Caption Management’s D-Wave Quantum Inc Warrants QBTS.WS Stock Holding History

Caption Management’s Portfolio QBTS.WS Stock Details QBTS.WS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-374,558	Closed	-$9.14M	–	1983
2025 Q3	$9.14M	Buy	374,558 +94,044	+34%	+$1.41M	0.07%	303
2025 Q2	$2.75M	Buy	280,514 +258,514	+1,175%	+$2M	0.03%	618
2025 Q1	$81K	Buy	+22,000	New	+$70.5K	﹤0.01%	1372

Caption Management's QBTS.WS Position: Q4 2025 in Review

Caption Management sold out of D-Wave Quantum Inc Warrants (QBTS.WS) in Q4 2025, closing a stake of 374,558 shares — an estimated $9.14M sold.

Caption Management first reported a position in QBTS.WS in Q1 2025 and held it in 3 quarters. The position peaked at $9.14M in Q3 2025. 0 funds tracked by Wall St. Rank hold QBTS.WS as of Q4 2025.

Caption Management reported no remaining D-Wave Quantum Inc Warrants position as of Q4 2025 after selling out during the quarter.
Caption Management sold 374,558 D-Wave Quantum Inc Warrants shares in Q4 2025, an estimated $9.14M.
Caption Management first reported a position in D-Wave Quantum Inc Warrants in Q1 2025 and held it in 3 quarters.
Caption Management's D-Wave Quantum Inc Warrants position peaked at $9.14M in Q3 2025.
0 funds tracked by Wall St. Rank held D-Wave Quantum Inc Warrants as of Q4 2025.

Based on Caption Management's 13F filing for Q4 2025, filed 17 Feb 2026.