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 ($18.2m this quarter). Holder counts are more reliable. Shares outstanding: 159.5m as of 2026-05-01, 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 ≈ $51.92. Options: 11 managers hold calls ($37.3m notional), 14 hold puts ($48.7m).
Trends to Q1 2026
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 |
| Q3 2025 | 620 |
| Q4 2025 | 619 |
| Q1 2026 | 538 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 292 | 244 |
| Q3 2024 | 306 | 251 |
| Q4 2024 | 284 | 258 |
| Q1 2025 | 291 | 277 |
| Q2 2025 | 322 | 265 |
| Q3 2025 | 300 | 277 |
| Q4 2025 | 266 | 288 |
| Q1 2026 | 218 | 380 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $89.6m | $83.0m | 0.93 |
| Q3 2025 | $130.4m | $128.5m | 0.99 |
| Q4 2025 | $72.7m | $47.0m | 0.65 |
| Q1 2026 | $37.3m | $48.7m | 1.31 |
Biggest buyers
| First Eagle Investment Management, LLC | Added | +5.9m |
| COHEN & STEERS, INC. | Added | +5.5m |
| CITADEL ADVISORS LLC | Added | +2.3m |
| Invesco Ltd. | Added | +2.2m |
| Daiwa Securities Group Inc. | Added | +1.3m |
| PRUDENTIAL FINANCIAL INC | Added | +1.1m |
| JPMORGAN CHASE & CO | Added | +790.5k |
| Woodline Partners LP | New | +682.8k |
| JANE STREET GROUP, LLC | New | +424.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +338.0k |
Biggest sellers
| Boston Partners | Reduced | -3.4m |
| Allspring Global Investments Holdings, LLC | Reduced | -2.1m |
| BlackRock, Inc. | Reduced | -1.9m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Reduced | -1.7m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -1.5m |
| STATE STREET CORP | Reduced | -1.4m |
| NORTHERN TRUST CORP | Reduced | -910.1k |
| MORGAN STANLEY | Reduced | -841.1k |
| DEUTSCHE BANK AG\ | Reduced | -772.5k |
| HSBC HOLDINGS PLC | Reduced | -688.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.9m133.7k shares |
| Squarepoint Ops LLC | New | $5.3m102.6k shares |
| Walleye Trading LLC | Reduced | $5.3m102.1k shares |
| IMC-Chicago, LLC | Reduced | $5.2m100.2k shares |
| CITADEL ADVISORS LLC | Added | $4.4m85.4k shares |
| JANE STREET GROUP, LLC | Reduced | $3.2m61.4k shares |
| Greenland Capital Management LP | Added | $2.4m47.0k shares |
| GROUP ONE TRADING LLC | Reduced | $1.9m37.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.1m22.1k shares |
| D. E. Shaw & Co., Inc. | Reduced | $996.5k19.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $19.2m370.6k shares |
| CITADEL ADVISORS LLC | Added | $6.6m127.4k shares |
| JANE STREET GROUP, LLC | Added | $5.2m99.8k shares |
| IMC-Chicago, LLC | Added | $4.3m83.3k shares |
| PEAK6 LLC | Added | $3.4m65.6k shares |
| JPMORGAN CHASE & CO | Added | $2.4m47.0k shares |
| Squarepoint Ops LLC | New | $2.3m44.9k shares |
| SIMPLEX TRADING, LLC | Added | $1.8m35.0k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $1.5m28.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $679.9k13.1k 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 2026
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 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 2 | $2.0m | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $1.0m | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 4 | $5.1m | — |
| Q1 2026 | 0 | — | 2 | $476.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-27 | Spann Hilary J. Executive Vice President | Sold | $328.0k5.5k shares |
| 2026-02-13 | THOMAS OWEN D Chief Executive Officer, director · By Glenowen Holdings, LLC | Sold | $73.3k1.2k shares |
| 2026-02-05 | Spann Hilary J. Executive Vice President | Sold | $75.6k1.2k 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 2026
| Manager | Shares | Change |
|---|---|---|
| COHEN & STEERS, INC. 1.88% of their portfolio | 20.8m $1.1bn | Added +5.5m |
| BlackRock, Inc. 0.01% of their portfolio | 16.5m $854.3m | Reduced -1.9m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 12.8m $665.6m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 10.0m $517.5m | First filing |
| STATE STREET CORP 0.02% of their portfolio | 9.9m $520.1m | Reduced -1.4m |
| First Eagle Investment Management, LLC 0.82% of their portfolio | 9.3m $485.0m | Added +5.9m |
| APG Asset Management US Inc. 2.84% of their portfolio | 7.2m $368.0m | Reduced -188.9k |
| Invesco Ltd. 0.03% of their portfolio | 6.3m $324.9m | Added +2.2m |
| Daiwa Securities Group Inc. 0.65% of their portfolio | 4.3m $224.2m | Added +1.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.3m $223.5m | Added +42.9k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 4.2m $218.4m | Added +790.5k |
| CITADEL ADVISORS LLC 0.15% of their portfolio | 4.1m $211.1m | Added +2.3m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.7m $139.8m | Added +248.2k |
| MORGAN STANLEY 0.01% of their portfolio | 2.6m $134.2m | Reduced -841.1k |
| EARNEST PARTNERS LLC 0.55% of their portfolio | 2.6m $132.5m | Reduced -82.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.5m $131.4m | Added +102.5k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.4m $123.3m | Reduced -910.1k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.3m $121.7m | Added +51.8k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 2.0m $103.8m | Added +35.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.0m $102.1m | Reduced -345.4k |
| PRUDENTIAL FINANCIAL INC 0.09% of their portfolio | 1.3m $69.1m | Added +1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.3m $67.8m | Reduced -582.2k |
| Legal & General Group Plc 0.02% of their portfolio | 1.3m $65.3m | Reduced -289.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 992.6k $55.3m | Reduced -141.7k |
| BARCLAYS PLC 0.02% of their portfolio | 918.1k $47.6m | Reduced -163.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 906.3k $47.0m | Reduced -163.9k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.48% of their portfolio | 888.8k $46.1m | Added +9.7k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 865.3k $44.9m | Reduced -688.7k |
| UBS Group AG 0.01% of their portfolio | 841.9k $43.7m | Added +114.6k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 840.4k $43.6m | First filing |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 818.8k $42.5m | Reduced -772.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 810.1k $42.0m | Added +1.4k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 750.3k $38.9m | Reduced -206.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 719.3k $34.9m | Reduced -296.6k |
| State of Tennessee, Department of Treasury 0.12% of their portfolio | 696.2k $36.1m | Added +105.1k |
| Woodline Partners LP 0.13% of their portfolio | 682.8k $35.4m | New |
| Divco West Real Estate Services, LLC 49.14% of their portfolio | 680.5k $35.3m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 630.5k $32.7m | Reduced -28.7k |
| STRS OHIO 0.12% of their portfolio | 582.6k $30.2m | Reduced -61.6k |
| Nuveen, LLC 0.01% of their portfolio | 565.1k $29.3m | Reduced -399.4k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 515.1k $26.7m | Reduced -388.7k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.38% of their portfolio | 490.2k $25.4m | Reduced -132.6k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 1.00% of their portfolio | 487.1k $25.3m | Added +241.6k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 424.4k $22.0m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 400.8k $20.8m | Added +338.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 395.7k $20.5m | Reduced -72.8k |
| CITIGROUP INC 0.01% of their portfolio | 388.6k $20.2m | Reduced -82.9k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 380.8k $19.8m | Added +108.7k |
| FIRST MANHATTAN CO. LLC. 0.05% of their portfolio | 347.9k $18.3m | Added +36.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 346.4k $18.0m | Reduced -36.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 343.6k $17.8m | Added +2.0k |
| Amundi 0.00% of their portfolio | 341.1k $17.7m | Reduced -269.1k |
| Analyst IMS Investment Management Services Ltd. 0.53% of their portfolio | 339.5k $17.6m | Reduced -77 |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 326.1k $16.9m | Reduced -2.4k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 326.0k $16.9m | Reduced -1.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 320.3k $16.6m | Added +5.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 312.5k $16.2m | Reduced -97.4k |
| Vanguard Global Advisers, LLC 0.01% of their portfolio | 309.0k $16.0m | First filing |
| Woodbridge Co Ltd 0.06% of their portfolio | 300.1k $15.6m | Unchanged |
| Swiss National Bank 0.01% of their portfolio | 297.9k $15.5m | Reduced -94.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 297.3k $15.4m | Reduced -153.3k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 292.5k $15.2m | Reduced -59.1k |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 286.9k $14.9m | Reduced -30.4k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 272.6k $14.1m | Added +84.3k |
| H/2 CREDIT MANAGER LP 2.78% of their portfolio | 268.1k $13.9m | Unchanged |
| ALGEBRIS (UK) LTD 1.00% of their portfolio | 266.7k $13.8m | Added +50.0k |
| NATIXIS 0.05% of their portfolio | 259.3k $13.5m | New |
| Pacific Heights Asset Management LLC 0.43% of their portfolio | 250.0k $13.0m | Unchanged |
| CHILTON CAPITAL MANAGEMENT LLC 0.45% of their portfolio | 247.6k $13.0m | Added +134.2k |
| Quantinno Capital Management LP 0.02% of their portfolio | 241.8k $12.5m | Added +87.4k |
| Davis Selected Advisers 0.06% of their portfolio | 237.2k $12.3m | Added +3.3k |
| NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio | 235.1k $12.2m | Reduced -38.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 234.3k $12.2m | Reduced -438.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 228.7k $11.9m | Reduced -24.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 222.7k $11.6m | Reduced -127.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 219.9k $11.4m | Reduced -220.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 218.1k $14.7m | Reduced -35.1k |
| Asset Management One Co., Ltd. 0.03% of their portfolio | 216.2k $11.2m | Reduced -75.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 214.6k $11.2m | Reduced -129.5k |
| CIBC Bancorp USA Inc. 0.01% of their portfolio | 213.9k $11.1m | First filing |
| TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio | 180.2k $9.4m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 177.5k $9.2m | Reduced -57.5k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 177.5k $9.2m | Reduced -241.7k |
| Jain Global LLC 0.12% of their portfolio | 176.2k $9.1m | New |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 170.5k $8.8m | Reduced -93.4k |
| EXCHANGE TRADED CONCEPTS, LLC 0.07% of their portfolio | 170.3k $8.8m | Added +168.4k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 164.1k $8.4m | Added +158.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 153.7k $8.0m | Added +32.3k |
| Hudson Bay Capital Management LP 0.05% of their portfolio | 153.2k $7.9m | New |
| MIZUHO MARKETS AMERICAS LLC 0.21% of their portfolio | 149.0k $7.7m | Reduced -38.4k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 144.9k $7.5m | Reduced -17.7k |
| Vanguard Investments Australia, Ltd. 0.02% of their portfolio | 144.1k $7.5m | First filing |
| Apollo Management Holdings, L.P. 0.12% of their portfolio | 140.4k $7.3m | Reduced -12.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 137.8k $7.2m | First filing |
| Jefferies Financial Group Inc. 0.08% of their portfolio | 130.7k $6.8m | Added +4.8k |
| Riverview Capital Advisers, LLC 2.25% of their portfolio | 130.1k $6.8m | Reduced -1.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 129.2k $6.7m | Reduced -3.1k |
| WHITTIER TRUST CO 0.07% of their portfolio | 127.9k $6.6m | Reduced -173.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 126.0k $6.5m | Reduced -6.4k |
| State of New Jersey Common Pension Fund D 0.02% of their portfolio | 122.9k $6.4m | Unchanged |