Q2 Holdings, Inc. (QTWO)

Highly Crowded

Held by 329 of 5,944 reporting institutions (95th percentile) — extremely crowded.

Data as of Q1 2026

Institutional Ownership

97.08%

QoQ Change

-3.86%

Total Value

$2.8T

Shares Outstanding

62.6M

Crowding AnalysisHighly Crowded

Holders329of 5,944

Avg: 68

Uncrowded95th percentileCrowded

Institutional Activity

Buy/Sell Ratio1.17x

88th percentile

202 buying173 selling

+66

New

-68

Closed

-3,898,110

Net shares

Holding Period Distribution

estimate

Median: 3 QAvg: 3.1 QHolders: 329

Ownership Concentration

Top 5: 36.0%Top 10: 47.9%

BlackRock,16.5%

VANGUARD PORTFOLIO MANAGEMENT8.0%

VANGUARD CAPITAL MANAGEMENT4.4%

STATE STREET4.1%

Conestoga Capital Advisors,2.9%

Others (324)64.0%

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Conviction-Weighted Ownership

Median weight: 0.01%Avg weight: 0.45%Max: 2.59%High conviction (>1%): 2

BlackRock,

VANGUARD PORTFOLIO MANAGEMENT

VANGUARD CAPITAL MANAGEMENT

STATE STREET

Conestoga Capital Advisors,

TREMBLANT CAPITAL GROUP

Capital Research Global Investors

GEODE CAPITAL MANAGEMENT,

NOMURA ASSET MANAGEMENT INTERNATIONAL

Assenagon Asset Management S.A.

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Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWVANGUARD PORTFOLIO MANAGEMENT$230M4.9M shr

NEWVANGUARD CAPITAL MANAGEMENT$128M2.7M shr

SOLDCapital Research Global Investors$72M1.5M shr

NEWAssenagon Asset Management S.A.$57M1.2M shr

SOLDNOMURA ASSET MANAGEMENT INTERNATIONAL$20M433K shr

NEWTREMBLANT CAPITAL GROUP$131M1.8M shr

NEWNOMURA ASSET MANAGEMENT INTERNATIONAL$120M1.7M shr

NEWGEODE CAPITAL MANAGEMENT$107M1.5M shr

BOUGHTCapital Research Global Investors$105M1.5M shr

BOUGHTWILLIAM BLAIR INVESTMENT MANAGEMENT$40M554K shr

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Institutional Trends (8 Quarters)

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Institutional Holders

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