Hercules Capital
HTGC
326 hedge funds and large institutions have $775M invested in Hercules Capital in 2025 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 146 increasing their positions, 79 reducing their positions, and 40 closing their positions.
85% more repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 79
2% more capital invested
Capital invested by funds: $760M → $775M (+$14.5M)
0.72% more ownership
Funds ownership: 22.59% → 23.31% (+0.72%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
8% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 40
2% less funds holding
Funds holding: 334 → 326 (-8)
38% less call options, than puts
Call options by funds: $7.84M | Put options by funds: $12.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
+$12.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$8.78M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$7.27M |
| 4 |
Two Sigma Investments
New York
|
+$6.44M |
| 5 |
Morgan Stanley
New York
|
+$5.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$14.4M |
| 2 |
D.E. Shaw & Co
New York
|
-$6.24M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$5.68M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
-$5.02M |
| 5 |
Goldman Sachs
New York
|
-$3.45M |
HTGC Hedge Fund Activity: Q1 2025 in Review
326 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Hercules Capital (HTGC) for Q1 2025, worth a combined $775M — up 1.9% from $760M a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of HTGC and 37 opened new positions — a net loss of 3 holders — while 79 trimmed existing stakes and 146 added.
The largest buyer was Two Sigma Advisers, adding an estimated $12.4M. The largest seller was Marshall Wace, cutting an estimated $14.4M.
- 326 institutional investors held Hercules Capital (HTGC) as of Q1 2025, down from 334 in Q4 2024.
- Funds reported $775M of Hercules Capital stock for Q1 2025, up 1.9% quarter-over-quarter.
- 37 funds opened new Hercules Capital positions in Q1 2025 and 40 closed out, a net change of -3 holders.
- The largest Hercules Capital buyer in Q1 2025 was Two Sigma Advisers, an estimated $12.4M added.
- The largest Hercules Capital seller in Q1 2025 was Marshall Wace, an estimated $14.4M sold.
Based on aggregated 13F filings for Q1 2025.