DESCARTES SYS GROUP INC

Ticker: DSGX CUSIP: 249906108 Class: COM

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
PRICE T ROWE ASSOCIATES INC /MD/6,993,132$613
VANGUARD GROUP INC3,602,652$316,050
MACKENZIE FINANCIAL CORP3,371,562$296,326
1832 Asset Management L.P.2,594,300$227,416
Conestoga Capital Advisors, LLC2,508,569$219,901
JANUS HENDERSON GROUP PLC2,473,531$216,952
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP1,743,262$152,898
Durable Capital Partners LP1,710,202$149,916
MORGAN STANLEY1,584,393$138,888
BANK OF MONTREAL /CAN/1,557,921$136,675
Temasek Holdings (Private) Ltd1,464,165$128,349
GENEVA CAPITAL MANAGEMENT LLC1,429,426$125,304
Fiera Capital Corp1,371,213$120,332
WESTFIELD CAPITAL MANAGEMENT CO LP1,193,869$104,655
PRIMECAP MANAGEMENT CO/CA/1,178,440$103,302
CIBC Asset Management Inc1,166,883$103,308
NORGES BANK1,144,488$100,405
GEODE CAPITAL MANAGEMENT, LLC1,122,692$100,311
FMR LLC957,399$83,937
D. E. Shaw & Co., Inc.799,853$70,130
FRANKLIN RESOURCES INC753,938$66,092
ROYAL BANK OF CANADA692,945$60,744
TD Asset Management Inc684,766$60,152
RENAISSANCE TECHNOLOGIES LLC672,944$58,990
GOLDMAN SACHS GROUP INC575,036$50,408
RIVERBRIDGE PARTNERS LLC534,345$46,841
Connor, Clark & Lunn Investment Management Ltd.506,054$44,396
PICTON MAHONEY ASSET MANAGEMENT496,483$43,617
MANUFACTURERS LIFE INSURANCE COMPANY, THE457,684$40,236
BANK OF AMERICA CORP /DE/452,770$39,690
SEGALL BRYANT & HAMILL, LLC445,340$39,039
GW&K Investment Management, LLC429,598$38
BANK OF NOVA SCOTIA424,463$37,236
TWO SIGMA INVESTMENTS, LP414,909$36,371
Legal & General Group Plc412,795$36,261
Clearbridge Investments, LLC403,854$35,402
TORONTO DOMINION BANK396,689$34,802
Select Equity Group, L.P.382,354$33,587
BlackRock, Inc.368,999$32,346
DF DENT & CO INC352,094$30,865
NATIONAL BANK OF CANADA /FI/347,073$30,385
Premier Fund Managers Ltd340,503$30
Ophir Asset Management Pty Ltd334,391$29,313
Grandeur Peak Global Advisors, LLC333,955$29,310
Dixon Mitchell Investment Counsel Inc.331,971$29,161
CITADEL ADVISORS LLC331,024$29,018
DIMENSIONAL FUND ADVISORS LP327,406$28,701
MILLENNIUM MANAGEMENT LLC314,147$27,554
Point72 Asset Management, L.P.291,483$25,554
AMERIPRISE FINANCIAL INC280,803$28,345
PRINCIPAL FINANCIAL GROUP INC278,623$24,475
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC270,929$23,799
T. Rowe Price Investment Management, Inc.268,776$24
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO261,227$23
VOLORIDGE INVESTMENT MANAGEMENT, LLC261,172$22,894
LORD, ABBETT & CO. LLC259,733$23
DEUTSCHE BANK AG\250,768$21,982
JANE STREET GROUP, LLC237,973$20,861
BNP PARIBAS ARBITRAGE, SA236,003$20,688
Baird Financial Group, Inc.232,314$20,365
Chevy Chase Trust Holdings, LLC230,083$20,169
Swiss National Bank227,824$20,027
UBS Group AG225,603$19,776
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC218,572$19,160
BLAIR WILLIAM & CO/IL217,667$19,081
Stephens Investment Management Group LLC207,652$18,203
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC204,931$17,964
BESSEMER GROUP INC198,496$17
Sone Capital Management, LLC197,514$17,327
MONTRUSCO BOLTON INVESTMENTS INC.192,740$16,931
AQR CAPITAL MANAGEMENT LLC190,089$16,676
CHARLES SCHWAB INVESTMENT MANAGEMENT INC189,533$16,649
Herald Investment Management Ltd185,000$16,213
Nuveen, LLC179,413$15,760
Summit Creek Advisors LLC179,044$15,695
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.167,008$14,640
Praesidium Investment Management Company, LLC166,188$14,568
MASSACHUSETTS FINANCIAL SERVICES CO /MA/157,404$13,798
GUARDIAN CAPITAL LP150,501$13,209
CITIGROUP INC144,221$12,669
CANADA PENSION PLAN INVESTMENT BOARD140,560$12,331
SEI INVESTMENTS CO130,814$11,467
FENIMORE ASSET MANAGEMENT INC130,384$11,429
AGF MANAGEMENT LTD125,147$10,979
TWO SIGMA ADVISERS, LP121,400$10,642
Public Sector Pension Investment Board117,180$10,280
Amundi116,852$10,243
Russell Investments Group, Ltd.116,520$10,222
JPMORGAN CHASE & CO113,696$9,967
Bank of New York Mellon Corp113,621$9,960
Waratah Capital Advisors Ltd.111,259$9,753
ENVESTNET ASSET MANAGEMENT INC110,819$9,714
RAYMOND JAMES FINANCIAL INC108,136$9,479
NICHOLAS COMPANY, INC.101,425$8,891
Pembroke Management, LTD100,973$8,851
Qube Research & Technologies Ltd94,868$8,316
STRS OHIO92,735$8,136
BALYASNY ASSET MANAGEMENT L.P.88,564$7,764
SCOTIA CAPITAL INC.83,893$7,335
BARCLAYS PLC76,338$6,692
248 other institutions3,541,267$291,860
Total (348 institutions)65,182,220$4,938,124