Vault-13

BENTLEY SYS INC BSY 0.125 01.15.26

NOTE 0.125% 1/1 · US DOMESTIC · CUSIP 08265TAB5

54 institutional holders -6 vs Q3 2022
36,707,04236.7m shares reported held*
$589.2mreported value*
8 new 12 added 14 reduced 18 sold out net bought ≈ $21.4m (+24.3m shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $16.05.

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 60Q4 22: 5454Q3 22Q4 22
Numbers
QuarterHolders
Q3 202260
Q4 202254

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6mQ3 22 calls: $0Q3 22 puts: $4.8mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$4.8m—
Q4 2022$0$0—

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC Added +43,400,000+43.4m
LORD, ABBETT & CO. LLC New +21,320,000+21.3m
LORD, ABBETT & CO. LLC New +21,320,000+21.3m
FMR LLC New +6,900,000+6.9m
Aequim Alternative Investments LP New +6,300,000+6.3m
DEUTSCHE BANK AG\ Added +5,700,000+5.7m
BANK OF AMERICA CORP /DE/ Added +4,050,000+4.0m
WELLS FARGO & COMPANY/MN Added +2,737,000+2.7m
SHENKMAN CAPITAL MANAGEMENT INC Added +2,556,000+2.6m
WELLINGTON MANAGEMENT GROUP LLP Added +2,465,000+2.5m

Biggest sellers

WOLVERINE ASSET MANAGEMENT LLC Reduced -24,598,000-24.6m
D. E. Shaw & Co., Inc. Reduced -15,000,000-15.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -12,259,000-12.3m
Aequim Alternative Investments LP Sold out -6,300,000-6.3m
SOROS FUND MANAGEMENT LLC Sold out -5,882,000-5.9m
DeepCurrents Investment Group LLC Sold out -4,127,000-4.1m
LAZARD ASSET MANAGEMENT LLC Sold out -3,024,000-3.0m
LMR Partners LLP Reduced -3,000,000-3.0m
Pentwater Capital Management LP Sold out -2,500,000-2.5m
Shaolin Capital Management LLC Sold out -2,500,000-2.5m

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.17% of their portfolio ATLANTA, GA 159,265,000159.3m $146.0m $146.0m 0.17% Added +43.4m +43,400,000
2 WOLVERINE ASSET MANAGEMENT LLC 1.51% of their portfolio CHICAGO, IL 107,312,000107.3m $98.1m $98.1m 1.51% Reduced -24.6m -24,598,000
3 Calamos Advisors LLC 0.19% of their portfolio NAPERVILLE, IL 43,836,00043.8m $40.1m $40.1m 0.19% Added +10.0k +10,000
4 ADVENT CAPITAL MANAGEMENT /DE/ 0.41% of their portfolio NEW YORK, NY 24,776,00024.8m $22.7m $22.7m 0.41% Reduced -12.3m -12,259,000
5 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 21,320,00021.3m $19.6m $19.6m 0.03% New
6 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 21,320,00021.3m $19.6m $19.6m 0.03% New
7 LMR Partners LLP 0.37% of their portfolio LONDON, X0 21,000,00021.0m $19.2m $19.2m 0.37% Reduced -3.0m -3,000,000
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 18,555,00018.6m $17.0m $17.0m 0.00% Reduced -1.0m -1,000,000
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 16,060,00016.1m $14.6m $14.6m 0.00% Added +250.0k +250,000
10 BlackRock Inc. 0.00% of their portfolio New York, NY 15,940,00015.9m $14.5m $14.5m 0.00% Reduced -2.3m -2,260,000
11 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 13,927,00013.9m $12.7m $12.7m 0.01% Added +5.7m +5,700,000
12 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 13,749,00013.7m $12.5m $12.5m 0.02% Unchanged
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 12,857,00012.9m $11.7m $11.7m 0.00% Added +2.7m +2,737,000
14 Man Group plc 0.04% of their portfolio LONDON, X0 11,200,00011.2m $10.2m $10.2m 0.04% Reduced -2.0m -2,000,000
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,085,0009.1m $8.3m $8.3m 0.00% Reduced -1.4m -1,382,000
16 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 9,014,0009.0m $8.2m $8.2m 0.02% Added +756.0k +756,000
17 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 8,817,0008.8m $8.0m $8.0m 0.00% Added +2.5m +2,465,000
18 RWC Asset Management LLP 0.24% of their portfolio LONDON, X0 8,500,0008.5m $7.8m $7.8m 0.24% Unchanged
19 SSI INVESTMENT MANAGEMENT LLC 0.49% of their portfolio Los Angeles, CA 8,482,0008.5m $7.7m $7.7m 0.49% Reduced -40.0k -40,000
20 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 7,924,0007.9m $7.2m $7.2m 0.00% Reduced -2.0m -2,000,000
21 MacKay Shields LLC 0.17% of their portfolio New York, NY 7,449,0007.4m $6.8m $6.8m 0.17% Unchanged
22 FMR LLC 0.00% of their portfolio BOSTON, MA 6,900,0006.9m $6.3m $6.3m 0.00% New
23 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,750,0006.8m $6.2m $6.2m 0.01% Added +1.0m +1,000,000
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,650,0006.7m $6.1m $6.1m 0.00% Added +4.0m +4,050,000
25 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 6,396,0006.4m $5.9m $5.9m 0.01% Reduced -15.0m -15,000,000
26 Aequim Alternative Investments LP 0.16% of their portfolio MILL VALLEY, CA 6,300,0006.3m $5.8m $5.8m 0.16% New
27 Amundi 0.00% of their portfolio Paris, I0 6,000,0006.0m $5.5m $5.5m 0.00% Unchanged
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,442,0005.4m $4.9m $4.9m 0.00% Reduced -1.1m -1,130,000
29 SHENKMAN CAPITAL MANAGEMENT INC 0.30% of their portfolio NEW YORK, NY 5,274,0005.3m $4.8m $4.8m 0.30% Added +2.6m +2,556,000
30 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.73% of their portfolio Miamisburg, OH 5,000,0005.0m $4.6m $4.6m 0.73% Unchanged
31 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 5,000,0005.0m $4.5m $4.5m 0.02% Unchanged
32 EDMOND DE ROTHSCHILD HOLDING S.A. 0.09% of their portfolio CHAMBESY, V8 4,230,0004.2m $3.9m $3.9m 0.09% Unchanged
33 AVIVA PLC 0.02% of their portfolio LONDON, X0 4,000,0004.0m $3.6m $3.6m 0.02% Unchanged
34 Liberty Mutual Group Asset Management Inc. 0.71% of their portfolio Boston, MA 2,900,0002.9m $2.6m $2.6m 0.71% Unchanged
35 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,400,0002.4m $2.2m $2.2m 0.02% Added +1.0m +1,000,000
36 READYSTATE ASSET MANAGEMENT LP 0.51% of their portfolio CHICAGO, IL 2,000,0002.0m $1.8m $1.8m 0.51% First filing
37 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,600,0001.6m $1.4m $1.4m 0.00% New
38 Quaero Capital S.A. 0.76% of their portfolio GENEVE, V8 1,200,0001.2m $1.1m $1.1m 0.76% Unchanged
39 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 766,000766.0k $698.6k $698.6k 0.00% New
40 LBP AM SA 0.02% of their portfolio Paris, I0 720,000720.0k $658.4k $658.4k 0.02% First filing
41 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 700,000700.0k $633.4k $633.4k 0.00% Added +250.0k +250,000
42 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 643,000643.0k $587.6k $587.6k 0.00% First filing
43 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 300,000300.0k $274.0k $274.0k 0.00% New
44 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $274.0k $274.0k 0.00% Unchanged
45 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 250,000250.0k $226.2k $226.2k 0.00% Unchanged
46 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 238,000238.0k $218.2k $218.2k 0.00% Reduced -53.0k -53,000
47 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 207,000207.0k $189.4k $189.4k 0.00% Reduced -85.0k -85,000
48 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 200,000200.0k $182.4k $182.4k 0.00% Unchanged
49 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 174,000174.0k $159.0k $159.0k 0.01% Unchanged
50 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 130,000130.0k $118.7k $118.7k 0.00% Unchanged
51 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 21,00021.0k $19.0k $19.0k 0.00% First filing
52 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 16,00016.0k $15.0k $15.0k 0.00% New
53 LAFFER TENGLER INVESTMENTS, INC. 0.27% of their portfolio Scottsdale, AZ 1,0421.0k $953.1k $953.1k 0.27% Reduced -59 -59
54 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged