Mar 31, 2026 filings. Quarterly 13F reports arrive up to 45 days after quarter end; this register is filed through May 29, 2026.
336 institutional managers reported holding QTWO for the quarter ended Mar 31, 2026. Together they hold about 92% of shares outstanding; the top 10 hold 46%. 59 opened new positions; 64 closed out. Complete ranked register from SEC 13F filings.
| manager | shares | % out | value (Mar 31, 2026 close) | change | held since |
|---|---|---|---|---|---|
| BlackRock | 10.04M | 14.84% | $474.5M | added +2.8% | 2014 Q2 |
| Vanguard Group | 8.10M | 11.98% | $383.2M | added +1.2% | 2014 Q2 |
| State Street | 2.50M | 3.69% | $118.0M | added +3% | 2014 Q2 |
| Conestoga Capital Advisors, LLC | 1.78M | 2.63% | $84.3M | trimmed -3.5% | 2020 Q2 |
| Tremblant Capital Group | 1.70M | 2.52% | $80.5M | trimmed -6.1% | 2018 Q4 |
| Capital Research Global Investors | 1.62M | 2.40% | $76.6M | trimmed -48.4% | 2024 Q3 |
| Geode Capital | 1.49M | 2.20% | $70.4M | unchanged | 2014 Q2 |
| Nomura Asset Management International INC. | 1.23M | 1.82% | $58.2M | trimmed -26% | 2021 Q2 |
| Assenagon Asset Management S.a. | 1.21M | 1.79% | $57.2M | added +119% | 2023 Q1 |
| American Century Companies INC | 1.11M | 1.64% | $52.3M | trimmed -5.8% | 2023 Q3 |
| Two Sigma | 1.04M | 1.53% | $49.1M | added +99.4% | 2025 Q3 |
| Dimensional Fund Advisors | 1.01M | 1.49% | $47.7M | added +34.7% | 2019 Q3 |
| Federated Hermes, INC. | 940.9k | 1.39% | $44.5M | added +36.4% | 2014 Q2 |
| Jennison Associates LLC | 894.7k | 1.32% | $42.3M | trimmed -18.4% | 2014 Q4 |
| Tensile Capital Management LP (focused) | 889.8k | 1.31% | $42.1M | added +30.9% | 2023 Q2 |
| Millennium Management | 806.5k | 1.19% | $38.1M | added +194.7% | 2016 Q3 |
| Manufacturers Life Insurance Company, THE | 698.7k | 1.03% | $33.0M | added +7.8% | 2014 Q3 |
| Algebris (UK) LTD | 695.6k | 1.03% | $32.9M | added +630.7% | 2025 Q3 |
| Goldman Sachs | 693.7k | 1.02% | $32.8M | added +34.4% | 2016 Q2 |
| Nuveen | 654.1k | 0.97% | $30.9M | added +2.5% | 2019 Q2 |
| Northern Trust | 651.7k | 0.96% | $30.8M | added +3.2% | 2014 Q2 |
| Morgan Stanley | 648.7k | 0.96% | $30.7M | trimmed -31.7% | 2014 Q2 |
| MFS Investment Management | 638.0k | 0.94% | $30.2M | added +3.5% | 2016 Q2 |
| Ameriprise Financial INC | 629.5k | 0.93% | $29.8M | added +204.2% | 2014 Q3 |
| North Reef Capital Management LP | 620.8k | 0.92% | $29.4M | trimmed -48.9% | 2022 Q2 |
| Charles Schwab Investment Management | 583.7k | 0.86% | $27.6M | trimmed -4.8% | 2014 Q2 |
| Bank OF America CORP /DE/ | 571.6k | 0.84% | $27.0M | trimmed -10.9% | 2014 Q2 |
| T. Rowe Price | 529.1k | 0.78% | $25.0M | added +2.2% | 2016 Q3 |
| Arrowstreet Capital | 516.2k | 0.76% | $24.4M | added +139.1% | 2024 Q3 |
| D. E. Shaw | 493.9k | 0.73% | $23.4M | added +892.5% | 2022 Q3 |
| Cypress Point Investment Management LP (focused) | 490.8k | 0.73% | $23.2M | added +6.6% | 2025 Q4 |
| Fort Washington Investment Advisors INC /OH/ | 488.1k | 0.72% | $23.1M | added +73% | 2025 Q4 |
| Schonfeld Strategic Advisors | 461.5k | 0.68% | $21.8M | added +869% | 2024 Q3 |
| BNY Mellon | 430.6k | 0.64% | $20.4M | trimmed -3% | 2014 Q2 |
| Qube Research & Technologies LTD | 414.4k | 0.61% | $19.6M | opened | 2023 Q4 |
| Oberweis Asset Management INC/ | 394.6k | 0.58% | $18.7M | added +17.1% | 2024 Q2 |
| AQR Capital | 387.6k | 0.57% | $18.3M | added +157.5% | 2015 Q1 |
| Rockefeller Capital Management L.p. | 351.7k | 0.52% | $16.6M | trimmed -31.6% | 2024 Q3 |
| First Trust Advisors LP | 349.3k | 0.52% | $16.5M | added +16.8% | 2016 Q2 |
| TimesSquare Capital Management, LLC | 328.3k | 0.48% | $15.5M | trimmed -10.8% | 2014 Q4 |
| Wellington Management | 324.4k | 0.48% | $15.3M | opened | 2026 Q1 |
| Emerald Advisers, LLC | 320.6k | 0.47% | $15.2M | trimmed -24% | 2023 Q4 |
| Principal Financial Group INC | 305.1k | 0.45% | $14.4M | added +2.1% | 2018 Q2 |
| William Blair Investment Management, LLC | 302.1k | 0.45% | $14.3M | trimmed -88.8% | 2024 Q4 |
| Aberdeen Group plc | 300.3k | 0.44% | $14.2M | added +1.1% | 2024 Q1 |
| Bessemer Group INC | 294.0k | 0.43% | $13.9M | trimmed -21.1% | 2023 Q2 |
| UBS | 265.6k | 0.39% | $12.6M | trimmed -55% | 2014 Q2 |
| Fifth Third Bancorp | 257.1k | 0.38% | $12.2M | added +27165.5% | 2017 Q3 |
| Citadel Advisors | 256.3k | 0.38% | $12.1M | added +164.1% | 2025 Q1 |
| Trexquant Investment LP | 252.7k | 0.37% | $11.9M | added +245.7% | 2023 Q1 |
Largest 50 of 336 shown; the full ranked, searchable register is at boothcheck.com/holders/QTWO. Related filers are grouped using the filings' own included-manager declarations. Historically, several managers opening new positions in the same quarter said almost nothing about the quarter that followed (59,118 cases since 2013). A filed record, not a forecast. Nothing here is investment advice.