Pembroke Management, LTD disclosed in a May 13, 2026, SEC filing that it sold 251,249 shares of Q2 Holdings (NYSE:QTWO), an estimated $14.16 million trade based on the quarterly average price.
What happened According to a SEC filing dated May 13, 2026, Pembroke Management, LTD reduced its position in Q2 Holdings by 251,249 shares during the first quarter
The estimated value of these sales is $14.16 million, calculated using the average closing price for the quarter. The fund’s remaining stake was valued at $4.35 million as of March 31, 2026. The net position change for the quarter, including both the reduction in shares and price movement, was a decrease of $20.41 million.
What else to know This was a reduction in holdings; Q2 Holdings now represents 0.63% of Pembroke Management, LTD’s 13F reportable AUM. Top holdings after the filing: – NASDAQ: MPWR: $37.61 million (5.4% of AUM) – NYSE: REZI: $37.59 million (5.4% of AUM) – NYSE: MOD: $35.95 million (5.2% of AUM) – NASDAQ: AAON: $35.59 million (5.1% of AUM) – NYSE: GMED: $35.20 million (5.1% of AUM) As of May 13, 2026, shares of Q2 Holdings were priced at $44.70, down 51.8% over the past year and underperforming the S&P 500 by 78.26 percentage points. Company overview Company snapshot – Offers a suite of cloud-based digital banking solutions, including consumer and commercial banking platforms, security analytics, remote deposit capture, bill payment, and digital account opening tools. – Serves regional and community financial institutions across the United States, targeting banks and credit unions seeking advanced digital banking capabilities. – Operates a software-as-a-service (SaaS) business model, generating recurring revenue from its institutional client base.