Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in DSGX held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | 1832 Asset Management L.P. | 3.8M | $274.3M | +47.8% | 4.462% | 0.36% |
| 2 | JANUS HENDERSON GROUP PLC | 2.6M | $184.1M | +4.1% | 2.996% | 0.09% |
| 3 | MACKENZIE FINANCIAL CORP | 2.4M | $175.3M | -27.4% | 2.848% | 0.21% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 2.4M | $169.9M | — | 2.761% | 0.00% |
| 5 | Conestoga Capital Advisors, LLC | 2.1M | $151.1M | -15.8% | 2.457% | 3.02% |
| 6 | BANK OF MONTREAL /CAN/ | 1.5M | $109.3M | -2.1% | 1.776% | 0.04% |
| 7 | MORGAN STANLEY | 1.5M | $106.5M | -6.0% | 1.732% | 0.01% |
| 8 | Temasek Holdings (Private) Ltd | 1.5M | $104.7M | 0.0% | 1.704% | 0.34% |
| 9 | GENEVA CAPITAL MANAGEMENT LLC | 1.3M | $95.0M | -7.1% | 1.546% | 2.02% |
| 10 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.3M | $90.1M | -27.8% | 1.464% | 0.05% |
| 11 | Connor, Clark & Lunn Investment Management Ltd. | 1.2M | $87.1M | +140.2% | 1.415% | 0.20% |
| 12 | Waratah Capital Advisors Ltd. | 1.2M | $85.1M | +969.1% | 1.384% | 7.30% |
| 13 | PRIMECAP MANAGEMENT CO/CA/ | 1.2M | $84.3M | 0.0% | 1.371% | 0.07% |
| 14 | TWO SIGMA INVESTMENTS, LP | 1.1M | $81.1M | +173.0% | 1.318% | 0.07% |
| 15 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 1.1M | $78.8M | +140.5% | 1.281% | 0.07% |
| 16 | GEODE CAPITAL MANAGEMENT, LLC | 1.1M | $78.1M | -3.0% | 1.268% | 0.00% |
| 17 | Select Equity Group, L.P. | 1.1M | $77.1M | +182.5% | 1.257% | 0.42% |
| 18 | CIBC Asset Management Inc | 1.1M | $76.7M | -9.2% | 1.234% | 0.19% |
| 19 | FMR LLC | 1.0M | $74.5M | +8.7% | 1.211% | 0.00% |
| 20 | TD ASSET MANAGEMENT INC | 1.0M | $72.5M | +48.2% | 1.181% | 0.06% |
| 21 | D. E. Shaw & Co., Inc. | 998K | $71.4M | — | 1.161% | 0.07% |
| 22 | Fiera Capital Corp | 837K | $59.9M | -39.0% | 0.974% | 0.20% |
| 23 | WESTFIELD CAPITAL MANAGEMENT CO LP | 802K | $57.4M | -32.8% | 0.933% | 0.24% |
| 24 | RENAISSANCE TECHNOLOGIES LLC | 799K | $57.2M | +18.7% | 0.930% | 0.09% |
| 25 | GOLDMAN SACHS GROUP INC | 769K | $55.0M | +33.7% | 0.895% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in DSGX — a direct measure of their conviction.
Filings activity in DSGX during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 340 | 3.7% | 66.26% | 11.64 pp | $4.15B | 15% |
| Q4 2025 | 353 | 3.6% | 77.90% | 1.01 pp | $4.88B | 1.3% |
| Q3 2025 | 366 | +3.7% | 78.91% | 12.55 pp | $4.95B | 14% |
| Q2 2025 | 353 | +0.6% | 91.46% | +3.80 pp | $5.73B | +4.3% |
| Q1 2025 | 351 | 3.3% | 87.66% | 13.36 pp | $5.50B | 13% |
| Q4 2024 | 363 | +9.0% | 101.02% | +12.85 pp | $6.33B | +15% |
| Q3 2024 | 333 | +4.4% | 88.17% | 16.54 pp | $5.53B | 16% |
| Q2 2024 | 319 | — | 104.71% | — | $6.57B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying DSGX stock.
Based on Q1 2026 13F filings, institutional ownership of The Descartes Systems Group Inc. stands at 66.3%, held across 340 reporting institutions.
1832 Asset Management L.P. is the largest reported institutional holder of DSGX, with approximately 3,833,793 shares worth $0.27B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of DSGX, including TWO SIGMA INVESTMENTS, LP, RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for DSGX is 40 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
59 institutions opened new positions in DSGX during Q1 2026, while 72 fully exited. 93 added to existing positions and 187 trimmed.
DSGX institutional ownership fell by 11.64 percentage points quarter-over-quarter, with a net change of -13 holders.
The top 10 institutions account for 35.2% of all reported 13F value in DSGX, and the top 25 account for 61.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
The Descartes Systems Group Inc. (DSGX) Institutional Ownership