Descartes Systems
DSGX
61 hedge funds and large institutions have $866M invested in Descartes Systems in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 4 closing their positions.
304% more capital inflows, than outflows
Capital inflows: $268M | Capital outflows: $66.3M
250% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 4
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
25% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 16
23.41% more ownership
Funds ownership: 71.12% → 94.54% (+23%)
20% more funds holding
Funds holding: 51 → 61 (+10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$53M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$44.7M |
| 3 |
Neuberger Berman Group
New York
|
+$38.2M |
| 4 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$25.5M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$21.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$21.6M |
| 2 |
SRFM
Shannon River Fund Management
New York
|
-$19.1M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$7.68M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$3.38M |
| 5 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$3.36M |
DSGX Hedge Fund Activity: Q2 2014 in Review
61 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q2 2014, worth a combined $866M — up 36% from $638M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new DSGX positions and 4 closed out — a net gain of 10 holders — while 20 added to existing stakes and 16 trimmed.
The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $53M. The largest seller was Fidelity Investments, cutting an estimated $21.6M.
- 61 institutional investors held Descartes Systems (DSGX) as of Q2 2014, up from 51 in Q1 2014.
- Funds reported $866M of Descartes Systems stock for Q2 2014, up 36% quarter-over-quarter.
- 14 funds opened new Descartes Systems positions in Q2 2014 and 4 closed out, a net change of +10 holders.
- The largest Descartes Systems buyer in Q2 2014 was T. Rowe Price Associates, an estimated $53M added.
- The largest Descartes Systems seller in Q2 2014 was Fidelity Investments, an estimated $21.6M sold.
Based on aggregated 13F filings for Q2 2014.