Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Descartes Sys Group Inc (DSGX)

339 + Investors. Track Smart Money conviction in DSGX. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -11
Streak
2Q ▼
Buyers last Q
51%

Smart Money Signals — DSGX

Based on 343 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their DSGX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
343 funds currently hold this stock — 93% of the 3.0-year high of 368 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding DSGX is almost the same as a year ago (-12 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 51% buying

198 buying190 selling
Last quarter: 198 funds bought or added vs 190 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~57 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 40 → 56 → 58 → 57. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 21% medium ■ 21% new
200 out of 343 hedge funds have held DSGX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +3%, value -19%

Value
-18%
Shares
+3%
Last quarter: funds added +3% more shares while total portfolio value only changed -19%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

39 → 40 → 56 → 58 → 57 new funds/Q
New funds entering each quarter: 40 → 56 → 58 → 57. A growing number of institutions are discovering DSGX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 62% veterans vs 24% newcomers

■ 62% veterans ■ 14% 1-2yr ■ 24% new
Entry-cohort mix of 353 holders: 219 (62%) are 2+ year veterans, 48 entered 1–2 years ago, and 86 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
55 of 342 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — DSGX

In 2026 Q1, 198 hedge funds were net buyers of DSGX (57 opened a new position, 141 added to an existing one), while 190 reduced or exited (122 trimmed, 68 sold completely) — a 51% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 39% of total institutional value in DSGX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -11 funds (more exits than new entries). Total institutional holders: 343.

Hedge Fund Ownership: DSGX

How many hedge funds hold DSGX — quarterly history vs. share price
Quarterly hedge fund ownership of DSGX vs. share price

Market Analysis: DSGX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DSGX

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Descartes Sys Group Inc (DSGX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DSGX has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
DSGX
nan%
XLK
+39.8%

DSGX outperformed XLK by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
DSGX
nan%
XLK
+5.4%

Since the filing became public, DSGX outperformed XLK by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

25 top-rated funds 3 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
3.0
/ 10
conviction
Hedge Fund Positioning: DSGX
339 + Investors

Track Smart Money conviction in DSGX. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 339 354 -4.24%
13F Shares 68M 66M 3.17%
Total Value $4.16B $5.11B -18.66%
New Positions 55 58 -3
Increased Positions 138 137 +1
Closed Positions 70 72 -2
Reduced Positions 118 120 -2
Total Calls 7 7 -
Total Puts 4 4 -
PUT/CALL Ratio 0.57 0.57 Bullish

Statistics: DSGX

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Valuation Measures Data as of: --

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Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

339 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DSGX. Verified SEC 13F-HR filings.

QUARTER:
Top 25 DSGX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Praesidium Investment Management Company, LLC 5.26% 307,479 $22.0M
2 Alpine Peaks Capital, LP 4.61% 63,900 $4.6M
3 Waratah Capital Advisors Ltd. 3.24% 1,189,482 $85.1M
4 Conestoga Capital Advisors, LLC 3.02% 2,111,320 $151.1M
5 Sone Capital Management, LLC 2.36% 391,828 $28.1M
6 Summit Creek Advisors LLC 2.27% 154,587 $11.1M
7 Geneva Capital Management LLC 2.02% 1,328,014 $95.0M
8 Crown Oak Advisors, LLC 1.65% 45,912 $3.3M
9 Board of the Pension Protection Fund 1.56% 17,000 $1.7M
10 2Xideas AG 1.48% 53,044 $3.8M
11 HERALD INVESTMENT MANAGEMENT Ltd 1.44% 145,000 $10.4M
12 Louisbourg Investments INC. 1.08% 79,704 $5.7M
13 Pembroke Management, LTD 1.07% 103,323 $7.4M
14 Dixon Mitchell Investment Counsel Inc. 0.84% 340,370 $24.3M
15 Scheer, Rowlett & Associates Investment Management Ltd. 0.82% 158,694 $11.4M
16 Riverbridge Partners LLC 0.79% 451,422 $32.3M
17 Cidel Asset Management Inc 0.47% 121,304 $8.7M
18 Grandeur Peak Global Advisors, LLC 0.47% 27,800 $2.0M
19 Advisory Advocates, LLC 0.42% 4,813 $422K
20 Select Equity Group, L.P. 0.39% 1,080,155 $77.1M
21 Guardian Capital LP 0.36% 190,877 $13.6M
22 Temasek Holdings (Private) Ltd 0.34% 1,464,165 $104.7M
23 Peregrine Capital Management LLC 0.32% 121,176 $8.7M
24 Picton Mahoney Asset Management 0.29% 553,578 $39.7M
25 Nicholas Investment Partners, LP 0.27% 52,405 $3.8M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Descartes Sys Group Inc (DSGX)

What does the Smart Money Trend signal show for DSGX?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their DSGX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for DSGX?

Slight buying edge — 51% buying: Last quarter: 198 funds bought or added vs 190 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DSGX holders?

Strong quality — 39% AUM from major funds: 55 of 342 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held DSGX?

58% of holders stayed for 2+ years: 200 out of 343 hedge funds have held DSGX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Descartes Sys Group Inc (DSGX) following the 2026 Q1 hedge fund 13F filings?

As of today, DSGX has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.4% for the XLK sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), DSGX has gained nan% vs +39.8% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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