Descartes Systems
DSGX
51 hedge funds and large institutions have $638M invested in Descartes Systems in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 18 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
4% more funds holding
Funds holding: 49 → 51 (+2)
3% more capital invested
Capital invested by funds: $620M → $638M (+$18.6M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$21.3M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$10.9M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$9.08M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$5.83M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$1.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$22.5M |
| 2 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
-$20.1M |
| 3 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$5.64M |
| 4 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$5.21M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$4.08M |
DSGX Hedge Fund Activity: Q1 2014 in Review
51 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q1 2014, worth a combined $638M — up 3% from $620M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new DSGX positions and 3 closed out — a net gain of 2 holders — while 17 added to existing stakes and 18 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $21.3M. The largest seller was Fidelity Investments, cutting an estimated $22.5M.
- 51 institutional investors held Descartes Systems (DSGX) as of Q1 2014, up from 49 in Q4 2013.
- Funds reported $638M of Descartes Systems stock for Q1 2014, up 3% quarter-over-quarter.
- 5 funds opened new Descartes Systems positions in Q1 2014 and 3 closed out, a net change of +2 holders.
- The largest Descartes Systems buyer in Q1 2014 was Bank of Montreal, an estimated $21.3M added.
- The largest Descartes Systems seller in Q1 2014 was Fidelity Investments, an estimated $22.5M sold.
Based on aggregated 13F filings for Q1 2014.