D-Wave Quantum Inc.· QBTS

🇺🇸 US · MidBroad USNASDAQ

Technology Computer Hardware Website

Price: $17.11
Day: -3.28%
Mkt Cap: $6.28B
52W Range: $12.75 – $46.75
Volume: 19.04M
Beta: 2.14

D55D FrameworkQuarterly Data

Holdings Analysis

Insider activity, institutional flows, and fund ownership.

Smart Money: 4.1 / 5 (Bullish), from 3 of 3 components
Institutions Q2 2026: 608 institutions hold; 382 added, 108 reduced
Insiders Q3 2026: no purchases, 2 sales ($71.8K)

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D-Wave Quantum Inc.

QBTS|Technology|Computer Hardware

Current price: $17

Smart Money

Dimension 5 of 5

Insider selling pace · Q3 2026

0.0x

quarter in progress, filings still arriving

Seller breadth · Q3 2026

2 sellers

vs 5.7 avg per quarter

Institutional net breadth · Q2 2026

+342

522 adding vs 180 reducing

Institutional ownership · Q2 2026

54.1%

608 institutions

Insider Selling Pace

Each quarter's selling vs this stock's own trailing 6-quarter average

Light <0.5xRoutineElevated >1.5xHeavy >3xBuying

Institutional Positions

Institutions adding above the line, reducing below, net as a line

NewIncreasedReducedClosedNet

Largest Institutional Holders, Q2 2026

By reported market value, and how each moved in the quarter

Holder

Change

BLACKROCK, INC.

33.1M

+8.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

22.0M

+4.9%

VANGUARD CAPITAL MANAGEMENT LLC

15.9M

-0.4%

UBS GROUP AG

11.6M

+16.9%

GEODE CAPITAL MANAGEMENT, LLC

9.3M

+1.6%

STATE STREET CORP

9.0M

+5.6%

ETF & Fund Activity, Q2 2026

How the covering funds split between buying, holding and selling

95 buying50 unchanged29 selling

174 funds held QBTS in Q2 2026, holding 80.5M shares between them, up 11.9% on the quarter.

Largest fund holders

VANGUARD INDEX FUNDS27.9M sh

SPDR SERIES TRUST126.3K sh

NATIONWIDE MUTUAL FUNDS42.1K sh

Notable Insider Transactions, Q3 2026

Largest open-market purchases and sales by value in the last eight quarters

Sale · Jan 14

PUBLIC SECTOR PENSION INVESTMENT BOARD

$42.9M

Sale · Dec 11

PUBLIC SECTOR PENSION INVESTMENT BOARD

$35.8M

Sale · Dec 12

PUBLIC SECTOR PENSION INVESTMENT BOARD

$35.5M

Insider transactions from SEC Form 4 filings; institutional holdings from quarterly 13F filings, which are reported with a lag and can overlap between filers. 13F: quarterly institutional holdings report · ETF: Exchange-Traded Fund

See the complete picture

The full 5D Framework: Business Quality · Peer Comparison · Valuation · Analyst Sentiment · Smart Money

Explore QBTS on stockoscope.com→

Generated September 20, 2026

For educational purposes only. Not financial advice. Data may be delayed or incomplete.

Smart Money Sentiment

QBTS Smart Money Sentiment Score

A weighted 1-5 sentiment score across three smart money signals.

Smart Money

4.1/5

Bullish

Weighted across 3 components

Component Breakdown (3 of 3 available)

Insider Activity

40% weight

Institutional Flow

50% weight

+100

Fund Flow

10% weight

+60

Overall Smart Money sentiment of 4.1/5 (Bullish) based on a weighted combination of 3 components. Insider activity uses a relative-baseline comparison against the stock's own history; institutional flow tracks position momentum and 13F share changes; fund flow measures ETF / mutual-fund buying vs selling. Higher scores indicate stronger bullish sentiment from professional investors.Last updated September 19, 2026.

Insider Trading Activity

Insider trading analysis comparing the latest quarter against the stock's own historical baseline.

Insider Selling Pace for QBTS

Each quarter's selling vs the stock's own trailing 6-quarter average; 1.0x is typical for this stock. Green triangles mark quarters with insider buying.

Neutral

Routine insider selling in Q3 2026

2 sales totaling $71.8K (4.2K shares)

Share volume is well below the historical pace (0.0x average), insiders are holding more

Buying seen in 2 of 15 quarters

0.0x

Selling pace

quarter in progress, filings still arriving

0.02%

Stake sold

of active insiders' holdings

2 sellers

Seller breadth

vs 5.7 avg per quarter

Q4 2025

Last insider purchase

buying in 2 of 16 quarters

Notable Recent Transactions, QBTS

Top 8 highest-value insider trades from the last 8 quarters

PUBLIC SECTOR PENSION INVESTMENT BOARD

10% Owner

Sell

9,500,000 shares at $4.51

≈31.7% of their stake at the time

Jan 14, 2025$42.87M

PUBLIC SECTOR PENSION INVESTMENT BOARD

10% Owner

Sell

8,420,425 shares at $4.25

≈47.2% of their stake at the time

Dec 11, 2024$35.77M

PUBLIC SECTOR PENSION INVESTMENT BOARD

10% Owner

Sell

8,437,593 shares at $4.21

≈89.4% of their stake at the time

Dec 12, 2024$35.50M

PUBLIC SECTOR PENSION INVESTMENT BOARD

10% Owner

Sell

6,380,108 shares at $3.97

≈17.5% of their stake at the time

Jan 13, 2025$25.32M

BARATZ ALAN E

CEO

Sell

793,712 shares at $30.13

≈23.2% of their stake at the time

Dec 22, 2025$23.91M

BARATZ ALAN E

CEO

Sell

806,288 shares at $28.87

≈22.3% of their stake at the time

Nov 11, 2025$23.28M

BARATZ ALAN E

CEO

Sell

687,627 shares at $26.13

≈17.2% of their stake at the time

Jun 8, 2026$17.97M

PUBLIC SECTOR PENSION INVESTMENT BOARD

10% Owner

Sell

2,778,564 shares at $6.14

≈6.9% of their stake at the time

Jan 10, 2025$17.07M

Institutional Ownership Analysis

Institutional ownership analysis with position momentum, 13F share flow, and ownership percentage trends.

Institutional Positions for QBTS

Institutions adding (new + increased) above zero, reducing (reduced + closed) below, net as a line

New Increased Reduced Closed Net (adding − reducing)

Very Bullish

Institutions accumulating in Q2 2026

54.1% institutional ownership

Strong accumulation: 522 institutions adding vs 180 reducing positions

13F shares increased by 12.6%, a significant shift

Momentum improving from prior quarter

+342

Net breadth

522 adding vs 180 reducing

Strong accumulation

2.90

Add / reduce ratio

in Q2 2026

+68

New − closed

140 initiated, 72 exited

8 of 10

Top holders adding

largest holders with a known change

Position Changes

Q2 2026: how are institutions adjusting their positions?

+522 growing-180 shrinkingNet: +342

140

382

108

New (140)

Increased (382)

Reduced (108)

Closed (72)

Top Institutional Holders, QBTS

Largest 8 institutional positions by ownership percentage as of Q2 2026

BLACKROCK, INC.

33.1M

$795.2M

Ownership

8.94%

+8.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

22.0M

$528.3M

Ownership

5.94%

+4.9%

VANGUARD CAPITAL MANAGEMENT LLC

15.9M

$382.4M

Ownership

4.30%

-0.4%

UBS GROUP AG

11.6M

$279.4M

Ownership

3.14%

+16.9%

GEODE CAPITAL MANAGEMENT, LLC

9.3M

$222.4M

Ownership

2.50%

+1.6%

STATE STREET CORP

9.0M

$216.6M

Ownership

2.43%

+5.6%

CLEAR STREET GROUP INC.

6.2M

$148.9M

Ownership

1.67%

+7.7%

SUSQUEHANNA INTERNATIONAL GROUP, LLP

5.1M

$123.3M

Ownership

1.39%

-0.1%

ETF and Mutual Fund Holdings

ETF and mutual fund activity breakdown showing buying vs selling funds, top fund holders, and detailed holdings.

Fund Activity

Q2 2026: 174 ETFs and mutual funds reporting

95 buying29 sellingNet: +66

Buying (95)

Unchanged (50)

Selling (29)

In total, funds bought 10.1M shares and sold 516.9K this quarter. Each fund counts once in the bar above, whatever the size of its move.

Very Bullish

Funds accumulating in Q2 2026

174 ETFs and mutual funds reporting

95 funds buying vs 29 selling

Top Fund Holders, QBTS

Largest 8 ETF and mutual fund positions by shares held, each fund's latest filing

VANGUARD INDEX FUNDS

27.9M

Weight

5.36%

Jun 30, 2026Increased

SPDR SERIES TRUST

126.3K

Weight

0.62%

Jul 31, 2026No change

NATIONWIDE MUTUAL FUNDS

42.1K

Weight

0.01%

Jul 31, 2026Increased

Guardian Variable Products Trust

17.9K

Weight

0.14%

Jun 30, 2026No change

ALLSPRING FUNDS TRUST

16.4K

Weight

0.00%

Jun 30, 2026Decreased

Absolute Shares Trust

16.3K

Weight

4.40%

Jun 30, 2026No change

GOLDMAN SACHS VARIABLE INSURANCE TRUST

13.9K

Weight

0.06%

Jun 30, 2026Decreased

LORD ABBETT SERIES FUND INC

13.0K

Weight

0.04%

Jun 30, 2026Decreased

D-Wave Quantum Inc.· QBTS

Holdings Analysis

Insider Trading Activity

1.3Transaction History126Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings143Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights

Search stocks

Holdings Analysis

Insider Trading Activity

1.3Transaction History126Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings143Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights