Also trades as: DSG.TO (TSX) · $vol 40M
DSGX Institutional Ownership
The Descartes Systems Group Inc.
1W: +2.2%
1M: +16.9%
3M: +18.2%
YTD: +8.3%
1Y: -4.4%
3Y: +27.2%
5Y: +10.6%
$92.18
-2.59 (-2.73%)
Weekly Expected Move ±3.7%
$87
$90
$94
$97
$101
Credit Risk of going bust: lower than 95% of companies Debt: 0.1% of company value Bonds: none of note held by US funds details ▾
If the stock fell to about $0.01 (down more than 99.9%), The Descartes Systems Group Inc. would be worth roughly what it owes.
Total debt $7.5M against a stock market value of $7.89B.
Distance to default 18.78 (Merton model): prices to 2026-10-27, balance sheet 2026-07-31, debt counted $3.3M (short-term plus half of long-term), stock volatility 41.2%; Altman Z'' 8.22. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Total debt $7.5M against a stock market value of $7.89B.
Distance to default 18.78 (Merton model): prices to 2026-10-27, balance sheet 2026-07-31, debt counted $3.3M (short-term plus half of long-term), stock volatility 41.2%; Altman Z'' 8.22. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Overview
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Institutional Ownership — DSGX
393
Institutional Holders
-12 vs prior quarter
0.0%
Ownership
+0.00pp
$4B
Total Invested
45
New Positions
118
Increased
194
Reduced
49
Closed
0.62
Put/Call Ratio
Ownership Trends
Top Institutional Holders (440 total)
| # | Holder | Shares | Value | Change | Change % | Holding Period | Filing |
|---|---|---|---|---|---|---|---|
| 1 | PRICE T ROWE ASSOCIATES INC /MD | 5,669,388 | $523M | -595,492 | -9.5% | 16Q | SEC ↗ |
| 2 | 1832 Asset Management L.P. | 3,826,186 | $353M | -7,607 | -0.2% | 29Q | SEC ↗ |
| 3 | Jupiter Topco LLC NEW | 2,624,926 | $242M | — | +0.0% | 1Q | SEC ↗ |
| 4 | JANUS HENDERSON GROUP PLC | 2,574,468 | $237M | +100,937 | +4.1% | 33Q | SEC ↗ |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 2,399,478 | $221M | +27,298 | +1.2% | 2Q | SEC ↗ |
| 6 | MANUFACTURERS LIFE INSURANCE COMPANY, | 2,045,632 | $189M | +944,877 | +85.8% | 51Q | SEC ↗ |
| 7 | Temasek Holdings (Private) Ltd | 2,011,165 | $185M | +547,000 | +37.4% | 5Q | SEC ↗ |
| 8 | MACKENZIE FINANCIAL CORP | 1,971,360 | $182M | -475,787 | -19.4% | 41Q | SEC ↗ |
| 9 | Conestoga Capital Advisors, LLC | 1,864,851 | $172M | -246,469 | -11.7% | 39Q | SEC ↗ |
| 10 | T. Rowe Price Investment Management, I | 1,849,277 | $170M | -334,165 | -15.3% | 17Q | SEC ↗ |
| 11 | BANK OF MONTREAL /CAN | 1,811,867 | $167M | +285,857 | +18.7% | 53Q | SEC ↗ |
| 12 | MORGAN STANLEY | 1,687,878 | $156M | +199,249 | +13.4% | 51Q | SEC ↗ |
| 13 | ARROWSTREET CAPITAL, LIMITED PARTNERSH | 1,528,720 | $141M | +270,563 | +21.5% | 14Q | SEC ↗ |
| 14 | Waratah Capital Advisors Ltd. | 1,447,678 | $133M | +258,196 | +21.7% | 3Q | SEC ↗ |
| 15 | WELLINGTON MANAGEMENT GROUP LLP | 1,363,426 | $126M | +1,179,345 | +640.7% | 15Q | SEC ↗ |
| 16 | Select Equity Group, L.P. | 1,290,947 | $119M | +210,792 | +19.5% | 3Q | SEC ↗ |
| 17 | GEODE CAPITAL MANAGEMENT, LLC | 1,170,156 | $108M | +81,043 | +7.4% | 50Q | SEC ↗ |
| 18 | NORGES BANK NEW | 1,154,012 | $106M | — | +0.0% | 1Q | SEC ↗ |
| 19 | FMR LLC | 1,141,446 | $105M | +100,634 | +9.7% | 27Q | SEC ↗ |
| 20 | Fiera Capital Corp | 1,122,573 | $103M | +285,383 | +34.1% | 61Q | SEC ↗ |
| 21 | ROYAL BANK OF CANADA | 1,079,587 | $100M | +422,382 | +64.3% | 67Q | SEC ↗ |
| 22 | GENEVA CAPITAL MANAGEMENT LLC | 1,067,938 | $98M | -260,076 | -19.6% | 26Q | SEC ↗ |
| 23 | FIL Ltd | 1,017,929 | $94M | +613,857 | +151.9% | 50Q | SEC ↗ |
| 24 | TD Asset Management Inc | 1,007,392 | $93M | -7,180 | -0.7% | 51Q | SEC ↗ |
| 25 | CIBC Asset Management Inc | 891,122 | $82M | -169,006 | -15.9% | 51Q | SEC ↗ |
| 26 | Connor, Clark & Lunn Investment Manage | 849,164 | $78M | -366,514 | -30.1% | 50Q | SEC ↗ |
| 27 | WESTFIELD CAPITAL MANAGEMENT CO LP | 835,437 | $77M | +33,535 | +4.2% | 10Q | SEC ↗ |
| 28 | PICTON MAHONEY ASSET MANAGEMENT | 822,771 | $76M | +269,193 | +48.6% | 5Q | SEC ↗ |
| 29 | VANGUARD FIDUCIARY TRUST CO | 761,301 | $70M | +12,056 | +1.6% | 2Q | SEC ↗ |
| 30 | PRIMECAP MANAGEMENT CO/CA | 728,775 | $67M | -449,665 | -38.2% | 15Q | SEC ↗ |
| 31 | BlackRock, Inc. | 703,114 | $65M | +52,272 | +8.0% | 8Q | SEC ↗ |
| 32 | D. E. Shaw & Co., Inc. | 658,561 | $61M | -330,118 | -33.4% | 17Q | SEC ↗ |
| 33 | TWO SIGMA INVESTMENTS, LP | 655,859 | $60M | -476,800 | -42.1% | 23Q | SEC ↗ |
| 34 | RENAISSANCE TECHNOLOGIES LLC | 640,844 | $59M | -158,000 | -19.8% | 81Q | SEC ↗ |
| 35 | Ninety One UK Ltd NEW | 640,007 | $59M | — | +0.0% | 1Q | SEC ↗ |
| 36 | Clearbridge Investments, LLC | 580,426 | $54M | +106,126 | +22.4% | 11Q | SEC ↗ |
| 37 | AMERICAN CENTURY COMPANIES INC | 542,896 | $50M | +74,385 | +15.9% | 15Q | SEC ↗ |
| 38 | FRANKLIN RESOURCES INC | 519,930 | $48M | -83,851 | -13.9% | 22Q | SEC ↗ |
| 39 | GOLDMAN SACHS GROUP INC | 509,594 | $47M | -259,379 | -33.7% | 15Q | SEC ↗ |
| 40 | BANK OF AMERICA CORP /DE | 509,372 | $47M | -224,111 | -30.6% | 15Q | SEC ↗ |
| 41 | SEGALL BRYANT & HAMILL, LLC | 487,981 | $45M | -2,917 | -0.6% | 13Q | SEC ↗ |
| 42 | AQR CAPITAL MANAGEMENT LLC | 467,971 | $43M | -43,770 | -8.6% | 4Q | SEC ↗ |
| 43 | LORD, ABBETT & CO. LLC | 440,911 | $41M | +186,635 | +73.4% | 15Q | SEC ↗ |
| 44 | GW&K Investment Management, LLC | 427,473 | $39M | +176,924 | +70.6% | 26Q | SEC ↗ |
| 45 | BANK OF NOVA SCOTIA | 416,236 | $38M | +2,287 | +0.6% | 15Q | SEC ↗ |
| 46 | NZS Capital, LLC NEW | 398,945 | $37M | — | +0.0% | 1Q | SEC ↗ |
| 47 | Vanguard Global Advisers, LLC | 366,010 | $34M | +23,508 | +6.9% | 2Q | SEC ↗ |
| 48 | PRINCIPAL FINANCIAL GROUP INC | 363,303 | $33M | -102,100 | -21.9% | 18Q | SEC ↗ |
| 49 | Dixon Mitchell Investment Counsel Inc. | 351,850 | $32M | +11,480 | +3.4% | 5Q | SEC ↗ |
| 50 | Legal & General Group Plc | 349,533 | $32M | -42,060 | -10.7% | 27Q | SEC ↗ |
Recent Activity
New Positions (20)
| Holder | Shares | Value |
|---|---|---|
| Jupiter Topco LLC | 2,624,926 | $242M |
| NORGES BANK | 1,154,012 | $106M |
| Ninety One UK Ltd | 640,007 | $59M |
| NZS Capital, LLC | 398,945 | $37M |
| Sixth Street Partners Management Co | 205,198 | $19M |
| Ninety One North America, Inc. | 122,805 | $11M |
| Quadrature Capital Ltd | 62,500 | $6M |
| Maryland State Retirement & Pension | 48,134 | $4M |
| MOORE CAPITAL MANAGEMENT, LP | 37,500 | $3M |
| MORGUARD LINCLUDEN GLOBAL INVESTMEN | 34,114 | $3M |
| Nykredit A/S | 27,000 | $2M |
| Hudson Bay Capital Management LP | 22,799 | $2M |
| Ionic Capital Management LLC | 13,000 | $1M |
| Maven Securities LTD | 11,812 | $1M |
| Van Hulzen Asset Management, LLC | 9,665 | $891K |
| Aberdeen Group plc | 8,942 | $824K |
| Dynamic Technology Lab Private Ltd | 8,340 | $769K |
| MML INVESTORS SERVICES, LLC | 8,210 | $757K |
| Fideuram Asset Management (Ireland) | 7,668 | $707K |
| POLEN CAPITAL MANAGEMENT LLC | 6,987 | $644K |
Sold Out (20)
| Holder | Prev Shares | Prev Value |
|---|---|---|
| Durable Capital Partners LP | 1,710,202 | $158M |
| Ophir Asset Management Pty Ltd | 334,391 | $31M |
| JANE STREET GROUP, LLC | 180,892 | $17M |
| Caisse de depot et placement du Que | 169,089 | $16M |
| WILLIAM BLAIR INVESTMENT MANAGEMENT | 128,192 | $12M |
| VOLORIDGE INVESTMENT MANAGEMENT, LL | 84,359 | $8M |
| NewGen Asset Management Ltd | 70,000 | $6M |
| APG Asset Management N.V. | 57,101 | $5M |
| Nicholas Investment Partners, LP | 52,405 | $5M |
| Jump Financial, LLC | 49,234 | $5M |
| HEALTHCARE OF ONTARIO PENSION PLAN | 42,305 | $4M |
| Quantum Capital Management, LLC / N | 31,421 | $3M |
| Trexquant Investment LP | 29,971 | $3M |
| ExodusPoint Capital Management, LP | 25,864 | $2M |
| WASATCH ADVISORS LP | 24,826 | $2M |
| Squarepoint Ops LLC | 23,545 | $2M |
| WORLDQUANT MILLENNIUM ADVISORS LLC | 20,089 | $2M |
| Campbell & CO Investment Adviser LL | 17,702 | $2M |
| Board of the Pension Protection Fun | 17,000 | $2M |
| Strive Financial Group ,LLC | 15,652 | $1M |
Biggest Increases (20)
| Holder | Added | Change % | Total Shares |
|---|---|---|---|
| WELLINGTON MANAGEMENT GROUP LLP | +1,179,345 | +640.7% | 1,363,426 |
| MANUFACTURERS LIFE INSURANCE COMPAN | +944,877 | +85.8% | 2,045,632 |
| FIL Ltd | +613,857 | +151.9% | 1,017,929 |
| Temasek Holdings (Private) Ltd | +547,000 | +37.4% | 2,011,165 |
| ROYAL BANK OF CANADA | +422,382 | +64.3% | 1,079,587 |
| BANK OF MONTREAL /CAN | +285,857 | +18.7% | 1,811,867 |
| Fiera Capital Corp | +285,383 | +34.1% | 1,122,573 |
| ARROWSTREET CAPITAL, LIMITED PARTNE | +270,563 | +21.5% | 1,528,720 |
| PICTON MAHONEY ASSET MANAGEMENT | +269,193 | +48.6% | 822,771 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | +260,000 | +1300.0% | 280,000 |
| Waratah Capital Advisors Ltd. | +258,196 | +21.7% | 1,447,678 |
| Granahan Investment Management, LLC | +242,004 | +438.0% | 297,257 |
| Select Equity Group, L.P. | +210,792 | +19.5% | 1,290,947 |
| MORGAN STANLEY | +199,249 | +13.4% | 1,687,878 |
| LORD, ABBETT & CO. LLC | +186,635 | +73.4% | 440,911 |
| GW&K Investment Management, LLC | +176,924 | +70.6% | 427,473 |
| Clearbridge Investments, LLC | +106,126 | +22.4% | 580,426 |
| JANUS HENDERSON GROUP PLC | +100,937 | +4.1% | 2,574,468 |
| FMR LLC | +100,634 | +9.7% | 1,141,446 |
| DEUTSCHE BANK AG | +88,371 | +57.5% | 242,096 |
Biggest Decreases (20)
| Holder | Reduced | Change % | Total Shares |
|---|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD | -595,492 | -9.5% | 5,669,388 |
| TWO SIGMA INVESTMENTS, LP | -476,800 | -42.1% | 655,859 |
| MACKENZIE FINANCIAL CORP | -475,787 | -19.4% | 1,971,360 |
| PRIMECAP MANAGEMENT CO/CA | -449,665 | -38.2% | 728,775 |
| Connor, Clark & Lunn Investment Man | -366,514 | -30.1% | 849,164 |
| T. Rowe Price Investment Management | -334,165 | -15.3% | 1,849,277 |
| D. E. Shaw & Co., Inc. | -330,118 | -33.4% | 658,561 |
| GENEVA CAPITAL MANAGEMENT LLC | -260,076 | -19.6% | 1,067,938 |
| GOLDMAN SACHS GROUP INC | -259,379 | -33.7% | 509,594 |
| BNP PARIBAS FINANCIAL MARKETS | -247,679 | -66.7% | 123,606 |
| Conestoga Capital Advisors, LLC | -246,469 | -11.7% | 1,864,851 |
| BANK OF AMERICA CORP /DE | -224,111 | -30.6% | 509,372 |
| TORONTO DOMINION BANK | -176,678 | -48.0% | 191,620 |
| CIBC Asset Management Inc | -169,006 | -15.9% | 891,122 |
| RIVERBRIDGE PARTNERS LLC | -160,320 | -35.5% | 291,102 |
| RENAISSANCE TECHNOLOGIES LLC | -158,000 | -19.8% | 640,844 |
| Premier Fund Managers Ltd | -142,313 | -44.8% | 175,202 |
| UBS Group AG | -138,544 | -39.8% | 209,325 |
| Praesidium Investment Management Co | -137,860 | -44.8% | 169,619 |
| Alberta Investment Management Corp | -133,236 | -85.2% | 23,070 |