Vault-13

HERCULES CAPITAL INC HTGC

COM · Common Stock · CUSIP 427096508 · ISIN US4270965084

327 institutional holders -7 vs Q4 2024
40,326,13040.3m shares reported held*
23.0% of all shares outstanding*
$774.2mreported value*
36 new 145 added 81 reduced 39 sold out net bought ≈ $47.0m (+2.4m 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 ($887.0k this quarter). Holder counts are more reliable. Shares outstanding: 175.4m as of 2025-04-24, 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 ≈ $19.20. Options: 9 managers hold calls ($11.3m notional), 7 hold puts ($15.1m).

Trends to Q1 2025

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: 334Q1 25: 327327Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022237
Q4 2022262
Q1 2023256
Q2 2023249
Q3 2023266
Q4 2023290
Q1 2024294
Q2 2024288
Q3 2024299
Q4 2024334
Q1 2025327

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 114 bought or addedQ2 23: 102 cut or sold outQ3 23: 124 bought or addedQ3 23: 87 cut or sold outQ3 23Q4 23: 152 bought or addedQ4 23: 84 cut or sold outQ1 24: 160 bought or addedQ1 24: 105 cut or sold outQ1 24Q2 24: 147 bought or addedQ2 24: 117 cut or sold outQ3 24: 161 bought or addedQ3 24: 104 cut or sold outQ3 24Q4 24: 184 bought or addedQ4 24: 93 cut or sold outQ1 25: 181 bought or addedQ1 25: 120 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023114102
Q3 202312487
Q4 202315284
Q1 2024160105
Q2 2024147117
Q3 2024161104
Q4 202418493
Q1 2025181120

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ2 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 1.03Q1 25 calls: $11.3mQ1 25 puts: $15.1mQ1 25P/C 1.34
Numbers
QuarterCallsPutsP/C
Q2 2024$17.2m$13.5m0.78
Q3 2024$20.4m$24.3m1.19
Q4 2024$16.9m$17.3m1.03
Q1 2025$11.3m$15.1m1.34

Biggest buyers

TWO SIGMA ADVISERS, LP Added +612,700+612.7k
CITADEL ADVISORS LLC Added +434,757+434.8k
UBS Group AG Added +360,165+360.2k
TWO SIGMA INVESTMENTS, LP Added +319,235+319.2k
MORGAN STANLEY Added +294,816+294.8k
JPMORGAN CHASE & CO Added +237,712+237.7k
Cubist Systematic Strategies, LLC Added +212,325+212.3k
Connor, Clark & Lunn Investment Management Ltd. Added +206,066+206.1k
FRANKLIN RESOURCES INC Added +205,972+206.0k
CREDIT AGRICOLE S A Added +166,671+166.7k

Biggest sellers

MARSHALL WACE, LLP Reduced -711,595-711.6k
D. E. Shaw & Co., Inc. Reduced -309,263-309.3k
Janney Montgomery Scott LLC Sold out -282,713-282.7k
Schonfeld Strategic Advisors LLC Sold out -249,700-249.7k
GOLDMAN SACHS GROUP INC Reduced -171,100-171.1k
NORTHERN TRUST CORP Reduced -98,841-98.8k
Quantbot Technologies LP Reduced -93,026-93.0k
Jump Financial, LLC Reduced -80,539-80.5k
MACKENZIE FINANCIAL CORP Reduced -77,583-77.6k
VAN ECK ASSOCIATES CORP Reduced -75,048-75.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.9m252.9k shares
GROUP ONE TRADING LLC Added $2.9m150.3k shares
JANE STREET GROUP, LLC Added $1.7m86.9k shares
WOLVERINE TRADING, LLC Reduced $616.3k32.0k shares
MILLENNIUM MANAGEMENT LLC New $384.2k20.0k shares
IMC-Chicago, LLC New $328.5k17.1k shares
CITADEL ADVISORS LLC Reduced $309.3k16.1k shares
SIMPLEX TRADING, LLC Reduced $284.0k14.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.7m245.7k shares
CITADEL ADVISORS LLC Added $4.0m210.7k shares
WOLVERINE TRADING, LLC Added $1.9m101.0k shares
TWO SIGMA INVESTMENTS, LP New $1.9m96.8k shares
GROUP ONE TRADING LLC Reduced $1.8m94.0k shares
SIMPLEX TRADING, LLC Reduced $760.0k39.6k 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 Q1 2025

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
10010Q2 23: 2 buyingQ2 23: 1 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 1 buyingQ2 24: 1 sellingQ3 24: 6 buyingQ3 24: 1 sellingQ3 24Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
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——
Q1 20250—0——

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VAN ECK ASSOCIATES CORP 0.08% of their portfolio NEW YORK, NY 3,363,3993.4m $64.6m $64.6m 0.08% Reduced -75.0k -75,048
2 Sound Income Strategies, LLC 3.26% of their portfolio FT LAUDERDALE, FL 2,874,4552.9m $55.2m $55.2m 3.26% Added +59.2k +59,241
3 TWO SIGMA ADVISERS, LP 0.09% of their portfolio NEW YORK, NY 2,019,6002.0m $38.8m $38.8m 0.09% Added +612.7k +612,700
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,574,4991.6m $30.2m $30.2m 0.00% Added +294.8k +294,816
5 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 1,265,0841.3m $24.3m $24.3m 0.05% Added +319.2k +319,235
6 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 1,263,5661.3m $24.3m $24.3m 0.02% Added +434.8k +434,757
7 Legal & General Group Plc 0.01% of their portfolio London, X0 1,176,0171.2m $22.6m $22.6m 0.01% Added +98.2k +98,166
8 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,130,3621.1m $21.7m $21.7m 0.01% Added +143.0k +143,042
9 Advisors Capital Management, LLC 0.30% of their portfolio RIDGEWOOD, NJ 1,013,1821.0m $19.5m $19.5m 0.30% Reduced -5.0k -5,028
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 882,299882.3k $16.9m $16.9m 0.00% Added +24.8k +24,784
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 811,055811.1k $15.6m $15.6m 0.00% Added +360.2k +360,165
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 804,077804.1k $15.4m $15.4m 0.00% Added +15.7k +15,724
13 Melia Wealth LLC 7.56% of their portfolio TULSA, OK 762,512762.5k $14.6m $14.6m 7.56% Added +2.2k +2,153
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 758,292758.3k $14.6m $14.6m 0.00% Added +87.6k +87,618
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 680,826680.8k $13.1m $13.1m 0.00% Added +237.7k +237,712
16 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 644,217644.2k $12.4m $12.4m 0.00% Added +48.8k +48,758
17 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 595,252595.3k $11.4m $11.4m 0.00% Added +206.0k +205,972
18 Gilman Hill Asset Management, LLC 1.90% of their portfolio NEW CANAAN, CT 568,673568.7k $10.9m $10.9m 1.90% Reduced -8.5k -8,485
19 TECTONIC ADVISORS LLC 0.64% of their portfolio FRISCO, TX 531,792531.8k $10.2m $10.2m 0.64% Added +38.0k +37,984
20 CREDIT AGRICOLE S A 0.04% of their portfolio Montrouge Cedex, I0 527,236527.2k $10.1m $10.1m 0.04% Added +166.7k +166,671
21 Muzinich & Co., Inc. 5.99% of their portfolio NEW YORK, NY 510,371510.4k $9.8m $9.8m 5.99% Added +60.4k +60,375
22 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 499,699499.7k $9.6m $9.6m 0.01% Added +56.9k +56,932
23 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 478,896478.9k $9.2m $9.2m 0.01% Added +58.6k +58,617
24 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio JUPITER, FL 439,016439.0k $8.4m $8.4m 0.03% Added +53.0k +53,010
25 Advisors Asset Management, Inc. 0.15% of their portfolio Monument, CO 413,415413.4k $7.9m $7.9m 0.15% Added +7.2k +7,224
26 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 388,439388.4k $7.5m $7.5m 0.01% Reduced -40.7k -40,686
27 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.11% of their portfolio ST. LOUIS, MO 382,629382.6k $7.4m $7.4m 0.11% Added +466 +466
28 Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio VANCOUVER, A1 369,368369.4k $7.1m $7.1m 0.03% Added +206.1k +206,066
29 Border to Coast Pensions Partnership Ltd 0.14% of their portfolio LEEDS, X0 350,000350.0k $6.7m $6.7m 0.14% Unchanged
30 DENALI ADVISORS LLC 0.75% of their portfolio SAN DIEGO, CA 341,045341.0k $6.6m $6.6m 0.75% Reduced -8.5k -8,455
31 Cubist Systematic Strategies, LLC 0.08% of their portfolio STAMFORD, CT 336,988337.0k $6.5m $6.5m 0.08% Added +212.3k +212,325
32 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 329,785329.8k $6.3m $6.3m 0.00% Added +3.9k +3,873
33 S&T Bank/PA 1.93% of their portfolio Indiana, PA 306,625306.6k $5.9m $5.9m 1.93% Reduced -6.0k -5,950
34 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 285,929285.9k $5.5m $5.5m 0.04% Reduced -3.3k -3,254
35 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 283,311283.3k $5.4m $5.4m 0.01% Reduced -309.3k -309,263
36 Left Brain Wealth Management, LLC 2.34% of their portfolio NAPERVILLE, IL 278,894278.9k $5.4m $5.4m 2.34% Added +3.0k +3,018
37 HRT FINANCIAL LP 0.04% of their portfolio NEW YORK, NY 277,812277.8k $5.3m $5.3m 0.04% Reduced -44.2k -44,153
38 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 274,413274.4k $5.3m $5.3m 0.01% Reduced -53.0k -52,959
39 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 274,004274.0k $5.3m $5.3m 0.00% Reduced -20.7k -20,676
40 Atria Wealth Solutions, Inc. 0.06% of their portfolio NEW YORK, NY 238,406238.4k $4.6m $4.6m 0.06% Reduced -15.0k -15,022
41 Truvestments Capital LLC 0.88% of their portfolio SARASOTA, FL 211,318211.3k $4.1m $4.1m 0.88% Added +67.2k +67,214
42 ARES MANAGEMENT LLC 0.24% of their portfolio LOS ANGELES, CA 201,606201.6k $3.9m $3.9m 0.24% Reduced -25.0k -25,000
43 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 200,000200.0k $3.8m $3.8m 0.01% Reduced -12.8k -12,810
44 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 191,097191.1k $3.7m $3.7m 0.01% Added +38.5k +38,524
45 FAS Wealth Partners, Inc. 0.29% of their portfolio LEAWOOD, KS 188,097188.1k $3.6m $3.6m 0.29% Reduced -8.1k -8,111
46 Naviter Wealth, LLC 0.43% of their portfolio LITTLE ROCK, AR 184,454184.5k $3.6m $3.6m 0.43% Added +26.4k +26,367
47 Baker Avenue Asset Management, LP 0.10% of their portfolio SAN FRANCISCO, CA 165,898165.9k $3.2m $3.2m 0.10% Added +3.0k +3,048
48 Graypoint LLC 0.20% of their portfolio Albany, NY 165,597165.6k $3.2m $3.2m 0.20% Added +694 +694
49 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 156,840156.8k $3.0m $3.0m 0.00% First filing
50 ELEVATION POINT WEALTH PARTNERS, LLC 0.25% of their portfolio DENVER, CO 153,851153.9k $3.0m $3.0m 0.25% Added +6.3k +6,309
51 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 153,147153.1k $2.9m $2.9m 0.01% Reduced -9.0k -8,959
52 Waterloo Capital, L.P. 0.27% of their portfolio AUSTIN, TX 151,666151.7k $2.9m $2.9m 0.27% Added +8.7k +8,666
53 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 151,384151.4k $2.9m $2.9m 0.01% Added +31.6k +31,562
54 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 142,649142.6k $2.7m $2.7m 0.01% Added +4.3k +4,285
55 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 140,565140.6k $2.7m $2.7m 0.02% Added +9.4k +9,416
56 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 125,592125.6k $2.4m $2.4m 0.00% Reduced -3.4k -3,393
57 Trexquant Investment LP 0.03% of their portfolio STAMFORD, CT 123,706123.7k $2.4m $2.4m 0.03% Added +16.4k +16,374
58 NAPA WEALTH MANAGEMENT 1.34% of their portfolio Napa, CA 123,610123.6k $2.4m $2.4m 1.34% Reduced -585 -585
59 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 123,511123.5k $2.4m $2.4m 0.01% Added +16.3k +16,309
60 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 119,453119.5k $2.3m $2.3m 0.00% Added +56.3k +56,282
61 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 116,514116.5k $2.2m $2.2m 0.02% Added +22.4k +22,392
62 Taylor Frigon Capital Management LLC 1.31% of their portfolio SCOTTSDALE, AZ 114,664114.7k $2.2m $2.2m 1.31% Added +823 +823
63 DNB Asset Management AS 0.01% of their portfolio Oslo, Q8 114,192114.2k $2.2m $2.2m 0.01% Reduced -39.8k -39,773
64 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 114,002114.0k $1.9m $1.9m 0.00% Reduced -676 -676
65 PFG Investments, LLC 0.14% of their portfolio WOODBURY, NY 112,062112.1k $2.2m $2.2m 0.14% Reduced -464 -464
66 Engineers Gate Manager LP 0.04% of their portfolio NEW YORK, NY 111,719111.7k $2.1m $2.1m 0.04% Added +62.7k +62,668
67 TWINBEECH CAPITAL LP 0.04% of their portfolio PURCHASE, NY 111,431111.4k $2.1m $2.1m 0.04% New
68 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 111,212111.2k $2.1m $2.1m 0.00% Added +28.8k +28,832
69 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 110,425110.4k $2.1m $2.1m 0.00% New
70 Golden State Wealth Management, LLC 0.30% of their portfolio SANTA ANA, CA 103,486103.5k $2.0m $2.0m 0.30% Reduced -12.2k -12,172
71 PENNINGTON PARTNERS & CO., LLC 1.06% of their portfolio Bethesda, MD 96,70096.7k $1.9m $1.9m 1.06% Unchanged
72 FJ Capital Management LLC 0.19% of their portfolio MCLEAN, VA 93,82993.8k $1.8m $1.8m 0.19% Added +38.9k +38,861
73 NATIXIS 0.01% of their portfolio PARIS, I0 93,36893.4k $1.8m $1.8m 0.01% Added +38.5k +38,471
74 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.14% of their portfolio CEDAR RAPIDS, IA 92,96893.0k $1.8m $1.8m 0.14% Added +521 +521
75 Aquatic Capital Management LLC 0.04% of their portfolio CHICAGO, IL 90,98991.0k $1.7m $1.7m 0.04% Reduced -12.7k -12,665
76 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 90,87690.9k $1.7m $1.7m 0.03% Added +7.9k +7,940
77 FIL Ltd 0.00% of their portfolio HAMILTON, D0 88,90188.9k $1.7m $1.7m 0.00% New
78 Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio Parsippany, NJ 88,53188.5k $1.7m $1.7m 0.08% Added +16 +16
79 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 0.64% of their portfolio Phoenix, AZ 87,05387.1k $1.7m $1.7m 0.64% Reduced -58.5k -58,529
80 Legacy Capital Wealth Partners, LLC 0.40% of their portfolio LITTLE ROCK, AR 84,60284.6k $1.6m $1.6m 0.40% Reduced -4.3k -4,332
81 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 82,49082.5k $1.6m $1.6m 0.00% Reduced -52.0k -51,965
82 Creegan & Nassoura Financial Group, LLC 1.03% of their portfolio Portsmouth, NH 80,17080.2k $1.5m $1.5m 1.03% Unchanged
83 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 79,72379.7k $1.5m $1.5m 0.01% New
84 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 79,44079.4k $1.5m $1.5m 0.01% Added +570 +570
85 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 77,69977.7k $1.5m $1.5m 0.00% Reduced -16.0k -15,981
86 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 76,48376.5k $1.5m $1.5m 0.00% Reduced -793 -793
87 SHARPEPOINT LLC 1.20% of their portfolio PHOENIX, AZ 75,69675.7k $1.4m $1.4m 1.20% Added +10.6k +10,571
88 SIMPLEX TRADING, LLC 0.05% of their portfolio CHICAGO, IL 72,85472.9k $1.4m $1.4m 0.05% New
89 DELPHI MANAGEMENT INC /MA/ 1.42% of their portfolio BROOKLINE, MA 72,57072.6k $1.4m $1.4m 1.42% Reduced -4.9k -4,856
90 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 71,70271.7k $1.4m $1.4m 0.00% Added +666 +666
91 IHT Wealth Management, LLC 0.04% of their portfolio Chicago, IL 69,66969.7k $1.3m $1.3m 0.04% Added +2.3k +2,307
92 NAPLES GLOBAL ADVISORS, LLC 0.12% of their portfolio NAPLES, FL 64,07464.1k $1.2m $1.2m 0.12% Added +1.8k +1,815
93 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 61,26961.3k $1.2m $1.2m 0.01% Added +1.7k +1,685
94 Essex Financial Services, Inc. 0.08% of their portfolio ESSEX, CT 60,67860.7k $1.2m $1.2m 0.08% Reduced -219 -219
95 TFG Advisers LLC 0.42% of their portfolio Auburn Hills, MI 60,18860.2k $1.2m $1.2m 0.42% Added +9.9k +9,920
96 Abundance Wealth Counselors 0.23% of their portfolio STATE COLLEGE, PA 58,15558.2k $1.1m $1.1m 0.23% Added +2.4k +2,407
97 Arkadios Wealth Advisors 0.04% of their portfolio ATLANTA, GA 57,57957.6k $1.1m $1.1m 0.04% Added +2.0k +2,006
98 Atom Investors LP 0.13% of their portfolio AUSTIN, TX 56,89856.9k $1.1m $1.1m 0.13% Reduced -25.5k -25,495
99 OMERS ADMINISTRATION Corp 0.01% of their portfolio TORONTO, A6 56,70056.7k $1.1m $1.1m 0.01% New
100 Bristlecone Advisors, LLC 0.09% of their portfolio BELLEVUE, WA 55,84555.8k $1.1m $1.1m 0.09% Added +8.7k +8,661