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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
MPCA
176
Madison Park Capital Advisors
Washington
$366K
RWB
177
RMR Wealth Builders
New Jersey
$359K +$7.49K +423 +2%
FNT
178
First National Trust
Pennsylvania
$359K
IAIM
179
International Assets Investment Management
Florida
$356K -$27.9K -1,577 -7%
HI
180
Harbour Investments
Wisconsin
$355K -$32.2K -1,817 -9%
PWP
181
Principle Wealth Partners
Connecticut
$354K
Mercer Global Advisors
182
Mercer Global Advisors
Colorado
$353K +$36K +2,030 +12%
AWM
183
Apollon Wealth Management
South Carolina
$349K -$17.2K -970 -5%
Pathstone Holdings
184
Pathstone Holdings
New Jersey
$346K +$585 +33 +0.2%
PPW
185
Pasadena Private Wealth
California
$337K +$3.54K +200 +1%
IA
186
Inspire Advisors
Idaho
$334K -$47.4K -2,677 -13%
SIA
187
Sit Investment Associates
Minnesota
$330K
MF
188
Magnetar Financial
Illinois
$323K +$313K +17,657 New
IFG
189
Independent Financial Group
California
$322K -$294K -16,609 -49%
Simplex Trading
190
Simplex Trading
Illinois
$321K -$979K -55,258 -76%
Brown Advisory
191
Brown Advisory
Maryland
$309K
NA
192
NewEdge Advisors
Louisiana
$308K +$42.8K +2,414 +17%
CRI
193
Colonial River Investments
Virginia
$304K -$16.7K -945 -6%
AWM
194
Axxcess Wealth Management
California
$297K -$16.7K -945 -6%
SFS
195
Sowell Financial Services
Arkansas
$295K -$3.54K -200 -1%
MCM
196
Monument Capital Management
Virginia
$284K -$15.7K -887 -5%
SHGA
197
Sand Hill Global Advisors
California
$283K +$41.6K +2,348 +18%
SM
198
Sciencast Management
New Jersey
$282K +$274K +15,442 New
RFA
199
Register Financial Advisors
Georgia
$280K +$390 +22 +0.1%
CFP
200
Cascade Financial Partners
California
$280K

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.