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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 → $938M (+$163M)

3.03% more ownership

Funds ownership: 23.31%26.35% (+3%)

8% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 37

0% more funds holding

Funds holding: 326327 (+1)

0% more funds holding in top 10

Funds holding in top 10: 44 (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
Russell Investments Group
301
Russell Investments Group
United Kingdom
$9.51K
AF
302
Alerus Financial
North Dakota
$9.45K +$9.16K +517 New
TPWA
303
Twin Peaks Wealth Advisors
California
$8.67K +$7.99K +451 New
PP
304
PFS Partners
New Jersey
$7.55K
JFA
305
JNBA Financial Advisors
Minnesota
$6.01K
EWA
306
EverSource Wealth Advisors
Alabama
$5.88K +$18 +1 +0.3%
VWA
307
VSM Wealth Advisory
Maryland
$5.48K
SRCM
308
Signature Resources Capital Management
California
$5.03K
SC
309
Swan Capital
Florida
$4.63K +$4.48K +253 New
WBWA
310
William B. Walkup & Associates
South Carolina
$4.19K
TWC
311
TD Waterhouse Canada
Ontario, Canada
$3.67K
TRCT
312
Tower Research Capital (TRC)
New York
$3.6K -$75.8K -4,277 -96%
Nisa Investment Advisors
313
Nisa Investment Advisors
Missouri
$3.18K -$163K -9,226 -98%
IHWM
314
Iron Horse Wealth Management
Iowa
$2.8K +$53 +3 +2%
GEA
315
Glen Eagle Advisors
New Jersey
$1.83K
RIL
316
Rothschild Investment LLC
Illinois
$1.83K
AAS
317
Ameritas Advisory Services
Nebraska
$1.83K +$1.77K +100 New
PEAK6
318
PEAK6
Illinois
$1.48K +$1.44K +81 New
EC
319
Elequin Capital
New York
$1.21K +$1.17K +66 New
Q1WB
320
Quest 10 Wealth Builders
Virginia
$1.05K +$1.01K +57 New
RBC
321
Roble Belko & Company
Pennsylvania
$1K +$18 +1 +2%
WFA
322
West Financial Advisors
Iowa
$955 +$18 +1 +2%
HIMS
323
Hager Investment Management Services
New Hampshire
$911 +$18 +1 +2%
CA
324
CoreCap Advisors
Michigan
$575
LC
325
Luminist Capital
Michigan
$459 +$443 +25 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 — up 21% from $775M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new HTGC positions and 37 closed out — a net gain of 3 holders — 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.