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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 7,038,167 | $333M | 9.2% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 4,858,839 | $230M | 6.3% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 2,700,262 | $128M | 3.5% | 2026-Q1 |
| STATE STREET CORP added | 2,495,836 | $118M | 3.2% | 2026-Q1 |
| Conestoga Capital Advisors, LLC trimmed | 1,782,715 | $84M | 2.3% | 2026-Q1 |
| TREMBLANT CAPITAL GROUP trimmed | 1,702,976 | $81M | 2.2% | 2026-Q1 |
| Capital Research Global Investors trimmed | 1,620,408 | $77M | 2.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,488,204 | $70M | 1.9% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 1,230,840 | $58M | 1.6% | 2026-Q1 |
| Assenagon Asset Management S.A. added | 1,210,419 | $57M | 1.6% | 2026-Q1 |
| NORGES BANK added | 714,112 | $57M | 1.6% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 1,107,101 | $52M | 1.4% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 1,038,312 | $49M | 1.4% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 1,009,773 | $48M | 1.3% | 2026-Q1 |
| FEDERATED HERMES, INC. added | 940,911 | $45M | 1.2% | 2026-Q1 |
| JENNISON ASSOCIATES LLC trimmed | 894,749 | $42M | 1.2% | 2026-Q1 |
| Tensile Capital Management LP added | 889,767 | $42M | 1.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 806,549 | $38M | 1.0% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 698,693 | $33M | 0.9% | 2026-Q1 |
| ALGEBRIS (UK) LTD added | 695,593 | $33M | 0.9% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 693,694 | $33M | 0.9% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 637,989 | $31M | 0.9% | 2026-Q1 |
| Nuveen, LLC added | 654,094 | $31M | 0.9% | 2026-Q1 |
| NORTHERN TRUST CORP added | 651,726 | $31M | 0.8% | 2026-Q1 |
| MORGAN STANLEY trimmed | 648,689 | $31M | 0.8% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 629,505 | $30M | 0.8% | 2026-Q1 |
| North Reef Capital Management LP trimmed | 620,814 | $29M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 583,653 | $28M | 0.8% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 586,420 | $27M | 0.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 571,650 | $27M | 0.7% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 529,073 | $25M | 0.7% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 516,246 | $24M | 0.7% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 493,919 | $23M | 0.6% | 2026-Q1 |
| CYPRESS POINT INVESTMENT MANAGEMENT LP added | 490,791 | $23M | 0.6% | 2026-Q1 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ added | 488,080 | $23M | 0.6% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC added | 461,470 | $22M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 432,735 | $20M | 0.6% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 430,562 | $20M | 0.6% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 414,389 | $20M | 0.5% | 2026-Q1 |
| OBERWEIS ASSET MANAGEMENT INC/ added | 394,629 | $19M | 0.5% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 383,155 | $18M | 0.5% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 351,694 | $17M | 0.5% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 349,322 | $17M | 0.5% | 2026-Q1 |
| TimesSquare Capital Management, LLC trimmed | 328,270 | $16M | 0.4% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 324,409 | $15M | 0.4% | 2026-Q1 |
| EMERALD ADVISERS, LLC trimmed | 320,580 | $15M | 0.4% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 305,133 | $14M | 0.4% | 2026-Q1 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC trimmed | 302,134 | $14M | 0.4% | 2026-Q1 |
| Aberdeen Group plc added | 300,313 | $14M | 0.4% | 2026-Q1 |
| BESSEMER GROUP INC trimmed | 293,972 | $14M | 0.4% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 257,114 | $12M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 256,283 | $12M | 0.3% | 2026-Q1 |
| Trexquant Investment LP added | 252,715 | $12M | 0.3% | 2026-Q1 |
| BROWN CAPITAL MANAGEMENT LLC trimmed | 252,699 | $12M | 0.3% | 2026-Q1 |
| FMR LLC added | 246,574 | $12M | 0.3% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 238,175 | $11M | 0.3% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 234,625 | $11M | 0.3% | 2026-Q1 |
| Handelsbanken Fonder AB trimmed | 229,316 | $11M | 0.3% | 2026-Q1 |
| Public Sector Pension Investment Board added | 223,300 | $11M | 0.3% | 2026-Q1 |
| Squarepoint Ops LLC trimmed | 221,812 | $10M | 0.3% | 2026-Q1 |
| BROWN ADVISORY INC new | 220,600 | $10M | 0.3% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 219,391 | $10M | 0.3% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 213,900 | $10M | 0.3% | 2026-Q1 |
| Curi Capital, LLC added | 210,848 | $10M | 0.3% | 2026-Q1 |
| Tidal Investments LLC trimmed | 205,152 | $10M | 0.3% | 2026-Q1 |
| EMERALD MUTUAL FUND ADVISERS TRUST trimmed | 203,815 | $10M | 0.3% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 177,283 | $8M | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 173,446 | $8M | 0.2% | 2026-Q1 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC trimmed | 169,732 | $8M | 0.2% | 2026-Q1 |
| Invesco Ltd. trimmed | 169,453 | $8M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 169,331 | $8M | 0.2% | 2026-Q1 |
| Summit Creek Advisors LLC trimmed | 163,293 | $8M | 0.2% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 158,300 | $7M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 155,843 | $7M | 0.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 151,901 | $7M | 0.2% | 2026-Q1 |
| Legal & General Group Plc trimmed | 144,022 | $7M | 0.2% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 141,670 | $7M | 0.2% | 2026-Q1 |
| Ensign Peak Advisors, Inc added | 139,418 | $7M | 0.2% | 2026-Q1 |
| PEREGRINE CAPITAL MANAGEMENT LLC trimmed | 137,314 | $6M | 0.2% | 2026-Q1 |
| Clearbridge Investments, LLC added | 137,287 | $6M | 0.2% | 2026-Q1 |
| NICHOLAS COMPANY, INC. trimmed | 136,106 | $6M | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 130,200 | $6M | 0.2% | 2026-Q1 |
| RENAISSANCE GROUP LLC added | 128,588 | $6M | 0.2% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 7,900,882 | $570M | 15.7% | 2025-Q4 stale |
| MACQUARIE GROUP LTD added | 1,648,862 | $119M | 3.3% | 2025-Q3 stale |
| Junto Capital Management LP new | 917,910 | $66M | 1.8% | 2025-Q4 stale |
| LORD, ABBETT & CO. LLC trimmed | 513,788 | $48M | 1.3% | 2025-Q2 stale |
| Perpetual Ltd trimmed | 450,450 | $33M | 0.9% | 2025-Q3 stale |
| Hood River Capital Management LLC trimmed | 393,041 | $28M | 0.8% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP added | 324,900 | $23M | 0.6% | 2025-Q4 stale |
| COMERICA BANK added | 247,503 | $18M | 0.5% | 2025-Q4 stale |
| SEGALL BRYANT & HAMILL, LLC trimmed | 209,160 | $15M | 0.4% | 2025-Q4 stale |
| AXIOM INVESTORS LLC /DE added | 197,654 | $14M | 0.4% | 2025-Q3 stale |
| COOKSON PEIRCE & CO INC added | 118,489 | $11M | 0.3% | 2025-Q2 stale |
| M&G PLC trimmed | 101,457 | $10M | 0.3% | 2025-Q2 stale |
| California Public Employees Retirement System added | 110,605 | $8M | 0.2% | 2025-Q4 stale |
| Pier Capital, LLC added | 104,763 | $8M | 0.2% | 2025-Q4 stale |
| Allspring Global Investments Holdings, LLC trimmed | 101,075 | $7M | 0.2% | 2025-Q3 stale |
| Cubist Systematic Strategies, LLC added | 84,718 | $7M | 0.2% | 2025-Q1 stale |
| NEXT CENTURY GROWTH INVESTORS LLC trimmed | 89,446 | $6M | 0.2% | 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.
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.