BXPNYSEReal Estate Investment TrustsFiscal year ends December 31
BXP, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$57.94−1.26 (-2.13%)
Close on Oct 19, 2026
- Market cap
- $9.25B
- P/E (TTM)
- 31.2
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
187M of 160M shares
Institutional holders
548
78 new, 60 sold out
Net institutional buying
18M
In Q2 2026
Insider trades, 12 months
0 buys · 12 sales
Net sold $7.74M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| State Street Corporation | 9,894,578 | 6.20% | 13G (passive) | Mar 31, 2026 |
| First Eagle Investment Management, LLC | 9,511,749 | 6.00% | 13G (passive) | Mar 31, 2026 |
| Cohen & Steers, Inc. | 22,852,859 | 14.33% | 13G (passive) amendment | Jun 30, 2026 |
| BlackRock, Inc. | 15,897,016 | 10.00% | 13G (passive) amendment | Sep 30, 2025 |
| Vanguard Portfolio Management | 12,843,709 | 8.09% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 11,382,769 | 7.17% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BXP | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Cohen & Steers, Inc. | 22,784,376 | 14.27% | $1.51M | +1,935,049 | 2.39% |
| First Eagle Investment Management, LLC | 18,934,494 | 11.86% | $1.26B | +9,590,033 | 1.04% |
| BlackRock, Inc. | 17,981,430 | 11.26% | $1.19B | +1,521,475 | 0.02% |
| Vanguard Portfolio Management LLC | 12,963,896 | 8.12% | $859.64M | +139,352 | 0.04% |
| Vanguard Capital Management LLC | 10,052,458 | 6.30% | $666.58M | +81,817 | 0.01% |
| State Street Corp | 9,845,148 | 6.17% | $659.64M | −44,920 | 0.02% |
| APG Asset Management US Inc. | 7,230,130 | 4.53% | $489.91M | +17,549 | 3.43% |
| Norges Bank | 6,481,326 | 4.06% | $429.78M | New | 0.04% |
| Invesco Ltd. | 5,799,416 | 3.63% | $384.56M | −460,269 | 0.03% |
| Geode Capital Management, LLC | 4,395,853 | 2.75% | $291.01M | +82,880 | 0.02% |
| Daiwa Securities Group Inc. | 4,088,872 | 2.56% | $271.13M | −230,905 | 0.53% |
| Morgan Stanley | 2,985,033 | 1.87% | $197.94M | +398,710 | 0.01% |
| Bank Of America Corp /De/ | 2,812,104 | 1.76% | $186.47M | +118,728 | 0.01% |
| Charles Schwab Investment Management Inc | 2,672,074 | 1.67% | $177.19M | +140,173 | 0.02% |
| Northern Trust Corp | 2,561,870 | 1.60% | $169.88M | +187,047 | 0.02% |
| Earnest Partners LLC | 2,530,668 | 1.59% | $167.81M | −22,165 | 0.61% |
| Dimensional Fund Advisors LP | 2,321,469 | 1.45% | $153.94M | −22,952 | 0.03% |
| Sei Investments Co | 2,038,927 | 1.28% | $135.20M | +38,260 | 0.12% |
| Citadel Advisors LLC | 1,934,641 | 1.21% | $128.29M | −2,132,184 | 0.01% |
| Massachusetts Financial Services Co /Ma/ | 1,842,273 | 1.15% | $132.21M | +849,683 | 0.04% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 548 | 187M | 100.0% | 78 / 222 | 166 / 60 | 29M | 11M |
| Q1 2026 | 538 | 169M | 100.0% | 72 / 156 | 238 / 143 | 49M | 36M |
| Q4 2025 | 618 | 181M | 100.0% | 80 / 214 | 216 / 71 | 25M | 9M |
| Q3 2025 | 618 | 165M | 100.0% | 78 / 227 | 211 / 67 | 19M | 25M |
| Q2 2025 | 611 | 171M | 100.0% | 85 / 245 | 193 / 72 | 15M | 11M |
| Q1 2025 | 605 | 167M | 100.0% | 65 / 235 | 210 / 67 | 16M | 9M |
| Q4 2024 | 617 | 162M | 100.0% | 95 / 230 | 199 / 58 | 11M | 13M |
| Q3 2024 | 590 | 164M | 100.0% | 87 / 229 | 191 / 60 | 27M | 8M |
| Q2 2024 | 567 | 164M | 100.0% | 61 / 238 | 182 / 63 | 9M | 10M |
| Q1 2024 | 576 | 165M | 100.0% | 85 / 229 | 171 / 66 | 15M | 13M |
| Q4 2023 | 563 | 163M | 100.0% | 118 / 188 | 196 / 49 | 18M | 15M |
| Q3 2023 | 500 | 160M | 100.0% | 66 / 177 | 178 / 43 | 10M | 11M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of BXP | Value | % of fund | As of |
|---|---|---|---|---|---|
| First Eagle Global Fund | 6,565,788 | 4.11% | $460.39M | 0.61% | Jul 31, 2026 |
| Vanguard Real Estate Index Fund | 5,657,657 | 3.54% | $396.71M | 0.54% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 5,066,591 | 3.17% | $335.97M | 0.01% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 3,843,378 | 2.41% | $254.85M | 0.02% | Jun 30, 2026 |
| Cohen & Steers Real Estate Securities Fund | 3,683,143 | 2.31% | $244.23M | 2.55% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 3,654,865 | 2.29% | $242.35M | 0.13% | Jun 30, 2026 |
| Cohen & Steers Institutional Realty Shares | 3,330,104 | 2.09% | $220.82M | 2.47% | Jun 30, 2026 |
| Cohen & Steers Realty Shares | 3,035,185 | 1.90% | $201.26M | 2.47% | Jun 30, 2026 |
| Invesco S&P 500 Equal Weight ETF | 2,846,431 | 1.78% | $199.59M | 0.21% | Jul 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 2,316,846 | 1.45% | $153.63M | 0.23% | Jun 30, 2026 |
| iShares Core S&P 500 ETF | 2,036,688 | 1.28% | $135.05M | 0.02% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 1,886,921 | 1.18% | $113.23M | 0.01% | May 31, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 500(R) High Dividend ETF | 1,335,743 | 0.84% | $88.57M | 1.20% | Jun 30, 2026 |
| State Street(R) Real Estate Select Sector SPDR(R) ETF | 1,242,798 | 0.78% | $82.41M | 1.02% | Jun 30, 2026 |
| Schwab U.S. REIT ETF | 1,043,098 | 0.65% | $62.60M | 0.63% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Owen D. Thomas | Chief Executive Officer, Director | 11,475 | 0.01% | Feb 17, 2026 |
| Douglas T. Linde | President, Director | 183,563 | 0.11% | Feb 17, 2026 |
| Michael E. Labelle | EVP and CFO | 5,839 | 0.00% | Jun 10, 2026 |
| Eric G. Kevorkian | SVP, CLO and Secretary | 311 | 0.00% | May 26, 2026 |
| Peter V. Otteni | Executive Vice President | 0 | – | May 20, 2026 |
| Hilary J. Spann | Executive Vice President | 17,832 | 0.01% | Mar 2, 2026 |
| Bryan J. Koop | Executive Vice President | 9,752 | 0.01% | Feb 17, 2026 |
| Raymond A. Ritchey | Senior EVP | 14,150 | 0.01% | Feb 17, 2026 |
| Rodney Diehl | Executive Vice President | 11,436 | 0.01% | Feb 2, 2026 |
| Michael R. Walsh | SVP & Chief Accounting Officer | 179 | 0.00% | Feb 2, 2026 |
| John J. Stroman | Executive Vice President | 0 | – | Feb 2, 2026 |
| Donna D. Garesche | EVP, Chief HR Officer | 0 | – | Feb 2, 2026 |
| Bruce W. Duncan | Director | 19,000 | 0.01% | Jul 1, 2026 |
| Mary E. Kipp | Director | 542 | 0.00% | Jul 1, 2026 |
| Tony West | Director | 7,691 | 0.00% | Jul 1, 2026 |
| Matthew J. Lustig | Director | 10,000 | 0.01% | Jul 1, 2026 |
| Joel Klein | Director | 0 | – | Jul 1, 2026 |
| William H. Walton Iii | Director | – | – | Jul 1, 2026 |
| Julie Richardson | Director | – | – | Jul 1, 2026 |
| Diane J. Hoskins | Director | 18,929 | 0.01% | Jun 2, 2026 |
| Timothy J. Naughton | Director | 8,601 | 0.01% | Jun 2, 2026 |
| Carol B. Einiger | Director | 18,000 | 0.01% | Apr 1, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Michael E. Labelle EVP and CFO | Jun 9, 2026 | Sale | −8,033 | $67.02 | $538.37K | 5,839 |
| Michael E. Labelle EVP and CFO | Jun 9, 2026 | Sale | −18,080 | $66.05 | $1.19M | 13,872 |
| Michael E. Labelle EVP and CFO | Jun 4, 2026 | Conversion | +23,981 | – | – | 31,952 |
| Diane J. Hoskins Director | May 29, 2026 | Award | +3,332 | – | – | 18,929 |
| Timothy J. Naughton Director | May 29, 2026 | Award | +3,332 | – | – | 8,601 |
| Tony West Director | May 29, 2026 | Award | +1,666 | – | – | 7,691 |
| Eric G. Kevorkian SVP, CLO and Secretary | May 22, 2026 | Sale | −2,000 | $59.85 | $119.70K | 311 |
| Eric G. Kevorkian SVP, CLO and Secretary | May 21, 2026 | Sale | −200 | $60.23 | $12.05K | 2,311 |
| Eric G. Kevorkian SVP, CLO and Secretary | May 21, 2026 | Conversion | +2,000 | – | – | 2,511 |
| Peter V. Otteni Executive Vice President | May 20, 2026 | Sale | −4,863 | $59.06 | $287.21K | 0 |
| Peter V. Otteni Executive Vice President | May 15, 2026 | Conversion | +4,863 | – | – | 4,863 |
| Hilary J. Spann Executive Vice President | Feb 27, 2026 | Sale | −5,495 | $59.69 | $328.00K | 17,832 |
| Hilary J. Spann Executive Vice President | Feb 25, 2026 | Conversion | +5,495 | – | – | 23,327 |
| Owen D. Thomas Chief Executive Officer, Director | Feb 13, 2026 | Sale | −1,198 | $61.22 | $73.34K | 0 |
| Hilary J. Spann Executive Vice President | Feb 5, 2026 | Sale | −1,194 | $63.31 | $75.59K | 17,832 |
| Hilary J. Spann Executive Vice President | Jan 30, 2026 | Award | +12,757 | – | – | 19,026 |
| Hilary J. Spann Executive Vice President | Jan 15, 2026 | Tax withholding | −1,002 | $67.11 | $67.24K | 6,269 |
| Michael E. Labelle EVP and CFO | Jan 15, 2026 | Tax withholding | −1,252 | $67.11 | $84.02K | 7,971 |
| Eric G. Kevorkian SVP, CLO and Secretary | Jan 15, 2026 | Tax withholding | −97 | $67.11 | $6.51K | 511 |
| Hilary J. Spann Executive Vice President | Jan 15, 2026 | Tax withholding | −1,224 | $67.11 | $82.14K | 6,047 |
| Eric G. Kevorkian SVP, CLO and Secretary | Jan 15, 2026 | Tax withholding | −92 | $67.11 | $6.17K | 516 |
| Michael E. Labelle EVP and CFO | Jan 15, 2026 | Tax withholding | −1,658 | $67.11 | $111.27K | 7,565 |
| Owen D. Thomas Chief Executive Officer, Director | Dec 26, 2025 | Inheritance | +208 | – | – | 1,198 |
| Owen D. Thomas Chief Executive Officer, Director | Dec 15, 2025 | Inheritance | +990 | – | – | 990 |
| Raymond A. Ritchey Senior EVP | Dec 1, 2025 | Sale | −36,314 | $72.18 | $2.62M | 0 |
| Raymond A. Ritchey Senior EVP | Nov 26, 2025 | Conversion | +36,314 | – | – | 36,314 |
| Peter V. Otteni Executive Vice President | Nov 25, 2025 | Sale | −4,136 | $72.65 | $300.48K | 0 |
| Peter V. Otteni Executive Vice President | Nov 17, 2025 | Conversion | +4,136 | – | – | 4,136 |
| John J. Stroman Executive Vice President | Nov 12, 2025 | Sale | −16,838 | $72.17 | $1.22M | 0 |
| Michael E. Labelle EVP and CFO | Nov 7, 2025 | Sale | −13,422 | $72.34 | $970.95K | 9,223 |
| Eric G. Kevorkian SVP, CLO and Secretary | Nov 6, 2025 | Gift | −100 | – | – | 608 |
| John J. Stroman Executive Vice President | Aug 7, 2025 | Conversion | +16,838 | – | – | 16,838 |
| Diane J. Hoskins Director | May 28, 2025 | Award | +2,434 | – | – | 15,597 |
| Tony West Director | May 28, 2025 | Award | +1,217 | – | – | 6,025 |
| Timothy J. Naughton Director | May 28, 2025 | Award | +2,434 | – | – | 5,269 |
| Donna D. Garesche EVP, Chief HR Officer | Mar 5, 2025 | Sale | −2,143 | $67.87 | $145.45K | 0 |
| Donna D. Garesche EVP, Chief HR Officer | Mar 3, 2025 | Conversion | +2,143 | – | – | 2,143 |
| Hilary J. Spann Executive Vice President | Feb 4, 2025 | Sale | −12,379 | $72.02 | $891.54K | 7,271 |
| Eric G. Kevorkian SVP, CLO and Secretary | Jan 15, 2025 | Tax withholding | −98 | $72.00 | $7.06K | 708 |
| Hilary J. Spann Executive Vice President | Jan 15, 2025 | Tax withholding | −1,003 | $72.00 | $72.22K | 19,650 |
| Michael E. Labelle EVP and CFO | Jan 15, 2025 | Tax withholding | −1,249 | $72.00 | $89.93K | 22,645 |
| Raymond A. Ritchey Senior EVP | Sep 9, 2024 | Sale | −21,835 | $74.25 | $1.62M | 0 |
| Raymond A. Ritchey Senior EVP | Sep 9, 2024 | Conversion | +21,835 | – | – | 21,835 |
| Hilary J. Spann Executive Vice President | Sep 7, 2024 | Tax withholding | −1,064 | $74.56 | $79.33K | 20,653 |
| Peter V. Otteni Executive Vice President | Aug 23, 2024 | Sale | −4,785 | $73.44 | $351.41K | 0 |
| Peter V. Otteni Executive Vice President | Aug 9, 2024 | Conversion | +4,785 | – | – | 4,785 |
| Tony West Director | May 30, 2024 | Award | +1,418 | – | – | 4,808 |
| Diane J. Hoskins Director | May 30, 2024 | Award | +2,835 | – | – | 13,163 |
| Timothy J. Naughton Director | May 30, 2024 | Award | +2,835 | – | – | 2,835 |
| Raymond A. Ritchey Senior EVP | Mar 6, 2024 | Sale | −10,091 | $62.66 | $632.30K | 4,059 |
| Raymond A. Ritchey Senior EVP | Mar 6, 2024 | Sale | −4,059 | $63.27 | $256.81K | 0 |
| Raymond A. Ritchey Senior EVP | Mar 6, 2024 | Conversion | +14,150 | – | – | 14,150 |
| Raymond A. Ritchey Senior EVP | Mar 4, 2024 | Conversion | +14,150 | – | – | 14,150 |
| Eric G. Kevorkian SVP, CLO and Secretary | Feb 29, 2024 | Gift | −100 | – | – | 806 |
| Michael E. Labelle EVP and CFO | Feb 2, 2024 | Award | +9,813 | – | – | 23,894 |
| Hilary J. Spann Executive Vice President | Jan 15, 2024 | Tax withholding | −1,001 | $69.96 | $70.03K | 21,717 |
| Eric G. Kevorkian SVP, CLO and Secretary | Jan 15, 2024 | Tax withholding | −88 | $69.96 | $6.16K | 906 |
| Michael E. Labelle EVP and CFO | Jan 15, 2024 | Tax withholding | −327 | $69.96 | $22.88K | 14,081 |
| Eric G. Kevorkian SVP, CLO and Secretary | Sep 11, 2023 | Sale | −1,000 | $66.43 | $66.43K | 994 |
| Eric G. Kevorkian SVP, CLO and Secretary | Sep 11, 2023 | Conversion | +1,000 | – | – | 1,994 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Michael E. Labelle Officer | Jun 9, 2026 | 26,113 | $1.69M | Jun 9, 2026 | Redemption of common units in Boston Properties Limited Partnership |
| Eric G. Kevorkian Officer | May 21, 2026 | 2,000 | $119.80K | May 21, 2026 | Redemption of common units in Boston Properties Limited Partnership (see Remarks) |
| Peter V. Otteni Officer | May 20, 2026 | 4,863 | $284.34K | May 20, 2026 | Restricted Stock Award |
| Jo Spann Hilary Officer | Feb 27, 2026 | 5,495 | $336.13K | Feb 27, 2026 | Transfer |
| Owen D. Thomas Officer, Director | Feb 13, 2026 | 1,198 | $70.77K | Feb 13, 2026 | Inheritance |
| Hilary J. Spann Officer | Feb 5, 2026 | 1,194 | $76.09K | Feb 5, 2026 | Grant of restricted stock from Issuer |
| Raymond A. Ritchey Officer | Dec 1, 2025 | 36,314 | $2.62M | Dec 1, 2025 | Redemption of Units in Boston Properties Limited Partnership |
| Peter V. Otteni Officer | Nov 25, 2025 | 4,136 | $300.36K | Nov 25, 2025 | Restricted Stock Award |
| John J. Stroman Officer | Nov 12, 2025 | 16,838 | $1.22M | Nov 12, 2025 | Vested RSAs |
| Michael E. Labelle Officer | Nov 7, 2025 | 13,422 | $965.31K | Nov 7, 2025 | Stock Award |
| Garesche Donna Officer | Mar 5, 2025 | 2,143 | $145.45K | Mar 5, 2025 | Restricted stock vesting under a registered plan |
| Jo Spann Hilary Officer | Feb 4, 2025 | 12,379 | $886.21K | Feb 4, 2025 | Transfer |
| Raymond A. Ritchey Affiliate | Sep 9, 2024 | 21,835 | $1.61M | Sep 9, 2024 | redemption of units in Boston Properties LP |
| Peter V. Otteni Officer | Aug 23, 2024 | 4,785 | $350.12K | Aug 23, 2024 | Redemption of common units in Boston Properties Limited Partnership (see Remarks) |
| Raymond A. Ritchey Officer | Mar 7, 2024 | 14,150 | $893.15K | Mar 7, 2024 | Redemption of Units in Boston Properties Limited Partnership |