Vault-13

BENTLEY SYS INC BSY 0.125 01.15.26

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

58 institutional holders +0 vs Q1 2023
66,485,93366.5m shares reported held*
$717.5mreported value*
9 new 14 added 15 reduced 9 sold out net bought ≈ $1.1m (+20.9m 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 ≈ $10.79.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 60Q4 22: 54Q1 23: 58Q2 23: 5858Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202260
Q4 202254
Q1 202358
Q2 202358

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 20 bought or addedQ4 22: 32 cut or sold outQ4 22Q1 23: 31 bought or addedQ1 23: 18 cut or sold outQ1 23Q2 23: 23 bought or addedQ2 23: 24 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222032
Q1 20233118
Q2 20232324

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 —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$4.8m—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

LORD, ABBETT & CO. LLC Added +22,335,000+22.3m
LORD, ABBETT & CO. LLC Added +22,335,000+22.3m
VOYA INVESTMENT MANAGEMENT LLC Added +7,500,000+7.5m
BlueCrest Capital Management Ltd New +6,404,000+6.4m
BlackRock Inc. Added +6,110,000+6.1m
STATE STREET CORP Added +3,600,000+3.6m
AVIVA PLC New +3,000,000+3.0m
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +2,500,000+2.5m
LMR Partners LLP Added +2,214,000+2.2m
Invesco Ltd. Added +2,000,000+2.0m

Biggest sellers

WOLVERINE ASSET MANAGEMENT LLC Reduced -33,706,000-33.7m
Nuveen Asset Management, LLC Sold out -10,721,000-10.7m
FMR LLC Reduced -6,900,000-6.9m
Aequim Alternative Investments LP Sold out -6,300,000-6.3m
READYSTATE ASSET MANAGEMENT LP Sold out -5,860,000-5.9m
DEUTSCHE BANK AG\ Reduced -3,990,000-4.0m
BANK OF MONTREAL /CAN/ Sold out -3,550,000-3.5m
BNP PARIBAS FINANCIAL MARKETS Sold out -2,470,000-2.5m
WESTWOOD HOLDINGS GROUP INC Sold out -2,400,000-2.4m
Man Group plc Reduced -2,400,000-2.4m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.19% of their portfolio ATLANTA, GA 177,875,000177.9m $183.8m $183.8m 0.19% Added +7.5m +7,500,000
2 WOLVERINE ASSET MANAGEMENT LLC 1.34% of their portfolio CHICAGO, IL 69,106,00069.1m $71.2m $71.2m 1.34% Reduced -33.7m -33,706,000
3 LORD, ABBETT & CO. LLC 0.10% of their portfolio JERSEY CITY, NJ 56,155,00056.2m $57.9m $57.9m 0.10% Added +22.3m +22,335,000
4 LORD, ABBETT & CO. LLC 0.10% of their portfolio JERSEY CITY, NJ 56,155,00056.2m $57.9m $57.9m 0.10% Added +22.3m +22,335,000
5 Calamos Advisors LLC 0.23% of their portfolio NAPERVILLE, IL 43,836,00043.8m $45.1m $45.1m 0.23% Unchanged
6 BlackRock Inc. 0.00% of their portfolio New York, NY 27,270,00027.3m $28.0m $28.0m 0.00% Added +6.1m +6,110,000
7 LMR Partners LLP 0.56% of their portfolio LONDON, X0 24,000,00024.0m $24.6m $24.6m 0.56% Added +2.2m +2,214,000
8 ADVENT CAPITAL MANAGEMENT /DE/ 0.44% of their portfolio NEW YORK, NY 21,191,00021.2m $21.9m $21.9m 0.44% Reduced -2.1m -2,064,000
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 18,792,00018.8m $19.3m $19.3m 0.00% Added +12.0k +12,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 17,410,00017.4m $17.9m $17.9m 0.00% Added +3.6m +3,600,000
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 16,364,00016.4m $16.8m $16.8m 0.00% Reduced -1.6m -1,635,000
12 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 13,249,00013.2m $13.6m $13.6m 0.02% Reduced -500.0k -500,000
13 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 11,327,00011.3m $11.7m $11.7m 0.00% Added +1.7m +1,710,000
14 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 10,924,00010.9m $11.2m $11.2m 0.00% Added +2.0m +2,000,000
15 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 9,837,0009.8m $10.1m $10.1m 0.01% Reduced -4.0m -3,990,000
16 SSI INVESTMENT MANAGEMENT LLC 0.62% of their portfolio Los Angeles, CA 8,636,0008.6m $8.9m $8.9m 0.62% Reduced -22.0k -22,000
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 8,461,0008.5m $8.7m $8.7m 0.00% Reduced -1.1m -1,056,000
18 RWC Asset Management LLP 0.40% of their portfolio LONDON, X0 8,000,0008.0m $8.2m $8.2m 0.40% Unchanged
19 MacKay Shields LLC 0.22% of their portfolio New York, NY 7,674,0007.7m $7.9m $7.9m 0.22% Reduced -20.0k -20,000
20 SHENKMAN CAPITAL MANAGEMENT INC 0.58% of their portfolio NEW YORK, NY 7,247,0007.2m $7.5m $7.5m 0.58% Added +1.7m +1,701,000
21 FMR LLC 0.00% of their portfolio BOSTON, MA 6,900,0006.9m $7.1m $7.1m 0.00% Reduced -6.9m -6,900,000
22 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,750,0006.8m $6.9m $6.9m 0.01% Unchanged
23 BlueCrest Capital Management Ltd 0.86% of their portfolio ST HELIER, Y9 6,404,0006.4m $6.6m $6.6m 0.86% New
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,370,0006.4m $6.5m $6.5m 0.00% Reduced -122.0k -122,000
25 Amundi 0.00% of their portfolio Paris, I0 6,000,0006.0m $6.1m $6.1m 0.00% Unchanged
26 Man Group plc 0.02% of their portfolio LONDON, X0 5,300,0005.3m $5.5m $5.5m 0.02% Reduced -2.4m -2,400,000
27 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.71% of their portfolio Miamisburg, OH 5,000,0005.0m $5.1m $5.1m 0.71% Unchanged
28 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 5,000,0005.0m $5.1m $5.1m 0.02% Unchanged
29 Liberty Mutual Group Asset Management Inc. 0.81% of their portfolio Boston, MA 3,100,0003.1m $3.2m $3.2m 0.81% Unchanged
30 PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio FORT LEE, NJ 3,091,0003.1m $3.2m $3.2m 0.08% Added +91.0k +91,000
31 AVIVA PLC 0.01% of their portfolio LONDON, X0 3,000,0003.0m $3.1m $3.1m 0.01% New
32 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 2,500,0002.5m $2.6m $2.6m 0.00% New
33 EDMOND DE ROTHSCHILD HOLDING S.A. 0.04% of their portfolio CHAMBESY, V8 2,060,0002.1m $2.1m $2.1m 0.04% Unchanged
34 CAMDEN ASSET MANAGEMENT L P /CA 0.07% of their portfolio Los Angeles, CA 2,000,0002.0m $2.1m $2.1m 0.07% Unchanged
35 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,800,0001.8m $1.9m $1.9m 0.00% Unchanged
36 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 1,549,0001.5m $1.6m $1.6m 0.03% New
37 Nicholas Investment Partners, LP 0.10% of their portfolio RANCHO SANTA FE, CA 1,400,0001.4m $1.4m $1.4m 0.10% New
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,259,0001.3m $1.3m $1.3m 0.00% Added +248.0k +248,000
39 LBP AM SA 0.03% of their portfolio Paris, I0 1,220,0001.2m $1.3m $1.3m 0.03% Added +500.0k +500,000
40 Quaero Capital S.A. 0.95% of their portfolio GENEVE, V8 1,200,0001.2m $1.2m $1.2m 0.95% Unchanged
41 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,194,0001.2m $1.2m $1.2m 0.00% New
42 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,020,0001.0m $1.0m $1.0m 0.00% Reduced -929.0k -929,000
43 JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio London, X0 1,000,0001.0m $1.0m $1.0m 0.01% New
44 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 909,000909.0k $835.6k $835.6k 0.00% Unchanged
45 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 750,000750.0k $772.0k $772.0k 0.00% Unchanged
46 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 550,000550.0k $551.4k $551.4k 0.00% Reduced -150.0k -150,000
47 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 500,000500.0k $515.2k $515.2k 0.00% New
48 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $309.0k $309.0k 0.00% Unchanged
49 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 238,000238.0k $246.0k $246.0k 0.00% Unchanged
50 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 200,000200.0k $205.7k $205.7k 0.00% Unchanged
51 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 174,000174.0k $179.0k $179.0k 0.01% Unchanged
52 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 38,00038.0k $39.1k $39.1k 0.00% Added +20.0k +20,000
53 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 16,00016.0k $17.0k $17.0k 0.00% Unchanged
54 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 16,00016.0k $16.5k $16.5k 0.00% Unchanged
55 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 6,0006.0k $6.2k $6.2k 0.00% New
56 Context Capital Management, LLC 0.28% of their portfolio LAJOLLA, CA 3,0003.0k $3.1m $3.1m 0.28% Reduced -1.0k -1,009
57 LAFFER TENGLER INVESTMENTS, INC. 0.25% of their portfolio Scottsdale, AZ 933933 $960.7k $960.7k 0.25% Reduced -91 -91
58 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged