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 ($28.5m this quarter). Holder counts are more reliable. Shares outstanding: 158.4m as of 2025-07-31, 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 ≈ $67.54. Options: 16 managers hold calls ($89.6m notional), 16 hold puts ($83.0m).
Trends to Q2 2025
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 |
| Q1 2025 | 608 |
| Q2 2025 | 612 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 234 | 221 |
| Q4 2023 | 280 | 245 |
| Q1 2024 | 304 | 237 |
| Q2 2024 | 292 | 244 |
| Q3 2024 | 306 | 251 |
| Q4 2024 | 284 | 258 |
| Q1 2025 | 291 | 277 |
| Q2 2025 | 322 | 265 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $97.6m | $104.4m | 1.07 |
| Q4 2024 | $78.9m | $102.8m | 1.30 |
| Q1 2025 | $110.7m | $96.8m | 0.87 |
| Q2 2025 | $89.6m | $83.0m | 0.93 |
Biggest buyers
| COHEN & STEERS, INC. | Added | +3.2m |
| ROYAL BANK OF CANADA | Added | +1.0m |
| VANGUARD GROUP INC | Added | +1.0m |
| MILLENNIUM MANAGEMENT LLC | Added | +875.4k |
| Nuveen, LLC | Added | +787.6k |
| FRANKLIN RESOURCES INC | Added | +678.5k |
| GOLDMAN SACHS GROUP INC | Added | +661.5k |
| BAMCO INC /NY/ | New | +571.8k |
| Daiwa Securities Group Inc. | Added | +472.2k |
| BARCLAYS PLC | Added | +449.3k |
Biggest sellers
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -1.4m |
| GOLDENTREE ASSET MANAGEMENT LP | Sold out | -1.1m |
| Brookfield Corp /ON/ | Sold out | -992.1k |
| NORTHERN TRUST CORP | Reduced | -885.6k |
| CITADEL ADVISORS LLC | Reduced | -613.6k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Reduced | -481.9k |
| AMERIPRISE FINANCIAL INC | Reduced | -394.6k |
| JANUS HENDERSON GROUP PLC | Reduced | -379.1k |
| Balyasny Asset Management L.P. | Reduced | -345.5k |
| Invesco Ltd. | Reduced | -287.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $22.3m330.9k shares |
| Walleye Trading LLC | Added | $14.0m207.3k shares |
| GROUP ONE TRADING LLC | Added | $9.6m142.1k shares |
| IMC-Chicago, LLC | Added | $9.0m133.5k shares |
| JANE STREET GROUP, LLC | Added | $7.2m106.2k shares |
| SIMPLEX TRADING, LLC | Added | $5.4m79.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $4.9m71.4k shares |
| CITADEL ADVISORS LLC | Reduced | $4.3m63.3k shares |
| LANDMARK INVESTMENT PARTNERS, L.P. | New | $4.1m60.8k shares |
| Twin Tree Management, LP | Reduced | $2.2m32.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $21.1m312.6k shares |
| CITADEL ADVISORS LLC | Reduced | $16.4m242.8k shares |
| PEAK6 LLC | Added | $7.6m113.2k shares |
| SIMPLEX TRADING, LLC | Added | $7.2m106.2k shares |
| WOLVERINE TRADING, LLC | Added | $6.6m96.5k shares |
| ROYAL BANK OF CANADA | Added | $6.1m91.0k shares |
| IMC-Chicago, LLC | Added | $3.8m56.1k shares |
| JANE STREET GROUP, LLC | Added | $3.7m55.5k shares |
| Walleye Trading LLC | Added | $2.9m43.6k shares |
| GROUP ONE TRADING LLC | Added | $2.0m30.3k 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 Q2 2025
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 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 | — | — |
| Q1 2025 | 0 | — | 2 | $1.0m | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 24.5m $1.7bn | Added +1.0m |
| BlackRock, Inc. 0.03% of their portfolio | 19.5m $1.3bn | Reduced -34.9k |
| STATE STREET CORP 0.03% of their portfolio | 11.4m $782.3m | Added +186.3k |
| NORGES BANK 0.09% of their portfolio | 10.2m $686.9m | Unchanged |
| APG Asset Management US Inc. 3.65% of their portfolio | 7.2m $488.3m | Reduced -47.1k |
| COHEN & STEERS, INC. 0.63% of their portfolio | 5.1m $345.3m | Added +3.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 4.2m $279.2m | Added +68.5k |
| Allspring Global Investments Holdings, LLC 0.47% of their portfolio | 4.1m $279.9m | Reduced -22.6k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 4.0m $268.0m | Added +2.4k |
| First Eagle Investment Management, LLC 0.48% of their portfolio | 3.5m $238.8m | Reduced -96.8k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 3.3m $221.6m | Reduced -885.6k |
| Boston Partners 0.23% of their portfolio | 3.0m $203.0m | Added +403.1k |
| MORGAN STANLEY 0.01% of their portfolio | 2.8m $190.3m | Added +124.1k |
| Invesco Ltd. 0.03% of their portfolio | 2.7m $181.5m | Reduced -287.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 2.7m $181.2m | Added +211.4k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 2.7m $179.6m | Added +661.5k |
| EARNEST PARTNERS LLC 0.81% of their portfolio | 2.7m $179.6m | Added +13.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.4m $160.9m | Added +67.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 2.3m $154.0m | Added +83.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.2m $149.8m | Reduced -13.3k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 1.42% of their portfolio | 2.0m $137.1m | Reduced -481.9k |
| Legal & General Group Plc 0.03% of their portfolio | 2.0m $134.4m | Reduced -29.8k |
| Senvest Management, LLC 4.31% of their portfolio | 1.9m $128.5m | Reduced -158.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 1.7m $117.5m | Reduced -116.5k |
| SEI INVESTMENTS CO 0.12% of their portfolio | 1.5m $103.6m | Added +229.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio | 1.5m $99.5m | Reduced -1.4m |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.4m $94.3m | Reduced -20.4k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.4m $91.7m | Added +1.0m |
| Daiwa Securities Group Inc. 0.28% of their portfolio | 1.1m $76.8m | Added +472.2k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.1m $72.8m | Reduced -394.6k |
| BARCLAYS PLC 0.03% of their portfolio | 1.1m $74.1m | Added +449.3k |
| Nuveen, LLC 0.02% of their portfolio | 1.0m $67.9m | Added +787.6k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.76% of their portfolio | 961.8k $64.9m | Added +17.3k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 930.8k $62.8m | Added +875.4k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 870.2k $58.7m | Added +678.5k |
| UBS Group AG 0.01% of their portfolio | 868.6k $58.6m | Reduced -36.6k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 816.9k $55.1m | Reduced -131.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 807.4k $54.5m | Added +13.2k |
| Amundi 0.02% of their portfolio | 706.6k $48.2m | Added +7.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 692.5k $46.7m | Reduced -65.4k |
| Divco West Real Estate Services, LLC 48.28% of their portfolio | 680.5k $45.9m | Unchanged |
| Clark Capital Management Group, Inc. 0.32% of their portfolio | 679.3k $45.8m | Added +15.4k |
| BAMCO INC /NY/ 0.10% of their portfolio | 571.8k $38.6m | New |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 519.9k $35.1m | Added +121.3k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 506.3k $34.1m | Reduced -379.1k |
| STRS OHIO 0.12% of their portfolio | 491.0k $33.1m | Reduced -30.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 471.8k $31.8m | Added +41.3k |
| Swiss National Bank 0.02% of their portfolio | 455.4k $30.7m | Added +31.8k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 422.9k $28.5m | Reduced -613.6k |
| State of Tennessee, Department of Treasury 0.10% of their portfolio | 419.8k $28.3m | Reduced -18.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 406.5k $27.4m | Added +96.3k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 405.5k $27.4m | Added +44.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 401.0k $27.1m | Added +25.8k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 365.5k $24.7m | Added +224.0k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 0.96% of their portfolio | 346.3k $23.4m | Added +6.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 343.9k $23.2m | Added +29.3k |
| Analyst IMS Investment Management Services Ltd. 0.78% of their portfolio | 339.6k $22.9m | Added +112.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 336.6k $22.7m | Added +9.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.06% of their portfolio | 329.2k $22.2m | Added +38.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 320.3k $21.6m | Added +16.8k |
| FIRST MANHATTAN CO. LLC. 0.06% of their portfolio | 301.0k $20.6m | Added +113.9k |
| Woodbridge Co Ltd 0.03% of their portfolio | 300.1k $20.2m | First filing |
| Aberdeen Group plc 0.03% of their portfolio | 296.1k $19.8m | Reduced -161.9k |
| Asset Management One Co., Ltd. 0.06% of their portfolio | 291.9k $19.7m | Added +4.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 288.9k $19.5m | Reduced -32.4k |
| WHITTIER TRUST CO 0.23% of their portfolio | 284.6k $19.2m | Added +19.7k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.29% of their portfolio | 272.8k $18.4m | New |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 270.2k $18.4m | Reduced -32.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.06% of their portfolio | 256.7k $17.3m | Added +320 |
| NOMURA ASSET MANAGEMENT CO LTD 0.05% of their portfolio | 255.9k $17.3m | Added +7.4k |
| CITIGROUP INC 0.01% of their portfolio | 237.2k $16.0m | Added +52.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 226.2k $15.3m | Added +12.4k |
| Robeco Institutional Asset Management B.V. 0.02% of their portfolio | 225.0k $15.2m | Added +8.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 221.9k $15.0m | Reduced -16.2k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 219.6k $14.8m | Added +34.3k |
| Masterton Capital Management, LP 7.20% of their portfolio | 219.0k $11.9m | Added +159.0k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 210.6k $14.2m | Added +87 |
| Davis Selected Advisers 0.08% of their portfolio | 209.6k $14.1m | Added +6.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 209.2k $14.1m | Added +1.3k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 202.2k $13.6m | Added +157.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 201.2k $13.6m | Added +171.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 194.2k $13.1m | Reduced -654 |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 185.6k $12.5m | Reduced -5.1k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.03% of their portfolio | 172.6k $11.6m | Reduced -1.2k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 162.9k $11.0m | Reduced -23.2k |
| AXA S.A. 0.03% of their portfolio | 161.3k $10.9m | Reduced -37.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 160.8k $10.8m | Added +38.9k |
| ZACKS INVESTMENT MANAGEMENT 0.09% of their portfolio | 150.7k $10.2m | Reduced -410 |
| Pacific Heights Asset Management LLC 0.54% of their portfolio | 150.0k $10.1m | Added +50.0k |
| Lighthouse Investment Partners, LLC 0.44% of their portfolio | 148.5k $10.0m | Reduced -5.5k |
| Uniplan Investment Counsel, Inc. 0.98% of their portfolio | 143.1k $9.7m | Reduced -2.8k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.05% of their portfolio | 139.4k $9.4m | Added +68.4k |
| Korea Investment CORP 0.02% of their portfolio | 138.3k $9.3m | Added +33.6k |
| WHITTIER TRUST CO OF NEVADA INC 0.21% of their portfolio | 136.5k $9.2m | Added +11.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 134.7k $9.1m | Added +1.2k |
| Riverview Capital Advisers, LLC 2.60% of their portfolio | 134.3k $9.1m | Reduced -15.6k |
| AVIVA PLC 0.02% of their portfolio | 134.1k $9.0m | Added +7.7k |
| Adelante Capital Management LLC 0.65% of their portfolio | 131.3k $8.9m | Reduced -252.6k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 131.2k $8.9m | Reduced -521 |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.13% of their portfolio | 127.1k $8.6m | Unchanged |