Vault-13

BENTLEY SYS INC BSY 0.375 07.01.27

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

61 institutional holders -6 vs Q2 2024
19,345,61819.3m shares reported held*
$528.2mreported value*
6 new 14 added 18 reduced 12 sold out net bought ≈ $13.6m (-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 ($6.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.61.

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 56Q4 22: 58Q1 23: 62Q2 23: 63Q3 23: 58Q4 23: 57Q1 24: 63Q2 24: 67Q3 24: 6161Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202256
Q4 202258
Q1 202362
Q2 202363
Q3 202358
Q4 202357
Q1 202463
Q2 202467
Q3 202461

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 outQ1 23: 26 bought or addedQ1 23: 23 cut or sold outQ1 23Q2 23: 22 bought or addedQ2 23: 25 cut or sold outQ3 23: 21 bought or addedQ3 23: 21 cut or sold outQ3 23Q4 23: 20 bought or addedQ4 23: 25 cut or sold outQ1 24: 29 bought or addedQ1 24: 17 cut or sold outQ1 24Q2 24: 32 bought or addedQ2 24: 31 cut or sold outQ3 24: 20 bought or addedQ3 24: 30 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222621
Q1 20232623
Q2 20232225
Q3 20232121
Q4 20232025
Q1 20242917
Q2 20243231
Q3 20242030

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +38,615,000+38.6m
DeepCurrents Investment Group LLC Added +13,000,000+13.0m
READYSTATE ASSET MANAGEMENT LP Added +9,190,000+9.2m
AQR Arbitrage LLC Added +8,850,000+8.8m
BANK OF MONTREAL /CAN/ New +7,000,000+7.0m
Walleye Capital LLC New +6,250,000+6.2m
JPMORGAN CHASE & CO Added +5,046,000+5.0m
Balyasny Asset Management L.P. New +4,250,000+4.2m
Verition Fund Management LLC Added +2,971,000+3.0m
Parallax Volatility Advisers, L.P. Added +2,600,000+2.6m

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Reduced -26,485,000-26.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -17,279,000-17.3m
Paloma Partners Management Co Sold out -9,221,000-9.2m
LMR Partners LLP Reduced -7,500,000-7.5m
CAMDEN ASSET MANAGEMENT L P /CA Sold out -5,012,000-5.0m
Shaolin Capital Management LLC Sold out -4,872,000-4.9m
NEW YORK STATE COMMON RETIREMENT FUND Sold out -4,115,000-4.1m
WELLINGTON MANAGEMENT GROUP LLP Sold out -3,147,000-3.1m
WELLS FARGO & COMPANY/MN Reduced -2,923,000-2.9m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -2,618,000-2.6m

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio BALA CYNWYD, PA 49,629,00049.6m $45.6m $45.6m 0.08% Reduced -17.3m -17,279,000
2 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 43,615,00043.6m $40.3m $40.3m 0.03% Added +38.6m +38,615,000
3 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 41,405,00041.4m $38.4m $38.4m 0.04% Reduced -2.5m -2,500,000
4 READYSTATE ASSET MANAGEMENT LP 1.82% of their portfolio CHICAGO, IL 37,690,00037.7m $34.9m $34.9m 1.82% Added +9.2m +9,190,000
5 AQR Arbitrage LLC 0.72% of their portfolio Greenwich, CT 33,265,00033.3m $30.8m $30.8m 0.72% Added +8.8m +8,850,000
6 TENOR CAPITAL MANAGEMENT Co., L.P. 0.40% of their portfolio NEW YORK, NY 31,061,00031.1m $28.7m $28.7m 0.40% Unchanged
7 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 24,944,00024.9m $23.0m $23.0m 0.01% Reduced -2.9m -2,923,000
8 DeepCurrents Investment Group LLC 0.72% of their portfolio NEW YORK, NY 24,500,00024.5m $22.6m $22.6m 0.72% Added +13.0m +13,000,000
9 BlackRock, Inc. 0.00% of their portfolio New York, NY 20,885,00020.9m $19.3m $19.3m 0.00% First filing
10 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 17,500,00017.5m $16.2m $16.2m 0.02% Unchanged
11 CAPSTONE INVESTMENT ADVISORS, LLC 0.30% of their portfolio NEW YORK, NY 16,752,00016.8m $15.5m $15.5m 0.30% Unchanged
12 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 14,000,00014.0m $12.9m $12.9m 0.00% Unchanged
13 SILVERBACK ASSET MANAGEMENT LLC 1.81% of their portfolio DURHAM, NC 14,000,00014.0m $12.9m $12.9m 1.81% Added +2.5m +2,500,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,750,00013.8m $12.7m $12.7m 0.00% Added +2.0m +2,000,000
15 ABSOLUTE INVESTMENT ADVISERS, LLC 1.57% of their portfolio ROSEMARY BEACH, FL 12,500,00012.5m $11.5m $11.5m 1.57% Reduced -324.0k -324,000
16 WOLVERINE ASSET MANAGEMENT LLC 0.20% of their portfolio CHICAGO, IL 12,000,00012.0m $11.1m $11.1m 0.20% Unchanged
17 Aequim Alternative Investments LP 0.38% of their portfolio MILL VALLEY, CA 11,500,00011.5m $10.7m $10.7m 0.38% Added +1.5m +1,500,000
18 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 11,014,00011.0m $10.2m $10.2m 0.00% Reduced -371.0k -371,000
19 Amundi 0.00% of their portfolio Paris, I0 10,204,00010.2m $9.3m $9.3m 0.00% Unchanged
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 9,230,0009.2m $8.3m $8.3m 0.00% Added +5.0m +5,046,000
21 Flow State Investments, L.P. 3.68% of their portfolio CHICAGO, IL 9,000,0009.0m $8.3m $8.3m 3.68% Reduced -2.0m -2,000,000
22 FMR LLC 0.00% of their portfolio BOSTON, MA 8,115,0008.1m $7.5m $7.5m 0.00% Reduced -290.0k -290,000
23 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,000,0007.0m $6.5m $6.5m 0.00% New
24 LMR Partners LLP 0.13% of their portfolio LONDON, X0 6,500,0006.5m $6.0m $6.0m 0.13% Reduced -7.5m -7,500,000
25 Verition Fund Management LLC 0.04% of their portfolio GREENWICH, CT 6,486,0006.5m $6.0m $6.0m 0.04% Added +3.0m +2,971,000
26 Walleye Capital LLC 0.06% of their portfolio NEW YORK, NY 6,250,0006.2m $5.8m $5.8m 0.06% New
27 RWC Asset Management LLP 0.32% of their portfolio LONDON, X0 6,000,0006.0m $5.5m $5.5m 0.32% Unchanged
28 WATER ISLAND CAPITAL LLC 0.48% of their portfolio NEW YORK, NY 5,000,0005.0m $4.6m $4.6m 0.48% Added +2.5m +2,500,000
29 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 4,500,0004.5m $4.1m $4.1m 0.00% Unchanged
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,466,0004.5m $4.1m $4.1m 0.00% Unchanged
31 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 4,250,0004.2m $3.9m $3.9m 0.01% New
32 Parallax Volatility Advisers, L.P. 0.10% of their portfolio San Francisco, CA 4,100,0004.1m $3.8m $3.8m 0.10% Added +2.6m +2,600,000
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,977,0004.0m $3.7m $3.7m 0.00% Reduced -350.0k -350,000
34 ADVENT CAPITAL MANAGEMENT /DE/ 0.09% of their portfolio NEW YORK, NY 3,766,0003.8m $3.5m $3.5m 0.09% Reduced -26.5m -26,485,000
35 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,669,0003.7m $3.4m $3.4m 0.00% Reduced -1.1m -1,098,000
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,252,0003.3m $3.0m $3.0m 0.00% Reduced -48.0k -48,000
37 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 3,250,0003.2m $3.0m $3.0m 0.00% Reduced -250.0k -250,000
38 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,963,0003.0m $2.7m $2.7m 0.00% Unchanged
39 SSI INVESTMENT MANAGEMENT LLC 0.17% of their portfolio Los Angeles, CA 2,500,0002.5m $2.3m $2.3m 0.17% Reduced -250.0k -250,000
40 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
41 PALISADE CAPITAL MANAGEMENT, LP 0.05% of their portfolio FORT LEE, NJ 2,200,0002.2m $2.0m $2.0m 0.05% New
42 CSS LLC/IL 0.11% of their portfolio CHICAGO, IL 2,000,0002.0m $1.8m $1.8m 0.11% Unchanged
43 Man Group plc 0.00% of their portfolio LONDON, X0 1,900,0001.9m $1.7m $1.7m 0.00% Unchanged
44 Lombard Odier Asset Management (Europe) Ltd 0.06% of their portfolio LONDON, X0 1,500,0001.5m $1.4m $1.4m 0.06% New
45 DNCA FINANCE 0.11% of their portfolio PARIS, I0 1,350,0001.4m $1.2m $1.2m 0.11% Unchanged
46 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,300,0001.3m $1.2m $1.2m 0.00% Added +1.2m +1,225,000
47 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.12% of their portfolio Miamisburg, OH 1,000,0001.0m $922.0k $922.0k 0.12% Unchanged
48 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,000,0001.0m $922.0k $922.0k 0.00% Unchanged
49 ABN AMRO INVESTMENT SOLUTIONS 0.02% of their portfolio PARIS CEDEX 008, I0 1,000,0001.0m $927.9k $927.9k 0.02% Reduced -200.0k -200,000
50 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 803,000803.0k $736.4k $736.4k 0.00% Reduced -2.6m -2,618,000
51 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 500,000500.0k $461.0k $461.0k 0.00% Unchanged
52 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 307,000307.0k $283.1k $283.1k 0.00% New
53 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 261,000261.0k $240.4k $240.4k 0.00% Reduced -1.8m -1,788,000
54 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 250,000250.0k $230.9k $230.9k 0.00% Unchanged
55 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $184.0k $184.0k 0.00% Unchanged
56 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 199,000199.0k $183.5k $183.5k 0.00% Reduced -1.3m -1,300,000
57 NOMURA HOLDINGS INC 0.03% of their portfolio TOKYO, M0 82,61882.6k $4.2m $4.2m 0.03% Added +18.1k +18,064
58 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 10,20010.2k $940.0k $940.0k 0.00% Unchanged
59 Candriam S.C.A. 0.03% of their portfolio STRASSEN, N4 5,6005.6k $5.2m $5.2m 0.03% Added +2.0k +2,000
60 Context Capital Management, LLC 0.13% of their portfolio LAJOLLA, CA 5,0005.0k $4.6m $4.6m 0.13% Unchanged
61 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged