Hercules Capital
HTGC
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.
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: 326 → 327 (+1)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
50% less call options, than puts
Call options by funds: $5.7M | Put options by funds: $11.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$44.7M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$8.33M |
| 3 |
Goldman Sachs
New York
|
+$6.15M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$6.06M |
| 5 |
AI
Atom Investors
Austin,
Texas
|
+$5.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$10.6M |
| 2 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
-$4.58M |
| 3 |
AWS
Atria Wealth Solutions
New York
|
-$3.82M |
| 4 |
JP Morgan Chase
New York
|
-$2.74M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$2.68M |
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.