Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

HERCULES CAPITAL INC (HTGC)

345 + 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
↑ +14
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — HTGC

Based on 333 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added HTGC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
333 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 — +6% more funds vs a year ago

fund count last 6Q
+20 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

183 buying140 selling
Last quarter: 183 funds bought or added vs 140 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.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new HTGC position: 37 → 35 → 46 → 55. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 23% medium ■ 18% new
198 out of 333 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.
📈

Growing discovery — still being found

58 → 37 → 35 → 46 → 55 new funds/Q
New funds entering each quarter: 37 → 35 → 46 → 55. A growing number of institutions are discovering HTGC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 14% 1-2yr ■ 21% new
Of 345 current holders: 224 (65%) 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 — 22% AUM from major funds

22% from top-100 AUM funds
23 of 333 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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.

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

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

33 top-rated funds 2 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
2.7
/ 10
conviction
Hedge Fund Positioning: HTGC
2026 Q1 Stats Unlock in 19 days 345 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 345 332 3.92%
13F Shares 50M 46M 7.8%
Total Value $954M $873M 9.23%
New Positions 56 49 +7
Increased Positions 152 138 +14
Closed Positions 43 35 +8
Reduced Positions 106 109 -3
Total Calls 5 6 -16.67%
Total Puts 9 7 28.57%
PUT/CALL Ratio 1.8 1.17 Bearish

Statistics: HTGC

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

345 + investors

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

Top 25 institutional holders of HTGC — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Muzinich & Co., Inc. 6.98% 1,350,125 $19.9M
2 Sound Income Strategies, LLC 2.38% 3,382,058 $49.2M
3 Significant Wealth Partners LLC 2.28% 125,136 $1.8M
4 SMH CAPITAL ADVISORS INC 1.84% 607 $607K
5 Triad Investment Management 1.83% 312,689 $5.0M
6 Gilman Hill Asset Management, LLC 1.38% 617,833 $9.1M
7 Taylor Frigon Capital Management LLC 1.33% 158,491 $2.3M
8 DELPHI MANAGEMENT INC /MA/ 1.18% 66,999 —
9 TECTONIC ADVISORS LLC 0.70% 893,102 $13.2M
10 J.M. Arbour, LLC 0.48% 33,641 $497K
11 Whipplewood Advisors, LLC 0.45% 59,045 $872K
12 Naviter Wealth, LLC 0.39% 210,445 $3.1M
13 MQS Management LLC 0.32% 32,520 $480K
14 TRED AVON FAMILY WEALTH, LLC 0.31% 63,707 $941K
15 Future Financial Wealth Managment LLC 0.28% 28,175 $442K
16 Cordoba Advisory Partners LLC 0.24% 58,770 $866K
17 Madison Park Capital Advisors, LLC 0.23% 20,000 $295K
18 INVESTED ADVISORS 0.21% 13,762 $203K
19 Penbrook Management LLC 0.17% 15,060 $222K
20 CMH Wealth Management LLC 0.17% 65,120 $962K
21 Secure Asset Management, LLC 0.15% 65,539 $968K
22 Accel Wealth Management 0.15% 39,741 $587K
23 Investment Research Partners LLC 0.14% 24,085 $356K
24 Abundance Wealth Counselors 0.13% 62,147 $918K
25 ROMANO BROTHERS AND COMPANY 0.13% 75,900 $1.1M
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?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added HTGC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for HTGC?

Slight buying edge — 57% buying: Last quarter: 183 funds bought or added vs 140 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 — 22% AUM from major funds: 23 of 333 holders rank in the top 100 by AUM, accounting for 22% 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: 198 out of 333 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.

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.