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 ($15.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.98. Options: 10 managers hold calls ($10.6m notional), 7 hold puts ($1.6m).
Trends to Q2 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 |
| Q2 2026 | 398 |
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 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 |
| Q2 2026 | 183 | 265 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $137.9m | $16.0m | 0.12 |
| Q4 2025 | $33.8m | $3.4m | 0.10 |
| Q1 2026 | $11.0m | $2.0m | 0.18 |
| Q2 2026 | $10.6m | $1.6m | 0.15 |
Biggest buyers
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Added | +2.6m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.2m |
| Invesco Ltd. | Added | +1.4m |
| MACKENZIE FINANCIAL CORP | Added | +1.3m |
| CITIGROUP INC | Added | +980.7k |
| MAIRS & POWER INC | Added | +734.0k |
| Freestone Grove Partners LP | Added | +675.1k |
| DIMENSIONAL FUND ADVISORS LP | Added | +674.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | New | +603.1k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +524.4k |
Biggest sellers
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -5.3m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.3m |
| MANNING & NAPIER ADVISORS LLC | Reduced | -1.3m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Reduced | -827.0k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -813.8k |
| SELDON CAPITAL LP | Sold out | -793.4k |
| Squarepoint Ops LLC | Reduced | -777.4k |
| BlackRock, Inc. | Reduced | -737.4k |
| UBS Group AG | Reduced | -646.9k |
| Zurich Insurance Group Ltd/FI | Sold out | -645.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.2m105.7k shares |
| CITADEL ADVISORS LLC | Added | $2.9m97.6k shares |
| IMC-Chicago, LLC | Reduced | $1.0m33.9k shares |
| JANE STREET GROUP, LLC | Reduced | $830.9k27.8k shares |
| SIMPLEX TRADING, LLC | Added | $603.8k20.2k shares |
| Squarepoint Ops LLC | Added | $514.1k17.2k shares |
| PEAK6 LLC | Reduced | $505.1k16.9k shares |
| GROUP ONE TRADING LLC | Reduced | $397.5k13.3k shares |
| Walleye Trading LLC | Added | $352.7k11.8k shares |
| Walleye Capital LLC | New | $325.8k10.9k shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $1.0m34.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $397.5k13.3k shares |
| Walleye Capital LLC | New | $83.7k2.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $50.8k1.7k shares |
| SUMMIT SECURITIES GROUP LLC | New | $29.9k1.0k shares |
| Walleye Trading LLC | Reduced | $9.0k300 shares |
| GROUP ONE TRADING LLC | Unchanged | $3.0k100 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 16.1m $480.3m | Reduced -737.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 9.5m $284.0m | Added +515.0k |
| NORGES BANK 0.03% of their portfolio | 9.5m $283.4m | Not comparable |
| Swedbank AB 0.23% of their portfolio | 9.0m $269.0m | Unchanged |
| T. Rowe Price Investment Management, Inc. 0.15% of their portfolio | 7.5m $224.0m | Reduced -494.7k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 7.1m $212.7m | Added +524.4k |
| MORGAN STANLEY 0.01% of their portfolio | 6.0m $180.1m | Reduced -62.9k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.53% of their portfolio | 5.9m $177.6m | Added +2.6m |
| STATE STREET CORP 0.00% of their portfolio | 5.0m $150.5m | Added +119.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 4.9m $147.6m | Added +155.7k |
| Pictet Asset Management Holding SA 0.12% of their portfolio | 4.4m $130.5m | Reduced -293.9k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 3.5m $105.1m | Added +2.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.4m $101.9m | Reduced -178.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.6m $78.7m | Reduced -181.4k |
| Invesco Ltd. 0.01% of their portfolio | 2.6m $78.1m | Added +1.4m |
| BESSEMER GROUP INC 0.08% of their portfolio | 2.1m $61.4m | Reduced -544.9k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.0m $59.8m | Added +674.2k |
| Allianz Asset Management GmbH 0.07% of their portfolio | 1.8m $63.7m | Unchanged |
| UBS Group AG 0.01% of their portfolio | 1.8m $54.2m | Reduced -646.9k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.17% of their portfolio | 1.8m $53.7m | Reduced -5.3m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.8m $52.9m | Reduced -1.3m |
| MACKENZIE FINANCIAL CORP 0.05% of their portfolio | 1.7m $50.8m | Added +1.3m |
| Impax Asset Management Group plc 0.32% of their portfolio | 1.7m $49.5m | Reduced -20.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.5m $43.7m | Reduced -75.8k |
| MIROVA 1.52% of their portfolio | 1.4m $41.0m | Added +115.3k |
| Madison Asset Management, LLC 0.49% of their portfolio | 1.4m $40.8m | Added +383.9k |
| Woodline Partners LP 0.11% of their portfolio | 1.2m $36.9m | Reduced -225.8k |
| CITIGROUP INC 0.02% of their portfolio | 1.2m $35.7m | Added +980.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $33.8m | Added +39.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.1m $32.2m | Reduced -123.1k |
| MAIRS & POWER INC 0.27% of their portfolio | 970.1k $29.0m | Added +734.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 969.7k $29.0m | Reduced -28.2k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 959.3k $28.7m | Added +13.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 941.4k $28.1m | Added +15.3k |
| TimesSquare Capital Management, LLC 0.41% of their portfolio | 925.9k $27.7m | Reduced -2.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 910.2k $27.2m | Added +122.6k |
| Creative Planning 0.02% of their portfolio | 910.0k $27.2m | Added +27.6k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 828.8k $24.8m | Added +31.2k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 795.6k $23.9m | Added +143.4k |
| Sone Capital Management, LLC 1.79% of their portfolio | 786.5k $23.5m | Added +412.0k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 745.9k $22.3m | Added +108.7k |
| Legal & General Group Plc 0.00% of their portfolio | 745.7k $22.3m | Added +29.3k |
| Freestone Grove Partners LP 0.13% of their portfolio | 687.6k $20.6m | Added +675.1k |
| Gotham Asset Management, LLC 0.05% of their portfolio | 680.2k $20.3m | Added +7.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 603.1k $18.0m | New |
| HRT FINANCIAL LP 0.04% of their portfolio | 601.3k $18.0m | Added +464.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 591.2k $17.7m | Reduced -100.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 555.4k $16.6m | Reduced -262.3k |
| Copeland Capital Management, LLC 0.34% of their portfolio | 546.2k $16.3m | Reduced -141.5k |
| NEEDHAM INVESTMENT MANAGEMENT LLC 0.49% of their portfolio | 542.3k $16.2m | Added +327.3k |
| DekaBank Deutsche Girozentrale 0.03% of their portfolio | 540.7k $18.9m | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 537.7k $16.1m | Reduced -108.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 491.9k $14.7m | Added +62.5k |
| Robeco Schweiz AG 0.22% of their portfolio | 456.2k $13.6m | Added +167.7k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 443.5k $13.3m | Reduced -10.5k |
| BARCLAYS PLC 0.00% of their portfolio | 406.5k $12.2m | Added +274.6k |
| Schonfeld Strategic Advisors LLC 0.06% of their portfolio | 403.4k $12.1m | Added +249.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 401.4k $12.0m | Reduced -26.2k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 388.3k $11.6m | Added +189.9k |
| Montanaro Asset Management Ltd 3.59% of their portfolio | 380.8k $11.4m | Reduced -19.5k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 372.4k $11.1m | Added +155.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 369.3k $11.0m | Added +2.8k |
| Lighthouse Investment Partners, LLC 0.33% of their portfolio | 358.6k $10.7m | Added +68.9k |
| Pacer Advisors, Inc. 0.03% of their portfolio | 356.4k $10.7m | Added +24.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 351.3k $10.5m | Reduced -41.0k |
| XTX Topco Ltd 0.13% of their portfolio | 325.1k $9.7m | Added +227.9k |
| Swiss National Bank 0.01% of their portfolio | 322.0k $9.6m | Added +4.2k |
| GENEVA CAPITAL MANAGEMENT LLC 0.22% of their portfolio | 314.6k $9.4m | Reduced -18.8k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio | 311.7k $9.3m | Reduced -827.0k |
| Squarepoint Ops LLC 0.02% of their portfolio | 303.1k $9.1m | Reduced -777.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% of their portfolio | 298.6k $8.9m | Reduced -54.1k |
| Foresight Group Ltd Liability Partnership 1.56% of their portfolio | 293.8k $8.7m | Reduced -33.4k |
| California Public Employees Retirement System 0.00% of their portfolio | 288.6k $8.6m | Reduced -67.6k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 282.5k $8.4m | Added +70 |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 267.6k $8.0m | Added +243.7k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 258.2k $7.7m | Reduced -813.8k |
| Nuveen, LLC 0.00% of their portfolio | 252.5k $7.5m | Reduced -43.8k |
| BAILLIE GIFFORD & CO 0.01% of their portfolio | 252.1k $7.5m | Reduced -193.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 244.7k $7.3m | Reduced -402.1k |
| Farther Finance Advisors, LLC 0.06% of their portfolio | 244.2k $7.3m | Added +25.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 233.4k $7.0m | New |
| Fisher Asset Management, LLC 0.00% of their portfolio | 226.4k $6.8m | Reduced -293 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 205.0k $7.2m | Added +14.1k |
| AGF MANAGEMENT LTD 0.02% of their portfolio | 203.0k $6.1m | Reduced -17.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 198.8k $5.9m | Reduced -12.0k |
| ExodusPoint Capital Management, LP 0.05% of their portfolio | 195.1k $5.8m | Reduced -245.9k |
| Legacy Advisors, LLC 0.54% of their portfolio | 194.6k $5.8m | Added +251 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 184.8k $5.5m | Reduced -5.3k |
| DNB Asset Management AS 0.02% of their portfolio | 184.3k $5.5m | Added +173.7k |
| Groupe la Francaise 0.06% of their portfolio | 159.7k $4.8m | Added +50.4k |
| BLI - Banque de Luxembourg Investments 0.16% of their portfolio | 156.3k $4.7m | Reduced -95.7k |
| Holocene Advisors, LP 0.01% of their portfolio | 155.7k $4.7m | Added +24.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 155.0k $4.6m | Reduced -405.2k |
| Retirement Systems of Alabama 0.01% of their portfolio | 154.2k $4.6m | Reduced -28.4k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 151.0k $4.5m | Added +143.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 146.7k $4.4m | New |
| PINEBRIDGE INVESTMENTS LLC 0.04% of their portfolio | 142.6k $4.3m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 140.0k $4.2m | Reduced -2.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 136.3k $4.1m | Added +7.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 127.6k $3.8m | Added +5.3k |