Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BENTLEY SYS INC (BSY)

457 + Investors. Track Smart Money conviction in BSY. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +20
Streak
7Q ▲
Buyers last Q
51%

Smart Money Signals — BSY

Based on 447 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 7 quarters in a row

last 6Q
For 7 consecutive quarters, more hedge funds added BSY than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
447 hedge funds hold BSY right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q
+53 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 51% buying

248 buying238 selling
Last quarter: 248 funds bought or added vs 238 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+28 vs last Q)

new funds entering per quarter
Funds opening a new BSY position: 60 → 78 → 72 → 100. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 24% medium ■ 23% new
239 out of 447 hedge funds have held BSY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +4%, value -22%

Value
-21%
Shares
+4%
Last quarter: funds added +4% more shares while total portfolio value only changed -22%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

64 → 60 → 78 → 72 → 100 new funds/Q
New funds entering each quarter: 60 → 78 → 72 → 100. A growing number of institutions are discovering BSY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 60% of holders stayed 2+ years

■ 60% veterans ■ 13% 1-2yr ■ 26% new
Of 457 current holders: 275 (60%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
43 of 447 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in BSY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BSY

In 2025 Q4, 248 hedge funds were net buyers of BSY (100 opened a new position, 148 added to an existing one), while 238 reduced or exited (158 trimmed, 80 sold completely) — a 51% buyer ratio, indicating a slight buying edge. This marks 7 consecutive quarters of net institutional buying — a persistent conviction signal. 45% of total institutional value in BSY is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +20 funds (more new holders than closures). Total institutional holders: 447.

Hedge Fund Ownership: BSY

How many hedge funds hold BSY — quarterly history vs. share price
Quarterly hedge fund ownership of BSY vs. share price

Market Analysis: BSY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BSY

Technology Software - Application

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

69 top-rated funds 1 high-conviction
Consensus
8.0
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: BSY
2026 Q1 Stats Unlock in 8 days 457 + Investors

Track Smart Money conviction in BSY. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 457 446 2.47%
13F Shares 131M 125M 4.27%
Total Value $5.03B $6.43B -21.82%
New Positions 101 75 +26
Increased Positions 155 186 -31
Closed Positions 87 58 +29
Reduced Positions 177 152 +25
Total Calls 8 13 -38.46%
Total Puts 5 9 -44.44%
PUT/CALL Ratio 0.62 0.69 Bullish

Statistics: BSY

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
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Revenue (ttm) --
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

457 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BSY. Verified SEC 13F-HR filings.

Top 25 institutional holders of BSY — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Montanaro Asset Management Ltd 4.20% 400,300 $14.1M
2 Foresight Group Ltd Liability Partnership 2.03% 327,158 $11.5M
3 MY Wealth Management Inc. 1.69% 44,429 $1.7M
4 Tensor Edge Capital, LLC 1.57% 260,400 $9.1M
5 PRENTISS SMITH & CO INC 1.28% 62,736 $2.2M
6 COOPER INVESTORS PTY LTD 1.18% 82,120 $2.9M
7 Aurora Investment Counsel 0.98% 50,195 $1.8M
8 Legacy Advisors, LLC 0.80% 194,325 $6.8M
9 MANNING & NAPIER ADVISORS LLC 0.63% 1,277,419 $44.9M
10 Future Fund LLC 0.59% 47,599 $1.7M
11 TimesSquare Capital Management, LLC 0.55% 927,979 $33K
12 Copeland Capital Management, LLC 0.54% 687,682 $24.2M
13 Madison Asset Management, LLC 0.43% 981,380 $34.5M
14 Impax Asset Management Group plc 0.41% 1,677,588 $58.9M
15 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.39% 3,322,723 $116.7M
16 BRIGHT ROCK CAPITAL MANAGEMENT, LLC 0.35% 50,000 $1.8M
17 LECAP ASSET MANAGEMENT LTD 0.34% 25,755 $905K
18 Benchmark Financial, LLC 0.33% 10,590 $372K
19 Swedbank AB 0.33% 9,000,000 $316.1M
20 GENEVA CAPITAL MANAGEMENT LLC 0.25% 333,428 $11.7M
21 Larry Mathis Financial Planning, LLC 0.22% 6,987 $245K
22 Robeco Schweiz AG 0.21% 288,537 $10.1M
23 GraniteShares Advisors LLC 0.21% 8,435 $296K
24 AlphaQuest LLC 0.21% 96,644 $3.7M
25 Pictet Asset Management Holding SA 0.17% 4,661,346 $163.7M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — BENTLEY SYS INC (BSY)

What does the Smart Money Trend signal show for BSY?

Buying streak — 7 quarters in a row: For 7 consecutive quarters, more hedge funds added BSY than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BSY?

Slight buying edge — 51% buying: Last quarter: 248 funds bought or added vs 238 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BSY holders?

Elite ownership — 45% AUM from top-100 funds: 43 of 447 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in BSY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BSY?

53% of holders stayed for 2+ years: 239 out of 447 hedge funds have held BSY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.