Q2 Holdings, Inc.
US ˙ NYSE ˙ US74736L1098

SecurityQTWO / Q2 Holdings, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership648,689 shares
Latest Disclosed Value $ 30,683,080
Morgan Stanley reports 31.73% decrease in ownership of QTWO / Q2 Holdings, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 648,689 shares of Q2 Holdings, Inc. (US:QTWO) valued at $30,682,990 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 950,214 shares of Q2 Holdings, Inc.. This represents a change in shares of -31.73% during the quarter. The current value of the position is $29,463,454 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)
2026-05-15 2026-03-31 13F Q2 HLDGS COM 74736L109 648,689 -301,525 -31.73 30,683 -55.25 0.0018
2026-05-27 2025-12-31 13F/A-1 Q2 HLDGS COM 74736L109 950,214 -38,513 -3.90 68,567 -4.20 0.0041
2026-02-13 2025-12-31 13F Q2 HLDGS COM 74736L109 950,214 -38,513 68,567 0.0041
2026-05-27 2025-09-30 13F/A-1 Q2 HLDGS COM 74736L109 988,727 7,692 0.78 71,574 -22.05 0.0043
2025-11-14 2025-09-30 13F Q2 HLDGS COM 74736L109 988,727 7,692 71,574 0.0043
2025-08-15 2025-06-30 13F Q2 HLDGS COM 74736L109 981,035 -12,610 -1.27 91,815 15.49 0.0060
2025-05-15 2025-03-31 13F Q2 HLDGS COM 74736L109 993,645 41,386 4.35 79,502 -17.05 0.0057
2025-05-15 2024-12-31 13F/A-1 Q2 HLDGS COM 74736L109 952,259 -9,357 -0.97 95,845 24.95 0.0067
2025-02-14 2024-12-31 13F Q2 HLDGS COM 74736L109 952,259 -9,357 95,845 0.0067
2025-05-14 2024-09-30 13F/A-2 Q2 HLDGS COM 74736L109 961,616 292,073 43.62 76,708 89.90 0.0056
2025-02-14 2024-09-30 13F/A-1 Q2 HLDGS COM 74736L109 961,616 292,073 76,708 0.0056
2024-11-14 2024-09-30 13F Q2 HLDGS COM 74736L109 961,616 292,073 76,708 0.0056
2025-05-14 2024-06-30 13F/A-2 Q2 HLDGS COM 74736L109 669,543 -712,297 -51.55 40,394 -44.38 0.0031
2024-10-17 2024-06-30 13F/A-1 Q2 HLDGS COM 74736L109 669,543 -712,297 40,394 0.0031
2024-08-14 2024-06-30 13F Q2 HLDGS COM 74736L109 669,543 -712,297 40,394 0.0031
2024-10-17 2024-03-31 13F/A-2 Q2 HLDGS COM 74736L109 1,381,840 -402,114 -22.54 72,630 -6.21 0.0058
2024-08-16 2024-03-31 13F/A-1 Q2 HLDGS COM 74736L109 1,381,840 -402,114 72,630 0.0007
2024-05-15 2024-03-31 13F Q2 HLDGS COM 74736L109 1,381,840 -402,114 72,630 0.0058
2024-08-16 2023-12-31 13F/A-1 Q2 HLDGS COM 74736L109 1,783,954 450,109 33.75 77,441 79.92 0.0068
2024-02-13 2023-12-31 13F Q2 HLDGS COM 74736L109 1,783,954 450,109 77,441 0.0068
2023-11-15 2023-09-30 13F Q2 HLDGS COM 74736L109 1,333,845 17,751 1.35 43,043 5.84 0.0044
2023-08-14 2023-06-30 13F Q2 HLDGS COM 74736L109 1,316,094 621,651 89.52 40,667 137.86 0.0040
2023-05-15 2023-03-31 13F Q2 HLDGS COM 74736L109 694,443 311,777 81.47 17,097 66.28 0.0018
2023-02-14 2022-12-31 13F Q2 HLDGS COM 74736L109 382,666 49,179 14.75 10,282 -4.25 0.0012
2022-11-14 2022-09-30 13F Q2 HLDGS COM 74736L109 333,487 75,843 29.44 10,738 8.04 0.0015
2022-10-27 2022-06-30 13F/A-1 Q2 HLDGS COM 74736L109 257,644 50,336 24.28 9,939 -22.23 0.0013
2022-08-15 2022-06-30 13F Q2 HLDGS COM 74736L109 257,644 50,336 9,939 0.0003
2022-10-27 2022-03-31 13F/A-1 Q2 HLDGS COM 74736L109 207,308 -276,415 -57.14 12,780 -66.74 0.0017
2022-05-13 2022-03-31 13F Q2 HLDGS COM 74736L109 207,308 -276,415 12,780 0.0017
2022-02-14 2021-12-31 13F Q2 HLDGS COM 74736L109 483,723 172,317 55.34 38,426 53.97 0.0047
2021-11-15 2021-09-30 13F Q2 HLDGS COM 74736L109 311,406 2,473 0.80 24,956 -21.25 0.0034
2021-08-23 2021-06-30 13F/A-1 Q2 HLDGS COM 74736L109 308,933 92,767 42.91 31,691 46.30 0.0042
2021-08-16 2021-06-30 13F Q2 HLDGS COM 74736L109 308,933 92,767 31,691 0.0009
2021-05-17 2021-03-31 13F Q2 HLDGS COM 74736L109 216,166 16,252 8.13 21,661 -14.37 0.0032
2021-02-16 2020-12-31 13F Q2 HLDGS COM 74736L109 199,914 -125,649 -38.59 25,295 -14.86 0.0039
2020-11-13 2020-09-30 13F Q2 HLDGS COM 74736L109 325,563 -8,929 -2.67 29,710 3.53 0.0057
2020-08-14 2020-06-30 13F Q2 HLDGS COM 74736L109 334,492 -45,035 -11.87 28,697 28.02 0.0064
2020-05-26 2020-03-31 13F/A-1 Q2 HLDGS COM 74736L109 379,527 -24,100 -5.97 22,416 -31.50 0.0061
2020-05-15 2020-03-31 13F Q2 HLDGS COM 74736L109 379,527 -24,100 22,416 1,722.0161
2020-02-14 2019-12-31 13F Q2 HLDGS COM 74736L109 403,627 34,202 9.26 32,726 12.32 0.0076
2019-11-14 2019-09-30 13F Q2 HLDGS COM 74736L109 369,425 359,726 3,708.90 29,137 3,832.12 0.0077
2019-08-14 2019-06-30 13F Q2 HLDGS COM 74736L109 9,699 -163,741 -94.41 741 -93.83 0.0002
2019-05-15 2019-03-31 13F Q2 HLDGS COM 74736L109 173,440 -90,339 -34.25 12,013 -8.09 0.0034
2019-02-14 2018-12-31 13F Q2 HLDGS COM 74736L109 263,779 8,128 3.18 13,071 -15.56 0.0039
2019-04-23 2018-09-30 13F/A-2 Q2 HLDGS COM 74736L109 255,651 -101,082 -28.34 15,479 -23.94 0.0039
2018-11-20 2018-09-30 13F/A-1 Q2 HLDGS COM 74736L109 255,651 0 15,479 0.0039
2018-11-14 2018-09-30 13F Q2 HLDGS COM 74736L109 255,651 -101,082 15,479
2019-04-23 2018-06-30 13F/A-1 Q2 HLDGS COM 74736L109 356,733 250,375 235.41 20,351 320.13 0.0055
2018-08-14 2018-06-30 13F Q2 HLDGS COM 74736L109 356,733 250,375 20,351
2019-04-23 2018-03-31 13F/A-1 Q2 HLDGS COM 74736L109 106,358 -8,937 -7.75 4,844 14.00 0.0013
2018-05-14 2018-03-31 13F Q2 HLDGS COM 74736L109 106,358 -8,937 4,844
2019-04-23 2017-12-31 13F/A-1 Q2 HLDGS COM 74736L109 115,295 67,254 139.99 4,249 112.45 0.0012
2018-02-14 2017-12-31 13F Q2 HLDGS COM 74736L109 115,295 67,254 4,249
2017-11-14 2017-09-30 13F Q2 HLDGS COM 74736L109 48,041 9,468 24.55 2,000 40.25 0.0006
2017-08-11 2017-06-30 13F Q2 HLDGS COM 74736L109 38,573 -2,721 -6.59 1,426 -0.90 0.0004
2017-05-22 2017-03-31 13F/A-1 Q2 HLDGS COM 74736L109 41,294 -34,729 -45.68 1,439 -34.38 0.0004
2017-05-12 2017-03-31 13F Q2 HLDGS COM 74736L109 41,294 1,439
2017-02-22 2016-12-31 13F/A-1 Q2 HLDGS COM 74736L109 76,023 69,027 986.66 2,193 991.04 0.0007
2017-02-13 2016-12-31 13F Q2 HLDGS COM 74736L109 76,023 2,193
2016-11-10 2016-09-30 13F Q2 HLDGS COM 74736L109 6,996 5,344 323.49 201 336.96 0.0001
2016-08-12 2016-06-30 13F Q2 HLDGS COM 74736L109 1,652 -376 -18.54 46 -6.12 0.0000
2016-05-12 2016-03-31 13F Q2 HLDGS COM 74736L109 2,028 -2,286 -52.99 49 -57.02 0.0000
2016-02-09 2015-12-31 13F Q2 HLDGS COM 74736L109 4,314 445 11.50 114 18.75 0.0000
2016-02-08 2015-09-30 13F/A-1 Q2 HLDGS COM 74736L109 3,869 -8,513 -68.75 96 -72.57 0.0000
2015-11-09 2015-09-30 13F Q2 HLDGS COM 74736L109 3,869 96
2015-08-12 2015-06-30 13F Q2 HLDGS COM 74736L109 12,382 -9,225 -42.69 350 -23.41 0.0001
2015-05-14 2015-03-31 13F Q2 HLDGS COM 74736L109 21,607 -4,108 -15.98 457 -5.58 0.0002
2015-02-13 2014-12-31 13F Q2 HLDGS COM 74736L109 25,715 -5,060 -16.44 484 12.30 0.0002
2014-12-16 2014-09-30 13F/A-1 Q2 HLDGS COM 74736L109 30,775 30,775 431 0.0002
2014-11-14 2014-09-30 13F Q2 HLDGS COM 74736L109 30,775 431 0.0002
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.