Descartes Systems
DSGX
169 hedge funds and large institutions have $3.7B invested in Descartes Systems in 2020 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 54 increasing their positions, 72 reducing their positions, and 13 closing their positions.
131% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 13
59% more capital invested
Capital invested by funds: $2.34B → $3.7B (+$1.37B)
11% more funds holding
Funds holding: 152 → 169 (+17)
1.18% more ownership
Funds ownership: 80.78% → 81.96% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
25% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 72
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIMC
Praesidium Investment Management Company
New York
|
+$43.8M |
| 2 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$43.6M |
| 3 |
CAM
Cidel Asset Management
Toronto, Ontario,
Ontario, Canada
|
+$17.2M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$13.4M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$12.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Primecap Management
Pasadena,
California
|
-$40.5M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$23.3M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$20.1M |
| 4 |
Morgan Stanley
New York
|
-$13.3M |
| 5 |
Renaissance Technologies
New York
|
-$11.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Two Sigma Advisers
New York
| – | -$488K | -14,196 | Closed |
|
|
OR
177
Olympiad Research
Stamford,
Connecticut
| – | -$403K | -11,730 | Closed |
|
|
DTL
178
Dynamic Technology Lab
Singapore
| – | -$378K | -10,992 | Closed |
|
|
EGM
179
Engineers Gate Manager
New York
| – | -$229K | -6,667 | Closed |
|
|
ETC
180
Exchange Traded Concepts
Oklahoma City,
Oklahoma
| – | -$171K | -5,022 | Closed |
|
|
SGM
181
Skye Global Management
West Palm Beach,
Florida
| – | -$131K | -3,800 | Closed |
|
|
SF
182
Synovus Financial
Columbus,
Georgia
| – | -$5K | -153 | Closed |
|
DSGX Hedge Fund Activity: Q2 2020 in Review
169 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q2 2020, worth a combined $3.7B — up 59% from $2.34B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new DSGX positions and 13 closed out — a net gain of 17 holders — while 54 added to existing stakes and 72 trimmed.
The largest buyer was Praesidium Investment Management Company, opening a new position worth an estimated $43.8M. The largest seller was Primecap Management, cutting an estimated $40.5M.
- 169 institutional investors held Descartes Systems (DSGX) as of Q2 2020, up from 152 in Q1 2020.
- Funds reported $3.7B of Descartes Systems stock for Q2 2020, up 59% quarter-over-quarter.
- 30 funds opened new Descartes Systems positions in Q2 2020 and 13 closed out, a net change of +17 holders.
- The largest Descartes Systems buyer in Q2 2020 was Praesidium Investment Management Company, an estimated $43.8M added.
- The largest Descartes Systems seller in Q2 2020 was Primecap Management, an estimated $40.5M sold.
Based on aggregated 13F filings for Q2 2020.