Descartes Systems
DSGX
190 hedge funds and large institutions have $4.18B invested in Descartes Systems in 2021 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 72 increasing their positions, 77 reducing their positions, and 18 closing their positions.
17% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 18
3% more capital invested
Capital invested by funds: $4.05B → $4.18B (+$139M)
1% less funds holding
Funds holding: 191 → 190 (-1)
0.74% less ownership
Funds ownership: 81.01% → 80.27% (-0.74%)
6% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 77
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$37.3M |
| 2 |
Ninety One (UK)
London,
United Kingdom
|
+$31.9M |
| 3 |
ESCM
Echo Street Capital Management
New York
|
+$30.7M |
| 4 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$16.3M |
| 5 |
Jennison Associates
New York
|
+$15.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$41.2M |
| 2 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$38M |
| 3 |
Primecap Management
Pasadena,
California
|
-$33.3M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$15M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$14.4M |
DSGX Hedge Fund Activity: Q1 2021 in Review
190 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q1 2021, worth a combined $4.18B — up 3.4% from $4.05B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new DSGX positions and 18 closed out — a net gain of 3 holders — while 72 added to existing stakes and 77 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $37.3M. The largest seller was Canada Life, cutting an estimated $41.2M.
- 190 institutional investors held Descartes Systems (DSGX) as of Q1 2021, down from 191 in Q4 2020.
- Funds reported $4.18B of Descartes Systems stock for Q1 2021, up 3.4% quarter-over-quarter.
- 21 funds opened new Descartes Systems positions in Q1 2021 and 18 closed out, a net change of +3 holders.
- The largest Descartes Systems buyer in Q1 2021 was Bank of Montreal, an estimated $37.3M added.
- The largest Descartes Systems seller in Q1 2021 was Canada Life, an estimated $41.2M sold.
Based on aggregated 13F filings for Q1 2021.