The Descartes Systems Group Inc.
DE ˙ DB ˙ CA2499061083
63,35 € ↓ -4,80 (-7,04%)
2026-06-03
AKTIENPREIS
SecurityDE:DC2 / The Descartes Systems Group Inc.
InstitutionNorges Bank
Latest Disclosed Ownership1,144,488 shares
Latest Disclosed Value $ 100,404,802
Norges Bank ownership in DC2 / The Descartes Systems Group Inc.

On February 10, 2026 - Norges Bank filed a 13F-HR form disclosing ownership of 1,144,488 shares of The Descartes Systems Group Inc. (DE:DC2) valued at $85,436,029 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 0 shares of The Descartes Systems Group Inc.. The current value of the position is $77,996,857 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)
2026-02-10 2025-12-31 13F DESCARTES SYS GROUP COM 249906108 1,144,488 1,144,488 100,405 0.0107
2025-11-13 2025-09-30 13F DESCARTES SYS GROUP COM 249906108 0 -1,157,701 -100.00 0 -100.00
2025-08-13 2025-06-30 13F DESCARTES SYS GROUP COM 249906108 1,157,701 5,565 0.48 117,678 1.44 0.0147
2026-05-11 2025-03-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 1,152,136 34,183 3.06 116,006 -8.60 0.0163
2025-02-12 2024-12-31 13F DESCARTES SYS GROUP COM 249906108 1,117,953 -15,621 -1.38 126,918 8.82 0.0167
2025-11-12 2024-09-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 1,133,574 9,941 0.88 116,633 7.12 0.0163
2024-08-14 2024-06-30 13F DESCARTES SYS GROUP COM 249906108 1,123,633 16,964 1.53 108,882 7.52 0.0163
2025-05-14 2024-03-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 1,106,669 4,940 0.45 101,271 9.40 0.0160
2024-02-09 2023-12-31 13F DESCARTES SYS GROUP COM 249906108 1,101,729 35,191 3.30 92,571 18.26 0.0162
2024-11-13 2023-09-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 1,066,538 10,738 1.02 78,275 -7.43 0.0159
2024-08-14 2023-06-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 1,055,800 33,633 3.29 84,562 2.51 0.0167
2024-05-15 2023-03-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 1,022,167 24,652 2.47 82,495 18.63 0.0181
2023-02-14 2022-12-31 13F DESCARTES SYS GROUP COM 249906108 997,515 52,492 5.55 69,541 16.04 0.0168
2023-11-13 2022-09-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 945,023 18,879 2.04 59,927 4.13 0.0159
2023-08-14 2022-06-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 926,144 72,240 8.46 57,549 -7.92 0.0149
2023-05-12 2022-03-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 853,904 0 0.00 62,501 -11.57 0.0136
2022-03-09 2021-12-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 853,904 0 0.00 70,678 1.81 0.0145
2022-11-14 2021-09-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 853,904 -70,657 -7.64 69,423 8.59 0.0154
2022-08-15 2021-06-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 924,561 -39,726 -4.12 63,931 8.68 0.0139
2022-05-09 2021-03-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 964,287 -246,928 -20.39 58,826 -16.96 0.0135
2021-03-02 2020-12-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 1,211,215 -77,315 -6.00 70,837 -3.44 0.0165
2021-11-12 2020-09-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 1,288,530 -236,081 -15.48 73,363 -8.85 0.0195
2021-08-13 2020-06-30 13F/A-1 DESCARTES SYS GROUP COM 249906108 1,524,611 -60,696 -3.83 80,490 47.50 0.0232
2021-05-07 2020-03-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 1,585,307 10,136 0.64 54,569 -18.95 0.0194
2020-03-03 2019-12-31 13F/A-1 DESCARTES SYS GROUP COM 249906108 1,575,171 231,554 17.23 67,327 24.05 0.0188
2020-11-13 2019-09-30 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 1,343,617 229,539 20.60 54,272 31.39 0.0166
2020-08-13 2019-06-30 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 1,114,078 100,000 9.86 41,306 12.01 0.0128
2020-05-11 2019-03-31 13F/A-2 DESCARTES SYSTEMS GRP COM 249906108 1,014,078 100,000 10.94 36,876 52.92 0.0119
2019-03-04 2018-12-31 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 914,078 0 0.00 24,114 -22.17 0.0090
2019-12-02 2018-09-30 13F/A-3 DESCARTES SYSTEMS GRP COM 249906108 914,078 -190,464 -17.24 30,981 -13.85 0.0101
2019-12-02 2018-09-30 13F/A-2 DESCARTES SYSTEMS GRP COM 249906108 914,078 -190,464 30,981 0.0101
2019-11-12 2018-09-30 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 914,078 -190,464 30,981 0.0101
2019-08-12 2018-06-30 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 1,104,542 -44,925 -3.91 35,963 9.55 0.0123
2019-05-15 2018-03-31 13F/A-2 DESCARTES SYSTEMS GRP COM 249906108 1,149,467 -9,575 -0.83 32,828 -0.70 0.0119
2018-03-05 2017-12-31 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 1,159,042 314,934 37.31 33,061 43.94 0.0118
2018-11-13 2017-09-30 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 844,108 115,051 15.78 22,968 29.68 0.0087
2018-07-24 2017-06-30 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 729,057 50,478 7.44 17,711 14.24 0.0070
2018-05-11 2017-03-31 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 678,579 158,432 30.46 15,504 39.61 0.0064
2017-03-02 2016-12-31 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 520,147 0 0.00 11,105 4.07 0.0049
2017-11-13 2016-09-30 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 520,147 420,047 419.63 10,671 460.16 0.0050
2017-08-09 2016-06-30 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 100,100 75,100 300.40 1,905 289.57 0.0009
2017-05-10 2016-03-31 13F/A-1 DESCARTES SYSTEMS GRP COM 249906108 25,000 25,000 489 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.