Vault-13

BENTLEY SYS INC BSY 0.125 01.15.26

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

71 institutional holders +1 vs Q1 2024
55,901,58155.9m shares reported held*
$889.7mreported value*
14 new 15 added 24 reduced 13 sold out net sold ≈ $22.9m (-70.7m 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 ≈ $15.92.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 60Q4 22: 54Q1 23: 58Q2 23: 58Q3 23: 70Q4 23: 68Q1 24: 70Q2 24: 7171Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202260
Q4 202254
Q1 202358
Q2 202358
Q3 202370
Q4 202368
Q1 202470
Q2 202471

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 outQ2 23: 23 bought or addedQ2 23: 24 cut or sold outQ2 23Q3 23: 29 bought or addedQ3 23: 24 cut or sold outQ4 23: 30 bought or addedQ4 23: 21 cut or sold outQ4 23Q1 24: 24 bought or addedQ1 24: 34 cut or sold outQ2 24: 29 bought or addedQ2 24: 37 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222032
Q1 20233118
Q2 20232324
Q3 20232924
Q4 20233021
Q1 20242434
Q2 20242937

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +43,500,000+43.5m
Opti Capital Management, LP New +39,890,000+39.9m
SHENKMAN CAPITAL MANAGEMENT INC Added +17,165,000+17.2m
Lombard Odier Asset Management (Europe) Ltd New +11,300,000+11.3m
ADVENT CAPITAL MANAGEMENT /DE/ Added +10,861,000+10.9m
CITADEL ADVISORS LLC New +9,350,000+9.3m
Nuveen Asset Management, LLC Added +9,228,000+9.2m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +7,785,000+7.8m
JPMORGAN CHASE & CO Added +5,916,000+5.9m
NEW YORK STATE COMMON RETIREMENT FUND Added +2,073,000+2.1m

Biggest sellers

Opti Capital Management, LP Sold out -65,890,000-65.9m
SOROS FUND MANAGEMENT LLC Reduced -31,000,000-31.0m
VOYA INVESTMENT MANAGEMENT LLC Reduced -17,365,000-17.4m
CSS LLC/IL Reduced -16,996,000-17.0m
MORGAN STANLEY Reduced -14,029,000-14.0m
LMR Partners LLP Reduced -6,000,000-6.0m
MIZUHO SECURITIES USA LLC Sold out -5,031,000-5.0m
DeepCurrents Investment Group LLC Sold out -4,000,000-4.0m
Kohlberg Kravis Roberts & Co. L.P. Sold out -3,000,000-3.0m
SSI INVESTMENT MANAGEMENT LLC Reduced -2,798,000-2.8m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio ATLANTA, GA 74,530,00074.5m $74.1m $74.1m 0.07% Reduced -17.4m -17,365,000
2 ADVENT CAPITAL MANAGEMENT /DE/ 1.41% of their portfolio NEW YORK, NY 58,413,00058.4m $58.1m $58.1m 1.41% Added +10.9m +10,861,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.80% of their portfolio NEW YORK, NY 51,500,00051.5m $51.1m $51.1m 0.80% Added +43.5m +43,500,000
4 Calamos Advisors LLC 0.21% of their portfolio NAPERVILLE, IL 44,349,00044.3m $43.9m $43.9m 0.21% Added +788.0k +788,000
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 41,524,00041.5m $41.2m $41.2m 0.00% Added +5.9m +5,916,000
6 Opti Capital Management, LP 2.95% of their portfolio New York, NY 39,890,00039.9m $39.6m $39.6m 2.95% New
7 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 34,250,00034.2m $33.9m $33.9m 0.01% Added +9.2m +9,228,000
8 LORD, ABBETT & CO. LLC 0.05% of their portfolio JERSEY CITY, NJ 32,756,00032.8m $32.4m $32.4m 0.05% Reduced -1.5m -1,496,000
9 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 31,274,00031.3m $31.0m $31.0m 0.03% Reduced -26.0k -26,000
10 SHENKMAN CAPITAL MANAGEMENT INC 2.53% of their portfolio NEW YORK, NY 28,772,00028.8m $29.4m $29.4m 2.53% Added +17.2m +17,165,000
11 BlackRock Inc. 0.00% of their portfolio New York, NY 22,686,00022.7m $22.4m $22.4m 0.00% Added +16.0k +16,000
12 LMR Partners LLP 0.40% of their portfolio LONDON, X0 19,000,00019.0m $18.8m $18.8m 0.40% Reduced -6.0m -6,000,000
13 HBK INVESTMENTS L P 0.43% of their portfolio DALLAS, TX 18,310,00018.3m $18.1m $18.1m 0.43% Not comparable
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,910,00014.9m $14.8m $14.8m 0.00% Added +500.0k +500,000
15 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 14,712,00014.7m $14.6m $14.6m 0.00% Unchanged
16 Lombard Odier Asset Management (Europe) Ltd 0.55% of their portfolio LONDON, X0 11,300,00011.3m $11.2m $11.2m 0.55% New
17 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 10,724,00010.7m $10.6m $10.6m 0.01% Reduced -2.0m -2,000,000
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 10,685,00010.7m $10.6m $10.6m 0.02% Added +7.8m +7,785,000
19 SOROS FUND MANAGEMENT LLC 0.23% of their portfolio NEW YORK, NY 10,500,00010.5m $10.4m $10.4m 0.23% Reduced -31.0m -31,000,000
20 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 9,350,0009.3m $9.3m $9.3m 0.01% New
21 FMR LLC 0.00% of their portfolio BOSTON, MA 8,275,0008.3m $8.2m $8.2m 0.00% Added +2.0m +2,000,000
22 MacKay Shields LLC 0.24% of their portfolio New York, NY 8,015,0008.0m $8.0m $8.0m 0.24% Unchanged
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,076,0007.1m $7.0m $7.0m 0.00% Reduced -14.0m -14,029,000
24 OFI INVEST ASSET MANAGEMENT 0.17% of their portfolio ISSY LES MOULINEAUX, I0 7,000,0007.0m $6.4m $6.4m 0.17% Reduced -7.0k -7,000
25 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 6,382,0006.4m $6.3m $6.3m 0.01% Added +2.1m +2,073,000
26 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,300,0006.3m $6.2m $6.2m 0.02% Unchanged
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6,048,0006.0m $6.0m $6.0m 0.00% Reduced -1.1m -1,134,000
28 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,750,0005.8m $5.7m $5.7m 0.01% Reduced -1.0m -1,000,000
29 PALISADE CAPITAL MANAGEMENT, LP 0.14% of their portfolio FORT LEE, NJ 5,066,0005.1m $5.0m $5.0m 0.14% Reduced -74.0k -74,000
30 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.72% of their portfolio Miamisburg, OH 5,000,0005.0m $4.9m $4.9m 0.72% Unchanged
31 SSI INVESTMENT MANAGEMENT LLC 0.36% of their portfolio Los Angeles, CA 4,681,0004.7m $4.6m $4.6m 0.36% Reduced -2.8m -2,798,000
32 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,674,0004.7m $4.6m $4.6m 0.00% Reduced -2.0m -2,000,000
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,010,0004.0m $4.0m $4.0m 0.00% Added +779.0k +779,000
34 Amundi 0.00% of their portfolio Paris, I0 4,000,0004.0m $4.0m $4.0m 0.00% Unchanged
35 Liberty Mutual Group Asset Management Inc. 0.45% of their portfolio Boston, MA 3,100,0003.1m $3.1m $3.1m 0.45% Unchanged
36 Man Group plc 0.01% of their portfolio LONDON, X0 2,950,0003.0m $2.9m $2.9m 0.01% Reduced -850.0k -850,000
37 Aequim Alternative Investments LP 0.09% of their portfolio MILL VALLEY, CA 2,500,0002.5m $2.5m $2.5m 0.09% Unchanged
38 CSS LLC/IL 0.18% of their portfolio CHICAGO, IL 2,432,0002.4m $2.4m $2.4m 0.18% Reduced -17.0m -16,996,000
39 WESTWOOD HOLDINGS GROUP INC 0.92% of their portfolio DALLAS, TX 2,000,0002.0m $197.9m $197.9m 0.92% Unchanged
40 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,000,0002.0m $2.0m $2.0m 0.00% Unchanged
41 Quaero Capital S.A. 2.15% of their portfolio GENEVE, V8 1,600,0001.6m $1.6m $1.6m 2.15% Unchanged
42 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,542,0001.5m $1.5m $1.5m 0.00% Reduced -2.6m -2,558,000
43 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 1,125,0001.1m $1.1m $1.1m 0.00% New
44 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,004,0001.0m $993.5k $993.5k 0.00% New
45 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 545,000545.0k $542.0k $542.0k 0.00% Added +25.0k +25,000
46 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 467,000467.0k $462.9k $462.9k 0.00% Reduced -89.0k -89,000
47 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 251,000251.0k $248.4k $248.4k 0.03% Reduced -141.0k -141,000
48 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $198.0k $198.0k 0.00% Unchanged
49 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 184,000184.0k $182.3k $182.3k 0.01% New
50 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 75,00075.0k $74.2k $74.2k 0.00% Unchanged
51 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 75,00075.0k $74.4k $74.4k 0.00% New
52 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 67,00067.0k $66.3k $66.3k 0.00% Reduced -83.0k -83,000
53 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 61,00061.0k $60.4k $60.4k 0.00% New
54 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 49,24949.2k $2.4m $2.4m 0.02% Added +12.2k +12,201
55 Virtus Investment Advisers, LLC 0.04% of their portfolio HARTFORD, CT 45,00045.0k $44.5k $44.5k 0.04% Unchanged
56 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 43,00043.0k $42.5k $42.5k 0.00% New
57 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 38,00038.0k $37.6k $37.6k 0.00% Unchanged
58 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 36,00036.0k $35.6k $35.6k 0.00% New
59 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 34,21034.2k $3.4m $3.4m 0.02% Reduced -10.0k -10,000
60 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 28,00028.0k $27.7k $27.7k 0.00% Added +10.0k +10,000
61 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 14,60014.6k $14.4k $14.4k 0.00% Reduced -584.4k -584,400
62 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 13,00013.0k $12.9k $12.9k 0.00% New
63 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 10,00010.0k $9.0k $9.0k 0.00% Unchanged
64 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 10,00010.0k $9.6k $9.6k 0.00% New
65 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 9,0009.0k $8.9k $8.9k 0.00% Reduced -2.0m -2,000,000
66 Boussard & Gavaudan Investment Management LLP 1.40% of their portfolio London, X0 8,8068.8k $8.8m $8.8m 1.40% Reduced -469 -469
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 6,0006.0k $5.9k $5.9k 0.00% Unchanged
68 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 4,0004.0k $4.0k $4.0k 0.00% New
69 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,0003.0k $3.0k $3.0k 0.00% New
70 LAFFER TENGLER INVESTMENTS, INC. 0.11% of their portfolio Scottsdale, AZ 526526 $521.9k $521.9k 0.11% Reduced -110 -110
71 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged