
$6.82M -$1.76M -17,210 -19%
Natixis Advisors
104
Natixis Advisors
Massachusetts
$6.75M +$95K +929 +1%
CSS
105
Cubist Systematic Strategies
Connecticut
$6.55M +$7.11M +69,527 New
HSBC Holdings
106
HSBC Holdings
United Kingdom
$6.54M +$1.13M +11,053 +19%
HA
107
Homestead Advisers
Virginia
$6.54M – – –
MF
108
Magnetar Financial
Illinois
$6.5M +$7.05M +68,980 New
Northern Trust
109
Northern Trust
Illinois
$6.47M -$531K -5,197 -7%
LPL Financial
110
LPL Financial
California
$6.4M +$4.58M +44,838 +194%
Aviva
111
Aviva
United Kingdom
$6.09M +$447K +4,377 +7%
Neuberger Berman Group
112
Neuberger Berman Group
New York
$5.96M -$18.7M -182,781 -74%
CF
113
Canoe Financial
Alberta, Canada
$5.65M -$550K -5,383 -8%
ACM
114
Argent Capital Management
Missouri
$5.57M +$15K +147 +0.2%
WA
115
Waverly Advisors
Alabama
$5.4M +$190K +1,856 +3%
CP
116
Cumberland Partners
Ontario, Canada
$5.29M -$1.46M -14,250 -20%
RMCM
117
Reynders McVeigh Capital Management
Massachusetts
$5.21M +$14.3K +140 +0.3%
Two Sigma Advisers
118
Two Sigma Advisers
New York
$5.1M +$521K +5,100 +10%
APG Asset Management
119
APG Asset Management
Netherlands
$5.05M -$430K -4,208 -6%
Royal London Asset Management
120
Royal London Asset Management
United Kingdom
$4.98M – – –
FDCDDQ
121
Federation des caisses Desjardins du Quebec
Quebec, Canada
$4.96M -$1.95M -19,101 -27%
BONST
122
Bank of Nova Scotia Trust
Ontario, Canada
$4.88M -$27.5K -269 -0.5%
Pathstone Holdings
123
Pathstone Holdings
New Jersey
$4.88M -$109K -1,069 -2%
BCIM
124
British Columbia Investment Management
British Columbia, Canada
$4.72M -$197K -1,927 -4%
Balyasny Asset Management
125
Balyasny Asset Management
Illinois
$4.6M +$4.53M +44,316 +978%
3 4
5
6 7

DSGX Hedge Fund Activity: Q3 2025 in Review

373 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q3 2025, worth a combined $6.14B — down 11% from $6.91B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new DSGX positions and 38 closed out — a net gain of 21 holders — while 131 added to existing stakes and 139 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $167M. The largest seller was Durable Capital Partners, exiting entirely with an estimated $229M sold.

  • 373 institutional investors held Descartes Systems (DSGX) as of Q3 2025, up from 357 in Q2 2025.
  • Funds reported $6.14B of Descartes Systems stock for Q3 2025, down 11% quarter-over-quarter.
  • 59 funds opened new Descartes Systems positions in Q3 2025 and 38 closed out, a net change of +21 holders.
  • The largest Descartes Systems buyer in Q3 2025 was Janus Henderson Group, an estimated $167M added.
  • The largest Descartes Systems seller in Q3 2025 was Durable Capital Partners, an estimated $229M sold.

Based on aggregated 13F filings for Q3 2025.