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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
AM
51
Ares Management
California
$3.69M
Cetera Investment Advisers
52
Cetera Investment Advisers
Illinois
$3.52M +$30.6K +1,726 +0.9%
FWP
53
FAS Wealth Partners
Kansas
$3.41M -$27.5K -1,554 -0.8%
BAAM
54
Baker Avenue Asset Management
California
$3.17M +$135K +7,610 +5%
GL
55
Graypoint LLC
New York
$3.1M +$68.5K +3,865 +2%
CCIA
56
Campbell & Co Investment Adviser
Maryland
$3.08M +$2.59M +146,422 +665%
State Street
57
State Street
Massachusetts
$3.08M +$2.12M +119,415 +244%
MYIA
58
Mount Yale Investment Advisors
Colorado
$3.06M +$236K +13,339 +9%
Cambridge Investment Research Advisors
59
Cambridge Investment Research Advisors
Iowa
$3.01M +$206K +11,608 +8%
Canada Life
60
Canada Life
Manitoba, Canada
$2.85M +$78.8K +4,448 +3%
Balyasny Asset Management
61
Balyasny Asset Management
Illinois
$2.8M +$2.71M +153,113 New
TFCM
62
Taylor Frigon Capital Management
Arizona
$2.77M +$653K +36,871 +32%
WC
63
Waterloo Capital
Texas
$2.77M -$5.58K -315 -0.2%
FCM
64
FJ Capital Management
Virginia
$2.75M +$1M +56,606 +60%
Rockefeller Capital Management
65
Rockefeller Capital Management
New York
$2.62M +$12.3K +697 +0.5%
QT
66
Quantbot Technologies
New York
$2.59M +$2.21M +125,022 +746%
SSA
67
Schonfeld Strategic Advisors
New York
$2.46M +$2.38M +134,533 New
Tudor Investment Corp
68
Tudor Investment Corp
Connecticut
$2.36M +$873K +49,264 +62%
PAG
69
Private Advisor Group
New Jersey
$2.29M -$269K -15,160 -11%
Northern Trust
70
Northern Trust
Illinois
$2.25M +$2M +113,057 +1,098%
Osaic Holdings
71
Osaic Holdings
Arizona
$2.21M -$47.5K -2,683 -2%
N
72
Natixis
France
$2.16M +$436K +24,603 +26%
DnB Asset Management
73
DnB Asset Management
Norway
$2.09M
Bank of New York Mellon
74
Bank of New York Mellon
New York
$2.07M +$37.2K +2,100 +2%
SPIA
75
Steward Partners Investment Advisory
New York
$2.05M -$77.2K -4,356 -4%

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.