Descartes Systems
DSGX
95 hedge funds and large institutions have $1.15B invested in Descartes Systems in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 33 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
2% more funds holding
Funds holding: 93 → 95 (+2)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
7% less capital invested
Capital invested by funds: $1.24B → $1.15B (-$88.3M)
21% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$12.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.68M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.11M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$2.92M |
| 5 |
CPS
Counsel Portfolio Services
Mississauga,
Ontario, Canada
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$59.6M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$14.5M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$5.6M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$3.28M |
| 5 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$3.19M |
DSGX Hedge Fund Activity: Q2 2016 in Review
95 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q2 2016, worth a combined $1.15B — down 7.1% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new DSGX positions and 6 closed out — a net gain of 3 holders — while 26 added to existing stakes and 33 trimmed.
The largest buyer was Mackenzie Financial, opening a new position worth an estimated $12.1M. The largest seller was Mawer Investment Management, exiting entirely with an estimated $59.6M sold.
- 95 institutional investors held Descartes Systems (DSGX) as of Q2 2016, up from 93 in Q1 2016.
- Funds reported $1.15B of Descartes Systems stock for Q2 2016, down 7.1% quarter-over-quarter.
- 9 funds opened new Descartes Systems positions in Q2 2016 and 6 closed out, a net change of +3 holders.
- The largest Descartes Systems buyer in Q2 2016 was Mackenzie Financial, an estimated $12.1M added.
- The largest Descartes Systems seller in Q2 2016 was Mawer Investment Management, an estimated $59.6M sold.
Based on aggregated 13F filings for Q2 2016.