Vault-13

HERCULES CAPITAL INC HTGC

COM · Common Stock · CUSIP 427096508 · ISIN US4270965084

290 institutional holders +24 vs Q3 2023
33,684,42433.7m shares reported held*
21.3% of all shares outstanding*
$561.6mreported value*
36 new 116 added 62 reduced 22 sold out net bought ≈ $60.2m (+3.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($733.3k this quarter). Holder counts are more reliable. Shares outstanding: 158.4m as of 2024-02-08, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $16.67. Options: 9 managers hold calls ($23.4m notional), 9 hold puts ($16.1m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 237Q4 22: 262Q1 23: 256Q2 23: 249Q3 23: 266Q4 23: 290290Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022237
Q4 2022262
Q1 2023256
Q2 2023249
Q3 2023266
Q4 2023290

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 134 bought or addedQ4 22: 81 cut or sold outQ4 22Q1 23: 141 bought or addedQ1 23: 105 cut or sold outQ1 23Q2 23: 114 bought or addedQ2 23: 102 cut or sold outQ2 23Q3 23: 124 bought or addedQ3 23: 87 cut or sold outQ3 23Q4 23: 152 bought or addedQ4 23: 84 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202213481
Q1 2023141105
Q2 2023114102
Q3 202312487
Q4 202315284

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30m$40mQ1 23 calls: $15.6mQ1 23 puts: $34.7mQ1 23P/C 2.22Q2 23 calls: $25.4mQ2 23 puts: $20.4mQ2 23P/C 0.80Q3 23 calls: $27.8mQ3 23 puts: $18.9mQ3 23P/C 0.68Q4 23 calls: $23.4mQ4 23 puts: $16.1mQ4 23P/C 0.69
Numbers
QuarterCallsPutsP/C
Q1 2023$15.6m$34.7m2.22
Q2 2023$25.4m$20.4m0.80
Q3 2023$27.8m$18.9m0.68
Q4 2023$23.4m$16.1m0.69

Biggest buyers

MORGAN STANLEY Added +962,058+962.1k
JPMORGAN CHASE & CO Added +612,043+612.0k
MARSHALL WACE, LLP Added +598,102+598.1k
VAN ECK ASSOCIATES CORP Added +381,318+381.3k
GOLDMAN SACHS GROUP INC Added +203,914+203.9k
ROYAL BANK OF CANADA Added +197,611+197.6k
CITADEL ADVISORS LLC Added +161,891+161.9k
Legal & General Group Plc Added +138,160+138.2k
TUDOR INVESTMENT CORP ET AL New +132,604+132.6k
Qube Research & Technologies Ltd New +131,390+131.4k

Biggest sellers

MILLER HOWARD INVESTMENTS INC /NY Reduced -130,000-130.0k
LSV ASSET MANAGEMENT Sold out -120,895-120.9k
UBS Group AG Reduced -105,474-105.5k
TWO SIGMA INVESTMENTS, LP Reduced -98,838-98.8k
CENTAURUS FINANCIAL, INC. Reduced -88,163-88.2k
Sigma Planning Corp Reduced -80,535-80.5k
Advisors Capital Management, LLC Reduced -76,810-76.8k
DARK FOREST CAPITAL MANAGEMENT LP Sold out -76,685-76.7k
ADVISORY RESEARCH INC Reduced -58,996-59.0k
ING GROEP NV Sold out -58,408-58.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $12.4m742.8k shares
Jefferies Financial Group Inc. Reduced $3.3m197.6k shares
GROUP ONE TRADING LLC Added $2.3m136.0k shares
SIMPLEX TRADING, LLC Added $2.2m134.5k shares
JANE STREET GROUP, LLC Reduced $1.6m94.9k shares
WOLVERINE TRADING, LLC Reduced $826.8k49.6k shares
CITADEL ADVISORS LLC Reduced $785.2k47.1k shares
Cutler Group LLC / CA New $4.0k10.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SIMPLEX TRADING, LLC Added $5.3m315.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.5m211.8k shares
GROUP ONE TRADING LLC Reduced $3.1m183.5k shares
JANE STREET GROUP, LLC Added $2.1m127.3k shares
CITADEL ADVISORS LLC Reduced $1.4m82.3k shares
MILLENNIUM MANAGEMENT LLC Reduced $416.8k25.0k shares
WOLVERINE TRADING, LLC Reduced $375.1k22.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA New $0800 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q4 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
202Q1 22: 1 buyingQ1 22: 0 sellingQ2 22: 2 buyingQ2 22: 1 sellingQ2 22Q3 22: 1 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 1 sellingQ4 22Q1 23: 1 buyingQ1 23: 0 sellingQ2 23: 2 buyingQ2 23: 1 sellingQ2 23Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20221$1.3k0——
Q2 20222$154.8k1$6.0k—
Q3 20221$1.3k0——
Q4 20220—1$1.4m—
Q1 20231$47.8k0——
Q2 20232$104.6k1$6.2k—
Q3 20230—0——
Q4 20230—0——

None reported in Q4 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Sound Income Strategies, LLC 3.58% of their portfolio FT LAUDERDALE, FL 2,580,3722.6m $43.0m $43.0m 3.58% Added +59.3k +59,263
2 VAN ECK ASSOCIATES CORP 0.07% of their portfolio NEW YORK, NY 2,414,7472.4m $40.3m $40.3m 0.07% Added +381.3k +381,318
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,047,7562.0m $34.1m $34.1m 0.00% Added +962.1k +962,058
4 MARSHALL WACE, LLP 0.06% of their portfolio LONDON, X0 1,813,9221.8m $30.2m $30.2m 0.06% Added +598.1k +598,102
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,202,0701.2m $20.0m $20.0m 0.00% Added +612.0k +612,043
6 Legal & General Group Plc 0.01% of their portfolio London, X0 1,170,5011.2m $19.5m $19.5m 0.01% Added +138.2k +138,160
7 Advisors Capital Management, LLC 0.32% of their portfolio RIDGEWOOD, NJ 929,499929.5k $15.5m $15.5m 0.32% Reduced -76.8k -76,810
8 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 857,677857.7k $14.3m $14.3m 0.01% Reduced -32.5k -32,488
9 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 728,710728.7k $12.1m $12.1m 0.00% Added +197.6k +197,611
10 TWO SIGMA ADVISERS, LP 0.03% of their portfolio NEW YORK, NY 718,600718.6k $12.0m $12.0m 0.03% Reduced -32.9k -32,900
11 Melia Wealth LLC 5.74% of their portfolio TULSA, OK 655,215655.2k $10.9m $10.9m 5.74% First filing
12 BlackRock Inc. 0.00% of their portfolio New York, NY 642,008642.0k $10.7m $10.7m 0.00% Added +3.5k +3,504
13 Gilman Hill Asset Management, LLC 1.89% of their portfolio NEW CANAAN, CT 609,323609.3k $10.2m $10.2m 1.89% Reduced -17.1k -17,055
14 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 581,387581.4k $9.7m $9.7m 0.01% Added +54.3k +54,297
15 S&T Bank/PA 1.77% of their portfolio Indiana, PA 575,396575.4k $9.6m $9.6m 1.77% Reduced -28.8k -28,796
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 513,338513.3k $8.6m $8.6m 0.00% Reduced -23.3k -23,288
17 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 395,353395.4k $6.6m $6.6m 0.02% Reduced -98.8k -98,838
18 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.09% of their portfolio ST. LOUIS, MO 387,424387.4k $6.5m $6.5m 0.09% Added +234 +234
19 Muzinich & Co., Inc. 5.47% of their portfolio NEW YORK, NY 378,292378.3k $6.3m $6.3m 5.47% Added +6.9k +6,914
20 Border to Coast Pensions Partnership Ltd 0.15% of their portfolio LEEDS, X0 374,837374.8k $6.2m $6.2m 0.15% Unchanged
21 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 373,641373.6k $6.2m $6.2m 0.01% Reduced -9.1k -9,087
22 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 371,063371.1k $6.2m $6.2m 0.00% Added +12.2k +12,222
23 Advisors Asset Management, Inc. 0.13% of their portfolio Monument, CO 367,364367.4k $6.1m $6.1m 0.13% Reduced -53.6k -53,607
24 MCKINLEY CAPITAL MANAGEMENT LLC 0.75% of their portfolio ANCHORAGE, AK 352,453352.5k $5.9m $5.9m 0.75% Added +3.5k +3,461
25 TECTONIC ADVISORS LLC 0.45% of their portfolio FRISCO, TX 324,792324.8k $5.4m $5.4m 0.45% Added +26.8k +26,808
26 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 296,636296.6k $4.9m $4.9m 0.00% Added +5.4k +5,367
27 Atria Wealth Solutions, Inc. 0.06% of their portfolio NEW YORK, NY 284,173284.2k $4.7m $4.7m 0.06% Reduced -13.5k -13,456
28 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 282,596282.6k $4.7m $4.7m 0.02% Reduced -28.0k -27,983
29 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 2.49% of their portfolio Phoenix, AZ 279,103279.1k $4.7m $4.7m 2.49% Added +178 +178
30 MILLER HOWARD INVESTMENTS INC /NY 0.16% of their portfolio KINGSTON, NY 270,000270.0k $4.5m $4.5m 0.16% Reduced -130.0k -130,000
31 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 262,538262.5k $4.4m $4.4m 0.01% Added +1.3k +1,278
32 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 245,444245.4k $4.1m $4.1m 0.00% Added +203.9k +203,914
33 CENTAURUS FINANCIAL, INC. 0.31% of their portfolio ANAHEIM, CA 244,588244.6k $4.1m $4.1m 0.31% Reduced -88.2k -88,163
34 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 240,996241.0k $4.0m $4.0m 0.01% Added +95.9k +95,888
35 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 231,459231.5k $3.9m $3.9m 0.00% Added +161.9k +161,891
36 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 221,994222.0k $3.7m $3.7m 0.04% Added +18.5k +18,473
37 FAS Wealth Partners, Inc. 0.35% of their portfolio LEAWOOD, KS 218,696218.7k $3.6m $3.6m 0.35% Reduced -3.5k -3,450
38 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 215,071215.1k $3.6m $3.6m 0.00% Added +44.0k +44,043
39 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 211,404211.4k $3.5m $3.5m 0.00% Unchanged
40 INDEPENDENT FINANCIAL GROUP, LLC 0.18% of their portfolio SAN DIEGO, CA 203,776203.8k $3.4m $3.4m 0.18% Added +4.1k +4,086
41 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 197,332197.3k $3.3m $3.3m 0.00% Reduced -11.3k -11,332
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 171,399171.4k $2.9m $2.9m 0.00% Reduced -105.5k -105,474
43 Hennion & Walsh Asset Management, Inc. 0.16% of their portfolio Parsippany, NJ 171,119171.1k $2.9m $2.9m 0.16% Added +41.1k +41,119
44 Baker Avenue Asset Management, LP 0.12% of their portfolio SAN FRANCISCO, CA 167,854167.9k $2.8m $2.8m 0.12% Added +12.2k +12,168
45 Jump Financial, LLC 0.09% of their portfolio Chicago, IL 165,400165.4k $2.8m $2.8m 0.09% Added +50.4k +50,388
46 Left Brain Wealth Management, LLC 1.59% of their portfolio NAPERVILLE, IL 164,821164.8k $2.7m $2.7m 1.59% Reduced -9.0k -8,980
47 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 149,800149.8k $2.5m $2.5m 0.02% Added +116.7k +116,700
48 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 149,027149.0k $2.5m $2.5m 0.00% Added +21.8k +21,758
49 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 148,458148.5k $2.5m $2.5m 0.00% Added +59.3k +59,343
50 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 140,379140.4k $2.3m $2.3m 0.01% Added +3.0k +3,000
51 FJ Capital Management LLC 0.23% of their portfolio MCLEAN, VA 140,352140.4k $2.3m $2.3m 0.23% Added +79.5k +79,546
52 ELEVATION POINT WEALTH PARTNERS, LLC 0.22% of their portfolio DENVER, CO 138,983139.0k $2.3m $2.3m 0.22% Reduced -22.0k -21,960
53 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 134,689134.7k $2.2m $2.2m 0.01% Reduced -3.1k -3,070
54 TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio STAMFORD, CT 132,604132.6k $2.2m $2.2m 0.03% New
55 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 131,390131.4k $2.2m $2.2m 0.00% New
56 Graypoint LLC 0.17% of their portfolio Albany, NY 129,958130.0k $2.2m $2.2m 0.17% Added +3.9k +3,851
57 Polaris Capital Management, LLC 0.10% of their portfolio BOSTON, MA 125,545125.5k $2.1m $2.1m 0.10% Added +3.7k +3,685
58 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 122,651122.7k $2.0m $2.0m 0.00% Reduced -12.4k -12,377
59 ARES MANAGEMENT LLC 0.05% of their portfolio LOS ANGELES, CA 118,038118.0k $2.0m $2.0m 0.05% Added +93.0k +93,038
60 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 114,495114.5k $1.9m $1.9m 0.00% Unchanged
61 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 110,795110.8k $1.8m $1.8m 0.01% Added +3.7k +3,701
62 Taylor Frigon Capital Management LLC 0.93% of their portfolio SCOTTSDALE, AZ 110,788110.8k $1.8m $1.8m 0.93% Reduced -2.1k -2,142
63 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 108,998109.0k $1.8m $1.8m 0.01% Added +97.4k +97,442
64 WINTRUST INVESTMENTS LLC 0.18% of their portfolio CHICAGO, IL 108,586108.6k $1.8m $1.8m 0.18% Added +10.9k +10,943
65 Waterloo Capital, L.P. 0.29% of their portfolio AUSTIN, TX 108,181108.2k $1.8m $1.8m 0.29% New
66 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 108,090108.1k $1.8m $1.8m 0.00% Reduced -23.8k -23,843
67 Triad Investment Management 2.32% of their portfolio NEWPORT BEACH, CA 106,232106.2k $1.8m $1.8m 2.32% Added +1.3k +1,274
68 DNB Asset Management AS 0.01% of their portfolio Oslo, Q8 105,285105.3k $1.8m $1.8m 0.01% Unchanged
69 Legacy Capital Wealth Partners, LLC 0.47% of their portfolio LITTLE ROCK, AR 99,72299.7k $1.7m $1.7m 0.47% Added +7.2k +7,203
70 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 93,26493.3k $1.6m $1.6m 0.01% Added +22.0k +21,995
71 DELPHI MANAGEMENT INC /MA/ 1.41% of their portfolio BROOKLINE, MA 91,97192.0k $1.5m $1.5m 1.41% Added +5.1k +5,140
72 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 91,09391.1k $1.5m $1.5m 0.00% Added +46.6k +46,614
73 Quantbot Technologies LP 0.09% of their portfolio NEW YORK, NY 90,98891.0k $1.5m $1.5m 0.09% Added +39.0k +38,984
74 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 90,58490.6k $1.5m $1.5m 0.00% Reduced -6.2k -6,235
75 ExodusPoint Capital Management, LP 0.02% of their portfolio NEW YORK, NY 89,02189.0k $1.5m $1.5m 0.02% Added +20.5k +20,483
76 Sigma Planning Corp 0.12% of their portfolio ANN ARBOR, MI 88,27888.3k $1.5m $1.5m 0.12% Reduced -80.5k -80,535
77 NAPA WEALTH MANAGEMENT 0.79% of their portfolio Napa, CA 87,87687.9k $1.5m $1.5m 0.79% First filing
78 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 87,45387.5k $1.5m $1.5m 0.00% Added +49.2k +49,233
79 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.13% of their portfolio CEDAR RAPIDS, IA 85,61085.6k $1.4m $1.4m 0.13% Added +1.5k +1,530
80 Creegan & Nassoura Financial Group, LLC 1.00% of their portfolio Portsmouth, NH 82,62082.6k $1.4m $1.4m 1.00% Unchanged
81 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.17% of their portfolio ORLANDO, FL 80,72880.7k $1.3m $1.3m 0.17% Unchanged
82 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio JUPITER, FL 72,64872.6k $1.2m $1.2m 0.00% Reduced -42.3k -42,306
83 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 71,02971.0k $1.2m $1.2m 0.00% Added +24.2k +24,221
84 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 70,42270.4k $1.2m $1.2m 0.02% Added +1.7k +1,724
85 SVB WEALTH LLC 0.03% of their portfolio BOSTON, MA 66,57266.6k $1.1m $1.1m 0.03% Reduced -7.6k -7,569
86 NATIXIS 0.01% of their portfolio PARIS, I0 63,47363.5k $1.1m $1.1m 0.01% Added +5.7k +5,716
87 NAPLES GLOBAL ADVISORS, LLC 0.12% of their portfolio NAPLES, FL 63,12963.1k $1.1m $1.1m 0.12% Added +300 +300
88 CHESAPEAKE CAPITAL CORP /IL/ 0.73% of their portfolio TAMPA, FL 59,85459.9k $997.8k $997.8k 0.73% First filing
89 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 59,26959.3k $988.0k $988.0k 0.02% Added +2.6k +2,575
90 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 57,11357.1k $953.0k $953.0k 0.00% Added +2.3k +2,312
91 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 56,99757.0k $950.1k $950.1k 0.00% Added +37.6k +37,626
92 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 56,52056.5k $942.2k $942.2k 0.00% Reduced -24.3k -24,335
93 Arkadios Wealth Advisors 0.08% of their portfolio ATLANTA, GA 54,74154.7k $912.5k $912.5k 0.08% Added +3.0k +3,000
94 Sand Hill Global Advisors, LLC 0.04% of their portfolio Palo Alto, CA 54,34854.3k $906.0k $906.0k 0.04% Unchanged
95 MCDONALD PARTNERS LLC 0.24% of their portfolio CLEVELAND, OH 48,00048.0k $800.2k $800.2k 0.24% Added +4.5k +4,500
96 Abundance Wealth Counselors 0.20% of their portfolio STATE COLLEGE, PA 47,22847.2k $787.0k $787.0k 0.20% Added +4.9k +4,893
97 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 46,84246.8k $780.8k $780.8k 0.01% Reduced -12.6k -12,647
98 IHT Wealth Management, LLC 0.03% of their portfolio Chicago, IL 45,88445.9k $764.9k $764.9k 0.03% Added +1.1k +1,112
99 Kovack Advisors, Inc. 0.09% of their portfolio FT. LAUDERDALE, FL 44,93644.9k $749.1k $749.1k 0.09% Added +18.4k +18,392
100 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 44,87244.9k $788.0k $788.0k 0.00% Added +6.3k +6,291