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 ($15.3m this quarter). Holder counts are more reliable. Shares outstanding: 158.1m as of 2024-10-31, 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 ≈ $74.37. Options: 19 managers hold calls ($78.9m notional), 22 hold puts ($102.8m).
Trends to Q4 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 |
| Q3 2024 | 591 |
| Q4 2024 | 618 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 271 | 222 |
| Q2 2023 | 262 | 211 |
| Q3 2023 | 234 | 221 |
| Q4 2023 | 280 | 245 |
| Q1 2024 | 304 | 237 |
| Q2 2024 | 292 | 244 |
| Q3 2024 | 306 | 251 |
| Q4 2024 | 284 | 258 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $164.1m | $105.8m | 0.64 |
| Q2 2024 | $148.2m | $96.5m | 0.65 |
| Q3 2024 | $97.6m | $104.4m | 1.07 |
| Q4 2024 | $78.9m | $102.8m | 1.30 |
Biggest buyers
| NORTHERN TRUST CORP | Added | +1.5m |
| BlackRock, Inc. | Added | +924.7k |
| GOLDENTREE ASSET MANAGEMENT LP | New | +774.8k |
| JANUS HENDERSON GROUP PLC | Added | +716.6k |
| Clark Capital Management Group, Inc. | New | +642.0k |
| MACKENZIE FINANCIAL CORP | Added | +498.8k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +382.4k |
| FMR LLC | Added | +332.0k |
| Invesco Ltd. | Added | +322.5k |
| Brookfield Corp /ON/ | Added | +294.9k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -6.4m |
| Heitman Real Estate Securities LLC | Reduced | -556.5k |
| AEW CAPITAL MANAGEMENT L P | Sold out | -498.1k |
| Hudson Bay Capital Management LP | Sold out | -412.5k |
| AMERIPRISE FINANCIAL INC | Reduced | -411.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -301.2k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -202.3k |
| Waterfront Capital Partners, LLC | Sold out | -198.3k |
| Senvest Management, LLC | Reduced | -188.0k |
| MARSHALL WACE, LLP | Sold out | -176.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $22.0m295.7k shares |
| Twin Tree Management, LP | Reduced | $12.5m168.1k shares |
| GROUP ONE TRADING LLC | Added | $7.0m94.6k shares |
| CITADEL ADVISORS LLC | Added | $6.8m90.8k shares |
| WOLVERINE TRADING, LLC | Added | $5.9m79.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.8m78.6k shares |
| IMC-Chicago, LLC | Added | $4.6m62.1k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $3.4m46.2k shares |
| JANE STREET GROUP, LLC | Added | $3.4m45.5k shares |
| Caption Management, LLC | Unchanged | $2.3m30.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $30.7m412.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $21.9m294.0k shares |
| Caption Management, LLC | New | $9.4m126.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.4m112.7k shares |
| WOLVERINE TRADING, LLC | Added | $6.8m91.1k shares |
| IMC-Chicago, LLC | Reduced | $4.9m66.4k shares |
| Twin Tree Management, LP | Reduced | $4.4m58.9k shares |
| JANE STREET GROUP, LLC | Reduced | $2.8m37.7k shares |
| Crawford Fund Management, LLC | Reduced | $2.4m32.0k shares |
| Genus Capital Management Inc. | New | $2.2m29.0k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 0 | — | 2 | $2.0m | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 23.6m $1.8bn | Added +51.4k |
| BlackRock, Inc. 0.03% of their portfolio | 19.9m $1.5bn | Added +924.7k |
| NORGES BANK 0.12% of their portfolio | 12.7m $944.0m | Unchanged |
| STATE STREET CORP 0.03% of their portfolio | 11.3m $848.3m | Reduced -44.2k |
| APG Asset Management US Inc. 4.20% of their portfolio | 7.5m $554.1m | Added +100.5k |
| Allspring Global Investments Holdings, LLC 0.53% of their portfolio | 4.5m $331.1m | Reduced -134.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.9m $292.1m | Added +85.8k |
| First Eagle Investment Management, LLC 0.60% of their portfolio | 3.6m $269.6m | Reduced -63.8k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 3.3m $243.8m | Added +1.5m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 3.2m $238.6m | Reduced -6.4m |
| MORGAN STANLEY 0.01% of their portfolio | 2.8m $211.3m | Reduced -161.2k |
| EARNEST PARTNERS LLC 0.90% of their portfolio | 2.7m $200.3m | Added +42.0k |
| Invesco Ltd. 0.04% of their portfolio | 2.6m $193.5m | Added +322.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 2.6m $191.8m | Added +287.2k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 1.99% of their portfolio | 2.5m $188.6m | Added +5.6k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.3m $168.4m | Added +14.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 2.2m $162.3m | Added +13.2k |
| Senvest Management, LLC 4.94% of their portfolio | 2.2m $160.8m | Reduced -188.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.1m $159.8m | Reduced -110.0k |
| Legal & General Group Plc 0.04% of their portfolio | 2.0m $149.9m | Reduced -108.5k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 2.0m $147.5m | Added +46.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 2.0m $146.1m | Added +77.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.12% of their portfolio | 1.5m $115.2m | Added +382.4k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.5m $111.8m | Reduced -411.2k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.5m $109.6m | Added +283.0k |
| SEI INVESTMENTS CO 0.13% of their portfolio | 1.4m $101.0m | Reduced -71.9k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 949.6k $70.6m | Added +222.3k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 939.5k $69.9m | Reduced -31.7k |
| Aberdeen Group plc 0.13% of their portfolio | 936.1k $69.9m | Added +76.2k |
| UBS Group AG 0.01% of their portfolio | 784.8k $58.4m | Reduced -16.2k |
| GOLDENTREE ASSET MANAGEMENT LP 4.42% of their portfolio | 774.8k $57.5m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 752.8k $56.0m | Added +112.7k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 734.4k $54.7m | Added +716.6k |
| FMR LLC 0.00% of their portfolio | 734.1k $54.6m | Added +332.0k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.63% of their portfolio | 712.2k $53.0m | Reduced -8.2k |
| Divco West Real Estate Services, LLC 46.15% of their portfolio | 680.5k $50.6m | Unchanged |
| Clark Capital Management Group, Inc. 0.33% of their portfolio | 642.0k $47.7m | New |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 641.7k $46.4m | Added +498.8k |
| Resolution Capital Ltd 0.81% of their portfolio | 606.4k $45.1m | Added +3.4k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 605.8k $45.0m | Added +11.5k |
| Amundi 0.01% of their portfolio | 584.0k $40.8m | Added +114.0k |
| BARCLAYS PLC 0.02% of their portfolio | 579.2k $43.1m | Reduced -57.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 565.9k $42.1m | Reduced -301.2k |
| Adelante Capital Management LLC 2.75% of their portfolio | 559.5k $41.6m | Reduced -25.0k |
| STRS OHIO 0.15% of their portfolio | 501.9k $37.3m | Added +7.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 466.3k $34.7m | Added +12.5k |
| State of Tennessee, Department of Treasury 0.12% of their portfolio | 451.2k $33.6m | Reduced -35.0k |
| Brookfield Corp /ON/ 0.10% of their portfolio | 449.8k $33.4m | Added +294.9k |
| Swiss National Bank 0.02% of their portfolio | 423.8k $31.5m | Reduced -17.6k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 406.2k $30.2m | Added +35.5k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 390.9k $29.1m | Added +5.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 369.8k $27.5m | Reduced -37.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 348.1k $26.1m | Added +15.5k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 335.6k $25.0m | Added +22.8k |
| WHITTIER TRUST CO 0.30% of their portfolio | 306.8k $22.8m | Added +10.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 301.0k $22.4m | Reduced -6.7k |
| STOREBRAND ASSET MANAGEMENT AS 0.07% of their portfolio | 294.3k $21.9m | Reduced -5.6k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 288.9k $21.5m | Reduced -1.5k |
| Asset Management One Co., Ltd. 0.07% of their portfolio | 285.1k $21.3m | Added +17.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 283.9k $21.1m | Added +98.6k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 266.6k $19.8m | Reduced -9.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.07% of their portfolio | 263.3k $19.6m | Reduced -5.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 239.0k $17.8m | Reduced -6.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.05% of their portfolio | 235.0k $17.5m | Added +10.0k |
| AXA S.A. 0.05% of their portfolio | 228.2k $17.0m | Added +10.0k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 228.1k $16.9m | Reduced -18.6k |
| Analyst IMS Investment Management Services Ltd. 0.62% of their portfolio | 226.9k $16.9m | Added +75 |
| Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio | 222.9k $16.6m | Added +156.7k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 221.4k $16.5m | Reduced -613 |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 215.9k $16.1m | Added +7.1k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 211.4k $15.7m | Reduced -16.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 207.3k $15.4m | Added +2.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 203.2k $15.1m | Reduced -202.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio | 189.5k $14.1m | First filing |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 181.9k $13.5m | Reduced -63.9k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.22% of their portfolio | 170.5k $12.7m | Added +18.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio | 168.5k $12.5m | Added +26.2k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 167.9k $12.5m | Reduced -1.4k |
| Uniplan Investment Counsel, Inc. 1.07% of their portfolio | 155.3k $11.5m | Reduced -3.2k |
| Davis Selected Advisers 0.07% of their portfolio | 152.8k $11.4m | Unchanged |
| Riverview Capital Advisers, LLC 3.39% of their portfolio | 151.3k $11.2m | Reduced -1.2k |
| ZACKS INVESTMENT MANAGEMENT 0.10% of their portfolio | 146.8k $10.9m | Reduced -14.4k |
| WHITTIER TRUST CO OF NEVADA INC 0.26% of their portfolio | 144.1k $10.7m | Added +10.3k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 143.5k $10.7m | Reduced -8.7k |
| Cinctive Capital Management LP 0.57% of their portfolio | 142.7k $10.6m | Added +56.7k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 134.5k $10.0m | Added +120.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 133.5k $9.9m | Reduced -6.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 131.3k $9.8m | Reduced -25.8k |
| FIRST MANHATTAN CO. LLC. 0.03% of their portfolio | 131.0k $9.9m | Reduced -42 |
| State of New Jersey Common Pension Fund D 0.04% of their portfolio | 128.0k $9.5m | Reduced -2.9k |
| NISA INVESTMENT ADVISORS, LLC 0.04% of their portfolio | 127.4k $9.6m | Reduced -5.6k |
| CITIGROUP INC 0.01% of their portfolio | 125.9k $9.4m | Reduced -42.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 125.8k $9.4m | Reduced -8.7k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 124.8k $8.9m | Added +3.7k |
| KLP KAPITALFORVALTNING AS 0.04% of their portfolio | 123.4k $9.3m | First filing |
| Candriam S.C.A. 0.05% of their portfolio | 122.8k $9.1m | Added +102.8k |
| CI INVESTMENTS INC. 0.03% of their portfolio | 122.5k $9.1m | Reduced -15.1k |
| LBP AM SA 0.12% of their portfolio | 122.0k $9.1m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 121.9k $9.1m | Reduced -5.0k |
| Masterton Capital Management, LP 5.10% of their portfolio | 121.0k $9.0m | Added +35.0k |