D-Wave Quantum Inc. (QBTS) Institutional Ownership

Ownership Summary

D-Wave Quantum Inc. (NYSE:QBTS) is held by 494 institutional investors per 13F filings through December 2025.

• Collectively, these holders controlled 50.0% of D-Wave Quantum's outstanding shares in December 2025, down from 55.8% in September 2025.
• They decreased total shares held in QBTS by -3.77% quarter over quarter, and investors in D-Wave Quantum increased 152.04% from a year ago.
• Of these 494 funds, 310 grew their exposure to D-Wave Quantum, 136 cut back, and 48 maintained positions.
• Institutional investors collectively held 171.12Mn shares in D-Wave Quantum as of December 2025, down by 6.7Mn shares quarter on quarter, and up 76.14Mn shares year over year.
• BlackRock, Inc. holds the largest position in QBTS at 30.15Mn shares as of December 31, 2025, or 8.81% of shares outstanding.
• The most significant purchases of QBTS for the quarter ending December 2025 came from VANGUARD PORTFOLIO MANAGEMENT LLC (20.79Mn), VANGUARD CAPITAL MANAGEMENT LLC (15.85Mn), HRT FINANCIAL LP (3.36Mn), VANGUARD FIDUCIARY TRUST CO (2.54Mn), JANE STREET GROUP, LLC (2.37Mn).
• Leading sellers of D-Wave Quantum shares for the quarter ending December 2025 were Marex Group plc (3.6Mn), NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO (3.19Mn), Goldman Sachs Group Inc (2.82Mn), SG Americas Securities, LLC (1.29Mn), Defiance ETFs, LLC (1.15Mn).
• According to Business Quant data, leading holders of QBTS for December 2025 are BlackRock, Inc. (30.15Mn), VANGUARD PORTFOLIO MANAGEMENT LLC (20.79Mn), VANGUARD CAPITAL MANAGEMENT LLC (15.85Mn), UBS Group AG (9.87Mn), GEODE CAPITAL MANAGEMENT, LLC (9.04Mn), State Street Corp (8.47Mn), Clear Street Group Inc. (5.71Mn), Goldman Sachs Group Inc (4.28Mn), Bank Of America Corp /De/ (3.89Mn), HRT FINANCIAL LP (3.36Mn).