Descartes Systems
DSGX
257 hedge funds and large institutions have $5.41B invested in Descartes Systems in 2023 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 96 increasing their positions, 84 reducing their positions, and 13 closing their positions.
231% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 13
86% more call options, than puts
Call options by funds: $451K | Put options by funds: $242K
15% more capital invested
Capital invested by funds: $4.71B → $5.41B (+$697M)
14% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 84
12% more funds holding
Funds holding: 229 → 257 (+28)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1.38% less ownership
Funds ownership: 79.31% → 77.94% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$49M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$13.2M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$10M |
| 4 |
ESCM
Echo Street Capital Management
New York
|
+$9.98M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$9.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$133M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$26.1M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$24.9M |
| 4 |
Jane Street
New York
|
-$13.6M |
| 5 |
Primecap Management
Pasadena,
California
|
-$12.5M |
DSGX Hedge Fund Activity: Q1 2023 in Review
257 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q1 2023, worth a combined $5.41B — up 15% from $4.71B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new DSGX positions and 13 closed out — a net gain of 30 holders — while 96 added to existing stakes and 84 trimmed.
The largest buyer was Arrowstreet Capital, opening a new position worth an estimated $49M. The largest seller was T. Rowe Price Associates, cutting an estimated $133M.
- 257 institutional investors held Descartes Systems (DSGX) as of Q1 2023, up from 229 in Q4 2022.
- Funds reported $5.41B of Descartes Systems stock for Q1 2023, up 15% quarter-over-quarter.
- 43 funds opened new Descartes Systems positions in Q1 2023 and 13 closed out, a net change of +30 holders.
- The largest Descartes Systems buyer in Q1 2023 was Arrowstreet Capital, an estimated $49M added.
- The largest Descartes Systems seller in Q1 2023 was T. Rowe Price Associates, an estimated $133M sold.
Based on aggregated 13F filings for Q1 2023.