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 ($17.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $103.34. Options: 6 managers hold calls ($5.6m notional), 5 hold puts ($5.5m).
Trends to Q3 2024
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 |
| Q4 2023 | 289 |
| Q1 2024 | 303 |
| Q2 2024 | 324 |
| Q3 2024 | 343 |
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 |
| Q4 2023 | 150 | 109 |
| Q1 2024 | 167 | 125 |
| Q2 2024 | 183 | 125 |
| Q3 2024 | 163 | 141 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $680.9k | $2.2m | 3.22 |
| Q1 2024 | $4.3m | $878.5k | 0.20 |
| Q2 2024 | $4.1m | $6.0m | 1.47 |
| Q3 2024 | $5.6m | $5.5m | 0.99 |
Biggest buyers
| NATIONAL BANK OF CANADA /FI/ | Added | +556.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +274.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +173.6k |
| 1832 Asset Management L.P. | Added | +80.3k |
| TD Asset Management Inc | Added | +79.3k |
| MORGAN STANLEY | Added | +73.8k |
| Vontobel Holding Ltd. | Added | +72.4k |
| Bank Julius Baer & Co. Ltd, Zurich | New | +64.6k |
| DF DENT & CO INC | Added | +61.1k |
| HSBC HOLDINGS PLC | Added | +55.2k |
Biggest sellers
| LORD, ABBETT & CO. LLC | Reduced | -527.9k |
| Triasima Portfolio Management inc. | Reduced | -174.3k |
| Granite Investment Partners, LLC | Reduced | -163.6k |
| JPMORGAN CHASE & CO | Reduced | -157.5k |
| GOLDMAN SACHS GROUP INC | Reduced | -142.1k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -138.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -131.2k |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -124.2k |
| JENNISON ASSOCIATES LLC | Reduced | -106.5k |
| WASATCH ADVISORS LP | Reduced | -99.6k |
Biggest calls
| SIG North Trading, ULC | Reduced | $2.2m20.9k shares |
| CITADEL ADVISORS LLC | Reduced | $1.4m13.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $957.5k9.3k shares |
| NOMURA HOLDINGS INC | New | $926.6k9.0k shares |
| SIMPLEX TRADING, LLC | Added | $123.0k1.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Genus Capital Management Inc. | Reduced | $3.9m38.3k shares |
| CITADEL ADVISORS LLC | Reduced | $998.7k9.7k shares |
| SIG North Trading, ULC | Added | $483.9k4.7k shares |
| SIMPLEX TRADING, LLC | New | $92.0k900 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 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 Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio | 7.6m $778.8m | Added +274.7k |
| Durable Capital Partners LP 2.60% of their portfolio | 3.5m $355.8m | Unchanged |
| VANGUARD GROUP INC 0.01% of their portfolio | 3.2m $333.9m | Added +51.2k |
| Conestoga Capital Advisors, LLC 4.43% of their portfolio | 3.2m $326.2m | Added +52.5k |
| JARISLOWSKY, FRASER Ltd 1.64% of their portfolio | 2.8m $292.4m | Reduced -51.4k |
| Fiera Capital Corp 0.80% of their portfolio | 2.6m $265.7m | Added +19.8k |
| MACKENZIE FINANCIAL CORP 0.31% of their portfolio | 2.1m $221.0m | Added +13.1k |
| PRIMECAP MANAGEMENT CO/CA/ 0.16% of their portfolio | 2.1m $217.7m | Reduced -124.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.95% of their portfolio | 1.9m $196.8m | Reduced -138.4k |
| T. Rowe Price Investment Management, Inc. 0.10% of their portfolio | 1.7m $171.5m | Reduced -31.6k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 1.5m $156.3m | Reduced -12.5k |
| GENEVA CAPITAL MANAGEMENT LLC 2.54% of their portfolio | 1.5m $152.0m | Added +19.0k |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 1.4m $142.7m | Added +40.8k |
| Invesco Ltd. 0.03% of their portfolio | 1.4m $139.1m | Reduced -58.0k |
| CONGRESS ASSET MANAGEMENT CO 0.85% of their portfolio | 1.2m $124.8m | Reduced -9.7k |
| NORGES BANK 0.02% of their portfolio | 1.1m $116.6m | Added +9.9k |
| TD Asset Management Inc 0.08% of their portfolio | 871.6k $89.2m | Added +79.3k |
| RIVERBRIDGE PARTNERS LLC 1.19% of their portfolio | 866.2k $89.2m | Reduced -44.7k |
| BlackRock, Inc. 0.00% of their portfolio | 705.7k $72.7m | First filing |
| NATIONAL BANK OF CANADA /FI/ 0.10% of their portfolio | 699.2k $71.9m | Added +556.4k |
| LORD, ABBETT & CO. LLC 0.22% of their portfolio | 672.9k $69.3m | Reduced -527.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 641.3k $66.0m | Reduced -48.0k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 632.2k $65.1m | Reduced -1.4k |
| GW&K Investment Management, LLC 0.54% of their portfolio | 614.0k $63.2m | Reduced -54.3k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.27% of their portfolio | 585.2k $60.2m | Added +20.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 584.8k $60.2m | Added +598 |
| Allspring Global Investments Holdings, LLC 0.09% of their portfolio | 562.9k $58.0m | Reduced -31.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 559.5k $57.6m | Reduced -52.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 559.3k $57.6m | Reduced -131.2k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 488.9k $59.2m | Added +257 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 479.7k $50.3m | Added +46.5k |
| Baird Financial Group, Inc. 0.09% of their portfolio | 471.8k $48.6m | Reduced -60.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 470.6k $48.5m | Added +9.8k |
| BANK OF NOVA SCOTIA 0.09% of their portfolio | 454.2k $46.7m | Added +705 |
| SEGALL BRYANT & HAMILL, LLC 0.62% of their portfolio | 438.6k $45.2m | Added +5.6k |
| Clearbridge Investments, LLC 0.03% of their portfolio | 424.0k $43.7m | Reduced -4.7k |
| Premier Fund Managers Ltd 1.49% of their portfolio | 411.4k $42.0m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 399.0k $41.1m | Added +7.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 369.7k $38.1m | Added +3.5k |
| Artisan Partners Limited Partnership 0.06% of their portfolio | 362.1k $37.3m | Reduced -88.0k |
| MORGAN STANLEY 0.00% of their portfolio | 357.2k $36.8m | Added +73.8k |
| 1832 Asset Management L.P. 0.05% of their portfolio | 316.6k $32.6m | Added +80.3k |
| BLAIR WILLIAM & CO/IL 0.10% of their portfolio | 314.4k $32.4m | Reduced -39.6k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 310.3k $32.0m | Reduced -7.8k |
| WASATCH ADVISORS LP 0.15% of their portfolio | 305.2k $31.4m | Reduced -99.6k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.12% of their portfolio | 282.8k $29.1m | Reduced -14.0k |
| DF DENT & CO INC 0.35% of their portfolio | 279.7k $28.8m | Added +61.1k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 272.4k $28.0m | Added +173.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 270.8k $27.9m | Reduced -3.3k |
| Zeno Equity Partners LLP 7.68% of their portfolio | 267.0k $27.5m | Added +692 |
| Legal & General Group Plc 0.01% of their portfolio | 265.8k $27.4m | Reduced -38.3k |
| Swiss National Bank 0.02% of their portfolio | 258.3k $26.6m | Added +2.7k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 255.6k $26.3m | Reduced -3.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 250.6k $25.8m | Reduced -5.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 249.9k $25.7m | Reduced -142.1k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 247.9k $25.5m | Added +3.9k |
| Chevy Chase Trust Holdings, LLC 0.08% of their portfolio | 245.9k $25.3m | Reduced -1.2k |
| Thrivent Financial for Lutherans 0.05% of their portfolio | 245.1k $25.2m | Added +3.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 244.2k $25.1m | Reduced -6.4k |
| Aperture Investors, LLC 3.18% of their portfolio | 243.6k $25.1m | Added +7.3k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 231.6k $23.9m | Added +39.2k |
| Grandeur Peak Global Advisors, LLC 1.97% of their portfolio | 230.8k $23.8m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 227.1k $23.4m | Added +5.6k |
| Summit Creek Advisors LLC 3.14% of their portfolio | 224.4k $23.1m | Reduced -33.9k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 220.1k $22.7m | Reduced -2.4k |
| Addenda Capital Inc. 1.06% of their portfolio | 214.2k $29.8m | Reduced -1.1k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 212.2k $21.8m | Reduced -622 |
| Vontobel Holding Ltd. 0.07% of their portfolio | 210.3k $21.6m | Added +72.4k |
| HERALD INVESTMENT MANAGEMENT Ltd 3.72% of their portfolio | 210.0k $21.6m | Reduced -20.0k |
| BESSEMER GROUP INC 0.03% of their portfolio | 206.3k $21.2m | Added +4.0k |
| Stephens Investment Management Group LLC 0.27% of their portfolio | 190.9k $19.7m | Reduced -33.1k |
| AEGON ASSET MANAGEMENT UK Plc 0.25% of their portfolio | 184.1k $18.7m | Reduced -89 |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 172.2k $17.7m | Reduced -106.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 172.2k $17.7m | Reduced -4.3k |
| FIL Ltd 0.02% of their portfolio | 165.0k $17.0m | Unchanged |
| CW Advisors, LLC 0.21% of their portfolio | 153.9k $15.8m | Added +6.0k |
| FMR LLC 0.00% of their portfolio | 150.7k $15.5m | Added +4.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 147.6k $15.2m | Reduced -600 |
| STRS OHIO 0.06% of their portfolio | 146.3k $15.1m | Added +36.3k |
| Fenimore Asset Management Inc 0.28% of their portfolio | 135.7k $14.0m | Reduced -475 |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 132.8k $13.7m | Added +24.7k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 128.6k $13.2m | Reduced -51.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 126.2k $13.0m | Reduced -157.5k |
| Pembroke Management, LTD 2.24% of their portfolio | 126.0k $17.5m | Unchanged |
| Man Group plc 0.04% of their portfolio | 126.0k $13.0m | Added +49.1k |
| CIBC Asset Management Inc 0.04% of their portfolio | 119.3k $12.4m | Reduced -500 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 115.8k $11.9m | Added +16.3k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 109.0k $11.2m | Reduced -2.0k |
| TORONTO DOMINION BANK 0.02% of their portfolio | 109.0k $11.2m | Reduced -1.6k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 108.8k $11.2m | Reduced -2.5k |
| CIDEL ASSET MANAGEMENT INC 0.78% of their portfolio | 107.2k $11.0m | Added +3.1k |
| HANTZ FINANCIAL SERVICES, INC. 0.19% of their portfolio | 105.4k $10.9m | Reduced -3.1k |
| NICHOLAS COMPANY, INC. 0.17% of their portfolio | 101.3k $10.4m | Unchanged |
| AGF MANAGEMENT LTD 0.05% of their portfolio | 99.1k $10.2m | Added +25.0k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 98.7k $10.2m | Reduced -5.2k |
| Nicholas Investment Partners, LP 0.91% of their portfolio | 96.4k $9.9m | Added +4.1k |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 88.4k $9.1m | Added +10.6k |
| Cumberland Partners Ltd 0.61% of their portfolio | 85.9k $8.8m | Added +3.1k |
| SCOUT INVESTMENTS, INC. 0.24% of their portfolio | 85.5k $9.0m | Reduced -13.8k |
| Alberta Investment Management Corp 0.08% of their portfolio | 85.5k $8.8m | Reduced -28.9k |