Tensile Capital Management LP: Q2 HOLDINGS INC (QTWO): Quarterly 13F Position History
As of Q1 2026, Tensile Capital Management LP reported 889,767 shares of Q2 HOLDINGS INC (QTWO), worth $42.1M and representing 6.0% of its 13F equity book. Quarter-over-quarter share count change: + 210,000 (+30.9%) . The position first appeared in Q2 2023 and has been disclosed across 12 13F-HR filings in Pactolio's tracked window.
- 889,767Shares Held (Latest Filing)
- $42.1MReported Market Value (Latest Filing)
- 6.0%Portfolio Weight (% of 13F Equity Book)
- +210,000Quarter-over-Quarter Share Change
- -$7.0MQuarter-over-Quarter Value Change
- 990,017Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 12 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 889,767 | +210,000 | +30.9% | $42.1M | 6.0% | $47.3 |
| Q4 2025 | 679,767 | 100,000 | -12.8% | $49.1M | 6.4% | $72.2 |
| Q3 2025 | 779,767 | 0 | — | $56.4M | 7.1% | $72.4 |
| Q2 2025 | 779,767 | 82,000 | -9.5% | $73.0M | 8.8% | $93.6 |
| Q1 2025 | 861,767 | 6,000 | -0.7% | $69.0M | 8.8% | $80.0 |
| Q4 2024 | 867,767 | 65,000 | -7.0% | $87.3M | 9.1% | $100.7 |
| Q3 2024 | 932,767 | 0 | — | $74.4M | 8.0% | $79.8 |
| Q2 2024 | 932,767 | 0 | — | $56.3M | 6.2% | $60.3 |
| Q1 2024 | 932,767 | 57,250 | -5.8% | $49.0M | 5.4% | $52.6 |
| Q4 2023 | 990,017 | +103,500 | +11.7% | $43.0M | 5.0% | $43.4 |
| Q3 2023 | 886,517 | +602,273 | +211.9% | $28.6M | 3.6% | $32.3 |
| Q2 2023 | 284,244 | — | — | $8.8M | 1.1% | $30.9 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Tensile Capital Management LP first disclose a QTWO position in 13F-HR filings?
Tensile Capital Management LP first reported Q2 HOLDINGS INC (QTWO) on its 13F-HR filing for the period ending 2023-06-30 (Q2 2023). The position has appeared on 12 reported quarters within Pactolio's tracked window.
What was Tensile Capital Management LP's most recent quarter-over-quarter share-count change in QTWO?
Between Q4 2025 and Q1 2026, Tensile Capital Management LP added 210,000 shares of QTWO (+30.9%), bringing the total reported position to 889,767 shares at a market value of $42.1M.
Does the implied price-per-share represent Tensile Capital Management LP's cost basis in QTWO?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.