D-Wave Quantum Inc Warrants
QBTS.WS
QBTS.WS was delisted on the 17th of November, 2025.
14 hedge funds and large institutions have $23.6M invested in D-Wave Quantum Inc Warrants in 2025 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 3 closing their positions.
53% more capital invested
Capital invested by funds: $15.5M → $23.6M (+$8.12M)
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
8% more funds holding
Funds holding: 13 → 14 (+1)
0.45% more ownership
Funds ownership: 1.9% → 2.35% (+0.45%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LP
LMR Partners
London,
United Kingdom
|
+$5.41M |
| 2 |
CS
Clear Street
New York
|
+$977K |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$701K |
| 4 |
GGI
Galaxy Group Investments
New York
|
+$452K |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$417K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tenor Capital Management
New York
|
-$421K |
| 2 |
Jane Street
New York
|
-$407K |
| 3 |
SCM
Saba Capital Management
New York
|
-$70.7K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$52.6K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$156 |
QBTS.WS Hedge Fund Activity: Q1 2025 in Review
14 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in D-Wave Quantum Inc Warrants (QBTS.WS) for Q1 2025, worth a combined $23.6M — up 53% from $15.5M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new QBTS.WS positions and 3 closed out — a net gain of 1 holder — while 3 added to existing stakes and 2 trimmed.
The largest buyer was LMR Partners, adding an estimated $5.41M. The largest seller was Tenor Capital Management, exiting entirely with an estimated $421K sold.
- 14 institutional investors held D-Wave Quantum Inc Warrants (QBTS.WS) as of Q1 2025, up from 13 in Q4 2024.
- Funds reported $23.6M of D-Wave Quantum Inc Warrants stock for Q1 2025, up 53% quarter-over-quarter.
- 4 funds opened new D-Wave Quantum Inc Warrants positions in Q1 2025 and 3 closed out, a net change of +1 holder.
- The largest D-Wave Quantum Inc Warrants buyer in Q1 2025 was LMR Partners, an estimated $5.41M added.
- The largest D-Wave Quantum Inc Warrants seller in Q1 2025 was Tenor Capital Management, an estimated $421K sold.
Based on aggregated 13F filings for Q1 2025.