Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

D-WAVE QUANTUM INC (QBTS)

521 + Investors. Track Smart Money conviction in QBTS. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +55
Streak
11Q ▲
Buyers last Q
59%

Smart Money Signals — QBTS

Based on 483 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, more hedge funds added QBTS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
483 hedge funds hold QBTS right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +167% more funds vs a year ago

fund count last 6Q
+302 new funds entered over the past year (+167% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 59% buying

318 buying222 selling
Last quarter: 318 funds bought or added vs 222 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~133 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 117 → 109 → 134 → 133. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 55% entered in last year

■ 11% conviction (2yr+) ■ 34% medium ■ 55% new
Only 52 funds (11%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
📈

Growing discovery — still being found

104 → 117 → 109 → 134 → 133 new funds/Q
New funds entering each quarter: 117 → 109 → 134 → 133. A growing number of institutions are discovering QBTS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 79% of holders entered in last year

■ 14% veterans ■ 7% 1-2yr ■ 79% new
Of 521 current holders: 413 (79%) entered in the past year, only 72 (14%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
41 of 483 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in QBTS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.9
out of 10
Moderate Exit Risk
Exit risk score 5.9/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: QBTS

How many hedge funds hold QBTS — quarterly history vs. share price
Quarterly hedge fund ownership of QBTS vs. share price

Market Analysis: QBTS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: QBTS

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

67 top-rated funds 5 high-conviction
Consensus
8.0
/ 10
breadth
×
Elite
5.5
/ 10
conviction
Hedge Fund Positioning: QBTS
2026 Q1 Stats Unlock in 20 days 521 + Investors

Track Smart Money conviction in QBTS. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 521 470 10.85%
13F Shares 206M 214M -3.62%
Total Value $5.43B $5.17B 5.08%
New Positions 136 139 -3
Increased Positions 242 207 +35
Closed Positions 81 41 +40
Reduced Positions 192 141 +51
Total Calls 26 21 23.81%
Total Puts 23 29 -20.69%
PUT/CALL Ratio 0.88 1.38 Neutral

Statistics: QBTS

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
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Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

521 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in QBTS. Verified SEC 13F-HR filings.

Top 25 institutional holders of QBTS — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 UNICOM Systems, Inc. 4.62% 3,121,346 $45.0M
2 SLT Holdings LLC 1.90% 195,021 $2.8M
3 McGuire Investment Group, LLC 0.62% 379,889 $5.5M
4 Bouvel Investment Partners, LLC 0.52% 123,916 $1.8M
5 BayBridge Capital Group, LLC 0.31% 19,018 $497K
6 Brown Miller Wealth Management, LLC 0.30% 72,421 $1.0M
7 bLong Financial, LLC 0.29% 26,943 $389K
8 Veracity Capital LLC 0.29% 57,007 $823K
9 MARIETTA INVESTMENT PARTNERS LLC 0.22% 77,760 $1.1M
10 Mosley Wealth Management 0.20% 18,064 $446K
11 Wealth Management Partners, LLC 0.17% 41,775 $603K
12 Yorktown Management & Research Co Inc 0.16% 13,100 $189K
13 Wealth Quarterback LLC 0.15% 25,915 $374K
14 Lauer Wealth, LLC 0.12% 10,500 $153K
15 Key Client Fiduciary Advisors, LLC 0.11% 22,000 $317K
16 Walser Wealth Management Company, A Ltd Liability Co 0.10% 15,854 $229K
17 Corecam Pte. Ltd. 0.07% 11,792 $170K
18 SBI Securities Co., Ltd. 0.07% 183,270 $2.6M
19 Eagle Strategies LLC 0.07% 39,637 $572K
20 Abel Hall, LLC 0.07% 22,126 $319K
21 Noble Wealth Management PBC 0.06% 8,950 $129K
22 Bay Rivers Group 0.06% 10,700 $154K
23 Yarbrough Capital, LLC 0.06% 121,060 $1.7M
24 Parisi Gray Wealth Management 0.04% 12,929 $187K
25 Leonteq Securities AG 0.04% 82,558 $1.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — D-WAVE QUANTUM INC (QBTS)

What does the Smart Money Trend signal show for QBTS?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, more hedge funds added QBTS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for QBTS?

Slight buying edge — 59% buying: Last quarter: 318 funds bought or added vs 222 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for QBTS holders?

Elite ownership — 47% AUM from top-100 funds: 41 of 483 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in QBTS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held QBTS?

Mostly new holders — 55% entered in last year: Only 52 funds (11%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.