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Q2 Holdings Inc. (QTWO)

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Institutional Investors' Holdings

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No.	Name	Shares	Value	% Port
1.	Conestoga Capital Advisors, Llc	1,957,893	$156,651,019	2.36%
2.	Assenagon Asset Management S.a.	954,979	$76,407,870	0.13%
3.	Rhumbline Advisers	87,324	$6,986,778	0.01%
4.	Contravisory Investment Management, Inc.	5,979	$478,380	0.1%
5.	Accel Wealth Management	4,025	$322,040	0.12%