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 ($33.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.35. Options: 10 managers hold calls ($19.7m notional), 6 hold puts ($3.0m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 288 |
| Q4 2022 | 313 |
| Q1 2023 | 319 |
| Q2 2023 | 348 |
| Q3 2023 | 343 |
| Q4 2023 | 382 |
| Q1 2024 | 381 |
| Q2 2024 | 421 |
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 |
| Q3 2023 | 182 | 160 |
| Q4 2023 | 206 | 147 |
| Q1 2024 | 190 | 187 |
| Q2 2024 | 236 | 171 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $65.8m | $5.5m | 0.08 |
| Q4 2023 | $8.2m | $2.3m | 0.27 |
| Q1 2024 | $20.1m | $496.0k | 0.02 |
| Q2 2024 | $19.7m | $3.0m | 0.15 |
Biggest buyers
| Swedbank AB | Added | +3.5m |
| Pictet Asset Management Holding SA | Added | +1.6m |
| BlackRock Inc. | Added | +1.5m |
| AXA S.A. | Added | +1.3m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +850.5k |
| JPMORGAN CHASE & CO | Added | +772.9k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Added | +586.5k |
| GOLDMAN SACHS GROUP INC | Added | +571.8k |
| Creative Planning | Added | +441.3k |
| Copeland Capital Management, LLC | New | +425.0k |
Biggest sellers
| VANGUARD GROUP INC | Reduced | -4.3m |
| MORGAN STANLEY | Reduced | -1.7m |
| Artisan Partners Limited Partnership | Reduced | -1.4m |
| BROWN ADVISORY INC | Sold out | -646.6k |
| Woodline Partners LP | Sold out | -501.4k |
| Nuveen Asset Management, LLC | Reduced | -351.2k |
| California Public Employees Retirement System | Reduced | -315.7k |
| NEW YORK STATE COMMON RETIREMENT FUND | Reduced | -275.0k |
| STATE STREET CORP | Reduced | -225.6k |
| Balyasny Asset Management L.P. | Reduced | -212.1k |
Biggest calls
| UBS Group AG | New | $4.1m84.0k shares |
| JANE STREET GROUP, LLC | Reduced | $3.2m64.0k shares |
| CITADEL ADVISORS LLC | Reduced | $2.8m56.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.7m53.9k shares |
| NOMURA HOLDINGS INC | New | $2.5m50.3k shares |
| MILLENNIUM MANAGEMENT LLC | New | $2.3m47.4k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $1.5m31.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $325.0k6.6k shares |
| GROUP ONE TRADING LLC | Added | $251.7k5.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| MILLENNIUM MANAGEMENT LLC | New | $2.4m47.8k shares |
| CITADEL ADVISORS LLC | Added | $365.3k7.4k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $256.7k5.2k shares |
| SIMPLEX TRADING, LLC | Added | $29.0k600 shares |
| GROUP ONE TRADING LLC | New | $9.9k200 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 2024
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 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 |
| Q3 2023 | 0 | — | 2 | $18.4m | $18.4m |
| Q4 2023 | 0 | — | 1 | $16.0m | $16.0m |
| Q1 2024 | 0 | — | 1 | $35.2m | $35.2m |
| Q2 2024 | 0 | — | 2 | $16.9m | $16.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-04 | Campbell Michael M Chief Product Officer | Sold plan | $164.1k3.3k shares |
| 2024-06-03 | Campbell Michael M Chief Product Officer | Sold plan | $206.6k4.2k shares |
| 2024-05-10 | Bentley Keith A. Director | Sold plan | $5.8m104.6k shares |
| 2024-05-09 | Bentley Keith A. Director | Sold plan | $3.3m59.4k shares |
| 2024-05-07 | Bentley Keith A. Director | Sold plan | $6.5m118.9k shares |
| 2024-04-23 | Bentley Keith A. Director | Sold plan | $936.2k17.0k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 18.0m $887.9m | Reduced -4.3m |
| BlackRock Inc. 0.02% of their portfolio | 15.9m $786.8m | Added +1.5m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.90% of their portfolio | 15.8m $778.8m | Added +586.5k |
| Pictet Asset Management Holding SA 0.30% of their portfolio | 5.2m $257.9m | Added +1.6m |
| Swedbank AB 0.27% of their portfolio | 4.1m $204.1m | Added +3.5m |
| STATE STREET CORP 0.01% of their portfolio | 4.0m $197.1m | Reduced -225.6k |
| Artisan Partners Limited Partnership 0.29% of their portfolio | 3.8m $189.3m | Reduced -1.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.8m $185.3m | Reduced -110.7k |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 3.2m $158.2m | Reduced -6.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.9m $140.8m | Added +772.9k |
| AXA S.A. 0.19% of their portfolio | 2.6m $127.9m | Added +1.3m |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 2.6m $126.0m | Added +113.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.8m $89.7m | Added +99.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.5m $73.4m | Added +52.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.5m $72.5m | Added +30.4k |
| RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio | 1.3m $64.1m | Added +87.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 1.2m $60.8m | Added +85.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.10% of their portfolio | 1.2m $59.8m | Added +850.5k |
| TimesSquare Capital Management, LLC 0.87% of their portfolio | 1.1m $55.4m | Reduced -194.1k |
| Creative Planning 0.06% of their portfolio | 1.1m $53.9m | Added +441.3k |
| Baird Financial Group, Inc. 0.10% of their portfolio | 1.0m $49.8m | Reduced -67.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 974.0k $48.1m | Reduced -62.5k |
| Handelsbanken Fonder AB 0.20% of their portfolio | 933.0k $46.1m | Reduced -113.2k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 882.1k $43.5m | Reduced -58.8k |
| MORGAN STANLEY 0.00% of their portfolio | 830.2k $41.0m | Reduced -1.7m |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 814.3k $40.2m | Added +83.8k |
| California Public Employees Retirement System 0.03% of their portfolio | 783.0k $38.6m | Reduced -315.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 776.2k $38.3m | Added +68.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 775.1k $38.3m | Added +571.8k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 757.1k $37.4m | Added +132.3k |
| Capital Research Global Investors 0.01% of their portfolio | 687.5k $33.9m | Unchanged |
| Legal & General Group Plc 0.01% of their portfolio | 560.0k $27.6m | Reduced -65.5k |
| Korea Investment CORP 0.07% of their portfolio | 557.6k $27.5m | Reduced -31.3k |
| DekaBank Deutsche Girozentrale 0.05% of their portfolio | 543.6k $26.8m | Added +2.9k |
| Bridgewater Associates, LP 0.13% of their portfolio | 523.3k $25.8m | Added +132.9k |
| MIZUHO MARKETS AMERICAS LLC 0.71% of their portfolio | 520.7k $25.7m | Added +97.0k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 494.7k $24.4m | Added +420.9k |
| Swiss National Bank 0.02% of their portfolio | 467.5k $23.1m | Reduced -171.2k |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 461.3k $22.8m | Added +1.9k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 446.5k $22.0m | Reduced -351.2k |
| Candriam S.C.A. 0.13% of their portfolio | 425.0k $21.0m | Added +84.3k |
| Copeland Capital Management, LLC 0.39% of their portfolio | 425.0k $21.0m | New |
| Squarepoint Ops LLC 0.08% of their portfolio | 413.3k $20.4m | New |
| Thematics Asset Management 0.83% of their portfolio | 411.1k $20.3m | New |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 398.8k $19.7m | Added +333.8k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 387.0k $19.1m | Reduced -36.8k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 381.6k $18.8m | Added +11.4k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 368.0k $18.5m | Added +47.8k |
| Robeco Schweiz AG 0.34% of their portfolio | 358.8k $17.7m | Reduced -35.0k |
| Invesco Ltd. 0.00% of their portfolio | 351.4k $17.3m | Reduced -42.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 350.3k $17.3m | Reduced -50.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 332.5k $16.4m | Reduced -117.5k |
| NOMURA HOLDINGS INC 0.10% of their portfolio | 323.1k $15.9m | Added +19.8k |
| Montanaro Asset Management Ltd 2.80% of their portfolio | 304.7k $15.0m | Reduced -9.1k |
| BARCLAYS PLC 0.01% of their portfolio | 301.6k $14.9m | Reduced -29.5k |
| LPL Financial LLC 0.01% of their portfolio | 296.5k $14.6m | Added +13.6k |
| AGF MANAGEMENT LTD 0.07% of their portfolio | 265.6k $13.1m | Reduced -206.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 259.9k $12.8m | Reduced -275.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 255.2k $12.6m | Reduced -53.1k |
| Empire Life Investments Inc. 0.79% of their portfolio | 254.6k $12.6m | Reduced -10.1k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 247.1k $12.2m | Added +94.6k |
| ExodusPoint Capital Management, LP 0.13% of their portfolio | 242.4k $12.0m | Added +123.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 221.5k $10.9m | Added +114.1k |
| APG Asset Management N.V. 0.02% of their portfolio | 216.1k $10.0m | Reduced -1.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 216.0k $10.7m | Reduced -69.0k |
| KBC Group NV 0.03% of their portfolio | 207.5k $10.2m | Reduced -11.7k |
| Advisors Capital Management, LLC 0.18% of their portfolio | 204.4k $10.1m | Added +4.9k |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 204.3k $10.1m | Reduced -691 |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 202.9k $10.0m | Reduced -54.2k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.09% of their portfolio | 200.4k $9.9m | Added +80.0k |
| TRUIST FINANCIAL CORP 0.01% of their portfolio | 198.2k $9.8m | Reduced -14.6k |
| Legacy Advisors, LLC 1.16% of their portfolio | 192.7k $9.5m | Reduced -1.5k |
| Amundi 0.00% of their portfolio | 188.1k $9.3m | Added +58.5k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 179.7k $8.9m | Reduced -32.0k |
| Gratus Capital, LLC 0.34% of their portfolio | 171.9k $8.5m | Added +203 |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 169.7k $8.4m | Added +6.4k |
| Concurrent Investment Advisors, LLC 0.26% of their portfolio | 159.1k $7.9m | Added +1.6k |
| MIROVA 1.40% of their portfolio | 155.4k $7.7m | Reduced -2.9k |
| GENEVA CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 151.3k $7.5m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 148.8k $7.3m | Added +9.9k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 147.0k $7.3m | Reduced -11.1k |
| Clearline Capital LP 0.61% of their portfolio | 141.8k $7.0m | New |
| COMMERCE BANK 0.05% of their portfolio | 141.1k $7.0m | Added +58.1k |
| Rockefeller Capital Management L.P. 0.02% of their portfolio | 131.0k $6.5m | Added +3.0k |
| UBS Group AG 0.00% of their portfolio | 129.8k $6.4m | Reduced -12.5k |
| HRT FINANCIAL LP 0.03% of their portfolio | 120.2k $5.9m | Added +114.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 120.1k $5.9m | Added +332 |
| CITIGROUP INC 0.01% of their portfolio | 118.3k $5.8m | Added +15.4k |
| NewEdge Wealth, LLC 0.12% of their portfolio | 116.8k $5.8m | Added +2.5k |
| Vestmark Advisory Solutions, Inc. 0.24% of their portfolio | 116.2k $5.7m | Added +4.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% of their portfolio | 114.7k $5.7m | Reduced -195.5k |
| NATIXIS 0.03% of their portfolio | 107.2k $5.3m | New |
| DARK FOREST CAPITAL MANAGEMENT LP 0.96% of their portfolio | 105.8k $5.2m | Added +87.9k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.12% of their portfolio | 105.7k $5.2m | Added +49.1k |
| FORSTA AP-FONDEN 0.04% of their portfolio | 102.3k $5.0m | Added +38.8k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 102.0k $5.0m | Reduced -12.9k |
| TOWNSQUARE CAPITAL LLC 0.06% of their portfolio | 95.9k $4.7m | Added +7.6k |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 93.0k $4.6m | Reduced -2.9k |
| ECOFI INVESTISSEMENTS SA 2.35% of their portfolio | 92.2k $4.2m | First filing |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 92.0k $4.5m | Added +2.4k |