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, Q4 2025
Institutional positions in D-Wave Quantum Inc. as of Dec 31, 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
- 511
- +59 vs. Q3 2025
- Shares held
- 169.3M
- −12.6M (−6.9%) vs. Q3 2025
- Total value
- $4.43B
- −$67.6M (−1.5%) vs. Q3 2025
- New holders
- 135
- 182 more added
- Sold out
- 76
- 146 more reduced
7 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 553 | $4.73B |
| Q1 2026 | 493 | $2.54B |
| Q4 2025 | 511 | $4.43B |
| Q3 2025 | 459 | $4.52B |
| Q2 2025 | 359 | $2.30B |
| Q1 2025 | 270 | $712.1M |
| Q4 2024 | 199 | $770.3M |
| Q3 2024 | 88 | $83.7M |
| Q2 2024 | 80 | $92.9M |
| Q1 2024 | 60 | $136.7M |
| Q4 2023 | 51 | $64.9M |
| Q3 2023 | 49 | $71.6M |
| Q2 2023 | 39 | $150.2M |
| Q1 2023 | 29 | $47.0M |
| Q4 2022 | 24 | $103.7M |
| Q3 2022 | 21 | $555.9M |
| Q2 2022 | 1 | $41.8K |
| Q1 2022 | 0 | $0 |
| Q4 2021 | 0 | $0 |
| Q3 2021 | 0 | $0 |
| Q2 2021 | 0 | $0 |
| Q1 2021 | 0 | $0 |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding D-Wave Quantum Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Charles Schwab Investment Management Inc | 3,061,575 | $80.1M | 0.01% | +156,864+5.4% | Added |
| UNICOM Systems, Inc. | 3,121,346 | $81.6M | 7.98% | 00.0% | Unchanged |
| Bank of America Corp | 3,517,550 | $92.0M | 0.01% | −1,888,564−34.9% | Reduced |
| Goldman Sachs Group Inc | 3,548,013 | $92.8M | 0.01% | +2,685,980+311.6% | Added |
| Clear Street Group Inc. | 4,281,254 | $112.0M | 0.59% | +1,232,106+40.4% | Added |
| Marex Group plc | 4,592,656 | $120.1M | 1.30% | +1,966,500+74.9% | Added |
| State Street Corp | 7,707,085 | $201.5M | 0.01% | +385,809+5.3% | Added |
| Geode Capital Management, LLC | 8,394,726 | $220.1M | 0.01% | +866,405+11.5% | Added |
| UBS Group AG | 10,263,434 | $268.4M | 0.05% | −1,826,269−15.1% | Reduced |
| BlackRock, Inc. | 28,198,441 | $737.4M | 0.01% | +1,997,206+7.6% | Added |
| Vanguard Group Inc | 36,909,069 | $965.2M | 0.01% | −1,545,800−4.0% | Reduced |
| Driehaus Capital Management LLC | 0 | $0 | 0.00% | −2,443,818−100.0% | Sold out |
| HRT Financial LP | 0 | $0 | 0.00% | −1,354,621−100.0% | Sold out |
| Virtu Financial LLC | 0 | $0 | 0.00% | −640,330−100.0% | Sold out |
| Macquarie Group Ltd | 0 | $0 | 0.00% | −598,107−100.0% | Sold out |
| Squarepoint Ops LLC | 0 | $0 | 0.00% | −486,951−100.0% | Sold out |
| Millennium Management LLC | 0 | $0 | 0.00% | −252,571−100.0% | Sold out |
| EAM Investors, LLC | 0 | $0 | 0.00% | −190,617−100.0% | Sold out |
| Trexquant Investment LP | 0 | $0 | 0.00% | −183,597−100.0% | Sold out |
| Capital Fund Management S.A. | 0 | $0 | 0.00% | −163,243−100.0% | Sold out |
| Voleon Capital Management LP | 0 | $0 | 0.00% | −157,160−100.0% | Sold out |
| Wolverine Asset Management LLC | 0 | $0 | 0.00% | −152,942−100.0% | Sold out |
| Limestone Investment Advisors LP | 0 | $0 | 0.00% | −68,161−100.0% | Sold out |
| Qsemble Capital Management, LP | 0 | $0 | 0.00% | −47,993−100.0% | Sold out |
| Balyasny Asset Management LLC | 0 | $0 | 0.00% | −45,548−100.0% | Sold out |
| SPX Equities Gestao de Recursos Ltda | 0 | $0 | 0.00% | −44,000−100.0% | Sold out |
| Groupe la Francaise | 0 | $0 | 0.00% | −42,950−100.0% | Sold out |
| Blackstone Group Inc. | 0 | $0 | 0.00% | −35,191−100.0% | Sold out |
| WBI Investments | 0 | $0 | 0.00% | −34,176−100.0% | Sold out |
| Picton Mahoney Asset Management | 0 | $0 | 0.00% | −28,991−100.0% | Sold out |
| Oak Harvest Investment Services | 0 | $0 | 0.00% | −27,500−100.0% | Sold out |
| Ieq Capital, LLC | 0 | $0 | 0.00% | −25,986−100.0% | Sold out |
| Kovitz Investment Group Partners, LLC | 0 | $0 | 0.00% | −25,442−100.0% | Sold out |
| Weiss Asset Management LP | 0 | $0 | 0.00% | −25,038−100.0% | Sold out |
| Brown Advisory Inc | 0 | $0 | 0.00% | −25,000−100.0% | Sold out |
| Moore Capital Management, LP | 0 | $0 | 0.00% | −25,000−100.0% | Sold out |
| SummitTX Capital, L.P. | 0 | $0 | 0.00% | −24,147−100.0% | Sold out |
| SeaCrest Wealth Management, LLC | 0 | $0 | 0.00% | −15,538−100.0% | Sold out |
| Marshall Wace, LLP | 0 | $0 | 0.00% | −19,804−100.0% | Sold out |
| Natixis Advisors, L.P. | 0 | $0 | 0.00% | −19,450−100.0% | Sold out |
| Kingswood Wealth Advisors, LLC | 0 | $0 | 0.00% | −18,739−100.0% | Sold out |
| Total Clarity Wealth Management, Inc. | 0 | $0 | 0.00% | −16,910−100.0% | Sold out |
| Sowell Financial Services LLC | 0 | $0 | 0.00% | −16,738−100.0% | Sold out |
| Quantessence Capital LLC | 0 | $0 | 0.00% | −15,547−100.0% | Sold out |
| Stephens Inc | 0 | $0 | 0.00% | −13,926−100.0% | Sold out |
| GTS Securities LLC | 0 | $0 | 0.00% | −12,726−100.0% | Sold out |
| Accurate Wealth Management, LLC | 0 | $0 | 0.00% | −7,170−100.0% | Sold out |
| Fortis Capital Management LLC | 0 | $0 | 0.00% | −12,376−100.0% | Sold out |
| PFG Advisors | 0 | $0 | 0.00% | −12,261−100.0% | Sold out |
| Fountainhead AM, LLC | 0 | $0 | 0.00% | −11,347−100.0% | Sold out |
| Empirical Asset Management, LLC | 0 | $0 | 0.00% | −13,948−100.0% | Sold out |
| Wealth Management Associates, Inc. | 0 | $0 | 0.00% | −10,911−100.0% | Sold out |
| Baron Wealth Management LLC | 0 | $0 | 0.00% | −10,700−100.0% | Sold out |
| Yukon Wealth Management, Inc. | 0 | $0 | 0.00% | −10,080−100.0% | Sold out |
| Walled Lake Planning & Wealth Management, LLC | 0 | $0 | 0.00% | −9,566−100.0% | Sold out |
| Valeo Financial Advisors, LLC | 0 | $0 | 0.00% | −9,235−100.0% | Sold out |
| Wealth Effects LLC | 0 | $0 | 0.00% | −9,200−100.0% | Sold out |
| Gainplan LLC | 0 | $0 | 0.00% | −9,178−100.0% | Sold out |
| Pathstone Holdings, LLC | 0 | $0 | 0.00% | −9,157−100.0% | Sold out |
| NewEdge Wealth, LLC | 0 | $0 | 0.00% | −7,130−100.0% | Sold out |
| Dale Q Rice Investment Management Ltd | 0 | $0 | 0.00% | −6,239−100.0% | Sold out |
| FourThought Financial Partners, LLC | 0 | $0 | 0.00% | −8,831−100.0% | Sold out |
| Entropy Technologies, LP | 0 | $0 | 0.00% | −8,592−100.0% | Sold out |
| RIA Advisory Group LLC | 0 | $0 | 0.00% | −8,500−100.0% | Sold out |
| Fortress Wealth Group, LLC | 0 | $0 | 0.00% | −6,000−100.0% | Sold out |
| Baird Financial Group, Inc. | 0 | $0 | 0.00% | −8,196−100.0% | Sold out |
| Americana Partners, LLC | 0 | $0 | 0.00% | −8,179−100.0% | Sold out |
| Petros Family Wealth, LLC | 0 | $0 | 0.00% | −8,140−100.0% | Sold out |
| Baader Bank INC | 0 | $0 | 0.00% | −12,568−100.0% | Sold out |
| Principal Securities, Inc. | 0 | $0 | 0.00% | −3,052−100.0% | Sold out |
| Gables Capital Management Inc. | 0 | $0 | 0.00% | −2,500−100.0% | Sold out |
| Ameritas Advisory Services, LLC | 0 | $0 | 0.00% | −690−100.0% | Sold out |
| Strategic Investment Solutions, Inc. | 0 | $0 | 0.00% | −600−100.0% | Sold out |
| Manchester Capital Management LLC | 0 | $0 | 0.00% | −500−100.0% | Sold out |
| Signature Resources Capital Management, LLC | 0 | $0 | 0.00% | −500−100.0% | Sold out |
| GPS Wealth Strategies Group, LLC | 0 | $0 | 0.00% | −360−100.0% | Sold out |
| FNY Investment Advisers, LLC | 0 | $0 | 0.00% | −318−100.0% | Sold out |
| Wealthspire Advisors, LLC | 0 | $0 | 0.00% | −188−100.0% | Sold out |
| Future Financial Wealth Managment LLC | 0 | $0 | 0.00% | −120−100.0% | Sold out |
| Central Trust Co | 0 | $0 | 0.00% | −100−100.0% | Sold out |
| Family Legacy Financial Solutions, LLC | 0 | $0 | 0.00% | −75−100.0% | Sold out |
| AdvisorNet Financial, Inc | 0 | $0 | 0.00% | −70−100.0% | Sold out |
| Koesten, Hirschmann & Crabtree, INC. | 0 | $0 | 0.00% | −55−100.0% | Sold out |
| Quarry LP | 0 | $0 | 0.00% | −51−100.0% | Sold out |
| United Financial Planning Group LLC | 0 | $0 | 0.00% | −4−100.0% | Sold out |
| Activest Wealth Management | 0 | $0 | 0.00% | 0 | Sold out |
| Summit Wealth Group LLC | 0 | $0 | 0.00% | −2,715−100.0% | Sold out |
| Cubist Systematic Strategies, LLC | – | – | – | – | Not filed |
| Wolverine Trading, LLC | – | – | – | – | Not filed |
| CIBC Bancorp USA Inc. | – | – | – | – | Not filed |
| HAP Trading, LLC | – | – | – | – | Not filed |
| Masso Torrence Wealth Management Inc. | – | – | – | – | Not filed |
| Maso Capital Partners Ltd | – | – | – | – | Not filed |
| Guerra Advisors Inc | – | – | – | – | Not filed |