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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, Q3 2025

Institutional positions in D-Wave Quantum Inc. as of Sep 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
459
+106 vs. Q2 2025
Shares held
182.7M
+26.1M (+16.7%) vs. Q2 2025
Total value
$4.52B
+$2.22B (+97.0%) vs. Q2 2025
New holders
137
182 more added
Sold out
31
91 more reduced

6 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2025: 459 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 heldQ3 2025: $4.52B
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, Q3 2025

Shares, value and share of portfolio for each institution holding D-Wave Quantum Inc.; share changes are against Q2 2025.

Institutions holding QBTS in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Groupe la Francaise42,950$925.7K0.01%+42,950New
Victory Capital Management Inc37,602$929.1K0.00%+2,380+6.8%Added
Captrust Financial Advisors38,210$944.2K0.00%+19,756+107.1%Added
Gotham Asset Management, LLC38,993$963.5K0.00%−126,724−76.5%Reduced
Laidlaw Wealth Management LLC39,113$966.5K2.30%+416+1.1%Added
Teacher Retirement System of Texas40,328$996.5K0.00%−3,380−7.7%Reduced
Advisory Services Network, LLC40,542$1.00M0.01%+2,703+7.1%Added
Modus Advisors, LLC41,751$1.03M0.28%+21,713+108.4%Added
Hennion & Walsh Asset Management, Inc.41,820$1.03M0.04%+14,137+51.1%Added
Pictet Asset Management Holding SA42,287$1.04M0.00%+6,052+16.7%Added
Envestnet Asset Management Inc43,075$1.06M0.00%+10,067+30.5%Added
SPX Equities Gestao de Recursos Ltda44,000$1.09M0.09%+44,000New
Eagle Strategies LLC44,475$1.10M0.15%+44,475New
Balyasny Asset Management LLC45,548$1.13M0.00%+45,548New
Vident Advisory, LLC45,801$1.13M0.01%+45,801New
Private Advisor Group, LLC46,268$1.14M0.01%−19,154−29.3%Reduced
Triton Wealth Management, PLLC32,890$1.18M0.45%+150+0.5%Added
Citigroup Inc47,696$1.18M0.00%−74,131−60.8%Reduced
Flagship Harbor Advisors, LLC47,740$1.18M0.05%+1,000+2.1%Added
Qsemble Capital Management, LP47,993$1.19M0.12%+47,993New
Federation des caisses Desjardins du Quebec49,050$1.21M0.00%−21,687−30.7%Reduced
Ensign Peak Advisors, Inc50,350$1.24M0.00%−23,500−31.8%Reduced
Navellier & Associates Inc50,788$1.25M0.13%+19,615+62.9%Added
Prudential Financial Inc50,845$1.26M0.00%−10,230−16.7%Reduced
Nisa Investment Advisors, LLC51,853$1.28M0.00%+45,735+747.5%Added
Colony Group, LLC52,976$1.31M0.00%+3,902+8.0%Added
WCG Wealth Advisors LLC53,221$1.32M0.08%+53,221New
GWM Advisors LLC53,280$1.32M0.01%+10,907+25.7%Added
ProShare Advisors LLC53,717$1.33M0.00%−6,383−10.6%Reduced
Mutual Advisors, LLC43,257$1.34M0.03%+43,257New
STRS Ohio55,100$1.36M0.00%+11,500+26.4%Added
Voya Investment Management LLC55,803$1.38M0.00%−23,250−29.4%Reduced
Dimensional Fund Advisors LP56,868$1.41M0.00%+56,868New
Kovack Advisors, Inc.59,610$1.47M0.14%−44,780−42.9%Reduced
Florida Financial Advisors, LLC61,989$1.53M0.47%+29,007+87.9%Added
State Board of Administration of Florida Retirement System62,968$1.56M0.00%+24,858+65.2%Added
Los Angeles Capital Management LLC63,901$1.58M0.01%−2,791−4.2%Reduced
KLP Kapitalforvaltning AS64,500$1.59M0.01%+6,700+11.6%Added
Wolverine Trading, LLC66,479$1.68M0.03%−55,859−45.7%Reduced
Limestone Investment Advisors LP68,161$1.68M0.76%+68,161New
Main Management ETF Advisors, LLC68,975$1.70M0.06%−85,667−55.4%Reduced
SEI Investments Co69,937$1.73M0.00%−1,444−2.0%Reduced
Wealth Enhancement Advisory Services, LLC49,621$1.77M0.00%+17,906+56.5%Added
Parallax Volatility Advisers, L.P.73,749$1.82M0.05%+73,749New
Vontobel Holding Ltd.74,586$1.84M0.01%−30,764−29.2%Reduced
Marietta Investment Partners LLC77,760$1.92M0.37%+15,350+24.6%Added
Citizens Financial Group Inc78,410$1.94M0.03%−917−1.2%Reduced
Oppenheimer & Co Inc84,367$2.08M0.03%+3,932+4.9%Added
Banque Pictet & Cie SA85,000$2.10M0.02%+85,000New
Police & Firemen's Retirement System of New Jersey85,973$2.12M0.02%+20,518+31.3%Added
Brown Miller Wealth Management, LLC86,267$2.13M0.60%00.0%Unchanged
Intech Investment Management LLC88,850$2.20M0.02%−107,035−54.6%Reduced
Arizona State Retirement System91,424$2.26M0.01%+7,427+8.8%Added
IMC-Chicago, LLC92,126$2.28M0.04%−11,245−10.9%Reduced
Caitong International Asset Management Co., Ltd96,248$2.38M1.65%+75,807+370.9%Added
Franklin Resources Inc99,765$2.47M0.00%−3,147−3.1%Reduced
New York State Common Retirement Fund100,329$2.48M0.00%+7,200+7.7%Added
National Bank of Canada103,133$2.55M0.00%+34,090+49.4%Added
BNP Paribas Arbitrage, SA110,390$2.73M0.00%+58,802+114.0%Added
Manufacturers Life Insurance Company, The110,918$2.74M0.00%+4,851+4.6%Added
Brinker Capital Investments, LLC112,281$2.77M0.02%+56,381+100.9%Added
Jones Financial Companies LLLP104,661$2.80M0.00%+39,751+61.2%Added
Headlands Technologies LLC113,577$2.81M0.22%−247,240−68.5%Reduced
Yarbrough Capital, LLC121,060$2.99M0.09%00.0%Unchanged
Neuberger Berman Group LLC123,784$3.06M0.00%+123,784New
Mariner, LLC124,666$3.08M0.00%−21,340−14.6%Reduced
Commonwealth Equity Services, LLC130,654$3.23M0.00%−126,913−49.3%Reduced
Thoroughbred Financial Services, LLC131,250$3.24M0.20%+1,350+1.0%Added
Creative Planning131,568$3.25M0.00%+93,496+245.6%Added
Janus Henderson Group PLC133,673$3.30M0.00%+10,973+8.9%Added
Walleye Capital LLC136,415$3.37M0.03%−50,776−27.1%Reduced
Flynn Zito Capital Management, LLC140,000$3.46M1.28%00.0%Unchanged
Zurcher Kantonalbank (Zurich Cantonalbank)142,900$3.53M0.01%+19,979+16.3%Added
Mirae Asset Global ETFs Holdings Ltd.143,608$3.55M0.01%−14,366−9.1%Reduced
State of New Jersey Common Pension Fund D143,623$3.55M0.01%+44,703+45.2%Added
Bouvel Investment Partners, LLC148,337$3.67M1.12%+1,845+1.3%Added
Wolverine Asset Management LLC152,942$3.78M0.06%+64,577+73.1%Added
Harvest Investment Services, LLC153,116$3.78M0.76%+109,229+248.9%Added
Amundi108,586$3.80M0.00%+2,542+2.4%Added
Voleon Capital Management LP157,160$3.88M0.09%+157,160New
HighTower Advisors, LLC157,332$3.89M0.00%+6,707+4.5%Added
Capital Fund Management S.A.163,243$4.03M0.04%+163,243New
Arkadios Wealth Advisors166,977$4.13M0.10%+2,870+1.7%Added
Algert Global LLC172,110$4.25M0.07%+51,680+42.9%Added
Group One Trading, L.P.173,716$4.29M0.13%−789,140−82.0%Reduced
Russell Investments Group, Ltd.177,450$4.38M0.00%+174,204+5,366.7%Added
MetLife Investment Management179,944$4.45M0.02%+7,699+4.5%Added
Rockefeller Capital Management L.P.182,278$4.50M0.01%−264,266−59.2%Reduced
Trexquant Investment LP183,597$4.54M0.05%−358,001−66.1%Reduced
Federated Hermes, Inc.184,359$4.56M0.01%+184,288+259,560.6%Added
EAM Investors, LLC190,617$4.63M0.53%+19,417+11.3%Added
Kestra Advisory Services, LLC190,336$4.70M0.02%+140,436+281.4%Added
SLT Holdings LLC191,521$4.73M3.10%−41,479−17.8%Reduced
SBI Securities Co., Ltd.199,196$4.92M0.13%−7,992−3.9%Reduced
Cetera Investment Advisers202,707$5.01M0.01%+90,207+80.2%Added
AQR Capital Management LLC202,710$5.01M0.00%+31,471+18.4%Added
Advisor Group Holdings, Inc.284,936$5.09M0.01%+37,932+15.4%Added
State of Wisconsin Investment Board210,455$5.20M0.01%+18,007+9.4%Added
Deutsche Bank AG248,985$6.15M0.00%+47,145+23.4%Added
Universal- Beteiligungs- und Servicegesellschaft mbH250,387$6.19M0.01%+143,282+133.8%Added