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Hercules Capital, Inc.

HTGC
Exchange
NYSE
SEC CIK
0001280784

No open-market purchases or sales by Hercules Capital, Inc. insiders were filed in the last 90 days; 332 institutions reported holding it in 13F filings for Q2 2026, worth $834.9M in total; no superinvestor holds it.

Other share classesHCXY

13F holders, Q4 2025

Institutional positions in Hercules Capital, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
354
+24 vs. Q3 2025
Shares held
52.4M
+5.36M (+11.4%) vs. Q3 2025
Total value
$1.02B
+$33.7M (+3.4%) vs. Q3 2025
New holders
57
135 more added
Sold out
33
96 more reduced

13 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting HTGC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 354 institutions
Q1 2021: 213 institutionsQ2 2021: 214 institutionsQ3 2021: 219 institutionsQ4 2021: 246 institutionsQ1 2022: 241 institutionsQ2 2022: 249 institutionsQ3 2022: 237 institutionsQ4 2022: 263 institutionsQ1 2023: 257 institutionsQ2 2023: 249 institutionsQ3 2023: 266 institutionsQ4 2023: 290 institutionsQ1 2024: 294 institutionsQ2 2024: 288 institutionsQ3 2024: 299 institutionsQ4 2024: 334 institutionsQ1 2025: 326 institutionsQ2 2025: 326 institutionsQ3 2025: 343 institutionsQ4 2025: 354 institutionsQ1 2026: 349 institutionsQ2 2026: 332 institutions
Value heldQ4 2025: $1.02B
Q1 2021: $510.3MQ2 2021: $537.2MQ3 2021: $511.5MQ4 2021: $515.6MQ1 2022: $537.8MQ2 2022: $410.2MQ3 2022: $364.3MQ4 2022: $437.8MQ1 2023: $405.6MQ2 2023: $420.3MQ3 2023: $482.0MQ4 2023: $562.3MQ1 2024: $670.7MQ2 2024: $679.8MQ3 2024: $646.1MQ4 2024: $762.0MQ1 2025: $775.1MQ2 2025: $955.2MQ3 2025: $992.5MQ4 2025: $1.02BQ1 2026: $744.0MQ2 2026: $834.9M
Institutions holding HTGC and their total value by quarter
QuarterHoldersValue
Q2 2026332$834.9M
Q1 2026349$744.0M
Q4 2025354$1.02B
Q3 2025343$992.5M
Q2 2025326$955.2M
Q1 2025326$775.1M
Q4 2024334$762.0M
Q3 2024299$646.1M
Q2 2024288$679.8M
Q1 2024294$670.7M
Q4 2023290$562.3M
Q3 2023266$482.0M
Q2 2023249$420.3M
Q1 2023257$405.6M
Q4 2022263$437.8M
Q3 2022237$364.3M
Q2 2022249$410.2M
Q1 2022241$537.8M
Q4 2021246$515.6M
Q3 2021219$511.5M
Q2 2021214$537.2M
Q1 2021213$510.3M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Hercules Capital, Inc.; share changes are against Q3 2025.

Institutions holding HTGC in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Union Bancaire Privee, UBP SA27,808$81.2M0.96%−7,973−22.3%Reduced
Van Eck Associates Corp3,458,277$65.1M0.05%−188,907−5.2%Reduced
Sound Income Strategies, LLC2,703,275$51.1M2.42%−49,592−1.8%Reduced
Two Sigma Advisers, LP1,922,200$36.2M0.07%−34,200−1.7%Reduced
LPL Financial LLC1,823,405$34.3M0.01%+29,292+1.6%Added
UBS Group AG1,671,860$31.5M0.01%+353,092+26.8%Added
Two Sigma Investments, LP1,616,456$30.4M0.05%+288,440+21.7%Added
Qube Research & Technologies Ltd1,526,526$28.7M0.04%+499,252+48.6%Added
Millennium Management LLC1,392,476$26.2M0.02%+30,114+2.2%Added
Legal & General Group Plc1,382,084$26.0M0.01%+209,854+17.9%Added
Muzinich & Co., Inc.1,335,787$25.1M7.90%+342,967+34.5%Added
BlackRock, Inc.1,333,016$25.1M0.00%−6,021−0.4%Reduced
Morgan Stanley1,114,173$21.0M0.00%−59,453−5.1%Reduced
Sumitomo Mitsui Trust Holdings, Inc.1,018,759$19.2M0.01%+133,813+15.1%Added
Franklin Resources Inc975,355$18.4M0.00%+46,726+5.0%Added
Advisors Capital Management, LLC828,258$15.6M0.18%+34,007+4.3%Added
D. E. Shaw & Co., Inc.825,537$15.5M0.01%+309,175+59.9%Added
Melia Wealth LLC802,185$15.1M6.98%−11,355−1.4%Reduced
Tectonic Advisors LLC759,746$14.3M0.75%+70,235+10.2%Added
Wells Fargo & Company740,481$13.9M0.00%−16,573−2.2%Reduced
Voloridge Investment Management, LLC707,651$13.3M0.05%+128,790+22.2%Added
Raymond James Financial Inc691,064$13.0M0.00%−14,905−2.1%Reduced
Royal Bank of Canada643,770$12.1M0.00%−116,787−15.4%Reduced
Stifel Financial Corp607,140$11.4M0.01%+40,402+7.1%Added
Gilman Hill Asset Management, LLC580,440$10.9M1.72%−3,611−0.6%Reduced
Point72 Asset Management, L.P.557,660$10.5M0.02%+482,260+639.6%Added
Citadel Advisors LLC472,139$8.89M0.01%−431,996−47.8%Reduced
HRT Financial LP441,316$8.30M0.03%−52,619−10.7%Reduced
Trexquant Investment LP402,892$7.58M0.07%+22,372+5.9%Added
Border to Coast Pensions Partnership Ltd400,000$7.54M0.13%+25,000+6.7%Added
Ameriprise Financial Inc385,996$7.26M0.00%+96,983+33.6%Added
Advisors Asset Management, Inc.364,211$6.85M0.12%−27,418−7.0%Reduced
Jump Financial, LLC361,092$6.80M0.09%+214,917+147.0%Added
Schonfeld Strategic Advisors LLC360,446$6.78M0.03%+143,117+65.9%Added
Jane Street Group, LLC358,937$6.76M0.01%+299,807+507.0%Added
JPMorgan Chase & Co320,215$6.03M0.00%−518,961−61.8%Reduced
Marshall Wace, LLP312,719$5.89M0.01%−279,523−47.2%Reduced
D.A. Davidson & Co.309,211$5.82M0.04%+9,072+3.0%Added
Neuberger Berman Group LLC302,845$5.70M0.00%−18,900−5.9%Reduced
Left Brain Wealth Management, LLC295,753$5.57M1.93%+4,870+1.7%Added
Confluence Investment Management LLC289,789$5.45M0.08%−12,724−4.2%Reduced
Janney Montgomery Scott LLC255,335$4.80M0.01%−32,210−11.2%Reduced
Prevail Innovative Wealth Advisors, LLC239,614$4.51M0.81%+132,466+123.6%Added
The PNC Financial Services Group, Inc.234,058$4.40M0.00%−34,260−12.8%Reduced
Denali Advisors LLC233,249$4.39M0.49%−32,327−12.2%Reduced
Commonwealth Equity Services, LLC220,042$4.14M0.01%−8,627−3.8%Reduced
Great West Life Assurance Co215,596$4.06M0.01%+9,255+4.5%Added
Cetera Investment Advisers215,036$4.05M0.00%+3,694+1.7%Added
State Street Corp213,833$4.02M0.00%+40,768+23.6%Added
Quantbot Technologies LP213,689$4.02M0.13%+80,792+60.8%Added
BNP Paribas Arbitrage, SA207,439$3.90M0.00%+128,013+161.2%Added
Bank of America Corp205,420$3.87M0.00%+59,902+41.2%Added
Goldman Sachs Group Inc205,311$3.86M0.00%−16,442−7.4%Reduced
Ares Management LLC201,606$3.79M0.22%00.0%Unchanged
Northern Trust Corp201,385$3.79M0.00%−13,654−6.3%Reduced
Cerity Partners LLC197,961$3.73M0.01%+169,368+592.3%Added
S&T Bank197,893$3.72M1.18%−51,123−20.5%Reduced
Blair William & Co195,593$3.68M0.01%−7,612−3.7%Reduced
Naviter Wealth, LLC193,963$3.65M0.48%−15,042−7.2%Reduced
XTX Topco Ltd193,304$3.64M0.10%+193,304New
Waterloo Capital, L.P.185,319$3.49M0.25%+27,266+17.3%Added
Financial Advisory Service, Inc.182,746$3.44M0.22%−2,300−1.2%Reduced
Truvestments Capital LLC181,726$3.42M0.62%−6,892−3.7%Reduced
Barclays PLC176,373$3.32M0.00%−26,554−13.1%Reduced
Walleye Trading LLC171,395$3.23M0.05%+156,924+1,084.4%Added
FJ Capital Management LLC169,984$3.20M0.35%−34,007−16.7%Reduced
Cambridge Investment Research Advisors, Inc.167,690$3.16M0.01%+222+0.1%Added
Taylor Frigon Capital Management LLC163,288$3.07M1.56%+8,874+5.7%Added
Deutsche Bank AG141,281$2.66M0.00%+535+0.4%Added
Rockefeller Capital Management L.P.140,996$2.65M0.00%+20.0%Added
Private Advisor Group, LLC135,477$2.55M0.01%+9,666+7.7%Added
Engineers Gate Manager LP132,688$2.50M0.03%−24,610−15.6%Reduced
Sage Advisors, LLC119,974$2.26M1.50%+61,944+106.7%Added
Natixis118,377$2.23M0.01%+214+0.2%Added
Verition Fund Management LLC116,530$2.19M0.01%+79,103+211.4%Added
Bank of New York Mellon Corp113,607$2.14M0.00%+94,364+490.4%Added
CIBC Private Wealth Group, LLC111,276$2.09M0.00%00.0%Unchanged
PFG Investments, LLC111,111$2.09M0.10%−1,072−1.0%Reduced
Steward Partners Investment Advisory, LLC109,897$2.07M0.01%−2,059−1.8%Reduced
DnB Asset Management AS107,922$2.03M0.01%−6,270−5.5%Reduced
Centaurus Financial, Inc.106,394$2.00M0.09%+68,575+181.3%Added
Triad Investment Management104,063$1.96M1.98%+104,063New
Wealth Enhancement Advisory Services, LLC102,959$1.92M0.00%+13,384+14.9%Added
Brevan Howard Capital Management LP100,713$1.90M0.04%+12,347+14.0%Added
Sharpepoint LLC100,621$1.89M1.13%+12,285+13.9%Added
Advisor Group Holdings, Inc.99,697$1.88M0.00%−14,190−12.5%Reduced
Nations Financial Group Inc,98,337$1.85M0.10%+1,647+1.7%Added
Kestra Private Wealth Services, LLC97,735$1.84M0.02%−3,809−3.8%Reduced
Pennington Partners & Co., LLC96,700$1.82M0.73%00.0%Unchanged
Capital Advisory Group Advisory Services, LLC91,125$1.71M0.50%−1,361−1.5%Reduced
Legacy Capital Wealth Partners, LLC89,597$1.69M0.36%+7,935+9.7%Added
IHT Wealth Management, LLC86,883$1.64M0.04%+2,806+3.3%Added
Lansforsakringar Fondforvaltning AB (publ)83,979$1.58M0.01%+83,979New
CI Private Wealth, LLC82,640$1.55M0.00%+30,553+58.7%Added
International Assets Investment Management, LLC109,555$1.53M0.10%+30,000+37.7%Added
Invesco Ltd.79,650$1.50M0.00%+35,722+81.3%Added
Toroso Investments, LLC78,874$1.48M0.01%−4,240−5.1%Reduced
Delphi Management Inc78,512$1.48M1.44%+3,818+5.1%Added
Creegan & Nassoura Financial Group, LLC78,420$1.48M0.96%−1,250−1.6%Reduced
Credit Agricole S A77,368$1.46M0.00%−201,352−72.2%Reduced