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Descartes Systems Group Inc

DSGX
Exchange
Nasdaq
Industry
Services-Prepackaged Software
SEC CIK
0001050140

No open-market purchases or sales by Descartes Systems Group Inc insiders were filed in the last 90 days; 339 institutions reported holding it in 13F filings for Q2 2026, worth $4.95B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Descartes Systems Group Inc as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
351
−11 vs. Q3 2025
Shares held
65.2M
+2.83M (+4.5%) vs. Q3 2025
Total value
$5.73B
−$159.7M (−2.7%) vs. Q3 2025
New holders
54
137 more added
Sold out
65
120 more reduced

10 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting DSGX on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 351 institutions
Q1 2021: 190 institutionsQ2 2021: 197 institutionsQ3 2021: 204 institutionsQ4 2021: 222 institutionsQ1 2022: 233 institutionsQ2 2022: 216 institutionsQ3 2022: 225 institutionsQ4 2022: 228 institutionsQ1 2023: 257 institutionsQ2 2023: 259 institutionsQ3 2023: 256 institutionsQ4 2023: 288 institutionsQ1 2024: 302 institutionsQ2 2024: 323 institutionsQ3 2024: 342 institutionsQ4 2024: 371 institutionsQ1 2025: 356 institutionsQ2 2025: 356 institutionsQ3 2025: 372 institutionsQ4 2025: 351 institutionsQ1 2026: 348 institutionsQ2 2026: 339 institutions
Value heldQ4 2025: $5.73B
Q1 2021: $4.18BQ2 2021: $4.72BQ3 2021: $5.54BQ4 2021: $5.25BQ1 2022: $4.89BQ2 2022: $4.25BQ3 2022: $4.43BQ4 2022: $4.71BQ1 2023: $5.41BQ2 2023: $5.34BQ3 2023: $4.92BQ4 2023: $5.57BQ1 2024: $6.08BQ2 2024: $6.45BQ3 2024: $6.90BQ4 2024: $7.78BQ1 2025: $6.75BQ2 2025: $6.91BQ3 2025: $6.13BQ4 2025: $5.73BQ1 2026: $4.93BQ2 2026: $4.95B
Institutions holding DSGX and their total value by quarter
QuarterHoldersValue
Q2 2026339$4.95B
Q1 2026348$4.93B
Q4 2025351$5.73B
Q3 2025372$6.13B
Q2 2025356$6.91B
Q1 2025356$6.75B
Q4 2024371$7.78B
Q3 2024342$6.90B
Q2 2024323$6.45B
Q1 2024302$6.08B
Q4 2023288$5.57B
Q3 2023256$4.92B
Q2 2023259$5.34B
Q1 2023257$5.41B
Q4 2022228$4.71B
Q3 2022225$4.43B
Q2 2022216$4.25B
Q1 2022233$4.89B
Q4 2021222$5.25B
Q3 2021204$5.54B
Q2 2021197$4.72B
Q1 2021190$4.18B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Descartes Systems Group Inc; share changes are against Q3 2025.

Institutions holding DSGX in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Public Employees Retirement System of Ohio27,061$2.38M0.01%+12,840+90.3%Added
Aviso Financial Inc.27,371$2.40M0.09%+230+0.8%Added
Y-Intercept (Hong Kong) Ltd28,038$2.46M0.05%+1,935+7.4%Added
Voleon Capital Management LP28,930$2.54M0.05%+28,930New
Federation des caisses Desjardins du Quebec29,707$2.60M0.01%−23,128−43.8%Reduced
Invesco Ltd.30,063$2.64M0.00%+2,353+8.5%Added
State of Wisconsin Investment Board30,200$2.65M0.01%+30,200New
Quantum Capital Management, LLC31,421$2.75M0.32%−83,107−72.6%Reduced
Cumberland Partners Ltd31,450$2.76M0.17%−24,709−44.0%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)31,726$2.79M0.01%−9,643−23.3%Reduced
Mn Services Vermogensbeheer B.V.32,139$2.82M0.02%+639+2.0%Added
Granahan Investment Management Inc33,237$2.91M0.12%−182,707−84.6%Reduced
Gotham Asset Management, LLC33,692$2.95M0.01%+24,000+247.6%Added
Colony Group, LLC35,863$3.14M0.00%+748+2.1%Added
Independent Advisor Alliance38,515$3.38M0.08%−147−0.4%Reduced
Engineers Gate Manager LP38,970$3.42M0.04%+31,106+395.5%Added
Quantbot Technologies LP39,408$3.45M0.11%+2,564+7.0%Added
Korea Investment CORP40,244$3.54M0.01%+11,300+39.0%Added
Trexquant Investment LP41,704$3.66M0.03%+41,704New
ExodusPoint Capital Management, LP42,434$3.72M0.04%−5,059−10.7%Reduced
Crown Oak Advisors, LLC43,559$3.82M1.81%+702+1.6%Added
Northwest & Ethical Investments L.P.43,958$3.85M0.09%+6,892+18.6%Added
Centaurus Financial, Inc.45,148$3.96M0.18%−159−0.4%Reduced
Aquatic Capital Management LLC45,213$3.96M0.11%+7,494+19.9%Added
Pictet Asset Management Holding SA45,206$3.97M0.00%+6,226+16.0%Added
British Columbia Investment Management Corp45,676$4.01M0.02%−4,421−8.8%Reduced
Royce & Associates LP45,966$4.03M0.04%00.0%Unchanged
Pathstone Holdings, LLC50,298$4.41M0.02%−1,467−2.8%Reduced
APG Asset Management N.V.59,493$4.45M0.01%−3,507−5.6%Reduced
Alpine Peaks Capital, LP51,000$4.47M4.27%+26,000+104.0%Added
Jump Financial, LLC52,251$4.58M0.06%+52,251New
Reynders McVeigh Capital Management, LLC52,600$4.61M0.22%−2,660−4.8%Reduced
Royal London Asset Management Ltd53,339$4.68M0.01%+532+1.0%Added
Cidel Asset Management Inc54,048$4.75M0.34%−93,812−63.4%Reduced
Marshall Wace, LLP55,030$4.82M0.00%−113,046−67.3%Reduced
FIL Ltd55,356$4.86M0.00%−515,305−90.3%Reduced
Man Group plc55,521$4.87M0.01%+55,521New
Healthcare of Ontario Pension Plan Trust Fund55,555$4.87M0.01%+55,555New
Warren Averett Asset Management, LLC56,057$4.91M0.04%−1,220−2.1%Reduced
Argent Capital Management LLC57,725$5.06M0.14%−1,358−2.3%Reduced
CIBC World Markets Inc.58,424$5.13M0.01%+11,636+24.9%Added
Northern Trust Corp59,008$5.17M0.00%−9,676−14.1%Reduced
Neuberger Berman Group LLC63,610$5.58M0.00%+318+0.5%Added
LPL Financial LLC66,712$5.85M0.00%−1,224−1.8%Reduced
Magnetar Financial LLC66,947$5.87M0.06%−2,033−2.9%Reduced
Aviva PLC68,548$6.02M0.01%+3,815+5.9%Added
RE Advisers Corp69,370$6.08M0.16%00.0%Unchanged
Canoe Financial LP69,455$6.09M0.08%+9,400+15.7%Added
NewGen Asset Management Ltd70,000$6.14M3.93%+70,000New
Louisbourg Investments Inc.71,863$6.31M1.26%+34,515+92.4%Added
Ensign Peak Advisors, Inc73,427$6.44M0.01%−13,112−15.2%Reduced
Barclays PLC76,338$6.69M0.00%+71,308+1,417.7%Added
Scotia Capital Inc.83,893$7.34M0.03%−5,054−5.7%Reduced
Balyasny Asset Management LLC88,564$7.76M0.01%+39,718+81.3%Added
STRS Ohio92,735$8.14M0.03%−12,526−11.9%Reduced
Qube Research & Technologies Ltd94,868$8.32M0.01%+4,762+5.3%Added
Pembroke Management, LTD100,973$8.85M0.91%+1,776+1.8%Added
Nicholas Company, Inc.101,425$8.89M0.16%+350.0%Added
Raymond James Financial Inc108,136$9.48M0.00%−7,693−6.6%Reduced
Envestnet Asset Management Inc110,819$9.71M0.00%−95,938−46.4%Reduced
Waratah Capital Advisors Ltd.111,259$9.75M0.74%+111,259New
Bank of New York Mellon Corp113,621$9.96M0.00%−5,219−4.4%Reduced
JPMorgan Chase & Co113,696$9.97M0.00%−33,744−22.9%Reduced
Russell Investments Group, Ltd.116,520$10.2M0.01%−12,480−9.7%Reduced
Amundi116,852$10.2M0.00%+32,628+38.7%Added
Public Sector Pension Investment Board117,180$10.3M0.03%+95,400+438.0%Added
Two Sigma Advisers, LP121,400$10.6M0.02%+67,300+124.4%Added
Agf Management Ltd125,147$11.0M0.05%00.0%Unchanged
Fenimore Asset Management Inc130,384$11.4M0.24%−935−0.7%Reduced
SEI Investments Co130,814$11.5M0.01%+7,658+6.2%Added
Canada Pension Plan Investment Board140,560$12.3M0.01%+12,768+10.0%Added
Citigroup Inc144,221$12.7M0.01%−12,946−8.2%Reduced
Guardian Capital LP150,501$13.2M0.39%+134,140+819.9%Added
Massachusetts Financial Services Co157,404$13.8M0.00%−242,577−60.6%Reduced
Praesidium Investment Management Company, LLC166,188$14.6M2.70%−85,652−34.0%Reduced
Nomura Asset Management International Inc.167,008$14.6M0.02%+167,008New
Summit Creek Advisors LLC179,044$15.7M2.47%+3,579+2.0%Added
Nuveen, LLC179,413$15.8M0.00%−38,238−17.6%Reduced
Herald Investment Management Ltd185,000$16.2M2.12%00.0%Unchanged
Charles Schwab Investment Management Inc189,533$16.6M0.00%+3,473+1.9%Added
AQR Capital Management LLC190,089$16.7M0.01%+187,966+8,853.8%Added
Montrusco Bolton Investments Inc.192,740$16.9M0.21%+64,777+50.6%Added
Sone Capital Management, LLC197,514$17.3M1.41%+3,773+1.9%Added
Bessemer Group Inc198,496$17.4M0.03%−86,608−30.4%Reduced
William Blair Investment Management, LLC204,931$18.0M0.05%+53,408+35.2%Added
Stephens Investment Management Group LLC207,652$18.2M0.24%+8,935+4.5%Added
Blair William & Co217,667$19.1M0.05%−127,934−37.0%Reduced
Kayne Anderson Rudnick Investment Management LLC218,572$19.2M0.05%+54,216+33.0%Added
UBS Group AG225,603$19.8M0.00%+144,233+177.3%Added
Swiss National Bank227,824$20.0M0.01%−19,100−7.7%Reduced
Chevy Chase Trust Holdings, Inc.230,083$20.2M0.05%−337−0.1%Reduced
Baird Financial Group, Inc.232,314$20.4M0.03%−13,586−5.5%Reduced
BNP Paribas Arbitrage, SA236,003$20.7M0.01%+210,041+809.0%Added
Jane Street Group, LLC237,973$20.9M0.02%+142,558+149.4%Added
Deutsche Bank AG250,768$22.0M0.01%+8,307+3.4%Added
Lord, Abbett & Co. LLC259,733$22.8M0.07%+1,163+0.4%Added
Voloridge Investment Management, LLC261,172$22.9M0.08%+127,707+95.7%Added
Public Employees Retirement Association of Colorado261,227$22.9M0.08%00.0%Unchanged
Caisse de Depot Et Placement du Quebec270,929$23.8M0.04%−160,126−37.1%Reduced
Principal Financial Group Inc278,623$24.5M0.01%+71,390+34.4%Added