D-Wave Quantum Inc Warrants
QBTS.WS
QBTS.WS was delisted on the 17th of November, 2025.
12 hedge funds and large institutions have $28.4M invested in D-Wave Quantum Inc Warrants in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
42% more capital invested
Capital invested by funds: $20M → $28.4M (+$8.43M)
9% more funds holding
Funds holding: 11 → 12 (+1)
0.69% less ownership
Funds ownership: 0.69% → 0% (-0.69%)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
+$1.41M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$864K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$428K |
| 4 |
VF
Virtu Financial
New York
|
+$243K |
| 5 |
SMH
Sanders Morris Harris
Houston,
Texas
|
+$183K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LP
LMR Partners
London,
United Kingdom
|
-$7.57M |
| 2 |
CS
Clear Street
New York
|
-$4.47M |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$752K |
| 4 |
Jane Street
New York
|
-$297K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$112K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Hudson Bay Capital Management
Stamford,
Connecticut
| $10.4M | +$864K | +57,461 | +16% |
|
|
CM
2
Caption Management
Oklahoma City,
Oklahoma
| $9.14M | +$1.41M | +94,044 | +34% |
|
|
LP
3
LMR Partners
London,
United Kingdom
| $3.2M | -$7.57M | -503,860 | -79% |
|
|
AC
4
Aristeia Capital
Greenwich,
Connecticut
| $2.05M | – | – | – |
|
|
5
Jane Street
New York
| $1.71M | -$297K | -19,746 | -22% |
|
|
6
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $695K | +$428K | +28,468 | New |
|
|
VF
7
Virtu Financial
New York
| $395K | +$243K | +16,193 | New |
|
|
SMH
8
Sanders Morris Harris
Houston,
Texas
| $297K | +$183K | +12,165 | New |
|
|
BFM
9
Boothbay Fund Management
New York
| $247K | -$752K | -50,000 | -83% |
|
|
VI
10
Vestcor Inc
Fredericton,
New Brunswick, Canada
| $146K | – | – | – |
|
|
EPM
11
Equitec Proprietary Markets
Chicago,
Illinois
| $129K | – | – | – |
|
|
GRP
12
Global Retirement Partners
San Rafael,
California
| $171 | -$45 | -3 | -30% |
|
|
CS
13
Clear Street
New York
| – | -$4.47M | -455,300 | Closed |
|
|
14
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$112K | -12,476 | Closed |
|
QBTS.WS Hedge Fund Activity: Q3 2025 in Review
12 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in D-Wave Quantum Inc Warrants (QBTS.WS) for Q3 2025, worth a combined $28.4M — up 42% from $20M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new QBTS.WS positions and 2 closed out — a net gain of 1 holder — while 2 added to existing stakes and 4 trimmed.
The largest buyer was Caption Management, adding an estimated $1.41M. The largest seller was LMR Partners, cutting an estimated $7.57M.
- 12 institutional investors held D-Wave Quantum Inc Warrants (QBTS.WS) as of Q3 2025, up from 11 in Q2 2025.
- Funds reported $28.4M of D-Wave Quantum Inc Warrants stock for Q3 2025, up 42% quarter-over-quarter.
- 3 funds opened new D-Wave Quantum Inc Warrants positions in Q3 2025 and 2 closed out, a net change of +1 holder.
- The largest D-Wave Quantum Inc Warrants buyer in Q3 2025 was Caption Management, an estimated $1.41M added.
- The largest D-Wave Quantum Inc Warrants seller in Q3 2025 was LMR Partners, an estimated $7.57M sold.
Based on aggregated 13F filings for Q3 2025.