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 ($7.9m this quarter). Holder counts are more reliable. Shares outstanding: 156.9m as of 2023-07-28, 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 ≈ $57.78. Options: 24 managers hold calls ($135.0m notional), 24 hold puts ($179.4m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 527 |
| Q4 2022 | 518 |
| Q1 2023 | 480 |
| Q2 2023 | 479 |
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 |
| Q2 2023 | 262 | 211 |
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 |
| Q2 2023 | $135.0m | $179.4m | 1.33 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +1.5m |
| MORGAN STANLEY | Added | +1.1m |
| Senvest Management, LLC | Added | +1.0m |
| AMERIPRISE FINANCIAL INC | Added | +980.7k |
| Allspring Global Investments Holdings, LLC | Added | +952.0k |
| GOLDMAN SACHS GROUP INC | Added | +813.9k |
| Waterfront Capital Partners, LLC | New | +525.4k |
| PRUDENTIAL FINANCIAL INC | Added | +515.7k |
| ALLIANCEBERNSTEIN L.P. | Added | +505.7k |
| Weiss Multi-Strategy Advisers LLC | Added | +462.0k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -986.2k |
| Zimmer Partners, LP | Sold out | -825.0k |
| FMR LLC | Reduced | -596.5k |
| FEDERATED HERMES, INC. | Reduced | -452.5k |
| STRS OHIO | Reduced | -444.8k |
| Heitman Real Estate Securities LLC | Reduced | -394.0k |
| NORTHERN TRUST CORP | Reduced | -367.7k |
| MACQUARIE GROUP LTD | Reduced | -356.1k |
| VANGUARD GROUP INC | Reduced | -309.3k |
| BlackRock Inc. | Reduced | -229.5k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $31.5m546.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $20.6m357.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $19.8m343.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $10.5m182.5k shares |
| Walleye Trading LLC | Reduced | $8.5m146.8k shares |
| Twin Tree Management, LP | Reduced | $6.0m104.0k shares |
| NOMURA HOLDINGS INC | New | $5.8m100.0k shares |
| JANE STREET GROUP, LLC | Reduced | $4.9m85.1k shares |
| ExodusPoint Capital Management, LP | Reduced | $4.8m82.5k shares |
| D. E. Shaw & Co., Inc. | Added | $4.3m75.4k shares |
Biggest puts
| CAPITAL FUND MANAGEMENT S.A. | Added | $41.6m721.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $26.1m452.5k shares |
| CITADEL ADVISORS LLC | Reduced | $21.2m367.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $15.0m259.7k shares |
| JANE STREET GROUP, LLC | Reduced | $13.7m238.6k shares |
| Twin Tree Management, LP | New | $13.1m227.7k shares |
| D. E. Shaw & Co., Inc. | Added | $12.0m209.2k shares |
| GROUP ONE TRADING LLC | Added | $11.5m199.7k shares |
| WOLVERINE TRADING, LLC | Added | $4.8m84.5k shares |
| Walleye Trading LLC | Reduced | $4.2m73.5k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2023 | 1 | $474.1k | 1 | $571.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-07 | Otteni Peter V Executive Vice President | Sold | $571.3k10.5k shares |
| 2023-05-26 | Einiger Carol B. Director | Bought | $474.1k10.0k 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, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 23.4m $1.3bn | Reduced -309.3k |
| BlackRock Inc. 0.03% of their portfolio | 18.4m $1.1bn | Reduced -229.5k |
| NORGES BANK 0.14% of their portfolio | 12.7m $731.1m | Unchanged |
| STATE STREET CORP 0.04% of their portfolio | 11.8m $688.8m | Added +151.3k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 8.2m $473.9m | Added +1.5m |
| APG Asset Management US Inc. 3.46% of their portfolio | 7.5m $433.4m | Added +164.7k |
| Capital Research Global Investors 0.10% of their portfolio | 6.6m $377.6m | Added +299.3k |
| Allspring Global Investments Holdings, LLC 0.39% of their portfolio | 4.2m $242.0m | Added +952.0k |
| First Eagle Investment Management, LLC 0.55% of their portfolio | 3.7m $215.2m | Reduced -12.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.5m $200.2m | Added +163.6k |
| Invesco Ltd. 0.05% of their portfolio | 3.5m $199.8m | Added +105.0k |
| MORGAN STANLEY 0.02% of their portfolio | 2.9m $166.6m | Added +1.1m |
| Senvest Management, LLC 5.42% of their portfolio | 2.9m $164.5m | Added +1.0m |
| NORTHERN TRUST CORP 0.03% of their portfolio | 2.5m $146.1m | Reduced -367.7k |
| Legal & General Group Plc 0.04% of their portfolio | 2.3m $130.8m | Added +14.9k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.2m $124.5m | Added +38.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 1.9m $110.9m | Added +2.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.7m $100.0m | Added +405 |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.7m $97.6m | Added +813.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.6m $89.6m | Added +49.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.5m $82.0m | Unchanged |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.3m $75.1m | Added +79.2k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.78% of their portfolio | 1.2m $66.6m | Added +434.0k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.1m $60.6m | Added +980.7k |
| Cullen Capital Management, LLC 0.51% of their portfolio | 991.9k $57.1m | Reduced -73.2k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 961.7k $55.4m | Reduced -102.5k |
| EARNEST PARTNERS LLC 0.31% of their portfolio | 951.2k $54.8m | Added +24.6k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 939.5k $54.1m | Added +505.7k |
| PUTNAM INVESTMENTS LLC 0.07% of their portfolio | 856.3k $49.3m | Added +176.5k |
| Weiss Multi-Strategy Advisers LLC 1.00% of their portfolio | 812.0k $46.8m | Added +462.0k |
| AEW CAPITAL MANAGEMENT L P 1.67% of their portfolio | 751.4k $43.3m | Added +188.4k |
| PRUDENTIAL FINANCIAL INC 0.09% of their portfolio | 714.7k $63.3m | Added +515.7k |
| Divco West Real Estate Services, LLC 43.62% of their portfolio | 680.5k $39.2m | Unchanged |
| Adelante Capital Management LLC 3.32% of their portfolio | 656.1k $37.8m | Reduced -99.7k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 647.7k $37.3m | Reduced -28.5k |
| Aberdeen Group plc 0.08% of their portfolio | 633.0k $36.5m | Added +47.8k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 616.6k $35.5m | Added +111.2k |
| Balyasny Asset Management L.P. 0.09% of their portfolio | 557.2k $32.1m | Reduced -190.6k |
| Heitman Real Estate Securities LLC 1.73% of their portfolio | 546.6k $31.5m | Reduced -394.0k |
| Swiss National Bank 0.02% of their portfolio | 535.8k $30.9m | Reduced -53.7k |
| Waterfront Capital Partners, LLC 2.54% of their portfolio | 525.4k $30.3m | New |
| State of Tennessee, Department of Treasury 0.12% of their portfolio | 495.0k $28.5m | Added +68.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 488.1k $28.1m | Reduced -88.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 479.8k $27.6m | Added +79.3k |
| Holocene Advisors, LP 0.12% of their portfolio | 467.5k $26.9m | Reduced -36.3k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 430.7k $24.8m | Added +84.7k |
| Amundi 0.01% of their portfolio | 386.8k $22.6m | Added +20.1k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 351.0k $20.2m | Reduced -12.8k |
| Retirement Systems of Alabama 0.09% of their portfolio | 343.1k $19.8m | Reduced -9.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 338.4k $19.5m | Added +131.6k |
| Walleye Capital LLC 0.33% of their portfolio | 330.7k $19.0m | Added +57.8k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 328.5k $18.9m | Reduced -3.3k |
| BARCLAYS PLC 0.01% of their portfolio | 325.3k $18.7m | Added +7.7k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 314.5k $18.1m | Added +35.5k |
| California Public Employees Retirement System 0.02% of their portfolio | 313.4k $18.0m | Reduced -5.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 305.3k $17.6m | Reduced -40.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 303.4k $17.5m | Reduced -2.1k |
| Asset Management One Co., Ltd. 0.07% of their portfolio | 300.5k $17.3m | Added +15.1k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 294.2k $16.9m | Reduced -9.8k |
| Swedbank AB 0.03% of their portfolio | 277.4k $16.0m | Reduced -75.5k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 274.6k $15.8m | Reduced -162.9k |
| STOREBRAND ASSET MANAGEMENT AS 0.07% of their portfolio | 274.0k $15.8m | Added +24.4k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 264.4k $15.3m | Reduced -71.3k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.06% of their portfolio | 260.6k $15.0m | Reduced -8.2k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 251.9k $14.5m | Reduced -986.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 250.7k $14.4m | Added +106 |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 241.1k $13.9m | Added +13.9k |
| STRS OHIO 0.06% of their portfolio | 236.1k $13.6m | Reduced -444.8k |
| Uniplan Investment Counsel, Inc. 0.97% of their portfolio | 230.6k $13.3m | Reduced -10.3k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 217.7k $12.5m | Added +26.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 198.1k $11.4m | Added +7.2k |
| CI INVESTMENTS INC. 0.06% of their portfolio | 198.0k $11.4m | Added +2.4k |
| State of New Jersey Common Pension Fund D 0.04% of their portfolio | 195.8k $11.3m | Unchanged |
| NOMURA ASSET MANAGEMENT CO LTD 0.05% of their portfolio | 193.6k $11.1m | Added +5.0k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 192.3k $11.1m | Added +564 |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 191.6k $11.1m | Added +236 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 191.2k $11.0m | Added +2.1k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 188.9k $10.9m | Added +7.5k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 185.0k $10.6m | Added +96.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 183.2k $10.5m | Added +283 |
| Phase 2 Partners, LLC 4.71% of their portfolio | 180.2k $10.4m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 176.5k $10.2m | Reduced -5.9k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 175.5k $10.1m | Reduced -101.2k |
| UBS Group AG 0.00% of their portfolio | 157.4k $9.1m | Added +74.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 152.4k $8.8m | Reduced -1.8k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 149.2k $8.6m | New |
| Analyst IMS Investment Management Services Ltd. 0.56% of their portfolio | 147.2k $8.4m | New |
| NISA INVESTMENT ADVISORS, LLC 0.06% of their portfolio | 143.0k $8.2m | Added +46.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.03% of their portfolio | 135.6k $7.8m | Added +30.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 129.3k $7.4m | Added +52.5k |
| Davis Selected Advisers 0.04% of their portfolio | 126.0k $7.3m | Added +2.9k |
| GUGGENHEIM CAPITAL LLC 0.06% of their portfolio | 125.9k $7.3m | Reduced -13.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 123.6k $7.1m | Added +43.9k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 123.6k $7.1m | Added +14.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 123.3k $7.1m | Added +88 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 119.2k $6.9m | Added +1.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 119.1k $6.9m | Added +17.5k |
| Skandinaviska Enskilda Banken AB (publ) 0.04% of their portfolio | 116.8k $6.7m | Added +3.6k |
| State of Alaska, Department of Revenue 0.07% of their portfolio | 108.9k $6.3m | Reduced -654 |
| FMR LLC 0.00% of their portfolio | 107.6k $6.2m | Reduced -596.5k |