Who owns The Descartes Systems Group (DSGX)
Which tracked institutional funds hold DSGX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DSGX company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
61 tracked funds added or opened DSGX while 118 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
DSGX’s largest tracked holder by dollar value, PRICE T ROWE ASSOCIATES INC /MD/, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DSGX divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 319 tracked filers holding DSGX, 154 increased or opened the position and 203 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in DSGX between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 16
- Jupiter Topco LLC$182M
- Ninety One UK Ltd$44M
- NZS Capital, LLC$28M
- Ninety One North America, Inc.$9M
- Quadrature Capital Ltd$4M
- Maryland State Retirement & Pension System$3M
Full exits 34
- JANUS HENDERSON GROUP PLC$184M
- T. Rowe Price Investment Management, Inc.$156M
- Premier Fund Managers Ltd$23M
- LORD, ABBETT & CO. LLC$18M
- GW&K Investment Management, LLC$18M
- JANE STREET GROUP, LLC$13M
Largest adds
- WELLINGTON MANAGEMENT GROUP LLP$82M
- MANUFACTURERS LIFE INSURANCE COMPANY, THE$63M
- FIL Ltd$42M
- Temasek Holdings (Private) Ltd$34M
- ROYAL BANK OF CANADA$28M
- MACKENZIE FINANCIAL CORP$18M
Largest trims
- PRICE T ROWE ASSOCIATES INC /MD/$56M
- NORGES BANK$36M
- TWO SIGMA INVESTMENTS, LP$36M
- PRIMECAP MANAGEMENT CO/CA/$34M
- Connor, Clark & Lunn Investment Management Ltd.$28M
- D. E. Shaw & Co., Inc.$25M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 5,669,388 | $393M | 8.7% | 2026-Q2 |
| 1832 Asset Management L.P. trimmed | 3,826,186 | $265M | 5.9% | 2026-Q2 |
| Jupiter Topco LLC new | 2,624,926 | $182M | 4.0% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 2,399,478 | $166M | 3.7% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 2,045,632 | $141M | 3.1% | 2026-Q2 |
| Temasek Holdings (Private) Ltd added | 2,011,165 | $139M | 3.1% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP trimmed | 1,971,360 | $194M | 4.3% | 2026-Q2 |
| Conestoga Capital Advisors, LLC trimmed | 1,864,851 | $129M | 2.9% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 1,811,867 | $125M | 2.8% | 2026-Q2 |
| MORGAN STANLEY added | 1,687,878 | $117M | 2.6% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 1,528,720 | $106M | 2.4% | 2026-Q2 |
| Waratah Capital Advisors Ltd. added | 1,447,678 | $100M | 2.2% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP added | 1,363,426 | $94M | 2.1% | 2026-Q2 |
| Select Equity Group, L.P. added | 1,290,947 | $89M | 2.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,170,156 | $81M | 1.8% | 2026-Q2 |
| NORGES BANK added | 1,154,012 | $80M | 1.8% | 2026-Q2 |
| FMR LLC added | 1,141,446 | $79M | 1.8% | 2026-Q2 |
| Fiera Capital Corp added | 1,122,573 | $78M | 1.7% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 1,079,587 | $75M | 1.7% | 2026-Q2 |
| GENEVA CAPITAL MANAGEMENT LLC trimmed | 1,067,938 | $74M | 1.6% | 2026-Q2 |
| FIL Ltd added | 1,017,929 | $71M | 1.6% | 2026-Q2 |
| TD Asset Management Inc trimmed | 1,007,392 | $70M | 1.6% | 2026-Q2 |
| CIBC Asset Management Inc trimmed | 891,122 | $62M | 1.4% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 849,164 | $59M | 1.3% | 2026-Q2 |
| WESTFIELD CAPITAL MANAGEMENT CO LP added | 835,437 | $58M | 1.3% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT added | 822,771 | $57M | 1.3% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 761,301 | $53M | 1.2% | 2026-Q2 |
| PRIMECAP MANAGEMENT CO/CA/ trimmed | 728,775 | $50M | 1.1% | 2026-Q2 |
| BlackRock, Inc. added | 703,114 | $49M | 1.1% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 658,561 | $46M | 1.0% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 655,859 | $45M | 1.0% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 640,844 | $44M | 1.0% | 2026-Q2 |
| Ninety One UK Ltd new | 640,007 | $44M | 1.0% | 2026-Q2 |
| Clearbridge Investments, LLC added | 580,426 | $40M | 0.9% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 542,896 | $38M | 0.8% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 519,930 | $36M | 0.8% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 509,594 | $35M | 0.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 509,372 | $35M | 0.8% | 2026-Q2 |
| SEGALL BRYANT & HAMILL, LLC trimmed | 487,981 | $34M | 0.8% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 467,971 | $32M | 0.7% | 2026-Q2 |
| BANK OF NOVA SCOTIA added | 416,236 | $29M | 0.6% | 2026-Q2 |
| NZS Capital, LLC new | 398,945 | $28M | 0.6% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 366,010 | $25M | 0.6% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 363,303 | $25M | 0.6% | 2026-Q2 |
| Dixon Mitchell Investment Counsel Inc. added | 351,850 | $24M | 0.5% | 2026-Q2 |
| Legal & General Group Plc trimmed | 349,533 | $24M | 0.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 341,735 | $24M | 0.5% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 304,148 | $21M | 0.5% | 2026-Q2 |
| SEB Asset Management AB trimmed | 299,986 | $21M | 0.5% | 2026-Q2 |
| Granahan Investment Management, LLC added | 297,257 | $21M | 0.5% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 297,003 | $21M | 0.5% | 2026-Q2 |
| Sone Capital Management, LLC trimmed | 291,962 | $20M | 0.4% | 2026-Q2 |
| RIVERBRIDGE PARTNERS LLC trimmed | 291,102 | $20M | 0.4% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 282,177 | $20M | 0.4% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. added | 280,000 | $19M | 0.4% | 2026-Q2 |
| Zeno Equity Partners LLP trimmed | 279,581 | $19M | 0.4% | 2026-Q2 |
| Swiss National Bank trimmed | 278,024 | $19M | 0.4% | 2026-Q2 |
| MONTRUSCO BOLTON INVESTMENTS INC. added | 251,870 | $17M | 0.4% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 242,096 | $17M | 0.4% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 241,513 | $17M | 0.4% | 2026-Q2 |
| Chevy Chase Trust Holdings, LLC | 228,583 | $16M | 0.4% | 2026-Q2 |
| Stephens Investment Management Group LLC added | 223,367 | $15M | 0.3% | 2026-Q2 |
| Scheer, Rowlett & Associates Investment Management Ltd. added | 218,527 | $15M | 0.3% | 2026-Q2 |
| UBS Group AG trimmed | 209,325 | $14M | 0.3% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 205,198 | $14M | 0.3% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 198,178 | $14M | 0.3% | 2026-Q2 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC added | 197,919 | $14M | 0.3% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 192,970 | $13M | 0.3% | 2026-Q2 |
| TORONTO DOMINION BANK trimmed | 191,620 | $13M | 0.3% | 2026-Q2 |
| DF DENT & CO INC added | 188,682 | $13M | 0.3% | 2026-Q2 |
| Praesidium Investment Management Company, LLC trimmed | 169,619 | $12M | 0.3% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 168,897 | $16M | 0.4% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 168,301 | $12M | 0.3% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed | 168,211 | $12M | 0.3% | 2026-Q2 |
| Fenimore Asset Management Inc added | 161,978 | $11M | 0.2% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 157,969 | $11M | 0.2% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 156,340 | $11M | 0.2% | 2026-Q2 |
| Public Sector Pension Investment Board | 145,592 | $10M | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 143,645 | $10M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 135,797 | $10M | 0.2% | 2026-Q2 |
| GUARDIAN CAPITAL LP trimmed | 127,360 | $9M | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 123,606 | $9M | 0.2% | 2026-Q2 |
| Ninety One North America, Inc. new | 122,805 | $9M | 0.2% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 122,783 | $9M | 0.2% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 120,175 | $8M | 0.2% | 2026-Q2 |
| CIDEL ASSET MANAGEMENT INC trimmed | 117,757 | $8M | 0.2% | 2026-Q2 |
| PEREGRINE CAPITAL MANAGEMENT LLC trimmed | 115,065 | $8M | 0.2% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 109,343 | $8M | 0.2% | 2026-Q2 |
| HERALD INVESTMENT MANAGEMENT Ltd trimmed | 108,000 | $7M | 0.2% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 105,995 | $7M | 0.2% | 2026-Q2 |
| Pembroke Management, LTD added | 103,981 | $7M | 0.2% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 102,510 | $7M | 0.2% | 2026-Q2 |
| NICHOLAS COMPANY, INC. added | 100,955 | $7M | 0.2% | 2026-Q2 |
| Man Group plc added | 94,896 | $7M | 0.1% | 2026-Q2 |
| Nuveen, LLC added | 91,775 | $6M | 0.1% | 2026-Q2 |
| AGF MANAGEMENT LTD trimmed | 90,032 | $6M | 0.1% | 2026-Q2 |
| Bank of New York Mellon Corp added | 89,440 | $6M | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 84,606 | $6M | 0.1% | 2026-Q2 |
| LOUISBOURG INVESTMENTS INC. added | 83,216 | $6M | 0.1% | 2026-Q2 |
| Waverly Advisors, LLC added | 80,543 | $6M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.