D-Wave Quantum Inc Warrants
QBTS.WS
QBTS.WS was delisted on the 17th of November, 2025.
11 hedge funds and large institutions have $20M invested in D-Wave Quantum Inc Warrants in 2025 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 5 closing their positions.
1.66% less ownership
Funds ownership: 2.35% → 0.69% (-1.7%)
15% less capital invested
Capital invested by funds: $23.6M → $20M (-$3.57M)
21% less funds holding
Funds holding: 14 → 11 (-3)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
+$2M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$1.17M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$96.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LP
LMR Partners
London,
United Kingdom
|
-$32.9M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$1.43M |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$543K |
| 4 |
GGI
Galaxy Group Investments
New York
|
-$519K |
| 5 |
LPL Financial
San Diego,
California
|
-$86.5K |
QBTS.WS Hedge Fund Activity: Q2 2025 in Review
11 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in D-Wave Quantum Inc Warrants (QBTS.WS) for Q2 2025, worth a combined $20M — down 15% from $23.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of QBTS.WS and 2 opened new positions — a net loss of 3 holders — while 4 trimmed existing stakes and 2 added.
The largest buyer was Caption Management, adding an estimated $2M. The largest seller was LMR Partners, cutting an estimated $32.9M.
- 11 institutional investors held D-Wave Quantum Inc Warrants (QBTS.WS) as of Q2 2025, down from 14 in Q1 2025.
- Funds reported $20M of D-Wave Quantum Inc Warrants stock for Q2 2025, down 15% quarter-over-quarter.
- 2 funds opened new D-Wave Quantum Inc Warrants positions in Q2 2025 and 5 closed out, a net change of -3 holders.
- The largest D-Wave Quantum Inc Warrants buyer in Q2 2025 was Caption Management, an estimated $2M added.
- The largest D-Wave Quantum Inc Warrants seller in Q2 2025 was LMR Partners, an estimated $32.9M sold.
Based on aggregated 13F filings for Q2 2025.