BSY
Bentley Systems, Incorporated · Technology · Software - Application
Momentum inputs (comparable managers):
holder breadth +12.5% ·
share flow -0.4% ·
net new positions +11.1%
· formula
Ownership fragmentation: more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 14.12K | $490,833 | n/a | n/a |
| Q2 2026 | 117 | -2 | 109.82M | $3.28B | +7 | −10 |
| 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 | n/a |
| Q1 2025 | 13 | -2 | 10.21M | $401.29M | n/a | −2 |
| Q4 2024 | 15 | +3 | 8.67M | $404.62M | +3 | n/a |
| Q3 2024 | 11 | +2 | 5.30M | $268.92M | +3 | −1 |
| Q2 2024 | 9 | n/a | 5.56M | $274.26M | n/a | n/a |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 18.28M | n/a | $986.49M | 0.0% | n/c | 1 | SEC ↗ ×21 |
| 2 | The Vanguard Group ✦ (passive) | 16.82M | n/a | $907.51M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 3 | State Street Global Advisors ✦ (passive) | 3.64M | +9.3% | $196.47M | 0.0% | ▲ Add | 3 | SEC ↗ ×2 |
| 4 | Geode Capital Management ✦ (passive) | 3.23M | +5.0% | $173.88M | 0.0% | ▲ Add | 5 | SEC ↗ ×2 |
| 5 | Norges Bank ✦ (passive) | 1.05M | +1915.9% | $56.45M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 6 | Marshall Wace ✦ | 553.49K | +915.4% | $29.87M | 0.0% | ▲ Add | 4 | SEC ↗ ×3 |
| 7 | Renaissance Technologies ✦ | 399.80K | +39.1% | $21.58M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 8 | Fidelity (FMR) ✦ | 296.81K | n/a | $16.02M | 0.0% | n/c | 1 | SEC ↗ ×6 |
| 9 | D. E. Shaw & Co. ✦ | 225.18K | -75.3% | $12.15M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 10 | Citadel Advisors ✦ | 205.58K | +118.4% | $11.10M | 0.0% | ▲ Add | 5 | SEC ↗ ×2 |
| 11 | Millennium Management ✦ | 155.59K | -90.5% | $8.40M | 0.0% | ▼ Trim | 5 | SEC ↗ ×2 |
| 12 | Arrowstreet Capital ✦ | 155.32K | -22.3% | $8.38M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 13 | Fisher Asset Management ✦ | 140.83K | -12.2% | $7.60M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 14 | T. Rowe Price ✦ | 101.87K | +2.1% | $5.50M | 0.0% | ▲ Add | 5 | SEC ↗ ×2 |
| 15 | Gotham Asset Management ✦ | 80.97K | +51.5% | $4.37M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 16 | Two Sigma Investments ✦ | 71.76K | -72.1% | $3.87M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 17 | Wellington Management ✦ | 13.11K | New | $707,493 | 0.0% | New | 1 | SEC ↗ ×6 |
| 18 | AQR Capital Management ✦ | 13.09K | New | $698,438 | 0.0% | New | 1 | SEC ↗ ×5 |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| Wellington Management | $707,493 | 0.0% |
| AQR Capital Management | $698,438 | 0.0% |
Exited
| No tracked exits this quarter. |
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.