Dixon Mitchell Investment Counsel Buys the Dip: Adds $23 Million of Descartes Systems

1 month ago 22

Josh Kohn-Lindquist, The Motley Fool

Wed, December 10, 2025 astatine 11:10 AM CST 5 min read

Dixon Mitchell added 255,154 shares, raising the position’s worth by $23.42 million.
The transaction represented a 0.93% summation comparative to reportable AUM.
Post-trade holding: 339,370 shares valued astatine $31.96 million.
The presumption present accounts for 1.14% of money AUM.
These 10 stocks could mint the adjacent question of millionaires ›

On Nov. 13, 2025, Dixon Mitchell Investment Counsel Inc. disclosed a bargain of 255,154 shares successful The Descartes Systems Group (NASDAQ:DSGX), expanding its involvement by an estimated $23.42 million.

According to a filing with the Securities and Exchange Commission dated Nov. 13, 2025, Dixon Mitchell Investment Counsel accrued its holdings successful Descartes Systems during the 3rd quarter.

The money acquired 255,154 further shares, bringing its full presumption to 339,370 shares, worthy astir $31.96 cardinal arsenic of Sept. 30, 2025.

The steadfast reported 75 full positions successful the filing.

Dixon Mitchell bought much shares, and the Descartes involvement present represents 1.1% of 13F reportable AUM.

Top holdings aft the filing:

iShares Core MSCI EAFE ETF (NYSEMKT:IEFA): $248,057,227 (8.8% of AUM)
Microsoft (NASDAQ:MSFT): $147,681,530 (5.3% of AUM)
Alphabet (NASDAQ:GOOGL): $134,148,500 (4.8% of AUM)
Toronto-Dominion Bank (NYSE:TD): $132,087,137 (4.7% of AUM)
Royal Bank of Canada (NYSE:RY): $131,264,269 (4.7% of AUM)

As of Dec. 9, 2025, shares were priced astatine $91.79, down 26% from 1 twelvemonth earlier, underperforming the S&P 500 by 46 percent points.

Metric

Value

Price (as of marketplace adjacent December 9, 2025)	$91.79
Market capitalization	$7.89 billion
Revenue (TTM)	$703.71 million
Net income (TTM)	$155.53 million

The Descartes Systems Group:

Provides cloud-based logistics and proviso concatenation absorption solutions, including routing, proscription management, customs compliance, and e-commerce warehouse management.
Operates a modular, software-as-a-service (SaaS) concern exemplary for its logistics exertion level and related services.
Serves proscription providers, logistics work providers, manufacturers, retailers, distributors, and different distribution-intensive enterprises globally.

Descartes is simply a starring supplier of SaaS-based logistics and proviso concatenation absorption solutions, leveraging a modular exertion level to streamline analyzable logistics operations.

The institution focuses connected enhancing operational ratio and regulatory compliance for logistics-intensive businesses worldwide.

Its scale, recurring gross model, and broad suite of interoperable applications supply a competitory borderline successful the planetary logistics exertion market.