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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
DFCM
151
Dark Forest Capital Management
Puerto Rico
$495K -$65.4K -3,694 -12%
EGA
152
Eagle Global Advisors
Texas
$478K -$223K -12,580 -33%
ECM
153
ExodusPoint Capital Management
New York
$472K +$457K +25,800 New
II
154
Inspire Investing
Idaho
$472K +$82K +4,631 +22%
FIA
155
Foundations Investment Advisors
Arizona
$460K -$187K -10,547 -30%
SGI
156
Summit Global Investments
Utah
$442K
CWP
157
Core Wealth Partners
California
$442K
PCIA
158
Prime Capital Investment Advisors
Kansas
$437K -$131K -7,404 -24%
CAPTRUST Financial Advisors
159
CAPTRUST Financial Advisors
North Carolina
$430K +$28.8K +1,627 +7%
DAS
160
Diversify Advisory Services
Utah
$430K +$396K +22,345 New
GRP
161
Global Retirement Partners
California
$430K +$417K +23,516 New
AIM
162
Aigen Investment Management
New York
$427K +$414K +23,367 New
AI
163
Accredited Investors
Minnesota
$420K
AWS
164
Atria Wealth Solutions
New York
$415K -$3.82M -215,680 -90%
Mackenzie Financial
165
Mackenzie Financial
Ontario, Canada
$411K +$3.51K +198 +0.9%
AWM
166
Accel Wealth Management
Iowa
$401K +$19.8K +1,115 +5%
EH
167
Equitable Holdings
New York
$400K -$28K -1,580 -7%
OC
168
Oppenheimer & Co
New York
$389K +$18.8K +1,062 +5%
MA
169
MAS Advisors
Florida
$384K +$12.9K +728 +4%
MML Investors Services
170
MML Investors Services
Massachusetts
$383K +$496 +28 +0.1%
EF
171
Empowered Funds
Pennsylvania
$383K -$33.7K -1,904 -8%
CWM
172
Cornerstone Wealth Management
Missouri
$374K -$53.7K -3,030 -13%
IWC
173
Integrated Wealth Concepts
Massachusetts
$368K +$50.8K +2,865 +17%
CPIG
174
Chicago Partners Investment Group
Illinois
$366K +$57.4K +3,242 +21%
GEM
175
Global Endowment Management
North Carolina
$366K

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.