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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
Point72 Asset Management, L.P.291,483$25.6M0.04%+242,865+499.5%Added
T. Rowe Price Investment Management, Inc.298,333$26.2M0.02%−1,689,071−85.0%Reduced
Millennium Management LLC314,147$27.6M0.02%+163,912+109.1%Added
Ameriprise Financial Inc280,803$28.3M0.01%−36,360−11.5%Reduced
Dimensional Fund Advisors LP327,406$28.7M0.01%+205,901+169.5%Added
Citadel Advisors LLC331,024$29.0M0.02%+166,371+101.0%Added
Dixon Mitchell Investment Counsel Inc.331,971$29.2M0.96%−7,399−2.2%Reduced
Grandeur Peak Global Advisors, LLC333,955$29.3M3.95%−81,500−19.6%Reduced
Ophir Asset Management Pty Ltd334,391$29.3M3.29%+127,060+61.3%Added
Premier Fund Managers Ltd340,503$30.0M1.73%−70,379−17.1%Reduced
National Bank of Canada347,073$30.4M0.03%+126,930+57.7%Added
DF Dent & Co Inc352,094$30.9M0.44%−20,231−5.4%Reduced
BlackRock, Inc.368,999$32.3M0.00%−55,279−13.0%Reduced
Select Equity Group, L.P.382,354$33.6M0.16%+382,354New
Toronto Dominion Bank396,689$34.8M0.06%+272,416+219.2%Added
Clearbridge Investments, LLC403,854$35.4M0.03%+81,354+25.2%Added
Legal & General Group Plc412,795$36.3M0.01%+5,880+1.4%Added
Two Sigma Investments, LP414,909$36.4M0.05%+53,008+14.6%Added
Bank of Nova Scotia424,463$37.2M0.06%+46,320+12.2%Added
GW&K Investment Management, LLC429,598$37.7M0.33%−54,378−11.2%Reduced
Segall Bryant & Hamill, LLC445,340$39.0M0.53%+6,188+1.4%Added
Bank of America Corp452,770$39.7M0.00%−190,047−29.6%Reduced
Manufacturers Life Insurance Company, The457,684$40.2M0.03%−9,526−2.0%Reduced
Picton Mahoney Asset Management496,483$43.6M0.48%+51,709+11.6%Added
Connor, Clark & Lunn Investment Management Ltd.506,054$44.4M0.12%−340,360−40.2%Reduced
Riverbridge Partners LLC534,345$46.8M0.88%−54,400−9.2%Reduced
Goldman Sachs Group Inc575,036$50.4M0.01%+75,980+15.2%Added
Renaissance Technologies LLC672,944$59.0M0.09%+181,100+36.8%Added
TD Asset Management Inc684,766$60.2M0.05%−261,830−27.7%Reduced
Royal Bank of Canada692,945$60.7M0.01%−326,163−32.0%Reduced
Franklin Resources Inc753,938$66.1M0.02%−456,844−37.7%Reduced
D. E. Shaw & Co., Inc.799,853$70.1M0.05%+564,489+239.8%Added
FMR LLC957,399$83.9M0.00%+580,366+153.9%Added
Geode Capital Management, LLC1,122,692$100.3M0.01%+251,026+28.8%Added
Norges Bank1,144,488$100.4M0.01%+1,144,488New
Primecap Management Co1,178,440$103.3M0.08%−4,700−0.4%Reduced
CIBC Asset Management Inc1,166,883$103.3M0.25%+203,522+21.1%Added
Westfield Capital Management Co LP1,193,869$104.7M0.44%+192,538+19.2%Added
Fiera Capital Corp1,371,213$120.3M0.38%−1,604,880−53.9%Reduced
Geneva Capital Management LLC1,429,426$125.3M2.35%−142,627−9.1%Reduced
Temasek Holdings (Private) Ltd1,464,165$128.3M0.41%00.0%Unchanged
Bank of Montreal1,557,921$136.7M0.06%−125,869−7.5%Reduced
Morgan Stanley1,584,393$138.9M0.01%+780,857+97.2%Added
Durable Capital Partners LP1,710,202$149.9M1.42%+1,710,202New
Arrowstreet Capital, Limited Partnership1,743,262$152.9M0.09%+743,104+74.3%Added
Janus Henderson Group PLC2,473,531$217.0M0.10%+203,614+9.0%Added
Conestoga Capital Advisors, LLC2,508,569$219.9M3.70%−126,907−4.8%Reduced
1832 Asset Management L.P.2,594,300$227.4M0.29%+2,415,075+1,347.5%Added
Mackenzie Financial Corp3,371,562$296.3M0.35%+56,069+1.7%Added
Vanguard Group Inc3,602,652$316.0M0.00%+69,260+2.0%Added
Price T Rowe Associates Inc6,993,132$613.0M0.07%−776,252−10.0%Reduced
Congress Asset Management Co0$00.00%−708,306−100.0%Sold out
Macquarie Group Ltd0$00.00%−204,730−100.0%Sold out
Quadrature Capital Ltd0$00.00%−165,700−100.0%Sold out
Kames Capital plc0$00.00%−113,237−100.0%Sold out
Thrivent Financial for Lutherans0$00.00%−106,450−100.0%Sold out
Teacher Retirement System of Texas0$00.00%−90,504−100.0%Sold out
Natixis Advisors, L.P.0$00.00%−71,610−100.0%Sold out
HSBC Holdings PLC0$00.00%−69,436−100.0%Sold out
PCJ Investment Counsel Ltd.0$00.00%−48,080−100.0%Sold out
Empowered Funds, LLC0$00.00%−43,018−100.0%Sold out
Nicholas Investment Partners, LP0$00.00%−40,467−100.0%Sold out
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main0$00.00%−32,470−100.0%Sold out
Addenda Capital Inc.0$00.00%−21,183−100.0%Sold out
Granite Investment Partners, LLC0$00.00%−16,195−100.0%Sold out
Ativo Capital Management LLC0$00.00%−15,830−100.0%Sold out
Yorktown Management & Research Co Inc0$00.00%−10,800−100.0%Sold out
Virtu Financial LLC0$00.00%−10,413−100.0%Sold out
HRT Financial LP0$00.00%−10,110−100.0%Sold out
Moody National Bank Trust Division0$00.00%−8,200−100.0%Sold out
Ellsworth Advisors, LLC0$00.00%−6,831−100.0%Sold out
Keybank National Association0$00.00%−6,894−100.0%Sold out
Intech Investment Management LLC0$00.00%−6,677−100.0%Sold out
New York State Common Retirement Fund0$00.00%−5,494−100.0%Sold out
Farringdon Capital, Ltd.0$00.00%−5,006−100.0%Sold out
Legato Capital Management LLC0$00.00%−4,858−100.0%Sold out
Truist Financial Corp0$00.00%−4,775−100.0%Sold out
Portside Wealth Group, LLC0$00.00%−4,769−100.0%Sold out
Norden Group LLC0$00.00%−4,611−100.0%Sold out
Bayesian Capital Management, LP0$00.00%−4,507−100.0%Sold out
Calamos Advisors LLC0$00.00%−4,378−100.0%Sold out
MQS Management LLC0$00.00%−4,158−100.0%Sold out
Brinker Capital Investments, LLC0$00.00%−4,156−100.0%Sold out
Verition Fund Management LLC0$00.00%−3,664−100.0%Sold out
Park Avenue Securities LLC0$00.00%−3,600−100.0%Sold out
Legacy Wealth Asset Management, LLC0$00.00%−3,506−100.0%Sold out
Wiley Bros.-Aintree Capital, LLC0$00.00%−3,308−100.0%Sold out
Omers Administration Corp0$00.00%−3,100−100.0%Sold out
Sanctuary Advisors, LLC0$00.00%−3,059−100.0%Sold out
Alliance Wealth Advisors, LLC0$00.00%−3,046−100.0%Sold out
Vident Advisory, LLC0$00.00%−2,962−100.0%Sold out
Cornerstone Planning Group LLC0$00.00%−7,680−100.0%Sold out
We Are One Seven, LLC0$00.00%−2,920−100.0%Sold out
HB Wealth Management, LLC0$00.00%−2,602−100.0%Sold out
111 Capital0$00.00%−2,564−100.0%Sold out
DGS Capital Management, LLC0$00.00%−2,416−100.0%Sold out
Principal Street Partners, LLC0$00.00%−2,275−100.0%Sold out
Oppenheimer & Co Inc0$00.00%−2,261−100.0%Sold out
YHB Investment Advisors, Inc.0$00.00%−2,257−100.0%Sold out
Intrust Bank NA0$00.00%−2,183−100.0%Sold out