DESCARTES SYS GROUP INC DSGX
COM · Common Stock · CUSIP 249906108 · ISIN CA2499061083
- SectorTechnology
- IndustryServices-Prepackaged Software
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 225 |
| Q4 2022 | 228 |
| Q1 2023 | 258 |
| Q2 2023 | 260 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 91 | 126 |
| Q1 2023 | 136 | 96 |
| Q2 2023 | 125 | 126 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $940.0k | $1.2m | 1.29 |
| Q4 2022 | $725.2k | $704.2k | 0.97 |
| Q1 2023 | $451.4k | $241.8k | 0.54 |
| Q2 2023 | $897.2k | $3.7m | 4.07 |
Biggest buyers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +535.2k |
| LORD, ABBETT & CO. LLC | Added | +480.7k |
| Man Group plc | New | +271.8k |
| Baird Financial Group, Inc. | Added | +263.3k |
| FRANKLIN RESOURCES INC | Added | +259.5k |
| NATIONAL BANK OF CANADA /FI/ | Added | +179.4k |
| MACKENZIE FINANCIAL CORP | Added | +163.7k |
| TD Asset Management Inc | Added | +160.0k |
| BANK OF AMERICA CORP /DE/ | Added | +143.6k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO | Added | +119.4k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -888.7k |
| GOLDMAN SACHS GROUP INC | Reduced | -366.3k |
| Durable Capital Partners LP | Reduced | -289.4k |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -251.7k |
| JARISLOWSKY, FRASER Ltd | Reduced | -219.7k |
| ROYAL BANK OF CANADA | Reduced | -214.5k |
| Triasima Portfolio Management inc. | Reduced | -174.2k |
| Man Group plc | Sold out | -137.9k |
| AMERIPRISE FINANCIAL INC | Reduced | -123.5k |
| WASATCH ADVISORS LP | Reduced | -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.
| Holder | Stake |
|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution -1.5 pts · filed 2026-08-14 | 6.6% |
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
| Manager | Shares | Change |
|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio | 8.3m $662.6m | Reduced -888.7k |
| JARISLOWSKY, FRASER Ltd 2.13% of their portfolio | 4.5m $358.2m | Reduced -219.7k |
| Durable Capital Partners LP 2.48% of their portfolio | 3.5m $282.9m | Reduced -289.4k |
| VANGUARD GROUP INC 0.01% of their portfolio | 3.0m $241.6m | Added +53.9k |
| Conestoga Capital Advisors, LLC 3.82% of their portfolio | 3.0m $240.3m | Reduced -4.2k |
| PRIMECAP MANAGEMENT CO/CA/ 0.18% of their portfolio | 2.7m $213.1m | Reduced -251.7k |
| T. Rowe Price Investment Management, Inc. 0.12% of their portfolio | 2.3m $180.3m | Reduced -89.8k |
| Fiera Capital Corp 0.49% of their portfolio | 2.1m $168.3m | Added +38.8k |
| Invesco Ltd. 0.03% of their portfolio | 1.6m $129.3m | Reduced -100.2k |
| Echo Street Capital Management LLC 1.08% of their portfolio | 1.6m $126.6m | Reduced -31.3k |
| MACKENZIE FINANCIAL CORP 0.19% of their portfolio | 1.5m $122.7m | Added +163.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.60% of their portfolio | 1.5m $120.3m | Reduced -8.8k |
| GENEVA CAPITAL MANAGEMENT LLC 2.27% of their portfolio | 1.4m $115.1m | Reduced -9.3k |
| LORD, ABBETT & CO. LLC 0.19% of their portfolio | 1.4m $108.7m | Added +480.7k |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 1.3m $100.5m | Added +259.5k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 1.2m $99.7m | Added +33.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.12% of their portfolio | 1.2m $95.5m | Added +535.2k |
| NORGES BANK 0.02% of their portfolio | 1.1m $84.6m | Added +33.6k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 749.9k $74.0m | Reduced -123.5k |
| RIVERBRIDGE PARTNERS LLC 0.75% of their portfolio | 740.5k $59.3m | Reduced -702 |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 715.0k $57.3m | Reduced -1.3k |
| GW&K Investment Management, LLC 0.54% of their portfolio | 704.7k $56.5m | Reduced -7.5k |
| TD Asset Management Inc 0.06% of their portfolio | 677.1k $54.3m | Added +160.0k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 664.8k $53.3m | Reduced -214.5k |
| CREDIT SUISSE AG/ 0.05% of their portfolio | 619.5k $49.6m | Reduced -102.8k |
| WASATCH ADVISORS LP 0.28% of their portfolio | 580.3k $46.5m | Reduced -111.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 562.7k $45.1m | Added +1.3k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 516.4k $41.4m | Added +13.5k |
| Artisan Partners Limited Partnership 0.07% of their portfolio | 506.9k $40.6m | Reduced -98.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 501.6k $40.2m | Reduced -366.3k |
| Premier Fund Managers Ltd 1.42% of their portfolio | 456.4k $35.8m | Reduced -24.8k |
| BANK OF NOVA SCOTIA 0.09% of their portfolio | 436.5k $35.0m | Added +28.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 415.9k $33.3m | Added +143.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 414.0k $33.2m | Added +25.1k |
| Legal & General Group Plc 0.01% of their portfolio | 401.4k $32.2m | Added +84.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 366.3k $29.6m | Added +19.3k |
| Granite Investment Partners, LLC 1.15% of their portfolio | 360.4k $28.9m | Reduced -3.4k |
| Aperture Investors, LLC 3.54% of their portfolio | 359.3k $28.8m | Reduced -61.9k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 342.4k $27.4m | Added +16.1k |
| Summit Creek Advisors LLC 3.38% of their portfolio | 337.1k $27.0m | Added +308 |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 323.5k $25.9m | Added +62.0k |
| NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio | 322.2k $25.7m | Added +179.4k |
| Swiss National Bank 0.02% of their portfolio | 319.1k $25.6m | Reduced -21.5k |
| BlackRock Inc. 0.00% of their portfolio | 315.4k $25.3m | Added +38.8k |
| Baird Financial Group, Inc. 0.07% of their portfolio | 310.9k $24.9m | Added +263.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 307.8k $24.7m | Reduced -9.3k |
| BLAIR WILLIAM & CO/IL 0.09% of their portfolio | 306.1k $24.5m | Added +22.5k |
| MORGAN STANLEY 0.00% of their portfolio | 299.8k $24.0m | Reduced -6.8k |
| HERALD INVESTMENT MANAGEMENT Ltd 4.35% of their portfolio | 280.0k $22.4m | Reduced -5.0k |
| Chevy Chase Trust Holdings, LLC 0.08% of their portfolio | 274.1k $22.0m | Reduced -23.0k |
| Man Group plc 0.07% of their portfolio | 271.8k $21.8m | New |
| Thrivent Financial for Lutherans 0.05% of their portfolio | 271.3k $21.7m | Added +85.3k |
| 1832 Asset Management L.P. 0.04% of their portfolio | 262.0k $21.0m | Reduced -10.7k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.10% of their portfolio | 259.2k $20.8m | Added +119.4k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 257.4k $20.6m | Reduced -6.0k |
| Stephens Investment Management Group LLC 0.32% of their portfolio | 253.2k $20.3m | Added +10.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 240.6k $19.3m | Reduced -13.1k |
| Addenda Capital Inc. 1.07% of their portfolio | 239.9k $25.5m | Reduced -4.4k |
| PUTNAM INVESTMENTS LLC 0.03% of their portfolio | 232.9k $18.7m | Added +20.7k |
| Pembroke Management, LTD 2.59% of their portfolio | 226.4k $24.0m | Reduced -7.5k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 222.6k $17.8m | Added +21.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 212.6k $17.0m | Added +36.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 202.3k $16.2m | Reduced -30.4k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 196.8k $15.8m | Added +85.1k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 195.0k $15.6m | Added +50.4k |
| Public Sector Pension Investment Board 0.11% of their portfolio | 187.2k $15.0m | Added +4.9k |
| AGF MANAGEMENT LTD 0.11% of their portfolio | 186.0k $14.9m | Added +19.8k |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 180.5k $14.5m | Added +50.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 171.1k $13.7m | Reduced -38.3k |
| FIL Ltd 0.01% of their portfolio | 165.0k $13.2m | Unchanged |
| TORONTO DOMINION BANK 0.01% of their portfolio | 159.3k $14.4m | Added +110.7k |
| DF DENT & CO INC 0.16% of their portfolio | 146.7k $11.7m | Reduced -2.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 145.3k $11.6m | Added +10.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 142.2k $11.4m | Reduced -711 |
| Fenimore Asset Management Inc 0.27% of their portfolio | 134.6k $10.8m | Added +76 |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 133.8k $10.7m | Added +71.8k |
| Alberta Investment Management Corp 0.10% of their portfolio | 126.8k $10.2m | Reduced -64.0k |
| SCOUT INVESTMENTS, INC. 0.20% of their portfolio | 123.7k $9.7m | Reduced -3.7k |
| NICHOLAS COMPANY, INC. 0.18% of their portfolio | 120.4k $9.6m | Reduced -55 |
| Triasima Portfolio Management inc. 0.81% of their portfolio | 120.1k $12.7m | Reduced -174.2k |
| BESSEMER GROUP INC 0.02% of their portfolio | 118.0k $9.4m | Reduced -92.9k |
| Hillsdale Investment Management Inc. 0.77% of their portfolio | 104.7k $8.4m | Added +1.7k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 104.0k $8.3m | Reduced -2.9k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.06% of their portfolio | 103.0k $8.2m | Reduced -2.9k |
| GUARDIAN CAPITAL LP 0.25% of their portfolio | 97.6k $7.8m | Reduced -34.1k |
| Homestead Advisers Corp 0.20% of their portfolio | 95.6k $7.7m | Reduced -6.2k |
| CIBC Asset Management Inc 0.03% of their portfolio | 87.5k $7.0m | Added +405 |
| Nicholas Investment Partners, LP 0.46% of their portfolio | 84.9k $6.8m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 84.6k $6.8m | Added +32.9k |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 81.3k $6.5m | Added +1.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 80.2k $6.4m | Added +14.4k |
| CIDEL ASSET MANAGEMENT INC 0.29% of their portfolio | 79.7k $6.4m | New |
| M&G INVESTMENT MANAGEMENT LTD 0.04% of their portfolio | 75.5k $6.0m | New |
| Cumberland Partners Ltd 0.53% of their portfolio | 72.7k $5.8m | Unchanged |
| Thematics Asset Management 0.28% of their portfolio | 71.8k $5.7m | Unchanged |
| OAK RIDGE INVESTMENTS LLC 0.69% of their portfolio | 69.8k $5.6m | Reduced -2.0k |
| Maryland State Retirement & Pension System 0.12% of their portfolio | 69.2k $5.5m | New |
| Quadrature Capital Ltd 0.12% of their portfolio | 69.2k $5.5m | Added +25.5k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 68.4k $5.5m | Added +39.0k |
| NBW CAPITAL LLC 1.28% of their portfolio | 68.3k $5.5m | Reduced -12.8k |