Q2 Holdings, Inc.
US ˙ NYSE ˙ US74736L1098

SecurityQTWO / Q2 Holdings, Inc.
InstitutionMacquarie Group Ltd
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Macquarie Group Ltd closes position in QTWO / Q2 Holdings, Inc.

On February 13, 2026 - Macquarie Group Ltd filed a 13F-HR form disclosing ownership of 0 shares of Q2 Holdings, Inc. (US:QTWO) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 1,648,862 shares of Q2 Holdings, Inc.. The current value of the position is $0 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)
2026-02-13 2025-12-31 13F Q2 HLDGS COM 74736L109 0 -100.00 0
2025-11-13 2025-09-30 13F Q2 HLDGS COM 74736L109 1,648,862 35,003 2.17 119,361 -20.97 0.1393
2025-08-14 2025-06-30 13F Q2 HLDGS COM 74736L109 1,613,859 31,091 1.96 151,041 19.27 0.1853
2025-08-14 2025-03-31 13F/A-1 Q2 HLDGS COM 74736L109 1,582,768 7,360 0.47 126,637 -20.14 0.1572
2025-05-15 2025-03-31 13F Q2 HLDGS COM 74736L109 1,582,768 7,360 126,637 0.1035
2025-02-14 2024-12-31 13F Q2 HLDGS COM 74736L109 1,575,408 -68,917 -4.19 158,565 20.89 0.1924
2024-11-14 2024-09-30 13F Q2 HLDGS COM 74736L109 1,644,325 -872,335 -34.66 131,168 -13.61 0.1416
2024-08-09 2024-06-30 13F Q2 HLDGS COM 74736L109 2,516,660 84,000 3.45 151,830 18.75 0.1741
2024-05-14 2024-03-31 13F Q2 HLDGS COM 74736L109 2,432,660 -36,202 -1.47 127,861 19.30 0.1450
2024-02-14 2023-12-31 13F Q2 HLDGS COM 74736L109 2,468,862 293,649 13.50 107,173 52.68 0.1238
2023-11-14 2023-09-30 13F Q2 HLDGS COM 74736L109 2,175,213 353,607 19.41 70,194 24.71 0.0882
2023-10-27 2023-06-30 13F/A-2 Q2 HLDGS COM 74736L109 1,821,606 20,817 1.16 56,288 26.96 0.0644
2023-10-12 2023-06-30 13F/A-1 Q2 HLDGS COM 74736L109 1,821,606 20,817 56,288 0.0566
2023-08-14 2023-06-30 13F Q2 HLDGS COM 74736L109 1,821,606 20,817 56,288 0.0571
2023-06-01 2023-03-31 13F/A-1 Q2 HLDGS COM 74736L109 1,800,789 38,855 2.21 44,335 -6.35 0.0527
2023-05-15 2023-03-31 13F Q2 HLDGS COM 74736L109 1,800,789 38,855 44,335 0.0407
2023-02-21 2022-12-31 13F Q2 HLDGS COM 74736L109 1,761,934 359,822 25.66 47,343 4.80 0.0559
2022-11-14 2022-09-30 13F Q2 HLDGS COM 74736L109 1,402,112 16,376 1.18 45,173 -15.48 0.0554
2022-08-17 2022-06-30 13F/A-1 Q2 HLDGS COM 74736L109 1,385,736 -561,918 -28.85 53,448 -55.49 0.0600
2022-08-15 2022-06-30 13F Q2 HLDGS COM 74736L109 1,385,736 -561,918 53,448 0.0191
2022-05-16 2022-03-31 13F Q2 HLDGS COM 74736L109 1,947,654 -404,168 -17.19 120,073 -35.73 0.0913
2022-02-11 2021-12-31 13F q2 Holdings COM 74736L109 2,351,822 -292,429 -11.06 186,829 -11.84 0.1557
2021-11-12 2021-09-30 13F Q2 HLDGS COM 74736L109 2,644,251 196,729 8.04 211,910 -15.60 0.1806
2021-08-13 2021-06-30 13F Q2 HLDGS COM 74736L109 2,447,522 1,653,916 208.41 251,067 215.73 0.2062
2021-05-14 2021-03-31 13F Q2 HLDGS COM 74736L109 793,606 -98,198 -11.01 79,519 -29.53 0.1124
2021-02-16 2020-12-31 13F Q2 HLDGS COM 74736L109 891,804 -52,048 -5.51 112,840 31.00 0.1648
2020-11-13 2020-09-30 13F Q2 HLDGS COM 74736L109 943,852 -76,820 -7.53 86,136 -1.63 0.1458
2020-08-11 2020-06-30 13F Q2 HLDGS COM 74736L109 1,020,672 16,203 1.61 87,564 47.60 0.1508
2020-05-15 2020-03-31 13F Q2 HLDGS COM 74736L109 1,004,469 -122,284 -10.85 59,324 -35.06 0.1219
2020-03-18 2019-12-31 13F/A-2 Q2 HLDGS COM 74736L109 1,126,753 7,210 0.64 91,357 3.46 0.1304
2020-02-28 2019-12-31 13F/A-1 Q2 HLDGS COM 74736L109 1,126,753 0 91,357 0.1320
2020-02-14 2019-12-31 13F Q2 HLDGS COM 74736L109 1,126,753 7,210 91,357 114,645.2927
2019-11-14 2019-09-30 13F Q2 HLDGS COM 74736L109 1,119,543 -335,708 -23.07 88,298 -20.54 0.1480
2019-11-06 2019-06-30 13F/A-2 Q2 HLDGS COM 74736L109 1,455,251 91,115 6.68 111,123 17.62 0.1874
2019-09-24 2019-06-30 13F/A-1 Q2 HLDGS COM 74736L109 1,455,251 0 111,123 0.1890
2019-08-14 2019-06-30 13F Q2 HLDGS COM 74736L109 1,455,251 91,115 111,123
2019-05-15 2019-03-31 13F Q2 HLDGS COM 74736L109 1,364,136 120,742 9.71 94,480 53.35 0.1612
2019-02-15 2018-12-31 13F Q2 HLDGS COM 74736L109 1,243,394 223,815 21.95 61,610 -0.20 0.1191
2018-11-15 2018-09-30 13F Q2 HLDGS COM 74736L109 1,019,579 193,977 23.50 61,736 31.07 0.1006
2019-03-21 2018-06-30 13F/A-1 Q2 HLDGS COM 74736L109 825,602 178,649 27.61 47,101 59.83 0.0812
2018-08-14 2018-06-30 13F Q2 HLDGS COM 74736L109 825,602 178,649 47,101
2018-05-11 2018-03-31 13F Q2 HLDGS COM 74736L109 646,953 -149,716 -18.79 29,469 0.38 0.0537
2018-02-14 2017-12-31 13F Q2 HLDGS COM 74736L109 796,669 82,441 11.54 29,357 -1.31 0.0519
2017-11-08 2017-09-30 13F Q2 HLDGS COM 74736L109 714,228 154,251 27.55 29,748 43.77 0.0534
2017-08-14 2017-06-30 13F Q2 HLDGS COM 74736L109 559,977 80,633 16.82 20,691 23.86 0.0378
2017-05-15 2017-03-31 13F Q2 Holdings COM 74736L109 479,344 101,852 26.98 16,705 53.38 0.0304
2017-03-30 2016-12-31 13F/A-1 Q2 Holdings COMMON 74736L109 377,492 102,941 37.49 10,891 38.40 0.0208
2017-02-15 2016-12-31 13F Q2 Holdings COMMON 74736L109 377,492 10,891
2016-11-15 2016-09-30 13F Q2 HOLDINGS COMMON 74736L109 274,551 12,534 4.78 7,869 7.18 0.0151
2016-09-14 2016-06-30 13F/A-1 Q2 HOLDINGS COMMON 74736L109 262,017 19,508 8.04 7,342 25.93 0.0144
2016-08-15 2016-06-30 13F Q2 HOLDINGS COMMON 74736L109 262,017 7,342
2016-05-16 2016-03-31 13F Q2 HOLDINGS COMMON 74736L109 242,509 62,767 34.92 5,830 23.00 0.0117
2016-02-16 2015-12-31 13F Q2 HOLDINGS COMMON 74736L109 179,742 11,768 7.01 4,740 14.16 0.0097
2015-11-16 2015-09-30 13F Q2 HOLDINGS COMMON 74736L109 167,974 33,730 25.13 4,152 9.49 0.0089
2015-08-21 2015-06-30 13F/A-1 Q2 HOLDINGS COMMON 74736L109 134,244 134,244 3,792 0.0075
2015-08-14 2015-06-30 13F Q2 HOLDINGS COMMON 74736L109 134,244 3,792 0.0072
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.