Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Descartes Sys Group Inc (DSGX)

338 + 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
↓ -5
Streak
3Q ▼
Buyers last Q
47%

Smart Money Signals — DSGX

Based on 341 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 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 — 92% of 3.0Y peak

92% of all-time peak
341 funds currently hold this stock — 92% of the 3.0-year high of 369 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.
🟠

More sellers than buyers — 47% buying

170 buying195 selling
Last quarter: 195 funds reduced or exited vs 170 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 57 → 58 → 58 → 48. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 20% medium ■ 21% new
202 out of 341 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.
➡️

Steady discovery — ~48 new funds/quarter

40 → 57 → 58 → 58 → 48 new funds/Q
New funds entering each quarter: 57 → 58 → 58 → 48. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 64% veterans vs 24% newcomers

■ 64% veterans ■ 12% 1-2yr ■ 24% new
Entry-cohort mix of 352 holders: 226 (64%) are 2+ year veterans, 41 entered 1–2 years ago, and 85 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
58 of 340 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in DSGX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 Q2, 170 hedge funds were net buyers of DSGX (48 opened a new position, 122 added to an existing one), while 195 reduced or exited (142 trimmed, 53 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 40% of total institutional value in DSGX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 341.

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.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 2 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: DSGX
338 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 338 346 -2.31%
13F Shares 70M 69M 1.78%
Total Value $4.30B $4.28B 0.51%
New Positions 48 58 -10
Increased Positions 118 141 -23
Closed Positions 55 67 -12
Reduced Positions 138 119 +19
Total Calls 7 7 -
Total Puts 5 4 25.0%
PUT/CALL Ratio 0.71 0.57 Neutral

Statistics: DSGX

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Institutional Holders (2026 Q2)

338 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Zeno Equity Partners LLP 7.20% 279,581 $19.4M
2 Praesidium Investment Management Company, LLC 5.48% 169,619 $11.7M
3 Alpine Peaks Capital, LP 4.04% 49,757 $3.4M
4 Waratah Capital Advisors Ltd. 3.41% 1,447,678 $100.2M
5 Conestoga Capital Advisors, LLC 2.81% 1,864,851 $129.1M
6 Geneva Capital Management LLC 1.70% 1,067,938 $73.9M
7 Summit Creek Advisors LLC 1.60% 67,708 $4.7M
8 Sone Capital Management, LLC 1.54% 291,962 $20.2M
9 Crown Oak Advisors, LLC 1.44% 44,698 $3.1M
10 2Xideas AG 1.20% 40,344 $2.8M
11 Pembroke Management, LTD 1.13% 103,981 $7.2M
12 Scheer, Rowlett & Associates Investment Management Ltd. 1.09% 218,527 $15.1M
13 Louisbourg Investments INC. 1.06% 83,216 $5.8M
14 HERALD INVESTMENT MANAGEMENT Ltd 1.01% 108,000 $7.5M
15 Semanteon Capital Management, LP 0.97% 3,098 $215K
16 Dixon Mitchell Investment Counsel Inc. 0.79% 351,850 $24.4M
17 Granahan Investment Management, LLC 0.73% 297,257 $20.6M
18 Grandeur Peak Global Advisors, LLC 0.72% 46,068 $3.1M
19 NZS Capital, LLC 0.72% 398,945 $27.6M
20 Riverbridge Partners LLC 0.56% 291,102 $20.2M
21 Select Equity Group, L.P. 0.44% 1,290,947 $89.4M
22 Picton Mahoney Asset Management 0.42% 822,771 $56.8M
23 Advisory Advocates, LLC 0.41% 6,867 $475K
24 Segall Bryant & Hamill, LLC 0.40% 487,981 $33.8M
25 Ninety One North America, Inc. 0.40% 122,805 $8.5M
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 — 3 quarters in a row: For 3 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?

More sellers than buyers — 47% buying: Last quarter: 195 funds reduced or exited vs 170 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for DSGX holders?

Elite ownership — 40% AUM from top-100 funds: 58 of 340 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in DSGX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held DSGX?

59% of holders stayed for 2+ years: 202 out of 341 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.

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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