The absence of institutional selling and strong passive buying may indicate growing structural demand. Traders should monitor for follow-on activity from active managers and any upcoming earnings or technical milestones from D-Wave that could catalyze broader interest.
Executive Summary
Three major passive institutional investors — Morgan Stanley, Wells Fargo, and Schwab — significantly increased their positions in D-Wave Quantum (QBTS) during Q4 2024, collectively adding $12.1M in new holdings with no institutional selling detected. This coordinated accumulation suggests growing confidence in the stock among large custodians and index-aligned funds.
Key Financial Metrics
Institutional Positions
Net institutional flow: $12.1M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | DOUBLED | +275.4% | $9.0M | $8.7M |
| Wells Fargo | DOUBLED | +260.8% | $1.0M | $968.0K |
| Schwab | ADD | +40% | $2.7M | $2.5M |
Key Facts
- Morgan Stanley doubled its stake, increasing value by $8.7M (from $280K to $9.0M)
- Wells Fargo doubled its position, adding $968K in value (from $32K to $1.0M)
- Schwab added $2.5M in new value, increasing shares by 40%
- No institutional selling observed in the quarter
- Total net buying: $12.1M across three mega-passive institutions
Financial Impact
3 institutions accumulated $12.1M in net new positions with no offsetting sales
Risk Factors
- Buyers are all passive/index-oriented institutions, which may reduce signal strength compared to active manager conviction
- The total dollar amount, while meaningful, represents a small fraction of QBTS's $6.9B market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-QBTS-2024-Q4 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $16.41 $17.11 | ▲ +4.27% | ▲ +3.45% | — |
Sep 8, 2026 24d ago | 8-K | $17.67 $16.83 | ▼ −4.75% | ▼ −4.09% | — |
Aug 25, 2026 5w ago | 8-K | $17.51 $16.49 | ▼ −5.83% | ▼ −5.71% | — |
Aug 18, 2026 6w ago | 8-K | $19.53 $19.35 | ▼ −0.92% | ▼ −0.72% | — |
Aug 17, 2026 6w ago | 8-K | $20.87 $18.68 | ▼ −10.49% | ▼ −9.30% | — |
Aug 6, 2026 8w ago | 8-K | $19.41 $20.90 | ▲ +7.70% | ▲ +6.49% | — |
Aug 3, 2026 8w ago | 8-K | $19.98 $16.21 | ▼ −18.87% | ▼ −20.90% | — |
Jul 27, 2026 9w ago | 8-K | $19.51 $18.08 | ▼ −7.33% | ▼ −8.40% | — |
Jul 24, 2026 10w ago | 8-K | $16.21 $17.98 | ▲ +10.92% | ▲ +10.55% | — |
Jul 14, 2026 11w ago | 8-K | $18.95 $16.72 | ▼ −11.77% | ▼ −10.47% | — |
US Market Status
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