Vault-13

BENTLEY SYS INC BSY 0.125 01.15.26

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

68 institutional holders -2 vs Q3 2023
69,735,54269.7m shares reported held*
$670.0mreported value*
5 new 25 added 14 reduced 7 sold out net bought ≈ $961.7k (+9.9m 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 ≈ $9.61.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 60Q4 22: 54Q1 23: 58Q2 23: 58Q3 23: 70Q4 23: 6868Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202260
Q4 202254
Q1 202358
Q2 202358
Q3 202370
Q4 202368

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 23Q3 23: 29 bought or addedQ3 23: 24 cut or sold outQ3 23Q4 23: 30 bought or addedQ4 23: 21 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222032
Q1 20233118
Q2 20232324
Q3 20232924
Q4 20233021

Biggest buyers

JPMORGAN CHASE & CO Added +16,591,000+16.6m
LORD, ABBETT & CO. LLC Added +12,653,000+12.7m
BNP PARIBAS FINANCIAL MARKETS Added +8,263,000+8.3m
CSS LLC/IL Added +7,102,000+7.1m
Nuveen Asset Management, LLC Added +7,050,000+7.0m
ADVENT CAPITAL MANAGEMENT /DE/ Added +6,637,000+6.6m
VOYA INVESTMENT MANAGEMENT LLC Added +6,500,000+6.5m
Context Capital Management, LLC Added +4,493,500+4.5m
WELLINGTON MANAGEMENT GROUP LLP Added +3,215,000+3.2m
BANK OF MONTREAL /CAN/ Added +3,000,000+3.0m

Biggest sellers

LORD, ABBETT & CO. LLC Sold out -36,357,000-36.4m
WOLVERINE ASSET MANAGEMENT LLC Sold out -16,606,000-16.6m
DEUTSCHE BANK AG\ Sold out -7,837,000-7.8m
BlackRock Inc. Reduced -5,900,000-5.9m
JANE STREET GROUP, LLC Sold out -4,778,000-4.8m
STATE STREET CORP Reduced -3,750,000-3.8m
Amundi Reduced -2,000,000-2.0m
MIZUHO SECURITIES USA LLC Reduced -1,350,000-1.4m
Jefferies Financial Group Inc. Sold out -1,309,000-1.3m
EDMOND DE ROTHSCHILD HOLDING S.A. Reduced -1,155,000-1.2m

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.18% of their portfolio ATLANTA, GA 176,100,000176.1m $174.9m $174.9m 0.18% Added +6.5m +6,500,000
2 ADVENT CAPITAL MANAGEMENT /DE/ 1.14% of their portfolio NEW YORK, NY 49,836,00049.8m $49.5m $49.5m 1.14% Added +6.6m +6,637,000
3 LORD, ABBETT & CO. LLC 0.09% of their portfolio JERSEY CITY, NJ 49,010,00049.0m $48.5m $48.5m 0.09% Added +12.7m +12,653,000
4 Calamos Advisors LLC 0.22% of their portfolio NAPERVILLE, IL 43,836,00043.8m $43.6m $43.6m 0.22% Unchanged
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 37,988,00038.0m $37.7m $37.7m 0.00% Added +16.6m +16,591,000
6 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 27,050,00027.1m $2.7m $2.7m 0.00% Added +7.0m +7,050,000
7 LMR Partners LLP 0.62% of their portfolio LONDON, X0 25,000,00025.0m $24.7m $24.7m 0.62% Added +1.0m +1,000,000
8 BlackRock Inc. 0.00% of their portfolio New York, NY 22,120,00022.1m $21.9m $21.9m 0.00% Reduced -5.9m -5,900,000
9 CSS LLC/IL 1.47% of their portfolio CHICAGO, IL 19,011,00019.0m $18.9m $18.9m 1.47% Added +7.1m +7,102,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,410,00014.4m $14.3m $14.3m 0.00% Reduced -3.8m -3,750,000
11 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 14,307,00014.3m $14.1m $14.1m 0.00% Added +3.2m +3,215,000
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 13,836,00013.8m $13.7m $13.7m 0.00% Added +2.0m +2,036,000
13 Man Group plc 0.04% of their portfolio LONDON, X0 13,100,00013.1m $13.0m $13.0m 0.04% Added +1.3m +1,300,000
14 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 12,724,00012.7m $12.6m $12.6m 0.02% Unchanged
15 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 12,109,00012.1m $12.0m $12.0m 0.00% Added +2.8m +2,761,000
16 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 10,674,00010.7m $10.5m $10.5m 0.00% Reduced -250.0k -250,000
17 SHENKMAN CAPITAL MANAGEMENT INC 0.76% of their portfolio NEW YORK, NY 10,553,00010.6m $10.6m $10.6m 0.76% Reduced -965.0k -965,000
18 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 9,669,0009.7m $9.6m $9.6m 0.02% Added +8.3m +8,263,000
19 MacKay Shields LLC 0.23% of their portfolio New York, NY 8,025,0008.0m $8.0m $8.0m 0.23% Reduced -19.0k -19,000
20 BlueCrest Capital Management Ltd 1.33% of their portfolio ST HELIER, Y9 8,015,0008.0m $8.0m $8.0m 1.33% Added +1.6m +1,611,000
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,652,0007.7m $7.6m $7.6m 0.00% Added +935.0k +935,000
22 SSI INVESTMENT MANAGEMENT LLC 0.56% of their portfolio Los Angeles, CA 7,446,0007.4m $7.4m $7.4m 0.56% Reduced -233.0k -233,000
23 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,750,0006.8m $6.7m $6.7m 0.01% Unchanged
24 FMR LLC 0.00% of their portfolio BOSTON, MA 6,525,0006.5m $6.4m $6.4m 0.00% Unchanged
25 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,300,0006.3m $6.2m $6.2m 0.02% Added +1.3m +1,300,000
26 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 6,000,0006.0m $6.0m $6.0m 0.00% Added +3.0m +3,000,000
27 RWC Asset Management LLP 0.33% of their portfolio LONDON, X0 5,500,0005.5m $5.5m $5.5m 0.33% Unchanged
28 MIZUHO SECURITIES USA LLC 0.12% of their portfolio NEW YORK, NY 5,150,0005.2m $5.1m $5.1m 0.12% Reduced -1.4m -1,350,000
29 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.66% of their portfolio Miamisburg, OH 5,000,0005.0m $4.9m $4.9m 0.66% Unchanged
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 4,650,0004.7m $4.6m $4.6m 0.01% Added +399.0k +399,000
31 Context Capital Management, LLC 0.30% of their portfolio LAJOLLA, CA 4,500,0004.5m $4.5m $4.5m 0.30% Added +4.5m +4,493,500
32 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 4,309,0004.3m $4.3m $4.3m 0.01% Added +1.9m +1,944,000
33 Amundi 0.00% of their portfolio Paris, I0 4,000,0004.0m $3.8m $3.8m 0.00% Reduced -2.0m -2,000,000
34 Liberty Mutual Group Asset Management Inc. 0.89% of their portfolio Boston, MA 3,100,0003.1m $3.1m $3.1m 0.89% Unchanged
35 PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio FORT LEE, NJ 3,075,0003.1m $3.1m $3.1m 0.08% Unchanged
36 CAMDEN ASSET MANAGEMENT L P /CA 0.09% of their portfolio Los Angeles, CA 2,850,0002.9m $2.8m $2.8m 0.09% Unchanged
37 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,000,0002.0m $2.0m $2.0m 0.02% Added +1.0m +1,000,000
38 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,000,0002.0m $2.0m $2.0m 0.00% Added +200.0k +200,000
39 WHITEBOX ADVISORS LLC 0.09% of their portfolio MINNEAPOLIS, MN 1,964,0002.0m $1.9m $1.9m 0.09% New
40 JUPITER ASSET MANAGEMENT LTD 0.02% of their portfolio London, X0 1,900,0001.9m $1.9m $1.9m 0.02% Added +400.0k +400,000
41 Quaero Capital S.A. 1.63% of their portfolio GENEVE, V8 1,600,0001.6m $1.6m $1.6m 1.63% Unchanged
42 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,445,0001.4m $1.4m $1.4m 0.00% Added +1.3m +1,265,000
43 Nicholas Investment Partners, LP 0.16% of their portfolio RANCHO SANTA FE, CA 1,400,0001.4m $1.4m $1.4m 0.16% Unchanged
44 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,375,0001.4m $1.4m $1.4m 0.00% New
45 LBP AM SA 0.03% of their portfolio Paris, I0 1,220,0001.2m $1.2m $1.2m 0.03% Unchanged
46 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,100,0001.1m $1.1m $1.1m 0.01% Unchanged
47 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,023,0001.0m $1.0m $1.0m 0.00% Unchanged
48 EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio CHAMBESY, V8 905,000905.0k $899.8k $899.8k 0.02% Reduced -1.2m -1,155,000
49 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 619,000619.0k $640.2k $640.2k 0.00% Added +75.0k +75,000
50 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 550,000550.0k $544.5k $544.5k 0.00% Unchanged
51 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 461,000461.0k $457.8k $457.8k 0.00% Added +153.0k +153,000
52 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 350,000350.0k $347.6k $347.6k 0.00% Unchanged
53 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $199.0k $199.0k 0.00% Unchanged
54 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 150,000150.0k $148.2k $148.2k 0.00% Reduced -24.0k -24,000
55 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 132,000132.0k $130.4k $130.4k 0.00% Reduced -241.0k -241,000
56 NOMURA HOLDINGS INC 0.05% of their portfolio TOKYO, M0 101,844101.8k $5.3m $5.3m 0.05% New
57 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 75,00075.0k $74.1k $74.1k 0.00% Unchanged
58 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 45,00045.0k $44.5k $44.5k 0.03% New
59 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 38,00038.0k $37.5k $37.5k 0.00% Unchanged
60 SG Americas Securities, LLC 0.04% of their portfolio NEW YORK, NY 34,21034.2k $3.4m $3.4m 0.04% Reduced -12.5k -12,500
61 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 19,00019.0k $18.0k $18.0k 0.00% Unchanged
62 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 18,00018.0k $17.8k $17.8k 0.00% New
63 Goldstein Advisors, LLC 0.27% of their portfolio Madison, WI 16,00016.0k $1.6m $1.6m 0.27% Unchanged
64 OFI INVEST ASSET MANAGEMENT 0.27% of their portfolio ISSY LES MOULINEAUX, I0 8,0008.0k $8.0m $8.0m 0.27% Unchanged
65 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 6,0006.0k $5.9k $5.9k 0.00% Unchanged
66 COMERICA BANK 0.00% of their portfolio DALLAS, TX 3,0003.0k $3.0k $3.0k 0.00% Reduced -18.0k -18,000
67 LAFFER TENGLER INVESTMENTS, INC. 0.18% of their portfolio Scottsdale, AZ 698698 $693.4k $693.4k 0.18% Reduced -160 -160
68 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged