D-WAVE QUANTUM INC QBTS
COM · Common Stock · CUSIP 26740W109 · ISIN US26740W1099
Canadian Quantum Computing Company
- SectorTechnology
- IndustryServices-Computer Processing & Data Preparation
- HeadquartersPalo Alto, CA
- Founded1999
- Websitedwavequantum.com
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 21 |
| Q4 2022 | 25 |
| Q1 2023 | 30 |
| Q2 2023 | 40 |
| Q3 2023 | 50 |
| Q4 2023 | 52 |
| Q1 2024 | 60 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 15 | 8 |
| Q1 2023 | 19 | 10 |
| Q2 2023 | 32 | 9 |
| Q3 2023 | 35 | 13 |
| Q4 2023 | 22 | 19 |
| Q1 2024 | 38 | 20 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $1.2m | $419.7k | 0.34 |
| Q3 2023 | $351.2k | $290.7k | 0.83 |
| Q4 2023 | $319.0k | $251.6k | 0.79 |
| Q1 2024 | $994.8k | $1.2m | 1.19 |
Biggest buyers
| MYDA Advisors LLC | New | +300.0k |
| MILLENNIUM MANAGEMENT LLC | New | +226.4k |
| HRT FINANCIAL LP | Added | +208.7k |
| JANE STREET GROUP, LLC | Added | +165.9k |
| VANGUARD GROUP INC | Added | +162.7k |
| Cubist Systematic Strategies, LLC | New | +102.9k |
| Balyasny Asset Management L.P. | New | +92.5k |
| Virtu Financial LLC | Added | +85.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +82.5k |
| Vontobel Holding Ltd. | New | +80.3k |
Biggest sellers
| GOLDMAN SACHS GROUP INC | Sold out | -7.9m |
| CIBC Private Wealth Group LLC | Reduced | -225.1k |
| Arete Wealth Advisors, LLC | Sold out | -159.7k |
| GROUP ONE TRADING LLC | Reduced | -90.7k |
| Baader Bank Aktiengesellschaft | Sold out | -85.9k |
| Procyon Advisors, LLC | Sold out | -73.5k |
| Marex Group Ltd | Sold out | -48.4k |
| XTX Topco Ltd | Sold out | -45.6k |
| TWO SIGMA INVESTMENTS, LP | Sold out | -38.0k |
| Bank of New York Mellon Corp | Sold out | -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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +1.2 pts · filed 2026-07-29 | 8.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 1 | $63.7k | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 2 | $89.8k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $22.9k | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| Public Sector Pension Investment Board 0.88% of their portfolio | 59.4m $121.2m | Unchanged |
| BlackRock Inc. 0.00% of their portfolio | 1.5m $3.1m | Added +65.2k |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 1.1m $2.2m | Reduced -225.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.1m $2.2m | Added +162.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 775.6k $1.6m | Added +68.7k |
| MYDA Advisors LLC 0.21% of their portfolio | 300.0k $612.0k | New |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 268.0k $546.7k | Added +65.0k |
| STATE STREET CORP 0.00% of their portfolio | 248.7k $507.3k | Added +2.2k |
| HRT FINANCIAL LP 0.00% of their portfolio | 226.5k $462.0k | Added +208.7k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 226.4k $461.8k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 224.5k $458.0k | Added +82.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 193.5k $394.7k | Added +165.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 166.5k $339.7k | Added +9.3k |
| Virtu Financial LLC 0.02% of their portfolio | 124.7k $254.0k | Added +85.4k |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 102.9k $209.8k | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 92.5k $188.7k | New |
| GROUP ONE TRADING LLC 0.01% of their portfolio | 87.2k $177.9k | Reduced -90.7k |
| MORGAN STANLEY 0.00% of their portfolio | 86.8k $177.0k | Added +43.8k |
| Vontobel Holding Ltd. 0.00% of their portfolio | 80.3k $163.8k | New |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 47.8k $97.0k | Added +37.5k |
| Point72 Asia (Singapore) Pte. Ltd. 0.02% of their portfolio | 45.0k $91.8k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 43.6k $89.0k | Reduced -13.4k |
| Laidlaw Wealth Management LLC 0.05% of their portfolio | 42.5k $86.6k | Added +7.2k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 37.6k $76.6k | Added +768 |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 30.8k $62.8k | New |
| Carroll Investors, Inc 0.05% of their portfolio | 30.5k $62.2k | Added +9.4k |
| INSTRUMENTAL WEALTH, LLC 0.02% of their portfolio | 29.2k $40.8k | New |
| Centiva Capital, LP 0.00% of their portfolio | 28.6k $58.3k | New |
| CITIGROUP INC 0.00% of their portfolio | 28.1k $57.4k | New |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 26.9k $54.9k | New |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 26.2k $53.4k | New |
| TORONTO DOMINION BANK 0.00% of their portfolio | 25.2k $51.3k | Unchanged |
| Gruss & Co., LLC 0.28% of their portfolio | 25.0k $51.0k | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 23.3k $47.6k | Unchanged |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 21.5k $43.9k | Reduced -12.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 18.8k $38.0k | Added +15.5k |
| Orion Porfolio Solutions, LLC 0.00% of their portfolio | 18.5k $37.7k | Reduced -10.6k |
| CWM, LLC 0.00% of their portfolio | 18.5k $38.0k | Unchanged |
| Orion Portfolio Solutions, LLC 0.00% of their portfolio | 18.5k $37.7k | Reduced -10.6k |
| Delta Investment Management, LLC 0.01% of their portfolio | 17.9k $36.4k | New |
| Scientech Research LLC 0.02% of their portfolio | 16.3k $33.2k | New |
| LMR Partners LLP 0.00% of their portfolio | 15.8k $32.2k | New |
| Walleye Capital LLC 0.00% of their portfolio | 12.6k $25.7k | Unchanged |
| Schneider Downs Wealth Management Advisors, LP 0.01% of their portfolio | 12.5k $25.5k | Unchanged |
| Jacobi Capital Management LLC 0.00% of their portfolio | 12.1k $24.7k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 11.5k $23.5k | New |
| CTC Alternative Strategies, Ltd. 0.01% of their portfolio | 11.0k $22.4k | New |
| Corient Private Wealth LP 0.00% of their portfolio | 10.0k $20.4k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 9.0k $18.4k | Unchanged |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 2.5k $6.1k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 770 $1.5k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 699 $1.4k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 612 $1.2k | Added +10 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 500 $1.0k | New |
| Cutler Group LLC / CA 0.00% of their portfolio | 100 $0 | Reduced -3.0k |
| FMR LLC 0.00% of their portfolio | 98 $200 | New |
| PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.00% of their portfolio | 35 $71 | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 29 $59 | New |
| DUPONT CAPITAL MANAGEMENT CORP 0.00% of their portfolio | 2 $4 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |