HERCULES CAPITAL INC HTGC
COM · Common Stock · CUSIP 427096508 · ISIN US4270965084
* 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 ($751.6k this quarter). Holder counts are more reliable. Shares outstanding: 187.2m as of 2026-07-23, 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 ≈ $15.37. Options: 9 managers hold calls ($18.1m notional), 10 hold puts ($34.2m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 237 |
| Q4 2022 | 262 |
| Q1 2023 | 256 |
| Q2 2023 | 249 |
| Q3 2023 | 266 |
| Q4 2023 | 290 |
| Q1 2024 | 294 |
| Q2 2024 | 288 |
| Q3 2024 | 299 |
| Q4 2024 | 334 |
| Q1 2025 | 327 |
| Q2 2025 | 327 |
| Q3 2025 | 344 |
| Q4 2025 | 355 |
| Q1 2026 | 350 |
| Q2 2026 | 332 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 161 | 104 |
| Q4 2024 | 184 | 93 |
| Q1 2025 | 181 | 120 |
| Q2 2025 | 176 | 122 |
| Q3 2025 | 168 | 126 |
| Q4 2025 | 174 | 129 |
| Q1 2026 | 179 | 155 |
| Q2 2026 | 164 | 147 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $12.0m | $14.9m | 1.24 |
| Q4 2025 | $33.4m | $22.0m | 0.66 |
| Q1 2026 | $17.6m | $42.7m | 2.43 |
| Q2 2026 | $18.1m | $34.2m | 1.89 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +2.1m |
| VAN ECK ASSOCIATES CORP | Added | +713.7k |
| MORGAN STANLEY | Added | +547.9k |
| Janney Montgomery Scott LLC | New | +329.1k |
| Sound Income Strategies, LLC | Added | +285.5k |
| FRANKLIN RESOURCES INC | Added | +248.4k |
| Legal & General Group Plc | Added | +182.7k |
| Cambridge Investment Research Advisors, Inc. | Added | +155.3k |
| UBS Group AG | Added | +151.8k |
| Ilex Capital Partners (UK) LLP | New | +145.8k |
Biggest sellers
| Qube Research & Technologies Ltd | Reduced | -1.5m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -921.0k |
| Trexquant Investment LP | Reduced | -377.6k |
| Engineers Gate Manager LP | Reduced | -353.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -279.3k |
| Melia Wealth LLC | Reduced | -245.8k |
| D. E. Shaw & Co., Inc. | Reduced | -175.5k |
| Jump Financial, LLC | Reduced | -166.7k |
| Rare Wolf Capital LLC | Sold out | -130.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -120.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.3m274.0k shares |
| CITADEL ADVISORS LLC | Reduced | $3.5m222.1k shares |
| GROUP ONE TRADING LLC | Reduced | $2.6m166.8k shares |
| JANE STREET GROUP, LLC | Added | $1.9m119.1k shares |
| IMC-Chicago, LLC | Added | $1.6m103.6k shares |
| Jefferies Financial Group Inc. | Reduced | $1.4m90.0k shares |
| Walleye Trading LLC | Added | $1.1m71.9k shares |
| PEAK6 LLC | Reduced | $878.4k55.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $741.2k47.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.2m837.2k shares |
| CITIGROUP INC | Unchanged | $3.9m250.0k shares |
| GROUP ONE TRADING LLC | Reduced | $3.9m244.7k shares |
| CITADEL ADVISORS LLC | Reduced | $3.8m238.8k shares |
| Jefferies Financial Group Inc. | Reduced | $3.5m220.0k shares |
| JANE STREET GROUP, LLC | Added | $3.0m189.4k shares |
| IMC-Chicago, LLC | Reduced | $2.1m132.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $820.0k52.0k shares |
| Walleye Trading LLC | Added | $91.5k5.8k shares |
| FNY Investment Advisers, LLC | Unchanged | $1.0k100 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 since 1 Apr 2026
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 7 | $248.2k | 1 | $7.0k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 1 | $106.6k | 0 | — | — |
| Q1 2026 | 11 | $2.4m | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| VAN ECK ASSOCIATES CORP 0.04% of their portfolio | 3.9m $61.2m | Added +713.7k |
| Sound Income Strategies, LLC 2.60% of their portfolio | 3.7m $57.8m | Added +285.5k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 2.9m $46.3m | Added +2.1m |
| UBS Group AG 0.01% of their portfolio | 2.6m $41.7m | Added +151.8k |
| Pandowealth. LLC 0.00% of their portfolio | 2.5m $0 | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 2.3m $35.7m | Reduced -59.0k |
| LPL Financial LLC 0.01% of their portfolio | 1.9m $29.3m | Added +61.6k |
| MORGAN STANLEY 0.00% of their portfolio | 1.8m $28.6m | Added +547.9k |
| Legal & General Group Plc 0.01% of their portfolio | 1.7m $26.5m | Added +182.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.4m $21.8m | Added +248.4k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.4m $21.7m | Reduced -175.5k |
| Muzinich & Co., Inc. 7.31% of their portfolio | 1.4m $21.4m | Added +6.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 1.0m $16.2m | Added +2.1k |
| TECTONIC ADVISORS LLC 0.76% of their portfolio | 1.0m $15.9m | Added +113.3k |
| BlackRock, Inc. 0.00% of their portfolio | 924.1k $14.6m | Added +69.1k |
| Advisors Capital Management, LLC 0.15% of their portfolio | 919.5k $14.5m | Added +63.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 837.6k $13.3m | Reduced -41.0k |
| ARES MANAGEMENT LLC 0.53% of their portfolio | 776.6k $12.2m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 735.4k $11.6m | Reduced -13.8k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 694.3k $10.9m | Reduced -1.5m |
| Gilman Hill Asset Management, LLC 1.40% of their portfolio | 646.7k $10.2m | Added +28.8k |
| HRT FINANCIAL LP 0.02% of their portfolio | 613.0k $9.7m | Added +117.7k |
| Border to Coast Pensions Partnership Ltd 0.14% of their portfolio | 600.0k $9.5m | Added +125.0k |
| Melia Wealth LLC 5.03% of their portfolio | 553.9k $8.7m | Reduced -245.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 532.1k $8.4m | Added +55.5k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 486.4k $7.7m | Reduced -15.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 485.2k $7.7m | Added +47.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 460.5k $7.3m | Reduced -35.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 338.3k $5.3m | Reduced -104.3k |
| D.A. DAVIDSON & CO. 0.03% of their portfolio | 335.9k $5.3m | Added +12.5k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 329.1k $5.2m | New |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 312.4k $4.9m | Added +155.3k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 304.6k $4.8m | Added +2.9k |
| Advisors Asset Management, Inc. 0.07% of their portfolio | 291.4k $4.6m | Reduced -15.6k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 276.2k $4.4m | Added +2.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 264.2k $4.2m | Reduced -120.1k |
| STATE STREET CORP 0.00% of their portfolio | 262.5k $4.1m | Added +39.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 259.6k $4.1m | Added +32.6k |
| Cetera Investment Advisers 0.00% of their portfolio | 257.0k $4.1m | Added +381 |
| FJ Capital Management LLC 0.51% of their portfolio | 249.0k $3.9m | Reduced -28.6k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 232.7k $3.7m | Added +80.8k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 230.6k $3.6m | Reduced -3.5k |
| Cerity Partners LLC 0.00% of their portfolio | 217.8k $3.4m | Added +19.8k |
| Naviter Wealth, LLC 0.31% of their portfolio | 217.7k $3.4m | Added +7.2k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 211.5k $3.3m | Added +26.9k |
| DENALI ADVISORS LLC 0.33% of their portfolio | 210.6k $3.3m | Reduced -13.7k |
| ELEVATION POINT WEALTH PARTNERS, LLC 0.06% of their portfolio | 207.8k $3.3m | Added +1.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 203.0k $3.2m | Added +9.7k |
| BLAIR WILLIAM & CO/IL 0.01% of their portfolio | 191.2k $3.0m | Unchanged |
| FAS Wealth Partners, Inc. 0.16% of their portfolio | 190.9k $3.0m | Added +10.2k |
| Waterloo Capital, L.P. 0.17% of their portfolio | 190.9k $3.0m | Added +4.2k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 190.5k $3.0m | Added +90.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 182.6k $2.9m | Reduced -30.7k |
| BARCLAYS PLC 0.00% of their portfolio | 162.9k $2.6m | Reduced -77.4k |
| Taylor Frigon Capital Management LLC 1.19% of their portfolio | 160.7k $2.5m | Added +2.2k |
| Apollon Wealth Management, LLC 0.03% of their portfolio | 152.4k $2.4m | Added +581 |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 148.8k $2.3m | Added +24.4k |
| SHARPEPOINT LLC 1.17% of their portfolio | 147.8k $2.3m | Added +5.4k |
| Ilex Capital Partners (UK) LLP 0.05% of their portfolio | 145.8k $2.3m | New |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 142.5k $2.2m | Added +398 |
| INDEPENDENT FINANCIAL GROUP, LLC 0.04% of their portfolio | 139.5k $2.2m | Added +55.1k |
| AE Wealth Management LLC 0.01% of their portfolio | 135.3k $2.1m | Added +34.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 131.1k $2.1m | Reduced -13.3k |
| Abundance Wealth Counselors 0.13% of their portfolio | 127.9k $2.0m | Added +65.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 127.1k $2.0m | Added +40.9k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 127.1k $2.0m | Reduced -1.5k |
| Significant Wealth Partners LLC 2.16% of their portfolio | 126.2k $2.0m | Added +1.1k |
| IHT Wealth Management, LLC 0.04% of their portfolio | 125.2k $2.0m | Added +24.3k |
| Triad Investment Management 2.17% of their portfolio | 125.0k $2.0m | Added +20.4k |
| RESOLUTE CAPITAL, LLC 0.67% of their portfolio | 123.7k $2.0m | Added +46.9k |
| Summit Financial, LLC 0.02% of their portfolio | 121.2k $1.9m | Added +80.9k |
| Elemental Capital Partners LLC 0.40% of their portfolio | 120.7k $1.9m | New |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.09% of their portfolio | 112.0k $1.8m | New |
| PFG Investments, LLC 0.07% of their portfolio | 111.6k $1.8m | Reduced -2.0k |
| CIBC Bancorp USA Inc. 0.00% of their portfolio | 111.3k $1.8m | Unchanged |
| &PARTNERS 0.01% of their portfolio | 108.6k $1.7m | Added +31.8k |
| Legacy Capital Wealth Partners, LLC 0.33% of their portfolio | 108.5k $1.7m | Added +10.2k |
| CENTAURUS FINANCIAL, INC. 0.07% of their portfolio | 107.4k $1.7m | Reduced -56 |
| MATHER GROUP, LLC. 0.01% of their portfolio | 104.9k $1.7m | Reduced -4.2k |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.07% of their portfolio | 98.6k $1.6m | Added +4.0k |
| NATIXIS 0.01% of their portfolio | 98.3k $1.6m | Reduced -20.3k |
| PENNINGTON PARTNERS & CO., LLC 0.49% of their portfolio | 96.7k $1.5m | Unchanged |
| Trexquant Investment LP 0.01% of their portfolio | 92.9k $1.5m | Reduced -377.6k |
| Triumph Capital Management 0.26% of their portfolio | 92.4k $1.5m | Added +10.5k |
| Creative Planning 0.00% of their portfolio | 92.2k $1.5m | Added +23.4k |
| RIVERBRIDGE PARTNERS LLC 0.04% of their portfolio | 91.0k $1.4m | Added +321 |
| Lido Advisors, LLC 0.00% of their portfolio | 88.5k $1.4m | Added +10.9k |
| Truvestments Capital LLC 0.20% of their portfolio | 87.3k $1.4m | Reduced -6.4k |
| Whipplewood Advisors, LLC 0.89% of their portfolio | 83.5k $1.3m | Added +24.4k |
| NAPLES GLOBAL ADVISORS, LLC 0.08% of their portfolio | 82.6k $1.3m | Added +2.7k |
| S&T Bank/PA 0.39% of their portfolio | 82.2k $1.3m | Reduced -24.1k |
| Quantbot Technologies LP 0.05% of their portfolio | 81.1k $1.3m | Added +17.2k |
| Private Advisor Group, LLC 0.01% of their portfolio | 79.5k $1.3m | Reduced -25.1k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 79.4k $1.3m | Added +8.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 79.3k $1.3m | Added +35.0k |
| Secure Asset Management, LLC 0.17% of their portfolio | 77.8k $1.2m | Added +12.3k |
| Tidal Investments LLC 0.00% of their portfolio | 77.2k $1.2m | Unchanged |
| GEN Financial Management, INC. 0.72% of their portfolio | 76.4k $1.2m | New |
| ROMANO BROTHERS AND COMPANY 0.12% of their portfolio | 76.0k $1.2m | Added +136 |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 74.5k $1.2m | Added +11.6k |