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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
Marshall Wace, LLP230,381$3.37M0.00%+230,381New
SLT Holdings LLC233,000$3.41M2.54%+55,150+31.0%Added
Advisor Group Holdings, Inc.247,004$3.62M0.01%+137,549+125.7%Added
Davidson Kempner Capital Management LP250,000$3.66M0.06%+250,000New
Commonwealth Equity Services, LLC257,567$3.77M0.00%+11,035+4.5%Added
California State Teachers Retirement System274,830$4.02M0.00%+55,899+25.5%Added
HRT Financial LP278,644$4.08M0.02%+278,644New
Alliancebernstein L.P.313,012$4.58M0.00%+126,576+67.9%Added
Virtu Financial LLC319,291$4.67M0.24%+319,291New
Legal & General Group Plc319,661$4.68M0.00%+95,913+42.9%Added
Wells Fargo & Company333,787$4.89M0.00%+134,252+67.3%Added
Two Sigma Investments, LP347,282$5.08M0.01%−2,594,150−88.2%Reduced
Emerald Mutual Fund Advisers Trust350,340$5.13M0.31%+350,340New
Headlands Technologies LLC360,817$5.28M0.63%−544,867−60.2%Reduced
McGuire Investment Group, LLC366,810$5.37M0.69%+339,117+1,224.6%Added
Millennium Management LLC380,477$5.57M0.00%+344,168+947.9%Added
Voloridge Investment Management, LLC388,588$5.69M0.02%−591,587−60.4%Reduced
Foundations Investment Advisors, LLC409,225$5.99M0.09%+38,833+10.5%Added
Rhumbline Advisers418,483$6.13M0.01%+175,968+72.6%Added
Ameriprise Financial Inc430,120$6.30M0.00%+415,915+2,927.9%Added
Hudson Bay Capital Management LP431,433$6.32M0.04%+431,433New
Rockefeller Capital Management L.P.446,544$6.54M0.01%+65,230+17.1%Added
LPL Financial LLC474,066$6.94M0.00%+164,779+53.3%Added
Clear Street LLC504,473$7.39M0.04%+453,036+880.8%Added
Trexquant Investment LP541,598$7.93M0.09%−519,517−49.0%Reduced
Swiss National Bank549,900$8.05M0.00%+85,100+18.3%Added
Emerald Advisers, LLC558,063$8.17M0.30%+558,063New
Sculptor Capital LP558,600$8.18M0.13%+358,600+179.3%Added
Barclays PLC576,785$8.44M0.00%+322,856+127.1%Added
Raymond James Financial Inc637,426$9.33M0.00%+201,762+46.3%Added
Tudor Investment Corp Et Al827,416$12.1M0.09%+827,416New
Price T Rowe Associates Inc835,454$12.2M0.00%+683,251+448.9%Added
Charles Schwab Investment Management Inc857,974$12.6M0.00%+313,018+57.4%Added
Bank of New York Mellon Corp913,355$13.4M0.00%+399,521+77.8%Added
Group One Trading, L.P.962,856$14.1M0.46%+841,148+691.1%Added
SG Americas Securities, LLC980,138$14.3M0.06%+980,138New
UBS Asset Management Americas Inc1,016,979$14.9M0.00%+620,576+156.6%Added
Goldman Sachs Group Inc1,030,160$15.1M0.00%−299,333−22.5%Reduced
Penserra Capital Management LLC1,169,947$17.1M0.24%−3,898,252−76.9%Reduced
Driehaus Capital Management LLC1,209,747$17.7M0.14%+1,209,747New
Jane Street Group, LLC1,210,656$17.7M0.03%+1,210,656New
Royal Bank of Canada1,423,576$20.8M0.00%+1,261,488+778.3%Added
Nuveen, LLC1,449,215$21.2M0.01%+848,895+141.4%Added
JPMorgan Chase & Co1,536,099$22.5M0.00%+1,402,156+1,046.8%Added
Man Group plc1,812,497$26.5M0.06%+1,812,497New
UBS Group AG1,884,276$27.6M0.01%−4,007,824−68.0%Reduced
Susquehanna International Group, LLP2,135,221$31.3M0.05%+1,908,714+842.7%Added
Northern Trust Corp2,384,308$34.9M0.00%+786,327+49.2%Added
UNICOM Systems, Inc.2,783,508$40.8M5.64%−1,844,196−39.9%Reduced
Arrowstreet Capital, Limited Partnership3,099,209$45.4M0.03%+3,099,209New
Renaissance Technologies LLC3,791,342$55.5M0.07%+3,791,342New
Morgan Stanley4,386,368$64.2M0.00%+2,650,737+152.7%Added
Marex Group plc5,469,291$80.1M1.52%+5,379,911+6,019.1%Added
Geode Capital Management, LLC6,411,558$93.9M0.01%+1,883,109+41.6%Added
State Street Corp6,648,395$97.3M0.00%+1,941,762+41.3%Added
D. E. Shaw & Co., Inc.12,701,211$185.9M0.19%−10,816−0.1%Reduced
Bank of America Corp14,731,501$215.7M0.02%+9,997,897+211.2%Added
BlackRock, Inc.23,225,979$340.0M0.01%+9,148,548+65.0%Added
Vanguard Group Inc27,236,614$398.7M0.01%+15,951,571+141.4%Added
Quadrature Capital Ltd0$00.00%−516,231−100.0%Sold out
FORA Capital, LLC0$00.00%−247,707−100.0%Sold out
Corebridge Financial, Inc.0$00.00%−89,482−100.0%Sold out
Patriot Financial Group Insurance Agency, LLC0$00.00%−88,363−100.0%Sold out
Mach-1 Financial Group, Inc.0$00.00%−38,958−100.0%Sold out
Mirae Asset Securities (USA) Inc.0$00.00%−36,927−100.0%Sold out
First Trust Advisors LP0$00.00%−28,927−100.0%Sold out
CIBC World Markets Inc.0$00.00%−26,558−100.0%Sold out
Bridgeway Capital Management, LLC0$00.00%−25,000−100.0%Sold out
K2 Principal Fund, L.P.0$00.00%−24,000−100.0%Sold out
Southland Equity Partners LLC0$00.00%−20,342−100.0%Sold out
Sonora Investment Management Group, LLC0$00.00%−17,234−100.0%Sold out
Atom Investors LP0$00.00%−16,082−100.0%Sold out
Prime Capital Investment Advisors, LLC0$00.00%−15,557−100.0%Sold out
WT Asset Management Ltd0$00.00%−15,000−100.0%Sold out
Traynor Capital Management, Inc.0$00.00%−14,550−100.0%Sold out
Advisor Resource Council0$00.00%−13,627−100.0%Sold out
Semus Wealth Partners LLC0$00.00%−13,000−100.0%Sold out
Aspire Capital Advisors LLC0$00.00%−12,850−100.0%Sold out
Sowell Financial Services LLC0$00.00%−12,599−100.0%Sold out
Jacobi Capital Management LLC0$00.00%−12,130−100.0%Sold out
Flaharty Asset Management, LLC0$00.00%−12,000−100.0%Sold out
Bank Hapoalim BM0$00.00%−10,000−100.0%Sold out
IPG Investment Advisors LLC0$00.00%−10,000−100.0%Sold out
Twin Tree Management, LP0$00.00%−7,834−100.0%Sold out
Vermillion Wealth Management, Inc.0$00.00%−2,300−100.0%Sold out
Peoples Bank0$00.00%−2,000−100.0%Sold out
Stonebridge Financial Group, LLC0$00.00%−466−100.0%Sold out
Assetmark, Inc0$00.00%−345−100.0%Sold out
Cherry Tree Wealth Management, LLC0$00.00%−113−100.0%Sold out
Stephens Consulting, LLC0$00.00%−45−100.0%Sold out
Beacon Capital Management, LLC0$00.00%−40−100.0%Sold out
Caas Capital Management LP––––Not filed
Sandy Spring Bank––––Not filed
Noble Wealth Management PBC––––Not filed
Lindbrook Capital, LLC––––Not filed