D-WAVE QUANTUM INC

Ticker: QBTS CUSIP: 26740W109 Class: EQTY

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 358,640 Value ($000) $9,378 Avg Close $29.13 Range $18.55 - $46.75

Q3 2025

Shares 358,640 Value ($000) $8,862 Avg Close $18.22 Range $14.20 - $29.18

Q2 2025

Shares 350,340 Value ($000) $5,129 Avg Close $11.76 Range $5.77 - $19.77

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	358,640	$9,378	$29.13	$18.55 - $46.75
Q3 2025	358,640	$8,862	$18.22	$14.20 - $29.18
Q2 2025	350,340	$5,129	$11.76	$5.77 - $19.77