Vault-13

BENTLEY SYS INC BSY 0.375 07.01.27

NOTE 0.375% 7/0 · US DOMESTIC · CUSIP 08265TAD1

63 institutional holders +1 vs Q1 2023
52,193,00052.2m shares reported held*
$6.4bnreported value*
9 new 13 added 17 reduced 8 sold out net sold ≈ $2.7m (+3.2m 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $122.21.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 56Q4 22: 58Q1 23: 62Q2 23: 6363Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202256
Q4 202258
Q1 202362
Q2 202363

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 26 bought or addedQ4 22: 21 cut or sold outQ4 22Q1 23: 26 bought or addedQ1 23: 23 cut or sold outQ1 23Q2 23: 22 bought or addedQ2 23: 25 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222621
Q1 20232623
Q2 20232225

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +16,458,000+16.5m
BlackRock Inc. Added +16,010,000+16.0m
MILLENNIUM MANAGEMENT LLC New +14,100,000+14.1m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +11,500,000+11.5m
III Capital Management New +10,700,000+10.7m
WELLS FARGO & COMPANY/MN Added +10,520,000+10.5m
READYSTATE ASSET MANAGEMENT LP Added +7,500,000+7.5m
TORONTO DOMINION BANK Added +6,463,000+6.5m
Walleye Capital LLC New +5,000,000+5.0m
Centiva Capital, LP New +5,000,000+5.0m

Biggest sellers

SOROS FUND MANAGEMENT LLC Sold out -45,000,000-45.0m
FMR LLC Reduced -36,045,000-36.0m
Nuveen Asset Management, LLC Sold out -10,721,000-10.7m
LAZARD ASSET MANAGEMENT LLC Reduced -5,500,000-5.5m
OAKTREE CAPITAL MANAGEMENT LP Reduced -5,397,000-5.4m
Point72 Asset Management, L.P. Sold out -5,000,000-5.0m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -3,000,000-3.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -2,933,000-2.9m
PUTNAM INVESTMENTS LLC Reduced -2,723,000-2.7m
CREDIT SUISSE AG/ Reduced -1,500,000-1.5m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MANUFACTURERS LIFE INSURANCE COMPANY, THE 3.29% of their portfolio Toronto, A6 65,066,00065.1m $5.9bn $5.9bn 3.29% Unchanged
2 VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio ATLANTA, GA 54,905,00054.9m $49.9m $49.9m 0.05% Unchanged
3 ADVENT CAPITAL MANAGEMENT /DE/ 0.71% of their portfolio NEW YORK, NY 38,770,00038.8m $35.2m $35.2m 0.71% Reduced -2.9m -2,933,000
4 READYSTATE ASSET MANAGEMENT LP 2.30% of their portfolio CHICAGO, IL 25,500,00025.5m $23.2m $23.2m 2.30% Added +7.5m +7,500,000
5 TENOR CAPITAL MANAGEMENT Co., L.P. 0.43% of their portfolio NEW YORK, NY 22,500,00022.5m $20.4m $20.4m 0.43% Added +11.5m +11,500,000
6 Magnetar Financial LLC 0.45% of their portfolio EVANSTON, IL 22,500,00022.5m $20.4m $20.4m 0.45% Added +4.5m +4,500,000
7 BlackRock Inc. 0.00% of their portfolio New York, NY 19,385,00019.4m $17.5m $17.5m 0.00% Added +16.0m +16,010,000
8 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 18,458,00018.5m $16.6m $16.6m 0.03% Added +16.5m +16,458,000
9 Aequim Alternative Investments LP 0.60% of their portfolio MILL VALLEY, CA 17,500,00017.5m $15.9m $15.9m 0.60% Unchanged
10 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 17,000,00017.0m $15.4m $15.4m 0.00% Added +1.2m +1,250,000
11 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 16,522,00016.5m $14.9m $14.9m 0.03% Reduced -1.1m -1,117,000
12 M&G INVESTMENT MANAGEMENT LTD 0.08% of their portfolio London, X0 15,763,00015.8m $14.2m $14.2m 0.08% Unchanged
13 FMR LLC 0.00% of their portfolio BOSTON, MA 14,705,00014.7m $13.3m $13.3m 0.00% Reduced -36.0m -36,045,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,500,00014.5m $13.1m $13.1m 0.00% Added +3.1m +3,100,000
15 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 14,100,00014.1m $12.7m $12.7m 0.01% New
16 HBK INVESTMENTS L P 0.40% of their portfolio DALLAS, TX 14,000,00014.0m $12.7m $12.7m 0.40% Unchanged
17 CAPSTONE INVESTMENT ADVISORS, LLC 0.32% of their portfolio NEW YORK, NY 12,002,00012.0m $10.9m $10.9m 0.32% Unchanged
18 ABSOLUTE INVESTMENT ADVISERS, LLC 1.49% of their portfolio ROSEMARY BEACH, FL 11,767,00011.8m $10.6m $10.6m 1.49% Added +57.0k +57,000
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11,384,00011.4m $10.3m $10.3m 0.00% Added +10.5m +10,520,000
20 III Capital Management 0.76% of their portfolio BOCA RATON, FL 10,700,00010.7m $9.7m $9.7m 0.76% New
21 SHENKMAN CAPITAL MANAGEMENT INC 0.71% of their portfolio NEW YORK, NY 10,012,00010.0m $9.1m $9.1m 0.71% Reduced -78.0k -78,000
22 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 10,000,00010.0m $9.1m $9.1m 0.01% Reduced -5.5m -5,500,000
23 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 9,926,0009.9m $6.2m $6.2m 0.00% Added +6.5m +6,463,000
24 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 9,327,0009.3m $8.4m $8.4m 0.01% Reduced -2.7m -2,723,000
25 Amundi 0.00% of their portfolio Paris, I0 8,704,0008.7m $7.8m $7.8m 0.00% Added +480.0k +480,000
26 Polar Capital Holdings Plc 0.05% of their portfolio London, X0 7,500,0007.5m $6.8m $6.8m 0.05% Unchanged
27 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 6,750,0006.8m $6.1m $6.1m 0.01% Reduced -3.0m -3,000,000
28 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 6,500,0006.5m $5.5m $5.5m 0.01% Reduced -1.5m -1,500,000
29 LMR Partners LLP 0.13% of their portfolio LONDON, X0 6,500,0006.5m $5.9m $5.9m 0.13% Unchanged
30 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 6,423,0006.4m $5.8m $5.8m 0.01% Reduced -491.0k -491,000
31 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 5,996,0006.0m $5.4m $5.4m 0.00% Unchanged
32 DeepCurrents Investment Group LLC 0.21% of their portfolio NEW YORK, NY 5,500,0005.5m $5.0m $5.0m 0.21% Unchanged
33 Centiva Capital, LP 0.23% of their portfolio New York, NY 5,000,0005.0m $4.5m $4.5m 0.23% New
34 Walleye Capital LLC 0.08% of their portfolio NEW YORK, NY 5,000,0005.0m $4.5m $4.5m 0.08% New
35 WOLVERINE ASSET MANAGEMENT LLC 0.08% of their portfolio CHICAGO, IL 4,500,0004.5m $4.1m $4.1m 0.08% New
36 MIZUHO SECURITIES USA LLC 0.12% of their portfolio NEW YORK, NY 4,125,0004.1m $3.7m $3.7m 0.12% Reduced -100.0k -100,000
37 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 3,440,0003.4m $3.1m $3.1m 0.00% Added +165.0k +165,000
38 SSI INVESTMENT MANAGEMENT LLC 0.19% of their portfolio Los Angeles, CA 3,050,0003.0m $2.8m $2.8m 0.19% Unchanged
39 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,658,0002.7m $2.4m $2.4m 0.00% Reduced -1.1m -1,057,000
40 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,500,0002.5m $2.2m $2.2m 0.00% New
41 ONTARIO TEACHERS PENSION PLAN BOARD 0.02% of their portfolio Toronto, A6 2,500,0002.5m $2.3m $2.3m 0.02% Unchanged
42 Daiwa Securities Group Inc. 0.01% of their portfolio CHIYODA-KU,TOKYO, M0 2,500,0002.5m $2.3m $2.3m 0.01% New
43 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,500,0002.5m $2.3m $2.3m 0.00% Unchanged
44 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 2,500,0002.5m $2.3m $2.3m 0.01% Unchanged
45 OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio LOS ANGELES, CA 2,225,0002.2m $2.0m $2.0m 0.03% Reduced -5.4m -5,397,000
46 Man Group plc 0.01% of their portfolio LONDON, X0 1,850,0001.9m $1.7m $1.7m 0.01% Reduced -1.5m -1,500,000
47 ABN AMRO INVESTMENT SOLUTIONS 0.03% of their portfolio PARIS CEDEX 008, I0 1,500,0001.5m $1.4m $1.4m 0.03% Unchanged
48 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 946,000946.0k $855.8k $855.8k 0.00% Reduced -52.0k -52,000
49 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 800,000800.0k $722.4k $722.4k 0.00% Unchanged
50 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 507,000507.0k $459.2k $459.2k 0.01% Reduced -493.0k -493,000
51 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 500,000500.0k $451.5k $451.5k 0.00% Unchanged
52 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $452.3k $452.3k 0.00% Unchanged
53 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 467,000467.0k $422.5k $422.5k 0.00% New
54 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 246,000246.0k $222.1k $222.1k 0.00% Added +30.0k +30,000
55 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $181.0k $181.0k 0.00% Unchanged
56 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 164,000164.0k $148.1k $148.1k 0.00% New
57 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 99,00099.0k $89.4k $89.4k 0.00% Unchanged
58 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 26,00026.0k $24.0k $24.0k 0.00% Unchanged
59 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,0007.0k $6.3k $6.3k 0.00% Unchanged
60 Candriam S.C.A. 0.03% of their portfolio STRASSEN, N4 4,6004.6k $4.2m $4.2m 0.03% Reduced -100 -100
61 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 1,6821.7k $1.5m $1.5m 0.02% Unchanged
62 Context Capital Management, LLC 0.12% of their portfolio LAJOLLA, CA 1,5001.5k $1.4m $1.4m 0.12% Reduced -3.0k -3,000
63 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged