News Summary
PositiveQuantinuum's post-IPO performance shows strong 279% YoY revenue growth with raised FY2026 guidance ($28-32M), plus a landmark Oracle partnership to deploy quantum computing as a cloud service. However, the company missed EPS consensus (-$0.28 vs. -$0.26) and reported a $597M GAAP net loss, though this is primarily driven by non-cash IPO charges rather than operational weakness.
Red flags
- •EPS miss on consensus estimates despite revenue beat
- •Massive $597M GAAP net loss raises questions about path to profitability timeline
- •Early-stage revenue base ($8M quarterly) makes growth metrics volatile and guidance execution risk remains high
Funds Buying (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Viking Global | Andreas Halvorsen | 306K | +306K | $25M | <0.1% | — | NEW |
| D1 Capital | Dan Sundheim | 300K | +300K | $25M | <0.1% | — | NEW |
| Soros Fund Management | Soros Family Office | 266K | +266K | $22M | 0.3% | — | NEW |
| Elliott Investment | Paul Singer | 150K | +150K | $12M | <0.1% | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where QNT ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #17 of this fund's book
- 14OR ROYALTIES INC.$98M
- 15TRANSOCEAN LTD$76M
- 16HDFC BANK LTD$21M
- 17QUANTINUUM INC$12M
Values are quarter-end position sizes. Shown only for funds where QNT ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Fund 13D/13G Filings (1)
Tracked funds' beneficial-ownership filings on this stock — disclosed within days of a position change, fresher than the quarterly 13F. Since Filing compares the stock to SPY from the filing date (shown for filings within the last 90 days).
| Fund | Form | ∆ Shares | % of Class | Since Filing | Filed | Src |
|---|---|---|---|---|---|---|
| Citadel Advisors | SC 13G | NEW | 7.3% | -13.2% vs SPY -13.3% abs | 2026-10-06 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| Citadel Advisors LLC | SC 13G | 2.3M | 7.0% | 2026-10-06 | ↗ |
| Honeywell International Inc. | SC 13G | 124.6M | 79.1% | 2026-08-13 | ↗ |
| Capital Research Global Investors | SC 13G | 1.8M | 5.3% | 2026-08-12 | ↗ |
| BlackRock Portfolio Management LLC | SC 13G | 2.3M | 6.9% | 2026-07-17 | ↗ |
| Capital World Investors | SC 13G | 4.6M | 13.9% | 2026-07-06 | ↗ |
| Cambridge Quantum Holdings Limited | SC 13G | 82.9M | 71.6% | 2026-06-22 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.