D-Wave Quantum Inc
QBTS
358 hedge funds and large institutions have $2.3B invested in D-Wave Quantum Inc in 2025 Q2 according to their latest regulatory filings, with 126 funds opening new positions, 143 increasing their positions, 59 reducing their positions, and 33 closing their positions.
394% more capital inflows, than outflows
Capital inflows: $944M | Capital outflows: $191M
282% more first-time investments, than exits
New positions opened: 126 | Existing positions closed: 33
142% more repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 59
33% more call options, than puts
Call options by funds: $266M | Put options by funds: $199M
33% more funds holding
Funds holding: 269 → 358 (+89)
18.69% more ownership
Funds ownership: 32.56% → 51.25% (+19%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$188M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$118M |
| 3 |
BlackRock
New York
|
+$108M |
| 4 |
Marex Group
London,
|
+$63.3M |
| 5 |
Renaissance Technologies
New York
|
+$44.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$47.2M |
| 2 |
Penserra Capital Management
Orinda,
California
|
-$45.9M |
| 3 |
Two Sigma Investments
New York
|
-$30.5M |
| 4 |
UNICOM Systems
Las Vegas,
Nevada
|
-$21.7M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$6.96M |
QBTS Hedge Fund Activity: Q2 2025 in Review
358 of the 7,624 institutional investors tracked by Wall St. Rank reported a position in D-Wave Quantum Inc (QBTS) for Q2 2025, worth a combined $2.3B — up 223% from $712M a quarter earlier.
Buyers outnumbered sellers: 126 funds opened new QBTS positions and 33 closed out — a net gain of 93 holders — while 143 added to existing stakes and 59 trimmed.
The largest buyer was Vanguard Group, adding an estimated $188M. The largest seller was UBS Group, cutting an estimated $47.2M.
- 358 institutional investors held D-Wave Quantum Inc (QBTS) as of Q2 2025, up from 269 in Q1 2025.
- Funds reported $2.3B of D-Wave Quantum Inc stock for Q2 2025, up 223% quarter-over-quarter.
- 126 funds opened new D-Wave Quantum Inc positions in Q2 2025 and 33 closed out, a net change of +93 holders.
- The largest D-Wave Quantum Inc buyer in Q2 2025 was Vanguard Group, an estimated $188M added.
- The largest D-Wave Quantum Inc seller in Q2 2025 was UBS Group, an estimated $47.2M sold.
Based on aggregated 13F filings for Q2 2025.