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D-Wave Quantum
QBTS

198 hedge funds and large institutions have $770M invested in D-Wave Quantum in 2024 Q4 according to their latest regulatory filings, with 122 funds opening new positions, 52 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,256% more first-time investments, than exits

New positions opened: 122 | Existing positions closed: 9

821% more capital invested

Capital invested by funds: $83.7M → $770M (+$687M)

206% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 17

128% more funds holding

Funds holding: 87 → 198 (+111)

23% more call options, than puts

Call options by funds: $63.7M | Put options by funds: $51.8M

13.26% less ownership

Funds ownership: 53.99% → 40.73% (-13%)

Holders
198
Holders Change
+111
Holders Change %
+127.59%
% of All Funds
2.61%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
122
Increased
52
Reduced
17
Closed
9
Calls
$63.7M
Puts
$51.8M
Net Calls
+$11.9M
Net Calls Change
+$12.1M

Top Buyers

1
UBS Group
UBS Group
Switzerland
+$12.8M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$10.8M
3
Millennium Management
Millennium Management
New York
+$8.24M
4
Bank of America
Bank of America
North Carolina
+$7.47M
5
BlackRock
BlackRock
New York
+$5.92M

Top Sellers

1
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
-$58M
2
PCM
Penserra Capital Management
California
-$5M
3
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$3.59M
4
BCM
Bridgeway Capital Management
Texas
-$299K
5
SEI Investments
SEI Investments
Pennsylvania
-$167K
Name Holding Trade Value Shares
Change 		Change in
Stake
Public Sector Pension Investment Board (PSP Investments)
1
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$336M -$58M -19,374,059 -33%
BlackRock
2
BlackRock
New York
$72.4M +$5.92M +1,977,379 +30%
Vanguard Group
3
Vanguard Group
Pennsylvania
$59.8M +$10.8M +3,624,407 +104%
UBS Group
4
UBS Group
Switzerland
$36.4M +$12.8M +4,274,517 +7,422%
State Street
5
State Street
Massachusetts
$25.9M +$3.19M +1,064,382 +53%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$25M +$1.25M +418,468 +16%
PCM
7
Penserra Capital Management
California
$23.6M -$5M -1,671,319 -37%
Millennium Management
8
Millennium Management
New York
$23.1M +$8.24M +2,753,530 New
Bank of America
9
Bank of America
North Carolina
$21.4M +$7.47M +2,497,263 +4,912%
US
10
UNICOM Systems
Nevada
$20.3M +$7.22M +2,411,704 New
Susquehanna International Group
11
Susquehanna International Group
Pennsylvania
$15M +$3.8M +1,270,155 +247%
Jane Street
12
Jane Street
New York
$11.2M +$3.86M +1,289,831 +3,231%
Group One Trading
13
Group One Trading
Illinois
$11.1M +$3.68M +1,230,953 +1,441%
Morgan Stanley
14
Morgan Stanley
New York
$8.98M +$2.35M +783,878 +275%
Northern Trust
15
Northern Trust
Illinois
$8.22M +$602K +201,091 +26%
N
16
Nuveen
North Carolina
$4.05M +$129K +43,159 +10%
Charles Schwab
17
Charles Schwab
California
$2.7M +$274K +91,721 +40%
Goldman Sachs
18
Goldman Sachs
New York
$2.48M +$323K +108,065 +58%
Raymond James Financial
19
Raymond James Financial
Florida
$2.09M +$744K +248,473 New
Voloridge Investment Management
20
Voloridge Investment Management
Florida
$2.06M +$735K +245,636 New
Squarepoint
21
Squarepoint
New York
$1.99M +$708K +236,742 New
ER
22
EVR Research
Virginia
$1.94M +$690K +230,600 New
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$1.92M +$625K +209,000 +1,097%
AWA
24
Arete Wealth Advisors
Illinois
$1.91M +$633K +211,527 +1,300%
Rockefeller Capital Management
25
Rockefeller Capital Management
New York
$1.9M +$679K +226,779 New
1
2 3 4 5

QBTS Hedge Fund Activity: Q4 2024 in Review

198 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in D-Wave Quantum (QBTS) for Q4 2024, worth a combined $770M — up 821% from $83.7M a quarter earlier.

Buyers outnumbered sellers: 122 funds opened new QBTS positions and 9 closed out — a net gain of 113 holders — while 52 added to existing stakes and 17 trimmed.

The largest buyer was UBS Group, adding an estimated $12.8M. The largest seller was Public Sector Pension Investment Board (PSP Investments), cutting an estimated $58M.

  • 198 institutional investors held D-Wave Quantum (QBTS) as of Q4 2024, up from 87 in Q3 2024.
  • Funds reported $770M of D-Wave Quantum stock for Q4 2024, up 821% quarter-over-quarter.
  • 122 funds opened new D-Wave Quantum positions in Q4 2024 and 9 closed out, a net change of +113 holders.
  • The largest D-Wave Quantum buyer in Q4 2024 was UBS Group, an estimated $12.8M added.
  • The largest D-Wave Quantum seller in Q4 2024 was Public Sector Pension Investment Board (PSP Investments), an estimated $58M sold.

Based on aggregated 13F filings for Q4 2024.