Vault-13

BENTLEY SYS INC BSY 0.125 01.15.26

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

64 institutional holders -7 vs Q2 2024
12,905,58412.9m shares reported held*
$878.7mreported value*
6 new 16 added 19 reduced 12 sold out net bought ≈ $4.2m (-36.0m 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 ≈ $68.09.

Trends to Q3 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: 71Q3 24: 6464Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202260
Q4 202254
Q1 202358
Q2 202358
Q3 202370
Q4 202368
Q1 202470
Q2 202471
Q3 202464

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 outQ1 23: 31 bought or addedQ1 23: 18 cut or sold outQ1 23Q2 23: 23 bought or addedQ2 23: 24 cut or sold outQ3 23: 29 bought or addedQ3 23: 24 cut or sold outQ3 23Q4 23: 30 bought or addedQ4 23: 21 cut or sold outQ1 24: 24 bought or addedQ1 24: 34 cut or sold outQ1 24Q2 24: 29 bought or addedQ2 24: 37 cut or sold outQ3 24: 22 bought or addedQ3 24: 31 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222032
Q1 20233118
Q2 20232324
Q3 20232924
Q4 20233021
Q1 20242434
Q2 20242937
Q3 20242231

Biggest buyers

III Capital Management New +42,437,000+42.4m
MILLENNIUM MANAGEMENT LLC Added +35,000,000+35.0m
HIGHBRIDGE CAPITAL MANAGEMENT LLC New +26,250,000+26.2m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +23,034,000+23.0m
LMR Partners LLP Added +11,000,000+11.0m
BNP PARIBAS FINANCIAL MARKETS Added +3,254,000+3.3m
OAKTREE CAPITAL MANAGEMENT LP New +2,500,000+2.5m
BOOTHBAY FUND MANAGEMENT, LLC New +2,252,000+2.3m
BANK OF AMERICA CORP /DE/ Added +2,043,000+2.0m
Jefferies Financial Group Inc. New +1,791,000+1.8m

Biggest sellers

LORD, ABBETT & CO. LLC Sold out -32,756,000-32.8m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -28,407,000-28.4m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -14,709,000-14.7m
Lombard Odier Asset Management (Europe) Ltd Sold out -11,300,000-11.3m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -10,685,000-10.7m
SOROS FUND MANAGEMENT LLC Sold out -10,500,000-10.5m
Opti Capital Management, LP Reduced -9,890,000-9.9m
CITADEL ADVISORS LLC Sold out -9,350,000-9.3m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -4,625,000-4.6m
WELLS FARGO & COMPANY/MN Reduced -3,691,000-3.7m

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio ATLANTA, GA 75,335,00075.3m $75.7m $75.7m 0.08% Added +805.0k +805,000
2 TENOR CAPITAL MANAGEMENT Co., L.P. 1.05% of their portfolio NEW YORK, NY 74,534,00074.5m $74.8m $74.8m 1.05% Added +23.0m +23,034,000
3 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 66,274,00066.3m $66.5m $66.5m 0.06% Added +35.0m +35,000,000
4 Calamos Advisors LLC 0.21% of their portfolio NAPERVILLE, IL 44,288,00044.3m $44.4m $44.4m 0.21% Reduced -61.0k -61,000
5 III Capital Management 3.45% of their portfolio BOCA RATON, FL 42,437,00042.4m $42.6m $42.6m 3.45% New
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 41,334,00041.3m $41.6m $41.6m 0.00% Reduced -190.0k -190,000
7 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 35,000,00035.0m $35.0m $35.0m 0.01% Added +750.0k +750,000
8 ADVENT CAPITAL MANAGEMENT /DE/ 0.75% of their portfolio NEW YORK, NY 30,006,00030.0m $30.2m $30.2m 0.75% Reduced -28.4m -28,407,000
9 LMR Partners LLP 0.66% of their portfolio LONDON, X0 30,000,00030.0m $30.0m $30.0m 0.66% Added +11.0m +11,000,000
10 Opti Capital Management, LP 1.76% of their portfolio New York, NY 30,000,00030.0m $30.1m $30.1m 1.76% Reduced -9.9m -9,890,000
11 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.02% of their portfolio NEW YORK, NY 26,250,00026.2m $26.4m $26.4m 1.02% New
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 22,761,00022.8m $22.8m $22.8m 0.00% First filing
13 SHENKMAN CAPITAL MANAGEMENT INC 1.12% of their portfolio NEW YORK, NY 14,063,00014.1m $14.4m $14.4m 1.12% Reduced -14.7m -14,709,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,561,00012.6m $12.6m $12.6m 0.00% Reduced -2.3m -2,349,000
15 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 11,447,00011.4m $11.5m $11.5m 0.00% Reduced -3.3m -3,265,000
16 FMR LLC 0.00% of their portfolio BOSTON, MA 8,190,0008.2m $8.2m $8.2m 0.00% Reduced -85.0k -85,000
17 MacKay Shields LLC 0.22% of their portfolio New York, NY 8,015,0008.0m $8.1m $8.1m 0.22% Unchanged
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,595,0007.6m $7.6m $7.6m 0.00% Added +519.0k +519,000
19 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 6,382,0006.4m $6.4m $6.4m 0.01% Unchanged
20 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
21 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 6,099,0006.1m $6.1m $6.1m 0.01% Reduced -4.6m -4,625,000
22 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,750,0005.8m $5.8m $5.8m 0.01% Unchanged
23 PALISADE CAPITAL MANAGEMENT, LP 0.14% of their portfolio FORT LEE, NJ 5,216,0005.2m $5.2m $5.2m 0.14% Added +150.0k +150,000
24 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.65% of their portfolio Miamisburg, OH 5,000,0005.0m $5.0m $5.0m 0.65% Unchanged
25 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,796,0004.8m $4.8m $4.8m 0.00% Added +3.3m +3,254,000
26 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,674,0004.7m $4.7m $4.7m 0.00% Unchanged
27 SSI INVESTMENT MANAGEMENT LLC 0.34% of their portfolio Los Angeles, CA 4,642,0004.6m $4.6m $4.6m 0.34% Reduced -39.0k -39,000
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,342,0004.3m $4.3m $4.3m 0.00% Reduced -1.7m -1,706,000
29 Amundi 0.00% of their portfolio Paris, I0 4,000,0004.0m $4.0m $4.0m 0.00% Unchanged
30 OAKTREE CAPITAL MANAGEMENT LP 0.04% of their portfolio LOS ANGELES, CA 2,500,0002.5m $2.5m $2.5m 0.04% New
31 Aequim Alternative Investments LP 0.09% of their portfolio MILL VALLEY, CA 2,500,0002.5m $2.5m $2.5m 0.09% Unchanged
32 CSS LLC/IL 0.14% of their portfolio CHICAGO, IL 2,432,0002.4m $2.4m $2.4m 0.14% Unchanged
33 BOOTHBAY FUND MANAGEMENT, LLC 0.07% of their portfolio NEW YORK, NY 2,252,0002.3m $2.3m $2.3m 0.07% New
34 Man Group plc 0.01% of their portfolio LONDON, X0 2,200,0002.2m $2.2m $2.2m 0.01% Reduced -750.0k -750,000
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,057,6002.1m $2.1m $2.1m 0.00% Added +2.0m +2,043,000
36 WESTWOOD HOLDINGS GROUP INC 0.84% of their portfolio DALLAS, TX 2,000,0002.0m $200.0m $200.0m 0.84% Unchanged
37 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,000,0002.0m $2.0m $2.0m 0.00% Unchanged
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,921,0001.9m $1.9m $1.9m 0.00% Added +1.5m +1,454,000
39 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 1,791,0001.8m $1.8m $1.8m 0.03% New
40 Quaero Capital S.A. 1.93% of their portfolio GENEVE, V8 1,600,0001.6m $1.6m $1.6m 1.93% Unchanged
41 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 625,000625.0k $625.0k $625.0k 0.00% Reduced -379.0k -379,000
42 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 494,000494.0k $496.5k $496.5k 0.00% Reduced -51.0k -51,000
43 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 319,000319.0k $320.9k $320.9k 0.00% Reduced -3.7m -3,691,000
44 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 251,000251.0k $251.0k $251.0k 0.03% Unchanged
45 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $201.0k $201.0k 0.00% Unchanged
46 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 183,000183.0k $183.5k $183.5k 0.01% Reduced -1.0k -1,000
47 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 125,000125.0k $125.0k $125.0k 0.00% Reduced -1.0m -1,000,000
48 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 110,000110.0k $110.0k $110.0k 0.00% Added +49.0k +49,000
49 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 75,00075.0k $75.0k $75.0k 0.00% Unchanged
50 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 67,00067.0k $67.0k $67.0k 0.00% Unchanged
51 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 55,00055.0k $55.0k $55.0k 0.00% Added +12.0k +12,000
52 Virtus Investment Advisers, LLC 0.04% of their portfolio HARTFORD, CT 45,00045.0k $45.0k $45.0k 0.04% Unchanged
53 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 36,00036.0k $36.0k $36.0k 0.00% Added +8.0k +8,000
54 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 14,20014.2k $1.4m $1.4m 0.01% Reduced -20.0k -20,010
55 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 13,00013.0k $13.0k $13.0k 0.00% New
56 Boussard & Gavaudan Investment Management LLP 1.08% of their portfolio London, X0 11,80611.8k $11.8m $11.8m 1.08% Added +3.0k +3,000
57 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 10,00010.0k $10.0k $10.0k 0.00% Unchanged
58 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 9,4319.4k $479.2k $479.2k 0.00% Reduced -39.8k -39,818
59 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 9,0009.0k $9.1k $9.1k 0.00% Unchanged
60 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 6,0006.0k $6.0k $6.0k 0.00% Unchanged
61 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,0004.0k $4.0k $4.0k 0.00% Added +1.0k +1,000
62 ODDO BHF ASSET MANAGEMENT SAS 0.04% of their portfolio PARIS, I0 810810 $814.9k $814.9k 0.04% First filing
63 LAFFER TENGLER INVESTMENTS, INC. 0.11% of their portfolio Scottsdale, AZ 537537 $539.3k $539.3k 0.11% Added +11 +11
64 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged