Ranked by reported Q2 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 | $264.9M | -0.2% | 4.453% | 0.13% |
| 2 | MACKENZIE FINANCIAL CORP | 2.0M | $193.6M | -19.4% | 2.294% | 0.19% |
| 3 | Jupiter Topco LLC | 2.6M | $181.7M | — | 3.055% | 0.07% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 2.4M | $166.2M | +1.1% | 2.792% | 0.00% |
| 5 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 2.0M | $141.4M | +85.8% | 2.381% | 0.06% |
| 6 | Temasek Holdings (Private) Ltd | 2.0M | $139.1M | +37.4% | 2.341% | 0.37% |
| 7 | Conestoga Capital Advisors, LLC | 1.9M | $129.1M | -11.7% | 2.170% | 2.81% |
| 8 | BANK OF MONTREAL /CAN/ | 1.8M | $125.4M | +18.7% | 2.109% | 0.04% |
| 9 | MORGAN STANLEY | 1.7M | $116.9M | +13.4% | 1.964% | 0.01% |
| 10 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.5M | $105.8M | +21.5% | 1.779% | 0.05% |
| 11 | Waratah Capital Advisors Ltd. | 1.4M | $100.2M | +21.7% | 1.685% | 3.41% |
| 12 | WELLINGTON MANAGEMENT GROUP LLP | 1.4M | $94.4M | +640.7% | 1.587% | 0.02% |
| 13 | Select Equity Group, L.P. | 1.3M | $89.4M | +19.5% | 1.502% | 0.44% |
| 14 | GEODE CAPITAL MANAGEMENT, LLC | 1.2M | $81.2M | +7.4% | 1.362% | 0.00% |
| 15 | NORGES BANK | 1.2M | $79.8M | — | 1.343% | 0.01% |
| 16 | FMR LLC | 1.1M | $79.0M | +9.7% | 1.328% | 0.00% |
| 17 | Fiera Capital Corp | 1.1M | $77.6M | +34.1% | 1.306% | 0.28% |
| 18 | ROYAL BANK OF CANADA | 1.1M | $75.5M | +50.0% | 1.269% | 0.01% |
| 19 | GENEVA CAPITAL MANAGEMENT LLC | 1.1M | $73.9M | -19.6% | 1.243% | 1.70% |
| 20 | FIL Ltd | 1.0M | $70.5M | +151.9% | 1.185% | 0.05% |
| 21 | TD ASSET MANAGEMENT INC | 1.0M | $69.7M | -0.7% | 1.172% | 0.06% |
| 22 | CIBC Asset Management Inc | 891K | $62.4M | -15.9% | 1.037% | 0.14% |
| 23 | Connor, Clark & Lunn Investment Management Ltd. | 849K | $58.8M | -30.1% | 0.988% | 0.11% |
| 24 | WESTFIELD CAPITAL MANAGEMENT CO LP | 835K | $57.8M | +4.2% | 0.972% | 0.19% |
| 25 | PICTON MAHONEY ASSET MANAGEMENT | 823K | $56.8M | +48.6% | 0.958% | 0.42% |
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 Q2 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 |
|---|---|---|---|---|---|---|
| Q2 2026 | 341 | 3.4% | 82.15% | +1.86 pp | $4.33B | +2.0% |
| Q1 2026 | 353 | 0.8% | 80.29% | +3.94 pp | $4.25B | 14% |
| Q4 2025 | 356 | 3.5% | 76.35% | +0.51 pp | $4.96B | 0.3% |
| Q3 2025 | 369 | +4.5% | 75.84% | 3.64 pp | $4.98B | 13% |
| Q2 2025 | 353 | +0.6% | 79.48% | +2.95 pp | $5.73B | +4.3% |
| Q1 2025 | 351 | 3.3% | 76.53% | 2.58 pp | $5.50B | 13% |
| Q4 2024 | 363 | +9.0% | 79.11% | +2.56 pp | $6.33B | +15% |
| Q3 2024 | 333 | — | 76.55% | — | $5.53B | — |
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 Q2 2026 13F filings, institutional ownership of The Descartes Systems Group Inc. stands at 82.2%, held across 341 reporting institutions.
1832 Asset Management L.P. is the largest reported institutional holder of DSGX, with approximately 3,826,186 shares worth $0.26B as of Q2 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of DSGX.
Our composite Smart Money Score for DSGX is 41 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
36 institutions opened new positions in DSGX during Q2 2026, while 50 fully exited. 98 added to existing positions and 198 trimmed.
DSGX institutional ownership rose by 1.86 percentage points quarter-over-quarter, with a net change of -12 holders.
The top 10 institutions account for 36.1% of all reported 13F value in DSGX, and the top 25 account for 62.2%.
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