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Bentley Systems (BSY): which funds own it

Information Technology →(by SIC code, unreviewed)Data as of Jun 30, 2026 (Q2 2026) · updated on Nov 5, 2026

A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.

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Sections with a free account

2 concentrated managers hold it (+1 vs last quarter) with a median weight of 2.2%.

Who owns Bentley Systems?

Holders that filed a Schedule 13D or 13G with the SEC for owning more than 5% of the Class B shares: Barry J. Bentley (13G/A filed Feb 5, 2025), Bentley Corinne Patricia (13G/A filed May 15, 2026) and BlackRock (13G/A filed Jul 27, 2026). Bentley Raymond B., Bentley Gregory S and Bentley Keith A. are listed on their Form 4 filings as owners of more than 10%. As of Jun 30, 2026, the largest holders of Class B reported on Form 13F were BlackRock (5.5% of Class B), Vanguard Portfolio Management (3.3%) and Norges Bank (3.2%).

Which institutions hold the most Bentley Systems shares?

Per Form 13F filings as of Jun 30, 2026, as a share of Class B:

  1. 1. BlackRock: 5.5%
  2. 2. Vanguard Portfolio Management: 3.3%
  3. 3. Norges Bank: 3.2%
  4. 4. Swedbank AB: 3.1%
  5. 5. T. Rowe Price Investment Management: 2.6%
  6. 6. Vanguard Capital Management: 2.4%
  7. 7. Morgan Stanley: 2.1%
  8. 8. William Blair Investment Management: 2.0%
  9. 9. State Street: 1.7%
  10. 10. Arrowstreet Capital, Limited Partnership: 1.7%

How much of Bentley Systems do institutions own?

The 399 institutions that file 13F reported 53.6% of the Class B shares as of Jun 30, 2026.

Sources:13G/A by Barry J. Bentley (Feb 5, 2025) ↗13G/A by Bentley Corinne Patricia (May 15, 2026) ↗13G/A by BlackRock (Jul 27, 2026) ↗All of the company's proxy statements on EDGAR ↗

13F percentages divide the shares each institution reports by the Class B shares outstanding on the cover of the company's latest report before the quarter end (Apr 30, 2026). Entities of the same group file separately and are not added up. With more than one share class, a 13D or 13G counts shares convertible from another class as owned, so we do not show its percentage. We hold 13D and 13G filings made since Dec 23, 2024: a holder above 5% that has not filed since then does not appear here.

Bentley Systems revenue

Bentley Systems reported annual revenue of $1.50 billion for fiscal year 2025 (year ended December 31, 2025), according to its Form 10-K filed with the SEC (XBRL data).

Concentrated managers
2
All 13F: 399
Consensus
—
No score: it needs 5 or more concentrated managers
Price at Jun 30, 2026 (per 13F)
$29.89
-14.9% in the quarter · reported value ÷ shares, not the quote · See current quote ↗

Quarter flow (concentrated managers)

Change in managers (1 → 2): 1 opened · 0 exited = +1

Net flow in the quarter: +$2.4M (+79 K shares) · bought $2.9M and sold $582KShares concentrated managers added minus those they cut, valued at the 13F quarter-end implied price, not each trade's price. It is a different measure from the change in managers: the two can have opposite signs.

Concentrated managers holding it

Up to 15, sorted by position value. The percentage is the weight in each manager's portfolio.

Other relevant holders

Filers with $100M or more in the stock that do not count as concentrated managers because of their type: they are left out of the counts, the consensus and the accumulation.

Largest holders of BSY (all 13F filers)

The 10 13F filers with the most shares as of Jun 30, 2026, whatever their type (index firms usually come first). “Change”: shares added or cut versus the previous quarter, split-adjusted; “no data” = there is no comparable portfolio for the previous quarter (no filing, or a filing with its holdings under confidential treatment). “% of the company” only where shares outstanding are up to date. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. With a free account: the top 25, the largest buyers and the largest sellers.

Fundamentals

12-month figures to Jun 30, 2026 · balance sheet as of Jun 30, 2026.

Profitability
Operating margin
23.6%
Net margin
18.1%
ROE
24.1%
Growth
Revenue (TTM)
$1.6 bn
Revenue growth
12.8%
Net income (TTM)
$290M
Balance sheet
Net debt / EBITDA
—
Free cash flow (TTM)
$498M
Quality vs sector
—

This company's sector comes from its SIC code, unreviewed, or has too few comparable companies: we do not compare it with its sector.

Figures from the statements the company filed with the SEC (10-K, 10-Q). Free cash flow = operating cash flow − capital expenditures; empty if the company does not report capex. “Quality vs sector”: 0 to 100, the average of its percentiles in ROE, operating margin, free-cash-flow margin, revenue and earnings growth and net debt / EBITDA (at least 3 needed) against companies in its sector above $300M. How each figure is calculated

Shares outstanding: buybacks and dilution

Diluted shares by fiscal year (split-adjusted)

2025: 333.1 M

333.8 M0
20202025
1 year
−0.2%
3 years
+0.4%
5 years
+11.3%
Buybacks (FY 2025)
$125M
Share issuance
no data
Stock-based compensation
$72.6M4.8% of revenue
Dividends paid
$85.0M

From the statements the company filed with the SEC (10-K). The change compares average diluted shares of each fiscal year, on today's basis: negative = it bought back more than it issued; positive = dilution. “No data” = the company does not report that item under a tag we can read; it does not mean zero.

Earnings quality and debt

Operating cash flow ÷ net income (12 months)
1.80
Interest coverage (operating income ÷ interest)
47.8 timesfiscal 2025
Debt due within 12 months
$6.9M0.05 times cash and investments
Debt maturities by year (note as of Dec 31, 2025)
  • Year 1$678M
  • Year 2$575M
  • Year 3—
  • Year 4—
  • Year 5—
  • Later—

From the figures the company filed with the SEC. Cash flow over net income near or above 1 means earnings are collected in cash; far below, that part is accounting. Coverage says how many times operating income pays the latest fiscal year's interest. Maturities come from the debt note of the latest annual report, counted from its closing date. “No data” never means zero.

Insiders (Form 4)

Officers and directors who bought (6 m)
0
Amount (6 m)
$0
CEO/CFO bought (12 m)
No

10% owners who bought (6 m): 0

Open-market purchases, excluding 10b5-1 plans. Officers and directors only; joint filers of the same purchase count as one. 10% owners with no role are shown separately. 0 = nobody bought; “no data” = we do not have its Form 4 filings.

Each of the company's Form 4 filings, on EDGAR ↗Latest trades, with date and filing →

Above 5% (13D/13G)

Disclosed stakes, with their amendments. A filing is not always a purchase: there are also reductions and changes of filing entity.

This list may be incomplete: we hold 13D and 13G filings made since Dec 23, 2024. A holder above 5% that has not filed anything since then is not shown here.

  • BlackRock5.4%13G · amendmentfiling ↗Event: Jun 30, 2026 · filed: Jul 27, 2026
  • Bentley Corinne Patricia13.2%13G · amendmentfiling ↗Event: Mar 31, 2026 · filed: May 15, 2026
  • Vanguard Groupchange of filing entity13G · amendmentfiling ↗Event: Mar 13, 2026 · filed: Mar 26, 2026

Above 5% over time (13D/13G)

Each holder with its filings in order. History since December 2024.

All material events (8-K)

Earnings, agreements, financing, management changes and announcements from the last year, with a filter by type and a link to each filing.

Other Information Technology stocks in managers' portfolios

Same sector and a similar number of concentrated managers holding them. It is a list to keep exploring, not a recommendation.

All of Information Technology →

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