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D-Wave Quantum Inc. Common Stock

356 hedge funds and large institutions have $2.3B invested in D-Wave Quantum Inc. Common Stock in 2025 Q2 according to their latest regulatory filings, with 125 funds opening new positions, 142 increasing their positions, 60 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

279% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 33

223% more capital invested

Capital invested by funds: $712M → $2.3B (+$1.59B)

137% more repeat investments, than reductions

Existing positions increased: 142 | Existing positions reduced: 60

33% more call options, than puts

Call options by funds: $266M | Put options by funds: $199M

33% more funds holding

Funds holding: 268356 (+88)

18.68% more ownership

Funds ownership: 32.57%51.25% (+19%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
356
Holders Change
+88
Holders Change %
+32.84%
% of All Funds
4.69%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
125
Increased
142
Reduced
60
Closed
33
Calls
$266M
Puts
$199M
Net Calls
+$66.1M
Net Calls Change
+$11.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$399M +$188M +15,951,571 +141%
BlackRock
2
BlackRock
New York
$340M +$108M +9,148,548 +65%
Bank of America
3
Bank of America
North Carolina
$216M +$118M +9,997,897 +211%
D.E. Shaw & Co
4
D.E. Shaw & Co
New York
$186M -$127K -10,816 -0.1%
State Street
5
State Street
Massachusetts
$97.3M +$22.8M +1,941,762 +41%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$93.9M +$22.2M +1,883,109 +42%
MG
7
Marex Group
$80.1M +$63.3M +5,379,911 +6,019%
Morgan Stanley
8
Morgan Stanley
New York
$64.2M +$31.2M +2,650,737 +153%
Renaissance Technologies
9
Renaissance Technologies
New York
$55.5M +$44.6M +3,791,342 New
Arrowstreet Capital
10
Arrowstreet Capital
Massachusetts
$45.4M +$36.5M +3,099,209 New
US
11
UNICOM Systems
Nevada
$40.8M -$21.7M -1,844,196 -40%
Northern Trust
12
Northern Trust
Illinois
$34.9M +$9.25M +786,327 +49%
Susquehanna International Group
13
Susquehanna International Group
Pennsylvania
$31.3M +$22.5M +1,908,714 +843%
UBS Group
14
UBS Group
Switzerland
$27.6M -$47.2M -4,007,824 -68%
Man Group
15
Man Group
United Kingdom
$26.5M +$21.3M +1,812,497 New
JP Morgan Chase
16
JP Morgan Chase
New York
$22.5M +$16.5M +1,402,156 +1,047%
N
17
Nuveen
North Carolina
$21.2M +$9.99M +848,895 +141%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$20.8M +$14.8M +1,261,488 +778%
Jane Street
19
Jane Street
New York
$17.7M +$14.2M +1,210,656 New
DCM
20
Driehaus Capital Management
Illinois
$17.7M +$14.2M +1,209,747 New
PCM
21
Penserra Capital Management
California
$17.1M -$45.9M -3,898,252 -77%
Goldman Sachs
22
Goldman Sachs
New York
$15.1M -$3.52M -299,333 -23%
UBS AM
23
UBS AM
Illinois
$14.9M +$7.3M +620,576 +157%
SG Americas Securities
24
SG Americas Securities
New York
$14.3M +$11.5M +980,138 New
Group One Trading
25
Group One Trading
Illinois
$14.1M +$9.9M +841,148 +691%

QBTS Hedge Fund Activity: Q2 2025 in Review

356 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in D-Wave Quantum Inc. Common Stock (QBTS) for Q2 2025, worth a combined $2.3B — up 223% from $712M a quarter earlier.

Buyers outnumbered sellers: 125 funds opened new QBTS positions and 33 closed out — a net gain of 92 holders — while 142 added to existing stakes and 60 trimmed.

The largest buyer was Vanguard Group, adding an estimated $188M. The largest seller was UBS Group, cutting an estimated $47.2M.

  • 356 institutional investors held D-Wave Quantum Inc. Common Stock (QBTS) as of Q2 2025, up from 268 in Q1 2025.
  • Funds reported $2.3B of D-Wave Quantum Inc. Common Stock stock for Q2 2025, up 223% quarter-over-quarter.
  • 125 funds opened new D-Wave Quantum Inc. Common Stock positions in Q2 2025 and 33 closed out, a net change of +92 holders.
  • The largest D-Wave Quantum Inc. Common Stock buyer in Q2 2025 was Vanguard Group, an estimated $188M added.
  • The largest D-Wave Quantum Inc. Common Stock seller in Q2 2025 was UBS Group, an estimated $47.2M sold.

Based on aggregated 13F filings for Q2 2025.