Retirement Systems of Alabama Buys Stake in Bentley Systems

The Alabama pension fund acquired over 178,000 shares of the infrastructure software company in Q4 2025.

Apr. 5, 2026 at 9:05am

Retirement Systems of Alabama, a major public pension fund, purchased a new position in Bentley Systems, Incorporated (NASDAQ:BSY) during the fourth quarter of 2025, according to a recent 13F filing with the Securities and Exchange Commission. The fund acquired 178,739 shares of the infrastructure engineering software company, valued at approximately $6.8 million.

Why it matters

Bentley Systems is a leading provider of software for the design, construction, and operations of critical infrastructure like roads, bridges, power plants, and communications networks. The Retirement Systems of Alabama's investment in the company signals institutional confidence in Bentley's growth prospects and the long-term value of its technology offerings.

The details

The Retirement Systems of Alabama, which manages over $50 billion in assets, now owns approximately 0.06% of Bentley Systems' outstanding shares. This new position was established in Q4 2025, a period when several other institutional investors and hedge funds also added to or reduced their stakes in the company.

  • The Retirement Systems of Alabama filed its 13F report for the fourth quarter of 2025 on April 5, 2026.
  • The fund acquired the 178,739 shares of Bentley Systems during the fourth quarter of 2025.

The players

Retirement Systems of Alabama

A major public pension fund that manages over $50 billion in assets.

Bentley Systems, Incorporated

A global software provider specializing in infrastructure engineering applications for the design, construction, and operations of critical infrastructure.

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The takeaway

The Retirement Systems of Alabama's investment in Bentley Systems underscores the pension fund's confidence in the infrastructure software company's long-term growth potential and the value of its technology offerings in the infrastructure engineering and construction sectors.