Descartes Systems
DSGX
67 hedge funds and large institutions have $984M invested in Descartes Systems in 2014 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 30 increasing their positions, 12 reducing their positions, and 3 closing their positions.
574% more capital inflows, than outflows
Capital inflows: $125M | Capital outflows: $18.5M
333% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 3
150% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 12
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
16% more funds holding
Funds holding: 58 → 67 (+9)
9.73% more ownership
Funds ownership: 76.96% → 86.69% (+9.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pembroke Management
Montreal,
Quebec, Canada
|
+$60.4M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$12M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$8.81M |
| 4 |
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
+$8.27M |
| 5 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$9.06M |
| 2 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$4.17M |
| 3 |
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$2.35M |
| 4 |
AIM
Acuity Investment Management
Toronto,
Ontario, Canada
|
-$439K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$381K |
DSGX Hedge Fund Activity: Q4 2014 in Review
67 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q4 2014, worth a combined $984M — up 23% from $802M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new DSGX positions and 3 closed out — a net gain of 10 holders — while 30 added to existing stakes and 12 trimmed.
The largest buyer was Pembroke Management, opening a new position worth an estimated $60.4M. The largest seller was Bank of Montreal, cutting an estimated $9.06M.
- 67 institutional investors held Descartes Systems (DSGX) as of Q4 2014, up from 58 in Q3 2014.
- Funds reported $984M of Descartes Systems stock for Q4 2014, up 23% quarter-over-quarter.
- 13 funds opened new Descartes Systems positions in Q4 2014 and 3 closed out, a net change of +10 holders.
- The largest Descartes Systems buyer in Q4 2014 was Pembroke Management, an estimated $60.4M added.
- The largest Descartes Systems seller in Q4 2014 was Bank of Montreal, an estimated $9.06M sold.
Based on aggregated 13F filings for Q4 2014.