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Hercules Capital

327 hedge funds and large institutions have $938M invested in Hercules Capital in 2025 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 139 increasing their positions, 86 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more repeat investments, than reductions

Existing positions increased: 139 | Existing positions reduced: 86

21% more capital invested

Capital invested by funds: $775M β†’ $938M (+$163M)

3.03% more ownership

Funds ownership: 23.31% β†’ 26.35% (+3%)

8% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 37

0% more funds holding

Funds holding: 326 β†’ 327 (+1)

0% more funds holding in top 10

Funds holding in top 10: 4 β†’ 4 (0)

50% less call options, than puts

Call options by funds: $5.7M | Put options by funds: $11.4M

Holders
327
Holders Change
+1
Holders Change %
+0.31%
% of All Funds
4.31%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
40
Increased
139
Reduced
86
Closed
37
Calls
$5.7M
Puts
$11.4M
Net Calls
-$5.74M
Net Calls Change
-$1M
Name Holding Trade Value Shares
Change
Change in
Stake
AAP
276
Arax Advisory Partners
Colorado
$30.7K -$92.7K -5,234 -76%
KSWA
277
Kathleen S. Wright Associates
Pennsylvania
$28.9K – – –
PPA
278
Painted Porch Advisors
California
$28.2K +$53 +3 +0.2%
HWA
279
HHM Wealth Advisors
Tennessee
$27.4K – – –
AWM
280
AllSquare Wealth Management
New York
$27.4K +$8.86K +500 +50%
GIA
281
GHP Investment Advisors
Colorado
$27.4K +$26.6K +1,500 New
Acadian Asset Management
282
Acadian Asset Management
Massachusetts
$27K +$2.43K +137 +10%
AssetMark Inc
283
AssetMark Inc
California
$25.3K +$15.6K +879 +173%
Carson Wealth (CWM LLC)
284
Carson Wealth (CWM LLC)
Nebraska
$25K +$10.8K +612 +80%
SWM
285
Spire Wealth Management
Virginia
$24.9K +$71 +4 +0.3%
AA
286
Ancora Advisors
Ohio
$22.9K – – –
BIG
287
Brooklyn Investment Group
New York
$21.9K +$21.2K +1,199 New
CWP
288
Clark Wealth Partners
Illinois
$18.7K – – –
RF
289
Rossby Financial
Florida
$17.7K – – –
CWM
290
Crowley Wealth Management
Delaware
$16.5K – – –
W
291
WealthCollab
Washington
$15.3K +$3.45K +195 +30%
BCMLT
292
Beacon Capital Management LLC (Tennessee)
Tennessee
$15.3K +$372 +21 +3%
TCOV
293
Trust Company of Vermont
Vermont
$15.1K +$14.6K +825 New
ADL
294
Asset Dedication LLC
California
$13.8K – – –
SIC
295
Salem Investment Counselors
North Carolina
$12.8K -$13.2K -746 -52%
TSMHT
296
Thurston Springer Miller Herd & Titak
Indiana
$12.8K – – –
NS
297
NBC Securities
Alabama
$12K – – –
CB
298
Community Bank
New York
$11.4K – – –
VNA
299
Valley National Advisers
Pennsylvania
$11K – – –
BONH
300
Bank of New Hampshire
New Hampshire
$11K +$10.6K +600 New

HTGC Hedge Fund Activity: Q2 2025 in Review

327 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Hercules Capital (HTGC) for Q2 2025, worth a combined $938M β€” up 21% from $775M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new HTGC positions and 37 closed out β€” a net gain of 3 holders β€” while 139 added to existing stakes and 86 trimmed.

The largest buyer was Millennium Management, adding an estimated $44.7M. The largest seller was Citadel Advisors, cutting an estimated $10.6M.

  • 327 institutional investors held Hercules Capital (HTGC) as of Q2 2025, up from 326 in Q1 2025.
  • Funds reported $938M of Hercules Capital stock for Q2 2025, up 21% quarter-over-quarter.
  • 40 funds opened new Hercules Capital positions in Q2 2025 and 37 closed out, a net change of +3 holders.
  • The largest Hercules Capital buyer in Q2 2025 was Millennium Management, an estimated $44.7M added.
  • The largest Hercules Capital seller in Q2 2025 was Citadel Advisors, an estimated $10.6M sold.

Based on aggregated 13F filings for Q2 2025.