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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
Franklin Resources Inc102,912$1.51M0.00%+102,912New
State of New Jersey Common Pension Fund D98,920$1.45M0.01%+98,920New
New York State Common Retirement Fund93,129$1.36M0.00%+36,529+64.5%Added
Wolverine Asset Management LLC88,365$1.29M0.02%+21,332+31.8%Added
Brown Miller Wealth Management, LLC86,267$1.26M0.39%−28,200−24.6%Reduced
Citadel Advisors LLC84,102$1.23M0.00%+84,102New
Arizona State Retirement System83,997$1.23M0.01%+15,263+22.2%Added
Cornerstone Advisory, LLC80,474$1.18M0.13%+80,474New
Oppenheimer & Co Inc80,435$1.18M0.02%−2,336−2.8%Reduced
Citizens Financial Group Inc79,327$1.16M0.02%+1,081+1.4%Added
Voya Investment Management LLC79,053$1.16M0.00%+30,129+61.6%Added
Simplex Trading, LLC78,745$1.15M0.03%+78,745New
Stifel Financial Corp77,878$1.14M0.00%+7,636+10.9%Added
Tower Research Capital LLC (TRC)77,164$1.13M0.03%+71,512+1,265.3%Added
Ensign Peak Advisors, Inc73,850$1.08M0.00%+30,500+70.4%Added
SEI Investments Co71,381$1.05M0.00%+58,223+442.5%Added
Federation des caisses Desjardins du Quebec70,737$1.04M0.00%+9,189+14.9%Added
National Bank of Canada69,043$1.01M0.00%−174,975−71.7%Reduced
Los Angeles Capital Management LLC66,692$976.4K0.00%+66,692New
Total Clarity Wealth Management, Inc.65,701$961.9K0.28%+65,701New
Police & Firemen's Retirement System of New Jersey65,455$958.3K0.01%+26,135+66.5%Added
Private Advisor Group, LLC65,422$957.8K0.01%+65,422New
Aquatic Capital Management LLC63,536$930.2K0.02%+63,536New
Marietta Investment Partners LLC62,410$913.7K0.20%−6,140−9.0%Reduced
Jones Financial Companies LLLP64,910$910.0K0.00%+3,589+5.9%Added
Prudential Financial Inc61,075$894.1K0.00%+48,510+386.1%Added
ProShare Advisors LLC60,100$879.9K0.00%+20,466+51.6%Added
KLP Kapitalforvaltning AS57,800$846.2K0.00%+11,400+24.6%Added
Y-Intercept (Hong Kong) Ltd57,283$838.6K0.02%+57,283New
Brinker Capital Investments, LLC55,900$818.4K0.01%+55,900New
Avantax Advisory Services, Inc.53,853$788.4K0.00%+39,291+269.8%Added
BNP Paribas Arbitrage, SA51,588$755.2K0.00%+41,051+389.6%Added
Kestra Advisory Services, LLC49,900$730.5K0.00%+15,278+44.1%Added
Colony Group, LLC49,074$718.4K0.00%+6,127+14.3%Added
Flagship Harbor Advisors, LLC46,740$684.3K0.03%−25,808−35.6%Reduced
Advisory Services Network, LLC37,839$650.4K0.01%+37,839New
Triton Wealth Management, PLLC32,740$646.9K0.28%+32,740New
Harvest Investment Services, LLC43,887$642.5K0.14%+43,887New
Teacher Retirement System of Texas43,708$639.9K0.00%+8,636+24.6%Added
STRS Ohio43,600$638.3K0.00%+25,300+138.3%Added
BayBridge Capital Group, LLC43,244$633.1K0.41%+122+0.3%Added
GWM Advisors LLC42,373$620.3K0.00%−1,413−3.2%Reduced
Laidlaw Wealth Management LLC38,697$566.5K1.63%−4,000−9.4%Reduced
Savvy Advisors, Inc.38,543$564.3K0.04%−422−1.1%Reduced
State Board of Administration of Florida Retirement System38,110$557.9K0.00%00.0%Unchanged
Creative Planning38,072$557.4K0.00%+19,806+108.4%Added
Entropy Technologies, LP36,602$535.9K0.04%+15,902+76.8%Added
Wealth Enhancement Advisory Services, LLC31,715$532.5K0.00%+16,481+108.2%Added
Pictet Asset Management Holding SA36,235$530.5K0.00%00.0%Unchanged
HSBC Holdings PLC36,614$527.5K0.00%+15,480+73.2%Added
Comerica Bank35,800$524.1K0.00%+35,800New
CIBC World Markets Corp35,512$519.9K0.00%−5,017−12.4%Reduced
Victory Capital Management Inc35,222$515.6K0.00%+4,125+13.3%Added
Galaxy Group Investments LLC35,000$512.4K0.08%+35,000New
CI Private Wealth, LLC33,328$487.9K0.00%+2,053+6.6%Added
Baader Bank INC43,759$485.3K0.04%+4,677+12.0%Added
Envestnet Asset Management Inc33,008$483.2K0.00%−2,151−6.1%Reduced
Florida Financial Advisors, LLC32,982$482.9K0.16%+32,982New
Focus Financial Network, Inc.32,395$474.3K0.02%+3,855+13.5%Added
Kovitz Investment Group Partners, LLC31,927$467.4K0.00%+31,927New
Strategic Advocates LLC31,665$463.6K0.14%+3,840+13.8%Added
Navellier & Associates Inc31,173$456.4K0.06%+31,173New
Baird Financial Group, Inc.30,530$447.0K0.00%+18,395+151.6%Added
Independent Advisor Alliance30,503$446.6K0.01%−1,995−6.1%Reduced
Carroll Investors, Inc30,485$446.3K0.24%00.0%Unchanged
Mercer Global Advisors Inc30,127$441.1K0.00%+4,675+18.4%Added
Public Employees Retirement Association of Colorado30,059$440.0K0.00%+30,059New
Nations Financial Group Inc,29,741$435.4K0.03%+15,216+104.8%Added
Ameritas Investment Partners, Inc.29,426$430.8K0.01%+10,949+59.3%Added
Eqis Capital Management, Inc.29,233$428.0K0.03%+29,233New
Blair William & Co27,963$409.4K0.00%−2,475−8.1%Reduced
Hennion & Walsh Asset Management, Inc.27,683$405.3K0.02%+27,683New
AlphaStar Capital Management, LLC26,555$388.8K0.03%−942−3.4%Reduced
Cresset Asset Management, LLC26,536$388.5K0.00%+26,536New
Warren Averett Asset Management, LLC25,965$380.1K0.00%+2,566+11.0%Added
Jump Financial, LLC25,824$378.1K0.00%−121,929−82.5%Reduced
Veracity Capital LLC25,313$370.6K0.13%−4,412−14.8%Reduced
Geneos Wealth Management Inc.25,049$366.7K0.01%+5,714+29.6%Added
Brown Advisory Inc25,000$366.0K0.00%+25,000New
bLong Financial, LLC24,643$360.8K0.28%+551+2.3%Added
Quest Partners LLC24,625$360.5K0.04%−17,382−41.4%Reduced
J.W. Cole Advisors, Inc.24,045$352.0K0.01%+125+0.5%Added
Kingswood Wealth Advisors, LLC23,845$349.1K0.03%+1,869+8.5%Added
Curbstone Financial Management Corp23,800$348.4K0.07%+3,800+19.0%Added
MML Investors Services, LLC23,572$345.0K0.00%+23,572New
Diversify Advisory Services, LLC17,955$332.3K0.01%+17,955New
Xponance, Inc.22,343$327.1K0.00%+8,097+56.8%Added
Change Path, LLC22,232$325.5K0.01%+22,232New
Ameriflex Group, Inc.23,130$325.2K0.17%−2,220−8.8%Reduced
Capital Advisory Group Advisory Services, LLC22,167$324.5K0.12%+646+3.0%Added
CWM Advisors, LLC22,162$324.5K0.04%+22,162New
Engineers Gate Manager LP21,911$320.8K0.00%−37,330−63.0%Reduced
Chicago Partners Investment Group LLC15,737$319.5K0.01%+3,662+30.3%Added
Capstone Investment Advisors, LLC21,751$318.4K0.00%+21,751New
World Equity Group, Inc.20,610$301.7K0.08%+20,610New
Principal Financial Group Inc20,498$300.1K0.00%+7,048+52.4%Added
Caitong International Asset Management Co., Ltd20,441$299.3K0.21%−109,345−84.3%Reduced
Csenge Advisory Group18,026$294.4K0.02%+4,952+37.9%Added
Modus Advisors, LLC20,038$293.4K0.09%+2,638+15.2%Added
CIBC Private Wealth Group, LLC20,009$292.9K0.00%+14,808+284.7%Added