Vault-13

BENTLEY SYS INC BSY 0.375 07.01.27

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

56 institutional holders -5 vs Q3 2024
23,508,75923.5m shares reported held*
$500.0mreported value*
4 new 13 added 11 reduced 10 sold out net sold ≈ $58.6m (+4.2m 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. Holder counts are more reliable. Implied quarter-end price ≈ $21.27.

Trends to Q4 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: 61Q4 24: 5656Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202256
Q4 202258
Q1 202362
Q2 202363
Q3 202358
Q4 202357
Q1 202463
Q2 202467
Q3 202461
Q4 202456

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 23: 26 bought or addedQ1 23: 23 cut or sold outQ2 23: 22 bought or addedQ2 23: 25 cut or sold outQ2 23Q3 23: 21 bought or addedQ3 23: 21 cut or sold outQ4 23: 20 bought or addedQ4 23: 25 cut or sold outQ4 23Q1 24: 29 bought or addedQ1 24: 17 cut or sold outQ2 24: 32 bought or addedQ2 24: 31 cut or sold outQ2 24Q3 24: 20 bought or addedQ3 24: 30 cut or sold outQ4 24: 17 bought or addedQ4 24: 21 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20232623
Q2 20232225
Q3 20232121
Q4 20232025
Q1 20242917
Q2 20243231
Q3 20242030
Q4 20241721

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS Added +20,757,000+20.8m
KIM, LLC New +8,000,000+8.0m
Balyasny Asset Management L.P. Added +5,750,000+5.8m
Aequim Alternative Investments LP Added +4,000,000+4.0m
Polar Capital Holdings Plc New +3,000,000+3.0m
JANE STREET GROUP, LLC Added +2,907,000+2.9m
CSS LLC/IL Added +2,850,000+2.9m
BANK OF MONTREAL /CAN/ Added +2,074,000+2.1m
MORGAN STANLEY Added +1,988,000+2.0m
Daiwa Securities Group Inc. New +1,786,000+1.8m

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -49,629,000-49.6m
CITADEL ADVISORS LLC Sold out -17,500,000-17.5m
Flow State Investments, L.P. Sold out -9,000,000-9.0m
Verition Fund Management LLC Sold out -6,486,000-6.5m
Walleye Capital LLC Sold out -6,250,000-6.2m
VOYA INVESTMENT MANAGEMENT LLC Reduced -6,180,000-6.2m
JPMORGAN CHASE & CO Reduced -5,744,000-5.7m
WOLVERINE ASSET MANAGEMENT LLC Reduced -5,000,000-5.0m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -4,500,000-4.5m
FRANKLIN RESOURCES INC Reduced -2,643,000-2.6m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 43,615,00043.6m $39.4m $39.4m 0.03% Unchanged
2 READYSTATE ASSET MANAGEMENT LP 1.43% of their portfolio CHICAGO, IL 37,690,00037.7m $34.0m $34.0m 1.43% Unchanged
3 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 35,225,00035.2m $31.8m $31.8m 0.03% Reduced -6.2m -6,180,000
4 AQR Arbitrage LLC 0.71% of their portfolio Greenwich, CT 33,265,00033.3m $30.0m $30.0m 0.71% Unchanged
5 SUSQUEHANNA ADVISORS GROUP, INC. 1.08% of their portfolio BALA CYNWYD, PA 32,515,00032.5m $29.1m $29.1m 1.08% First filing
6 TENOR CAPITAL MANAGEMENT Co., L.P. 0.39% of their portfolio NEW YORK, NY 31,061,00031.1m $28.1m $28.1m 0.39% Unchanged
7 DeepCurrents Investment Group LLC 0.73% of their portfolio NEW YORK, NY 24,500,00024.5m $22.1m $22.1m 0.73% Unchanged
8 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 24,426,00024.4m $22.0m $22.0m 0.02% Added +20.8m +20,757,000
9 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 23,409,00023.4m $21.1m $21.1m 0.01% Reduced -1.5m -1,535,000
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 22,435,00022.4m $20.2m $20.2m 0.00% Added +1.6m +1,550,000
11 CAPSTONE INVESTMENT ADVISORS, LLC 0.15% of their portfolio NEW YORK, NY 16,752,00016.8m $15.1m $15.1m 0.15% Unchanged
12 Aequim Alternative Investments LP 0.45% of their portfolio MILL VALLEY, CA 15,500,00015.5m $14.0m $14.0m 0.45% Added +4.0m +4,000,000
13 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 14,000,00014.0m $12.6m $12.6m 0.00% Unchanged
14 SILVERBACK ASSET MANAGEMENT LLC 1.90% of their portfolio DURHAM, NC 14,000,00014.0m $12.6m $12.6m 1.90% Unchanged
15 ABSOLUTE INVESTMENT ADVISERS, LLC 1.45% of their portfolio ROSEMARY BEACH, FL 12,500,00012.5m $11.3m $11.3m 1.45% Unchanged
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,750,00011.8m $10.6m $10.6m 0.00% Reduced -2.0m -2,000,000
17 Amundi 0.00% of their portfolio Paris, I0 10,204,00010.2m $9.2m $9.2m 0.00% Unchanged
18 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 10,000,00010.0m $9.0m $9.0m 0.02% Added +5.8m +5,750,000
19 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 9,074,0009.1m $8.2m $8.2m 0.00% Added +2.1m +2,074,000
20 FMR LLC 0.00% of their portfolio BOSTON, MA 8,605,0008.6m $7.7m $7.7m 0.00% Added +490.0k +490,000
21 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 8,371,0008.4m $7.6m $7.6m 0.00% Reduced -2.6m -2,643,000
22 KIM, LLC 1.02% of their portfolio WICHITA, KS 8,000,0008.0m $7.2m $7.2m 1.02% New
23 WOLVERINE ASSET MANAGEMENT LLC 0.11% of their portfolio CHICAGO, IL 7,000,0007.0m $6.3m $6.3m 0.11% Reduced -5.0m -5,000,000
24 LMR Partners LLP 0.10% of their portfolio LONDON, X0 6,500,0006.5m $5.8m $5.8m 0.10% Unchanged
25 RWC Asset Management LLP 0.27% of their portfolio LONDON, X0 6,000,0006.0m $5.4m $5.4m 0.27% Unchanged
26 WATER ISLAND CAPITAL LLC 0.54% of their portfolio NEW YORK, NY 5,000,0005.0m $4.5m $4.5m 0.54% Unchanged
27 CSS LLC/IL 0.26% of their portfolio CHICAGO, IL 4,850,0004.8m $4.4m $4.4m 0.26% Added +2.9m +2,850,000
28 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,466,0004.5m $4.0m $4.0m 0.00% Unchanged
29 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 4,207,0004.2m $3.8m $3.8m 0.01% Added +2.9m +2,907,000
30 Parallax Volatility Advisers, L.P. 0.08% of their portfolio San Francisco, CA 4,100,0004.1m $3.7m $3.7m 0.08% Unchanged
31 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 4,000,0004.0m $3.6m $3.6m 0.01% Added +1.0m +1,037,000
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,486,0003.5m $3.2m $3.2m 0.00% Reduced -5.7m -5,744,000
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,252,0003.3m $2.9m $2.9m 0.00% Unchanged
34 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 3,250,0003.2m $2.9m $2.9m 0.00% Unchanged
35 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,027,0003.0m $2.7m $2.7m 0.00% Reduced -950.0k -950,000
36 Polar Capital Holdings Plc 0.02% of their portfolio London, X0 3,000,0003.0m $2.7m $2.7m 0.02% New
37 SSI INVESTMENT MANAGEMENT LLC 0.17% of their portfolio Los Angeles, CA 2,500,0002.5m $2.3m $2.3m 0.17% Unchanged
38 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 2,500,0002.5m $2.2m $2.2m 0.01% Unchanged
39 PALISADE CAPITAL MANAGEMENT, LP 0.05% of their portfolio FORT LEE, NJ 2,193,0002.2m $2.0m $2.0m 0.05% Reduced -7.0k -7,000
40 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,187,0002.2m $2.0m $2.0m 0.00% Added +2.0m +1,988,000
41 ADVENT CAPITAL MANAGEMENT /DE/ 0.04% of their portfolio NEW YORK, NY 1,980,0002.0m $1.8m $1.8m 0.04% Reduced -1.8m -1,786,000
42 Man Group plc 0.01% of their portfolio LONDON, X0 1,900,0001.9m $1.7m $1.7m 0.01% Unchanged
43 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,866,0001.9m $1.7m $1.7m 0.00% Added +1.6m +1,605,000
44 Daiwa Securities Group Inc. 0.01% of their portfolio CHIYODA-KU,TOKYO, M0 1,786,0001.8m $1.6m $1.6m 0.01% New
45 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.12% of their portfolio Miamisburg, OH 1,000,0001.0m $901.0k $901.0k 0.12% Unchanged
46 ABN AMRO INVESTMENT SOLUTIONS 0.02% of their portfolio PARIS CEDEX 008, I0 1,000,0001.0m $904.9k $904.9k 0.02% Unchanged
47 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 874,000874.0k $787.0k $787.0k 0.00% Added +567.0k +567,000
48 DNCA FINANCE 0.06% of their portfolio PARIS, I0 850,000850.0k $767.5k $767.5k 0.06% Reduced -500.0k -500,000
49 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 250,000250.0k $226.4k $226.4k 0.00% Unchanged
50 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $180.0k $180.0k 0.00% Unchanged
51 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 199,382199.4k $9.3m $9.3m 0.01% New
52 NOMURA HOLDINGS INC 0.03% of their portfolio TOKYO, M0 102,377102.4k $4.8m $4.8m 0.03% Added +19.8k +19,759
53 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 10,20010.2k $921.0k $921.0k 0.00% Unchanged
54 Context Capital Management, LLC 0.18% of their portfolio LAJOLLA, CA 5,0005.0k $4.5m $4.5m 0.18% Unchanged
55 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 2,8002.8k $2.5m $2.5m 0.01% Reduced -2.8k -2,800
56 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged