D-Wave Quantum Inc. Common Stock
QBTS
268 hedge funds and large institutions have $712M invested in D-Wave Quantum Inc. Common Stock in 2025 Q1 according to their latest regulatory filings, with 116 funds opening new positions, 107 increasing their positions, 29 reducing their positions, and 44 closing their positions.
269% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 29
164% more first-time investments, than exits
New positions opened: 116 | Existing positions closed: 44
68% more call options, than puts
Call options by funds: $135M | Put options by funds: $79.9M
35% more funds holding
Funds holding: 198 → 268 (+70)
8% less capital invested
Capital invested by funds: $770M → $712M (-$58.1M)
8.16% less ownership
Funds ownership: 40.73% → 32.57% (-8.2%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$84.5M |
| 2 |
BlackRock
New York
|
+$36.7M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$28M |
| 4 |
Two Sigma Investments
New York
|
+$19.8M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$336M |
| 2 |
Millennium Management
New York
|
-$18.3M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$10.5M |
| 4 |
Jane Street
New York
|
-$8.93M |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$8.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
301
Berbice Capital Management
Melville,
New York
| – | -$5.04K | -600 | Closed |
|
|
TAM
302
Tucker Asset Management
Littleton,
Colorado
| – | -$4.51K | -537 | Closed |
|
|
AWM
303
Avior Wealth Management
Omaha,
Nebraska
| – | -$4.2K | -500 | Closed |
|
|
CFO
304
CVA Family Office
Denver,
Colorado
| – | -$4.2K | -500 | Closed |
|
|
NFSG
305
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$3.36K | -400 | Closed |
|
|
CAM
306
Clarity Asset Management
Ames,
Iowa
| – | -$1.89K | -225 | Closed |
|
|
WT
307
Washington Trust
Westerly,
Rhode Island
| – | -$1.74K | -207 | Closed |
|
|
DRP
308
Decker Retirement Planning
Levi,
Utah
| – | -$1.68K | -200 | Closed |
|
|
CWM
309
Crowley Wealth Management
Wilmington,
Delaware
| – | -$420 | -50 | Closed |
|
|
C
310
Covestor
London,
United Kingdom
| – | +$168 | +25 | New |
|
311
Bessemer Group
Woodbridge,
New Jersey
| – | +$396 | +59 | New |
|
QBTS Hedge Fund Activity: Q1 2025 in Review
268 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in D-Wave Quantum Inc. Common Stock (QBTS) for Q1 2025, worth a combined $712M — down 7.5% from $770M a quarter earlier.
Buyers outnumbered sellers: 116 funds opened new QBTS positions and 44 closed out — a net gain of 72 holders — while 107 added to existing stakes and 29 trimmed.
The largest buyer was D.E. Shaw & Co, adding an estimated $84.5M. The largest seller was Public Sector Pension Investment Board (PSP Investments), exiting entirely with an estimated $336M sold.
- 268 institutional investors held D-Wave Quantum Inc. Common Stock (QBTS) as of Q1 2025, up from 198 in Q4 2024.
- Funds reported $712M of D-Wave Quantum Inc. Common Stock stock for Q1 2025, down 7.5% quarter-over-quarter.
- 116 funds opened new D-Wave Quantum Inc. Common Stock positions in Q1 2025 and 44 closed out, a net change of +72 holders.
- The largest D-Wave Quantum Inc. Common Stock buyer in Q1 2025 was D.E. Shaw & Co, an estimated $84.5M added.
- The largest D-Wave Quantum Inc. Common Stock seller in Q1 2025 was Public Sector Pension Investment Board (PSP Investments), an estimated $336M sold.
Based on aggregated 13F filings for Q1 2025.