Q2 Holdings, Inc.
US ˙ NYSE ˙ US74736L1098

SecurityQTWO / Q2 Holdings, Inc.
InstitutionDeutsche Bank Ag\
Latest Disclosed Ownership60,373 shares
Latest Disclosed Value $ 2,855,643
Deutsche Bank Ag\ reports 11.58% increase in ownership of QTWO / Q2 Holdings, Inc.

On May 6, 2026 - Deutsche Bank Ag\ filed a 13F-HR form disclosing ownership of 60,373 shares of Q2 Holdings, Inc. (US:QTWO) valued at $2,855,643 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 54,105 shares of Q2 Holdings, Inc.. This represents a change in shares of 11.58% during the quarter. The current value of the position is $2,759,650 USD.

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)
2026-05-06 2026-03-31 13F Q2 HLDGS COM 74736L109 60,373 6,268 11.58 2,856 -26.87 0.0009
2026-02-11 2025-12-31 13F Q2 HLDGS COM 74736L109 54,105 2,110 4.06 3,904 3.75 0.0013
2025-11-13 2025-09-30 13F Q2 HLDGS COM 74736L109 51,995 5,660 12.22 3,764 -13.21 0.0013
2025-08-12 2025-06-30 13F Q2 HLDGS COM 74736L109 46,335 -5,763 -11.06 4,336 4.03 0.0016
2025-05-09 2025-03-31 13F Q2 HLDGS COM 74736L109 52,098 -4,911 -8.61 4,168 -27.35 0.0017
2025-06-30 2024-12-31 13F/A-1 Q2 HLDGS COM 74736L109 57,009 18,346 47.45 5,738 86.02 0.0022
2025-02-14 2024-12-31 13F Q2 HLDGS COM 74736L109 57,009 18,346 5,738 0.0022
2025-06-26 2024-09-30 13F/A-1 Q2 HLDGS COM 74736L109 38,663 8,078 26.41 3,084 67.15 0.0013
2024-11-13 2024-09-30 13F Q2 HLDGS COM 74736L109 38,663 8,078 3,084 0.0013
2025-06-12 2024-06-30 13F/A-1 Q2 HLDGS COM 74736L109 30,585 -775 -2.47 1,845 11.95 0.0008
2024-08-14 2024-06-30 13F Q2 HLDGS COM 74736L109 30,585 -775 1,845 0.0008
2025-06-02 2024-03-31 13F/A-1 Q2 HLDGS COM 74736L109 31,360 -126,342 -80.11 1,648 -75.92 0.0008
2024-05-15 2024-03-31 13F Q2 HLDGS COM 74736L109 31,360 -126,342 1,648 0.0008
2024-02-14 2023-12-31 13F Q2 HLDGS COM 74736L109 157,702 128,143 433.52 6,846 618.26 0.0035
2023-11-24 2023-09-30 13F/A-1 Q2 HLDGS COM 74736L109 29,559 3,496 13.41 954 18.39 0.0006
2023-11-09 2023-09-30 13F Q2 HLDGS COM 74736L109 29,559 3,496 954 0.0001
2023-08-14 2023-06-30 13F Q2 HLDGS COM 74736L109 26,063 -13,127 -33.50 805 -16.49 0.0004
2023-05-15 2023-03-31 13F Q2 HLDGS COM 74736L109 39,190 11,475 41.40 965 29.57 0.0005
2023-02-13 2022-12-31 13F Q2 HLDGS COM 74736L109 27,715 1,551 5.93 745 -11.64 0.0004
2022-11-14 2022-09-30 13F Q2 HLDGS COM 74736L109 26,164 -6,790 -20.60 842 -33.70 0.0005
2022-08-11 2022-06-30 13F Q2 HLDGS COM 74736L109 32,954 -2,956 -8.23 1,270 -42.61 0.0007
2022-05-13 2022-03-31 13F Q2 HLDGS COM 74736L109 35,910 -3,287 -8.39 2,213 -28.93 0.0010
2022-02-16 2021-12-31 13F/A-1 Q2 HLDGS COM 74736L109 39,197 1,369 3.62 3,114 2.74 0.0014
2022-02-11 2021-12-31 13F Q2 HLDGS COM 74736L109 39,197 1,369 3,114 0.0002
2021-11-04 2021-09-30 13F Q2 HLDGS COM 74736L109 37,828 -3,325 -8.08 3,031 -28.21 0.0014
2021-08-11 2021-06-30 13F Q2 HLDGS COM 74736L109 41,153 -7,695 -15.75 4,222 -13.73 0.0021
2021-05-13 2021-03-31 13F Q2 HLDGS COM 74736L109 48,848 -4,015 -7.60 4,894 -26.84 0.0026
2021-02-16 2020-12-31 13F Q2 HLDGS COM 74736L109 52,863 16,634 45.91 6,689 102.27 0.0041
2020-11-12 2020-09-30 13F Q2 HLDGS COM 74736L109 36,229 6,148 20.44 3,307 28.13 0.0023
2020-08-13 2020-06-30 13F Q2 HLDGS COM 74736L109 30,081 9,843 48.64 2,581 115.98 0.0020
2020-05-14 2020-03-31 13F Q2 HLDGS COM 74736L109 20,238 -20,048 -49.76 1,195 -63.40 0.0011
2020-02-14 2019-12-31 13F Q2 HLDGS COM 74736L109 40,286 -5,098 -11.23 3,265 -8.75 0.0021
2019-11-14 2019-09-30 13F Q2 HLDGS COM 74736L109 45,384 31,425 225.12 3,578 236.28 0.0025
2019-08-14 2019-06-30 13F Q2 HLDGS COM 74736L109 13,959 -281 -1.97 1,064 8.02 0.0006
2019-05-15 2019-03-31 13F Q2 HLDGS COM 74736L109 14,240 -29,014 -67.08 985 -53.97 0.0006
2019-04-01 2018-12-31 13F/A-1 Q2 HLDGS COM 74736L109 43,254 -314,103 -87.90 2,140 -90.11 0.0015
2019-02-14 2018-12-31 13F Q2 HLDGS COM 74736L109 43,254 -230,601 2,140
2021-12-21 2018-09-30 13F/A-1 Q2 HLDGS COM 74736L109 357,357 77,306 27.60 21,637 35.43 0.0109
2018-11-14 2018-09-30 13F Q2 HLDGS COM 74736L109 273,855 -6,196 16,580 0.0115
2020-04-21 2018-06-30 13F/A-1 Q2 HLDGS COM 74736L109 280,051 243,756 671.60 15,977 867.72 0.0080
2018-08-14 2018-06-30 13F Q2 HLDGS COM 74736L109 244,414 208,119 13,942 9,260.2417
2019-10-23 2018-03-31 13F/A-2 Q2 HLDGS COM 74736L109 36,295 -55,793 -60.59 1,651 -51.30 0.0008
2019-10-18 2018-03-31 13F/A-1 Q2 HLDGS COM 74736L109 36,295 0 1,651 0.0008
2018-05-15 2018-03-31 13F Q2 HLDGS COM 74736L109 35,295 -56,793 1,605
2018-02-14 2017-12-31 13F Q2 HLDGS COM 74736L109 92,088 48,405 110.81 3,390 86.47 0.0022
2017-11-14 2017-09-30 13F Q2 HLDGS COM 74736L109 43,683 -82,881 -65.49 1,818 -61.10 0.0012
2017-08-11 2017-06-30 13F Q2 HLDGS COM 74736L109 126,564 83,038 190.78 4,674 208.51 0.0033
2017-05-15 2017-03-31 13F Q2 HLDGS COM 74736L109 43,526 28,256 185.04 1,515 245.10 0.0011
2017-02-14 2016-12-31 13F Q2 HLDGS COM 74736L109 15,270 7,877 106.55 439 109.05 0.0004
2016-11-14 2016-09-30 13F Q2 HLDGS COM 74736L109 7,393 -24,057 -76.49 210 -76.14 0.0001
2016-08-15 2016-06-30 13F Q2 HLDGS COM 74736L109 31,450 9,623 44.09 880 68.26 0.0006
2016-05-16 2016-03-31 13F Q2 HLDGS COM 74736L109 21,827 -14,027 -39.12 523 -44.66 0.0004
2016-02-16 2015-12-31 13F Q2 HLDGS COM 74736L109 35,854 29,576 471.11 945 509.68 0.0007
2015-11-17 2015-09-30 13F Q2 HLDGS COM 74736L109 6,278 1,598 34.15 155 17.42 0.0001
2015-08-12 2015-06-30 13F Q2 HLDGS COM 74736L109 4,680 -19,986 -81.03 132 -74.66 0.0001
2015-05-15 2015-03-31 13F Q2 HLDGS COM 74736L109 24,666 15,956 183.19 521 219.63 0.0003
2015-02-13 2014-12-31 13F Q2 HLDGS COM 74736L109 8,710 8,609 8,523.76 163 16,200.00 0.0001
2014-11-14 2014-09-30 13F Q2 HLDGS COM 74736L109 101 52 106.12 1 0.0000
2014-08-15 2014-06-30 13F Q2 HLDGS COM 74736L109 49 49 0 0.0000
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.