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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 $815.0M 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
+5.73M (+12.3%) vs. Q3 2025
Total value
$937.8M
+$61.8M (+7.1%) vs. Q3 2025
New holders
57
134 more added
Sold out
33
97 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: $937.8M
Q1 2021: $509.7MQ2 2021: $537.2MQ3 2021: $511.5MQ4 2021: $515.4MQ1 2022: $537.2MQ2 2022: $410.2MQ3 2022: $364.1MQ4 2022: $434.2MQ1 2023: $403.7MQ2 2023: $418.2MQ3 2023: $482.0MQ4 2023: $535.2MQ1 2024: $618.4MQ2 2024: $671.2MQ3 2024: $640.1MQ4 2024: $760.4MQ1 2025: $774.9MQ2 2025: $843.8MQ3 2025: $882.3MQ4 2025: $937.8MQ1 2026: $744.0MQ2 2026: $815.0M
Institutions holding HTGC and their total value by quarter
QuarterHoldersValue
Q2 2026332$815.0M
Q1 2026349$744.0M
Q4 2025354$937.8M
Q3 2025343$882.3M
Q2 2025326$843.8M
Q1 2025326$774.9M
Q4 2024334$760.4M
Q3 2024299$640.1M
Q2 2024288$671.2M
Q1 2024294$618.4M
Q4 2023290$535.2M
Q3 2023266$482.0M
Q2 2023249$418.2M
Q1 2023257$403.7M
Q4 2022263$434.2M
Q3 2022237$364.1M
Q2 2022249$410.2M
Q1 2022241$537.2M
Q4 2021246$515.4M
Q3 2021219$511.5M
Q2 2021214$537.2M
Q1 2021213$509.7M

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
Pandowealth. LLC2,507,600$00.00%+2,507,600New
Navalign, LLC0$30.00%0New
Danske Bank A/S4$750.00%+2+100.0%Added
Tucker Asset Management LLC20$3760.00%+20New
Luminist Capital LLC25$4710.00%00.0%Unchanged
CoreCap Advisors, LLC33$6180.00%+1+3.1%Added
Hager Investment Management Services, LLC52$9790.00%+1+2.0%Added
West Financial Advisors, LLC55$1.03K0.00%+2+3.8%Added
Quest 10 Wealth Builders, Inc.57$1.08K0.00%00.0%Unchanged
Elequin Capital LP73$1.37K0.00%+73New
Rothschild Investment LLC100$1.88K0.00%00.0%Unchanged
Nisa Investment Advisors, LLC174$3.27K0.00%00.0%Unchanged
SWAN Capital LLC189$3.56K0.00%00.0%Unchanged
TD Waterhouse Canada Inc.200$3.76K0.00%00.0%Unchanged
William B. Walkup & Associates, Inc.229$4.31K0.00%00.0%Unchanged
Signature Resources Capital Management, LLC275$5.18K0.00%00.0%Unchanged
VSM Wealth Advisory, LLC300$5.65K0.00%00.0%Unchanged
JNBA Financial Advisors329$6.19K0.00%00.0%Unchanged
McGuire Capital Advisors Inc348$6.55K0.00%+348New
Comerica Bank396$7.45K0.00%−5,030−92.7%Reduced
Glen Eagle Advisors, LLC400$7.53K0.00%+300+300.0%Added
PFS Partners, LLC413$7.77K0.00%00.0%Unchanged
SJS Investment Consulting Inc.500$9.41K0.00%+500New
Alerus Financial NA517$9.73K0.00%00.0%Unchanged
Rossby Financial, LCC518$9.75K0.00%−969−65.2%Reduced
LM Advisors LLC205$10.9K0.22%−10,695−98.1%Reduced
Hantz Financial Services, Inc.600$11.0K0.00%+600New
Bank of New Hampshire600$11.3K0.00%00.0%Unchanged
Community Bank, N.A.625$11.8K0.00%00.0%Unchanged
Valley National Advisers Inc656$12.0K0.00%00.0%Unchanged
Gilpin Wealth Management, LLC723$13.6K0.01%+723New
Asset Dedication, LLC756$14.2K0.00%00.0%Unchanged
CWM, LLC771$15.0K0.00%+51+7.1%Added
Quarry LP804$15.1K0.00%+804New
WealthCollab, LLC836$15.7K0.01%00.0%Unchanged
Sofos Investments, Inc.900$16.9K0.00%00.0%Unchanged
NBC Securities, Inc.960$18.1K0.00%+250+35.2%Added
Hilton Head Capital Partners, LLC965$18.2K0.01%+965New
Investors Research Corp1,000$18.8K0.00%+1,000New
Clark Wealth Partners1,046$19.7K0.01%00.0%Unchanged
Caitong International Asset Management Co., Ltd1,128$21.2K0.01%+1,128New
GWM Advisors LLC1,132$21.3K0.00%−14,662−92.8%Reduced
Russell Investments Group, Ltd.1,187$22.3K0.00%+667+128.3%Added
Spire Wealth Management1,205$22.7K0.00%−160−11.7%Reduced
Ancora Advisors, LLC1,250$23.5K0.00%00.0%Unchanged
UBS Asset Management Americas Inc1,457$27.4K0.00%+1,457New
HHM Wealth Advisors, LLC1,500$28.2K0.00%00.0%Unchanged
Cornerstone Planning Group LLC1,578$29.2K0.00%+1,578New
Caitlin John, LLC1,560$29.4K0.02%+35+2.3%Added
Chesapeake Asset Management LLC1,576$29.7K0.02%−774−32.9%Reduced
Citigroup Inc1,657$31.2K0.00%+1,656+165,600.0%Added
Assetmark, Inc1,786$33.6K0.00%00.0%Unchanged
Financial Consulate, Inc1,845$34.7K0.00%00.0%Unchanged
Northwestern Mutual Wealth Management Co1,884$35.5K0.00%+1,000+113.1%Added
Orion Capital Management LLC2,000$37.6K0.01%00.0%Unchanged
Clear Street Markets LLC2,000$37.6K0.01%+1,400+233.3%Added
Atlantic Union Bankshares Corp2,017$38.0K0.00%00.0%Unchanged
Optiver Holding B.V.2,020$38.0K0.00%00.0%Unchanged
Archer Investment Corp2,038$38.4K0.01%+3+0.1%Added
Delta Asset Management LLC2,221$41.8K0.00%−30−1.3%Reduced
Estabrook Capital Management2,397$45.1K0.01%+395+19.7%Added
Hollencrest Capital Management2,522$47.5K0.00%00.0%Unchanged
Nomura Asset Management Co Ltd2,806$52.8K0.00%−11,351−80.2%Reduced
Harbour Investments, Inc.2,806$52.8K0.00%−1,160−29.2%Reduced
Bank Julius Baer & Co. Ltd, Zurich2,811$52.9K0.00%+71+2.6%Added
Whittier Trust Co of Nevada Inc2,844$52.9K0.00%+2,844New
MTM Investment Management, LLC2,900$54.6K0.02%00.0%Unchanged
Jefferies Financial Group Inc.2,977$56.0K0.00%+1,585+113.9%Added
WFA of San Diego, LLC3,000$56.5K0.04%00.0%Unchanged
Sankala Group LLC4,023$57.2K0.05%+4,023New
ZRC Wealth Management, LLC3,181$59.9K0.02%+70+2.3%Added
EverSource Wealth Advisors, LLC3,322$62.5K0.00%+3,000+931.7%Added
Private Trust Co NA3,381$63.6K0.01%00.0%Unchanged
Kozak & Associates, Inc.3,515$65.3K0.01%+78+2.3%Added
Security National Bank3,508$66.0K0.01%−845−19.4%Reduced
Brown, Lisle/Cummings, Inc.3,811$71.7K0.02%00.0%Unchanged
Tradewinds Capital Management, LLC3,893$73.3K0.02%+87+2.3%Added
Ronald Blue Trust, Inc.4,020$75.7K0.00%+20+0.5%Added
Advocate Investing Services LLC4,240$79.8K0.07%+4,240New
Garton & Associates Financial Advisors LLC4,265$80.3K0.04%+4,265New
Caldwell Sutter Capital, Inc.4,586$86.3K0.04%+445+10.7%Added
MAI Capital Management5,024$94.5K0.00%00.0%Unchanged
CX Institutional5,094$96.0K0.00%−16,763−76.7%Reduced
Armstrong Advisory Group, Inc5,261$99.0K0.01%+2,424+85.4%Added
Chilton Capital Management LLC5,500$103.5K0.00%−3,405−38.2%Reduced
Signaturefd, LLC5,672$106.7K0.00%+824+17.0%Added
Allworth Financial LP5,713$107.5K0.00%−939−14.1%Reduced
Huntington National Bank5,784$108.9K0.00%00.0%Unchanged
Annis Gardner Whiting Capital Advisors, LLC6,055$114.0K0.02%−650−9.7%Reduced
Geneos Wealth Management Inc.6,475$121.9K0.00%00.0%Unchanged
Ameriflex Group, Inc.6,549$123.3K0.06%+6,549New
Cedar Wealth Management, LLC6,559$123.4K0.04%−2,400−26.8%Reduced
Bayforest Capital Ltd7,241$136.3K0.10%+7,241New
Leonteq Securities AG7,500$141.2K0.01%00.0%Unchanged
State of Alaska, Department of Revenue7,821$147.0K0.00%+321+4.3%Added
Federation des caisses Desjardins du Quebec8,075$151.9K0.00%−2,500−23.6%Reduced
Key Capital Management, INC8,343$157.0K0.16%+8,343New
Jones Financial Companies LLLP8,490$159.8K0.00%+792+10.3%Added
IFP Advisors, Inc9,138$172.0K0.00%+97+1.1%Added
Triumph Capital Management9,605$180.8K0.04%+9,605New