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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
Focus Financial Network, Inc.32,395$474.3K0.02%+3,855+13.5%Added
Florida Financial Advisors, LLC32,982$482.9K0.16%+32,982New
Envestnet Asset Management Inc33,008$483.2K0.00%−2,151−6.1%Reduced
Baader Bank INC43,759$485.3K0.04%+4,677+12.0%Added
CI Private Wealth, LLC33,328$487.9K0.00%+2,053+6.6%Added
Galaxy Group Investments LLC35,000$512.4K0.08%+35,000New
Victory Capital Management Inc35,222$515.6K0.00%+4,125+13.3%Added
CIBC World Markets Corp35,512$519.9K0.00%−5,017−12.4%Reduced
Comerica Bank35,800$524.1K0.00%+35,800New
HSBC Holdings PLC36,614$527.5K0.00%+15,480+73.2%Added
Pictet Asset Management Holding SA36,235$530.5K0.00%00.0%Unchanged
Wealth Enhancement Advisory Services, LLC31,715$532.5K0.00%+16,481+108.2%Added
Entropy Technologies, LP36,602$535.9K0.04%+15,902+76.8%Added
Creative Planning38,072$557.4K0.00%+19,806+108.4%Added
State Board of Administration of Florida Retirement System38,110$557.9K0.00%00.0%Unchanged
Savvy Advisors, Inc.38,543$564.3K0.04%−422−1.1%Reduced
Laidlaw Wealth Management LLC38,697$566.5K1.63%−4,000−9.4%Reduced
GWM Advisors LLC42,373$620.3K0.00%−1,413−3.2%Reduced
BayBridge Capital Group, LLC43,244$633.1K0.41%+122+0.3%Added
STRS Ohio43,600$638.3K0.00%+25,300+138.3%Added
Teacher Retirement System of Texas43,708$639.9K0.00%+8,636+24.6%Added
Harvest Investment Services, LLC43,887$642.5K0.14%+43,887New
Triton Wealth Management, PLLC32,740$646.9K0.28%+32,740New
Advisory Services Network, LLC37,839$650.4K0.01%+37,839New
Flagship Harbor Advisors, LLC46,740$684.3K0.03%−25,808−35.6%Reduced
Colony Group, LLC49,074$718.4K0.00%+6,127+14.3%Added
Kestra Advisory Services, LLC49,900$730.5K0.00%+15,278+44.1%Added
BNP Paribas Arbitrage, SA51,588$755.2K0.00%+41,051+389.6%Added
Avantax Advisory Services, Inc.53,853$788.4K0.00%+39,291+269.8%Added
Brinker Capital Investments, LLC55,900$818.4K0.01%+55,900New
Y-Intercept (Hong Kong) Ltd57,283$838.6K0.02%+57,283New
KLP Kapitalforvaltning AS57,800$846.2K0.00%+11,400+24.6%Added
ProShare Advisors LLC60,100$879.9K0.00%+20,466+51.6%Added
Prudential Financial Inc61,075$894.1K0.00%+48,510+386.1%Added
Jones Financial Companies LLLP64,910$910.0K0.00%+3,589+5.9%Added
Marietta Investment Partners LLC62,410$913.7K0.20%−6,140−9.0%Reduced
Aquatic Capital Management LLC63,536$930.2K0.02%+63,536New
Private Advisor Group, LLC65,422$957.8K0.01%+65,422New
Police & Firemen's Retirement System of New Jersey65,455$958.3K0.01%+26,135+66.5%Added
Total Clarity Wealth Management, Inc.65,701$961.9K0.28%+65,701New
Los Angeles Capital Management LLC66,692$976.4K0.00%+66,692New
National Bank of Canada69,043$1.01M0.00%−174,975−71.7%Reduced
Federation des caisses Desjardins du Quebec70,737$1.04M0.00%+9,189+14.9%Added
SEI Investments Co71,381$1.05M0.00%+58,223+442.5%Added
Ensign Peak Advisors, Inc73,850$1.08M0.00%+30,500+70.4%Added
Tower Research Capital LLC (TRC)77,164$1.13M0.03%+71,512+1,265.3%Added
Stifel Financial Corp77,878$1.14M0.00%+7,636+10.9%Added
Simplex Trading, LLC78,745$1.15M0.03%+78,745New
Voya Investment Management LLC79,053$1.16M0.00%+30,129+61.6%Added
Citizens Financial Group Inc79,327$1.16M0.02%+1,081+1.4%Added
Oppenheimer & Co Inc80,435$1.18M0.02%−2,336−2.8%Reduced
Cornerstone Advisory, LLC80,474$1.18M0.13%+80,474New
Arizona State Retirement System83,997$1.23M0.01%+15,263+22.2%Added
Citadel Advisors LLC84,102$1.23M0.00%+84,102New
Brown Miller Wealth Management, LLC86,267$1.26M0.39%−28,200−24.6%Reduced
Wolverine Asset Management LLC88,365$1.29M0.02%+21,332+31.8%Added
New York State Common Retirement Fund93,129$1.36M0.00%+36,529+64.5%Added
State of New Jersey Common Pension Fund D98,920$1.45M0.01%+98,920New
Franklin Resources Inc102,912$1.51M0.00%+102,912New
IMC-Chicago, LLC103,371$1.51M0.04%+103,371New
Kovack Advisors, Inc.104,390$1.53M0.15%+104,390New
Vontobel Holding Ltd.105,350$1.54M0.01%−5,500−5.0%Reduced
Manufacturers Life Insurance Company, The106,067$1.55M0.00%+29,981+39.4%Added
Universal- Beteiligungs- und Servicegesellschaft mbH107,105$1.57M0.00%+107,105New
Van Eck Associates Corp110,701$1.62M0.00%+110,701New
Cetera Investment Advisers112,500$1.65M0.00%−15,340−12.0%Reduced
Amundi106,044$1.69M0.00%+106,044New
Wolverine Trading, LLC122,338$1.72M0.04%−23,729−16.2%Reduced
Verition Fund Management LLC118,439$1.73M0.01%−84,946−41.8%Reduced
FMR LLC119,071$1.74M0.00%+107,007+887.0%Added
Algert Global LLC120,430$1.76M0.04%+11,430+10.5%Added
Yarbrough Capital, LLC121,060$1.77M0.06%00.0%Unchanged
Citigroup Inc121,827$1.78M0.00%−18,600−13.2%Reduced
Janus Henderson Group PLC122,700$1.80M0.00%+16,700+15.8%Added
Zurcher Kantonalbank (Zurich Cantonalbank)122,921$1.80M0.00%+22,972+23.0%Added
XTX Topco Ltd128,611$1.88M0.08%+62,812+95.5%Added
Thoroughbred Financial Services, LLC129,900$1.90M0.13%−1,450−1.1%Reduced
Flynn Zito Capital Management, LLC140,000$2.05M0.86%00.0%Unchanged
BCJ Capital Management, LLC143,989$2.11M0.14%+143,989New
Mariner, LLC146,006$2.14M0.00%+113,995+356.1%Added
Bouvel Investment Partners, LLC146,492$2.14M0.73%+146,492New
Leonteq Securities AG148,608$2.18M0.13%−194,472−56.7%Reduced
HighTower Advisors, LLC150,625$2.21M0.00%+83,906+125.8%Added
Cambridge Investment Research Advisors, Inc.153,389$2.25M0.01%+42,064+37.8%Added
Main Management ETF Advisors, LLC154,642$2.26M0.09%+2,520+1.7%Added
Mirae Asset Global ETFs Holdings Ltd.157,974$2.31M0.00%+49,402+45.5%Added
Invesco Ltd.158,582$2.32M0.00%+63,461+66.7%Added
Arkadios Wealth Advisors164,107$2.40M0.07%+53,286+48.1%Added
Gotham Asset Management, LLC165,717$2.43M0.01%+132,969+406.0%Added
EAM Investors, LLC171,200$2.51M0.38%+171,200New
AQR Capital Management LLC171,239$2.51M0.00%−29,526−14.7%Reduced
BI Asset Management Fondsmaeglerselskab A/S172,013$2.52M0.02%+172,013New
MetLife Investment Management172,245$2.52M0.01%+64,946+60.5%Added
Walleye Capital LLC187,191$2.74M0.03%+87,337+87.5%Added
State of Wisconsin Investment Board192,448$2.82M0.01%+2,369+1.2%Added
Intech Investment Management LLC195,885$2.87M0.03%+144,676+282.5%Added
Deutsche Bank AG201,840$2.95M0.00%+51,331+34.1%Added
SBI Securities Co., Ltd.207,188$3.03M0.09%+24,524+13.4%Added
Lord, Abbett & Co. LLC208,503$3.05M0.01%+208,503New
Inspire Advisors, LLC213,326$3.12M0.32%+213,326New