BXP, Inc. Schedule 13G filing reports First Eagle Investment Management, LLC as beneficial owner of 9,511,749 shares of common stock, representing 6.00% of the class. The filer reports sole voting power over 8,645,967 shares and sole dispositive power over 9,511,749 shares. The filing explains these holdings are held on behalf of advisory clients and related accounts.
Positive
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Negative
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Insights
First Eagle reports a 6.00% passive stake with sole dispositive control.
First Eagle Investment Management discloses beneficial ownership of 9,511,749 shares or 6.00% of common stock and sole dispositive power for that same amount. The filing identifies holdings as advisory-client positions rather than an issuer-directed stake.
Timing and cashflow treatment are not detailed in the excerpt; subsequent filings could show transactions if clients are directed to trade.
Key Figures
Beneficial ownership:9,511,749 sharesPercent of class:6.00%Sole voting power:8,645,967 shares+1 more
4 metrics
Beneficial ownership9,511,749 sharesreported in Schedule 13G
Percent of class6.00%percent of common stock reported
Sole voting power8,645,967 sharesshares with sole power to vote
Sole dispositive power9,511,749 sharesshares with sole power to dispose
Key Terms
beneficially owned, sole dispositive power, CUSIP
3 terms
beneficially ownedregulatory
"First Eagle is deemed to be the beneficial owner of 9,511,748.71shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 9,511,749"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
CUSIPfinancial
"CUSIP Number(s): 101121101"
A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BXP, Inc.
(Name of Issuer)
Common
(Title of Class of Securities)
101121101
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
101121101
1
Names of Reporting Persons
First Eagle Investment Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
8,645,967.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
9,511,749.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,511,749.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.0 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
BXP, Inc.
(b)
Address of issuer's principal executive offices:
800 BOYLSTON STREET, SUITE 1900, BOSTON, MASSACHUSETTS, 02199
Item 2.
(a)
Name of person filing:
First Eagle Investment Management, LLC
(b)
Address or principal business office or, if none, residence:
1345 Avenue of the Americas
New York, NY 10105
(c)
Citizenship:
Delaware
(d)
Title of class of securities:
Common
(e)
CUSIP Number(s):
101121101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
9,511,749
(b)
Percent of class:
6.00 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
8,645,967
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
9,511,749
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Securities reported on this Schedule 13G as being beneficially owned by First Eagle Investment Management, LLC are held by or at the direction of First Eagle Investment Management, LLC and/or one or more of its investment adviser subsidiaries, which may include First Eagle Separate Account Management, LLC, principally on behalf of investment advisory clients, which may include investment companies registered under the Investment Company Act, employee benefit plans, pension funds, other institutional clients, or separate accounts, but sometimes for its own account.
First Eagle Investment Management, LLC (FEIM), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, is deemed to be the beneficial owner of 9,511,748.71shares, or 6.00% of the common stock believed to be outstanding as a result of acting as investment adviser to various clients. Clients of FEIM have the right to receive and the ultimate power to direct the receipt of dividends from, or the proceeds of the sale of, such securities.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
First Eagle reports beneficial ownership of 9,511,749 shares, equal to 6.00% of outstanding common stock. The filing lists sole voting power for 8,645,967 shares and sole dispositive power for 9,511,749 shares.
Does First Eagle control voting or disposition for BXP shares?
The filing states First Eagle has sole voting power over 8,645,967 shares and sole dispositive power over 9,511,749 shares. Shared voting and dispositive powers are reported as 0 in the excerpt.
Are the shares held on behalf of clients or the firm for BXP?
The filing explains the shares are held by or at the direction of First Eagle and its adviser subsidiaries principally on behalf of investment advisory clients, which may include funds, pension plans, and separate accounts, rather than solely for the firm’s proprietary account.
When was the Schedule 13G signed for BXP and by whom?
The Schedule 13G excerpt is signed by David O'Connor, General Counsel with an execution date of 05/13/2026. The reported beneficial ownership figure in the filing text is tied to the filing content presented.
