Skip to main content Skip to main content
Institutional Ownership · SEC Form 13F

Who owns QTWO (QTWO)


Which tracked institutional funds hold QTWO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See QTWO company fundamentals →

Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

349
Institutional holders
60,779,783
Shares held (tracked funds)
96.9%
Of shares outstanding

How the tape is positioned

65 tracked funds added or opened QTWO while 155 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

QTWO’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes QTWO more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in QTWO divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2025-Q4 and 2026-Q1, across 349 tracked filers holding QTWO, 201 increased or opened the position and 176 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in QTWO between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 33

  • VANGUARD PORTFOLIO MANAGEMENT LLC$230M
  • VANGUARD CAPITAL MANAGEMENT LLC$128M
  • VANGUARD FIDUCIARY TRUST CO$20M
  • Qube Research & Technologies Ltd$20M
  • WELLINGTON MANAGEMENT GROUP LLP$15M
  • BROWN ADVISORY INC$10M

Full exits 23

  • VANGUARD GROUP INC$570M
  • Junto Capital Management LP$66M
  • Hood River Capital Management LLC$28M
  • TWO SIGMA ADVISERS, LP$23M
  • COMERICA BANK$18M
  • SEGALL BRYANT & HAMILL, LLC$15M

Largest adds

  • ALGEBRIS (UK) LTD$26M
  • D. E. Shaw & Co., Inc.$20M
  • MILLENNIUM MANAGEMENT LLC$18M
  • Schonfeld Strategic Advisors LLC$18M
  • Assenagon Asset Management S.A.$17M
  • AMERIPRISE FINANCIAL INC$15M

Largest trims

  • BlackRock, Inc.$372M
  • WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC$180M
  • Capital Research Global Investors$150M
  • WASATCH ADVISORS LP$132M
  • NOMURA ASSET MANAGEMENT INTERNATIONAL INC.$62M
  • North Reef Capital Management LP$58M

Institutional holders

One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).

FundSharesReported value% of valueQuarter
BlackRock, Inc. trimmed7,038,167$333M9.2%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new4,858,839$230M6.3%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new2,700,262$128M3.5%2026-Q1
STATE STREET CORP added2,495,836$118M3.2%2026-Q1
Conestoga Capital Advisors, LLC trimmed1,782,715$84M2.3%2026-Q1
TREMBLANT CAPITAL GROUP trimmed1,702,976$81M2.2%2026-Q1
Capital Research Global Investors trimmed1,620,408$77M2.1%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added1,488,204$70M1.9%2026-Q1
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed1,230,840$58M1.6%2026-Q1
Assenagon Asset Management S.A. added1,210,419$57M1.6%2026-Q1
NORGES BANK added714,112$57M1.6%2026-Q1
AMERICAN CENTURY COMPANIES INC trimmed1,107,101$52M1.4%2026-Q1
TWO SIGMA INVESTMENTS, LP added1,038,312$49M1.4%2026-Q1
DIMENSIONAL FUND ADVISORS LP added1,009,773$48M1.3%2026-Q1
FEDERATED HERMES, INC. added940,911$45M1.2%2026-Q1
JENNISON ASSOCIATES LLC trimmed894,749$42M1.2%2026-Q1
Tensile Capital Management LP added889,767$42M1.2%2026-Q1
MILLENNIUM MANAGEMENT LLC added806,549$38M1.0%2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THE added698,693$33M0.9%2026-Q1
ALGEBRIS (UK) LTD added695,593$33M0.9%2026-Q1
GOLDMAN SACHS GROUP INC added693,694$33M0.9%2026-Q1
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added637,989$31M0.9%2026-Q1
Nuveen, LLC added654,094$31M0.9%2026-Q1
NORTHERN TRUST CORP added651,726$31M0.8%2026-Q1
MORGAN STANLEY trimmed648,689$31M0.8%2026-Q1
AMERIPRISE FINANCIAL INC added629,505$30M0.8%2026-Q1
North Reef Capital Management LP trimmed620,814$29M0.8%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed583,653$28M0.8%2026-Q1
JPMORGAN CHASE & CO added586,420$27M0.8%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed571,650$27M0.7%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ added529,073$25M0.7%2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added516,246$24M0.7%2026-Q1
D. E. Shaw & Co., Inc. added493,919$23M0.6%2026-Q1
CYPRESS POINT INVESTMENT MANAGEMENT LP added490,791$23M0.6%2026-Q1
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ added488,080$23M0.6%2026-Q1
Schonfeld Strategic Advisors LLC added461,470$22M0.6%2026-Q1
VANGUARD FIDUCIARY TRUST CO new432,735$20M0.6%2026-Q1
Bank of New York Mellon Corp trimmed430,562$20M0.6%2026-Q1
Qube Research & Technologies Ltd added414,389$20M0.5%2026-Q1
OBERWEIS ASSET MANAGEMENT INC/ added394,629$19M0.5%2026-Q1
AQR CAPITAL MANAGEMENT LLC added383,155$18M0.5%2026-Q1
Rockefeller Capital Management L.P. trimmed351,694$17M0.5%2026-Q1
FIRST TRUST ADVISORS LP added349,322$17M0.5%2026-Q1
TimesSquare Capital Management, LLC trimmed328,270$16M0.4%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP added324,409$15M0.4%2026-Q1
EMERALD ADVISERS, LLC trimmed320,580$15M0.4%2026-Q1
PRINCIPAL FINANCIAL GROUP INC added305,133$14M0.4%2026-Q1
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC trimmed302,134$14M0.4%2026-Q1
Aberdeen Group plc added300,313$14M0.4%2026-Q1
BESSEMER GROUP INC trimmed293,972$14M0.4%2026-Q1
FIFTH THIRD BANCORP added257,114$12M0.3%2026-Q1
CITADEL ADVISORS LLC added256,283$12M0.3%2026-Q1
Trexquant Investment LP added252,715$12M0.3%2026-Q1
BROWN CAPITAL MANAGEMENT LLC trimmed252,699$12M0.3%2026-Q1
FMR LLC added246,574$12M0.3%2026-Q1
BALYASNY ASSET MANAGEMENT L.P. added238,175$11M0.3%2026-Q1
Connor, Clark & Lunn Investment Management Ltd. trimmed234,625$11M0.3%2026-Q1
Handelsbanken Fonder AB trimmed229,316$11M0.3%2026-Q1
Public Sector Pension Investment Board added223,300$11M0.3%2026-Q1
Squarepoint Ops LLC trimmed221,812$10M0.3%2026-Q1
BROWN ADVISORY INC new220,600$10M0.3%2026-Q1
TUDOR INVESTMENT CORP ET AL added219,391$10M0.3%2026-Q1
RENAISSANCE TECHNOLOGIES LLC added213,900$10M0.3%2026-Q1
Curi Capital, LLC added210,848$10M0.3%2026-Q1
Tidal Investments LLC trimmed205,152$10M0.3%2026-Q1
EMERALD MUTUAL FUND ADVISERS TRUST trimmed203,815$10M0.3%2026-Q1
VICTORY CAPITAL MANAGEMENT INC added177,283$8M0.2%2026-Q1
ROYAL BANK OF CANADA trimmed173,446$8M0.2%2026-Q1
SILVERCREST ASSET MANAGEMENT GROUP LLC trimmed169,732$8M0.2%2026-Q1
Invesco Ltd. trimmed169,453$8M0.2%2026-Q1
RHUMBLINE ADVISERS trimmed169,331$8M0.2%2026-Q1
Summit Creek Advisors LLC trimmed163,293$8M0.2%2026-Q1
CANADA PENSION PLAN INVESTMENT BOARD added158,300$7M0.2%2026-Q1
JANE STREET GROUP, LLC added155,843$7M0.2%2026-Q1
RAYMOND JAMES FINANCIAL INC added151,901$7M0.2%2026-Q1
Legal & General Group Plc trimmed144,022$7M0.2%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added141,670$7M0.2%2026-Q1
Ensign Peak Advisors, Inc added139,418$7M0.2%2026-Q1
PEREGRINE CAPITAL MANAGEMENT LLC trimmed137,314$6M0.2%2026-Q1
Clearbridge Investments, LLC added137,287$6M0.2%2026-Q1
NICHOLAS COMPANY, INC. trimmed136,106$6M0.2%2026-Q1
Point72 Asset Management, L.P. added130,200$6M0.2%2026-Q1
RENAISSANCE GROUP LLC added128,588$6M0.2%2026-Q1
VANGUARD GROUP INC trimmed7,900,882$570M15.7%2025-Q4 stale
MACQUARIE GROUP LTD added1,648,862$119M3.3%2025-Q3 stale
Junto Capital Management LP new917,910$66M1.8%2025-Q4 stale
LORD, ABBETT & CO. LLC trimmed513,788$48M1.3%2025-Q2 stale
Perpetual Ltd trimmed450,450$33M0.9%2025-Q3 stale
Hood River Capital Management LLC trimmed393,041$28M0.8%2025-Q4 stale
TWO SIGMA ADVISERS, LP added324,900$23M0.6%2025-Q4 stale
COMERICA BANK added247,503$18M0.5%2025-Q4 stale
SEGALL BRYANT & HAMILL, LLC trimmed209,160$15M0.4%2025-Q4 stale
AXIOM INVESTORS LLC /DE added197,654$14M0.4%2025-Q3 stale
COOKSON PEIRCE & CO INC added118,489$11M0.3%2025-Q2 stale
M&G PLC trimmed101,457$10M0.3%2025-Q2 stale
California Public Employees Retirement System added110,605$8M0.2%2025-Q4 stale
Pier Capital, LLC added104,763$8M0.2%2025-Q4 stale
Allspring Global Investments Holdings, LLC trimmed101,075$7M0.2%2025-Q3 stale
Cubist Systematic Strategies, LLC added84,718$7M0.2%2025-Q1 stale
NEXT CENTURY GROWTH INVESTORS LLC trimmed89,446$6M0.2%2025-Q3 stale

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership