Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Hercules Capital Inc (HTGC)

331 + 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
↓ -21
Streak
1Q ▼
Buyers last Q
51%

Smart Money Signals — HTGC

Based on 336 hedge funds · latest filing: 2026 Q2 · 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.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
336 funds currently hold this stock — 94% of the 3.0-year high of 357 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q
+14 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 51% buying

172 buying165 selling
Last quarter: 172 funds bought or added vs 165 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.
⚠️

Fewer new buyers each quarter (-24 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 52 → 62 → 61 → 37. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 18% medium ■ 19% new
213 out of 336 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.
💰

Price up while funds trimmed (+10% value, -28% shares)

Value
+10%
Shares
-27%
Last quarter: total value of institutional HTGC holdings rose +10% even though funds reduced share count by 28%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️

Steady discovery — ~37 new funds/quarter

38 → 52 → 62 → 61 → 37 new funds/Q
New funds entering each quarter: 52 → 62 → 61 → 37. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 67% veterans vs 24% newcomers

■ 67% veterans ■ 9% 1-2yr ■ 24% new
Entry-cohort mix of 345 holders: 230 (67%) are 2+ year veterans, 32 entered 1–2 years ago, and 83 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
37 of 332 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in HTGC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 Q2, 172 hedge funds were net buyers of HTGC (37 opened a new position, 135 added to an existing one), while 165 reduced or exited (107 trimmed, 58 sold completely) — a 51% buyer ratio, indicating a slight buying edge. 45% of total institutional value in HTGC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -21 funds (more exits than new entries). Total institutional holders: 336.

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.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

9 top-rated funds 3 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
2.6
/ 10
conviction
Hedge Fund Positioning: HTGC
331 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 331 357 -7.28%
13F Shares 54M 75M -27.62%
Total Value $848M $768M 10.43%
New Positions 37 61 -24
Increased Positions 133 126 +7
Closed Positions 59 60 -1
Reduced Positions 103 109 -6
Total Calls 6 6 -
Total Puts 7 9 -22.22%
PUT/CALL Ratio 1.17 1.5 Neutral

Statistics: HTGC

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Institutional Holders (2026 Q2)

331 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Muzinich & Co., Inc. 7.31% 1,357,013 $21.4M
2 Melia Wealth LLC 5.03% 553,874 $8.7M
3 Smh Capital Advisors Inc 3.68% 59,466 $938K
4 Sound Income Strategies, LLC 2.60% 3,667,518 $57.8M
5 Triad Investment Management 2.17% 125,009 $2.0M
6 Significant Wealth Partners LLC 2.16% 126,219 $2.0M
7 Gilman Hill Asset Management, LLC 1.40% 646,682 $10.2M
8 Taylor Frigon Capital Management LLC 1.19% 160,722 $2.5M
9 Sharpepoint LLC 1.17% 147,847 $2.3M
10 Whipplewood Advisors, LLC 0.89% 83,463 $1.3M
11 Tectonic Advisors LLC 0.76% 1,006,408 $15.9M
12 Closed-End Fund Advisors, Inc. 0.76% 49,193 $776K
13 GEN Financial Management, INC. 0.72% 76,382 $1.2M
14 Resolute Capital, LLC 0.67% 123,665 $2.0M
15 J.M. Arbour, LLC 0.62% 45,604 $719K
16 Ares Management LLC 0.53% 776,606 $12.2M
17 FJ Capital Management LLC 0.51% 249,039 $3.9M
18 Pennington Partners & CO., LLC 0.49% 96,700 $1.5M
19 Elemental Capital Partners LLC 0.40% 120,680 $1.9M
20 Commerce Advisors, LLC 0.39% 45,754 $722K
21 S&T Bank/Pa 0.39% 82,175 $1.3M
22 Denali Advisors LLC 0.33% 210,633 $3.3M
23 Legacy Capital Wealth Partners, LLC 0.33% 108,546 $1.7M
24 Tred Avon Family Wealth, LLC 0.32% 65,337 $1.0M
25 Naviter Wealth, LLC 0.31% 217,666 $3.4M
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 — 51% buying: Last quarter: 172 funds bought or added vs 165 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?

Elite ownership — 45% AUM from top-100 funds: 37 of 332 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in HTGC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held HTGC?

63% of holders stayed for 2+ years: 213 out of 336 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.

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