Vanguard Discloses 6.0% Stake in QCR Holdings Inc.

TL;DR

**Vanguard still owns 6.0% of QCR Holdings, showing continued institutional interest.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its ownership of 1,029,901 shares of QCR Holdings Inc. common stock as of December 29, 2023. This represents a 6.0% beneficial ownership stake in the regional bank. This filing is important for investors as it shows a significant institutional investor maintains a substantial position in QCR Holdings, potentially signaling confidence in the company's long-term prospects.

Why It Matters

This filing confirms that a major institutional investor, The Vanguard Group, holds a significant stake in QCR Holdings, which can influence investor perception and stock stability.

Risk Assessment

Risk Level: low — This filing is an update on an existing passive investment, indicating no immediate change in company control or strategy, thus posing low risk.

Analyst Insight

Investors should note that a major institutional player like Vanguard maintains a significant, passive stake in QCR Holdings, which could be a sign of long-term stability rather than an immediate catalyst for price movement. This filing doesn't suggest any imminent strategic changes, so it's more of a confirmation of existing institutional interest.

Key Numbers

• 1,029,901 — Shares Owned (The number of QCR Holdings Inc. common shares beneficially owned by The Vanguard Group.)
• 6.0% — Ownership Percentage (The percentage of QCR Holdings Inc. common stock beneficially owned by The Vanguard Group.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• QCR Holdings Inc. (company) — subject company, a state commercial bank
• 1,029,901 (dollar_amount) — number of shares beneficially owned by Vanguard
• 6.0% (dollar_amount) — percentage of QCR Holdings Inc. common stock owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain its passive investment in QCR Holdings Inc. for the foreseeable future. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv01763-qcrholdingsinc.htm (SC 13G/A) — 11KB
• 0001104659-24-021777.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: QCR Holdings Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 3551 7th Street Moline, IL 61265

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 74727A104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR