Bentley Systems
467 hedge funds and large institutions have $6.92B invested in Bentley Systems in 2025 Q3 according to their latest regulatory filings, with 74 funds opening new positions, 173 increasing their positions, 150 reducing their positions, and 52 closing their positions.
656% more call options, than puts
Call options by funds: $121M | Put options by funds: $16M
42% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 52
15% more repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 150
3% more funds holding
Funds holding: 452 → 467 (+15)
1.72% more ownership
Funds ownership: 44.25% → 45.97% (+1.7%)
1% less capital invested
Capital invested by funds: $6.97B → $6.92B (-$48.5M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
+$161M |
| 2 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$129M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$98.2M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$29.3M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$25.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Axa
Paris,
France
|
-$83.4M |
| 2 |
Pictet Asset Management
Carouge,
Switzerland
|
-$36.1M |
| 3 |
ClearBridge Investments
New York
|
-$29.1M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$27.5M |
| 5 |
Impax Asset Management Group
London,
United Kingdom
|
-$23M |
BSY Hedge Fund Activity: Q3 2025 in Review
467 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Bentley Systems (BSY) for Q3 2025, worth a combined $6.92B — down 0.7% from $6.97B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new BSY positions and 52 closed out — a net gain of 22 holders — while 173 added to existing stakes and 150 trimmed.
The largest buyer was William Blair Investment Management, opening a new position worth an estimated $161M. The largest seller was Axa, exiting entirely with an estimated $83.4M sold.
- 467 institutional investors held Bentley Systems (BSY) as of Q3 2025, up from 452 in Q2 2025.
- Funds reported $6.92B of Bentley Systems stock for Q3 2025, down 0.7% quarter-over-quarter.
- 74 funds opened new Bentley Systems positions in Q3 2025 and 52 closed out, a net change of +22 holders.
- The largest Bentley Systems buyer in Q3 2025 was William Blair Investment Management, an estimated $161M added.
- The largest Bentley Systems seller in Q3 2025 was Axa, an estimated $83.4M sold.
Based on aggregated 13F filings for Q3 2025.