Bentley Systems, Incorporated
US ˙ NasdaqGS ˙ US08265T2087

SecurityBSY / Bentley Systems, Incorporated
InstitutionCwm, Llc
Latest Disclosed Ownership85,113 shares
Latest Disclosed Value $ 2,989,181
Cwm, Llc reports 9.80% increase in ownership of BSY / Bentley Systems, Incorporated

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 85,113 shares of Bentley Systems, Incorporated (US:BSY) valued at $2,989,169 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 77,513 shares of Bentley Systems, Incorporated. This represents a change in shares of 9.80% during the quarter. The current value of the position is $2,776,386 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F BENTLEY SYS COM CL B 08265T208 85,113 7,600 9.80 2,989 149,350.00 0.0078
2026-01-26 2025-12-31 13F BENTLEY SYS COM CL B 08265T208 77,513 13,894 21.84 3 -33.33 0.0080
2025-10-15 2025-09-30 13F BENTLEY SYS COM CL B 08265T208 63,619 17,826 38.93 3 50.00 0.0098
2025-07-25 2025-06-30 13F BENTLEY SYS COM CL B 08265T208 45,793 7,380 19.21 2 100.00 0.0087
2025-05-01 2025-03-31 13F BENTLEY SYS COM CL B 08265T208 38,413 9,110 31.09 2 0.00 0.0060
2025-02-04 2024-12-31 13F BENTLEY SYS COM CL B 08265T208 29,303 4,936 20.26 1 0.00 0.0057
2024-10-08 2024-09-30 13F BENTLEY SYS COM CL B 08265T208 24,367 1,398 6.09 1 0.00 0.0053
2024-07-10 2024-06-30 13F BENTLEY SYS COM CL B 08265T208 22,969 13,290 137.31 1 0.0053
2024-04-05 2024-03-31 13F BENTLEY SYS COM CL B 08265T208 9,679 6,888 246.79 1 0.0025
2024-02-01 2023-12-31 13F BENTLEY SYS COM CL B 08265T208 2,791 -125 -4.29 0 0.0008
2023-10-11 2023-09-30 13F BENTLEY SYS COM CL B 08265T208 2,916 1,919 192.48 0 0.0009
2023-08-03 2023-06-30 13F BENTLEY SYS COM CL B 08265T208 997 54 5.73 0 0.0003
2023-05-01 2023-03-31 13F BENTLEY SYS COM CL B 08265T208 943 97 11.47 0 0.0003
2023-02-01 2022-12-31 13F BENTLEY SYS COM CL B 08265T208 846 -39 -4.41 0 -100.00 0.0002
2022-10-27 2022-09-30 13F BENTLEY SYS COM CL B 08265T208 885 356 67.30 27 50.00 0.0002
2022-07-28 2022-06-30 13F BENTLEY SYS COM CL B 08265T208 529 488 1,190.24 18 800.00 0.0001
2022-04-21 2022-03-31 13F BENTLEY SYS COM CL B 08265T208 41 0 0.00 2 0.00 0.0000
2022-01-31 2021-12-31 13F BENTLEY SYS COM CL B 08265T208 41 -40 -49.38 2 -60.00 0.0000
2021-09-15 2021-06-30 13F/A-1 BENTLEY SYS COM CL B 08265T208 81 0 0.00 5 0.00 0.0000
2021-07-29 2021-06-30 13F BENTLEY SYS COM CL B 08265T208 81 0 5 0.0000
2021-09-15 2021-03-31 13F/A-1 BENTLEY SYS COM CL B 08265T208 81 0 0.00 5 0.00 0.0000
2021-09-15 2020-12-31 13F/A-1 BENTLEY SYS COM CL B 08265T208 81 0 0.00 5 0.00 0.0000
2021-09-15 2020-09-30 13F/A-1 BENTLEY SYS COM CL B 08265T208 81 0 0.00 5 0.00 0.0000
2021-09-15 2020-06-30 13F/A-1 BENTLEY SYS COM CL B 08265T208 81 0 0.00 5 0.00 0.0000
2021-09-15 2020-03-31 13F/A-1 BENTLEY SYS COM CL B 08265T208 81 0 0.00 5 0.00 0.0000
2021-09-14 2019-12-31 13F/A-1 BENTLEY SYS COM CL B 08265T208 81 0 0.00 5 0.00 0.0000
2021-09-14 2019-09-30 13F/A-1 BENTLEY SYS COM CL B 08265T208 81 0 0.00 5 0.00 0.0000
2021-09-14 2019-06-30 13F/A-1 BENTLEY SYS COM CL B 08265T208 81 0 0.00 5 0.00 0.0000
2021-09-02 2019-03-31 13F/A-1 BENTLEY SYS COM CL B 08265T208 81 81 5 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.