Q2 Holdings, Inc.
US ˙ NYSE ˙ US74736L1098

SecurityQTWO / Q2 Holdings, Inc.
InstitutionNicholas Company, Inc.
Latest Disclosed Ownership136,106 shares
Latest Disclosed Value $ 6,437,814
Nicholas Company, Inc. reports 0.54% decrease in ownership of QTWO / Q2 Holdings, Inc.

On May 4, 2026 - Nicholas Company, Inc. filed a 13F-HR form disclosing ownership of 136,106 shares of Q2 Holdings, Inc. (US:QTWO) valued at $6,437,814 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 136,846 shares of Q2 Holdings, Inc.. This represents a change in shares of -0.54% during the quarter. The current value of the position is $6,221,405 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)
2026-05-04 2026-03-31 13F Q2 Holdings COM 74736L109 136,106 -740 -0.54 6,438 -34.81 0.1263
2026-02-04 2025-12-31 13F Q2 Holdings COM 74736L109 136,846 100 0.07 9,875 -0.25 0.1729
2025-11-12 2025-09-30 13F Q2 Holdings COM 74736L109 136,746 -45 -0.03 9,899 -22.68 0.1680
2025-08-05 2025-06-30 13F Q2 Holdings COM 74736L109 136,791 55 0.04 12,802 17.02 0.2143
2025-05-08 2025-03-31 13F Q2 Holdings COM 74736L109 136,736 0 0.00 10,940 -20.51 0.1895
2025-02-10 2024-12-31 13F Q2 Holdings COM 74736L109 136,736 -30,684 -18.33 13,762 3.05 0.2229
2024-11-12 2024-09-30 13F Q2 Holdings COM 74736L109 167,420 -38,245 -18.60 13,355 7.64 0.2173
2024-07-24 2024-06-30 13F Q2 Holdings COM 74736L109 205,665 -7,800 -3.65 12,408 10.59 0.2064
2024-05-14 2024-03-31 13F Q2 Holdings COM 74736L109 213,465 0 0.00 11,220 21.08 0.1854
2024-02-13 2023-12-31 13F Q2 Holdings COM 74736L109 213,465 0 0.00 9,267 34.52 0.1640
2024-02-13 2023-09-30 13F/A-1 Q2 Holdings COM 74736L109 213,465 0 0.00 6,889 4.43 0.1379
2023-11-13 2023-09-30 13F Q2 Holdings COM 74736L109 213,465 0 6,889 0.1379
2024-02-13 2023-06-30 13F/A-2 Q2 Holdings COM 74736L109 213,465 0 0.00 6,596 25.52 0.1262
2023-10-31 2023-06-30 13F/A-1 Q2 Holdings COM 74736L109 213,465 0 6,596 0.1262
2023-08-08 2023-06-30 13F Q2 Holdings COM 74736L109 213,465 0 6,596 0.1262
2024-02-13 2023-03-31 13F/A-1 Q2 Holdings COM 74736L109 213,465 10,190 5.01 5,256 -3.77 0.1066
2023-05-11 2023-03-31 13F Q2 Holdings COM 74736L109 213,465 10,190 5,256 0.1066
2024-02-13 2022-12-31 13F/A-1 Q2 Holdings COM 74736L109 203,275 36,405 21.82 5,462 1.64 0.1168
2023-02-09 2022-12-31 13F Q2 Holdings COM 74736L109 203,275 36,405 5,462 0.1168
2024-02-13 2022-09-30 13F/A-1 Q2 Holdings COM 74736L109 166,870 27,795 19.99 5,373 0.17 0.1230
2022-11-14 2022-09-30 13F Q2 Holdings COM 74736L109 166,870 27,795 5,373 0.1230
2024-02-13 2022-06-30 13F/A-1 Q2 Holdings COM 74736L109 139,075 37,110 36.39 5,364 -14.67 0.1172
2022-07-26 2022-06-30 13F Q2 Holdings COM 74736L109 139,075 37,110 5,364 0.1171
2024-02-13 2022-03-31 13F/A-1 Q2 Holdings COM 74736L109 101,965 12,480 13.95 6,286 -11.58 0.1121
2022-05-11 2022-03-31 13F Q2 Holdings COM 74736L109 101,965 12,480 6,286 0.1121
2022-02-11 2021-12-31 13F Q2 Holdings COM 74736L109 89,485 3,660 4.26 7,109 3.36 0.1157
2021-11-15 2021-09-30 13F Q2 Holdings COM 74736L109 85,825 6,830 8.65 6,878 -15.12 0.1212
2021-08-12 2021-06-30 13F Q2 Holdings COM 74736L109 78,995 -140 -0.18 8,103 2.19 0.1424
2021-05-14 2021-03-31 13F Q2 Holdings COM 74736L109 79,135 75 0.09 7,929 -20.73 0.1481
2021-02-10 2020-12-31 13F Q2 Holdings COM 74736L109 79,060 0 0.00 10,003 38.64 0.1894
2020-11-13 2020-09-30 13F Q2 Holdings COM 74736L109 79,060 -9,160 -10.38 7,215 -4.66 0.1519
2020-08-13 2020-06-30 13F Q2 Holdings COM 74736L109 88,220 -10,895 -10.99 7,568 29.28 0.1740
2020-05-13 2020-03-31 13F Q2 Holdings COM 74736L109 99,115 5 0.01 5,854 -27.15 0.1656
2020-02-13 2019-12-31 13F Q2 Holdings COM 74736L109 99,110 -40 -0.04 8,036 2.76 0.1693
2019-11-14 2019-09-30 13F Q2 Holdings COM 74736L109 99,150 -13,245 -11.78 7,820 -8.88 0.1762
2019-08-13 2019-06-30 13F Q2 Holdings COM 74736L109 112,395 -95 -0.08 8,582 10.15 0.1909
2019-05-14 2019-03-31 13F Q2 Holdings COM 74736L109 112,490 -1,140 -1.00 7,791 38.38 0.1845
2019-02-14 2018-12-31 13F Q2 Holdings COM 74736L109 113,630 -2,000 -1.73 5,630 -19.58 0.1467
2019-02-14 2018-09-30 13F/A-1 Q2 Holdings COM 74736L109 115,630 -11,860 -9.30 7,001 -3.74 0.1529
2018-11-14 2018-09-30 13F Q2 Holdings COM 74736L109 115,630 -11,860 7,001
2018-08-14 2018-06-30 13F Q2 Holdings COM 74736L109 127,490 -5,035 -3.80 7,273 20.49 0.1699
2018-05-14 2018-03-31 13F Q2 Holdings COM 74736L109 132,525 -7,810 -5.57 6,036 16.73 0.1372
2018-02-14 2017-12-31 13F Q2 Holdings COM 74736L109 140,335 -7,780 -5.25 5,171 -16.16 0.1124
2017-11-14 2017-09-30 13F Q2 Holdings COM 74736L109 148,115 -815 -0.55 6,168 12.10 0.1373
2017-08-10 2017-06-30 13F Q2 Holdings COM 74736L109 148,930 0 0.00 5,502 6.01 0.1223
2017-05-12 2017-03-31 13F Q2 Holdings COM 74736L109 148,930 0 0.00 5,190 20.81 0.1179
2017-02-13 2016-12-31 13F Q2 Holdings COM 74736L109 148,930 1,415 0.96 4,296 1.63 0.0958
2016-11-14 2016-09-30 13F Q2 Holdings COM 74736L109 147,515 20,200 15.87 4,227 18.50 0.0928
2016-08-12 2016-06-30 13F/A-1 Q2 Holdings COM 74736L109 127,315 86,505 211.97 3,567 263.61 0.0719
2016-08-12 2016-06-30 13F Q2 Holdings COM 74736L109 127,315 3,567
2016-05-13 2016-03-31 13F Q2 Holdings COM 74736L109 40,810 40,810 981 0.0199
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.