Descartes Systems
DSGX
154 hedge funds and large institutions have $2.74B invested in Descartes Systems in 2019 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 54 increasing their positions, 59 reducing their positions, and 15 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
27% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 15
5% more capital invested
Capital invested by funds: $2.61B → $2.74B (+$135M)
3% more funds holding
Funds holding: 150 → 154 (+4)
8% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 59
2.91% less ownership
Funds ownership: 83.87% → 80.96% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$65.3M |
| 2 |
ESCM
Echo Street Capital Management
New York
|
+$25.5M |
| 3 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$11.6M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$10.5M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$9.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$128M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$44.3M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$16.5M |
| 4 |
Morgan Stanley
New York
|
-$11.5M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$8.99M |
DSGX Hedge Fund Activity: Q3 2019 in Review
154 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q3 2019, worth a combined $2.74B — up 5.2% from $2.61B a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new DSGX positions and 15 closed out — a net gain of 4 holders — while 54 added to existing stakes and 59 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $65.3M. The largest seller was Mawer Investment Management, exiting entirely with an estimated $128M sold.
- 154 institutional investors held Descartes Systems (DSGX) as of Q3 2019, up from 150 in Q2 2019.
- Funds reported $2.74B of Descartes Systems stock for Q3 2019, up 5.2% quarter-over-quarter.
- 19 funds opened new Descartes Systems positions in Q3 2019 and 15 closed out, a net change of +4 holders.
- The largest Descartes Systems buyer in Q3 2019 was Bank of Montreal, an estimated $65.3M added.
- The largest Descartes Systems seller in Q3 2019 was Mawer Investment Management, an estimated $128M sold.
Based on aggregated 13F filings for Q3 2019.