Vault-13

HERCULES CAPITAL INC HTGC

COM · Common Stock · CUSIP 427096508 · ISIN US4270965084

334 institutional holders +35 vs Q3 2024
37,926,28737.9m shares reported held*
21.9% of all shares outstanding*
$761.9mreported value*
45 new 139 added 69 reduced 24 sold out net bought ≈ $115.8m (+5.4m 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 ($66.3k this quarter). Holder counts are more reliable. Shares outstanding: 173.2m as of 2025-02-06, 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 ≈ $20.09. Options: 8 managers hold calls ($16.9m notional), 9 hold puts ($17.3m).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 237Q4 22: 262Q1 23: 256Q2 23: 249Q3 23: 266Q4 23: 290Q1 24: 294Q2 24: 288Q3 24: 299Q4 24: 334334Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022237
Q4 2022262
Q1 2023256
Q2 2023249
Q3 2023266
Q4 2023290
Q1 2024294
Q2 2024288
Q3 2024299
Q4 2024334

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 23: 141 bought or addedQ1 23: 105 cut or sold outQ2 23: 114 bought or addedQ2 23: 102 cut or sold outQ2 23Q3 23: 124 bought or addedQ3 23: 87 cut or sold outQ4 23: 152 bought or addedQ4 23: 84 cut or sold outQ4 23Q1 24: 160 bought or addedQ1 24: 105 cut or sold outQ2 24: 147 bought or addedQ2 24: 117 cut or sold outQ2 24Q3 24: 161 bought or addedQ3 24: 104 cut or sold outQ4 24: 184 bought or addedQ4 24: 93 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023141105
Q2 2023114102
Q3 202312487
Q4 202315284
Q1 2024160105
Q2 2024147117
Q3 2024161104
Q4 202418493

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ1 24 calls: $14.8mQ1 24 puts: $15.0mQ1 24P/C 1.01Q2 24 calls: $17.2mQ2 24 puts: $13.5mQ2 24P/C 0.78Q3 24 calls: $20.4mQ3 24 puts: $24.3mQ3 24P/C 1.19Q4 24 calls: $16.9mQ4 24 puts: $17.3mQ4 24P/C 1.03
Numbers
QuarterCallsPutsP/C
Q1 2024$14.8m$15.0m1.01
Q2 2024$17.2m$13.5m0.78
Q3 2024$20.4m$24.3m1.19
Q4 2024$16.9m$17.3m1.03

Biggest buyers

TWO SIGMA ADVISERS, LP Added +946,700+946.7k
MARSHALL WACE, LLP New +740,210+740.2k
D. E. Shaw & Co., Inc. New +592,574+592.6k
TWO SIGMA INVESTMENTS, LP Added +488,172+488.2k
CITADEL ADVISORS LLC Added +435,861+435.9k
MILLENNIUM MANAGEMENT LLC Added +406,944+406.9k
VOLORIDGE INVESTMENT MANAGEMENT, LLC New +386,006+386.0k
VAN ECK ASSOCIATES CORP Added +323,028+323.0k
Schonfeld Strategic Advisors LLC New +249,700+249.7k
Connor, Clark & Lunn Investment Management Ltd. New +163,302+163.3k

Biggest sellers

INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Reduced -386,377-386.4k
CENTAURUS FINANCIAL, INC. Sold out -222,491-222.5k
TrueMark Investments, LLC Sold out -199,153-199.2k
JPMORGAN CHASE & CO Reduced -142,842-142.8k
CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC Reduced -141,152-141.2k
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC Reduced -94,699-94.7k
Legal & General Group Plc Reduced -93,666-93.7k
ENVESTNET ASSET MANAGEMENT INC Reduced -86,580-86.6k
OSAIC HOLDINGS, INC. Reduced -45,055-45.1k
S&T Bank/PA Reduced -44,552-44.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.1m403.7k shares
GROUP ONE TRADING LLC Reduced $3.0m149.5k shares
JANE STREET GROUP, LLC Reduced $1.7m86.8k shares
SIMPLEX TRADING, LLC Reduced $1.5m73.3k shares
CITADEL ADVISORS LLC Added $1.3m64.7k shares
WOLVERINE TRADING, LLC Added $1.0m51.0k shares
D. E. Shaw & Co., Inc. Unchanged $200.9k10.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.5m325.5k shares
GROUP ONE TRADING LLC Reduced $3.8m190.7k shares
CITADEL ADVISORS LLC Reduced $3.8m187.0k shares
WOLVERINE TRADING, LLC Added $1.1m53.2k shares
SIMPLEX TRADING, LLC Reduced $821.0k40.9k shares
Beach Point Capital Management LP New $614.8k30.6k shares
JANE STREET GROUP, LLC Reduced $548.5k27.3k shares
RAYMOND JAMES FINANCIAL INC First filing $128.0k8.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 2024

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
10010Q1 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 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 1 buyingQ2 24: 1 sellingQ2 24Q3 24: 6 buyingQ3 24: 1 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20231$47.8k0——
Q2 20232$104.6k1$6.2k—
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20241$14.1k1$295.2k—
Q3 20246$500.1k1$2.0m$2.0m
Q4 20240—0——

None reported in Q4 2024.

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VAN ECK ASSOCIATES CORP 0.09% of their portfolio NEW YORK, NY 3,438,4473.4m $69.1m $69.1m 0.09% Added +323.0k +323,028
2 Sound Income Strategies, LLC 3.50% of their portfolio FT LAUDERDALE, FL 2,815,2142.8m $56.6m $56.6m 3.50% Added +77.9k +77,869
3 TWO SIGMA ADVISERS, LP 0.07% of their portfolio NEW YORK, NY 1,406,9001.4m $28.3m $28.3m 0.07% Added +946.7k +946,700
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,279,6831.3m $25.7m $25.7m 0.00% Added +22.7k +22,717
5 Legal & General Group Plc 0.01% of their portfolio London, X0 1,077,8511.1m $21.7m $21.7m 0.01% Reduced -93.7k -93,666
6 Advisors Capital Management, LLC 0.32% of their portfolio RIDGEWOOD, NJ 1,018,2101.0m $20.5m $20.5m 0.32% Added +62.6k +62,610
7 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 987,320987.3k $19.8m $19.8m 0.01% Added +405 +405
8 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 945,849945.8k $19.0m $19.0m 0.04% Added +488.2k +488,172
9 BlackRock, Inc. 0.00% of their portfolio New York, NY 857,515857.5k $17.2m $17.2m 0.00% Added +154.2k +154,163
10 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 828,809828.8k $16.7m $16.7m 0.02% Added +435.9k +435,861
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 788,353788.4k $15.8m $15.8m 0.00% Added +23.8k +23,783
12 Melia Wealth LLC 7.97% of their portfolio TULSA, OK 760,359760.4k $15.3m $15.3m 7.97% Added +16.8k +16,786
13 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 740,210740.2k $14.9m $14.9m 0.02% New
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 670,674670.7k $13.5m $13.5m 0.00% Added +15.8k +15,836
15 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 595,459595.5k $12.0m $12.0m 0.00% First filing
16 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 592,574592.6k $11.9m $11.9m 0.01% New
17 Gilman Hill Asset Management, LLC 2.02% of their portfolio NEW CANAAN, CT 577,158577.2k $11.6m $11.6m 2.02% Reduced -20.5k -20,549
18 TECTONIC ADVISORS LLC 0.65% of their portfolio FRISCO, TX 493,808493.8k $9.9m $9.9m 0.65% Added +60.8k +60,776
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 450,890450.9k $9.1m $9.1m 0.00% Added +148.7k +148,688
20 Muzinich & Co., Inc. 6.38% of their portfolio NEW YORK, NY 449,996450.0k $9.0m $9.0m 6.38% Added +41.6k +41,634
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 443,114443.1k $8.9m $8.9m 0.00% Reduced -142.8k -142,842
22 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 442,767442.8k $8.9m $8.9m 0.01% Added +41.6k +41,634
23 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 429,125429.1k $8.6m $8.6m 0.01% Added +406.9k +406,944
24 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 420,279420.3k $8.4m $8.4m 0.01% Added +47.6k +47,587
25 Advisors Asset Management, Inc. 0.15% of their portfolio Monument, CO 406,191406.2k $8.2m $8.2m 0.15% Reduced -794 -794
26 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 389,280389.3k $7.8m $7.8m 0.00% Added +2.1k +2,055
27 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio JUPITER, FL 386,006386.0k $7.8m $7.8m 0.03% New
28 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.11% of their portfolio ST. LOUIS, MO 382,163382.2k $7.7m $7.7m 0.11% Added +1.7k +1,711
29 CREDIT AGRICOLE S A 0.02% of their portfolio Montrouge Cedex, I0 360,565360.6k $7.2m $7.2m 0.02% Added +30.2k +30,194
30 Border to Coast Pensions Partnership Ltd 0.14% of their portfolio LEEDS, X0 350,000350.0k $7.0m $7.0m 0.14% Unchanged
31 DENALI ADVISORS LLC 0.74% of their portfolio SAN DIEGO, CA 349,500349.5k $7.0m $7.0m 0.74% Reduced -9.1k -9,080
32 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 327,372327.4k $6.6m $6.6m 0.01% Added +4.9k +4,896
33 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 325,912325.9k $6.5m $6.5m 0.00% Added +28.8k +28,812
34 HRT FINANCIAL LP 0.04% of their portfolio NEW YORK, NY 321,965322.0k $6.5m $6.5m 0.04% Added +99.2k +99,199
35 S&T Bank/PA 2.00% of their portfolio Indiana, PA 312,575312.6k $6.3m $6.3m 2.00% Reduced -44.6k -44,552
36 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 294,680294.7k $5.9m $5.9m 0.00% Added +173 +173
37 D.A. DAVIDSON & CO. 0.05% of their portfolio GREAT FALLS, MT 289,183289.2k $5.8m $5.8m 0.05% Added +5.3k +5,333
38 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 282,713282.7k $5.7m $5.7m 0.02% Reduced -21.1k -21,145
39 Left Brain Wealth Management, LLC 2.09% of their portfolio NAPERVILLE, IL 275,876275.9k $5.5m $5.5m 2.09% Added +67.2k +67,215
40 Atria Wealth Solutions, Inc. 0.06% of their portfolio NEW YORK, NY 253,428253.4k $5.1m $5.1m 0.06% Added +270 +270
41 Schonfeld Strategic Advisors LLC 0.03% of their portfolio NEW YORK, NY 249,700249.7k $5.0m $5.0m 0.03% New
42 ARES MANAGEMENT LLC 0.16% of their portfolio LOS ANGELES, CA 226,606226.6k $4.6m $4.6m 0.16% Added +28.3k +28,300
43 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 212,810212.8k $4.3m $4.3m 0.01% Unchanged
44 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 206,840206.8k $4.2m $4.2m 0.00% Added +91.0k +91,043
45 FAS Wealth Partners, Inc. 0.33% of their portfolio LEAWOOD, KS 196,208196.2k $3.9m $3.9m 0.33% Reduced -10.8k -10,759
46 Graypoint LLC 0.20% of their portfolio Albany, NY 164,903164.9k $3.3m $3.3m 0.20% Added +24.7k +24,673
47 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 163,302163.3k $3.3m $3.3m 0.01% New
48 Baker Avenue Asset Management, LP 0.10% of their portfolio SAN FRANCISCO, CA 162,850162.8k $3.3m $3.3m 0.10% Added +3.2k +3,182
49 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 162,106162.1k $3.3m $3.3m 0.01% Added +9.6k +9,606
50 Naviter Wealth, LLC 0.38% of their portfolio LITTLE ROCK, AR 158,087158.1k $3.2m $3.2m 0.38% Added +20.2k +20,156
51 DNB Asset Management AS 0.01% of their portfolio Oslo, Q8 153,965154.0k $3.1m $3.1m 0.01% Added +13.9k +13,859
52 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 152,573152.6k $3.1m $3.1m 0.01% Added +20.4k +20,417
53 ELEVATION POINT WEALTH PARTNERS, LLC 0.24% of their portfolio DENVER, CO 147,542147.5k $3.0m $3.0m 0.24% Added +15.5k +15,467
54 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 1.05% of their portfolio Phoenix, AZ 145,582145.6k $2.9m $2.9m 1.05% Reduced -141.2k -141,152
55 Truvestments Capital LLC 0.75% of their portfolio SARASOTA, FL 144,104144.1k $2.9m $2.9m 0.75% Added +7.8k +7,829
56 Waterloo Capital, L.P. 0.30% of their portfolio AUSTIN, TX 143,000143.0k $2.9m $2.9m 0.30% Added +8.8k +8,771
57 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 138,364138.4k $2.8m $2.8m 0.01% Added +496 +496
58 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 134,455134.5k $2.7m $2.7m 0.00% Reduced -86.6k -86,580
59 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 131,149131.1k $2.6m $2.6m 0.01% Added +7.2k +7,235
60 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 128,985129.0k $2.6m $2.6m 0.00% Added +4.5k +4,518
61 Cubist Systematic Strategies, LLC 0.04% of their portfolio STAMFORD, CT 124,663124.7k $2.5m $2.5m 0.04% New
62 NAPA WEALTH MANAGEMENT 1.08% of their portfolio Napa, CA 124,195124.2k $2.5m $2.5m 1.08% Added +3.9k +3,901
63 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 119,822119.8k $2.4m $2.4m 0.00% Reduced -7.6k -7,570
64 Golden State Wealth Management, LLC 0.35% of their portfolio SANTA ANA, CA 115,658115.7k $2.3m $2.3m 0.35% First filing
65 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 114,678114.7k $2.3m $2.3m 0.00% Added +187 +187
66 Taylor Frigon Capital Management LLC 1.16% of their portfolio SCOTTSDALE, AZ 113,841113.8k $2.3m $2.3m 1.16% Reduced -2.0k -1,955
67 PFG Investments, LLC 0.14% of their portfolio WOODBURY, NY 112,526112.5k $2.3m $2.3m 0.14% Added +1.7k +1,672
68 Quantbot Technologies LP 0.08% of their portfolio NEW YORK, NY 109,791109.8k $2.2m $2.2m 0.08% Added +75.9k +75,939
69 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 109,136109.1k $2.2m $2.2m 0.00% Added +13.9k +13,930
70 Trexquant Investment LP 0.03% of their portfolio STAMFORD, CT 107,332107.3k $2.2m $2.2m 0.03% New
71 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 107,202107.2k $2.2m $2.2m 0.00% Reduced -45.1k -45,055
72 Aquatic Capital Management LLC 0.06% of their portfolio CHICAGO, IL 103,654103.7k $2.1m $2.1m 0.06% New
73 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 102,674102.7k $2.1m $2.1m 0.00% Added +49.6k +49,606
74 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 99,86799.9k $2.0m $2.0m 0.00% Added +67.4k +67,388
75 Jump Financial, LLC 0.04% of their portfolio Chicago, IL 99,25299.3k $2.0m $2.0m 0.04% Added +32.0k +31,998
76 PENNINGTON PARTNERS & CO., LLC 0.96% of their portfolio Bethesda, MD 96,70096.7k $1.9m $1.9m 0.96% First filing
77 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 94,12294.1k $1.9m $1.9m 0.02% Added +11.3k +11,279
78 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 93,68093.7k $1.9m $1.9m 0.00% Added +9.8k +9,831
79 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.14% of their portfolio CEDAR RAPIDS, IA 92,44792.4k $1.9m $1.9m 0.14% Added +799 +799
80 Legacy Capital Wealth Partners, LLC 0.44% of their portfolio LITTLE ROCK, AR 88,93488.9k $1.8m $1.8m 0.44% Reduced -4.3k -4,277
81 Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio Parsippany, NJ 88,51588.5k $1.8m $1.8m 0.08% Reduced -23.9k -23,876
82 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 82,93682.9k $1.7m $1.7m 0.03% Added +6.1k +6,082
83 Atom Investors LP 0.21% of their portfolio AUSTIN, TX 82,39382.4k $1.7m $1.7m 0.21% New
84 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 82,38082.4k $1.7m $1.7m 0.00% Added +33.2k +33,191
85 Creegan & Nassoura Financial Group, LLC 1.08% of their portfolio Portsmouth, NH 80,17080.2k $1.6m $1.6m 1.08% Reduced -200 -200
86 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 78,87078.9k $1.6m $1.6m 0.01% Added +2.6k +2,608
87 DELPHI MANAGEMENT INC /MA/ 1.50% of their portfolio BROOKLINE, MA 77,42677.4k $1.6m $1.6m 1.50% Added +2.4k +2,360
88 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 77,27677.3k $1.6m $1.6m 0.00% Added +14.8k +14,841
89 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 71,03671.0k $1.4m $1.4m 0.00% New
90 IHT Wealth Management, LLC 0.04% of their portfolio Chicago, IL 67,36267.4k $1.4m $1.4m 0.04% Added +5.5k +5,487
91 SHARPEPOINT LLC 1.18% of their portfolio PHOENIX, AZ 65,12565.1k $1.3m $1.3m 1.18% First filing
92 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 63,17163.2k $1.3m $1.3m 0.00% Added +639 +639
93 NAPLES GLOBAL ADVISORS, LLC 0.12% of their portfolio NAPLES, FL 62,25962.3k $1.3m $1.3m 0.12% Added +600 +600
94 Essex Financial Services, Inc. 0.09% of their portfolio ESSEX, CT 60,89760.9k $1.2m $1.2m 0.09% Reduced -1.9k -1,905
95 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.35% of their portfolio LEAWOOD, KS 60,51360.5k $1.2m $1.2m 0.35% Reduced -94.7k -94,699
96 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 59,58459.6k $1.2m $1.2m 0.01% Reduced -3.6k -3,582
97 Abundance Wealth Counselors 0.24% of their portfolio STATE COLLEGE, PA 55,74855.7k $1.1m $1.1m 0.24% Reduced -168 -168
98 Arkadios Wealth Advisors 0.06% of their portfolio ATLANTA, GA 55,57355.6k $1.1m $1.1m 0.06% Reduced -229 -229
99 FJ Capital Management LLC 0.13% of their portfolio MCLEAN, VA 54,96855.0k $1.1m $1.1m 0.13% New
100 NATIXIS 0.01% of their portfolio PARIS, I0 54,89754.9k $1.1m $1.1m 0.01% Reduced -36.8k -36,818