Descartes Systems Group
DSGX • NASDAQ
Descartes Systems Group is a software - application company in the technology sector on NASDAQ, led by Edward J. Ryan, with a market cap of $7.8B. As of Q3 2025, 76% of shares are held by 364 institutional investors, with PRICE T ROWE ASSOCIATES INC /MD/ as the largest holder at 9.04%.
CEOEdward J. Ryan
Overview
Overview of institutional ownership in DSGX as of Q3 2025 with a market cap of $8.1B
All Institutions
- Institutions
- 364
- Value Held
- $6.1B
- Shares Held
- 65.0M
- Avg Position
- $16.8M
- Median Position
- $1.2M
Hedge Funds
- Hedge Funds
- 34
- Value Held
- $309.4M
- Shares Held
- 3.3M
- Avg Position
- $9.1M
- Median Position
- $2.1M
Ownership Breakdown
Based on market cap of $8.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in DSGX as of Q3 2025
| Institution | Position Value |
|---|---|
 PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager | $732.1M 0.08% of portfolio |
 VANGUARD GROUP INC Institution | $332.7M 0.00% of portfolio |
 MACKENZIE FINANCIAL CORP Long Only Manager | $312.1M 0.38% of portfolio |
F Fiera Capital Corp Institution | $280.1M 0.91% of portfolio |
 Conestoga Capital Advisors, LLC Long Only Manager | $248.3M 3.99% of portfolio |
 Jarislowsky, Fraser Ltd Long Only Manager | $233.9M 1.29% of portfolio |
 HENDERSON GROUP PLC Institution | $213.9M 0.10% of portfolio |
T T. Rowe Price Investment Management, Inc. Insurance Manager | $187.3M 0.12% of portfolio |
 BANK OF MONTREAL /CAN/ Institution | $158.5M 0.07% of portfolio |
 GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager | $148.1M 2.54% of portfolio |
Net Capital Flow
Institutional buying and selling activity for DSGX in Q3 2025
- Traded
- −$108.6M
- Buyers
- 187
- Sellers
- 168
- Total Bought
- +$798.5M
- Total Sold
- −$907.1M
- Avg Position
- $15.4M
Biggest Buyers
| Institution | Net Bought |
|---|---|
HENDERSON GROUP PLC Institution | +$154.0M +1.6M shares |
T TEMASEK HOLDINGS LTD Institution | +$53.5M +567.4K shares |
 MORGAN STANLEY RIA/Wealth | +$33.2M +352.4K shares |
 WESTFIELD CAPITAL MANAGEMENT CO LP Long Only Manager | +$33.1M +351.7K shares |
 BANK OF AMERICA CORP /DE/ Institution | +$32.9M +349.5K shares |
R ROYAL BANK OF CANADA Institution | +$27.4M +291.1K shares |
F Fiera Capital Corp Institution | +$26.0M +276.3K shares |
D Dixon Mitchell Investment Counsel Inc. Institution | +$24.0M +255.2K shares |
 TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | +$23.0M +244.3K shares |
F FIL Ltd Institution | +$22.7M +241.6K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 Durable Capital Partners LP Hedge Fund•Long/Short | −$229.1M −2.3M shares |
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager | −$74.6M −791.2K shares |
 Connor, Clark & Lunn Investment Management Ltd. Long Only Manager | −$64.2M −682.2K shares |
MACKENZIE FINANCIAL CORP Long Only Manager | −$59.2M −629.3K shares |
 FRANKLIN RESOURCES INC Institution | −$59.0M −626.5K shares |
 Allspring Global Investments Holdings, LLC Long Only Manager | −$41.5M −407.2K shares |
 PRIMECAP MANAGEMENT CO/CA/ Long Only Manager | −$28.9M −307.0K shares |
A Addenda Capital Inc. Long Only Manager | −$21.9M −167.1K shares |
 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager | −$20.7M −219.4K shares |
 Praesidium Investment Management Company, LLC Hedge Fund•Value | −$19.4M −206.1K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited DSGX in Q3 2025
- New Positions
- 23
- New Value
- $36.4M
- Exited Positions
- 34
- Exited Value
- $333.6M
New Positions
| Institution | Position Value |
|---|---|
O Ophir Asset Management Pty Ltd Long Only Manager | $19.5M 207.3K shares |
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution | $8.5M 90.5K shares |
H Headlands Technologies LLC Institution | $1.6M 16.9K shares |
 CenterBook Partners LP Hedge Fund•Market Neutral | $988.1K 10.5K shares |
U Utah Retirement Systems Institution | $901.1K 9.6K shares |
G Gen-Wealth Partners Inc Institution | $773.2K 8.2K shares |
 UNITED CAPITAL FINANCIAL ADVISERS, LLC RIA/Wealth | $674.6K 7.2K shares |
V Value Partner Investments Inc. Institution | $554.4K 5.9K shares |
F Farringdon Capital, Ltd. Institution | $471.7K 5.0K shares |
B Bayesian Capital Management, LP Hedge Fund•Quant | $424.7K 4.5K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
Durable Capital Partners LP Hedge Fund•Long/Short | $229.1M 2.3M shares |
Allspring Global Investments Holdings, LLC Long Only Manager | $41.5M 407.2K shares |
M Man Group plc Institution | $12.5M 123.0K shares |
 JENNISON ASSOCIATES LLC Long Only Manager | $11.8M 116.4K shares |
 UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager | $10.1M 99.5K shares |
 INTACT INVESTMENT MANAGEMENT INC. Private Equity | $6.2M 61.0K shares |
 Lombard Odier Asset Management Ltd Private Equity | $3.1M 30.2K shares |
T Triasima Portfolio Management inc. Long Only Manager | $3.0M 29.3K shares |
S State of Tennessee, Treasury Department Institution | $2.4M 23.9K shares |
 WHITTIER TRUST CO OF NEVADA INC RIA/Wealth | $2.3M 22.4K shares |
Options Activity
Institutions with the largest Call and Put options positions in DSGX as of Q3 2025
- Call Positions
- 8
- Call Value
- $11.1M
- Put Positions
- 6
- Put Value
- $2.5M
Call Positions
| Institution | Position Value |
|---|---|
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage | $6.0M 641.0 contracts |
P PEAK6 LLC Institution | $2.2M 229.0 contracts |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $961.1K 102.0 contracts |
S SIG North Trading, ULC Institution | $904.6K 96.0 contracts |
D D. E. Shaw & Co., Inc. Institution | $471.2K 50.0 contracts |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $339.2K 36.0 contracts |
 TORONTO DOMINION BANK Institution | $188.3K 20.0 contracts |
 Walleye Trading LLC RIA/Wealth | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
S SIG North Trading, ULC Institution | $1.8M 190.0 contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $320.4K 34.0 contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $273.3K 29.0 contracts |
TORONTO DOMINION BANK Institution | $141.2K 15.0 contracts |
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage | - - contracts |
Walleye Trading LLC RIA/Wealth | - - contracts |
Most Committed Institutions
Institutions with DSGX as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
 Grandeur Peak Global Advisors, LLC Long Only Manager | 5.25% $39.1M |
Praesidium Investment Management Company, LLC Hedge Fund•Value | 4.63% $23.7M |
Conestoga Capital Advisors, LLC Long Only Manager | 3.99% $248.3M |
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager | 2.54% $148.1M |
O Ophir Asset Management Pty Ltd Long Only Manager | 2.41% $19.5M |
S Summit Creek Advisors LLC Long Only Manager | 2.41% $16.5M |
H Herald Investment Management Ltd Institution | 2.34% $17.4M |
 Crown Oak Advisors, LLC RIA/Wealth | 2.06% $4.4M |
 Alpine Peaks Capital, LP Hedge Fund•Long/Short | 2.05% $2.4M |
A Ativo Capital Management LLC Long Only Manager | 1.87% $1.5M |
Hedge Fund Spotlight
Discover hedge funds investing in DSGX
C
Campbell & CO Investment Adviser LLC
Hedge Fund • Quant Macro
Portfolio ManagerKevin Dwayne Cole
- Portfolio Value
- $1.3B
- Positions
- 1,051
- Last Reported
- Q3 2025
Sector Allocation
Position in Descartes Systems Group
- Market Value
- $4.1M
- Shares Held
- 43.2K
- Portfolio Weight
- 0.31%
- Owned Since
- 2025-Q2
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Gold Basic Materials | $11.4M | 0.86% | |
Unknown Unknown | $9.5M | 0.72% | |
Grocery Stores Consumer Defensive | $9.3M | 0.71% |
