Q2 Holdings, Inc.
US ˙ NYSE ˙ US74736L1098

SecurityQTWO / Q2 Holdings, Inc.
InstitutionBrown Capital Management Llc
Latest Disclosed Ownership2,554,647 shares
Ownership 4.36%
Brown Capital Management Llc ownership in QTWO / Q2 Holdings, Inc.

2024-02-14 - Brown Capital Management Llc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 2,554,647 shares of Q2 Holdings, Inc. (US:QTWO). This represents 4.36 percent ownership of the company. In their previous filing dated 2023-02-14 , Brown Capital Management Llc had reported owning 3,148,418 shares, indicating a decrease of -18.86 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2024-02-14 2024-02-14 13G/A 3,148,418 2,554,647 -18.86 4.36 -20.29
2023-02-14 2023-02-14 13G/A 4,958,319 3,148,418 -36.50 5.47 -37.34
2022-02-14 2022-02-14 13G/A 4,961,488 4,958,319 -0.06 8.73 -0.91
2021-07-09 2021-07-09 13G/A 4,562,542 4,961,488 8.74 8.81 4.01
2021-02-12 2021-02-12 13G/A 4,597,333 4,562,542 -0.76 8.47 -10.84
2020-04-09 2020-04-09 13G/A 4,165,089 4,597,333 10.38 9.50 9.83
2020-02-14 2020-02-14 13G/A 4,165,239 4,165,089 -0.00 8.65 -1.03
2019-10-09 2019-10-09 13G/A 2,639,528 4,165,239 57.80 8.74 43.51
2019-02-14 2019-02-14 13G/A 2,292,762 2,639,528 15.12 6.09 13.83
2018-11-09 2018-11-09 13G 2,292,762 5.35

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F Q2 HLDGS COM 74736L109 252,699 -102,708 -28.90 11,953 -53.40 1.6978
2026-02-17 2025-12-31 13F Q2 HLDGS COM 74736L109 355,407 -447,790 -55.75 25,646 -55.89 2.1036
2025-11-04 2025-09-30 13F Q2 HLDGS COM 74736L109 803,197 -350,451 -30.38 58,143 -46.15 2.3962
2025-08-13 2025-06-30 13F Q2 HLDGS COM 74736L109 1,153,648 -93,823 -7.52 107,970 8.17 3.1403
2025-05-15 2025-03-31 13F Q2 HLDGS COM 74736L109 1,247,471 -170,877 -12.05 99,810 -30.08 3.0084
2025-02-14 2024-12-31 13F Q2 HLDGS COM 74736L109 1,418,348 -573,235 -28.78 142,757 -10.14 3.3079
2024-11-12 2024-09-30 13F Q2 HLDGS COM 74736L109 1,991,583 -368,181 -15.60 158,869 11.59 3.4186
2024-08-12 2024-06-30 13F Q2 HLDGS COM 74736L109 2,359,764 -205,883 -8.02 142,365 5.57 2.8765
2024-05-15 2024-03-31 13F Q2 HLDGS COM 74736L109 2,565,647 11,000 0.43 134,850 21.60 2.3867
2024-02-14 2023-12-31 13F Q2 HLDGS COM 74736L109 2,554,647 -643,835 -20.13 110,897 7.44 1.6640
2023-11-14 2023-09-30 13F Q2 HLDGS COM 74736L109 3,198,482 -13,048 -0.41 103,215 4.01 1.5820
2023-08-14 2023-06-30 13F Q2 HLDGS COM 74736L109 3,211,530 -103,948 -3.14 99,236 21.57 1.4078
2023-05-15 2023-03-31 13F Q2 HLDGS COM 74736L109 3,315,478 167,060 5.31 81,627 -3.51 1.2201
2023-02-14 2022-12-31 13F Q2 HLDGS COM 74736L109 3,148,418 -1,310,823 -29.40 84,598 -41.08 1.3994
2022-11-14 2022-09-30 13F Q2 HLDGS COM 74736L109 4,459,241 -413,199 -8.48 143,588 -23.59 2.0132
2022-08-15 2022-06-30 13F Q2 HLDGS COM 74736L109 4,872,440 96,267 2.02 187,930 -36.18 2.5163
2022-05-16 2022-03-31 13F Q2 HLDGS COM 74736L109 4,776,173 -182,146 -3.67 294,451 -25.25 2.9303
2022-02-14 2021-12-31 13F Q2 HLDGS COM 74736L109 4,958,319 -7,308 -0.15 393,889 -1.02 3.2589
2021-11-15 2021-09-30 13F Q2 HLDGS COM 74736L109 4,965,627 4,139 0.08 397,945 -21.81 3.2588
2021-08-16 2021-06-30 13F Q2 HLDGS COM 74736L109 4,961,488 410,371 9.02 508,949 11.61 3.8573
2021-05-14 2021-03-31 13F Q2 HLDGS COM 74736L109 4,551,117 -11,425 -0.25 456,022 -21.01 3.3946
2021-02-16 2020-12-31 13F Q2 HLDGS COM 74736L109 4,562,542 -15,815 -0.35 577,298 38.17 3.9886
2020-11-13 2020-09-30 13F Q2 HLDGS COM 74736L109 4,578,357 762 0.02 417,821 6.39 3.4630
2020-08-07 2020-06-30 13F/A-1 Q2 HLDGS COM 74736L109 4,577,595 -19,738 -0.43 392,712 44.64 3.3764
2020-07-22 2020-06-30 13F Q2 HLDGS COM 74736L109 4,597,333 0 271,518 3,147,300.9597
2020-05-08 2020-03-31 13F Q2 HLDGS COM 74736L109 4,597,333 432,244 10.38 271,518 -19.60 3.1473
2020-02-14 2019-12-31 13F Q2 HLDGS COM 74736L109 4,165,089 -150 -0.00 337,705 2.80 3.2297
2019-11-13 2019-09-30 13F Q2 HLDGS COM 74736L109 4,165,239 161,533 4.03 328,512 7.45 3.1878
2019-08-13 2019-06-30 13F Q2 HLDGS COM 74736L109 4,003,706 832,296 26.24 305,723 39.19 2.8999
2019-05-15 2019-03-31 13F Q2 HLDGS COM 74736L109 3,171,410 531,882 20.15 219,652 67.94 2.2210
2019-02-14 2018-12-31 13F Q2 HLDGS COM 74736L109 2,639,528 947,109 55.96 130,789 27.63 1.5738
2018-11-14 2018-09-30 13F Q2 HLDGS COM 74736L109 1,692,419 1,692,419 102,476 0.9308
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.