Descartes Systems Group Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:DC2 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
10 Jul 23	Sell€359,716	Allan Brett	Individual		5,000	€71.94
06 Jul 23	Sell€356,316	Allan Brett	Individual		5,000	€71.26

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of DC2?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	989	0.00116%
State or Government	20,613	0.0242%
Individual Insiders	331,980	0.39%
General Public	12,480,463	14.7%
Institutions	72,350,740	84.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 55.76% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.3%	T. Rowe Price Group, Inc.	9,638,462	€850.8m	-13%	0.09%
5.09%	Jarislowsky, Fraser Limited	4,335,250	€382.7m	-2.68%	2.11%
4.52%	Durable Capital Partners, LP	3,853,875	€340.2m	9.15%	2.93%
3.64%	The Vanguard Group, Inc.	3,096,740	€273.3m	1.01%	no data
3.55%	Conestoga Capital Advisors, LLC	3,026,179	€267.1m	0.17%	4.33%
2.84%	Fiera Capital Corporation	2,422,044	€213.8m	9.31%	0.52%
2.75%	PRIMECAP Management Company	2,342,953	€206.8m	-8.64%	0.16%
2.25%	Mackenzie Financial Corporation	1,914,238	€169.0m	8.76%	0.2%
2.02%	Connor, Clark & Lunn Investment Management Ltd.	1,721,851	€152.0m	11.5%	0.68%
1.8%	Invesco Ltd.	1,532,304	€135.3m	1.22%	0.04%
1.77%	BMO Asset Management Corp.	1,505,238	€132.9m	23.2%	0.06%
1.72%	Nationwide Fund Advisors	1,468,407	€129.6m	0%	1.25%
1.61%	Arrowstreet Capital, Limited Partnership	1,373,796	€121.3m	77.2%	0.12%
1.59%	Brown Capital Management, LLC	1,351,615	€119.3m	-12.1%	1.53%
1.29%	Norges Bank Investment Management	1,101,729	€97.2m	10.5%	0.01%
0.97%	Franklin Resources, Inc.	824,690	€72.8m	-34.9%	0.03%
0.91%	TD Asset Management, Inc.	772,483	€68.2m	10.5%	0.06%
0.84%	Riverbridge Partners, LLC	714,925	€63.1m	-1.23%	0.84%
0.84%	Janus Henderson Group plc	714,203	€63.0m	0.33%	0.03%
0.81%	GW&K Investment Management, LLC	687,408	€60.7m	-5.28%	0.58%
0.8%	Lord, Abbett & Co. LLC	678,098	€59.9m	-0.52%	0.21%
0.79%	Credit Suisse Asset Management (Switzerland) Ltd.	676,272	€59.7m	13.5%	0.05%
0.72%	Columbia Management Investment Advisers, LLC	609,581	€53.8m	-17.1%	0.01%
0.67%	Robert W. Baird & Co. Incorporated, Asset Management Arm	570,286	€50.3m	2.78%	0.12%
0.66%	Manulife Asset Management	563,154	€49.7m	6.26%	0.04%