Vault-13

BENTLEY SYS INC BSY 0.125 01.15.26

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

0 institutional holders -40 vs Q4 2025
—reported value*
0 new 0 added 0 reduced 39 sold out net sold ≈ $867.1m (-3.5m 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.

Trends to Q1 2026

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: 58Q1 25: 51Q2 25: 48Q3 25: 47Q4 25: 40Q1 26: 00Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202260
Q4 202254
Q1 202358
Q2 202358
Q3 202370
Q4 202368
Q1 202470
Q2 202471
Q3 202464
Q4 202458
Q1 202551
Q2 202548
Q3 202547
Q4 202540
Q1 20260

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 29 bought or addedQ2 24: 37 cut or sold outQ3 24: 22 bought or addedQ3 24: 31 cut or sold outQ3 24Q4 24: 20 bought or addedQ4 24: 28 cut or sold outQ1 25: 20 bought or addedQ1 25: 29 cut or sold outQ1 25Q2 25: 25 bought or addedQ2 25: 17 cut or sold outQ3 25: 20 bought or addedQ3 25: 23 cut or sold outQ3 25Q4 25: 16 bought or addedQ4 25: 31 cut or sold outQ1 26: 0 bought or addedQ1 26: 39 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242937
Q3 20242231
Q4 20242028
Q1 20252029
Q2 20252517
Q3 20252023
Q4 20251631
Q1 2026039

Biggest buyers

None

Biggest sellers

TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -151,995,000-152.0m
MILLENNIUM MANAGEMENT LLC Sold out -79,264,000-79.3m
OSTERWEIS CAPITAL MANAGEMENT INC Sold out -75,804,000-75.8m
GLAZER CAPITAL, LLC Sold out -58,206,000-58.2m
Radcliffe Capital Management, L.P. Sold out -48,716,000-48.7m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -28,559,000-28.6m
Jain Global LLC Sold out -22,891,000-22.9m
Crossingbridge Advisors, LLC Sold out -22,500,000-22.5m
Kohlberg Kravis Roberts & Co. L.P. Sold out -20,011,000-20.0m
Aequim Alternative Investments LP Sold out -20,000,000-20.0m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change