Vault-13

DESCARTES SYS GROUP INC DSGX

COM · Common Stock · CUSIP 249906108 · ISIN CA2499061083

260 institutional holders +2 vs Q1 2023
67,008,12167.0m shares reported held*
$5.4bnreported value*
28 new 97 added 97 reduced 29 sold out net bought ≈ $27.7m (+477.8k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($10.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $80.60. Options: 4 managers hold calls ($897.2k notional), 4 hold puts ($3.7m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 225Q4 22: 228Q1 23: 258Q2 23: 260260Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022225
Q4 2022228
Q1 2023258
Q2 2023260

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 91 bought or addedQ4 22: 126 cut or sold outQ4 22Q1 23: 136 bought or addedQ1 23: 96 cut or sold outQ1 23Q2 23: 125 bought or addedQ2 23: 126 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202291126
Q1 202313696
Q2 2023125126

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3m$4mQ3 22 calls: $940.0kQ3 22 puts: $1.2mQ3 22P/C 1.29Q4 22 calls: $725.2kQ4 22 puts: $704.2kQ4 22P/C 0.97Q1 23 calls: $451.4kQ1 23 puts: $241.8kQ1 23P/C 0.54Q2 23 calls: $897.2kQ2 23 puts: $3.7mQ2 23P/C 4.07
Numbers
QuarterCallsPutsP/C
Q3 2022$940.0k$1.2m1.29
Q4 2022$725.2k$704.2k0.97
Q1 2023$451.4k$241.8k0.54
Q2 2023$897.2k$3.7m4.07

Biggest buyers

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +535,174+535.2k
LORD, ABBETT & CO. LLC Added +480,730+480.7k
Man Group plc New +271,840+271.8k
Baird Financial Group, Inc. Added +263,259+263.3k
FRANKLIN RESOURCES INC Added +259,503+259.5k
NATIONAL BANK OF CANADA /FI/ Added +179,385+179.4k
MACKENZIE FINANCIAL CORP Added +163,655+163.7k
TD Asset Management Inc Added +160,044+160.0k
BANK OF AMERICA CORP /DE/ Added +143,634+143.6k
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO Added +119,420+119.4k

Biggest sellers

PRICE T ROWE ASSOCIATES INC /MD/ Reduced -888,697-888.7k
GOLDMAN SACHS GROUP INC Reduced -366,347-366.3k
Durable Capital Partners LP Reduced -289,383-289.4k
PRIMECAP MANAGEMENT CO/CA/ Reduced -251,705-251.7k
JARISLOWSKY, FRASER Ltd Reduced -219,652-219.7k
ROYAL BANK OF CANADA Reduced -214,514-214.5k
Triasima Portfolio Management inc. Reduced -174,195-174.2k
Man Group plc Sold out -137,872-137.9k
AMERIPRISE FINANCIAL INC Reduced -123,499-123.5k
WASATCH ADVISORS LP Reduced -111,264-111.3k

Biggest calls

SIG North Trading, ULC Added $769.1k9.6k shares
CITADEL ADVISORS LLC Reduced $120.2k1.5k shares
SIMPLEX TRADING, LLC Unchanged $8.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $2.6m32.0k shares
Caption Management, LLC New $1.1m13.5k shares
SIMPLEX TRADING, LLC New $8.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution -1.5 pts · filed 2026-08-14 6.6% -1.5 pts 5.7m≈ $392.6m 2026-08-14

Fell to 5% or below in the last year: BlackRock, Inc. (3.8%, 2026-10-27)

Insider purchases and sales in Q2 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio BALTIMORE, MD 8,271,6318.3m $662.6m $662.6m 0.09% Reduced -888.7k -888,697
2 JARISLOWSKY, FRASER Ltd 2.13% of their portfolio MONTREAL, A8 4,466,3464.5m $358.2m $358.2m 2.13% Reduced -219.7k -219,652
3 Durable Capital Partners LP 2.48% of their portfolio Bethesda, MD 3,530,8063.5m $282.9m $282.9m 2.48% Reduced -289.4k -289,383
4 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 3,016,2603.0m $241.6m $241.6m 0.01% Added +53.9k +53,900
5 Conestoga Capital Advisors, LLC 3.82% of their portfolio WAYNE, PA 3,000,0393.0m $240.3m $240.3m 3.82% Reduced -4.2k -4,235
6 PRIMECAP MANAGEMENT CO/CA/ 0.18% of their portfolio PASADENA, CA 2,660,0012.7m $213.1m $213.1m 0.18% Reduced -251.7k -251,705
7 T. Rowe Price Investment Management, Inc. 0.12% of their portfolio BALTIMORE, MD 2,250,9352.3m $180.3m $180.3m 0.12% Reduced -89.8k -89,827
8 Fiera Capital Corp 0.49% of their portfolio MONTREAL, A8 2,098,2402.1m $168.3m $168.3m 0.49% Added +38.8k +38,815
9 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 1,613,4131.6m $129.3m $129.3m 0.03% Reduced -100.2k -100,234
10 Echo Street Capital Management LLC 1.08% of their portfolio New York, NY 1,580,5231.6m $126.6m $126.6m 1.08% Reduced -31.3k -31,321
11 MACKENZIE FINANCIAL CORP 0.19% of their portfolio TORONTO ONTARIO, A6 1,532,1561.5m $122.7m $122.7m 0.19% Added +163.7k +163,655
12 Connor, Clark & Lunn Investment Management Ltd. 0.60% of their portfolio VANCOUVER, A1 1,502,4461.5m $120.3m $120.3m 0.60% Reduced -8.8k -8,777
13 GENEVA CAPITAL MANAGEMENT LLC 2.27% of their portfolio MILWAUKEE, WI 1,437,0571.4m $115.1m $115.1m 2.27% Reduced -9.3k -9,281
14 LORD, ABBETT & CO. LLC 0.19% of their portfolio JERSEY CITY, NJ 1,356,6881.4m $108.7m $108.7m 0.19% Added +480.7k +480,730
15 FRANKLIN RESOURCES INC 0.05% of their portfolio San Mateo, CA 1,254,8581.3m $100.5m $100.5m 0.05% Added +259.5k +259,503
16 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 1,244,0701.2m $99.7m $99.7m 0.04% Added +33.1k +33,111
17 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.12% of their portfolio BOSTON, MA 1,192,1321.2m $95.5m $95.5m 0.12% Added +535.2k +535,174
18 NORGES BANK 0.02% of their portfolio OSLO, Q8 1,055,8001.1m $84.6m $84.6m 0.02% Added +33.6k +33,633
19 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 749,939749.9k $74.0m $74.0m 0.02% Reduced -123.5k -123,499
20 RIVERBRIDGE PARTNERS LLC 0.75% of their portfolio MINNEAPOLIS, MN 740,456740.5k $59.3m $59.3m 0.75% Reduced -702 -702
21 JANUS HENDERSON GROUP PLC 0.04% of their portfolio LONDON, X0 714,983715.0k $57.3m $57.3m 0.04% Reduced -1.3k -1,313
22 GW&K Investment Management, LLC 0.54% of their portfolio BOSTON, MA 704,724704.7k $56.5m $56.5m 0.54% Reduced -7.5k -7,521
23 TD Asset Management Inc 0.06% of their portfolio Toronto, A6 677,064677.1k $54.3m $54.3m 0.06% Added +160.0k +160,044
24 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 664,843664.8k $53.3m $53.3m 0.01% Reduced -214.5k -214,514
25 CREDIT SUISSE AG/ 0.05% of their portfolio ZURICH, V8 619,502619.5k $49.6m $49.6m 0.05% Reduced -102.8k -102,765
26 WASATCH ADVISORS LP 0.28% of their portfolio SALT LAKE CITY, UT 580,336580.3k $46.5m $46.5m 0.28% Reduced -111.3k -111,264
27 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 562,672562.7k $45.1m $45.1m 0.03% Added +1.3k +1,257
28 NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio NEW YORK, NY 516,419516.4k $41.4m $41.4m 0.04% Added +13.5k +13,521
29 Artisan Partners Limited Partnership 0.07% of their portfolio Milwaukee, WI 506,935506.9k $40.6m $40.6m 0.07% Reduced -98.7k -98,700
30 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 501,573501.6k $40.2m $40.2m 0.01% Reduced -366.3k -366,347
31 Premier Fund Managers Ltd 1.42% of their portfolio GUILDFORD, X0 456,428456.4k $35.8m $35.8m 1.42% Reduced -24.8k -24,821
32 BANK OF NOVA SCOTIA 0.09% of their portfolio TORONTO, A6 436,500436.5k $35.0m $35.0m 0.09% Added +28.7k +28,692
33 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 415,879415.9k $33.3m $33.3m 0.00% Added +143.6k +143,634
34 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 413,976414.0k $33.2m $33.2m 0.01% Added +25.1k +25,143
35 Legal & General Group Plc 0.01% of their portfolio London, X0 401,429401.4k $32.2m $32.2m 0.01% Added +84.2k +84,187
36 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 366,343366.3k $29.6m $29.6m 0.00% Added +19.3k +19,296
37 Granite Investment Partners, LLC 1.15% of their portfolio EL SEGUNDO, CA 360,361360.4k $28.9m $28.9m 1.15% Reduced -3.4k -3,397
38 Aperture Investors, LLC 3.54% of their portfolio New York, NY 359,309359.3k $28.8m $28.8m 3.54% Reduced -61.9k -61,916
39 JENNISON ASSOCIATES LLC 0.02% of their portfolio NEW YORK, NY 342,399342.4k $27.4m $27.4m 0.02% Added +16.1k +16,068
40 Summit Creek Advisors LLC 3.38% of their portfolio MINNEAPOLIS, MN 337,095337.1k $27.0m $27.0m 3.38% Added +308 +308
41 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 323,500323.5k $25.9m $25.9m 0.04% Added +62.0k +62,000
42 NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio MONTREAL, A8 322,206322.2k $25.7m $25.7m 0.05% Added +179.4k +179,385
43 Swiss National Bank 0.02% of their portfolio ZURICH, V8 319,124319.1k $25.6m $25.6m 0.02% Reduced -21.5k -21,500
44 BlackRock Inc. 0.00% of their portfolio New York, NY 315,368315.4k $25.3m $25.3m 0.00% Added +38.8k +38,828
45 Baird Financial Group, Inc. 0.07% of their portfolio MILWAUKEE, WI 310,902310.9k $24.9m $24.9m 0.07% Added +263.3k +263,259
46 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 307,770307.8k $24.7m $24.7m 0.02% Reduced -9.3k -9,330
47 BLAIR WILLIAM & CO/IL 0.09% of their portfolio CHICAGO, IL 306,136306.1k $24.5m $24.5m 0.09% Added +22.5k +22,502
48 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 299,832299.8k $24.0m $24.0m 0.00% Reduced -6.8k -6,788
49 HERALD INVESTMENT MANAGEMENT Ltd 4.35% of their portfolio LONDON, X0 280,000280.0k $22.4m $22.4m 4.35% Reduced -5.0k -5,000
50 Chevy Chase Trust Holdings, LLC 0.08% of their portfolio BETHESDA, MD 274,147274.1k $22.0m $22.0m 0.08% Reduced -23.0k -23,000
51 Man Group plc 0.07% of their portfolio LONDON, X0 271,840271.8k $21.8m $21.8m 0.07% New
52 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 271,346271.3k $21.7m $21.7m 0.05% Added +85.3k +85,275
53 1832 Asset Management L.P. 0.04% of their portfolio TORONTO, A6 261,987262.0k $21.0m $21.0m 0.04% Reduced -10.7k -10,665
54 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.10% of their portfolio DENVER, CO 259,188259.2k $20.8m $20.8m 0.10% Added +119.4k +119,420
55 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 257,420257.4k $20.6m $20.6m 0.02% Reduced -6.0k -5,953
56 Stephens Investment Management Group LLC 0.32% of their portfolio LITTLE ROCK, AR 253,216253.2k $20.3m $20.3m 0.32% Added +10.0k +10,036
57 CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio TORONTO ONTARIO, A6 240,630240.6k $19.3m $19.3m 0.03% Reduced -13.1k -13,100
58 Addenda Capital Inc. 1.07% of their portfolio MONTREAL, A8 239,899239.9k $25.5m $25.5m 1.07% Reduced -4.4k -4,410
59 PUTNAM INVESTMENTS LLC 0.03% of their portfolio BOSTON, MA 232,860232.9k $18.7m $18.7m 0.03% Added +20.7k +20,691
60 Pembroke Management, LTD 2.59% of their portfolio Montreal, A8 226,444226.4k $24.0m $24.0m 2.59% Reduced -7.5k -7,507
61 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 222,575222.6k $17.8m $17.8m 0.05% Added +21.7k +21,683
62 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 212,582212.6k $17.0m $17.0m 0.00% Added +36.1k +36,114
63 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 202,302202.3k $16.2m $16.2m 0.00% Reduced -30.4k -30,443
64 Russell Investments Group, Ltd. 0.03% of their portfolio Seattle, WA 196,828196.8k $15.8m $15.8m 0.03% Added +85.1k +85,080
65 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 194,985195.0k $15.6m $15.6m 0.01% Added +50.4k +50,441
66 Public Sector Pension Investment Board 0.11% of their portfolio MONTREAL, A8 187,236187.2k $15.0m $15.0m 0.11% Added +4.9k +4,858
67 AGF MANAGEMENT LTD 0.11% of their portfolio TORONTO, A6 186,018186.0k $14.9m $14.9m 0.11% Added +19.8k +19,848
68 TWO SIGMA ADVISERS, LP 0.04% of their portfolio NEW YORK, NY 180,500180.5k $14.5m $14.5m 0.04% Added +50.5k +50,500
69 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 171,139171.1k $13.7m $13.7m 0.01% Reduced -38.3k -38,339
70 FIL Ltd 0.01% of their portfolio HAMILTON, D0 165,000165.0k $13.2m $13.2m 0.01% Unchanged
71 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 159,332159.3k $14.4m $14.4m 0.01% Added +110.7k +110,695
72 DF DENT & CO INC 0.16% of their portfolio BALTIMORE, MD 146,657146.7k $11.7m $11.7m 0.16% Reduced -2.0k -2,024
73 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 145,317145.3k $11.6m $11.6m 0.01% Added +10.3k +10,265
74 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 142,190142.2k $11.4m $11.4m 0.00% Reduced -711 -711
75 Fenimore Asset Management Inc 0.27% of their portfolio Cobleskill, NY 134,592134.6k $10.8m $10.8m 0.27% Added +76 +76
76 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 133,770133.8k $10.7m $10.7m 0.01% Added +71.8k +71,820
77 Alberta Investment Management Corp 0.10% of their portfolio EDMONTON, A0 126,787126.8k $10.2m $10.2m 0.10% Reduced -64.0k -64,000
78 SCOUT INVESTMENTS, INC. 0.20% of their portfolio KANSAS CITY, MO 123,703123.7k $9.7m $9.7m 0.20% Reduced -3.7k -3,738
79 NICHOLAS COMPANY, INC. 0.18% of their portfolio MILWAUKEE, WI 120,410120.4k $9.6m $9.6m 0.18% Reduced -55 -55
80 Triasima Portfolio Management inc. 0.81% of their portfolio MONTREAL, A8 120,120120.1k $12.7m $12.7m 0.81% Reduced -174.2k -174,195
81 BESSEMER GROUP INC 0.02% of their portfolio WOODBRIDGE, NJ 117,966118.0k $9.4m $9.4m 0.02% Reduced -92.9k -92,913
82 Hillsdale Investment Management Inc. 0.77% of their portfolio Toronto, A6 104,700104.7k $8.4m $8.4m 0.77% Added +1.7k +1,700
83 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 104,047104.0k $8.3m $8.3m 0.01% Reduced -2.9k -2,879
84 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.06% of their portfolio NEW YORK, NY 102,950103.0k $8.2m $8.2m 0.06% Reduced -2.9k -2,918
85 GUARDIAN CAPITAL LP 0.25% of their portfolio TORONTO, A6 97,57397.6k $7.8m $7.8m 0.25% Reduced -34.1k -34,095
86 Homestead Advisers Corp 0.20% of their portfolio Arlington, VA 95,57095.6k $7.7m $7.7m 0.20% Reduced -6.2k -6,200
87 CIBC Asset Management Inc 0.03% of their portfolio TORONTO, Z4 87,47487.5k $7.0m $7.0m 0.03% Added +405 +405
88 Nicholas Investment Partners, LP 0.46% of their portfolio RANCHO SANTA FE, CA 84,85784.9k $6.8m $6.8m 0.46% Unchanged
89 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 84,57684.6k $6.8m $6.8m 0.00% Added +32.9k +32,918
90 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 81,33081.3k $6.5m $6.5m 0.02% Added +1.2k +1,203
91 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 80,24680.2k $6.4m $6.4m 0.00% Added +14.4k +14,377
92 CIDEL ASSET MANAGEMENT INC 0.29% of their portfolio TORONTO, A6 79,65179.7k $6.4m $6.4m 0.29% New
93 M&G INVESTMENT MANAGEMENT LTD 0.04% of their portfolio London, X0 75,47375.5k $6.0m $6.0m 0.04% New
94 Cumberland Partners Ltd 0.53% of their portfolio TORONTO, A6 72,70072.7k $5.8m $5.8m 0.53% Unchanged
95 Thematics Asset Management 0.28% of their portfolio PARIS, I0 71,77071.8k $5.7m $5.7m 0.28% Unchanged
96 OAK RIDGE INVESTMENTS LLC 0.69% of their portfolio Chicago, IL 69,76169.8k $5.6m $5.6m 0.69% Reduced -2.0k -1,963
97 Maryland State Retirement & Pension System 0.12% of their portfolio BALTIMORE, MD 69,20669.2k $5.5m $5.5m 0.12% New
98 Quadrature Capital Ltd 0.12% of their portfolio LONDON, X0 69,20069.2k $5.5m $5.5m 0.12% Added +25.5k +25,500
99 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 68,38268.4k $5.5m $5.5m 0.01% Added +39.0k +38,977
100 NBW CAPITAL LLC 1.28% of their portfolio BOSTON, MA 68,34268.3k $5.5m $5.5m 1.28% Reduced -12.8k -12,826