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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.	Vanguard Group Inc	6,959,454	$556,825,915	0.01%
2.	Blackrock, Inc.	5,798,268	$463,919,422	0.01%
3.	Invesco Ltd.	2,675,224	$214,044,640	0.04%
4.	Wasatch Advisors Inc	2,072,544	$165,824,245	0.93%
5.	William Blair Investment Management, Llc	1,967,187	$157,394,632	0.44%