Descartes Systems
DSGX
150 hedge funds and large institutions have $2.61B invested in Descartes Systems in 2019 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 60 increasing their positions, 49 reducing their positions, and 12 closing their positions.
142% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 12
22% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 49
13% more capital invested
Capital invested by funds: $2.3B → $2.61B (+$310M)
13% more funds holding
Funds holding: 133 → 150 (+17)
2.19% more ownership
Funds ownership: 81.68% → 83.87% (+2.2%)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Primecap Management
Pasadena,
California
|
+$109M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$67.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$66.1M |
| 4 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$27.4M |
| 5 |
ESCM
Echo Street Capital Management
New York
|
+$24.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$22.2M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$20.2M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$15.1M |
| 4 |
HA
Homestead Advisers
Arlington,
Virginia
|
-$13.4M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$8.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EGI
151
EAM Global Investors
Solana Beach,
California
| – | -$3.46M | -95,247 | Closed |
|
|
TLCM
152
Tiger Legatus Capital Management
New York
| – | -$1.82M | -50,000 | Closed |
|
153
Marshall Wace
London,
United Kingdom
| – | -$993K | -27,310 | Closed |
|
|
CCIA
154
Campbell & Co Investment Adviser
Baltimore,
Maryland
| – | -$355K | -9,756 | Closed |
|
|
QI
155
Qtron Investments
Boston,
Massachusetts
| – | -$275K | -7,570 | Closed |
|
156
D.E. Shaw & Co
New York
| – | -$233K | -6,400 | Closed |
|
|
BCM
157
BlueCrest Capital Management
St Helier,
Jersey
| – | -$218K | -5,986 | Closed |
|
|
ARTA
158
A.R.T. Advisors
New York
| – | -$211K | -5,806 | Closed |
|
|
MWNA
159
Marshall Wace North America
New York
| – | -$142K | -3,900 | Closed |
|
|
WAM
160
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$60K | -1,640 | Closed |
|
|
FHB
161
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$45K | -1,234 | Closed |
|
162
AssetMark Inc
Concord,
California
| – | -$1K | -23 | Closed |
|
DSGX Hedge Fund Activity: Q2 2019 in Review
150 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q2 2019, worth a combined $2.61B — up 13% from $2.3B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new DSGX positions and 12 closed out — a net gain of 17 holders — while 60 added to existing stakes and 49 trimmed.
The largest buyer was Primecap Management, adding an estimated $109M. The largest seller was Mackenzie Financial, cutting an estimated $22.2M.
- 150 institutional investors held Descartes Systems (DSGX) as of Q2 2019, up from 133 in Q1 2019.
- Funds reported $2.61B of Descartes Systems stock for Q2 2019, up 13% quarter-over-quarter.
- 29 funds opened new Descartes Systems positions in Q2 2019 and 12 closed out, a net change of +17 holders.
- The largest Descartes Systems buyer in Q2 2019 was Primecap Management, an estimated $109M added.
- The largest Descartes Systems seller in Q2 2019 was Mackenzie Financial, an estimated $22.2M sold.
Based on aggregated 13F filings for Q2 2019.