QBTS D-WAVE QUANTUM INC
COMMON
CUSIP: 26740W109
FIGI: BBG0192379V9
Institutional Holders517
Total Institutional Value$5,368,518,996
Total Shares Held210,073,698
Avg Position$10,383,983
Top 5 Holders %47.2%
Alpha-Weighted Score62.0
New Positions+101
Exited Positions-71
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | High Conviction | Market Mover | $965,172,155 (18.0%) | 36,909,069 | - |
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $737,389,242 (13.7%) | 28,198,441 | 13.9% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Moderate Conviction | Market Mover | $336,533,006 (6.3%) | 12,869,331 | 27.1% |
| UBS Group AG | Moderate Conviction | Market Mover | $268,388,799 (5.0%) | 10,263,434 | -10.2% |
| CITADEL ADVISORS LLC | Moderate Conviction | Market Mover | $228,558,296 (4.3%) | 8,740,279 | 6.6% |
| GEODE CAPITAL MANAGEMENT, LLC | High Conviction | Market Mover | $220,085,111 (4.1%) | 8,394,726 | 17.8% |
| STATE STREET CORP | High Conviction | Market Mover | $201,540,273 (3.8%) | 7,707,085 | 11.4% |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | Moderate Conviction | Significant Flow | $171,755,991 (3.2%) | 3,194,866 | 297,890.9% |
| JANE STREET GROUP, LLC | Moderate Conviction | Market Mover | $157,620,798 (2.9%) | 6,027,564 | - |
| Marex Group plc | High Conviction | Significant Flow | $120,097,955 (2.2%) | 4,592,656 | 83.9% |
| CLEAR STREET GROUP INC. | High Conviction | Significant Flow | $111,954,792 (2.1%) | 4,281,254 | 48.6% |
| GOLDMAN SACHS GROUP INC | High Conviction | Market Mover | $92,780,540 (1.7%) | 3,548,013 | 335.6% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $91,983,933 (1.7%) | 3,517,550 | -65.7% |
| UNICOM Systems, Inc. | Elite Conviction | Low Flow | $81,623,198 (1.5%) | 3,121,346 | 5.8% |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | High Conviction | Market Mover | $80,060,186 (1.5%) | 3,061,575 | 5.5% |
| NORTHERN TRUST CORP | High Conviction | Market Mover | $74,213,544 (1.4%) | 2,837,994 | 7.6% |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $66,708,049 (1.2%) | 2,550,977 | -57.4% |
| SHAW D E & CO INC | Moderate Conviction | Market Mover | $58,794,954 (1.1%) | 2,248,373 | -83.9% |
| PARALLAX VOLATILITY ADVISERS, LLC | Moderate Conviction | Significant Flow | $54,859,719 (1.0%) | 2,097,886 | 32.8% |
| TRYBE CAPITAL MANAGEMENT LP | High Conviction | Minimal Flow | $50,650,510 (0.9%) | 1,936,922 | NEW |
| RENAISSANCE TECHNOLOGIES LLC | High Conviction | Significant Flow | $44,777,743 (0.8%) | 1,712,342 | -19.6% |
| Nuveen, LLC | High Conviction | Market Mover | $43,657,686 (0.8%) | 1,669,510 | 33.0% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $39,465,633 (0.7%) | 1,509,202 | -48.5% |
| ALLIANCEBERNSTEIN L.P. | High Conviction | Market Mover | $38,860,364 (0.7%) | 1,486,056 | 341.5% |
| Bank of New York Mellon Corp | High Conviction | Market Mover | $32,462,000 (0.6%) | 1,241,377 | 24.9% |
| QUADRATURE CAPITAL LTD | Moderate Conviction | Significant Flow | $29,308,972 (0.5%) | 1,120,802 | NEW |
| WALLEYE TRADING LLC | Moderate Conviction | Significant Flow | $28,929,745 (0.5%) | 1,106,300 | 23.9% |
| CANTOR FITZGERALD, L. P. | Moderate Conviction | Moderate Flow | $27,457,500 (0.5%) | 1,050,000 | NEW |
| LPL FINANCIAL LLC | High Conviction | Market Mover | $25,230,409 (0.5%) | 964,834 | 13.7% |
| SCULPTOR CAPITAL LP | Moderate Conviction | Moderate Flow | $25,030,780 (0.5%) | 957,200 | 5.8% |
| FMR LLC | High Conviction | Market Mover | $24,307,969 (0.5%) | 929,559 | -24.9% |
| Invesco Ltd. | Moderate Conviction | Market Mover | $22,071,463 (0.4%) | 844,033 | 6.6% |
| MUBADALA INVESTMENT CO PJSC | High Conviction | Moderate Flow | $19,477,566 (0.4%) | 744,840 | NEW |
| CAPITAL FUND MANAGEMENT S.A. | Moderate Conviction | Significant Flow | $19,283,010 (0.4%) | 737,400 | -24.5% |
| UBS GLOBAL ASSET MANAGEMENT AMERICAS INC | Moderate Conviction | Market Mover | $17,756,845 (0.3%) | 679,038 | 13.3% |
| SWISS NATIONAL BANK | High Conviction | Market Mover | $17,460,355 (0.3%) | 667,700 | 18.0% |
| BARCLAYS PLC | High Conviction | Market Mover | $17,189,887 (0.3%) | 657,357 | -4.5% |
| QVT FINANCIAL LP | Elite Conviction | Low Flow | $16,775,225 (0.3%) | 641,500 | 2,615.5% |
| Erste Asset Management GmbH (CIK 0002024532) | High Conviction | Moderate Flow | $15,735,109 (0.3%) | 601,725 | 3.4% |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $15,319,751 (0.3%) | 585,841 | 43.5% |
| TWO SIGMA INVESTMENTS, LP | Moderate Conviction | Significant Flow | $14,889,339 (0.3%) | 569,382 | -46.2% |
| RAYMOND JAMES FINANCIAL INC | Moderate Conviction | Market Mover | $14,405,552 (0.3%) | 550,167 | -2.4% |
| EMERALD ADVISERS, LLC | High Conviction | Low Flow | $14,206,563 (0.3%) | 543,272 | 5.1% |
| WALLEYE TRADING ADVISORS, LLC | Moderate Conviction | Significant Flow | $14,183,525 (0.3%) | 542,391 | -40.6% |
| POINT72 ASSET MANAGEMENT, L.P. | Moderate Conviction | Market Mover | $14,088,600 (0.3%) | 538,761 | 856.0% |
| FOUNDATIONS INVESTMENT ADVISORS, LLC | High Conviction | Moderate Flow | $12,317,487 (0.2%) | 471,032 | 21.3% |
| M&T BANK CORP | High Conviction | Significant Flow | $11,828,259 (0.2%) | 55,557 | NEW |
| TUDOR INVESTMENT CORP ET AL | Moderate Conviction | Significant Flow | $11,125,073 (0.2%) | 425,433 | -65.3% |
| VONTOBEL HOLDING LTD. | High Conviction | Significant Flow | $11,074,499 (0.2%) | 423,499 | 384.1% |
| RHUMBLINE ADVISERS | High Conviction | Market Mover | $11,033,168 (0.2%) | 421,919 | - |
| STIFEL FINANCIAL CORP | High Conviction | Market Mover | $10,466,469 (0.2%) | 400,246 | 11.1% |
| MCGUIRE INVESTMENT GROUP, LLC | High Conviction | Low Flow | $10,222,427 (0.2%) | 390,915 | 4.5% |
| SIMPLEX TRADING, LLC | Moderate Conviction | Market Mover | $10,095,992 (0.2%) | 386,080 | 90,781.2% |
| KRANOT HISHTALMUT LE MORIM VE GANANOT HAVERA MENAHELET LTD | High Conviction | Low Flow | $9,946,153 (0.2%) | 380,350 | NEW |
| BALYASNY ASSET MANAGEMENT LLC | Moderate Conviction | Market Mover | $9,510,755 (0.2%) | 363,700 | 164.5% |
| EMERALD MUTUAL FUND ADVISERS TRUST | High Conviction | Low Flow | $9,378,436 (0.2%) | 358,640 | 5.8% |
| NOMURA HOLDINGS INC | Moderate Conviction | Significant Flow | $8,940,685 (0.2%) | 341,900 | NEW |
| LEGAL & GENERAL GROUP PLC | High Conviction | Market Mover | $8,782,112 (0.2%) | 335,836 | 8.6% |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | High Conviction | Market Mover | $8,393,313 (0.2%) | 320,968 | 16.5% |
| AQR CAPITAL MANAGEMENT LLC | High Conviction | Market Mover | $8,215,180 (0.2%) | 314,156 | 64.0% |
| ROYAL BANK OF CANADA | High Conviction | Market Mover | $7,843,000 (0.1%) | 299,947 | -81.8% |
| DEUTSCHE BANK AG\\ | Moderate Conviction | Market Mover | $7,137,277 (0.1%) | 272,936 | 16.0% |
| KESTRA ADVISORY SERVICES, LLC | High Conviction | Significant Flow | $6,855,406 (0.1%) | 262,157 | 45.8% |
| WELLINGTON MANAGEMENT GROUP LLP | High Conviction | Market Mover | $6,785,977 (0.1%) | 259,502 | NEW |
| OSAIC HOLDINGS, INC. | Moderate Conviction | Market Mover | $6,634,412 (0.1%) | 253,718 | -23.8% |
| NEUBERGER BERMAN GROUP LLC | High Conviction | Market Mover | $6,034,034 (0.1%) | 230,747 | 97.3% |
| GROUP ONE TRADING, L.P. | Moderate Conviction | Significant Flow | $5,806,477 (0.1%) | 222,045 | 35.3% |
| PEAK6 LLC | Moderate Conviction | Significant Flow | $5,786,995 (0.1%) | 221,300 | -66.0% |
| STATE OF WISCONSIN INVESTMENT BOARD | High Conviction | Significant Flow | $5,493,409 (0.1%) | 210,073 | 5.6% |
| HEADLANDS TECHNOLOGIES LLC | High Conviction | Moderate Flow | $5,454,158 (0.1%) | 208,572 | 94.3% |
| RUSSELL INVESTMENTS GROUP, LTD. | Moderate Conviction | Market Mover | $5,216,650 (0.1%) | 199,489 | 19.0% |
| CETERA INVESTMENT ADVISERS | High Conviction | Significant Flow | $5,165,687 (0.1%) | 198,560 | 3.1% |
| JANUS HENDERSON GROUP PLC | High Conviction | Market Mover | $5,056,335 (0.1%) | 193,330 | 53.1% |
| SBI SECURITIES CO., LTD. | High Conviction | Moderate Flow | $5,022,369 (0.1%) | 192,060 | 2.0% |
| SLT Holdings LLC | High Conviction | Minimal Flow | $5,009,582 (0.1%) | 191,571 | 5.9% |
| METLIFE INVESTMENT MANAGEMENT, LLC | High Conviction | Significant Flow | $4,827,552 (0.1%) | 184,610 | 8.6% |
| BREVAN HOWARD CAPITAL MANAGEMENT LP | High Conviction | Significant Flow | $4,746,225 (0.1%) | 181,500 | 128.7% |
| MARINER, LLC | High Conviction | Market Mover | $4,722,929 (0.1%) | 180,604 | 53.3% |
| HIGHTOWER ADVISORS, LLC | High Conviction | Significant Flow | $4,473,714 (0.1%) | 171,079 | 14.0% |
| CREATIVE PLANNING | High Conviction | Significant Flow | $4,284,706 (0.1%) | 163,851 | 31.8% |
| RB CAPITAL MANAGEMENT, LLC | High Conviction | Low Flow | $4,193,153 (0.1%) | 160,350 | NEW |
| NORGES BANK | High Conviction | Market Mover | $4,157,981 (0.1%) | 159,005 | NEW |
| FEDERATED HERMES, INC. | High Conviction | Significant Flow | $4,119,462 (0.1%) | 157,532 | -9.6% |
| PRUDENTIAL FINANCIAL INC | High Conviction | Significant Flow | $4,110,702 (0.1%) | 157,197 | 227.2% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | High Conviction | Significant Flow | $4,105,942 (0.1%) | 157,015 | 15.7% |
| ROCKEFELLER CAPITAL MANAGEMENT L.P. | High Conviction | Market Mover | $4,083,767 (0.1%) | 156,167 | -9.3% |
| Universal- Beteiligungs- und Servicegesellschaft mbH (CIK 0002057170) | High Conviction | Significant Flow | $4,073,772 (0.1%) | 155,532 | -34.2% |
| HARVEST INVESTMENT SERVICES, LLC | High Conviction | Low Flow | $3,923,781 (0.1%) | 150,049 | 3.7% |
| ZURCHER KANTONALBANK | High Conviction | Significant Flow | $3,691,622 (0.1%) | 141,171 | 4.6% |
| JONES FINANCIAL COS LP | Elite Conviction | Market Mover | $3,522,170 (0.1%) | 134,691 | 25.8% |
| ARKADIOS WEALTH ADVISORS | High Conviction | Significant Flow | $3,492,829 (0.1%) | 133,569 | -15.4% |
| BNP PARIBAS FINANCIAL MARKETS | Moderate Conviction | Market Mover | $3,490,685 (0.1%) | 133,487 | 28.0% |
| CITIGROUP INC | Moderate Conviction | Market Mover | $3,454,206 (0.1%) | 132,092 | -43.6% |
| COMMONWEALTH EQUITY SERVICES, LLP | Moderate Conviction | Market Mover | $3,400,360 (0.1%) | 130,033 | 105,239.5% |
| SEGESPAR | High Conviction | Market Mover | $3,394,166 (0.1%) | 129,796 | -10.7% |
| KRANOT HISHTALMUT LE MORIM TICHONIIM HAVERA MENAHELET LTD | High Conviction | Minimal Flow | $3,390,348 (0.1%) | 129,650 | NEW |
| VERITION FUND MANAGEMENT LLC | High Conviction | Significant Flow | $3,359,151 (0.1%) | 128,457 | -9.6% |
| YARBROUGH CAPITAL, LLC | High Conviction | Low Flow | $3,165,719 (0.1%) | 121,060 | 5.8% |
| MILLENNIUM MANAGEMENT, L.L.C. | Moderate Conviction | Market Mover | $3,138,000 (0.1%) | 120,000 | -58.7% |
| BOUVEL INVESTMENT PARTNERS, LLC | High Conviction | Minimal Flow | $3,134,627 (0.1%) | 119,871 | -14.5% |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 506 | $5.37B | 210,458,299 | $25.53 |
| Q3 25 | 452 | $5.31B | 227,944,414 | $23.30 |
| Q2 25 | 351 | $2.59B | 183,005,359 | $14.13 |
| Q1 25 | 272 | $0.88B | 122,171,331 | $7.20 |
| Q4 24 | 195 | $0.85B | 104,919,701 | $8.09 |
| Q3 24 | 89 | $0.08B | 86,455,986 | $0.92 |
| Q2 24 | 79 | $0.09B | 82,223,520 | $1.09 |
| Q1 24 | 58 | $0.14B | 67,856,788 | $2.02 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.