Vault-13

BENTLEY SYS INC BSY 0.125 01.15.26

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

70 institutional holders +2 vs Q4 2023
126,564,959126.6m shares reported held*
$719.9mreported value*
12 new 12 added 23 reduced 11 sold out net bought ≈ $9.3m (+56.8m 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.70.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 60Q4 22: 54Q1 23: 58Q2 23: 58Q3 23: 70Q4 23: 68Q1 24: 7070Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202260
Q4 202254
Q1 202358
Q2 202358
Q3 202370
Q4 202368
Q1 202470

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 23Q1 24: 24 bought or addedQ1 24: 34 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222032
Q1 20233118
Q2 20232324
Q3 20232924
Q4 20233021
Q1 20242434

Biggest buyers

Opti Capital Management, LP New +65,890,000+65.9m
SOROS FUND MANAGEMENT LLC New +41,500,000+41.5m
MILLENNIUM MANAGEMENT LLC New +31,300,000+31.3m
TENOR CAPITAL MANAGEMENT Co., L.P. New +8,000,000+8.0m
MORGAN STANLEY Added +7,269,000+7.3m
OFI INVEST ASSET MANAGEMENT Added +6,999,000+7.0m
DeepCurrents Investment Group LLC New +4,000,000+4.0m
Kohlberg Kravis Roberts & Co. L.P. New +3,000,000+3.0m
Aequim Alternative Investments LP New +2,500,000+2.5m
PALISADE CAPITAL MANAGEMENT, LP Added +2,065,000+2.1m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -84,205,000-84.2m
LORD, ABBETT & CO. LLC Reduced -14,758,000-14.8m
Man Group plc Reduced -9,300,000-9.3m
WELLS FARGO & COMPANY/MN Reduced -8,878,000-8.9m
BlueCrest Capital Management Ltd Sold out -8,015,000-8.0m
BNP PARIBAS FINANCIAL MARKETS Reduced -5,569,000-5.6m
RWC Asset Management LLP Sold out -5,500,000-5.5m
Context Capital Management, LLC Reduced -4,499,500-4.5m
Invesco Ltd. Reduced -4,000,000-4.0m
BANK OF MONTREAL /CAN/ Reduced -3,991,000-4.0m

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.09% of their portfolio ATLANTA, GA 91,895,00091.9m $92.7m $92.7m 0.09% Reduced -84.2m -84,205,000
2 Opti Capital Management, LP 5.08% of their portfolio New York, NY 65,890,00065.9m $66.3m $66.3m 5.08% New
3 ADVENT CAPITAL MANAGEMENT /DE/ 1.22% of their portfolio NEW YORK, NY 47,552,00047.6m $48.1m $48.1m 1.22% Reduced -2.3m -2,284,000
4 Calamos Advisors LLC 0.21% of their portfolio NAPERVILLE, IL 43,561,00043.6m $43.9m $43.9m 0.21% Reduced -275.0k -275,000
5 SOROS FUND MANAGEMENT LLC 0.97% of their portfolio NEW YORK, NY 41,500,00041.5m $41.8m $41.8m 0.97% New
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 35,608,00035.6m $35.8m $35.8m 0.00% Reduced -2.4m -2,380,000
7 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 34,252,00034.3m $34.4m $34.4m 0.06% Reduced -14.8m -14,758,000
8 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 31,300,00031.3m $31.5m $31.5m 0.03% New
9 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 25,022,00025.0m $25.1m $25.1m 0.01% Reduced -2.0m -2,028,000
10 LMR Partners LLP 0.64% of their portfolio LONDON, X0 25,000,00025.0m $25.1m $25.1m 0.64% Unchanged
11 BlackRock Inc. 0.00% of their portfolio New York, NY 22,670,00022.7m $22.8m $22.8m 0.00% Added +550.0k +550,000
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 21,105,00021.1m $21.2m $21.2m 0.00% Added +7.3m +7,269,000
13 CSS LLC/IL 1.59% of their portfolio CHICAGO, IL 19,428,00019.4m $19.6m $19.6m 1.59% Added +417.0k +417,000
14 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 14,712,00014.7m $14.8m $14.8m 0.00% Added +405.0k +405,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,410,00014.4m $14.5m $14.5m 0.00% Unchanged
16 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 12,724,00012.7m $12.8m $12.8m 0.02% Unchanged
17 SHENKMAN CAPITAL MANAGEMENT INC 0.84% of their portfolio NEW YORK, NY 11,607,00011.6m $12.0m $12.0m 0.84% Added +1.1m +1,054,000
18 MacKay Shields LLC 0.22% of their portfolio New York, NY 8,015,0008.0m $8.1m $8.1m 0.22% Reduced -10.0k -10,000
19 TENOR CAPITAL MANAGEMENT Co., L.P. 0.13% of their portfolio NEW YORK, NY 8,000,0008.0m $8.1m $8.1m 0.13% New
20 SSI INVESTMENT MANAGEMENT LLC 0.57% of their portfolio Los Angeles, CA 7,479,0007.5m $7.5m $7.5m 0.57% Added +33.0k +33,000
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,182,0007.2m $7.2m $7.2m 0.00% Reduced -470.0k -470,000
22 OFI INVEST ASSET MANAGEMENT 0.37% of their portfolio ISSY LES MOULINEAUX, I0 7,007,0007.0m $13.6m $13.6m 0.37% Added +7.0m +6,999,000
23 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,750,0006.8m $6.8m $6.8m 0.01% Unchanged
24 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 6,674,0006.7m $6.7m $6.7m 0.00% Reduced -4.0m -4,000,000
25 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,300,0006.3m $6.3m $6.3m 0.02% Unchanged
26 FMR LLC 0.00% of their portfolio BOSTON, MA 6,275,0006.3m $6.3m $6.3m 0.00% Reduced -250.0k -250,000
27 PALISADE CAPITAL MANAGEMENT, LP 0.14% of their portfolio FORT LEE, NJ 5,140,0005.1m $5.2m $5.2m 0.14% Added +2.1m +2,065,000
28 MIZUHO SECURITIES USA LLC 0.12% of their portfolio NEW YORK, NY 5,031,0005.0m $5.0m $5.0m 0.12% Reduced -119.0k -119,000
29 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.64% of their portfolio Miamisburg, OH 5,000,0005.0m $5.0m $5.0m 0.64% Unchanged
30 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 4,309,0004.3m $4.3m $4.3m 0.01% Unchanged
31 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 4,100,0004.1m $4.1m $4.1m 0.01% Reduced -5.6m -5,569,000
32 Amundi 0.00% of their portfolio Paris, I0 4,000,0004.0m $4.1m $4.1m 0.00% Unchanged
33 DeepCurrents Investment Group LLC 0.32% of their portfolio NEW YORK, NY 4,000,0004.0m $7.7m $7.7m 0.32% New
34 Man Group plc 0.01% of their portfolio LONDON, X0 3,800,0003.8m $3.8m $3.8m 0.01% Reduced -9.3m -9,300,000
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,231,0003.2m $3.3m $3.3m 0.00% Reduced -8.9m -8,878,000
36 Liberty Mutual Group Asset Management Inc. 0.89% of their portfolio Boston, MA 3,100,0003.1m $3.1m $3.1m 0.89% Unchanged
37 Kohlberg Kravis Roberts & Co. L.P. 0.08% of their portfolio NEW YORK, NY 3,000,0003.0m $3.0m $3.0m 0.08% New
38 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 2,900,0002.9m $2.9m $2.9m 0.00% Reduced -1.8m -1,750,000
39 Aequim Alternative Investments LP 0.09% of their portfolio MILL VALLEY, CA 2,500,0002.5m $2.5m $2.5m 0.09% New
40 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,009,0002.0m $2.0m $2.0m 0.00% Reduced -4.0m -3,991,000
41 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,000,0002.0m $2.0m $2.0m 0.02% Unchanged
42 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,000,0002.0m $2.0m $2.0m 0.00% Unchanged
43 CAPSTONE INVESTMENT ADVISORS, LLC 0.04% of their portfolio NEW YORK, NY 2,000,0002.0m $2.0m $2.0m 0.04% New
44 JUPITER ASSET MANAGEMENT LTD 0.02% of their portfolio London, X0 1,900,0001.9m $1.9m $1.9m 0.02% Unchanged
45 Quaero Capital S.A. 2.49% of their portfolio GENEVE, V8 1,600,0001.6m $1.6m $1.6m 2.49% Unchanged
46 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 1,271,0001.3m $1.3m $1.3m 0.01% New
47 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 619,000619.0k $640.2k $640.2k 0.00% Unchanged
48 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 599,000599.0k $601.1k $601.1k 0.00% Added +467.0k +467,000
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 556,000556.0k $557.7k $557.7k 0.00% Reduced -819.0k -819,000
50 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 550,000550.0k $552.9k $552.9k 0.00% Unchanged
51 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 520,000520.0k $524.4k $524.4k 0.00% Added +59.0k +59,000
52 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $503.1k $503.1k 0.00% Added +150.0k +150,000
53 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 448,000448.0k $450.0k $450.0k 0.01% New
54 Central Pacific Bank - Trust Division 0.05% of their portfolio HONOLULU, HI 392,000392.0k $388.6k $388.6k 0.05% First filing
55 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $201.0k $201.0k 0.00% Unchanged
56 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 150,000150.0k $150.5k $150.5k 0.00% Unchanged
57 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 75,00075.0k $75.3k $75.3k 0.00% Unchanged
58 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 45,00045.0k $45.2k $45.2k 0.03% New
59 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 44,21044.2k $4.4m $4.4m 0.02% Added +10.0k +10,000
60 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 38,00038.0k $38.1k $38.1k 0.00% Unchanged
61 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 37,04837.0k $1.9m $1.9m 0.02% Reduced -64.8k -64,796
62 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 23,00023.0k $23.1k $23.1k 0.00% Reduced -1.0m -1,000,000
63 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 18,00018.0k $18.1k $18.1k 0.00% Unchanged
64 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 13,00013.0k $13.0k $13.0k 0.00% Reduced -3.0k -3,000
65 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 10,00010.0k $11.0k $11.0k 0.00% Reduced -9.0k -9,000
66 Boussard & Gavaudan Investment Management LLP 1.35% of their portfolio London, X0 9,2759.3k $9.4m $9.4m 1.35% New
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 6,0006.0k $6.0k $6.0k 0.00% Unchanged
68 LAFFER TENGLER INVESTMENTS, INC. 0.17% of their portfolio Scottsdale, AZ 636636 $640.3k $640.3k 0.17% Reduced -62 -62
69 Context Capital Management, LLC 0.02% of their portfolio LAJOLLA, CA 500500 $503.7k $503.7k 0.02% Reduced -4.5m -4,499,500
70 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged