Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Hercules Capital Inc (HTGC)

352 + Investors. Track Smart Money conviction in HTGC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
52%

Smart Money Signals — HTGC

Based on 354 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their HTGC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
354 hedge funds hold HTGC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q
+34 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

189 buying171 selling
Last quarter: 189 funds bought or added vs 171 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~59 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 37 → 52 → 61 → 59. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 19% medium ■ 21% new
209 out of 354 hedge funds have held HTGC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +44%, value -28%

Value
-27%
Shares
+43%
Last quarter: funds added +44% more shares while total portfolio value only changed -28%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

37 → 37 → 52 → 61 → 59 new funds/Q
New funds entering each quarter: 37 → 52 → 61 → 59. A growing number of institutions are discovering HTGC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 63% of holders stayed 2+ years

■ 63% veterans ■ 13% 1-2yr ■ 24% new
Of 363 current holders: 229 (63%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
33 of 354 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — HTGC

In 2026 Q1, 189 hedge funds were net buyers of HTGC (59 opened a new position, 130 added to an existing one), while 171 reduced or exited (111 trimmed, 60 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 38% of total institutional value in HTGC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 354.

Hedge Fund Ownership: HTGC

How many hedge funds hold HTGC — quarterly history vs. share price
Quarterly hedge fund ownership of HTGC vs. share price

Market Analysis: HTGC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HTGC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Hercules Capital Inc (HTGC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much HTGC has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
HTGC
nan%
XLF
+9.5%

HTGC outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
HTGC
nan%
XLF
+5.8%

Since the filing became public, HTGC outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

17 top-rated funds 4 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: HTGC
352 + Investors

Track Smart Money conviction in HTGC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 352 355 -0.85%
13F Shares 75M 52M 43.73%
Total Value $764M $1.06B -27.88%
New Positions 59 61 -2
Increased Positions 126 134 -8
Closed Positions 62 43 +19
Reduced Positions 108 95 +13
Total Calls 6 5 20.0%
Total Puts 9 9 -
PUT/CALL Ratio 1.5 1.8 Bearish

Statistics: HTGC

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

352 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in HTGC. Verified SEC 13F-HR filings.

QUARTER:
Top 25 HTGC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Muzinich & Co., Inc. 6.98% 1,350,125 $19.9M
2 Melia Wealth LLC 5.72% 799,708 $11.8M
3 Panoramic Investment Advisors, LLC 5.72% 799,775 $11.8M
4 Sound Income Strategies, LLC 2.38% 3,382,058 $49.2M
5 Significant Wealth Partners LLC 2.28% 125,136 $1.8M
6 Triad Investment Management 1.83% 312,689 $5.0M
7 Gilman Hill Asset Management, LLC 1.38% 617,833 $9.1M
8 Taylor Frigon Capital Management LLC 1.33% 158,491 $2.3M
9 Sharpepoint LLC 1.25% 142,488 $2.1M
10 Rare Wolf Capital LLC 1.25% 130,771 $1.9M
11 Ares Management LLC 0.76% 776,606 $11.5M
12 Tectonic Advisors LLC 0.70% 893,102 $13.2M
13 Rhodes Investment Advisors Inc /Adv 0.60% 39,300 $740K
14 S&T Bank/Pa 0.59% 106,315 $1.6M
15 Commerce Advisors, LLC 0.56% 45,142 $667K
16 Pennington Partners & CO., LLC 0.49% 96,700 $1.4M
17 J.M. Arbour, LLC 0.48% 33,641 $497K
18 FJ Capital Management LLC 0.46% 277,666 $4.1M
19 Resolute Capital, LLC 0.46% 76,767 $1.1M
20 Whipplewood Advisors, LLC 0.45% 59,045 $872K
21 Closed-End Fund Advisors, Inc. 0.45% 29,845 $441K
22 Naviter Wealth, LLC 0.39% 210,445 $3.1M
23 Denali Advisors LLC 0.37% 224,350 $3.3M
24 MQS Management LLC 0.32% 32,520 $480K
25 Tred Avon Family Wealth, LLC 0.31% 63,707 $941K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Hercules Capital Inc (HTGC)

What does the Smart Money Trend signal show for HTGC?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their HTGC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for HTGC?

Slight buying edge — 52% buying: Last quarter: 189 funds bought or added vs 171 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for HTGC holders?

Strong quality — 38% AUM from major funds: 33 of 354 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held HTGC?

59% of holders stayed for 2+ years: 209 out of 354 hedge funds have held HTGC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Hercules Capital Inc (HTGC) following the 2026 Q1 hedge fund 13F filings?

As of today, HTGC has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), HTGC has gained nan% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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