undamentalytics Newsletter

Bentley Systems Inc: which funds bought and sold

Institutions that bought and sold Bentley Systems shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 182 institutions that filed 13F reports for both quarters added to or opened positions in Bentley Systems, and 263 cut or closed them. Together they sold a net 4.0M shares, −2.7% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 2.4M shares (−6.8%); index fund managers were net buyers of 118K shares (+0.3%). 48 opened a new position and 102 sold out entirely.

Bought, Q2 2026 182 institutions, 48 of them new holders Sold, Q2 2026 263 institutions, 102 of them sold out
Net change, all compared −4.0M shares (−2.7%)
Net change, active managers −2.4M shares (−6.8%), 22 bought, 34 sold

Buyers versus sellers

institutions compared, 485
Active managers and hedge funds 22 bought · 34 sold · −2.4M
Index fund managers 4 bought · 7 sold · +118K
Other institutions 156 bought · 222 sold · −1.7M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
William Blair Investment Management, LLC Active manager +2.6M +78.8% 5.9M $178M
Millennium Management LLC Hedge fund +2.2M +176.0% 3.5M $105M
Invesco Ltd. +1.4M +107.7% 2.6M $78.1M
Mackenzie Financial Corp +1.3M +305.5% 1.7M $50.8M
Citigroup Inc +981K +460.0% 1.2M $35.7M
Mairs & Power Inc Active manager +734K +310.8% 970K $29M
Freestone Grove Partners LP Hedge fund +675K +5421.5% 688K $20.6M
Dimensional Fund Advisors LP +674K +50.8% 2.0M $59.8M
Massachusetts Financial Services Co Active manager +603K New position 603K $18M
Vanguard Capital Management LLC Index funds +524K +8.0% 7.1M $213M
Vanguard Portfolio Management LLC Index funds +515K +5.7% 9.5M $284M
HRT Financial LP +464K +339.3% 601K $18M
Sone Capital Management, LLC +412K +110.0% 787K $23.5M
Madison Asset Management, LLC +384K +39.1% 1.4M $40.8M
Needham Investment Management LLC +327K +152.2% 542K $16.2M
Barclays PLC +275K +208.2% 407K $12.2M
Schonfeld Strategic Advisors LLC Hedge fund +250K +162.5% 403K $12.1M
HSBC Holdings PLC +244K +1020.8% 268K $8M
Wellington Management Group LLP Active manager +233K New position 233K $7M
Xtx Topco Ltd +228K +234.5% 325K $9.7M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Kayne Anderson Rudnick Investment Management LLC Active manager −5.3M −74.5% 1.8M $53.7M
Goldman Sachs Group Inc −1.3M −43.1% 1.8M $52.9M
Manning & Napier Advisors LLC −1.3M −99.0% 12K $370,516
Nomura Asset Management International Inc. −827K −72.6% 312K $9.3M
Two Sigma Investments, LP Hedge fund −814K −75.9% 258K $7.7M
Seldon Capital LP −793K Sold out 0 —
Squarepoint Ops LLC Hedge fund −777K −71.9% 303K $9.1M
Blackrock, Inc. Index funds −737K −4.4% 16.1M $480M
UBS Group AG −647K −26.3% 1.8M $54.2M
Zurich Insurance Group Ltd −646K Sold out 0 —
SEB Asset Management AB −643K Sold out 0 —
Bessemer Group Inc −545K −21.0% 2.1M $61.4M
T. Rowe Price Investment Management, Inc. Active manager −495K −6.2% 7.5M $224M
Renaissance Technologies LLC Hedge fund −416K −85.5% 71K $2.1M
BNP Paribas Financial Markets −405K −72.3% 155K $4.6M
Citadel Advisors LLC Hedge fund −402K −62.2% 245K $7.3M
Clearbridge Investments, LLC Active manager −385K Sold out 0 —
Pictet Asset Management Holding SA −294K −6.3% 4.4M $131M
Envestnet Asset Management Inc −262K −32.1% 555K $16.6M
Tensor Edge Capital, LLC −260K Sold out 0 —

New positions

largest by value

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Seldon Capital LP 793K $27.9M
Zurich Insurance Group Ltd 646K $22.7M
SEB Asset Management AB 643K $22.6M
Clearbridge Investments, LLCActive manager 385K $13.5M
Tensor Edge Capital, LLC 260K $9.1M
Trexquant Investment LPHedge fund 201K $7.1M
Lombard Odier Asset Management (Europe) Ltd 173K $6.1M
Tudor Investment Corp Et AlHedge fund 138K $4.8M
Capital Fund Management S.A.Hedge fund 110K $3.8M
Occudo Quantitative Strategies LP 109K $3.6M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
394
Ten largest holders
51.5%
of 13F-reported shares
Index fund managers
28.7%
of 13F-reported shares
Active managers and hedge funds
21.6%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 22 34 5 14 −2.4M −6.8%
Index fund managers 4 7 0 1 +118K +0.3%
Other institutions 156 222 43 87 −1.7M −2.5%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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