Vault-13

XANADU QUANTUM TECHNOLO LTD XNDU

SUB VTG B · Common Stock · CUSIP 98390R102 · ISIN CA98390R1029

73 institutional holders +32 vs Q1 2026
57,098,92057.1m shares reported held*
$688.4mreported value*
58 new 10 added 2 reduced 25 sold out net bought ≈ $460.6m (+38.0m 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. Holder counts are more reliable. Implied quarter-end price ≈ $12.06. Options: 5 managers hold calls ($13.6m notional), 10 hold puts ($13.8m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q1 26: 41Q2 26: 7373Q1 26Q2 26
Numbers
QuarterHolders
Q1 202641
Q2 202673

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $13.6mQ2 26 puts: $13.8mQ2 26P/C 1.01
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$13.6m$13.8m1.01

Biggest buyers

Deer Management Co. LLC New +22,785,156+22.8m
Capricorn Investment Group LLC New +11,080,951+11.1m
Defiance ETFs, LLC New +5,699,266+5.7m
Penserra Capital Management LLC New +5,655,882+5.7m
HarbourVest Partners LLC New +2,140,000+2.1m
Marex Group Ltd New +1,182,844+1.2m
Bank of New York Mellon Corp New +688,414+688.4k
UBS Group AG Added +312,002+312.0k
T. Rowe Price Investment Management, Inc. New +258,962+259.0k
VAN ECK ASSOCIATES CORP New +226,735+226.7k

Biggest sellers

MMCAP International Inc. SPC Sold out -6,875,000-6.9m
Polar Asset Management Partners Inc. Sold out -2,000,000-2.0m
Alyeska Investment Group, L.P. Sold out -1,000,000-1.0m
Burkehill Global Management, LP Sold out -1,000,000-1.0m
LMR Partners LLP Sold out -539,838-539.8k
TIGER GLOBAL MANAGEMENT LLC Sold out -500,000-500.0k
ExodusPoint Capital Management, LP Sold out -500,000-500.0k
Hudson Bay Capital Management LP Reduced -409,380-409.4k
Ghisallo Capital Management LLC Sold out -250,000-250.0k
Feynman Point Asset Management LLC Sold out -200,000-200.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $6.8m565.4k shares
GROUP ONE TRADING LLC New $3.2m266.6k shares
JANE STREET GROUP, LLC New $2.3m189.2k shares
CITADEL ADVISORS LLC New $931.3k76.9k shares
SIMPLEX TRADING, LLC New $284.6k23.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $4.6m376.1k shares
JANE STREET GROUP, LLC New $2.3m187.7k shares
GROUP ONE TRADING LLC New $1.9m156.4k shares
SIMPLEX TRADING, LLC New $1.1m88.6k shares
NOMURA HOLDINGS INC New $865.9k71.5k shares
CITADEL ADVISORS LLC New $842.9k69.6k shares
Crawford Fund Management, LLC New $817.4k67.5k shares
Context Capital Management, LLC New $610.3k50.4k shares
Hudson Bay Capital Management LP New $605.5k50.0k shares
IMC-Chicago, LLC New $242.2k20.0k 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
OMERS ADMINISTRATION Corp 13G · exempt (held before listing) new · filed 2026-04-08 48.5% new 40.2m≈ $487.4m 2026-04-08
Georgian Partners Growth Fund (International) IV, LP 13D · may seek influence new · filed 2026-04-08
Stated purposeThe information set forth in Item 3 of this Statement is incorporated herein by reference. The Reporting Persons hold the securities of the Issuer for general investment purposes. The Reporting Persons may, from time to time, depending on prevailing market, economic and other conditions, acquire additional shares of Class B Subordinate Voting Shares or other securities of the Issuer, dispose of any such securities, or engage in discussions with the Issuer concerning such acquisitions or dispositions or further investments in the Issuer. The Reporting Persons intend to review their investment in the Issuer on a continuing basis and, depending upon the price and availability of shares of Class B Subordinate Voting Shares or other securities of the Issuer, subsequent developments affecting th… Full filing
40.8% new 29.7m≈ $359.8m 2026-04-08
Radical Ventures Fund II (International), L.P. 13G · exempt (held before listing) new · filed 2026-05-06 21.6% new 11.9m≈ $144.1m 2026-05-06
Weedbrook Christian 13D · may seek influence -31.6 pts · filed 2026-09-24 20.2% -31.6 pts 41.9m≈ $507.0m 2026-09-24
Bessemer Venture Partners XI Institutional L.P. 13G · passive investor new · filed 2026-04-02 10.0% new 22.9m≈ $277.7m 2026-04-02
GIC Private Ltd 13G · passive investor new · filed 2026-04-07 6.7% new 3.1m≈ $37.5m 2026-04-07
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 13G · exempt (held before listing) new · filed 2026-05-04 5.1% new 2.3m≈ $28.0m 2026-05-04

Fell to 5% or below in the last year: BDC CAPITAL INC. (4.0%, 2026-09-25), Saluja Dipender (0.0%, 2026-09-24), MILLENNIUM MANAGEMENT LLC (0.2%, 2026-06-25), Polar Asset Management Partners Inc. (4.6%, 2026-05-15), MMCAP International Inc. SPC (0.0%, 2026-05-05)

Insider purchases and sales since 1 Apr 2026

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.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Deer Management Co. LLC 33.97% of their portfolio LARCHMONT, NY 22,785,15622.8m $275.9m $275.9m 33.97% New
2 Capricorn Investment Group LLC 0.60% of their portfolio NEW YORK, NY 11,080,95111.1m $134.2m $134.2m 0.60% New
3 Defiance ETFs, LLC 0.94% of their portfolio NEW YORK, NY 5,699,2665.7m $67.5m $67.5m 0.94% New
4 Penserra Capital Management LLC 0.53% of their portfolio ORINDA, CA 5,655,8825.7m $68.5m $68.5m 0.53% New
5 StepStone Group LP 1.92% of their portfolio La Jolla, CA 3,417,8543.4m $41.4m $41.4m 1.92% Unchanged
6 HarbourVest Partners LLC 15.24% of their portfolio Boston, MA 2,140,0002.1m $25.9m $25.9m 15.24% New
7 Marex Group Ltd 0.11% of their portfolio London, X0 1,182,8441.2m $14.3m $14.3m 0.11% New
8 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 688,414688.4k $8.3m $8.3m 0.00% New
9 OMERS ADMINISTRATION Corp 0.04% of their portfolio TORONTO, A6 500,000500.0k $6.1m $6.1m 0.04% Unchanged
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 352,318352.3k $4.3m $4.3m 0.00% Added +312.0k +312,002
11 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 345,620345.6k $3.7m $3.7m 0.02% Reduced -409.4k -409,380
12 Linden Advisors LP 0.02% of their portfolio New York, NY 339,170339.2k $3.7m $3.7m 0.02% Reduced -160.4k -160,353
13 T. Rowe Price Investment Management, Inc. 0.00% of their portfolio BALTIMORE, MD 258,962259.0k $3.1m $3.1m 0.00% New
14 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 226,735226.7k $2.7m $2.7m 0.00% New
15 AQR Arbitrage LLC 0.04% of their portfolio Greenwich, CT 203,500203.5k $2.5m $2.5m 0.04% Added +100.2k +100,214
16 ADVANCED MICRO DEVICES INC 0.18% of their portfolio SANTA CLARA, CA 200,000200.0k $2.4m $2.4m 0.18% Unchanged
17 Periscope Capital Inc. 0.23% of their portfolio Toronto, A6 174,585174.6k $1.4m $1.4m 0.23% New
18 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 166,034166.0k $2.0m $2.0m 0.00% New
19 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 147,423147.4k $1.8m $1.8m 0.00% New
20 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 125,774125.8k $1.5m $1.5m 0.00% New
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 122,385122.4k $1.5m $1.5m 0.00% Added +121.9k +121,925
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 103,457103.5k $1.3m $1.3m 0.00% New
23 Baader Bank Aktiengesellschaft 0.09% of their portfolio Unterschleissheim, 2M 93,93993.9k $1.1m $1.1m 0.09% New
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 91,56891.6k $1.1m $1.1m 0.00% New
25 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 83,75383.8k $1.0m $1.0m 0.00% New
26 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 72,11772.1k $873.3k $873.3k 0.01% New
27 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 69,63269.6k $843.2k $843.2k 0.00% New
28 PICTON MAHONEY ASSET MANAGEMENT 0.01% of their portfolio Toronto, A6 53,54053.5k $648.4k $648.4k 0.01% Added +43.5k +43,540
29 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 51,56751.6k $624.5k $624.5k 0.00% New
30 Meridian Wealth Management, LLC 0.02% of their portfolio LEXINGTON, KY 51,00051.0k $617.6k $617.6k 0.02% New
31 GROUP ONE TRADING LLC 0.02% of their portfolio CHICAGO, IL 49,74049.7k $602.4k $602.4k 0.02% New
32 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.00% of their portfolio Cincinnati, OH 48,76148.8k $590.5k $590.5k 0.00% New
33 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 48,40448.4k $579.9k $579.9k 0.00% New
34 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 42,85042.9k $518.9k $518.9k 0.01% New
35 SLT Holdings LLC 0.33% of their portfolio SCOTTSDALE, AZ 42,85042.9k $518.9k $518.9k 0.33% New
36 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 37,95538.0k $459.6k $459.6k 0.00% New
37 IMC-Chicago, LLC 0.00% of their portfolio CHICAGO, IL 37,18037.2k $450.2k $450.2k 0.00% New
38 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 27,31227.3k $328.1k $328.1k 0.00% Added +14.3k +14,340
39 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 26,73726.7k $323.8k $323.8k 0.00% New
40 SummitTX Capital, L.P. 0.01% of their portfolio FORT WORTH, TX 25,41125.4k $307.7k $307.7k 0.01% New
41 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 24,25324.3k $293.7k $293.7k 0.00% Added +6.2k +6,170
42 Curbstone Financial Management Corp 0.05% of their portfolio MANCHESTER, NH 24,00024.0k $290.6k $290.6k 0.05% New
43 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 22,09322.1k $267.2k $267.2k 0.00% New
44 McGuire Investment Group, LLC 0.02% of their portfolio WAKEFIELD, RI 21,51421.5k $260.5k $260.5k 0.02% New
45 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 19,51619.5k $236.3k $236.3k 0.00% New
46 CAPITAL FUND MANAGEMENT S.A. 0.00% of their portfolio PARIS, I0 16,86016.9k $204.2k $204.2k 0.00% New
47 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 16,67816.7k $202.0k $202.0k 0.00% New
48 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 14,02414.0k $170.0k $170.0k 0.00% Added +12.3k +12,324
49 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 12,75012.8k $154.1k $154.1k 0.00% Added +10.8k +10,750
50 Storgate, LLC 0.03% of their portfolio DALLAS, TX 12,00012.0k $145.3k $145.3k 0.03% New
51 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 9,1809.2k $111.0k $111.0k 0.00% New
52 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 7,3967.4k $89.5k $89.5k 0.00% New
53 Center for Financial Planning, Inc. 0.01% of their portfolio SOUTHFIED, MI 4,5504.5k $55.1k $55.1k 0.01% New
54 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 4,0004.0k $48.4k $48.4k 0.00% New
55 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 3,5323.5k $39.8k $39.8k 0.00% New
56 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,8342.8k $34.3k $34.3k 0.00% New
57 Leonteq Securities AG 0.00% of their portfolio ZURICH, V8 2,8002.8k $33.9k $33.9k 0.00% New
58 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2,0002.0k $24.2k $24.2k 0.00% New
59 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 1,5501.6k $18.4k $18.4k 0.00% Added +50 +50
60 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,3661.4k $15.3k $15.3k 0.00% New
61 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,3001.3k $15.7k $15.7k 0.00% New
62 Northwest & Ethical Investments L.P. 0.00% of their portfolio TORONTO, A6 1,0881.1k $12.0k $12.0k 0.00% New
63 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,0001.0k $12.1k $12.1k 0.00% New
64 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 824824 $10.0k $10.0k 0.00% New
65 Key Financial Inc 0.00% of their portfolio WEST CHESTER, PA 300300 $3.6k $3.6k 0.00% New
66 Continuum Advisory, LLC 0.00% of their portfolio EAGLE, ID 224224 $2.7k $2.7k 0.00% New
67 BIRCHBROOK, INC. 0.00% of their portfolio BANGOR, ME 200200 $2.4k $2.4k 0.00% Added +20 +20
68 Vermillion Wealth Management, Inc. 0.00% of their portfolio ROSEMOUNT, MN 140140 $1.7k $1.7k 0.00% New
69 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 102102 $1.2k $1.2k 0.00% New
70 Institute for Wealth Management, LLC. 0.00% of their portfolio DENVER, CO 7272 $878 $878 0.00% New
71 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 5555 $666 $666 0.00% New
72 Physician Wealth Advisors, Inc. 0.00% of their portfolio MIDVALE, UT 3838 $461 $461 0.00% New
73 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 3535 $424 $424 0.00% New