Vanguard Capital Management Discloses New 5.08% Passive Stake in Q2 Holdings Inc (QTWO)

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, disclosing a new 5.08% ownership stake in Q2 Holdings Inc (QTWO). As of the event date on March 31, 2026, Vanguard reported beneficial ownership of 3,176,279 shares of Common Stock. This position represents a significant increase from a previously reported 0% stake, crossing the 5% regulatory threshold. According to the filing, Vanguard holds sole dispositive power over all 3,176,279 shares, while maintaining sole voting power over 476,017 shares. The filing was made under Rule 13d-1(b), indicating that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The reported holdings include securities managed by various Vanguard affiliates, such as Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd. No other single person's interest in these securities is reported to exceed 5%.