BENTLEY SYS INC BSY
COM CL B · Common Stock · CUSIP 08265T208 · ISIN US08265T2087
Software company for CAD-Design
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersExton, PA
- Founded1984
- Websitebentley.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($19.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $54.15. Options: 12 managers hold calls ($83.4m notional), 8 hold puts ($16.2m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 288 |
| Q4 2022 | 313 |
| Q1 2023 | 319 |
| Q2 2023 | 348 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 170 | 121 |
| Q1 2023 | 183 | 121 |
| Q2 2023 | 222 | 114 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $9.7m | $9.4m | 0.97 |
| Q4 2022 | $2.8m | $4.6m | 1.60 |
| Q1 2023 | $7.1m | $1.4m | 0.20 |
| Q2 2023 | $83.4m | $16.2m | 0.19 |
Biggest buyers
| BlackRock Inc. | Added | +1.9m |
| ALLIANCEBERNSTEIN L.P. | Added | +949.9k |
| VANGUARD GROUP INC | Added | +918.9k |
| AMERIPRISE FINANCIAL INC | Added | +790.7k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +759.5k |
| Baird Financial Group, Inc. | New | +730.4k |
| Creative Planning | Added | +635.7k |
| NORTHERN TRUST CORP | Added | +367.1k |
| AGF MANAGEMENT LTD | New | +346.8k |
| MORGAN STANLEY | Added | +325.5k |
Biggest sellers
| Mizuho Markets Cayman LP | Sold out | -352.0k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -322.6k |
| Polar Asset Management Partners Inc. | Sold out | -252.9k |
| Durable Capital Partners LP | Reduced | -241.9k |
| FMR LLC | Reduced | -241.1k |
| Capital Research Global Investors | Reduced | -234.7k |
| Lombard Odier Asset Management (Europe) Ltd | Reduced | -221.6k |
| Shannon River Fund Management LLC | Sold out | -205.2k |
| Clearbridge Investments, LLC | Reduced | -196.2k |
| Handelsbanken Fonder AB | Reduced | -157.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $37.8m697.9k shares |
| JANE STREET GROUP, LLC | New | $13.0m239.8k shares |
| GROUP ONE TRADING LLC | Added | $9.8m181.1k shares |
| PEAK6 Investments LLC | New | $8.7m161.2k shares |
| CITADEL ADVISORS LLC | Added | $6.4m118.0k shares |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | New | $2.2m40.0k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $1.9m35.0k shares |
| Parallax Volatility Advisers, L.P. | New | $1.1m20.0k shares |
| Walleye Trading LLC | New | $1.0m19.0k shares |
| SIMPLEX TRADING, LLC | Added | $851.0k15.7k shares |
Biggest puts
| Walleye Capital LLC | New | $13.6m250.6k shares |
| SIMPLEX TRADING, LLC | Added | $1.3m23.2k shares |
| CITADEL ADVISORS LLC | Reduced | $623.6k11.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $450.1k8.3k shares |
| GROUP ONE TRADING LLC | New | $200.7k3.7k shares |
| PEAK6 Investments LLC | New | $92.2k1.7k shares |
| Walleye Trading LLC | New | $5.4k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BENTLEY RICHARD P. 13G · exempt (held before listing) filed 2025-02-05 | 62.8% |
| Bentley Corinne Patricia 13G · exempt (held before listing) -2.8 pts · filed 2026-05-15 | 13.2% |
| BlackRock, Inc. 13G · institution -1.2 pts · filed 2026-07-27 | 5.4% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26), KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC (4.4%, 2026-02-13)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 2 | $1.3m | 1 | $3.0m | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 1 | $47.1m | — |
| Q3 2022 | 0 | — | 3 | $22.1m | — |
| Q4 2022 | 0 | — | 3 | $18.2m | — |
| Q1 2023 | 0 | — | 5 | $29.4m | $14.9m |
| Q2 2023 | 0 | — | 4 | $13.5m | $6.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-05 | Griswold Kirk B. Director | Sold plan | $1.8m36.7k shares |
| 2023-05-19 | Cumins Nicholas Chief Operating Officer | Sold | $1.3m28.0k shares |
| 2023-05-10 | BENTLEY GREGORY S Chairman, CEO & President, director | Sold | $5.9m129.7k shares |
| 2023-05-09 | Shaman David R. Chief Legal Officer | Sold plan | $290.8k6.5k shares |
| 2023-04-25 | BENTLEY GREGORY S Chairman, CEO & President, director | Sold plan | $739.4k17.9k shares |
| 2023-04-24 | BENTLEY GREGORY S Chairman, CEO & President, director | Sold plan | $1.9m45.7k shares |
| 2023-04-03 | Griswold Kirk B. Director | Sold plan | $1.5m35.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 21.2m $1.2bn | Added +918.9k |
| BlackRock Inc. 0.02% of their portfolio | 13.4m $727.6m | Added +1.9m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.97% of their portfolio | 12.9m $701.6m | Added +308.7k |
| Artisan Partners Limited Partnership 0.47% of their portfolio | 5.3m $289.9m | Added +97.8k |
| STATE STREET CORP 0.01% of their portfolio | 3.8m $206.9m | Added +186.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.2m $171.2m | Added +224.1k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 2.1m $116.4m | Added +15.7k |
| NORGES BANK 0.02% of their portfolio | 1.7m $91.4m | Added +88.9k |
| BROWN ADVISORY INC 0.13% of their portfolio | 1.6m $84.1m | Reduced -48.8k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.5m $82.7m | Added +367.1k |
| TimesSquare Capital Management, LLC 1.17% of their portfolio | 1.5m $81.6m | Reduced -26.8k |
| Clearbridge Investments, LLC 0.07% of their portfolio | 1.4m $78.5m | Reduced -196.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.4m $76.5m | Added +759.5k |
| Durable Capital Partners LP 0.63% of their portfolio | 1.3m $71.8m | Reduced -241.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.2m $66.8m | Added +4.3k |
| Korea Investment CORP 0.17% of their portfolio | 1.1m $60.8m | Reduced -11.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.1m $60.3m | Added +30.2k |
| RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio | 1.1m $57.5m | Added +18.4k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.0m $55.9m | Added +949.9k |
| AXA S.A. 0.19% of their portfolio | 1.0m $55.9m | Reduced -8.1k |
| Capital Research Global Investors 0.01% of their portfolio | 979.0k $53.1m | Reduced -234.7k |
| DekaBank Deutsche Girozentrale 0.11% of their portfolio | 947.4k $50.4m | Added +22.5k |
| MORGAN STANLEY 0.00% of their portfolio | 845.2k $45.8m | Added +325.5k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 838.8k $45.5m | Added +26.0k |
| Swiss National Bank 0.03% of their portfolio | 808.7k $43.9m | Added +41.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 807.2k $43.8m | Added +790.7k |
| Legal & General Group Plc 0.01% of their portfolio | 804.4k $43.6m | Added +182.3k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 791.9k $42.9m | Reduced -37.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 762.1k $41.3m | Added +17.1k |
| Baird Financial Group, Inc. 0.10% of their portfolio | 730.4k $39.6m | New |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 697.4k $37.8m | Added +258.6k |
| Creative Planning 0.05% of their portfolio | 649.5k $35.2m | Added +635.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 639.8k $34.7m | Reduced -322.6k |
| Handelsbanken Fonder AB 0.18% of their portfolio | 636.3k $34.5m | Reduced -157.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 581.6k $25.0m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 571.3k $31.0m | Added +109.8k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 532.6k $28.9m | Added +44.6k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 517.8k $28.1m | Added +292.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 509.2k $27.6m | Added +82.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 502.9k $27.3m | Added +274.1k |
| Woodline Partners LP 0.32% of their portfolio | 495.5k $26.9m | Added +100.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 481.7k $26.1m | Reduced -1.4k |
| Invesco Ltd. 0.01% of their portfolio | 464.4k $25.2m | Added +111.9k |
| Robeco Schweiz AG 0.36% of their portfolio | 448.8k $24.3m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 431.8k $23.2m | Reduced -30.4k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 427.9k $23.2m | Added +6.2k |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 424.3k $23.0m | Reduced -811 |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 414.2k $22.5m | Added +7.0k |
| MIZUHO MARKETS AMERICAS LLC 1.51% of their portfolio | 380.0k $20.6m | Added +28.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 378.0k $20.5m | Added +5.7k |
| NOMURA ASSET MANAGEMENT CO LTD 0.09% of their portfolio | 365.6k $19.8m | Added +90.3k |
| NATIXIS ADVISORS, LLC 0.06% of their portfolio | 348.8k $18.9m | Reduced -212 |
| AGF MANAGEMENT LTD 0.14% of their portfolio | 346.8k $18.8m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 345.9k $18.8m | Added +24.4k |
| BARCLAYS PLC 0.01% of their portfolio | 327.6k $17.8m | Added +35.2k |
| California Public Employees Retirement System 0.02% of their portfolio | 323.2k $17.5m | Added +221 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 312.8k $17.0m | Added +208.7k |
| PICTET ASSET MANAGEMENT SA 0.02% of their portfolio | 294.3k $16.0m | Reduced -142.3k |
| LORD, ABBETT & CO. LLC 0.03% of their portfolio | 290.7k $15.8m | Added +94.6k |
| Bridgewater Associates, LP 0.10% of their portfolio | 290.4k $15.7m | Added +15.9k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 281.7k $15.4m | Added +166.6k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 279.0k $15.1m | Added +56.1k |
| Handelsinvest Investeringsforvaltning 2.75% of their portfolio | 257.0k $13.9m | Reduced -44.5k |
| KBC Group NV 0.06% of their portfolio | 256.6k $13.9m | Added +15.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 252.4k $13.7m | Added +50.4k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 244.3k $13.2m | Added +68.8k |
| Lombard Odier Asset Management (Europe) Ltd 0.60% of their portfolio | 228.5k $12.4m | Reduced -221.6k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.11% of their portfolio | 224.2k $12.2m | Reduced -82.8k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 223.1k $12.1m | Added +14.9k |
| NOMURA HOLDINGS INC 0.12% of their portfolio | 222.2k $12.0m | Added +36.8k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.19% of their portfolio | 218.0k $11.8m | Reduced -20.9k |
| FRED ALGER MANAGEMENT, LLC 0.06% of their portfolio | 214.4k $11.6m | Reduced -109.5k |
| Candriam S.C.A. 0.08% of their portfolio | 201.1k $10.9m | Reduced -14.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 196.7k $10.7m | Reduced -6.2k |
| TRUIST FINANCIAL CORP 0.02% of their portfolio | 196.0k $10.6m | Added +15.1k |
| Legacy Advisors, LLC 1.57% of their portfolio | 195.0k $10.6m | Reduced -371 |
| APG Asset Management N.V. 0.02% of their portfolio | 194.3k $9.7m | Added +19.3k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 189.3k $10.3m | Added +20.6k |
| Janney Montgomery Scott LLC 0.04% of their portfolio | 187.6k $10.2m | Added +4.8k |
| Vestmark Advisory Solutions, Inc. 0.39% of their portfolio | 186.6k $10.1m | Added +4.8k |
| Advisors Capital Management, LLC 0.22% of their portfolio | 172.7k $9.4m | Added +2.6k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 171.8k $9.3m | Reduced -13.4k |
| FMR LLC 0.00% of their portfolio | 167.8k $9.1m | Reduced -241.1k |
| Swedbank AB 0.02% of their portfolio | 165.2k $9.0m | Added +139.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 151.1k $8.2m | Added +13.9k |
| PICTON MAHONEY ASSET MANAGEMENT 0.40% of their portfolio | 149.3k $8.1m | Added +30.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 148.3k $8.0m | Added +9.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 124.1k $6.7m | Added +12.0k |
| State of New Jersey Common Pension Fund D 0.02% of their portfolio | 123.5k $6.7m | Added +13.3k |
| OSTERWEIS CAPITAL MANAGEMENT INC 0.42% of their portfolio | 116.7k $6.3m | Reduced -21.2k |
| Montanaro Asset Management Ltd 1.00% of their portfolio | 116.2k $6.3m | Added +17.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 111.2k $6.0m | Added +71.2k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 107.5k $5.8m | Added +53.8k |
| Mn Services Vermogensbeheer B.V. 0.05% of their portfolio | 106.7k $5.8m | Added +13.6k |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 101.5k $5.5m | Reduced -154 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 99.8k $5.4m | Added +87.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 94.0k $5.1m | Added +2.3k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 93.8k $5.1m | Added +29.3k |
| Amundi 0.00% of their portfolio | 91.1k $4.8m | Added +28.0k |
| Lisanti Capital Growth, LLC 0.68% of their portfolio | 90.7k $4.9m | New |