Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in QTWO held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 10.0M | $474.7M | +2.8% | 16.032% | 0.01% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 4.9M | $229.8M | — | 7.762% | 0.01% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 2.7M | $127.7M | — | 4.314% | 0.00% |
| 4 | STATE STREET CORP | 2.5M | $118.1M | +3.0% | 3.987% | 0.00% |
| 5 | Conestoga Capital Advisors, LLC | 1.8M | $84.3M | -3.5% | 2.848% | 1.68% |
| 6 | TREMBLANT CAPITAL GROUP | 1.7M | $80.6M | -6.1% | 2.720% | 2.59% |
| 7 | Capital Research Global Investors | 1.6M | $76.6M | -48.4% | 2.588% | 0.01% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 1.5M | $70.4M | +0.2% | 2.377% | 0.00% |
| 9 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 1.2M | $58.2M | -26.0% | 1.966% | 0.10% |
| 10 | Assenagon Asset Management S.A. | 1.2M | $57.3M | +119.0% | 1.934% | 0.09% |
| 11 | AMERICAN CENTURY COMPANIES INC | 1.1M | $52.4M | -5.8% | 1.768% | 0.03% |
| 12 | TWO SIGMA INVESTMENTS, LP | 1.0M | $49.1M | +99.4% | 1.659% | 0.04% |
| 13 | DIMENSIONAL FUND ADVISORS LP | 1.0M | $47.8M | +34.7% | 1.613% | 0.01% |
| 14 | FEDERATED HERMES, INC. | 941K | $44.5M | +36.4% | 1.503% | 0.07% |
| 15 | JENNISON ASSOCIATES LLC | 895K | $42.3M | -18.4% | 1.429% | 0.03% |
| 16 | Tensile Capital Management LP | 890K | $42.1M | +30.9% | 1.421% | 6.03% |
| 17 | MILLENNIUM MANAGEMENT LLC | 807K | $38.1M | +194.7% | 1.288% | 0.03% |
| 18 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 699K | $33.0M | +7.8% | 1.116% | 0.03% |
| 19 | Algebris (UK) Ltd | 696K | $32.8M | +630.7% | 1.111% | 2.38% |
| 20 | GOLDMAN SACHS GROUP INC | 694K | $32.8M | +34.4% | 1.108% | 0.00% |
| 21 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 638K | $31.4M | +3.5% | 1.019% | 0.01% |
| 22 | Nuveen, LLC | 654K | $30.9M | +2.5% | 1.045% | 0.01% |
| 23 | NORTHERN TRUST CORP | 652K | $30.8M | +3.2% | 1.041% | 0.00% |
| 24 | MORGAN STANLEY | 649K | $30.7M | -31.7% | 1.036% | 0.00% |
| 25 | AMERIPRISE FINANCIAL INC | 630K | $29.8M | +204.2% | 1.006% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in QTWO — a direct measure of their conviction.
Filings activity in QTWO during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 341 | 1.4% | 104.44% | 64.65 pp | $2.87B | 38% |
| Q4 2025 | 346 | +6.5% | 169.09% | +0.52 pp | $4.65B | +0.3% |
| Q3 2025 | 325 | +1.2% | 168.57% | 31.42 pp | $4.63B | 18% |
| Q2 2025 | 321 | 0.9% | 199.99% | +23.62 pp | $5.62B | +16% |
| Q1 2025 | 324 | 1.8% | 176.37% | 23.62 pp | $4.85B | 17% |
| Q4 2024 | 330 | +15% | 199.99% | +27.72 pp | $5.87B | +24% |
| Q3 2024 | 288 | +6.3% | 172.27% | +42.40 pp | $4.73B | +33% |
| Q2 2024 | 271 | — | 129.87% | — | $3.57B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying QTWO stock.
Based on Q1 2026 13F filings, institutional ownership of Q2 Holdings, Inc. stands at 104.4%, held across 341 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of QTWO, with approximately 10,036,162 shares worth $0.47B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of QTWO, including TWO SIGMA INVESTMENTS, LP, MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for QTWO is 40 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
68 institutions opened new positions in QTWO during Q1 2026, while 73 fully exited. 64 added to existing positions and 208 trimmed.
QTWO institutional ownership fell by 64.65 percentage points quarter-over-quarter, with a net change of -5 holders.
The top 10 institutions account for 48.0% of all reported 13F value in QTWO, and the top 25 account for 67.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Q2 Holdings, Inc. (QTWO) Institutional Ownership