BXP: which funds own it
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Sections with a free account
7 concentrated managers hold it with a median weight of 0.4%.
Who owns BXP?
Holders that filed a Schedule 13D or 13G with the SEC for owning more than 5% of the shares: Cohen & Steers (13G/A filed Aug 14, 2026), BlackRock (13G/A filed Oct 17, 2025), Vanguard Portfolio Management (13G filed Apr 29, 2026), Vanguard Capital Management (13G filed Apr 29, 2026) and State Street (13G filed May 12, 2026). As of Jun 30, 2026, the largest holders reported on Form 13F were Cohen & Steers (22.8 million shares), BlackRock (18.0 million shares) and Vanguard Portfolio Management (13.0 million shares).
Which institutions hold the most BXP shares?
Per Form 13F filings as of Jun 30, 2026:
- 1. Cohen & Steers: 22.8 million shares
- 2. BlackRock: 18.0 million shares
- 3. Vanguard Portfolio Management: 13.0 million shares
- 4. Vanguard Capital Management: 10.1 million shares
- 5. State Street: 9.8 million shares
- 6. First Eagle Investment Management: 9.5 million shares
- 7. APG Asset Management US: 7.2 million shares
- 8. Norges Bank: 6.5 million shares
- 9. Invesco: 5.8 million shares
- 10. Geode Capital Management: 4.4 million shares
Sources:13G/A by Cohen & Steers (Aug 14, 2026) ↗13G/A by BlackRock (Oct 17, 2025) ↗13G by Vanguard Portfolio Management (Apr 29, 2026) ↗13G by Vanguard Capital Management (Apr 29, 2026) ↗13G by State Street (May 12, 2026) ↗All of the company's proxy statements on EDGAR ↗
We hold 13D and 13G filings made since Dec 23, 2024: a holder above 5% that has not filed since then does not appear here.
BXP revenue
BXP reported annual revenue of $3.48 billion for fiscal year 2025 (year ended December 31, 2025), according to its Form 10-K filed with the SEC (XBRL data).
Quarter flow (concentrated managers)
Change in managers (7 → 7): 1 opened · 1 exited = 0
Net flow in the quarter: +$14.2M (+214 K shares) · bought $33.5M and sold $19.3MShares concentrated managers added minus those they cut, valued at the 13F quarter-end implied price, not each trade's price. It is a different measure from the change in managers: the two can have opposite signs.
Concentrated managers holding it
- Lasalle Investment Management SecuritiesReduced$30.7M1.1%−0.1 pp
- Heitman Real Estate SecuritiesIncreased$29.9M1.9%+1.9 pp
- Adelante Capital ManagementIncreased$5.6M0.4%+0.0 pp
- Vert Asset ManagementIncreased$5.1M1.4%+0.1 pp
- Centersquare Investment ManagementIncreased$3.3M0.0%+0.0 pp
- Sarasin & Partners LLPNew$806K0.0%+0.0 pp
- Morguard Lincluden Global InvestmentsReduced$784K0.1%−0.0 pp
Up to 15, sorted by position value. The percentage is the weight in each manager's portfolio.
Other relevant holders
Filers with $100M or more in the stock that do not count as concentrated managers because of their type: they are left out of the counts, the consensus and the accumulation.
- APG Asset Management USPension or sovereign fund$490M3.4%
- Norges BankPension or sovereign fund$430M0.0%
Largest holders of BXP (all 13F filers)
- Cohen & Steers22.8 MInvestment firm · 14.27% of the company+1.9 M
- BlackRock18.0 MIndex manager · 11.26% of the company+1.5 M
- Vanguard Portfolio Management13.0 MIndex manager · 8.12% of the company+139 K
- Vanguard Capital Management10.1 MIndex manager · 6.30% of the company+82 K
- State Street9.8 MIndex manager · 6.17% of the company−45 K
- First Eagle Investment Management9.5 MInvestment firm · 5.93% of the company+123 K
- APG Asset Management US7.2 MPension or sovereign fund · 4.53% of the company+18 K
- Norges Bank6.5 MPension or sovereign fund · 4.06% of the companyno data
- Invesco5.8 MInvestment firm · 3.63% of the company−460 K
- Geode Capital Management4.4 MIndex manager · 2.75% of the company+83 K
- Shares
- 22.8 M
- Change
- +1.9 M
- % of the company
- 14.27%
See more
- Type
- Investment firm
- Value
- $1.5 bn
- Shares
- 18.0 M
- Change
- +1.5 M
- % of the company
- 11.26%
See more
- Type
- Index manager
- Value
- $1.2 bn
- Shares
- 13.0 M
- Change
- +139 K
- % of the company
- 8.12%
See more
- Type
- Index manager
- Value
- $860M
- Shares
- 10.1 M
- Change
- +82 K
- % of the company
- 6.30%
See more
- Type
- Index manager
- Value
- $667M
- Shares
- 9.8 M
- Change
- −45 K
- % of the company
- 6.17%
See more
- Type
- Index manager
- Value
- $660M
- Shares
- 9.5 M
- Change
- +123 K
- % of the company
- 5.93%
See more
- Type
- Investment firm
- Value
- $628M
- Shares
- 7.2 M
- Change
- +18 K
- % of the company
- 4.53%
See more
- Type
- Pension or sovereign fund
- Value
- $490M
- Shares
- 6.5 M
- Change
- no data
- % of the company
- 4.06%
See more
- Type
- Pension or sovereign fund
- Value
- $430M
- Shares
- 5.8 M
- Change
- −460 K
- % of the company
- 3.63%
See more
- Type
- Investment firm
- Value
- $385M
- Shares
- 4.4 M
- Change
- +83 K
- % of the company
- 2.75%
See more
- Type
- Index manager
- Value
- $291M
The 10 13F filers with the most shares as of Jun 30, 2026, whatever their type (index firms usually come first). “Change”: shares added or cut versus the previous quarter, split-adjusted; “no data” = there is no comparable portfolio for the previous quarter (no filing, or a filing with its holdings under confidential treatment). “% of the company” only where shares outstanding are up to date. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. With a free account: the top 25, the largest buyers and the largest sellers.
Fundamentals
12-month figures to Jun 30, 2026 · balance sheet as of Jun 30, 2026.
- Operating margin
- —
- Net margin
- 8.4%
- ROE
- 5.8%
- Revenue (TTM)
- $3.5 bn
- Revenue growth
- 1.9%
- Net income (TTM)
- $297M
- Net debt / EBITDA
- —
- Free cash flow (TTM)
- —
- Quality vs sector
- —
This company's sector comes from its SIC code, unreviewed, or has too few comparable companies: we do not compare it with its sector.
Figures from the statements the company filed with the SEC (10-K, 10-Q). Free cash flow = operating cash flow − capital expenditures; empty if the company does not report capex. “Quality vs sector”: 0 to 100, the average of its percentiles in ROE, operating margin, free-cash-flow margin, revenue and earnings growth and net debt / EBITDA (at least 3 needed) against companies in its sector above $300M. How each figure is calculated
Shares outstanding: buybacks and dilution
2025: 158.9 M
- 1 year
- +0.7%
- 3 years
- +1.1%
- 5 years
- +2.2%
- Buybacks (FY 2025)
- no data
- Share issuance
- $-435K
- Stock-based compensation
- $44.3M1.3% of revenue
- Dividends paid
- $643M
From the statements the company filed with the SEC (10-K). The change compares average diluted shares of each fiscal year, on today's basis: negative = it bought back more than it issued; positive = dilution. “No data” = the company does not report that item under a tag we can read; it does not mean zero.
Earnings quality and debt
- Operating cash flow ÷ net income (12 months)
- 4.33
- Interest coverage (operating income ÷ interest)
- 1.4 timesfiscal 2025
- Debt due within 12 months
- $750M1.52 times cash and investments
From the figures the company filed with the SEC. Cash flow over net income near or above 1 means earnings are collected in cash; far below, that part is accounting. Coverage says how many times operating income pays the latest fiscal year's interest. Maturities come from the debt note of the latest annual report, counted from its closing date. “No data” never means zero.
Insiders (Form 4)
10% owners who bought (6 m): 0
Open-market purchases, excluding 10b5-1 plans. Officers and directors only; joint filers of the same purchase count as one. 10% owners with no role are shown separately. 0 = nobody bought; “no data” = we do not have its Form 4 filings.
Each of the company's Form 4 filings, on EDGAR ↗Latest trades, with date and filing →
Above 5% (13D/13G)
Disclosed stakes, with their amendments. A filing is not always a purchase: there are also reductions and changes of filing entity.
This list may be incomplete: we hold 13D and 13G filings made since Dec 23, 2024. A holder above 5% that has not filed anything since then is not shown here.
- Cohen & Steers14.33%13G · amendmentfiling ↗Event: Jun 30, 2026 · filed: Aug 14, 2026
- Norges Bank4.06%(fell below 5%)13G · amendmentfiling ↗Event: Jun 30, 2026 · filed: Aug 12, 2026
- Cohen & Steers13.19%13G · amendmentfiling ↗Event: Mar 31, 2026 · filed: May 15, 2026
Above 5% over time (13D/13G)
Each holder with its filings in order. History since December 2024.
Flagged material events (8-K)
Material impairment (Item 2.06)
Change in directors or officers (Item 5.02)
«BXP Extends Ceo’s Employment Agreement»
Alert items the company itself flagged in its 8-K filings with the SEC, most serious first. It is the form's label, with no interpretation from us: Item 5.02 covers routine appointments as well as a chief executive's departure; open the filing. The quoted headline is the original press release's.
All material events (8-K)
Earnings, agreements, financing, management changes and announcements from the last year, with a filter by type and a link to each filing.
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