Q2 Holdings, Inc.
US ˙ NYSE ˙ US74736L1098

SecurityQTWO / Q2 Holdings, Inc.
InstitutionJennison Associates Llc
Latest Disclosed Ownership894,749 shares
Latest Disclosed Value $ 42,321,629
Jennison Associates Llc reports 18.42% decrease in ownership of QTWO / Q2 Holdings, Inc.

On May 6, 2026 - Jennison Associates Llc filed a 13F-HR form disclosing ownership of 894,749 shares of Q2 Holdings, Inc. (US:QTWO) valued at $42,321,628 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 30, 2026 disclosing 1,096,783 shares of Q2 Holdings, Inc.. This represents a change in shares of -18.42% during the quarter. The current value of the position is $40,898,977 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 894,749 -202,034 -18.42 42,322 -46.53 0.0291
2026-01-30 2025-12-31 13F Q2 HLDGS COM 74736L109 1,096,783 -14,509 -1.31 79,144 -1.62 0.0475
2025-10-30 2025-09-30 13F Q2 HLDGS COM 74736L109 1,111,292 -231,480 -17.24 80,446 -35.99 0.0468
2025-08-01 2025-06-30 13F Q2 HLDGS COM 74736L109 1,342,772 41,000 3.15 125,670 20.66 0.0745
2025-05-05 2025-03-31 13F Q2 HLDGS COM 74736L109 1,301,772 41,412 3.29 104,155 -17.90 0.0730
2025-01-24 2024-12-31 13F Q2 HLDGS COM 74736L109 1,260,360 -257,274 -16.95 126,855 4.79 0.0770
2024-11-08 2024-09-30 13F Q2 HLDGS COM 74736L109 1,517,634 -348,209 -18.66 121,062 7.55 0.0752
2024-08-05 2024-06-30 13F Q2 HLDGS COM 74736L109 1,865,843 13,436 0.73 112,566 15.62 0.0722
2024-05-02 2024-03-31 13F Q2 HLDGS COM 74736L109 1,852,407 235,582 14.57 97,363 38.72 0.0651
2024-02-01 2023-12-31 13F Q2 HLDGS COM 74736L109 1,616,825 391,539 31.95 70,186 77.51 0.0523
2023-10-31 2023-09-30 13F Q2 HLDGS COM 74736L109 1,225,286 729,959 147.37 39,540 158.34 0.0336
2023-08-03 2023-06-30 13F Q2 HLDGS COM 74736L109 495,327 -2,436 -0.49 15,306 24.90 0.0126
2023-04-26 2023-03-31 13F Q2 HLDGS COM 74736L109 497,763 -408 -0.08 12,255 -8.45 0.0112
2023-02-09 2022-12-31 13F Q2 HLDGS COM 74736L109 498,171 141,622 39.72 13,386 16.58 0.0136
2022-11-01 2022-09-30 13F Q2 HLDGS COM 74736L109 356,549 112,476 46.08 11,481 21.96 0.0114
2022-08-02 2022-06-30 13F Q2 HLDGS COM 74736L109 244,073 6,617 2.79 9,414 -35.69 0.0094
2022-05-11 2022-03-31 13F Q2 HLDGS COM 74736L109 237,456 6,783 2.94 14,639 -20.11 0.0108
2022-02-08 2021-12-31 13F Q2 HLDGS COM 74736L109 230,673 -5,904 -2.50 18,325 -3.34 0.0116
2021-11-09 2021-09-30 13F Q2 HLDGS COM 74736L109 236,577 -1,234 -0.52 18,959 -22.28 0.0123
2021-08-12 2021-06-30 13F Q2 HLDGS COM 74736L109 237,811 -7,129 -2.91 24,395 -0.60 0.0162
2021-05-11 2021-03-31 13F Q2 HLDGS COM 74736L109 244,940 -159,514 -39.44 24,543 -52.04 0.0180
2021-02-05 2020-12-31 13F Q2 HLDGS COM 74736L109 404,454 -60,315 -12.98 51,176 20.66 0.0365
2020-11-04 2020-09-30 13F Q2 HLDGS COM 74736L109 464,769 5,925 1.29 42,415 7.75 0.0341
2020-08-06 2020-06-30 13F Q2 HLDGS COM 74736L109 458,844 -20,574 -4.29 39,364 39.03 0.0356
2020-05-06 2020-03-31 13F Q2 HLDGS COM 74736L109 479,418 173,019 56.47 28,314 13.97 0.0344
2020-02-07 2019-12-31 13F Q2 HLDGS COM 74736L109 306,399 -94,775 -23.62 24,843 -21.48 0.0251
2019-11-08 2019-09-30 13F Q2 HLDGS COM 74736L109 401,174 -16,631 -3.98 31,641 -0.82 0.0334
2019-08-06 2019-06-30 13F Q2 HLDGS COM 74736L109 417,805 -18,666 -4.28 31,904 5.54 0.0319
2019-05-10 2019-03-31 13F Q2 HLDGS COM 74736L109 436,471 -24,061 -5.22 30,230 32.48 0.0300
2019-02-06 2018-12-31 13F Q2 HLDGS COM 74736L109 460,532 62,587 15.73 22,819 -5.30 0.0255
2018-11-08 2018-09-30 13F Q2 HLDGS COM 74736L109 397,945 -356 -0.09 24,096 6.04 0.0222
2018-08-02 2018-06-30 13F Q2 HLDGS COM 74736L109 398,301 -64,231 -13.89 22,723 7.86 0.0222
2018-04-20 2018-03-31 13F Q2 HLDGS COM 74736L109 462,532 -158,624 -25.54 21,068 -7.96 0.0209
2018-01-25 2017-12-31 13F Q2 HLDGS COM 74736L109 621,156 -11,710 -1.85 22,890 -13.16 0.0226
2017-11-03 2017-09-30 13F Q2 HLDGS COM 74736L109 632,866 1,385 0.22 26,359 12.97 0.0270
2017-08-04 2017-06-30 13F Q2 HLDGS COM 74736L109 631,481 -736,606 -53.84 23,333 -51.06 0.0248
2017-08-02 2017-03-31 13F/A-1 Q2 HLDGS COM 74736L109 1,368,087 -251,631 -15.54 47,678 2.03 0.0512
2017-04-28 2017-03-31 13F Q2 HLDGS COM 74736L109 1,368,087 -251,631 47,678
2017-08-02 2016-12-31 13F/A-1 Q2 HLDGS COM 74736L109 1,619,718 -152,440 -8.60 46,729 -8.00 0.0522
2017-02-06 2016-12-31 13F Q2 HLDGS COM 74736L109 1,619,718 46,729
2016-11-01 2016-09-30 13F Q2 HLDGS COM 74736L109 1,772,158 -115,815 -6.13 50,790 -3.99 0.0547
2016-08-03 2016-06-30 13F Q2 HLDGS COM 74736L109 1,887,973 -16,530 -0.87 52,901 15.54 0.0580
2016-05-03 2016-03-31 13F Q2 HLDGS COM 74736L109 1,904,503 876,486 85.26 45,784 68.89 0.0481
2016-02-10 2015-12-31 13F Q2 HLDGS COM 74736L109 1,028,017 157,709 18.12 27,109 26.01 0.0266
2015-11-06 2015-09-30 13F Q2 HLDGS COM 74736L109 870,308 -66,421 -7.09 21,514 -18.70 0.0229
2015-08-03 2015-06-30 13F Q2 HLDGS COM 74736L109 936,729 284,467 43.61 26,463 91.91 0.0243
2015-06-25 2015-03-31 13F/A-1 Q2 HLDGS COM 74736L109 652,262 189,977 41.10 13,789 58.33 0.0126
2015-05-04 2015-03-31 13F Q2 HLDGS COM 74736L109 652,262 13,789
2015-06-25 2014-12-31 13F/A-1 Q2 HLDGS COM 74736L109 462,285 462,285 8,709 0.0081
2015-02-06 2014-12-31 13F Q2 HLDGS COM 74736L109 462,285 462,285 8,709 0.0081
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.