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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
Ares Management LLC201,606$3.79M0.22%00.0%Unchanged
Goldman Sachs Group Inc205,311$3.86M0.00%−16,442−7.4%Reduced
Bank of America Corp205,420$3.87M0.00%+59,902+41.2%Added
BNP Paribas Arbitrage, SA207,439$3.90M0.00%+128,013+161.2%Added
Quantbot Technologies LP213,689$4.02M0.13%+80,792+60.8%Added
State Street Corp213,833$4.02M0.00%+40,768+23.6%Added
Cetera Investment Advisers215,036$4.05M0.00%+3,694+1.7%Added
Great West Life Assurance Co215,596$4.06M0.01%+9,255+4.5%Added
Commonwealth Equity Services, LLC220,042$4.14M0.01%−8,627−3.8%Reduced
Denali Advisors LLC233,249$4.39M0.49%−32,327−12.2%Reduced
The PNC Financial Services Group, Inc.234,058$4.40M0.00%−34,260−12.8%Reduced
Prevail Innovative Wealth Advisors, LLC239,614$4.51M0.81%+132,466+123.6%Added
Janney Montgomery Scott LLC255,335$4.80M0.01%−32,210−11.2%Reduced
Confluence Investment Management LLC289,789$5.45M0.08%−12,724−4.2%Reduced
Left Brain Wealth Management, LLC295,753$5.57M1.93%+4,870+1.7%Added
Neuberger Berman Group LLC302,845$5.70M0.00%−18,900−5.9%Reduced
D.A. Davidson & Co.309,211$5.82M0.04%+9,072+3.0%Added
Marshall Wace, LLP312,719$5.89M0.01%−279,523−47.2%Reduced
JPMorgan Chase & Co320,215$6.03M0.00%−99,373−23.7%Reduced
Jane Street Group, LLC358,937$6.76M0.01%+299,807+507.0%Added
Schonfeld Strategic Advisors LLC360,446$6.78M0.03%+143,117+65.9%Added
Jump Financial, LLC361,092$6.80M0.09%+214,917+147.0%Added
Advisors Asset Management, Inc.364,211$6.85M0.12%−27,418−7.0%Reduced
Ameriprise Financial Inc385,996$7.26M0.00%+96,983+33.6%Added
Border to Coast Pensions Partnership Ltd400,000$7.54M0.13%+25,000+6.7%Added
Trexquant Investment LP402,892$7.58M0.07%+22,372+5.9%Added
HRT Financial LP441,316$8.30M0.03%−52,619−10.7%Reduced
Citadel Advisors LLC472,139$8.89M0.01%−431,996−47.8%Reduced
Point72 Asset Management, L.P.557,660$10.5M0.02%+482,260+639.6%Added
Gilman Hill Asset Management, LLC580,440$10.9M1.72%−3,611−0.6%Reduced
Stifel Financial Corp607,140$11.4M0.01%+40,402+7.1%Added
Royal Bank of Canada643,770$12.1M0.00%−116,787−15.4%Reduced
Raymond James Financial Inc691,064$13.0M0.00%−14,905−2.1%Reduced
Voloridge Investment Management, LLC707,651$13.3M0.05%+128,790+22.2%Added
Wells Fargo & Company740,481$13.9M0.00%−16,573−2.2%Reduced
Tectonic Advisors LLC759,746$14.3M0.75%+70,235+10.2%Added
Melia Wealth LLC802,185$15.1M6.98%−11,355−1.4%Reduced
D. E. Shaw & Co., Inc.825,537$15.5M0.01%+309,175+59.9%Added
Advisors Capital Management, LLC828,258$15.6M0.18%+34,007+4.3%Added
Franklin Resources Inc975,355$18.4M0.00%+46,726+5.0%Added
Sumitomo Mitsui Trust Holdings, Inc.1,018,759$19.2M0.01%+133,813+15.1%Added
Morgan Stanley1,114,173$21.0M0.00%−59,453−5.1%Reduced
BlackRock, Inc.1,333,016$25.1M0.00%−6,021−0.4%Reduced
Muzinich & Co., Inc.1,335,787$25.1M7.90%+342,967+34.5%Added
Legal & General Group Plc1,382,084$26.0M0.01%+209,854+17.9%Added
Millennium Management LLC1,392,476$26.2M0.02%+30,114+2.2%Added
Qube Research & Technologies Ltd1,526,526$28.7M0.04%+499,252+48.6%Added
Two Sigma Investments, LP1,616,456$30.4M0.05%+288,440+21.7%Added
UBS Group AG1,671,860$31.5M0.01%+353,092+26.8%Added
LPL Financial LLC1,823,405$34.3M0.01%+29,292+1.6%Added
Two Sigma Advisers, LP1,922,200$36.2M0.07%−34,200−1.7%Reduced
Sound Income Strategies, LLC2,703,275$51.1M2.42%−49,592−1.8%Reduced
Van Eck Associates Corp3,458,277$65.1M0.05%−188,907−5.2%Reduced
Union Bancaire Privee, UBP SA27,808––−7,973−22.3%Reduced
Connor, Clark & Lunn Investment Management Ltd.0$00.00%−434,118−100.0%Sold out
Atom Investors LP0$00.00%−385,594−100.0%Sold out
Mount Yale Investment Advisors, LLC0$00.00%−171,516−100.0%Sold out
DRW Securities, LLC0$00.00%−35,947−100.0%Sold out
Empowered Funds, LLC0$00.00%−31,422−100.0%Sold out
Kovitz Investment Group Partners, LLC0$00.00%−28,046−100.0%Sold out
Virtu Financial LLC0$00.00%−24,898−100.0%Sold out
Diligent Investors, LLC0$00.00%−24,525−100.0%Sold out
Integrated Wealth Concepts LLC0$00.00%−20,304−100.0%Sold out
Founders Financial Alliance, LLC0$00.00%−18,591−100.0%Sold out
Belpointe Asset Management LLC0$00.00%−16,522−100.0%Sold out
CWA Asset Management Group, LLC0$00.00%−15,570−100.0%Sold out
Equitable Holdings, Inc.0$00.00%−15,503−100.0%Sold out
Massar Capital Management, LP0$00.00%−14,575−100.0%Sold out
Strategic Financial Concepts, LLC0$00.00%−14,150−100.0%Sold out
Stephens Inc0$00.00%−12,453−100.0%Sold out
Advisory Research Inc0$00.00%−11,836−100.0%Sold out
World Equity Group, Inc.0$00.00%−11,333−100.0%Sold out
Sanctuary Advisors, LLC0$00.00%−10,146−100.0%Sold out
Prospera Financial Services Inc0$00.00%−10,078−100.0%Sold out
SG Americas Securities, LLC0$00.00%−8,700−100.0%Sold out
Wealthspire Advisors, LLC0$00.00%−7,505−100.0%Sold out
Heartwood Wealth Advisors LLC0$00.00%−5,000−100.0%Sold out
Alpine Bank Wealth Management0$00.00%−1,829−100.0%Sold out
Painted Porch Advisors LLC0$00.00%−1,544−100.0%Sold out
Brown Brothers Harriman & Co0$00.00%−960−100.0%Sold out
Crowley Wealth Management, Inc.0$00.00%−900−100.0%Sold out
Salem Investment Counselors Inc0$00.00%−700−100.0%Sold out
Pathway Financial Advisers, LLC0$00.00%−577−100.0%Sold out
JPL Wealth Management, LLC0$00.00%−200−100.0%Sold out
Flagship Wealth Advisors, LLC0$00.00%−89−100.0%Sold out
Roble, Belko & Company, Inc0$00.00%−56−100.0%Sold out
Tower Research Capital LLC (TRC)0$00.00%−46−100.0%Sold out
Cubist Systematic Strategies, LLC––––Not filed
Napa Wealth Management––––Not filed
MAS Advisors LLC––––Not filed
Wetherby Asset Management Inc––––Not filed
Wolverine Trading, LLC––––Not filed
AXA Investment Managers S.A.––––Not filed
Guerra Advisors Inc––––Not filed
Point72 (DIFC) Ltd––––Not filed
Kathleen S. Wright Associates Inc.––––Not filed
AllSquare Wealth Management LLC––––Not filed
Point72 Asia (Singapore) Pte. Ltd.––––Not filed
Point72 Europe (London) LLP––––Not filed
Creekmur Asset Management LLC––––Not filed