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 ($23.7m this quarter). Holder counts are more reliable. Shares outstanding: 157.9m as of 2024-07-31, 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 ≈ $61.51. Options: 19 managers hold calls ($148.2m notional), 19 hold puts ($96.5m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 527 |
| Q4 2022 | 518 |
| Q1 2023 | 480 |
| Q2 2023 | 479 |
| Q3 2023 | 500 |
| Q4 2023 | 564 |
| Q1 2024 | 578 |
| Q2 2024 | 569 |
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 |
| Q3 2023 | 234 | 221 |
| Q4 2023 | 280 | 245 |
| Q1 2024 | 304 | 237 |
| Q2 2024 | 292 | 244 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $87.2m | $154.0m | 1.77 |
| Q4 2023 | $98.8m | $100.8m | 1.02 |
| Q1 2024 | $164.1m | $105.8m | 0.64 |
| Q2 2024 | $148.2m | $96.5m | 0.65 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +1.4m |
| EARNEST PARTNERS LLC | Added | +542.6k |
| BARCLAYS PLC | Added | +502.4k |
| Waterfront Capital Partners, LLC | New | +415.8k |
| SEI INVESTMENTS CO | Added | +371.9k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +365.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +347.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +295.5k |
| JANE STREET GROUP, LLC | Added | +274.6k |
| BlackRock Inc. | Added | +245.7k |
Biggest sellers
| MORGAN STANLEY | Reduced | -4.1m |
| FRANKLIN RESOURCES INC | Reduced | -662.6k |
| STATE STREET CORP | Reduced | -393.9k |
| Retirement Systems of Alabama | Reduced | -294.4k |
| GRS Advisors, LLC | Sold out | -246.0k |
| Schonfeld Strategic Advisors LLC | Sold out | -203.7k |
| UBS Group AG | Reduced | -201.3k |
| MAKENA CAPITAL MANAGEMENT LLC | Sold out | -189.3k |
| CITADEL ADVISORS LLC | Reduced | -175.2k |
| Legal & General Group Plc | Reduced | -152.5k |
Biggest calls
| Twin Tree Management, LP | Reduced | $76.9m1.2m shares |
| Governors Lane LP | New | $21.5m350.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.3m231.6k shares |
| SIMPLEX TRADING, LLC | Added | $7.3m119.0k shares |
| BANK OF AMERICA CORP /DE/ | Added | $5.0m80.9k shares |
| CITADEL ADVISORS LLC | Added | $4.8m77.4k shares |
| IMC-Chicago, LLC | Added | $4.5m72.3k shares |
| JANE STREET GROUP, LLC | Reduced | $4.0m64.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.1m34.5k shares |
| PEAK6 Investments LLC | Reduced | $1.6m26.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $28.4m461.6k shares |
| CITADEL ADVISORS LLC | Reduced | $26.6m431.4k shares |
| SIMPLEX TRADING, LLC | Added | $15.2m246.4k shares |
| Twin Tree Management, LP | New | $5.2m83.7k shares |
| Crawford Fund Management, LLC | Reduced | $3.6m57.8k shares |
| IMC-Chicago, LLC | Reduced | $3.5m56.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $3.4m55.2k shares |
| GTS SECURITIES LLC | Reduced | $2.6m42.0k shares |
| JANE STREET GROUP, LLC | Reduced | $2.5m41.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.2m19.2k 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 2024
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 2022 | 0 | — | 1 | $2.0m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $529.2k | 0 | — | — |
| Q2 2023 | 1 | $474.1k | 1 | $571.3k | — |
| Q3 2023 | 0 | — | 2 | $4.4m | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $889.1k | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 23.6m $1.5bn | Reduced -1.6k |
| BlackRock Inc. 0.03% of their portfolio | 18.6m $1.1bn | Added +245.7k |
| NORGES BANK 0.12% of their portfolio | 12.7m $781.5m | Unchanged |
| STATE STREET CORP 0.03% of their portfolio | 10.9m $682.9m | Reduced -393.9k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 10.5m $648.2m | Added +1.4m |
| APG Asset Management US Inc. 2.56% of their portfolio | 7.4m $447.2m | Reduced -75.0k |
| Allspring Global Investments Holdings, LLC 0.45% of their portfolio | 4.5m $274.3m | Reduced -46.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.8m $235.6m | Added +79.4k |
| First Eagle Investment Management, LLC 0.52% of their portfolio | 3.7m $227.6m | Reduced -28.6k |
| Invesco Ltd. 0.04% of their portfolio | 2.9m $176.0m | Reduced -94.5k |
| MORGAN STANLEY 0.01% of their portfolio | 2.8m $170.1m | Reduced -4.1m |
| EARNEST PARTNERS LLC 0.76% of their portfolio | 2.6m $162.3m | Added +542.6k |
| Senvest Management, LLC 6.17% of their portfolio | 2.6m $160.7m | Added +37.2k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 1.55% of their portfolio | 2.3m $143.1m | Added +365.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 2.3m $138.7m | Added +295.5k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.2m $136.3m | Added +2.5k |
| Legal & General Group Plc 0.04% of their portfolio | 2.1m $131.9m | Reduced -152.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.1m $128.9m | Reduced -15.2k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.0m $124.1m | Added +68.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.0m $120.0m | Added +214.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 1.9m $118.4m | Added +120.7k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.9m $115.9m | Added +6.1k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.5m $93.8m | Reduced -138.2k |
| SEI INVESTMENTS CO 0.13% of their portfolio | 1.5m $92.6m | Added +371.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.2m $76.9m | Added +38.0k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.2m $76.7m | Added +36.6k |
| Resolution Capital Ltd 1.17% of their portfolio | 1.0m $62.4m | Added +86.6k |
| BARCLAYS PLC 0.02% of their portfolio | 829.8k $51.1m | Added +502.4k |
| Aberdeen Group plc 0.10% of their portfolio | 817.3k $50.3m | Added +69.0k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.56% of their portfolio | 713.4k $43.9m | Reduced -10.4k |
| Divco West Real Estate Services, LLC 44.19% of their portfolio | 680.5k $41.9m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 672.7k $41.4m | Reduced -90.4k |
| UBS Group AG 0.01% of their portfolio | 656.5k $40.4m | Reduced -201.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 615.5k $37.9m | Added +347.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 587.3k $36.2m | Added +88.6k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 586.3k $36.1m | Reduced -36.2k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 570.0k $35.1m | Added +61.0k |
| AEW CAPITAL MANAGEMENT L P 1.56% of their portfolio | 524.7k $32.3m | Reduced -7.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 443.9k $27.3m | Reduced -35.3k |
| Swiss National Bank 0.02% of their portfolio | 441.4k $27.2m | Reduced -5.1k |
| Adelante Capital Management LLC 2.06% of their portfolio | 424.6k $26.1m | Reduced -143.7k |
| STRS OHIO 0.10% of their portfolio | 423.2k $26.1m | Reduced -126.5k |
| Waterfront Capital Partners, LLC 3.29% of their portfolio | 415.8k $25.6m | New |
| State of Tennessee, Department of Treasury 0.09% of their portfolio | 413.1k $25.4m | Added +4.0k |
| Amundi 0.01% of their portfolio | 406.7k $25.0m | Reduced -15.8k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 394.5k $24.2m | Added +92.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 376.2k $23.2m | Added +16.5k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 348.8k $21.5m | Added +30.8k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 332.6k $20.5m | Reduced -124.4k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 324.3k $20.0m | Reduced -67.9k |
| Cinctive Capital Management LP 1.06% of their portfolio | 321.3k $19.8m | Added +165.1k |
| STOREBRAND ASSET MANAGEMENT AS 0.06% of their portfolio | 303.1k $18.7m | Reduced -16.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 302.3k $18.6m | Added +1.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 300.6k $18.5m | Added +2.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 299.2k $18.4m | Added +34.2k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 294.1k $18.1m | Reduced -175.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 293.8k $18.1m | Added +23.7k |
| Swedbank AB 0.02% of their portfolio | 289.5k $17.8m | Added +33.4k |
| AXA S.A. 0.03% of their portfolio | 289.0k $17.8m | Added +171.3k |
| WHITTIER TRUST CO 0.25% of their portfolio | 284.3k $17.5m | Added +15.2k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 279.0k $17.2m | Added +274.6k |
| Asset Management One Co., Ltd. 0.06% of their portfolio | 268.1k $16.5m | Reduced -6.3k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.06% of their portfolio | 264.5k $16.3m | Reduced -1.7k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 254.3k $15.6m | Added +8.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 245.3k $15.1m | Reduced -8.5k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 233.4k $14.5m | Reduced -43.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 231.4k $14.2m | Reduced -108.2k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 230.6k $14.2m | Added +4.7k |
| Analyst IMS Investment Management Services Ltd. 0.57% of their portfolio | 227.0k $14.0m | Unchanged |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 225.4k $13.9m | Reduced -128.3k |
| NOMURA ASSET MANAGEMENT CO LTD 0.05% of their portfolio | 222.0k $13.7m | Added +10.1k |
| Brookfield Corp /ON/ 0.08% of their portfolio | 219.6k $13.5m | Added +219.1k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 209.8k $12.9m | New |
| CAPITAL FUND MANAGEMENT S.A. 0.14% of their portfolio | 206.1k $12.7m | Added +4.3k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.11% of their portfolio | 203.6k $12.5m | Added +134.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 201.9k $12.4m | Added +6.3k |
| CITIGROUP INC 0.01% of their portfolio | 188.9k $11.6m | Reduced -6.7k |
| Hudson Bay Capital Management LP 0.08% of their portfolio | 181.0k $11.1m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 177.0k $10.9m | Added +19.3k |
| Uniplan Investment Counsel, Inc. 0.97% of their portfolio | 173.3k $10.7m | Reduced -32.7k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 172.0k $10.6m | Reduced -14.6k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.19% of their portfolio | 171.7k $10.6m | Added +62.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 163.9k $10.1m | Added +110.7k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 160.9k $9.9m | Reduced -6.2k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 159.1k $9.8m | Reduced -17.8k |
| NAN FUNG TRINITY (HK) LTD 2.10% of their portfolio | 158.2k $9.7m | Added +89.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 156.0k $9.6m | Reduced -26.9k |
| Davis Selected Advisers 0.00% of their portfolio | 154.7k $0 | Reduced -80 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 154.1k $9.5m | Added +62.6k |
| NISA INVESTMENT ADVISORS, LLC 0.06% of their portfolio | 152.7k $9.6m | Reduced -6.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 148.9k $9.2m | Added +13.4k |
| Riverview Capital Advisers, LLC 3.09% of their portfolio | 148.9k $9.2m | Added +4.4k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 148.1k $9.1m | Added +51.2k |
| AMF Tjanstepension AB 0.07% of their portfolio | 144.9k $8.9m | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.03% of their portfolio | 143.9k $8.9m | Reduced -141.7k |
| CI INVESTMENTS INC. 0.03% of their portfolio | 142.4k $8.8m | Added +455 |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 140.6k $8.7m | Reduced -1.5k |
| Employees Retirement System of Texas 0.08% of their portfolio | 140.0k $8.6m | Added +80.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 135.0k $8.3m | Reduced -24.2k |
| State of New Jersey Common Pension Fund D 0.04% of their portfolio | 131.6k $8.1m | Reduced -63.0k |