Vault-13

D-WAVE QUANTUM INC QBTS

COM · Common Stock · CUSIP 26740W109 · ISIN US26740W1099

Canadian Quantum Computing Company

60 institutional holders +8 vs Q4 2023
67,090,69667.1m shares reported held*
57.4% of all shares outstanding*
$136.8mreported value*
21 new 17 added 7 reduced 13 sold out net sold ≈ $13.7m (-6.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($6.1k this quarter). Holder counts are more reliable. Shares outstanding: 116.8m as of 2024-03-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $2.04. Options: 7 managers hold calls ($994.8k notional), 6 hold puts ($1.2m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 21Q4 22: 25Q1 23: 30Q2 23: 40Q3 23: 50Q4 23: 52Q1 24: 6060Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202221
Q4 202225
Q1 202330
Q2 202340
Q3 202350
Q4 202352
Q1 202460

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 15 bought or addedQ4 22: 8 cut or sold outQ4 22Q1 23: 19 bought or addedQ1 23: 10 cut or sold outQ1 23Q2 23: 32 bought or addedQ2 23: 9 cut or sold outQ2 23Q3 23: 35 bought or addedQ3 23: 13 cut or sold outQ3 23Q4 23: 22 bought or addedQ4 23: 19 cut or sold outQ4 23Q1 24: 38 bought or addedQ1 24: 20 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022158
Q1 20231910
Q2 2023329
Q3 20233513
Q4 20232219
Q1 20243820

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5mQ2 23 calls: $1.2mQ2 23 puts: $419.7kQ2 23P/C 0.34Q3 23 calls: $351.2kQ3 23 puts: $290.7kQ3 23P/C 0.83Q4 23 calls: $319.0kQ4 23 puts: $251.6kQ4 23P/C 0.79Q1 24 calls: $994.8kQ1 24 puts: $1.2mQ1 24P/C 1.19
Numbers
QuarterCallsPutsP/C
Q2 2023$1.2m$419.7k0.34
Q3 2023$351.2k$290.7k0.83
Q4 2023$319.0k$251.6k0.79
Q1 2024$994.8k$1.2m1.19

Biggest buyers

MYDA Advisors LLC New +300,000+300.0k
MILLENNIUM MANAGEMENT LLC New +226,386+226.4k
HRT FINANCIAL LP Added +208,726+208.7k
JANE STREET GROUP, LLC Added +165,924+165.9k
VANGUARD GROUP INC Added +162,688+162.7k
Cubist Systematic Strategies, LLC New +102,865+102.9k
Balyasny Asset Management L.P. New +92,522+92.5k
Virtu Financial LLC Added +85,351+85.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +82,543+82.5k
Vontobel Holding Ltd. New +80,300+80.3k

Biggest sellers

GOLDMAN SACHS GROUP INC Sold out -7,939,415-7.9m
CIBC Private Wealth Group LLC Reduced -225,096-225.1k
Arete Wealth Advisors, LLC Sold out -159,671-159.7k
GROUP ONE TRADING LLC Reduced -90,663-90.7k
Baader Bank Aktiengesellschaft Sold out -85,920-85.9k
Procyon Advisors, LLC Sold out -73,494-73.5k
Marex Group Ltd Sold out -48,440-48.4k
XTX Topco Ltd Sold out -45,646-45.6k
TWO SIGMA INVESTMENTS, LP Sold out -38,036-38.0k
Bank of New York Mellon Corp Sold out -25,747-25.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $413.5k202.7k shares
CITADEL ADVISORS LLC Added $296.6k145.4k shares
SIMPLEX TRADING, LLC Added $185.0k90.8k shares
GROUP ONE TRADING LLC Reduced $52.6k25.8k shares
JANE STREET GROUP, LLC New $42.0k20.6k shares
Cutler Group LLC / CA Reduced $5.0k5.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $690.1k338.3k shares
GROUP ONE TRADING LLC Reduced $261.3k128.1k shares
SIMPLEX TRADING, LLC Added $122.0k60.0k shares
CITADEL ADVISORS LLC Added $109.1k53.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA Reduced $0100 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution +1.2 pts · filed 2026-07-29 8.3% +1.2 pts 30.6m≈ $733.3m 2026-07-29
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 5.8% new 21.1m≈ $506.6m 2026-04-29
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 5.1% new 18.7m≈ $447.5m 2026-04-29

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)

Insider purchases and sales in Q1 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
202Q2 22: 0 buyingQ2 22: 0 sellingQ3 22: 0 buyingQ3 22: 0 sellingQ3 22Q4 22: 1 buyingQ4 22: 0 sellingQ1 23: 0 buyingQ1 23: 0 sellingQ1 23Q2 23: 0 buyingQ2 23: 2 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 1 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20220—0——
Q3 20220—0——
Q4 20221$63.7k0——
Q1 20230—0——
Q2 20230—2$89.8k—
Q3 20230—0——
Q4 20230—1$22.9k—
Q1 20240—0——

None reported in Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Public Sector Pension Investment Board 0.88% of their portfolio MONTREAL, A8 59,431,31159.4m $121.2m $121.2m 0.88% Unchanged
2 BlackRock Inc. 0.00% of their portfolio New York, NY 1,542,5281.5m $3.1m $3.1m 0.00% Added +65.2k +65,201
3 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 1,125,0001.1m $2.2m $2.2m 0.00% Reduced -225.1k -225,096
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,070,3371.1m $2.2m $2.2m 0.00% Added +162.7k +162,688
5 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 775,634775.6k $1.6m $1.6m 0.00% Added +68.7k +68,669
6 MYDA Advisors LLC 0.21% of their portfolio WOODMERE, NY 300,000300.0k $612.0k $612.0k 0.21% New
7 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio HOUSTON, TX 268,000268.0k $546.7k $546.7k 0.01% Added +65.0k +65,000
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 248,700248.7k $507.3k $507.3k 0.00% Added +2.2k +2,200
9 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 226,474226.5k $462.0k $462.0k 0.00% Added +208.7k +208,726
10 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 226,386226.4k $461.8k $461.8k 0.00% New
11 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 224,512224.5k $458.0k $458.0k 0.00% Added +82.5k +82,543
12 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 193,503193.5k $394.7k $394.7k 0.00% Added +165.9k +165,924
13 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 166,509166.5k $339.7k $339.7k 0.00% Added +9.3k +9,323
14 Virtu Financial LLC 0.02% of their portfolio New York, NY 124,689124.7k $254.0k $254.0k 0.02% Added +85.4k +85,351
15 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 102,865102.9k $209.8k $209.8k 0.00% New
16 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 92,52292.5k $188.7k $188.7k 0.00% New
17 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 87,18887.2k $177.9k $177.9k 0.01% Reduced -90.7k -90,663
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 86,77886.8k $177.0k $177.0k 0.00% Added +43.8k +43,760
19 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 80,30080.3k $163.8k $163.8k 0.00% New
20 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 47,84547.8k $97.0k $97.0k 0.00% Added +37.5k +37,525
21 Point72 Asia (Singapore) Pte. Ltd. 0.02% of their portfolio SINGAPORE, U0 44,99045.0k $91.8k $91.8k 0.02% New
22 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 43,60643.6k $89.0k $89.0k 0.00% Reduced -13.4k -13,430
23 Laidlaw Wealth Management LLC 0.05% of their portfolio NEW YORK CITY, NY 42,47042.5k $86.6k $86.6k 0.05% Added +7.2k +7,246
24 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 37,56837.6k $76.6k $76.6k 0.00% Added +768 +768
25 OMERS ADMINISTRATION Corp 0.00% of their portfolio TORONTO, A6 30,80030.8k $62.8k $62.8k 0.00% New
26 Carroll Investors, Inc 0.05% of their portfolio Mt Pleasant, SC 30,48530.5k $62.2k $62.2k 0.05% Added +9.4k +9,415
27 INSTRUMENTAL WEALTH, LLC 0.02% of their portfolio TAMPA, FL 29,17329.2k $40.8k $40.8k 0.02% New
28 Centiva Capital, LP 0.00% of their portfolio New York, NY 28,56328.6k $58.3k $58.3k 0.00% New
29 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 28,14828.1k $57.4k $57.4k 0.00% New
30 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 26,91726.9k $54.9k $54.9k 0.00% New
31 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 26,20026.2k $53.4k $53.4k 0.00% New
32 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 25,15725.2k $51.3k $51.3k 0.00% Unchanged
33 Gruss & Co., LLC 0.28% of their portfolio WEST PALM BEACH, FL 25,00025.0k $51.0k $51.0k 0.28% Unchanged
34 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 23,31023.3k $47.6k $47.6k 0.00% Unchanged
35 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 21,50021.5k $43.9k $43.9k 0.00% Reduced -12.5k -12,500
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 18,75018.8k $38.0k $38.0k 0.00% Added +15.5k +15,500
37 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 18,50018.5k $37.7k $37.7k 0.00% Reduced -10.6k -10,636
38 CWM, LLC 0.00% of their portfolio OMAHA, NE 18,50018.5k $38.0k $38.0k 0.00% Unchanged
39 Orion Portfolio Solutions, LLC 0.00% of their portfolio Omaha, NE 18,50018.5k $37.7k $37.7k 0.00% Reduced -10.6k -10,636
40 Delta Investment Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 17,85717.9k $36.4k $36.4k 0.01% New
41 Scientech Research LLC 0.02% of their portfolio JERSEY CITY, NJ 16,27716.3k $33.2k $33.2k 0.02% New
42 LMR Partners LLP 0.00% of their portfolio LONDON, X0 15,78415.8k $32.2k $32.2k 0.00% New
43 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 12,61512.6k $25.7k $25.7k 0.00% Unchanged
44 Schneider Downs Wealth Management Advisors, LP 0.01% of their portfolio Pittsburgh, PA 12,50012.5k $25.5k $25.5k 0.01% Unchanged
45 Jacobi Capital Management LLC 0.00% of their portfolio PITTSTON, PA 12,10012.1k $24.7k $24.7k 0.00% Unchanged
46 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11,50011.5k $23.5k $23.5k 0.00% New
47 CTC Alternative Strategies, Ltd. 0.01% of their portfolio CHICAGO, IL 11,00011.0k $22.4k $22.4k 0.01% New
48 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 10,00010.0k $20.4k $20.4k 0.00% Unchanged
49 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 9,0009.0k $18.4k $18.4k 0.00% Unchanged
50 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 2,4752.5k $6.1k $6.1k 0.00% Unchanged
51 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 770770 $1.5k $1.5k 0.00% Unchanged
52 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 699699 $1.4k $1.4k 0.00% New
53 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 612612 $1.2k $1.2k 0.00% Added +10 +10
54 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 500500 $1.0k $1.0k 0.00% New
55 Cutler Group LLC / CA 0.00% of their portfolio SAN FRANCISCO, CA 100100 $0 $0 0.00% Reduced -3.0k -3,042
56 FMR LLC 0.00% of their portfolio BOSTON, MA 9898 $200 $200 0.00% New
57 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.00% of their portfolio WALTHAM, MA 3535 $71 $71 0.00% Unchanged
58 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 2929 $59 $59 0.00% New
59 DUPONT CAPITAL MANAGEMENT CORP 0.00% of their portfolio Wilmington, DE 22 $4 $4 0.00% Unchanged
60 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged