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Luminescent solar concentrators (LSCs) can potentially reduce the cost of solar cells by decreasing the photoactive area of the device and boosting the photoconversion efficiency (PCE). This study demonstrates the application of “giant” CdSe/Cd_xPb_1–xS core/shell quantum dots (QDs) as light harvesters in high performance LSCs with over 1.15% PCE. Pb addition is critical to maximize PCE. First, this study synthesizes “giant” CdSe/Cd_xPb_1–xS QDs with high quantum yield (40%), narrow size distribution (<10%), and stable photoluminescence in a wide temperature range (100–300 K). Subsequently these thick alloyed‐shell QDs are embedded in a polymer matrix, resulting in a highly transparent composite with absorption spectrum covering the range 300–600 nm, and are applied as active material for prototype LSCs. The latter exhibits a 15% enhancement in efficiency with respect to 1% PCE of the pure‐CdS …