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Descartes Systems

373 hedge funds and large institutions have $6.14B invested in Descartes Systems in 2025 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 131 increasing their positions, 139 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

325% more call options, than puts

Call options by funds: $11.2M | Put options by funds: $2.63M

55% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 38

4% more funds holding

Funds holding: 357373 (+16)

6% less repeat investments, than reductions

Existing positions increased: 131 | Existing positions reduced: 139

3.33% less ownership

Funds ownership: 79.02%75.69% (-3.3%)

11% less capital invested

Capital invested by funds: $6.91B → $6.14B (-$771M)

17% less funds holding in top 10

Funds holding in top 10: 65 (-1)

Holders
373
Holders Change
+16
Holders Change %
+4.48%
% of All Funds
4.9%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.07%
New
59
Increased
131
Reduced
139
Closed
38
Calls
$11.2M
Puts
$2.63M
Net Calls
+$8.55M
Net Calls Change
+$8.04M
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$732M -$80.9M -791,200 -9%
Vanguard Group
2
Vanguard Group
Pennsylvania
$333M +$11.4M +111,492 +3%
Mackenzie Financial
3
Mackenzie Financial
Ontario, Canada
$312M -$64.3M -629,264 -16%
Fiera Capital (Canada)
4
Fiera Capital (Canada)
Quebec, Canada
$280M +$28.2M +276,329 +10%
CCA
5
Conestoga Capital Advisors
Pennsylvania
$248M -$5.36M -52,473 -2%
JFL
6
Jarislowsky, Fraser Ltd
Quebec, Canada
$234M -$12.4M -121,694 -5%
Janus Henderson Group
7
Janus Henderson Group
United Kingdom
$214M +$167M +1,634,878 +257%
T. Rowe Price Investment Management
8
T. Rowe Price Investment Management
Maryland
$187M -$6.81M -66,593 -3%
Bank of Montreal
9
Bank of Montreal
Ontario, Canada
$159M +$543K +5,317 +0.3%
GCM
10
Geneva Capital Management
Wisconsin
$148M -$151K -1,482 -0.1%
Temasek Holdings
11
Temasek Holdings
Singapore
$138M +$58M +567,386 +63%
Franklin Resources
12
Franklin Resources
California
$114M -$64M -626,484 -34%
Primecap Management
13
Primecap Management
California
$111M -$31.4M -307,013 -21%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$96M +$29.8M +291,131 +40%
Westfield Capital Management
15
Westfield Capital Management
Massachusetts
$94.4M +$35.9M +351,700 +54%
Arrowstreet Capital
16
Arrowstreet Capital
Massachusetts
$94.2M -$20.7M -202,038 -17%
CIBC Asset Management
17
CIBC Asset Management
Ontario, Canada
$91.4M +$13.1M +127,762 +15%
TD Asset Management
18
TD Asset Management
Ontario, Canada
$89.2M -$4.36M -42,628 -4%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$83.8M +$7.91M +77,354 +10%
Connor, Clark & Lunn Investment Management (CC&L)
20
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$79.7M -$69.7M -682,214 -45%
Morgan Stanley
21
Morgan Stanley
New York
$75.7M +$36M +352,410 +78%
CAM
22
Congress Asset Management
Massachusetts
$66.7M -$17.6M -172,498 -20%
Bank of America
23
Bank of America
North Carolina
$60.6M +$35.7M +349,517 +119%
RP
24
Riverbridge Partners
Minnesota
$55.5M -$5.04M -49,317 -8%
Fidelity International
25
Fidelity International
Bermuda
$53.7M +$24.7M +241,575 +73%

DSGX Hedge Fund Activity: Q3 2025 in Review

373 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q3 2025, worth a combined $6.14B — down 11% from $6.91B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new DSGX positions and 38 closed out — a net gain of 21 holders — while 131 added to existing stakes and 139 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $167M. The largest seller was Durable Capital Partners, exiting entirely with an estimated $229M sold.

  • 373 institutional investors held Descartes Systems (DSGX) as of Q3 2025, up from 357 in Q2 2025.
  • Funds reported $6.14B of Descartes Systems stock for Q3 2025, down 11% quarter-over-quarter.
  • 59 funds opened new Descartes Systems positions in Q3 2025 and 38 closed out, a net change of +21 holders.
  • The largest Descartes Systems buyer in Q3 2025 was Janus Henderson Group, an estimated $167M added.
  • The largest Descartes Systems seller in Q3 2025 was Durable Capital Partners, an estimated $229M sold.

Based on aggregated 13F filings for Q3 2025.