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 ($36.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $53.95. Options: 13 managers hold calls ($61.2m notional), 10 hold puts ($17.5m).
Trends to Q2 2025
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 |
| Q3 2024 | 415 |
| Q4 2024 | 436 |
| Q1 2025 | 437 |
| Q2 2025 | 455 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 182 | 160 |
| Q4 2023 | 206 | 147 |
| Q1 2024 | 190 | 187 |
| Q2 2024 | 236 | 171 |
| Q3 2024 | 209 | 205 |
| Q4 2024 | 172 | 227 |
| Q1 2025 | 216 | 220 |
| Q2 2025 | 240 | 216 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $26.4m | $1.5m | 0.06 |
| Q4 2024 | $28.1m | $569.7k | 0.02 |
| Q1 2025 | $10.3m | $1.3m | 0.13 |
| Q2 2025 | $61.2m | $17.5m | 0.29 |
Biggest buyers
| BlackRock, Inc. | Added | +4.4m |
| MORGAN STANLEY | Added | +2.9m |
| Bank of New York Mellon Corp | Added | +2.1m |
| ROYAL BANK OF CANADA | Added | +1.8m |
| NORGES BANK | Added | +994.1k |
| BANK OF AMERICA CORP /DE/ | Added | +687.8k |
| MARSHALL WACE, LLP | Added | +499.0k |
| STATE STREET CORP | Added | +309.2k |
| Walleye Trading LLC | Added | +262.7k |
| Fiera Capital Corp | Added | +258.2k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.5m |
| VANGUARD GROUP INC | Reduced | -1.2m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -956.6k |
| Qube Research & Technologies Ltd | Reduced | -927.4k |
| D. E. Shaw & Co., Inc. | Reduced | -686.3k |
| Sone Capital Management, LLC | Sold out | -622.4k |
| UBS Group AG | Reduced | -456.5k |
| ExodusPoint Capital Management, LP | Reduced | -331.8k |
| SG Americas Securities, LLC | Reduced | -321.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -289.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $26.5m490.5k shares |
| NOMURA HOLDINGS INC | New | $12.4m230.0k shares |
| JANE STREET GROUP, LLC | Added | $3.9m72.7k shares |
| GROUP ONE TRADING LLC | New | $3.7m68.5k shares |
| MIZUHO MARKETS AMERICAS LLC | New | $2.7m99.1k shares |
| Balyasny Asset Management L.P. | New | $2.7m50.0k shares |
| PEAK6 LLC | New | $2.6m47.8k shares |
| CITADEL ADVISORS LLC | Reduced | $2.4m44.6k shares |
| SIMPLEX TRADING, LLC | Added | $1.9m34.9k shares |
| WOLVERINE TRADING, LLC | New | $1.3m24.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $4.8m88.2k shares |
| PEAK6 LLC | New | $3.8m70.6k shares |
| Walleye Trading LLC | New | $2.6m48.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $1.9m34.3k shares |
| Parallax Volatility Advisers, L.P. | New | $1.1m20.0k shares |
| GROUP ONE TRADING LLC | New | $955.3k17.7k shares |
| IMC-Chicago, LLC | New | $955.3k17.7k shares |
| WOLVERINE TRADING, LLC | New | $742.2k14.1k shares |
| SIMPLEX TRADING, LLC | New | $728.0k13.5k 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 2025
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 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 |
| Q3 2024 | 0 | — | 3 | $40.1m | $40.1m |
| Q4 2024 | 0 | — | 1 | $14.7m | $14.7m |
| Q1 2025 | 0 | — | 3 | $5.8m | $5.8m |
| Q2 2025 | 0 | — | 2 | $50.9m | $50.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-20 | Bentley Raymond B. Director | Sold plan | $6.2m122.1k shares |
| 2025-06-18 | Bentley Raymond B. Director | Sold plan | $12.6m249.7k shares |
| 2025-06-17 | Bentley Raymond B. Director | Sold plan | $13.7m273.1k shares |
| 2025-06-16 | Bentley Raymond B. Director | Sold plan | $17.7m355.1k shares |
| 2025-05-07 | Ballard Brock Chief Revenue Officer | Sold plan | $557.3k12.4k 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 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 18.3m $986.5m | Added +4.4m |
| VANGUARD GROUP INC 0.01% of their portfolio | 16.8m $907.5m | Reduced -1.2m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.96% of their portfolio | 15.2m $820.9m | Reduced -956.6k |
| Swedbank AB 0.43% of their portfolio | 7.1m $382.6m | First filing |
| MORGAN STANLEY 0.01% of their portfolio | 4.2m $224.8m | Added +2.9m |
| Pictet Asset Management Holding SA 0.20% of their portfolio | 3.7m $199.3m | Reduced -202.4k |
| STATE STREET CORP 0.01% of their portfolio | 3.6m $196.5m | Added +309.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.2m $173.9m | Added +155.1k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 3.1m $165.3m | Added +2.1m |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 2.4m $131.0m | Added +1.8m |
| Impax Asset Management Group plc 0.73% of their portfolio | 2.4m $126.6m | Reduced -52.0k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 2.3m $123.9m | Reduced -135.3k |
| BESSEMER GROUP INC 0.17% of their portfolio | 2.0m $105.3m | Added +68.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.8m $97.3m | Reduced -36.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.6m $87.5m | Added +208.3k |
| AXA S.A. 0.24% of their portfolio | 1.5m $83.4m | Reduced -16.1k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 1.4m $75.3m | Reduced -52.5k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.3m $70.9m | Added +687.8k |
| MACQUARIE GROUP LTD 0.08% of their portfolio | 1.2m $66.6m | Added +256.8k |
| Fiera Capital Corp 0.22% of their portfolio | 1.2m $64.0m | Added +258.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.1m $61.9m | Added +252.3k |
| Creative Planning 0.05% of their portfolio | 1.1m $61.9m | Reduced -209.4k |
| TimesSquare Capital Management, LLC 0.82% of their portfolio | 1.1m $57.2m | Reduced -38.7k |
| NORGES BANK 0.01% of their portfolio | 1.0m $56.5m | Added +994.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.0m $55.7m | Reduced -3.6k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 994.2k $53.6m | Added +59.6k |
| Skandinaviska Enskilda Banken AB (publ) 0.22% of their portfolio | 921.5k $49.8m | Added +117.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 903.0k $48.7m | Reduced -50.9k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 831.9k $44.9m | Added +3.0k |
| Legal & General Group Plc 0.01% of their portfolio | 763.2k $41.2m | Added +38.5k |
| UBS Group AG 0.01% of their portfolio | 658.1k $35.5m | Reduced -456.5k |
| Handelsbanken Fonder AB 0.12% of their portfolio | 621.9k $33.6m | Reduced -1.7k |
| Copeland Capital Management, LLC 0.67% of their portfolio | 603.5k $32.6m | Reduced -31.8k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 553.5k $29.9m | Added +499.0k |
| DekaBank Deutsche Girozentrale 0.05% of their portfolio | 540.7k $29.2m | Added +91 |
| California Public Employees Retirement System 0.02% of their portfolio | 539.4k $29.1m | Reduced -123.2k |
| CITIGROUP INC 0.02% of their portfolio | 535.5k $28.9m | Added +208.5k |
| Thematics Asset Management 1.29% of their portfolio | 531.5k $28.7m | Unchanged |
| FEDERATED HERMES, INC. 0.05% of their portfolio | 519.0k $28.0m | Added +113.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 490.5k $26.5m | Reduced -236.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.06% of their portfolio | 488.2k $26.3m | Added +211.2k |
| Swiss National Bank 0.02% of their portfolio | 485.4k $26.2m | Added +35.8k |
| Montanaro Asset Management Ltd 6.08% of their portfolio | 436.9k $23.6m | Added +127.7k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 419.3k $22.6m | Reduced -15.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 399.8k $21.6m | Added +112.3k |
| Invesco Ltd. 0.00% of their portfolio | 375.1k $20.2m | Added +9.6k |
| COOPER INVESTORS PTY LTD 3.61% of their portfolio | 367.5k $19.8m | Added +246.4k |
| Pacer Advisors, Inc. 0.05% of their portfolio | 354.7k $19.1m | Added +226.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 353.9k $19.1m | Added +81.9k |
| BARCLAYS PLC 0.01% of their portfolio | 351.6k $19.0m | Added +60.2k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 349.5k $18.9m | Reduced -218.1k |
| BLI - Banque de Luxembourg Investments 0.53% of their portfolio | 349.1k $18.4m | Reduced -19.9k |
| Nuveen, LLC 0.01% of their portfolio | 346.7k $18.7m | Added +44.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 334.4k $18.0m | Added +11.0k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 319.0k $17.2m | Added +15.2k |
| FMR LLC 0.00% of their portfolio | 296.8k $16.0m | Added +257.4k |
| Robeco Schweiz AG 0.37% of their portfolio | 296.7k $16.0m | Reduced -10.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 295.0k $15.9m | Added +51.4k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.08% of their portfolio | 283.7k $15.3m | Added +148.6k |
| KBC Group NV 0.04% of their portfolio | 278.4k $15.0m | Added +18.1k |
| Walleye Trading LLC 0.36% of their portfolio | 272.3k $14.7m | Added +262.7k |
| LBP AM SA 0.20% of their portfolio | 266.3k $14.4m | Reduced -63.2k |
| MIROVA 2.02% of their portfolio | 265.8k $14.3m | Added +90.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 259.4k $14.0m | Added +10.6k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 256.5k $13.8m | Added +57.4k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.36% of their portfolio | 248.2k $13.4m | Reduced -38.1k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 225.2k $12.2m | Reduced -686.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 218.8k $11.8m | Added +27.6k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 217.9k $11.8m | Added +27.9k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 206.8k $11.2m | Added +198.8k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 205.7k $11.1m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 205.6k $11.1m | Added +111.5k |
| BAR HARBOR WEALTH MANAGEMENT 0.68% of their portfolio | 196.5k $10.6m | Added +6.0k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 194.3k $10.5m | Added +159 |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 191.0k $10.3m | Reduced -177.2k |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 185.5k $10.0m | Reduced -4.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 174.8k $9.4m | Reduced -289.7k |
| Amundi 0.00% of their portfolio | 166.7k $9.0m | Added +46.1k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 160.6k $8.7m | Added +79.3k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 155.6k $8.4m | Reduced -1.5m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 155.3k $8.4m | Reduced -44.6k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 152.7k $8.2m | Added +9.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 151.6k $8.2m | Added +1.3k |
| TRUIST FINANCIAL CORP 0.01% of their portfolio | 151.3k $8.2m | Reduced -3.4k |
| LPL Financial LLC 0.00% of their portfolio | 150.9k $8.1m | Reduced -29.4k |
| Candriam S.C.A. 0.05% of their portfolio | 150.2k $8.1m | Reduced -110.3k |
| Lighthouse Investment Partners, LLC 0.34% of their portfolio | 145.0k $7.8m | Reduced -24.8k |
| Concentric Capital Strategies, LP 0.43% of their portfolio | 142.1k $7.7m | New |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 141.6k $7.6m | Added +65.6k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 140.8k $7.6m | Reduced -19.7k |
| COMMERCE BANK 0.04% of their portfolio | 138.0k $7.4m | Reduced -6.9k |
| READYSTATE ASSET MANAGEMENT LP 0.31% of their portfolio | 137.2k $7.4m | New |
| Vestmark Advisory Solutions, Inc. 0.11% of their portfolio | 136.3k $7.4m | Reduced -122.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 132.5k $7.1m | Reduced -313 |
| GENEVA CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 132.4k $7.1m | Added +7.8k |
| NewEdge Wealth, LLC 0.11% of their portfolio | 128.1k $6.9m | Reduced -1.4k |
| Concurrent Investment Advisors, LLC 0.13% of their portfolio | 125.7k $6.8m | Reduced -15.0k |
| FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 0.06% of their portfolio | 117.9k $6.4m | Added +68.3k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.25% of their portfolio | 113.8k $6.1m | Reduced -22.7k |
| Holocene Advisors, LP 0.01% of their portfolio | 110.6k $6.0m | Reduced -81.6k |