Vault-13

DESCARTES SYS GROUP INC DSGX

COM · Common Stock · CUSIP 249906108 · ISIN CA2499061083

324 institutional holders +21 vs Q1 2024
66,976,95867.0m shares reported held*
$6.5bnreported value*
50 new 133 added 96 reduced 29 sold out net bought ≈ $14.4m (+148.2k 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 ($17.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $97.13. Options: 5 managers hold calls ($4.1m notional), 5 hold puts ($6.0m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 225Q4 22: 228Q1 23: 258Q2 23: 260Q3 23: 257Q4 23: 289Q1 24: 303Q2 24: 324324Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022225
Q4 2022228
Q1 2023258
Q2 2023260
Q3 2023257
Q4 2023289
Q1 2024303
Q2 2024324

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 outQ2 23: 125 bought or addedQ2 23: 126 cut or sold outQ2 23Q3 23: 114 bought or addedQ3 23: 126 cut or sold outQ4 23: 150 bought or addedQ4 23: 109 cut or sold outQ4 23Q1 24: 167 bought or addedQ1 24: 125 cut or sold outQ2 24: 183 bought or addedQ2 24: 125 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 202291126
Q1 202313696
Q2 2023125126
Q3 2023114126
Q4 2023150109
Q1 2024167125
Q2 2024183125

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ3 23 calls: $1.9mQ3 23 puts: $623.7kQ3 23P/C 0.34Q4 23 calls: $680.9kQ4 23 puts: $2.2mQ4 23P/C 3.22Q1 24 calls: $4.3mQ1 24 puts: $878.5kQ1 24P/C 0.20Q2 24 calls: $4.1mQ2 24 puts: $6.0mQ2 24P/C 1.47
Numbers
QuarterCallsPutsP/C
Q3 2023$1.9m$623.7k0.34
Q4 2023$680.9k$2.2m3.22
Q1 2024$4.3m$878.5k0.20
Q2 2024$4.1m$6.0m1.47

Biggest buyers

Biggest sellers

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -633,322-633.3k
MORGAN STANLEY Reduced -536,747-536.7k
JARISLOWSKY, FRASER Ltd Reduced -438,988-439.0k
T. Rowe Price Investment Management, Inc. Reduced -379,505-379.5k
LORD, ABBETT & CO. LLC Reduced -328,512-328.5k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -313,247-313.2k
GOLDMAN SACHS GROUP INC Reduced -213,087-213.1k
Durable Capital Partners LP Reduced -178,950-178.9k
Sumitomo Mitsui Trust Group, Inc. Sold out -166,646-166.6k
Man Group plc Reduced -124,630-124.6k

Biggest calls

SIG North Trading, ULC Added $2.5m26.3k shares
CITADEL ADVISORS LLC Added $1.4m14.4k shares
Walleye Capital LLC New $87.2k900 shares
SIMPLEX TRADING, LLC New $67.0k700 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Genus Capital Management Inc. New $4.1m42.2k shares
CITADEL ADVISORS LLC Added $1.0m10.4k shares
Walleye Capital LLC New $552.0k5.7k shares
SIG North Trading, ULC Added $358.3k3.7k 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 2024

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 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio BALTIMORE, MD 7,289,3257.3m $705.9m $705.9m 0.08% Reduced -313.2k -313,247
2 Durable Capital Partners LP 2.75% of their portfolio Bethesda, MD 3,455,8873.5m $334.7m $334.7m 2.75% Reduced -178.9k -178,950
3 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 3,193,7923.2m $309.3m $309.3m 0.01% Added +56.2k +56,155
4 Conestoga Capital Advisors, LLC 4.52% of their portfolio WAYNE, PA 3,116,1093.1m $301.8m $301.8m 4.52% Added +66.6k +66,645
5 JARISLOWSKY, FRASER Ltd 1.70% of their portfolio MONTREAL, A8 2,890,2322.9m $280.0m $280.0m 1.70% Reduced -439.0k -438,988
6 Fiera Capital Corp 0.77% of their portfolio MONTREAL, A8 2,558,8312.6m $248.0m $248.0m 0.77% Added +81.3k +81,263
7 PRIMECAP MANAGEMENT CO/CA/ 0.16% of their portfolio PASADENA, CA 2,238,5532.2m $216.8m $216.8m 0.16% Reduced -51.2k -51,200
8 MACKENZIE FINANCIAL CORP 0.31% of their portfolio TORONTO ONTARIO, A6 2,134,2282.1m $206.8m $206.8m 0.31% Added +91.3k +91,301
9 Connor, Clark & Lunn Investment Management Ltd. 0.83% of their portfolio VANCOUVER, A1 2,050,7572.1m $198.7m $198.7m 0.83% Added +185.5k +185,539
10 T. Rowe Price Investment Management, Inc. 0.10% of their portfolio BALTIMORE, MD 1,697,1511.7m $164.4m $164.4m 0.10% Reduced -379.5k -379,505
11 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 1,545,0271.5m $147.4m $147.4m 0.04% Added +21.1k +21,105
12 GENEVA CAPITAL MANAGEMENT LLC 2.57% of their portfolio MILWAUKEE, WI 1,457,6571.5m $141.2m $141.2m 2.57% Reduced -810 -810
13 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 1,408,9101.4m $136.4m $136.4m 0.03% Reduced -121.5k -121,507
14 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 1,327,1391.3m $128.5m $128.5m 0.04% Added +98.0k +97,981
15 CONGRESS ASSET MANAGEMENT CO 0.85% of their portfolio BOSTON, MA 1,221,5881.2m $118.3m $118.3m 0.85% New
16 LORD, ABBETT & CO. LLC 0.19% of their portfolio JERSEY CITY, NJ 1,200,7921.2m $116.3m $116.3m 0.19% Reduced -328.5k -328,512
17 NORGES BANK 0.02% of their portfolio OSLO, Q8 1,123,6331.1m $108.9m $108.9m 0.02% Added +17.0k +16,964
18 RIVERBRIDGE PARTNERS LLC 1.20% of their portfolio MINNEAPOLIS, MN 910,909910.9k $88.2m $88.2m 1.20% Reduced -65.7k -65,704
19 TD Asset Management Inc 0.07% of their portfolio Toronto, A6 792,280792.3k $76.7m $76.7m 0.07% Reduced -28.2k -28,152
20 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 690,479690.5k $66.9m $66.9m 0.02% New
21 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 689,292689.3k $66.8m $66.8m 0.02% Reduced -36.6k -36,556
22 GW&K Investment Management, LLC 0.59% of their portfolio BOSTON, MA 668,265668.3k $64.7m $64.7m 0.59% Reduced -5.8k -5,774
23 JANUS HENDERSON GROUP PLC 0.03% of their portfolio LONDON, X0 633,522633.5k $61.4m $61.4m 0.03% Reduced -55.2k -55,244
24 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 611,830611.8k $59.3m $59.3m 0.05% Reduced -633.3k -633,322
25 Allspring Global Investments Holdings, LLC 0.09% of their portfolio CHARLOTTE, NC 593,906593.9k $57.5m $57.5m 0.09% Added +47.5k +47,481
26 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio Toronto, A6 584,232584.2k $56.5m $56.5m 0.05% Added +3.3k +3,289
27 BlackRock Inc. 0.00% of their portfolio New York, NY 566,210566.2k $54.8m $54.8m 0.00% Added +213.7k +213,673
28 WESTFIELD CAPITAL MANAGEMENT CO LP 0.27% of their portfolio BOSTON, MA 564,958565.0k $54.7m $54.7m 0.27% Added +46.2k +46,214
29 Baird Financial Group, Inc. 0.11% of their portfolio MILWAUKEE, WI 532,180532.2k $51.5m $51.5m 0.11% Reduced -34.4k -34,416
30 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 488,639488.6k $55.5m $55.5m 0.02% Added +13.5k +13,527
31 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 460,863460.9k $44.6m $44.6m 0.01% Reduced -27.0k -27,000
32 BANK OF NOVA SCOTIA 0.09% of their portfolio TORONTO, A6 453,472453.5k $43.9m $43.9m 0.09% Reduced -79.8k -79,786
33 Artisan Partners Limited Partnership 0.07% of their portfolio Milwaukee, WI 450,135450.1k $43.6m $43.6m 0.07% Reduced -10.9k -10,900
34 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 433,158433.2k $42.3m $42.3m 0.00% Added +26.4k +26,416
35 SEGALL BRYANT & HAMILL, LLC 0.74% of their portfolio CHICAGO, IL 432,945432.9k $41.9m $41.9m 0.74% Added +69.6k +69,602
36 Clearbridge Investments, LLC 0.03% of their portfolio NEW YORK, NY 428,684428.7k $41.5m $41.5m 0.03% Reduced -4.2k -4,243
37 Premier Fund Managers Ltd 1.61% of their portfolio GUILDFORD, X0 411,419411.4k $40.0m $40.0m 1.61% Reduced -39.7k -39,700
38 WASATCH ADVISORS LP 0.21% of their portfolio SALT LAKE CITY, UT 404,873404.9k $39.2m $39.2m 0.21% Reduced -64.3k -64,297
39 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 391,940391.9k $38.0m $38.0m 0.01% Reduced -213.1k -213,087
40 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 391,442391.4k $37.9m $37.9m 0.03% Added +12.3k +12,297
41 RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio NEW YORK, NY 366,200366.2k $35.5m $35.5m 0.06% Reduced -63.9k -63,900
42 BLAIR WILLIAM & CO/IL 0.11% of their portfolio CHICAGO, IL 353,949353.9k $34.3m $34.3m 0.11% Added +9.5k +9,457
43 MACQUARIE GROUP LTD 0.04% of their portfolio Sydney, NSW 2000, C3 318,107318.1k $30.8m $30.8m 0.04% Added +84.0k +84,029
44 Legal & General Group Plc 0.01% of their portfolio London, X0 304,065304.1k $29.5m $29.5m 0.01% Reduced -43.6k -43,619
45 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.12% of their portfolio DENVER, CO 296,796296.8k $28.7m $28.7m 0.12% Added +16.6k +16,564
46 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 283,708283.7k $27.5m $27.5m 0.00% Added +61.9k +61,930
47 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 283,342283.3k $27.4m $27.4m 0.00% Reduced -536.7k -536,747
48 JENNISON ASSOCIATES LLC 0.02% of their portfolio NEW YORK, NY 278,679278.7k $27.0m $27.0m 0.02% Reduced -37.0k -37,034
49 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 274,103274.1k $26.6m $26.6m 0.02% Added +30.3k +30,303
50 Zeno Equity Partners LLP 6.92% of their portfolio LONDON, X0 266,276266.3k $25.8m $25.8m 6.92% Added +1.7k +1,696
51 Russell Investments Group, Ltd. 0.04% of their portfolio Seattle, WA 259,126259.1k $25.1m $25.1m 0.04% Reduced -3.5k -3,489
52 Summit Creek Advisors LLC 3.43% of their portfolio MINNEAPOLIS, MN 258,254258.3k $25.0m $25.0m 3.43% Reduced -57.7k -57,736
53 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 256,256256.3k $24.8m $24.8m 0.01% Reduced -10.5k -10,534
54 Swiss National Bank 0.02% of their portfolio ZURICH, V8 255,624255.6k $24.7m $24.7m 0.02% Reduced -1.5k -1,500
55 Triasima Portfolio Management inc. 2.25% of their portfolio MONTREAL, A8 253,849253.8k $24.6m $24.6m 2.25% Added +120.3k +120,325
56 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 250,665250.7k $24.3m $24.3m 0.01% Added +87.0k +86,998
57 Chevy Chase Trust Holdings, LLC 0.08% of their portfolio BETHESDA, MD 247,181247.2k $23.9m $23.9m 0.08% Reduced -5.0k -4,966
58 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 243,985244.0k $23.6m $23.6m 0.01% Added +96.4k +96,431
59 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 241,787241.8k $23.4m $23.4m 0.05% Reduced -7.3k -7,342
60 Aperture Investors, LLC 3.35% of their portfolio New York, NY 236,274236.3k $22.9m $22.9m 3.35% Added +23.3k +23,262
61 1832 Asset Management L.P. 0.04% of their portfolio TORONTO, A6 236,261236.3k $22.9m $22.9m 0.04% Added +2.1k +2,076
62 Grandeur Peak Global Advisors, LLC 1.79% of their portfolio SALT LAKE CITY, UT 230,825230.8k $22.4m $22.4m 1.79% Added +20.4k +20,370
63 HERALD INVESTMENT MANAGEMENT Ltd 3.65% of their portfolio LONDON, X0 230,000230.0k $22.2m $22.2m 3.65% Reduced -10.0k -10,000
64 Stephens Investment Management Group LLC 0.30% of their portfolio LITTLE ROCK, AR 223,994224.0k $21.7m $21.7m 0.30% Reduced -41.4k -41,352
65 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 222,489222.5k $21.5m $21.5m 0.03% Added +35.2k +35,208
66 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 221,430221.4k $21.4m $21.4m 0.00% Reduced -20.8k -20,849
67 DF DENT & CO INC 0.27% of their portfolio BALTIMORE, MD 218,595218.6k $21.2m $21.2m 0.27% Added +71.4k +71,444
68 Addenda Capital Inc. 1.12% of their portfolio MONTREAL, A8 215,260215.3k $28.5m $28.5m 1.12% Reduced -10.9k -10,930
69 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio CHICAGO, IL 212,806212.8k $20.6m $20.6m 0.05% New
70 Granite Investment Partners, LLC 0.84% of their portfolio EL SEGUNDO, CA 210,466210.5k $20.4m $20.4m 0.84% Reduced -122.4k -122,441
71 BESSEMER GROUP INC 0.03% of their portfolio WOODBRIDGE, NJ 202,322202.3k $19.6m $19.6m 0.03% Added +32.8k +32,781
72 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 192,354192.4k $18.6m $18.6m 0.01% Added +36.6k +36,593
73 AEGON ASSET MANAGEMENT UK Plc 0.25% of their portfolio EDINBURGH, X0 184,147184.1k $17.6m $17.6m 0.25% Added +160.1k +160,141
74 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 180,097180.1k $17.4m $17.4m 0.04% Added +6.8k +6,839
75 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 176,457176.5k $17.1m $17.1m 0.00% New
76 FIL Ltd 0.02% of their portfolio HAMILTON, D0 165,000165.0k $16.0m $16.0m 0.02% Unchanged
77 CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio TORONTO ONTARIO, A6 148,151148.2k $14.4m $14.4m 0.01% Added +55.1k +55,100
78 CW Advisors, LLC 0.23% of their portfolio BOSTON, MA 147,943147.9k $14.3m $14.3m 0.23% New
79 FMR LLC 0.00% of their portfolio BOSTON, MA 146,587146.6k $14.2m $14.2m 0.00% Added +2.9k +2,852
80 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 145,927145.9k $14.1m $14.1m 0.00% Reduced -63.8k -63,848
81 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 142,749142.7k $13.8m $13.8m 0.02% Reduced -25.4k -25,442
82 Vontobel Holding Ltd. 0.04% of their portfolio ZURICH, V8 137,845137.8k $13.4m $13.4m 0.04% Added +60.9k +60,867
83 Fenimore Asset Management Inc 0.29% of their portfolio Cobleskill, NY 136,132136.1k $13.2m $13.2m 0.29% Added +250 +250
84 Pembroke Management, LTD 2.24% of their portfolio Montreal, A8 125,984126.0k $16.7m $16.7m 2.24% Reduced -4.2k -4,232
85 CIBC Asset Management Inc 0.04% of their portfolio TORONTO, Z4 119,809119.8k $11.6m $11.6m 0.04% Added +8.7k +8,733
86 Alberta Investment Management Corp 0.12% of their portfolio EDMONTON, A0 114,387114.4k $11.1m $11.1m 0.12% Reduced -6.5k -6,500
87 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 111,351111.4k $10.8m $10.8m 0.00% Added +9.7k +9,698
88 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 111,000111.0k $10.7m $10.7m 0.02% Reduced -12.4k -12,400
89 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 110,599110.6k $10.7m $10.7m 0.02% Added +15.8k +15,830
90 STRS OHIO 0.04% of their portfolio COLUMBUS, OH 110,000110.0k $10.7m $10.7m 0.04% Unchanged
91 AVIVA PLC 0.03% of their portfolio LONDON, X0 109,136109.1k $10.6m $10.6m 0.03% Added +60.2k +60,230
92 HANTZ FINANCIAL SERVICES, INC. 0.20% of their portfolio SOUTHFIELD, MI 108,456108.5k $10.5m $10.5m 0.20% Not comparable
93 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 108,140108.1k $10.5m $10.5m 0.00% Added +26.5k +26,459
94 CIDEL ASSET MANAGEMENT INC 0.78% of their portfolio TORONTO, A6 104,142104.1k $10.1m $10.1m 0.78% Added +16.7k +16,725
95 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 103,947103.9k $10.1m $10.1m 0.01% Reduced -4.3k -4,314
96 NICHOLAS COMPANY, INC. 0.16% of their portfolio MILWAUKEE, WI 101,340101.3k $9.8m $9.8m 0.16% Reduced -13.6k -13,645
97 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 99,53099.5k $9.6m $9.6m 0.00% Reduced -7.9k -7,851
98 SCOUT INVESTMENTS, INC. 0.26% of their portfolio KANSAS CITY, MO 99,36799.4k $9.6m $9.6m 0.26% Reduced -11.9k -11,898
99 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 98,78898.8k $9.6m $9.6m 0.01% Reduced -10.8k -10,831
100 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.07% of their portfolio NEW YORK, NY 98,42398.4k $9.5m $9.5m 0.07% Added +1.3k +1,294