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 ($28.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.12. Options: 10 managers hold calls ($11.0m notional), 6 hold puts ($2.0m).
Trends to Q1 2026
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 |
| Q3 2025 | 467 |
| Q4 2025 | 491 |
| Q1 2026 | 445 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 236 | 171 |
| Q3 2024 | 209 | 205 |
| Q4 2024 | 172 | 227 |
| Q1 2025 | 216 | 220 |
| Q2 2025 | 240 | 216 |
| Q3 2025 | 241 | 201 |
| Q4 2025 | 245 | 245 |
| Q1 2026 | 237 | 279 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $61.2m | $17.5m | 0.29 |
| Q3 2025 | $137.9m | $16.0m | 0.12 |
| Q4 2025 | $33.8m | $3.4m | 0.10 |
| Q1 2026 | $11.0m | $2.0m | 0.18 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | Added | +6.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +3.4m |
| Pictet Asset Management Holding SA | Added | +2.8m |
| GOLDMAN SACHS GROUP INC | Added | +2.1m |
| Allianz Asset Management GmbH | New | +1.8m |
| Woodline Partners LP | Added | +1.4m |
| UBS Group AG | Added | +1.4m |
| Madison Asset Management, LLC | New | +981.4k |
| MIROVA | Added | +969.2k |
| TWO SIGMA INVESTMENTS, LP | Added | +966.4k |
Biggest sellers
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -5.8m |
| BlackRock, Inc. | Reduced | -4.1m |
| Fiera Capital Corp | Sold out | -968.8k |
| Skandinaviska Enskilda Banken AB (publ) | Sold out | -893.0k |
| MANNING & NAPIER ADVISORS LLC | Reduced | -890.5k |
| STATE STREET CORP | Reduced | -871.7k |
| WELLS FARGO & COMPANY/MN | Reduced | -759.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -652.5k |
| Impax Asset Management Group plc | Reduced | -501.1k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -458.4k |
Biggest calls
| PEAK6 LLC | Reduced | $2.9m83.4k shares |
| CITADEL ADVISORS LLC | Reduced | $2.1m60.6k shares |
| IMC-Chicago, LLC | Added | $1.8m51.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.4m40.5k shares |
| JANE STREET GROUP, LLC | Reduced | $1.2m34.9k shares |
| GROUP ONE TRADING LLC | Added | $533.8k15.2k shares |
| Squarepoint Ops LLC | Reduced | $481.1k13.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $344.2k9.8k shares |
| Walleye Trading LLC | Reduced | $101.8k2.9k shares |
| JPMORGAN CHASE & CO | New | $51.9k1.5k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $442.5k12.6k shares |
| Walleye Trading LLC | Reduced | $439.0k12.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $403.9k11.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $382.8k10.9k shares |
| Squarepoint Ops LLC | New | $302.0k8.6k shares |
| GROUP ONE TRADING LLC | New | $3.5k100 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 Q1 2026
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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2025 | 0 | — | 3 | $12.6m | $10.6m |
| Q4 2025 | 0 | — | 1 | $24.1k | — |
| Q1 2026 | 0 | — | 1 | $4.0k | $4.0k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-10 | BENTLEY GREGORY S Executive Chair & President, director | Sold plan | $4.0k100 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 16.8m $590.2m | Reduced -4.1m |
| Swedbank AB 0.33% of their portfolio | 9.0m $316.1m | Added +410.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 9.0m $315.6m | First filing |
| T. Rowe Price Investment Management, Inc. 0.19% of their portfolio | 8.0m $280.6m | Added +6.3m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.73% of their portfolio | 7.1m $247.9m | Reduced -5.8m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 6.6m $231.5m | First filing |
| MORGAN STANLEY 0.01% of their portfolio | 6.1m $213.9m | Added +616.0k |
| STATE STREET CORP 0.01% of their portfolio | 4.9m $172.7m | Reduced -871.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio | 4.8m $167.9m | Added +3.4m |
| Pictet Asset Management Holding SA 0.17% of their portfolio | 4.7m $163.7m | Added +2.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.6m $126.0m | Added +118.4k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.39% of their portfolio | 3.3m $116.7m | Added +707.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.1m $109.2m | Added +2.1m |
| Bank of New York Mellon Corp 0.02% of their portfolio | 2.8m $98.9m | Reduced -370.1k |
| BESSEMER GROUP INC 0.14% of their portfolio | 2.6m $91.3m | Added +691.8k |
| UBS Group AG 0.02% of their portfolio | 2.5m $86.4m | Added +1.4m |
| Allianz Asset Management GmbH 0.07% of their portfolio | 1.8m $63.7m | New |
| Impax Asset Management Group plc 0.41% of their portfolio | 1.7m $58.9m | Reduced -501.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.5m $54.0m | Reduced -426.9k |
| Woodline Partners LP 0.19% of their portfolio | 1.5m $51.3m | Added +1.4m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.3m $46.6m | Added +143.9k |
| MANNING & NAPIER ADVISORS LLC 0.63% of their portfolio | 1.3m $44.9m | Reduced -890.5k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.3m $44.8m | Added +508.6k |
| MIROVA 1.79% of their portfolio | 1.3m $44.2m | Added +969.2k |
| Invesco Ltd. 0.00% of their portfolio | 1.3m $44.2m | Reduced -109.6k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.2m $42.2m | Reduced -759.8k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.07% of their portfolio | 1.1m $40.0m | Added +20.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $37.8m | Reduced -384.2k |
| Squarepoint Ops LLC 0.08% of their portfolio | 1.1m $37.9m | Added +545.7k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 1.1m $37.6m | Added +966.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 997.9k $35.0m | Added +57.5k |
| Madison Asset Management, LLC 0.43% of their portfolio | 981.4k $34.5m | New |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 946.0k $33.2m | First filing |
| TimesSquare Capital Management, LLC 0.55% of their portfolio | 928.0k $32.6m | Reduced -23.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 926.0k $32.5m | Reduced -379.9k |
| Creative Planning 0.02% of their portfolio | 882.4k $31.0m | Added +33.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 817.7k $28.7m | Reduced -8.5k |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 797.6k $28.0m | Added +387.7k |
| SELDON CAPITAL LP 10.24% of their portfolio | 793.4k $27.9m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 787.6k $27.7m | Reduced -302.0k |
| Legal & General Group Plc 0.01% of their portfolio | 716.4k $25.2m | Reduced -122.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 691.4k $24.3m | Added +46.9k |
| Copeland Capital Management, LLC 0.54% of their portfolio | 687.7k $24.2m | Added +185.5k |
| Gotham Asset Management, LLC 0.07% of their portfolio | 672.8k $23.6m | Added +384.7k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 652.1k $22.7m | Added +652.0k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 646.8k $22.7m | Added +467.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 646.0k $22.7m | Reduced -458.4k |
| Zurich Insurance Group Ltd/FI 0.18% of their portfolio | 645.6k $22.7m | New |
| SEB Asset Management AB 0.10% of their portfolio | 643.0k $22.6m | First filing |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 637.2k $22.4m | Added +596.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 560.2k $19.7m | Added +363.2k |
| DekaBank Deutsche Girozentrale 0.03% of their portfolio | 540.7k $19.3m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 487.1k $17.1m | Added +270.2k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 454.0k $15.9m | Reduced -69.0k |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 445.3k $15.6m | Added +147.0k |
| ExodusPoint Capital Management, LP 0.15% of their portfolio | 441.0k $15.5m | Added +228.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 429.4k $15.1m | Reduced -652.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 427.5k $15.0m | Reduced -18.2k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 418.9k $14.7m | Added +272.1k |
| Montanaro Asset Management Ltd 4.20% of their portfolio | 400.3k $14.1m | Reduced -61.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.03% of their portfolio | 392.3k $13.8m | Reduced -72.9k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 385.3k $13.5m | Added +91.8k |
| Sone Capital Management, LLC 1.10% of their portfolio | 374.5k $13.2m | Reduced -166.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 366.6k $12.9m | Added +2.9k |
| California Public Employees Retirement System 0.01% of their portfolio | 356.2k $12.5m | Reduced -48.5k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.03% of their portfolio | 352.6k $12.4m | Reduced -145.5k |
| GENEVA CAPITAL MANAGEMENT LLC 0.25% of their portfolio | 333.4k $11.7m | Added +180.8k |
| Pacer Advisors, Inc. 0.03% of their portfolio | 332.2k $11.7m | Reduced -21.0k |
| Foresight Group Ltd Liability Partnership 2.03% of their portfolio | 327.2k $11.5m | New |
| Swiss National Bank 0.01% of their portfolio | 317.8k $11.2m | Reduced -119.8k |
| Nuveen, LLC 0.00% of their portfolio | 296.2k $10.4m | Reduced -179.3k |
| Lighthouse Investment Partners, LLC 0.38% of their portfolio | 289.6k $10.2m | Added +133.3k |
| Robeco Schweiz AG 0.21% of their portfolio | 288.5k $10.1m | Unchanged |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 282.4k $9.9m | Reduced -72.0k |
| Tensor Edge Capital, LLC 1.57% of their portfolio | 260.4k $9.1m | Added +177.1k |
| BLI - Banque de Luxembourg Investments 0.29% of their portfolio | 252.0k $9.6m | Unchanged |
| MARSHALL WACE, LLP 0.01% of their portfolio | 245.6k $8.6m | Added +211.0k |
| MAIRS & POWER INC 0.08% of their portfolio | 236.2k $8.3m | Added +153.2k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 226.7k $8.0m | Added +110 |
| AGF MANAGEMENT LTD 0.03% of their portfolio | 220.3k $7.7m | Added +31.5k |
| Farther Finance Advisors, LLC 0.07% of their portfolio | 218.4k $7.5m | Added +3.1k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 217.3k $7.6m | Reduced -171.2k |
| NEEDHAM INVESTMENT MANAGEMENT LLC 0.39% of their portfolio | 215.0k $7.6m | Added +75.0k |
| CITIGROUP INC 0.00% of their portfolio | 213.2k $7.5m | Reduced -50.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 210.8k $7.4m | Added +135.4k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 204.1k $7.2m | Reduced -69.5k |
| Trexquant Investment LP 0.05% of their portfolio | 200.9k $7.1m | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 198.4k $7.0m | Added +27.0k |
| Legacy Advisors, LLC 0.80% of their portfolio | 194.3k $6.8m | Added +339 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 190.9k $7.3m | Reduced -12.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 190.1k $6.7m | Reduced -36.6k |
| Retirement Systems of Alabama 0.02% of their portfolio | 182.6k $6.4m | Added +3.8k |
| Lombard Odier Asset Management (Europe) Ltd 0.33% of their portfolio | 173.0k $6.1m | Added +106.1k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.02% of their portfolio | 170.2k $6.0m | Added +130.9k |
| Quantinno Capital Management LP 0.01% of their portfolio | 165.4k $5.8m | Added +130.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 165.1k $5.8m | Added +127.1k |
| Schonfeld Strategic Advisors LLC 0.04% of their portfolio | 153.7k $5.4m | Reduced -158.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 142.0k $5.0m | Reduced -7.6k |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 137.8k $4.8m | Added +25.2k |
| HRT FINANCIAL LP 0.02% of their portfolio | 136.9k $4.8m | Reduced -82.7k |