We are live on ! Find out more
DSGX icon

Descartes Systems
DSGX

351 hedge funds and large institutions have $5.72B invested in Descartes Systems in 2025 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 137 increasing their positions, 120 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more call options, than puts

Call options by funds: $16.2M | Put options by funds: $6.47M

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

14% more repeat investments, than reductions

Existing positions increased: 137 | Existing positions reduced: 120

0.12% more ownership

Funds ownership: 75.69% → 75.81% (+0.12%)

6% less funds holding

Funds holding: 373 → 351 (-22)

7% less capital invested

Capital invested by funds: $6.14B → $5.72B (-$412M)

18% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 66

Holders
351
Holders Change
-22
Holders Change %
-5.9%
% of All Funds
4.27%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.07%
New
54
Increased
137
Reduced
120
Closed
66
Calls
$16.2M
Puts
$6.47M
Net Calls
+$9.7M
Net Calls Change
+$1.15M

Top Buyers

1
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$216M
2
DCP
Durable Capital Partners
Maryland
+$153M
3
Morgan Stanley
Morgan Stanley
New York
+$69.8M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$66.4M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$51.9M

Top Sellers

1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$151M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$143M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$69.4M
4
CAM
Congress Asset Management
Massachusetts
-$66.7M
5
Fidelity International
Fidelity International
Bermuda
-$46.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$613M -$69.4M -776,252 -10%
Vanguard Group
2
Vanguard Group
Pennsylvania
$316M +$6.19M +69,260 +2%
Mackenzie Financial
3
Mackenzie Financial
Ontario, Canada
$296M +$5.01M +56,069 +2%
1832 Asset Management
4
1832 Asset Management
Ontario, Canada
$227M +$216M +2,415,075 +1,348%
CCA
5
Conestoga Capital Advisors
Pennsylvania
$220M -$11.3M -126,907 -5%
Janus Henderson Group
6
Janus Henderson Group
United Kingdom
$217M +$18.2M +203,614 +9%
Arrowstreet Capital
7
Arrowstreet Capital
Massachusetts
$153M +$66.4M +743,104 +74%
DCP
8
Durable Capital Partners
Maryland
$150M +$153M +1,710,202 New
Morgan Stanley
9
Morgan Stanley
New York
$139M +$69.8M +780,857 +97%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$137M -$11.3M -125,869 -7%
Temasek Holdings
11
Temasek Holdings
Singapore
$128M – – –
GCM
12
Geneva Capital Management
Wisconsin
$125M -$12.7M -142,627 -9%
Fiera Capital (Canada)
13
Fiera Capital (Canada)
Quebec, Canada
$120M -$143M -1,604,880 -54%
Westfield Capital Management
14
Westfield Capital Management
Massachusetts
$105M +$17.2M +192,538 +19%
CIBC Asset Management
15
CIBC Asset Management
Ontario, Canada
$103M +$18.2M +203,522 +21%
Primecap Management
16
Primecap Management
California
$103M -$420K -4,700 -0.4%
Norges Bank
17
Norges Bank
Norway
$100M +$102M +1,144,488 New
Geode Capital Management
18
Geode Capital Management
Massachusetts
$100M +$22.4M +251,026 +29%
Fidelity Investments
19
Fidelity Investments
Massachusetts
$83.9M +$51.9M +580,366 +154%
D.E. Shaw & Co
20
D.E. Shaw & Co
New York
$70.1M +$50.5M +564,489 +240%
Franklin Resources
21
Franklin Resources
California
$66.1M -$40.8M -456,844 -38%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$60.7M -$29.2M -326,163 -32%
TD Asset Management
23
TD Asset Management
Ontario, Canada
$60.2M -$23.4M -261,830 -28%
Renaissance Technologies
24
Renaissance Technologies
New York
$59M +$16.2M +181,100 +37%
Goldman Sachs
25
Goldman Sachs
New York
$50.4M +$6.79M +75,980 +15%
1
2 3 4 5

DSGX Hedge Fund Activity: Q4 2025 in Review

351 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Descartes Systems (DSGX) for Q4 2025, worth a combined $5.72B — down 6.7% from $6.14B a quarter earlier.

Sellers outnumbered buyers: 66 funds closed out of DSGX and 54 opened new positions — a net loss of 12 holders — while 120 trimmed existing stakes and 137 added.

The largest buyer was 1832 Asset Management, adding an estimated $216M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $151M.

  • 351 institutional investors held Descartes Systems (DSGX) as of Q4 2025, down from 373 in Q3 2025.
  • Funds reported $5.72B of Descartes Systems stock for Q4 2025, down 6.7% quarter-over-quarter.
  • 54 funds opened new Descartes Systems positions in Q4 2025 and 66 closed out, a net change of -12 holders.
  • The largest Descartes Systems buyer in Q4 2025 was 1832 Asset Management, an estimated $216M added.
  • The largest Descartes Systems seller in Q4 2025 was T. Rowe Price Investment Management, an estimated $151M sold.

Based on aggregated 13F filings for Q4 2025.