Vault-13

BENTLEY SYS INC BSY 0.125 01.15.26

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

58 institutional holders -6 vs Q3 2024
20,039,86020.0m shares reported held*
$649.1mreported value*
3 new 17 added 16 reduced 12 sold out net sold ≈ $24.5m (+134.3k 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 ≈ $32.39.

Trends to Q4 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: 64Q4 24: 5858Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202260
Q4 202254
Q1 202358
Q2 202358
Q3 202370
Q4 202368
Q1 202470
Q2 202471
Q3 202464
Q4 202458

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 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 24Q3 24: 22 bought or addedQ3 24: 31 cut or sold outQ4 24: 20 bought or addedQ4 24: 28 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20233118
Q2 20232324
Q3 20232924
Q4 20233021
Q1 20242434
Q2 20242937
Q3 20242231
Q4 20242028

Biggest buyers

SHENKMAN CAPITAL MANAGEMENT INC Added +29,360,000+29.4m
SOROS FUND MANAGEMENT LLC New +23,000,000+23.0m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +18,242,000+18.2m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +13,296,000+13.3m
MILLENNIUM MANAGEMENT LLC Added +7,200,000+7.2m
STATE STREET CORP Added +3,600,000+3.6m
JANE STREET GROUP, LLC New +2,815,000+2.8m
MORGAN STANLEY Added +2,140,000+2.1m
Man Group plc Added +2,000,000+2.0m
DEUTSCHE BANK AG\ New +1,807,000+1.8m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -39,585,000-39.6m
Nuveen Asset Management, LLC Sold out -35,000,000-35.0m
JPMORGAN CHASE & CO Reduced -20,456,000-20.5m
III Capital Management Reduced -6,832,000-6.8m
SCHRODER INVESTMENT MANAGEMENT GROUP Sold out -6,099,000-6.1m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -4,387,000-4.4m
Amundi Sold out -4,000,000-4.0m
SSI INVESTMENT MANAGEMENT LLC Reduced -3,879,000-3.9m
Invesco Ltd. Reduced -3,000,000-3.0m
NEW YORK STATE COMMON RETIREMENT FUND Reduced -2,571,000-2.6m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 1.27% of their portfolio NEW YORK, NY 92,776,00092.8m $90.3m $90.3m 1.27% Added +18.2m +18,242,000
2 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 73,474,00073.5m $71.3m $71.3m 0.06% Added +7.2m +7,200,000
3 Calamos Advisors LLC 0.20% of their portfolio NAPERVILLE, IL 44,164,00044.2m $43.0m $43.0m 0.20% Reduced -124.0k -124,000
4 SHENKMAN CAPITAL MANAGEMENT INC 3.78% of their portfolio NEW YORK, NY 43,423,00043.4m $43.0m $43.0m 3.78% Added +29.4m +29,360,000
5 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.48% of their portfolio NEW YORK, NY 39,546,00039.5m $38.6m $38.6m 1.48% Added +13.3m +13,296,000
6 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 35,750,00035.8m $34.9m $34.9m 0.04% Reduced -39.6m -39,585,000
7 III Capital Management 5.81% of their portfolio BOCA RATON, FL 35,605,00035.6m $34.6m $34.6m 5.81% Reduced -6.8m -6,832,000
8 LMR Partners LLP 0.51% of their portfolio LONDON, X0 30,000,00030.0m $29.1m $29.1m 0.51% Unchanged
9 Opti Capital Management, LP 1.31% of their portfolio New York, NY 30,000,00030.0m $29.4m $29.4m 1.31% Unchanged
10 ADVENT CAPITAL MANAGEMENT /DE/ 0.58% of their portfolio NEW YORK, NY 25,619,00025.6m $25.0m $25.0m 0.58% Reduced -4.4m -4,387,000
11 BlackRock, Inc. 0.00% of their portfolio New York, NY 24,361,00024.4m $23.6m $23.6m 0.00% Added +1.6m +1,600,000
12 SOROS FUND MANAGEMENT LLC 0.39% of their portfolio NEW YORK, NY 23,000,00023.0m $22.4m $22.4m 0.39% New
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 20,878,00020.9m $20.4m $20.4m 0.00% Reduced -20.5m -20,456,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 16,161,00016.2m $15.7m $15.7m 0.00% Added +3.6m +3,600,000
15 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 11,272,00011.3m $11.0m $11.0m 0.00% Reduced -175.0k -175,000
16 SUSQUEHANNA ADVISORS GROUP, INC. 0.36% of their portfolio BALA CYNWYD, PA 10,000,00010.0m $9.7m $9.7m 0.36% First filing
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,735,0009.7m $9.4m $9.4m 0.00% Added +2.1m +2,140,000
18 Union Bancaire Privee, UBP SA 0.16% of their portfolio GENEVA 1, V8 9,675,0009.7m $9.0m $9.0m 0.16% First filing
19 FMR LLC 0.00% of their portfolio BOSTON, MA 8,730,0008.7m $8.5m $8.5m 0.00% Added +540.0k +540,000
20 MacKay Shields LLC 0.23% of their portfolio New York, NY 8,106,0008.1m $7.9m $7.9m 0.23% Added +91.0k +91,000
21 OFI INVEST ASSET MANAGEMENT 0.15% of their portfolio ISSY LES MOULINEAUX, I0 7,000,0007.0m $6.5m $6.5m 0.15% First filing
22 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,300,0006.3m $6.1m $6.1m 0.02% Unchanged
23 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,000,0006.0m $5.8m $5.8m 0.01% Added +250.0k +250,000
24 PALISADE CAPITAL MANAGEMENT, LP 0.13% of their portfolio FORT LEE, NJ 5,200,0005.2m $5.0m $5.0m 0.13% Reduced -16.0k -16,000
25 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.64% of their portfolio Miamisburg, OH 5,000,0005.0m $4.8m $4.8m 0.64% Unchanged
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,739,0004.7m $4.6m $4.6m 0.00% Added +397.0k +397,000
27 Man Group plc 0.01% of their portfolio LONDON, X0 4,200,0004.2m $4.1m $4.1m 0.01% Added +2.0m +2,000,000
28 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 3,811,0003.8m $3.7m $3.7m 0.00% Reduced -2.6m -2,571,000
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,667,4003.7m $3.6m $3.6m 0.00% Added +1.6m +1,609,800
30 CSS LLC/IL 0.18% of their portfolio CHICAGO, IL 3,096,0003.1m $3.0m $3.0m 0.18% Added +664.0k +664,000
31 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,080,0003.1m $3.0m $3.0m 0.00% Reduced -1.7m -1,716,000
32 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,815,0002.8m $2.7m $2.7m 0.00% New
33 OAKTREE CAPITAL MANAGEMENT LP 0.05% of their portfolio LOS ANGELES, CA 2,500,0002.5m $2.4m $2.4m 0.05% Unchanged
34 Aequim Alternative Investments LP 0.08% of their portfolio MILL VALLEY, CA 2,500,0002.5m $2.4m $2.4m 0.08% Unchanged
35 WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio DALLAS, TX 2,000,0002.0m $1.9m $1.9m 0.01% Unchanged
36 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,000,0002.0m $2.0m $2.0m 0.00% Unchanged
37 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,807,0001.8m $1.8m $1.8m 0.00% New
38 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,674,0001.7m $1.6m $1.6m 0.00% Reduced -3.0m -3,000,000
39 Quaero Capital S.A. 1.98% of their portfolio GENEVE, V8 1,600,0001.6m $1.6m $1.6m 1.98% Unchanged
40 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,146,0001.1m $1.1m $1.1m 0.00% Added +521.0k +521,000
41 SSI INVESTMENT MANAGEMENT LLC 0.06% of their portfolio Los Angeles, CA 763,000763.0k $740.1k $740.1k 0.06% Reduced -3.9m -3,879,000
42 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 574,000574.0k $559.6k $559.6k 0.00% Added +80.0k +80,000
43 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 329,000329.0k $319.9k $319.9k 0.00% Added +10.0k +10,000
44 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $195.0k $195.0k 0.00% Unchanged
45 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 153,000153.0k $148.8k $148.8k 0.01% Reduced -30.0k -30,000
46 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 75,00075.0k $72.8k $72.8k 0.00% Unchanged
47 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 36,00036.0k $34.9k $34.9k 0.00% First filing
48 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 36,00036.0k $34.9k $34.9k 0.00% Unchanged
49 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 23,00023.0k $22.3k $22.3k 0.00% Reduced -87.0k -87,000
50 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 14,20014.2k $1.4m $1.4m 0.01% Unchanged
51 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 9,0489.0k $422.6k $422.6k 0.00% Reduced -383 -383
52 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 9,0009.0k $8.8k $8.8k 0.00% Unchanged
53 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 7,0007.0k $6.8k $6.8k 0.00% Reduced -1.9m -1,914,000
54 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 6,0006.0k $5.8k $5.8k 0.00% Unchanged
55 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,0004.0k $3.9k $3.9k 0.00% Unchanged
56 ODDO BHF ASSET MANAGEMENT SAS 0.04% of their portfolio PARIS, I0 810810 $788.1k $788.1k 0.04% Unchanged
57 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 22 $1 $1 0.00% Reduced -10.0k -9,998
58 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged