The Descartes Systems Group Inc.
DE ˙ DB ˙ CA2499061083
63,35 € ↓ -4,80 (-7,04%)
2026-06-03
DEL PRIS
SecurityDE:DC2 / The Descartes Systems Group Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership1,488,629 shares
Latest Disclosed Value $ 106,526,490
Morgan Stanley reports 6.04% decrease in ownership of DC2 / The Descartes Systems Group Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 1,488,629 shares of The Descartes Systems Group Inc. (DE:DC2) valued at $91,401,821 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 1,584,393 shares of The Descartes Systems Group Inc.. This represents a change in shares of -6.04% during the quarter. The current value of the position is $94,304,647 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F DESCARTES SYS GROUP COM 249906108 1,488,629 -95,764 -6.04 106,526 -23.30 0.0064
2026-05-27 2025-12-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 1,584,393 780,857 97.18 138,888 83.43 0.0083
2026-02-13 2025-12-31 13F DESCARTES SYS GROUP COM 249906108 1,584,393 780,857 138,888 0.0083
2026-05-27 2025-09-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 803,536 352,410 78.12 75,717 65.13 0.0046
2025-11-14 2025-09-30 13F DESCARTES SYS GROUP COM 249906108 803,536 352,410 75,717 0.0046
2025-08-15 2025-06-30 13F DESCARTES SYS GROUP COM 249906108 451,126 203,401 82.11 45,855 83.58 0.0030
2025-05-15 2025-03-31 13F DESCARTES SYS GROUP COM 249906108 247,725 -21,871 -8.11 24,978 -18.44 0.0018
2025-05-15 2024-12-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 269,596 -87,577 -24.52 30,626 -16.72 0.0021
2025-02-14 2024-12-31 13F DESCARTES SYS GROUP COM 249906108 269,596 -87,577 30,626 0.0021
2025-05-14 2024-09-30 13F/A-2 DESCARTES SYS GROUP COM 249906108 357,173 73,831 26.06 36,775 34.03 0.0027
2025-02-14 2024-09-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 357,173 73,831 36,775 0.0027
2024-11-14 2024-09-30 13F DESCARTES SYS GROUP COM 249906108 357,173 73,831 36,775 0.0003
2025-05-14 2024-06-30 13F/A-2 DESCARTES SYS GROUP COM 249906108 283,342 9,979 3.65 27,439 9.66 0.0021
2024-10-17 2024-06-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 283,342 9,979 27,439 0.0021
2024-08-14 2024-06-30 13F DESCARTES SYS GROUP COM 249906108 283,342 9,979 27,439 0.0021
2024-10-17 2024-03-31 13F/A-2 DESCARTES SYS GROUP COM 249906108 273,363 -52,727 -16.17 25,021 -8.72 0.0020
2024-08-16 2024-03-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 273,363 -52,727 25,021 0.0002
2024-05-15 2024-03-31 13F DESCARTES SYS GROUP COM 249906108 273,363 -52,727 25,021 0.0020
2024-08-16 2023-12-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 326,090 -106,640 -24.64 27,411 -13.67 0.0024
2024-02-13 2023-12-31 13F DESCARTES SYS GROUP COM 249906108 326,090 -106,640 27,411 0.0024
2023-11-15 2023-09-30 13F DESCARTES SYS GROUP COM 249906108 432,730 132,898 44.32 31,754 32.20 0.0032
2023-08-14 2023-06-30 13F DESCARTES SYS GROUP COM 249906108 299,832 -6,788 -2.21 24,020 -2.82 0.0024
2023-05-15 2023-03-31 13F DESCARTES SYS GROUP COM 249906108 306,620 118,133 62.67 24,717 88.27 0.0027
2023-02-14 2022-12-31 13F DESCARTES SYS GROUP COM 249906108 188,487 -154,202 -45.00 13,128 -39.70 0.0015
2022-11-14 2022-09-30 13F DESCARTES SYS GROUP COM 249906108 342,689 120,768 54.42 21,771 58.08 0.0030
2022-10-27 2022-06-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 221,921 -190,196 -46.15 13,772 -54.39 0.0018
2022-08-15 2022-06-30 13F DESCARTES SYS GROUP COM 249906108 221,921 -190,196 13,772 0.0004
2022-10-27 2022-03-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 412,117 169,120 69.60 30,192 50.28 0.0041
2022-05-13 2022-03-31 13F DESCARTES SYS GROUP COM 249906108 412,117 169,120 30,192 0.0041
2022-02-14 2021-12-31 13F DESCARTES SYS GROUP COM 249906108 242,997 139,805 135.48 20,091 139.61 0.0025
2021-11-15 2021-09-30 13F DESCARTES SYS GROUP COM 249906108 103,192 6,029 6.21 8,385 24.78 0.0011
2021-08-23 2021-06-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 97,163 34,735 55.64 6,720 76.75 0.0009
2021-08-16 2021-06-30 13F DESCARTES SYS GROUP COM 249906108 97,361 34,933 6,734 0.0002
2021-05-17 2021-03-31 13F DESCARTES SYS GROUP COM 249906108 62,428 -66,706 -51.66 3,802 -49.66 0.0006
2021-02-16 2020-12-31 13F DESCARTES SYS GROUP COM 249906108 129,134 -238,998 -64.92 7,552 -64.00 0.0012
2020-11-13 2020-09-30 13F DESCARTES SYS GROUP COM 249906108 368,132 -40,526 -9.92 20,976 -2.97 0.0041
2020-08-14 2020-06-30 13F DESCARTES SYS GROUP COM 249906108 408,658 -300,379 -42.36 21,619 -11.34 0.0048
2020-05-26 2020-03-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 709,037 132,488 22.98 24,383 -1.00 0.0066
2020-05-15 2020-03-31 13F DESCARTES SYS GROUP COM 249906108 709,037 132,488 24,383 1,873.1227
2020-02-14 2019-12-31 13F DESCARTES SYS GROUP COM 249906108 576,549 -99,914 -14.77 24,630 -9.68 0.0057
2019-11-14 2019-09-30 13F DESCARTES SYS GROUP COM 249906108 676,463 -310,209 -31.44 27,269 -25.21 0.0072
2019-08-14 2019-06-30 13F DESCARTES SYS GROUP COM 249906108 986,672 433,799 78.46 36,459 81.27 0.0097
2019-05-15 2019-03-31 13F DESCARTES SYS GROUP COM 249906108 552,873 -10,665 -1.89 20,113 34.90 0.0057
2019-02-14 2018-12-31 13F DESCARTES SYS GROUP COM 249906108 563,538 31,067 5.83 14,910 -17.40 0.0045
2019-04-23 2018-09-30 13F/A-2 DESCARTES SYS GROUP COM 249906108 532,471 90,373 20.44 18,051 25.63 0.0045
2018-11-20 2018-09-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 532,471 0 18,051 0.0045
2018-11-14 2018-09-30 13F DESCARTES SYS GROUP COM 249906108 532,471 90,373 18,051
2019-04-23 2018-06-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 442,098 5,537 1.27 14,368 15.28 0.0039
2018-08-14 2018-06-30 13F DESCARTES SYS GROUP COM 249906108 442,098 5,537 14,368
2019-04-23 2018-03-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 436,561 -46,983 -9.72 12,464 -9.24 0.0035
2018-05-14 2018-03-31 13F DESCARTES SYS GROUP COM 249906108 436,561 -46,983 12,464
2019-04-23 2017-12-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 483,544 -78,566 -13.98 13,733 -10.67 0.0038
2018-02-14 2017-12-31 13F DESCARTES SYS GROUP COM 249906108 483,544 -78,566 13,733
2017-11-14 2017-09-30 13F DESCARTES SYS GROUP COM 249906108 562,110 9,701 1.76 15,374 14.30 0.0046
2017-08-11 2017-06-30 13F DESCARTES SYS GROUP COM 249906108 552,409 -80,619 -12.74 13,451 -7.21 0.0041
2017-05-22 2017-03-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 633,028 348,754 122.68 14,496 138.30 0.0045
2017-05-12 2017-03-31 13F DESCARTES SYS GROUP COM 249906108 633,028 14,496
2017-02-22 2016-12-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 284,274 126,201 79.84 6,083 78.81 0.0020
2017-02-13 2016-12-31 13F DESCARTES SYS GROUP COM 249906108 284,274 6,083
2016-11-10 2016-09-30 13F DESCARTES SYS GROUP COM 249906108 158,073 40,378 34.31 3,402 51.40 0.0012
2016-08-12 2016-06-30 13F DESCARTES SYS GROUP COM 249906108 117,695 100,200 572.74 2,247 558.94 0.0008
2016-05-12 2016-03-31 13F DESCARTES SYS GROUP COM 249906108 17,495 -22,000 -55.70 341 -57.05 0.0001
2016-02-09 2015-12-31 13F DESCARTES SYS GROUP COM 249906108 39,495 -34,863 -46.89 794 -39.67 0.0003
2016-02-08 2015-09-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 74,358 21,773 41.41 1,316 55.37 0.0005
2015-11-09 2015-09-30 13F DESCARTES SYS GROUP COM 249906108 74,358 1,316
2015-08-12 2015-06-30 13F DESCARTES SYS GROUP COM 249906108 52,585 -62,810 -54.43 847 -51.29 0.0003
2015-05-14 2015-03-31 13F DESCARTES SYS GROUP COM 249906108 115,395 35,895 45.15 1,739 47.75 0.0006
2015-02-13 2014-12-31 13F DESCARTES SYS GROUP COM 249906108 79,500 74,373 1,450.61 1,177 1,557.75 0.0004
2014-12-16 2014-09-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 5,127 3,085 151.08 71 144.83 0.0000
2014-11-14 2014-09-30 13F DESCARTES SYS GROUP COM 249906108 5,127 71
2014-05-13 2014-03-31 13F DESCARTES SYS GROUP COM 249906108 2,042 -28,858 -93.39 29 -92.98 0.0000
2014-02-13 2013-12-31 13F DESCARTES SYS GROUP COM 249906108 30,900 30,900 413 0.0002
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.