Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in QBTS held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 30.2M | $435.1M | +6.9% | 8.210% | 0.01% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 20.8M | $300.0M | — | 5.662% | 0.02% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 15.9M | $228.7M | — | 4.316% | 0.01% |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 12.8M | $184.8M | -0.5% | 3.488% | 0.02% |
| 5 | UBS Group AG | 10.0M | $143.7M | -3.0% | 2.712% | 0.02% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 9.0M | $131.9M | +7.7% | 2.461% | 0.01% |
| 7 | STATE STREET CORP | 8.5M | $122.2M | +9.9% | 2.306% | 0.00% |
| 8 | Clear Street Group Inc. | 5.7M | $82.4M | +33.4% | 1.554% | 0.34% |
| 9 | CITADEL ADVISORS LLC | 4.6M | $66.2M | — | 1.249% | 0.03% |
| 10 | GOLDMAN SACHS GROUP INC | 4.3M | $61.7M | +20.6% | 1.165% | 0.01% |
| 11 | BANK OF AMERICA CORP /DE/ | 3.9M | $56.1M | +10.5% | 1.058% | 0.00% |
| 12 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 3.2M | $46.7M | +5.7% | 0.881% | 0.01% |
| 13 | UNICOM Systems, Inc. | 3.1M | $45.0M | 0.0% | 0.850% | 4.62% |
| 14 | NORTHERN TRUST CORP | 3.1M | $45.0M | +9.9% | 0.849% | 0.01% |
| 15 | VANGUARD FIDUCIARY TRUST CO | 2.5M | $36.6M | — | 0.691% | 0.01% |
| 16 | MORGAN STANLEY | 2.3M | $33.8M | -8.2% | 0.638% | 0.00% |
| 17 | VOLORIDGE INVESTMENT MANAGEMENT, LLC | 2.1M | $30.7M | — | 0.578% | 0.12% |
| 18 | Nuveen, LLC | 1.5M | $21.0M | -13.0% | 0.396% | 0.01% |
| 19 | Bank of New York Mellon Corp | 1.4M | $20.6M | +15.1% | 0.389% | 0.00% |
| 20 | LPL Financial LLC | 1.1M | $15.2M | +9.1% | 0.287% | 0.00% |
| 21 | Marex Group plc | 993K | $14.3M | -78.4% | 0.270% | 0.04% |
| 22 | FMR LLC | 834K | $12.0M | -10.3% | 0.227% | 0.00% |
| 23 | Point72 Asset Management, L.P. | 832K | $12.0M | +54.4% | 0.226% | 0.02% |
| 24 | Walleye Capital LLC | 807K | $11.7M | +48.9% | 0.220% | 0.05% |
| 25 | Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD | 781K | $11.3M | +105.4% | 0.213% | 0.74% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in QBTS — a direct measure of their conviction.
Filings activity in QBTS during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 480 | 1.8% | 30.22% | 24.95 pp | $2.59B | 45% |
| Q4 2025 | 489 | +12% | 55.17% | +5.00 pp | $4.74B | +10.0% |
| Q3 2025 | 436 | +27% | 50.17% | +23.86 pp | $4.31B | +91% |
| Q2 2025 | 342 | +28% | 26.31% | +17.60 pp | $2.26B | +202% |
| Q1 2025 | 267 | +39% | 8.71% | 0.56 pp | $748M | 6.0% |
| Q4 2024 | 192 | +121% | 9.27% | +8.35 pp | $796M | +908% |
| Q3 2024 | 87 | +13% | 0.92% | 0.11 pp | $79M | 11% |
| Q2 2024 | 77 | — | 1.03% | — | $89M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying QBTS stock.
Based on Q1 2026 13F filings, institutional ownership of D-Wave Quantum Inc. stands at 30.2%, held across 480 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of QBTS, with approximately 30,153,928 shares worth $0.44B as of Q1 2026.
Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of QBTS, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC, Point72 Asset Management, L.P..
Our composite Smart Money Score for QBTS is 46 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
95 institutions opened new positions in QBTS during Q1 2026, while 104 fully exited. 36 added to existing positions and 347 trimmed.
QBTS institutional ownership fell by 24.95 percentage points quarter-over-quarter, with a net change of -9 holders.
The top 10 institutions account for 67.7% of all reported 13F value in QBTS, and the top 25 account for 83.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
D-Wave Quantum Inc. (QBTS) Institutional Ownership