BSY
Bentley Systems, Incorporated · Technology · Software - Application
Momentum inputs (comparable managers):
holder breadth +22.2% ·
share flow -4.7% ·
net new positions +18.2%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 118 | -3 | 109.82M | $3.28B | +7 | −9 |
| Q1 2026 | 123 | -14 | 104.99M | $3.69B | +6 | −21 |
| Q4 2025 | 138 | +2 | 119.46M | $4.62B | +4 | −1 |
| Q3 2025 | 20 | 0 | 54.59M | $2.81B | +2 | −3 |
| Q2 2025 | 18 | +2 | 45.42M | $2.45B | +2 | — |
| Q1 2025 | 13 | -2 | 10.21M | $401.29M | — | −2 |
| Q4 2024 | 15 | +3 | 8.67M | $404.62M | +3 | — |
| Q3 2024 | 11 | +2 | 5.30M | $268.92M | +3 | −1 |
| Q2 2024 | 9 | — | 5.56M | $274.26M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Geode Capital Management ✦ (passive) | 3.01M | -19.9% | $152.60M | 0.0% | ▼ Trim | 2 | SEC ↗ ×2 |
| 2 | Millennium Management ✦ | 826.73K | +107.3% | $42.01M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 3 | Bridgewater Associates ✦ | 556.68K | +6.4% | $28.29M | 0.2% | ▲ Add | 2 | SEC ↗ |
| 4 | T. Rowe Price ✦ | 319.85K | -8.7% | $16.25M | 0.0% | ▼ Trim | 2 | SEC ↗ ×2 |
| 5 | D. E. Shaw & Co. ✦ | 317.41K | +28.5% | $16.13M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 6 | Citadel Advisors ✦ | 89.70K | -59.5% | $4.56M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 7 | Marshall Wace ✦ | 53.24K | New | $2.71M | 0.0% | New | 1 | SEC ↗ ×2 |
| 8 | Renaissance Technologies ✦ | 43.90K | New | $2.23M | 0.0% | New | 1 | SEC ↗ |
| 9 | Gotham Asset Management ✦ | 41.85K | +32.5% | $2.13M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 10 | Two Sigma Investments ✦ | 30.01K | +73.2% | $1.52M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 11 | Adage Capital Partners ✦ | 10.00K | New | $508,100 | 0.0% | New | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Marshall Wace | $2.71M | 0.0% |
| Renaissance Technologies | $2.23M | 0.0% |
| Adage Capital Partners | $508,100 | 0.0% |
Exited
| Norges Bank | $559,940 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 440 holders, 149.73M shares, $4.81B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.