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D-Wave Quantum Inc.

QBTS
Exchange
Nasdaq
Industry
Services-Computer Processing & Data Preparation
SEC CIK
0001907982

In the last 90 days, D-Wave Quantum Inc. insiders filed 0 open-market purchases and 2 sales; 553 institutions reported holding it in 13F filings for Q2 2026, worth $4.73B in total; no superinvestor holds it.

13F holders, Q2 2025

Institutional positions in D-Wave Quantum Inc. as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
359
+93 vs. Q1 2025
Shares held
157.2M
+63.5M (+67.8%) vs. Q1 2025
Total value
$2.30B
+$1.59B (+223.4%) vs. Q1 2025
New holders
125
143 more added
Sold out
32
60 more reduced

4 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting QBTS on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 359 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 0 institutionsQ1 2022: 0 institutionsQ2 2022: 1 institutionQ3 2022: 21 institutionsQ4 2022: 24 institutionsQ1 2023: 29 institutionsQ2 2023: 39 institutionsQ3 2023: 49 institutionsQ4 2023: 51 institutionsQ1 2024: 60 institutionsQ2 2024: 80 institutionsQ3 2024: 88 institutionsQ4 2024: 199 institutionsQ1 2025: 270 institutionsQ2 2025: 359 institutionsQ3 2025: 459 institutionsQ4 2025: 511 institutionsQ1 2026: 493 institutionsQ2 2026: 553 institutions
Value heldQ2 2025: $2.30B
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $0Q1 2022: $0Q2 2022: $41.8KQ3 2022: $555.9MQ4 2022: $103.7MQ1 2023: $47.0MQ2 2023: $150.2MQ3 2023: $71.6MQ4 2023: $64.9MQ1 2024: $136.7MQ2 2024: $92.9MQ3 2024: $83.7MQ4 2024: $770.3MQ1 2025: $712.1MQ2 2025: $2.30BQ3 2025: $4.52BQ4 2025: $4.43BQ1 2026: $2.54BQ2 2026: $4.73B
Institutions holding QBTS and their total value by quarter
QuarterHoldersValue
Q2 2026553$4.73B
Q1 2026493$2.54B
Q4 2025511$4.43B
Q3 2025459$4.52B
Q2 2025359$2.30B
Q1 2025270$712.1M
Q4 2024199$770.3M
Q3 202488$83.7M
Q2 202480$92.9M
Q1 202460$136.7M
Q4 202351$64.9M
Q3 202349$71.6M
Q2 202339$150.2M
Q1 202329$47.0M
Q4 202224$103.7M
Q3 202221$555.9M
Q2 20221$41.8K
Q1 20220$0
Q4 20210$0
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding D-Wave Quantum Inc.; share changes are against Q1 2025.

Institutions holding QBTS in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Vanguard Group Inc27,236,614$398.7M0.01%+15,951,571+141.4%Added
BlackRock, Inc.23,225,979$340.0M0.01%+9,148,548+65.0%Added
Bank of America Corp14,731,501$215.7M0.02%+9,997,897+211.2%Added
D. E. Shaw & Co., Inc.12,701,211$185.9M0.19%−10,816−0.1%Reduced
State Street Corp6,648,395$97.3M0.00%+1,941,762+41.3%Added
Geode Capital Management, LLC6,411,558$93.9M0.01%+1,883,109+41.6%Added
Marex Group plc5,469,291$80.1M1.52%+5,379,911+6,019.1%Added
Morgan Stanley4,386,368$64.2M0.00%+2,650,737+152.7%Added
Renaissance Technologies LLC3,791,342$55.5M0.07%+3,791,342New
Arrowstreet Capital, Limited Partnership3,099,209$45.4M0.03%+3,099,209New
UNICOM Systems, Inc.2,783,508$40.8M5.64%−1,844,196−39.9%Reduced
Northern Trust Corp2,384,308$34.9M0.00%+786,327+49.2%Added
Susquehanna International Group, LLP2,135,221$31.3M0.05%+1,908,714+842.7%Added
UBS Group AG1,884,276$27.6M0.01%−4,007,824−68.0%Reduced
Man Group plc1,812,497$26.5M0.06%+1,812,497New
JPMorgan Chase & Co1,536,099$22.5M0.00%+1,402,156+1,046.8%Added
Nuveen, LLC1,449,215$21.2M0.01%+848,895+141.4%Added
Royal Bank of Canada1,423,576$20.8M0.00%+1,261,488+778.3%Added
Jane Street Group, LLC1,210,656$17.7M0.03%+1,210,656New
Driehaus Capital Management LLC1,209,747$17.7M0.14%+1,209,747New
Penserra Capital Management LLC1,169,947$17.1M0.24%−3,898,252−76.9%Reduced
Goldman Sachs Group Inc1,030,160$15.1M0.00%−299,333−22.5%Reduced
UBS Asset Management Americas Inc1,016,979$14.9M0.00%+620,576+156.6%Added
SG Americas Securities, LLC980,138$14.3M0.06%+980,138New
Group One Trading, L.P.962,856$14.1M0.46%+841,148+691.1%Added
Bank of New York Mellon Corp913,355$13.4M0.00%+399,521+77.8%Added
Charles Schwab Investment Management Inc857,974$12.6M0.00%+313,018+57.4%Added
Price T Rowe Associates Inc835,454$12.2M0.00%+683,251+448.9%Added
Tudor Investment Corp Et Al827,416$12.1M0.09%+827,416New
Raymond James Financial Inc637,426$9.33M0.00%+201,762+46.3%Added
Barclays PLC576,785$8.44M0.00%+322,856+127.1%Added
Sculptor Capital LP558,600$8.18M0.13%+358,600+179.3%Added
Emerald Advisers, LLC558,063$8.17M0.30%+558,063New
Swiss National Bank549,900$8.05M0.00%+85,100+18.3%Added
Trexquant Investment LP541,598$7.93M0.09%−519,517−49.0%Reduced
Clear Street LLC504,473$7.39M0.04%+453,036+880.8%Added
LPL Financial LLC474,066$6.94M0.00%+164,779+53.3%Added
Rockefeller Capital Management L.P.446,544$6.54M0.01%+65,230+17.1%Added
Hudson Bay Capital Management LP431,433$6.32M0.04%+431,433New
Ameriprise Financial Inc430,120$6.30M0.00%+415,915+2,927.9%Added
Rhumbline Advisers418,483$6.13M0.01%+175,968+72.6%Added
Foundations Investment Advisors, LLC409,225$5.99M0.09%+38,833+10.5%Added
Voloridge Investment Management, LLC388,588$5.69M0.02%−591,587−60.4%Reduced
Millennium Management LLC380,477$5.57M0.00%+344,168+947.9%Added
McGuire Investment Group, LLC366,810$5.37M0.69%+339,117+1,224.6%Added
Headlands Technologies LLC360,817$5.28M0.63%−544,867−60.2%Reduced
Emerald Mutual Fund Advisers Trust350,340$5.13M0.31%+350,340New
Two Sigma Investments, LP347,282$5.08M0.01%−2,594,150−88.2%Reduced
Wells Fargo & Company333,787$4.89M0.00%+134,252+67.3%Added
Legal & General Group Plc319,661$4.68M0.00%+95,913+42.9%Added
Virtu Financial LLC319,291$4.67M0.24%+319,291New
Alliancebernstein L.P.313,012$4.58M0.00%+126,576+67.9%Added
HRT Financial LP278,644$4.08M0.02%+278,644New
California State Teachers Retirement System274,830$4.02M0.00%+55,899+25.5%Added
Commonwealth Equity Services, LLC257,567$3.77M0.00%+11,035+4.5%Added
Davidson Kempner Capital Management LP250,000$3.66M0.06%+250,000New
Advisor Group Holdings, Inc.247,004$3.62M0.01%+137,549+125.7%Added
SLT Holdings LLC233,000$3.41M2.54%+55,150+31.0%Added
Marshall Wace, LLP230,381$3.37M0.00%+230,381New
Inspire Advisors, LLC213,326$3.12M0.32%+213,326New
Lord, Abbett & Co. LLC208,503$3.05M0.01%+208,503New
SBI Securities Co., Ltd.207,188$3.03M0.09%+24,524+13.4%Added
Deutsche Bank AG201,840$2.95M0.00%+51,331+34.1%Added
Intech Investment Management LLC195,885$2.87M0.03%+144,676+282.5%Added
State of Wisconsin Investment Board192,448$2.82M0.01%+2,369+1.2%Added
Walleye Capital LLC187,191$2.74M0.03%+87,337+87.5%Added
MetLife Investment Management172,245$2.52M0.01%+64,946+60.5%Added
BI Asset Management Fondsmaeglerselskab A/S172,013$2.52M0.02%+172,013New
AQR Capital Management LLC171,239$2.51M0.00%−29,526−14.7%Reduced
EAM Investors, LLC171,200$2.51M0.38%+171,200New
Gotham Asset Management, LLC165,717$2.43M0.01%+132,969+406.0%Added
Arkadios Wealth Advisors164,107$2.40M0.07%+53,286+48.1%Added
Invesco Ltd.158,582$2.32M0.00%+63,461+66.7%Added
Mirae Asset Global ETFs Holdings Ltd.157,974$2.31M0.00%+49,402+45.5%Added
Main Management ETF Advisors, LLC154,642$2.26M0.09%+2,520+1.7%Added
Cambridge Investment Research Advisors, Inc.153,389$2.25M0.01%+42,064+37.8%Added
HighTower Advisors, LLC150,625$2.21M0.00%+83,906+125.8%Added
Leonteq Securities AG148,608$2.18M0.13%−194,472−56.7%Reduced
Bouvel Investment Partners, LLC146,492$2.14M0.73%+146,492New
Mariner, LLC146,006$2.14M0.00%+113,995+356.1%Added
BCJ Capital Management, LLC143,989$2.11M0.14%+143,989New
Flynn Zito Capital Management, LLC140,000$2.05M0.86%00.0%Unchanged
Thoroughbred Financial Services, LLC129,900$1.90M0.13%−1,450−1.1%Reduced
XTX Topco Ltd128,611$1.88M0.08%+62,812+95.5%Added
Zurcher Kantonalbank (Zurich Cantonalbank)122,921$1.80M0.00%+22,972+23.0%Added
Janus Henderson Group PLC122,700$1.80M0.00%+16,700+15.8%Added
Citigroup Inc121,827$1.78M0.00%−18,600−13.2%Reduced
Yarbrough Capital, LLC121,060$1.77M0.06%00.0%Unchanged
Algert Global LLC120,430$1.76M0.04%+11,430+10.5%Added
FMR LLC119,071$1.74M0.00%+107,007+887.0%Added
Verition Fund Management LLC118,439$1.73M0.01%−84,946−41.8%Reduced
Wolverine Trading, LLC122,338$1.72M0.04%−23,729−16.2%Reduced
Amundi106,044$1.69M0.00%+106,044New
Cetera Investment Advisers112,500$1.65M0.00%−15,340−12.0%Reduced
Van Eck Associates Corp110,701$1.62M0.00%+110,701New
Universal- Beteiligungs- und Servicegesellschaft mbH107,105$1.57M0.00%+107,105New
Manufacturers Life Insurance Company, The106,067$1.55M0.00%+29,981+39.4%Added
Vontobel Holding Ltd.105,350$1.54M0.01%−5,500−5.0%Reduced
Kovack Advisors, Inc.104,390$1.53M0.15%+104,390New
IMC-Chicago, LLC103,371$1.51M0.04%+103,371New