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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
CIBC Private Wealth Group
76
CIBC Private Wealth Group
Georgia
$2.03M -$48.3K -2,726 -2%
PI
77
PFG Investments
New York
$2.01M -$39.5K -2,230 -2%
NWM
78
Napa Wealth Management
California
$1.99M -$258K -14,580 -12%
KPWS
79
Kestra Private Wealth Services
Texas
$1.9M +$229K +12,956 +14%
Barclays
80
Barclays
United Kingdom
$1.87M +$546K +30,820 +43%
YIH
81
Y-Intercept (HK)
Hong Kong
$1.78M +$1.17M +66,043 +210%
PPC
82
Pennington Partners & Co
Maryland
$1.77M
Bank of America
83
Bank of America
North Carolina
$1.77M -$513K -28,984 -23%
NFG
84
Nations Financial Group
Iowa
$1.72M +$19.4K +1,095 +1%
CAGAS
85
Capital Advisory Group Advisory Services
Minnesota
$1.66M +$68.2K +3,851 +4%
PIWA
86
Prevail Innovative Wealth Advisors
Kansas
$1.61M +$1.56M +88,148 New
S
87
SharpePoint
Arizona
$1.58M +$191K +10,761 +14%
LCWP
88
Legacy Capital Wealth Partners
Arkansas
$1.5M -$45.5K -2,567 -3%
IWM
89
IHT Wealth Management
Illinois
$1.48M +$197K +11,128 +16%
CNFG
90
Creegan & Nassoura Financial Group
New Hampshire
$1.47M
Invesco
91
Invesco
Georgia
$1.44M +$22.2K +1,252 +2%
Verition Fund Management
92
Verition Fund Management
Connecticut
$1.41M +$608K +34,334 +80%
TI
93
Tidal Investments
Wisconsin
$1.41M -$40.1K -2,262 -3%
DM
94
Delphi Management
Massachusetts
$1.4M +$68.8K +3,885 +5%
GSWM
95
Golden State Wealth Management
California
$1.38M -$495K -27,948 -27%
BHCM
96
Brevan Howard Capital Management
Jersey
$1.35M +$1.31M +73,910 New
HighTower Advisors
97
HighTower Advisors
Illinois
$1.33M -$67.1K -3,789 -5%
NGA
98
Naples Global Advisors
Florida
$1.28M +$104K +5,850 +9%
Jane Street
99
Jane Street
New York
$1.23M +$1.19M +67,341 New
TA
100
TFG Advisers
Michigan
$1.19M +$91.8K +5,183 +9%

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.