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Descartes Systems
DSGX

183 hedge funds and large institutions have $3.97B invested in Descartes Systems in 2020 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 63 increasing their positions, 70 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

108% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 13

8% more funds holding

Funds holding: 169 → 183 (+14)

7% more capital invested

Capital invested by funds: $3.7B → $3.97B (+$269M)

0.23% less ownership

Funds ownership: 81.96% → 81.73% (-0.23%)

10% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 70

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
183
Holders Change
+14
Holders Change %
+8.28%
% of All Funds
3.69%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.06%
New
27
Increased
63
Reduced
70
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CS
Credit Suisse
Switzerland
+$72.2M
2
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
+$36M
3
Canada Life
Canada Life
Manitoba, Canada
+$27.6M
4
GCC
Guardian Capital (Canada)
Ontario, Canada
+$18.3M
5
NIPH
NN Investment Partners Holdings
Netherlands
+$13M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$39.1M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$29.5M
3
Fidelity International
Fidelity International
Bermuda
-$26.6M
4
Norges Bank
Norges Bank
Norway
-$13.1M
5
Primecap Management
Primecap Management
California
-$12.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$682M -$39.1M -706,152 -6%
Primecap Management
2
Primecap Management
California
$309M -$12.5M -225,800 -4%
JFL
3
Jarislowsky, Fraser Ltd
Quebec, Canada
$255M +$698K +12,605 +0.3%
Bank of Montreal
4
Bank of Montreal
Ontario, Canada
$240M +$798K +14,413 +0.3%
CCA
5
Conestoga Capital Advisors
Pennsylvania
$169M +$7M +126,469 +4%
Vanguard Group
6
Vanguard Group
Pennsylvania
$141M -$576K -10,413 -0.4%
Massachusetts Financial Services
7
Massachusetts Financial Services
Massachusetts
$135M -$1.91M -34,425 -1%
Connor, Clark & Lunn Investment Management (CC&L)
8
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$128M -$10.6M -190,891 -8%
Manulife (Manufacturers Life Insurance)
9
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$117M +$2.33M +42,107 +3%
CS
10
Credit Suisse
Switzerland
$78.1M +$72.2M +1,304,009 +1,971%
DCP
11
Durable Capital Partners
Maryland
$77.8M -$3.98M -71,859 -5%
GCM
12
Geneva Capital Management
Wisconsin
$76.3M +$1.84M +33,250 +3%
Norges Bank
13
Norges Bank
Norway
$73.4M -$13.1M -236,081 -15%
ESCM
14
Echo Street Capital Management
New York
$73M -$9.1M -164,502 -11%
Invesco
15
Invesco
Georgia
$71.6M +$2.37M +42,910 +4%
Janus Henderson Group
16
Janus Henderson Group
United Kingdom
$68.1M -$6.53M -117,977 -9%
Franklin Resources
17
Franklin Resources
California
$54.5M -$2.4M -43,405 -4%
PIMC
18
Praesidium Investment Management Company
New York
$54.2M -$1.96M -35,439 -4%
Mackenzie Financial
19
Mackenzie Financial
Ontario, Canada
$52.8M +$590K +10,668 +1%
WA
20
Wasatch Advisors
Utah
$47.8M +$6.05M +109,355 +15%
Artisan Partners
21
Artisan Partners
Wisconsin
$43.7M +$7.49M +135,400 +21%
Canada Life
22
Canada Life
Manitoba, Canada
$41M +$27.6M +498,089 +225%
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$39.3M +$1.66M +29,980 +5%
Caisse de Depot et Placement du Quebec (CDPQ)
24
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$36.9M +$36M +650,000 New
Fidelity International
25
Fidelity International
Bermuda
$36.2M -$26.6M -481,171 -43%
1
2 3 4 5

DSGX Hedge Fund Activity: Q3 2020 in Review

183 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q3 2020, worth a combined $3.97B — up 7.3% from $3.7B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new DSGX positions and 13 closed out — a net gain of 14 holders — while 63 added to existing stakes and 70 trimmed.

The largest buyer was Credit Suisse, adding an estimated $72.2M. The largest seller was T. Rowe Price Associates, cutting an estimated $39.1M.

  • 183 institutional investors held Descartes Systems (DSGX) as of Q3 2020, up from 169 in Q2 2020.
  • Funds reported $3.97B of Descartes Systems stock for Q3 2020, up 7.3% quarter-over-quarter.
  • 27 funds opened new Descartes Systems positions in Q3 2020 and 13 closed out, a net change of +14 holders.
  • The largest Descartes Systems buyer in Q3 2020 was Credit Suisse, an estimated $72.2M added.
  • The largest Descartes Systems seller in Q3 2020 was T. Rowe Price Associates, an estimated $39.1M sold.

Based on aggregated 13F filings for Q3 2020.