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 ($8.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $74.15. Options: 5 managers hold calls ($1.9m notional), 3 hold puts ($623.7k).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 225 |
| Q4 2022 | 228 |
| Q1 2023 | 258 |
| Q2 2023 | 260 |
| Q3 2023 | 257 |
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 |
| Q3 2023 | 114 | 126 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $725.2k | $704.2k | 0.97 |
| Q1 2023 | $451.4k | $241.8k | 0.54 |
| Q2 2023 | $897.2k | $3.7m | 4.07 |
| Q3 2023 | $1.9m | $623.7k | 0.34 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +548.3k |
| Man Group plc | New | +304.5k |
| Echo Street Capital Management LLC | Added | +269.4k |
| SEGALL BRYANT & HAMILL, LLC | Added | +254.2k |
| Baird Financial Group, Inc. | Added | +244.0k |
| MACKENZIE FINANCIAL CORP | Added | +228.0k |
| MILLENNIUM MANAGEMENT LLC | Added | +137.5k |
| MORGAN STANLEY | Added | +132.9k |
| Fiera Capital Corp | Added | +117.6k |
| Quadrature Capital Ltd | Added | +68.1k |
Biggest sellers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -417.0k |
| Man Group plc | Sold out | -271.8k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -162.4k |
| BANK OF AMERICA CORP /DE/ | Reduced | -140.2k |
| AGF MANAGEMENT LTD | Reduced | -121.4k |
| Triasima Portfolio Management inc. | Sold out | -120.1k |
| Hillsdale Investment Management Inc. | Reduced | -103.8k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -101.8k |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -95.5k |
| Invesco Ltd. | Reduced | -94.7k |
Biggest calls
| SIG North Trading, ULC | Added | $1.2m17.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $499.0k6.8k shares |
| CITADEL ADVISORS LLC | Reduced | $95.4k1.3k shares |
| SIMPLEX TRADING, LLC | Added | $14.0k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $572.4k7.8k shares |
| CITADEL ADVISORS LLC | Reduced | $51.4k700 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 Q3 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 Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio | 8.8m $647.2m | Added +548.3k |
| JARISLOWSKY, FRASER Ltd 2.14% of their portfolio | 4.5m $328.5m | Reduced -11.9k |
| Durable Capital Partners LP 2.37% of their portfolio | 3.5m $259.1m | Unchanged |
| VANGUARD GROUP INC 0.01% of their portfolio | 3.1m $225.0m | Added +49.4k |
| Conestoga Capital Advisors, LLC 3.81% of their portfolio | 3.0m $221.7m | Added +20.9k |
| PRIMECAP MANAGEMENT CO/CA/ 0.16% of their portfolio | 2.6m $188.2m | Reduced -95.5k |
| T. Rowe Price Investment Management, Inc. 0.12% of their portfolio | 2.3m $166.1m | Added +12.4k |
| Fiera Capital Corp 0.52% of their portfolio | 2.2m $163.1m | Added +117.6k |
| Echo Street Capital Management LLC 1.26% of their portfolio | 1.8m $135.8m | Added +269.4k |
| MACKENZIE FINANCIAL CORP 0.21% of their portfolio | 1.8m $126.4m | Added +228.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.59% of their portfolio | 1.5m $113.3m | Added +41.9k |
| Invesco Ltd. 0.03% of their portfolio | 1.5m $111.4m | Reduced -94.7k |
| GENEVA CAPITAL MANAGEMENT LLC 2.26% of their portfolio | 1.5m $107.3m | Added +24.9k |
| LORD, ABBETT & CO. LLC 0.19% of their portfolio | 1.4m $100.0m | Added +6.6k |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 1.3m $93.0m | Added +11.9k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 1.2m $91.7m | Reduced -21.9k |
| NORGES BANK 0.02% of their portfolio | 1.1m $78.3m | Added +10.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 775.1k $56.9m | Reduced -417.0k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 735.6k $67.7m | Reduced -14.3k |
| GW&K Investment Management, LLC 0.54% of their portfolio | 725.7k $53.3m | Added +21.0k |
| RIVERBRIDGE PARTNERS LLC 0.72% of their portfolio | 723.9k $53.1m | Reduced -16.6k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 711.9k $52.5m | Reduced -3.1k |
| TD Asset Management Inc 0.06% of their portfolio | 699.1k $51.5m | Added +22.0k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 656.5k $48.2m | Reduced -8.3k |
| CREDIT SUISSE AG/ 0.05% of their portfolio | 612.4k $44.9m | Reduced -7.1k |
| Baird Financial Group, Inc. 0.11% of their portfolio | 554.9k $40.7m | Added +244.0k |
| WASATCH ADVISORS LP 0.25% of their portfolio | 543.0k $39.8m | Reduced -37.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 530.0k $39.2m | Reduced -32.7k |
| Artisan Partners Limited Partnership 0.06% of their portfolio | 506.1k $37.1m | Reduced -800 |
| Premier Fund Managers Ltd 1.55% of their portfolio | 453.0k $32.9m | Reduced -3.4k |
| BANK OF NOVA SCOTIA 0.08% of their portfolio | 436.3k $32.0m | Reduced -245 |
| MORGAN STANLEY 0.00% of their portfolio | 432.7k $31.8m | Added +132.9k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 427.1k $31.3m | Reduced -89.4k |
| Legal & General Group Plc 0.01% of their portfolio | 413.7k $30.5m | Added +12.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 410.4k $30.1m | Reduced -91.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 408.7k $30.0m | Reduced -5.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 375.1k $27.8m | Added +8.7k |
| Granite Investment Partners, LLC 1.11% of their portfolio | 360.2k $26.4m | Reduced -167 |
| Summit Creek Advisors LLC 3.38% of their portfolio | 338.5k $24.8m | Added +1.4k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 333.5k $24.5m | Reduced -8.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 327.7k $24.1m | Added +4.2k |
| BlackRock Inc. 0.00% of their portfolio | 321.6k $23.6m | Added +6.2k |
| BLAIR WILLIAM & CO/IL 0.09% of their portfolio | 317.9k $23.3m | Added +11.8k |
| Man Group plc 0.07% of their portfolio | 304.5k $22.4m | New |
| Aperture Investors, LLC 3.42% of their portfolio | 293.3k $21.5m | Reduced -66.0k |
| Swiss National Bank 0.02% of their portfolio | 284.7k $21.1m | Reduced -34.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 284.2k $21.0m | Reduced -23.6k |
| Thrivent Financial for Lutherans 0.05% of their portfolio | 277.3k $20.4m | Added +6.0k |
| SEGALL BRYANT & HAMILL, LLC 0.23% of their portfolio | 276.7k $20.3m | Added +254.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 275.7k $20.2m | Reduced -140.2k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.10% of their portfolio | 260.9k $19.1m | Added +1.7k |
| HERALD INVESTMENT MANAGEMENT Ltd 4.06% of their portfolio | 260.0k $19.1m | Reduced -20.0k |
| Chevy Chase Trust Holdings, LLC 0.08% of their portfolio | 259.1k $19.0m | Reduced -15.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 258.0k $19.0m | Added +17.4k |
| Stephens Investment Management Group LLC 0.30% of their portfolio | 252.9k $18.6m | Reduced -291 |
| 1832 Asset Management L.P. 0.04% of their portfolio | 247.3k $18.1m | Reduced -14.7k |
| PUTNAM INVESTMENTS LLC 0.03% of their portfolio | 241.6k $17.7m | Added +8.7k |
| Addenda Capital Inc. 1.03% of their portfolio | 237.1k $23.6m | Reduced -2.8k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 221.1k $16.3m | Added +24.3k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 219.4k $16.1m | Added +60.0k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 205.7k $15.1m | Added +137.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 196.1k $14.4m | Reduced -6.2k |
| Pembroke Management, LTD 2.65% of their portfolio | 194.7k $19.4m | Reduced -31.8k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 190.4k $14.0m | Reduced -4.6k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 185.0k $13.6m | Reduced -37.6k |
| Public Sector Pension Investment Board 0.10% of their portfolio | 183.7k $13.5m | Reduced -3.6k |
| FIL Ltd 0.02% of their portfolio | 174.8k $12.8m | Added +9.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 171.2k $12.6m | Added +64 |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 160.3k $11.8m | Reduced -20.2k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 159.8k $11.6m | Reduced -162.4k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 155.7k $11.4m | Reduced -101.8k |
| DF DENT & CO INC 0.16% of their portfolio | 145.4k $10.7m | Reduced -1.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 143.2k $10.5m | Reduced -69.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 142.5k $10.5m | Added +316 |
| Quadrature Capital Ltd 0.21% of their portfolio | 137.3k $10.2m | Added +68.1k |
| Fenimore Asset Management Inc 0.26% of their portfolio | 134.6k $9.9m | Added +55 |
| Alberta Investment Management Corp 0.10% of their portfolio | 126.8k $9.3m | Unchanged |
| BESSEMER GROUP INC 0.02% of their portfolio | 123.3k $9.0m | Added +5.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 122.4k $9.0m | Added +42.2k |
| NICHOLAS COMPANY, INC. 0.18% of their portfolio | 120.4k $8.8m | Unchanged |
| SCOUT INVESTMENTS, INC. 0.20% of their portfolio | 120.2k $8.7m | Reduced -3.5k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.06% of their portfolio | 105.1k $7.7m | Added +2.1k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 102.4k $7.5m | Reduced -1.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 101.9k $7.5m | Reduced -31.9k |
| Homestead Advisers Corp 0.19% of their portfolio | 95.6k $7.0m | Unchanged |
| CIDEL ASSET MANAGEMENT INC 0.33% of their portfolio | 90.5k $6.7m | Added +10.8k |
| CIBC Asset Management Inc 0.03% of their portfolio | 90.4k $6.7m | Added +2.9k |
| STRS OHIO 0.03% of their portfolio | 90.0k $6.6m | Added +40.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 88.7k $6.5m | Added +4.1k |
| Nicholas Investment Partners, LP 0.45% of their portfolio | 82.7k $6.1m | Reduced -2.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 79.3k $5.8m | Reduced -66.0k |
| Cumberland Partners Ltd 0.52% of their portfolio | 72.7k $5.4m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 71.7k $5.3m | Added +46.8k |
| GUARDIAN CAPITAL LP 0.20% of their portfolio | 71.1k $5.2m | Reduced -26.5k |
| Maryland State Retirement & Pension System 0.12% of their portfolio | 70.6k $5.2m | Added +1.4k |
| Thematics Asset Management 0.25% of their portfolio | 70.2k $5.1m | Reduced -1.6k |
| NBW CAPITAL LLC 1.24% of their portfolio | 69.0k $5.1m | Added +621 |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 66.5k $4.9m | Reduced -14.8k |
| Vontobel Holding Ltd. 0.04% of their portfolio | 66.1k $4.9m | Added +52.9k |
| AGF MANAGEMENT LTD 0.03% of their portfolio | 64.7k $4.7m | Reduced -121.4k |