BXP INC BXP
COM · REIT · CUSIP 101121101 · ISIN US1011211018
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($7.7m this quarter). Holder counts are more reliable. Shares outstanding: 156.8m as of 2023-04-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $54.24. Options: 24 managers hold calls ($143.0m notional), 21 hold puts ($168.7m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 527 |
| Q4 2022 | 518 |
| Q1 2023 | 480 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 262 | 246 |
| Q1 2023 | 271 | 222 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $80.6m | $39.8m | 0.49 |
| Q4 2022 | $121.4m | $40.8m | 0.34 |
| Q1 2023 | $143.0m | $168.7m | 1.18 |
Biggest buyers
| Capital Research Global Investors | Added | +1.7m |
| PRINCIPAL FINANCIAL GROUP INC | Added | +1.7m |
| CITADEL ADVISORS LLC | Added | +1.1m |
| Invesco Ltd. | Added | +763.5k |
| MORGAN STANLEY | Added | +667.9k |
| FMR LLC | Added | +650.3k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +540.8k |
| STATE STREET CORP | Added | +528.6k |
| Senvest Management, LLC | Added | +511.0k |
| BlackRock Inc. | Added | +482.0k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -1.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -961.0k |
| Capital World Investors | Sold out | -891.9k |
| Waterfront Capital Partners, LLC | Sold out | -819.2k |
| MARSHALL WACE, LLP | Reduced | -693.8k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -611.5k |
| Zimmer Partners, LP | Reduced | -550.0k |
| PUTNAM INVESTMENTS LLC | Reduced | -528.0k |
| Schonfeld Strategic Advisors LLC | Reduced | -309.2k |
| NATIXIS | Reduced | -308.2k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $23.9m442.5k shares |
| ExodusPoint Capital Management, LP | New | $20.0m370.0k shares |
| SIMPLEX TRADING, LLC | Added | $14.8m273.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.6m251.3k shares |
| Twin Tree Management, LP | Reduced | $13.1m242.8k shares |
| Walleye Trading LLC | Added | $9.7m179.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $8.7m161.1k shares |
| Balyasny Asset Management L.P. | New | $8.4m155.6k shares |
| JANE STREET GROUP, LLC | Added | $7.2m133.8k shares |
| PEAK6 Investments LLC | Added | $4.3m78.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $27.9m514.8k shares |
| CITADEL ADVISORS LLC | Added | $21.5m397.0k shares |
| BlackRock Inc. | New | $17.9m330.0k shares |
| PEAK6 Investments LLC | Added | $17.4m321.6k shares |
| JANE STREET GROUP, LLC | Added | $15.4m284.1k shares |
| SIMPLEX TRADING, LLC | Added | $15.1m278.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $13.3m246.4k shares |
| D. E. Shaw & Co., Inc. | Added | $10.2m187.9k shares |
| Walleye Trading LLC | Added | $7.1m130.9k shares |
| GROUP ONE TRADING LLC | Added | $6.2m114.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| COHEN & STEERS, INC. 13G · institution +1.1 pts · filed 2026-08-14 | 14.3% |
| BlackRock, Inc. 13G · institution filed 2025-10-17 | 10.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.2% |
| STATE STREET CORP 13G · institution new · filed 2026-05-12 | 6.2% |
| First Eagle Investment Management, LLC 13G · institution new · filed 2026-05-13 | 6.0% |
Fell to 5% or below in the last year: NORGES BANK (4.1%, 2026-08-12), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 3 | $4.8m | — |
| Q1 2022 | 0 | — | 1 | $2.5m | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 1 | $2.0m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $529.2k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-15 | LUSTIG MATTHEW J Director · By the Matthew Lustig 2020 Revocable Trust | Bought | $529.2k10.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 23.7m $1.3bn | Added +97.3k |
| BlackRock Inc. 0.03% of their portfolio | 18.6m $1.0bn | Added +482.0k |
| NORGES BANK 0.15% of their portfolio | 12.7m $687.1m | Unchanged |
| STATE STREET CORP 0.04% of their portfolio | 11.6m $639.6m | Added +528.6k |
| APG Asset Management US Inc. 3.25% of their portfolio | 7.4m $398.4m | Reduced -89.7k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 6.7m $364.2m | Reduced -1.1m |
| Capital Research Global Investors 0.10% of their portfolio | 6.3m $338.7m | Added +1.7m |
| First Eagle Investment Management, LLC 0.54% of their portfolio | 3.7m $202.9m | Reduced -88.2k |
| Invesco Ltd. 0.05% of their portfolio | 3.4m $182.1m | Added +763.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.3m $179.4m | Added +77.5k |
| Allspring Global Investments Holdings, LLC 0.29% of their portfolio | 3.3m $175.9m | Added +320.3k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 2.9m $157.2m | Added +437.2k |
| Legal & General Group Plc 0.04% of their portfolio | 2.3m $122.1m | Added +181.5k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.1m $114.9m | Added +53.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio | 1.9m $104.1m | Added +1.7m |
| Senvest Management, LLC 3.58% of their portfolio | 1.8m $98.4m | Added +511.0k |
| MORGAN STANLEY 0.01% of their portfolio | 1.8m $97.6m | Added +667.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.7m $94.0m | Added +316.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.5m $82.0m | Added +93.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.5m $81.6m | Added +37.1k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 1.2m $67.0m | Added +1.1m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.2m $66.3m | Added +68.3k |
| Cullen Capital Management, LLC 0.53% of their portfolio | 1.1m $57.6m | Added +338.1k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.1m $57.6m | Added +53.0k |
| Heitman Real Estate Securities LLC 2.56% of their portfolio | 940.6k $50.9m | Added +248.9k |
| EARNEST PARTNERS LLC 0.29% of their portfolio | 926.6k $50.2m | Added +35.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 880.6k $47.7m | Added +216.6k |
| Zimmer Partners, LP 0.92% of their portfolio | 825.0k $44.6m | Reduced -550.0k |
| Adelante Capital Management LLC 3.57% of their portfolio | 755.8k $40.9m | Added +238.9k |
| Balyasny Asset Management L.P. 0.13% of their portfolio | 747.8k $40.5m | Added +416.2k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.47% of their portfolio | 722.4k $39.1m | Added +540.8k |
| FMR LLC 0.00% of their portfolio | 704.1k $38.1m | Added +650.3k |
| STRS OHIO 0.06% of their portfolio | 680.9k $36.8m | Added +426.2k |
| Divco West Real Estate Services, LLC 39.49% of their portfolio | 680.5k $36.8m | Unchanged |
| PUTNAM INVESTMENTS LLC 0.06% of their portfolio | 679.8k $36.8m | Reduced -528.0k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 676.2k $36.6m | Added +334.8k |
| Swiss National Bank 0.02% of their portfolio | 589.5k $31.9m | Reduced -15.7k |
| Aberdeen Group plc 0.08% of their portfolio | 585.2k $31.7m | Added +47.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 576.9k $31.2m | Reduced -53.7k |
| AEW CAPITAL MANAGEMENT L P 1.14% of their portfolio | 563.0k $30.5m | Added +318.3k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 505.4k $27.4m | Added +172.5k |
| Holocene Advisors, LP 0.14% of their portfolio | 503.9k $27.3m | Added +71.3k |
| FEDERATED HERMES, INC. 0.06% of their portfolio | 457.6k $24.8m | Added +455.5k |
| MARSHALL WACE, LLP 0.06% of their portfolio | 437.5k $23.7m | Reduced -693.8k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 433.8k $23.5m | Reduced -32.6k |
| State of Tennessee, Department of Treasury 0.10% of their portfolio | 426.3k $23.1m | Added +31.6k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 410.9k $22.2m | Added +262.7k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 400.5k $21.7m | Added +13.4k |
| Amundi 0.01% of their portfolio | 366.7k $19.3m | Reduced -13.2k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 363.8k $19.7m | Added +2.3k |
| Retirement Systems of Alabama 0.08% of their portfolio | 353.0k $19.1m | Reduced -3.8k |
| Swedbank AB 0.04% of their portfolio | 352.9k $19.1m | Reduced -996 |
| Weiss Multi-Strategy Advisers LLC 0.46% of their portfolio | 350.0k $18.9m | Reduced -291.6k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 346.0k $18.7m | Added +209.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 345.7k $16.2m | Added +85.0k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 335.7k $18.2m | Added +24.6k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 331.8k $18.0m | New |
| California Public Employees Retirement System 0.02% of their portfolio | 318.9k $17.3m | Reduced -47.3k |
| BARCLAYS PLC 0.02% of their portfolio | 317.6k $17.2m | Reduced -119.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 305.5k $16.5m | Reduced -777 |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 304.0k $16.4m | Reduced -74.9k |
| Asset Management One Co., Ltd. 0.07% of their portfolio | 285.4k $15.4m | Reduced -582 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 279.0k $15.1m | Added +29.7k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 276.7k $15.0m | Added +121.4k |
| Walleye Capital LLC 0.30% of their portfolio | 272.9k $14.8m | Reduced -63.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.06% of their portfolio | 268.8k $14.5m | Added +19.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 250.6k $13.6m | Reduced -2.5k |
| STOREBRAND ASSET MANAGEMENT AS 0.07% of their portfolio | 249.5k $13.5m | Added +7.9k |
| Uniplan Investment Counsel, Inc. 0.92% of their portfolio | 240.9k $13.0m | Reduced -1.8k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 227.2k $12.3m | Reduced -213.4k |
| CITIGROUP INC 0.02% of their portfolio | 225.3k $12.2m | Reduced -6.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 225.2k $12.2m | Added +170.6k |
| AXA S.A. 0.04% of their portfolio | 206.8k $11.2m | Reduced -42.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 206.7k $11.2m | Added +51.7k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 199.0k $16.4m | Reduced -8.4k |
| State of New Jersey Common Pension Fund D 0.04% of their portfolio | 195.8k $10.6m | Added +4.7k |
| CI INVESTMENTS INC. 0.05% of their portfolio | 195.6k $10.6m | Added +189.8k |
| Governors Lane LP 1.56% of their portfolio | 194.9k $10.5m | New |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 191.8k $10.1m | Added +39.8k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 191.5k $10.3m | Added +11.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 191.4k $10.1m | Added +5.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 190.8k $10.3m | Added +7.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 189.2k $10.2m | Reduced -961.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.05% of their portfolio | 188.6k $10.2m | Added +8.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 182.9k $9.9m | Reduced -50 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 182.4k $9.9m | Reduced -11.8k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 181.4k $9.8m | Reduced -71.6k |
| AVIVA PLC 0.04% of their portfolio | 176.1k $9.5m | Reduced -17.9k |
| OSSIAM 0.19% of their portfolio | 168.3k $9.1m | Added +82.6k |
| WESTPAC BANKING CORP 0.12% of their portfolio | 165.1k $8.9m | Added +97.3k |
| Sarasin & Partners LLP 0.07% of their portfolio | 159.1k $13.8m | Added +73.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 154.2k $8.3m | Added +1.3k |
| PINEBRIDGE INVESTMENTS, L.P. 0.09% of their portfolio | 139.5k $7.5m | Reduced -37.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 139.4k $7.5m | Reduced -198.5k |
| GUGGENHEIM CAPITAL LLC 0.06% of their portfolio | 138.9k $7.5m | Added +15.6k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.12% of their portfolio | 135.2k $7.3m | Reduced -7.3k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 123.8k $6.7m | Added +47.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 123.2k $6.7m | Added +20.3k |
| Davis Selected Advisers 0.04% of their portfolio | 123.1k $6.7m | Added +68.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 117.7k $6.4m | Added +3.9k |