$QBTS

$12.12 +$0.58 (4.98%) Live

$QBTS Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 369.3M shares outstanding

Who owns QBTS?

By type of holder

Institutions 53.0% Insiders 5.5% Everyone else 41.4%

Concentration Top 10 holders own 37.0%

BlackRock, Inc. 9.0% · Vanguard Portfolio Management LLC 6.0%

Institutional ownership

53.0%

+5.5 pts vs last qtr

Institutional holders

550

+57 vs last qtr

Net shares bought

+20.3M

by institutions in Q2 2026

New / sold out

133 / 76

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Norges Bank NEW +4.5M
BlackRock, Inc. +3.0M

Biggest sellers in Q2 2026

HRT Financial LP SOLD OUT −3.4M
Jane Street Group, LLC −2.4M

Who is planning to sell?

Notices of proposed sale, last 12 months

$105M

30 notices from 10 people

Shares covered

4.0M

1.07% of the company

Arranged in advance

59%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Alan E. Baratz President / ceo / director 10b5-1 $47M
Alan Baratz Affiliate $22.8M

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2020–FY2025

+152.6%

+20.36% a year

Each share's claim on the business

−60.4%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

— vs $74.1M

over 6 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years0% 3–5 years53% 1–3 years32% Under 1 year15%

Quarterly turnover

16.6%

of institutional shares changed hands

Top 10 managers, median time held

3.5 years

Super Investors

Investment managers reporting QBTS on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	33.1M	8.98%	+3.0M (+9.9%)	2022	0.0%
Shares held by quarter Peak holding33.1M (Q2'26) Change over 8 quarters+26.5M Share of the company8.980% BlackRock, Inc.'s full portfolio →
VP Vanguard Portfolio Management LLC	22.0M	5.96%	+1.2M (+5.9%)	2022	0.0%
Shares held by quarter Peak holding22.0M (Q2'26) Change over 8 quarters+22.0M Share of the company5.960% Vanguard Portfolio Management LLC's full portfolio →

BlackRock, Inc.

33.1M

% of company

8.98%

Change vs last qtr

+3.0M (+9.9%)

Held since

2022

Vanguard Portfolio Management LLC

22.0M

% of company

5.96%

Change vs last qtr

+1.2M (+5.9%)

Held since

2022

28 more super investors behind a free account

See every manager holding D-Wave Quantum Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting QBTS on Form N-PORT; together they hold 23.1% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$266M	11.1M	3.00%	0.01%	June 30, 2026
IR iShares Russell 2000 ETF iShares Trust	$228M	9.5M	2.57%	0.27%	June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$266M

% of company

3.00%

% of the fund

0.01%

As of

June 30, 2026

iShares Russell 2000 ETF

iShares Trust

Position value

$228M

% of company

2.57%

% of the fund

0.27%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding D-Wave Quantum Inc. and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
PS Public Sector Pension Investment Board Insider	20.4M	5.52%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company5.520% Public Sector Pension Investment Board's insider activity →
WS West Steven M Insider	24.7K	0.01%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.010% West Steven M's insider activity →

Public Sector Pension Investment Board

Insider

20.4M

% of company

5.52%

Change vs last qtr

—

Held since

—

West Steven M

Insider

24.7K

% of company

0.01%

Change vs last qtr

—

Held since

—

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