The cluster is a passive rebalancing signal, not an active bet. Monitor for any actual catalyst (e.g., earnings, contracts, or regulatory news) before reading into the increased share count. The poor historical performance of prior QUBT reports suggests low predictive value.
Executive Summary
Five large passive index fund managers (Vanguard, BlackRock, State Street, Fidelity, T. Rowe Price) increased their QUBT share holdings in Q4 2025, adding a combined ~12.2 million shares. However, due to a decline in the stock price, the aggregate value fell from $472.2M to $388.7M. The cluster is entirely passive rebalancing, not active conviction, and carries limited signaling value.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$84.2M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Vanguard | ADD | +38.1% | $172.8M | -$51.8M |
| BlackRock | ADD | +59.5% | $170.8M | -$21.3M |
| State Street | ADD | +44.1% | $44.6M | -$10.9M |
| Fidelity | ADD | +33.2% | $569.0K | -$197.5K |
| T. Rowe Price | ADD | +89.7% | $2.0K | $103.00 |
Key Facts
- 5 mega-passive funds all added shares in Q4 2025, with zero sellers.
- Aggregate share count increased ~12.2M shares, but value dropped $84.2M due to price decline.
- Vanguard and BlackRock were the largest buyers, adding 4.64M and 6.21M shares respectively.
- No active managers, hedge funds, or activist investors participated in the cluster.
Financial Impact
Passive funds accumulated ~$472.2M in QUBT (at Q4-start prices), but current value stands at $388.7M. Net dollar outflow of $84.2M reflects stock depreciation, not selling.
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-QUBT-2025-Q4 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | 8-K | $8.95 $8.04 | ▼ −10.17% | ▼ −9.11% | — |
Jul 22, 2026 10w ago | 8-K | $7.86 $8.14 | ▲ +3.56% | ▲ +0.25% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $9.91 $9.15 | ▼ −7.67% | ▼ −9.56% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $9.91 $9.15 | ▼ −7.67% | ▼ −9.56% | — |
Mar 5, 2026 30w ago | 8-K | $7.72 $6.87 | ▼ −11.01% | ▼ −7.22% | — |
Feb 28, 2026 30w ago | Institutional Cluster | $8.59 $6.31 | ▼ −26.54% | ▼ −18.60% | — |
US Market Status
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