DaveManuel.com · Institutional Ownership · Who Owns It
D-WAVE QUANTUM INC (QBTS)
Institutional ownership reported to the SEC as of Q2 2026, across 18 quarters.
573
Reporting holders
$5.7B
Reported value
54.1%
Of shares outstanding
8.3%
Calls
7.8%
Puts
+67
Holder change
Institutions report 199,680,103 shares against 369,263,837 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BlackRock, Inc. | $795.2M | 33,147,399 | 0.01% | 8q | +9.9%+$71.8M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $528.3M | 22,021,534 | 0.02% | 2q | +5.9%+$29.5M |
| VANGUARD CAPITAL MANAGEMENT LLC | $382.4M | 15,940,671 | 0.01% | 2q | +0.6%+$2.1M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $293.0M incl. $256.6M options CALL+PUT | 1,516,874 | 0.02% | 16q | -12.5%-$42.0M |
| UBS Group AG | $279.8M incl. $396.9K options CALL | 11,645,700 | 0.04% | 9q | +18.0%+$42.7M |
| GEODE CAPITAL MANAGEMENT, LLC | $222.4M | 9,270,389 | 0.01% | 15q | +2.6%+$5.5M |
| STATE STREET CORP | $216.6M | 9,029,667 | 0.01% | 15q | +6.6%+$13.4M |
| JANE STREET GROUP, LLC | $177.1M incl. $176.7M options CALL+PUT | 13,373 | 0.01% | 11q | -99.4%-$31.4B |
| Clear Street Group Inc. | $148.9M | 6,206,861 | 0.38% | 4q | +8.7%+$11.9M |
| CITADEL ADVISORS LLC | $147.0M incl. $107.7M options CALL+PUT | 1,635,086 | 0.02% | 13q | +111.2%+$77.4M |
| NORGES BANK | $107.4M | 4,477,459 | 0.01% | 2q | +2715.9%+$103.6M |
| BANK OF AMERICA CORP /DE/ | $104.2M | 4,342,782 | 0.01% | 10q | +11.8%+$11.0M |
| IMC-Chicago, LLC | $87.0M CALL+PUT | options only | 0.02% | 7q | OPTIONS |
| NORTHERN TRUST CORP | $80.8M | 3,367,998 | 0.01% | 15q | +8.0%+$6.0M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $78.8M | 3,284,474 | 0.01% | 15q | +1.5%+$1.2M |
| UNICOM Systems, Inc. | $74.9M | 3,121,346 | 4.89% | 7q | HELD |
| MORGAN STANLEY | $69.9M | 2,915,783 | 0.00% | 16q | +24.5%+$13.8M |
| Penserra Capital Management LLC | $68.6M | 2,860,784 | 0.53% | 9q | +82.2%+$31.0M |
| Defiance ETFs, LLC | $68.4M | 2,912,047 | 0.93% | 3q | +751.8%+$60.4M |
| JPMORGAN CHASE & CO | $65.8M | 2,744,938 | 0.00% | 9q | +100.7%+$33.0M |
| GOLDMAN SACHS GROUP INC | $64.3M | 2,681,329 | 0.01% | 9q | -37.3%-$38.3M |
| VANGUARD FIDUCIARY TRUST CO | $62.3M | 2,598,897 | 0.01% | 2q | +2.4%+$1.5M |
| VAN ECK ASSOCIATES CORP | $56.1M | 2,339,788 | 0.03% | 5q | +52.6%+$19.4M |
| Bank of New York Mellon Corp | $55.0M | 2,290,584 | 0.01% | 9q | +60.3%+$20.7M |
| PRICE T ROWE ASSOCIATES INC /MD/ | $54.5M | 2,269,777 | 0.01% | 8q | +453.2%+$44.6M |
| SIMPLEX TRADING, LLC | $50.6M incl. $47.7M options CALL+PUT | 122,302 | 0.03% | 16q | +40397.4%+$50.5M |
| PeakShares LLC | $48.0M | 2,000,000 | 0.04% | 2q | +99900.0%+$47.9M |
| Marex Group Ltd | $46.7M incl. $3.0M options PUT | 1,820,485 | 0.20% | 7q | +83.3%+$21.2M |
| WELLINGTON MANAGEMENT GROUP LLP | $43.7M | 1,820,070 | 0.01% | 3q | +372.2%+$34.4M |
| GROUP ONE TRADING LLC | $42.3M incl. $37.5M options CALL+PUT | 197,023 | 0.06% | 13q | -7.7%-$3.5M |
| Nuveen, LLC | $39.8M | 1,660,867 | 0.01% | 6q | +14.3%+$5.0M |
| Clearbridge Investments, LLC | $34.8M | 1,449,909 | 0.03% | new | NEW |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $33.7M | 1,405,944 | 0.05% | 3q | +103.7%+$17.2M |
| FRANKLIN RESOURCES INC | $33.0M | 1,375,100 | 0.01% | 5q | +1395.7%+$30.8M |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $31.5M | 1,313,161 | 0.10% | new | NEW |
| Parallax Volatility Advisers, L.P. | $31.2M CALL+PUT | options only | 0.05% | 5q | OPTIONS |
| LPL Financial LLC | $30.0M incl. $359.9K options PUT | 1,234,628 | 0.01% | 8q | +18.4%+$4.7M |
| Walleye Trading LLC | $28.4M CALL+PUT | options only | 0.03% | 6q | OPTIONS |
| Aristides Capital LLC | $28.1M PUT | options only | 5.47% | 4q | OPTIONS |
| EMERALD ADVISERS, LLC | $27.5M | 1,147,775 | 0.65% | 5q | +112.4%+$14.6M |
| VOYA INVESTMENT MANAGEMENT LLC | $26.0M | 1,085,151 | 0.02% | 9q | +170.7%+$16.4M |
| Squarepoint Ops LLC | $21.7M CALL+PUT | options only | 0.02% | 2q | OPTIONS |
| FMR LLC | $21.2M | 881,996 | 0.00% | 10q | +5.7%+$1.1M |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $20.2M | 843,254 | 0.09% | 2q | -60.3%-$30.7M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $19.2M | 799,873 | 0.00% | 6q | +3.4%+$622.5K |
| Mubadala Investment Co PJSC | $17.9M | 744,840 | 0.05% | 3q | HELD |
| EMERALD MUTUAL FUND ADVISERS TRUST | $17.9M | 744,084 | 0.63% | 5q | +107.5%+$9.2M |
| Swiss National Bank | $17.2M | 717,400 | 0.01% | 6q | +4.5%+$746.1K |
| Point72 Asset Management, L.P. | $16.2M CALL+PUT | options only | 0.02% | 5q | OPTIONS |
| WELLS FARGO & COMPANY/MN | $16.1M | 672,728 | 0.00% | 15q | +90.1%+$7.6M |
| LORD, ABBETT & CO. LLC | $14.0M | 583,049 | 0.04% | new | NEW |
| Foundations Investment Advisors, LLC | $13.7M | 569,752 | 0.14% | 6q | +2.5%+$327.2K |
| RAYMOND JAMES FINANCIAL INC | $12.6M | 525,038 | 0.00% | 7q | +8.8%+$1.0M |
| STIFEL FINANCIAL CORP | $12.1M | 504,288 | 0.01% | 6q | +22.6%+$2.2M |
| D. E. Shaw & Co., Inc. | $12.0M CALL+PUT | options only | 0.01% | 7q | OPTIONS |
| Telemark Asset Management, LLC | $12.0M | 500,000 | 0.87% | 2q | HELD |
| DEUTSCHE BANK AG\ | $11.9M | 495,858 | 0.00% | 9q | +43.9%+$3.6M |
| Cambridge Investment Research Advisors, Inc. | $11.8M | 489,918 | 0.01% | 7q | +123.8%+$6.5M |
| Eurizon Capital SGR S.p.A. | $11.7M | 488,648 | 0.03% | 3q | -15.4%-$2.1M |
| Invesco Ltd. | $11.5M | 480,849 | 0.00% | 9q | -23.7%-$3.6M |
| RHUMBLINE ADVISERS | $11.2M | 467,185 | 0.01% | 9q | +1.0%+$108.3K |
| PEAK6 LLC | $10.8M incl. $10.3M options CALL+PUT | 19,947 | 0.02% | 7q | -35.5%-$5.9M |
| BNP PARIBAS FINANCIAL MARKETS | $10.6M incl. $4.3M options PUT | 261,659 | 0.00% | 7q | -31.1%-$4.8M |
| Quantinno Capital Management LP | $10.2M | 424,320 | 0.01% | 3q | +511.3%+$8.5M |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $9.9M | 413,613 | 0.01% | 9q | +1.6%+$153.0K |
| McGuire Investment Group, LLC | $9.8M | 408,581 | 0.86% | 6q | +7.6%+$688.3K |
| Corient Private Wealth LP | $9.2M | 383,539 | 0.01% | 14q | +521.9%+$7.7M |
| Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD | $9.2M | 382,528 | 0.38% | 3q | -51.0%-$9.6M |
| ROYAL BANK OF CANADA | $8.8M | 366,806 | 0.00% | 16q | +52.4%+$3.0M |
| VANGUARD ASSET MANAGEMENT, Ltd | $8.4M | 348,991 | 0.01% | 2q | +8.5%+$652.6K |
| Vontobel Holding Ltd. | $8.1M incl. $6.3M options CALL+PUT | 77,903 | 0.03% | 7q | -70.9%-$19.8M |
| Creative Planning | $8.1M | 336,147 | 0.00% | 7q | +80.9%+$3.6M |
| CANTOR FITZGERALD, L. P. | $7.7M CALL | options only | 0.04% | 3q | OPTIONS |
| ALGERT GLOBAL LLC | $7.5M | 313,200 | 0.09% | 6q | HELD |
| CITIGROUP INC | $7.1M | 295,351 | 0.00% | 10q | +179.9%+$4.6M |
| Legal & General Group Plc | $6.7M | 280,646 | 0.00% | 9q | +1.1%+$75.2K |
| WINTON GROUP Ltd | $6.7M | 280,100 | 0.22% | new | NEW |
| ALLIANCEBERNSTEIN L.P. | $6.5M | 453,655 | 0.00% | 9q | +9.9%+$587.4K |
| Cetera Investment Advisers | $6.5M incl. $1.1K options CALL+PUT | 268,928 | 0.01% | 9q | +47.5%+$2.1M |
| Kestra Advisory Services, LLC | $6.0M | 250,598 | 0.02% | 7q | -2.1%-$128.9K |
| OSAIC HOLDINGS, INC. | $6.0M | 249,978 | 0.01% | 10q | +8.0%+$446.4K |
| Russell Investments Group, Ltd. | $5.9M | 247,509 | 0.01% | 7q | +45.0%+$1.8M |
| JENNISON ASSOCIATES LLC | $5.7M | 239,215 | 0.00% | new | NEW |
| Nicholas Investment Partners, LP | $5.5M | 230,711 | 0.31% | new | NEW |
| VICTORY CAPITAL MANAGEMENT INC | $5.5M | 227,400 | 0.00% | 9q | +455.2%+$4.5M |
| CAPITAL FUND MANAGEMENT S.A. | $5.4M CALL+PUT | options only | 0.02% | 4q | OPTIONS |
| FEDERATED HERMES, INC. | $5.3M | 222,039 | 0.01% | 6q | +36.8%+$1.4M |
| Walleye Capital LLC | $5.2M incl. $4.9M options CALL+PUT | 12,723 | 0.02% | 6q | -97.6%-$209.7M |
| MetLife Investment Management, LLC | $5.2M | 215,128 | 0.02% | 7q | +8.0%+$382.8K |
| MILLENNIUM MANAGEMENT LLC | $5.1M CALL+PUT | options only | 0.00% | 7q | OPTIONS |
| Balyasny Asset Management L.P. | $5.0M incl. $3.9M options CALL+PUT | 43,125 | 0.01% | 4q | +11.8%+$525.1K |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $4.9M | 204,727 | 0.00% | 7q | +11.6%+$509.7K |
| STATE OF WISCONSIN INVESTMENT BOARD | $4.7M | 197,678 | 0.01% | 6q | -8.8%-$457.5K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $4.6M | 190,617 | 0.01% | 8q | +9.2%+$385.0K |
| SLT Holdings LLC | $4.5M | 186,171 | 2.79% | 6q | -4.5%-$212.3K |
| AMERICAN CENTURY COMPANIES INC | $4.5M | 186,134 | 0.00% | new | NEW |
| SBI Securities Co., Ltd. | $4.4M | 183,857 | 0.10% | 7q | HELD |
| CASTLEARK MANAGEMENT LLC | $4.3M | 179,690 | 0.12% | new | NEW |
| Focus Partners Wealth | $4.2M | 176,257 | 0.00% | 7q | +0.7%+$31.3K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $4.2M | 174,031 | 0.01% | 7q | +9.2%+$352.1K |
Showing the largest 100 of 573 reported holders.
Tender offers and delisting
Schedules TO, 13E-3 and 14D-9 and Form 25 filed in the last 180 days. Price a share is read from the filing itself where it states one plainly; a marker means we found no figure we could stand behind, and the reason is on it.
| Filed | What | Filed by | Price a share | Source |
|---|---|---|---|---|
| 2026-07-24 | Delisting notice | itself | - | filing |
What the company announced
Form 8-K filings from the last 120 days, showing only the items worth a reader's attention. Earnings releases, exhibit attachments and general disclosures are filed constantly and are left out. Filed is when the SEC received it; event is the date the company says the thing happened.
| Filed | Event date | What | Source |
|---|---|---|---|
| 2026-09-22 | 2026-08-19 | Directors or officers departed or appointed | filing |
| 2026-09-21 | 2026-09-18 | Directors or officers departed or appointed | filing |
| 2026-09-09 | 2026-09-04 | Material agreement entered | filing |
| 2026-09-08 | 2026-09-04 | Material agreement entered | filing |
| 2026-08-25 | 2026-08-19 | Directors or officers departed or appointed | filing |
| 2026-08-17 | 2026-08-13 | Directors or officers departed or appointed | filing |
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-08 | BARATZ ALAN E | President & CEO | Sold | 687,627 | $18.0M |
| 2026-05-22 | Markovich John M. | Chief Financial Officer | Sold | 328,752 | $9.1M |
| 2026-06-15 | Markovich John M. | Chief Financial Officer | Sold | 200,000 | $5.1M ×2 |
| 2026-06-08 | Markovich John M. | Chief Financial Officer | Sold | 50,979 | $1.3M |
| 2026-06-12 | Markovich John M. | Chief Financial Officer | Sold | 46,043 | $1.1M |
| 2026-05-21 | Nguyen Diane | EVP, Chief Legal Officer & GC | Sold | 40,000 | $1.0M |
| 2026-05-20 | AMES SOPHIE C | Exec. Vice President & CHRO | Sold | 23,025 | $436.9K |
| 2026-06-15 | Ghai Rohit | Director | Sold | 13,518 | $357.1K |
| 2026-06-05 | DiLullo John D | Director | Sold | 7,850 | $191.8K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 152 | $140.9M | 8,251,906 | 23 | 50 | 33 | 3.9% |
| Q2 2026 | 573 | $5.7B | 199,680,103 | 130 | 237 | 97 | 16.1% |
| Q1 2026 | 506 | $3.0B | 175,556,383 | 74 | 166 | 148 | 16.3% |
| Q4 2025 | 527 | $5.8B | 169,404,875 | 111 | 174 | 148 | 23.2% |
| Q3 2025 | 469 | $5.7B | 184,273,432 | 141 | 180 | 92 | 19.9% |
| Q2 2025 | 367 | $2.8B | 159,132,234 | 129 | 137 | 60 | 16.7% |
| Q1 2025 | 278 | $927.2M | 93,805,479 | 121 | 104 | 32 | 23.1% |
| Q4 2024 | 200 | $886.1M | 91,819,541 | 104 | 51 | 18 | 13.0% |
| Q3 2024 | 90 | $84.6M | 85,166,870 | 21 | 26 | 15 | 1.1% |
| Q2 2024 | 80 | $93.9M | 81,390,894 | 36 | 20 | 6 | 1.0% |
| Q1 2024 | 60 | $139.0M | 67,094,071 | 22 | 17 | 7 | 1.6% |
| Q4 2023 | 52 | $65.5M | 73,810,548 | 11 | 9 | 10 | 0.9% |
| Q3 2023 | 50 | $72.3M | 74,281,575 | 19 | 13 | 4 | 0.9% |
| Q2 2023 | 40 | $152.3M | 72,091,355 | 20 | 14 | 3 | 1.1% |
| Q1 2023 | 30 | $47.2M | 70,914,859 | 12 | 7 | 3 | 0.2% |
| Q4 2022 | 28 | $104.7M | 71,802,911 | 10 | 6 | 0 | 0.9% |
| Q3 2022 | 24 | $563.6M | 70,621,847 | 26 | 0 | 0 | 1.1% |
| Q2 2022 | 1 | $41.8K | 20,001 | 1 | 0 | 0 | 0.0% |