Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in HTGC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Sound Income Strategies, LLC | 3.4M | $49.2M | +25.1% | 1.807% | 2.38% |
| 2 | UBS Group AG | 2.5M | $36.8M | +49.2% | 1.333% | 0.01% |
| 3 | TWO SIGMA INVESTMENTS, LP | 2.3M | $34.3M | +31.8% | 1.242% | 0.03% |
| 4 | Qube Research & Technologies Ltd | 2.2M | $33.0M | +46.5% | 1.195% | 0.04% |
| 5 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2.0M | $28.9M | +121.2% | 1.044% | 0.00% |
| 6 | LPL Financial LLC | 1.8M | $26.5M | -1.5% | 0.960% | 0.01% |
| 7 | D. E. Shaw & Co., Inc. | 1.5M | $22.9M | +87.6% | 0.828% | 0.02% |
| 8 | Legal & General Group Plc | 1.5M | $22.1M | +8.4% | 0.801% | 0.01% |
| 9 | CITADEL ADVISORS LLC | 1.4M | $20.1M | +18.4% | 0.727% | 0.01% |
| 10 | Muzinich & Co., Inc. | 1.4M | $19.9M | +1.1% | 0.722% | 6.98% |
| 11 | MORGAN STANLEY | 1.3M | $18.7M | +13.5% | 0.676% | 0.00% |
| 12 | FRANKLIN RESOURCES INC | 1.1M | $16.8M | +16.4% | 0.607% | 0.00% |
| 13 | Sumitomo Mitsui Trust Holdings, Inc. | 1.0M | $15.1M | +0.7% | 0.548% | 0.01% |
| 14 | MILLENNIUM MANAGEMENT LLC | 985K | $14.6M | -34.4% | 0.526% | 0.01% |
| 15 | TECTONIC ADVISORS LLC | 893K | $13.2M | +17.5% | 0.477% | 0.70% |
| 16 | Advisors Capital Management, LLC | 856K | $12.6M | +3.4% | 0.458% | 0.15% |
| 17 | BlackRock, Inc. | 855K | $12.6M | -35.9% | 0.457% | 0.00% |
| 18 | PANORAMIC INVESTMENT ADVISORS, LLC | 800K | $11.8M | — | 0.427% | 5.72% |
| 19 | Melia Wealth LLC | 800K | $11.8M | -0.3% | 0.427% | 5.72% |
| 20 | ARES MANAGEMENT LLC | 777K | $11.5M | +285.2% | 0.415% | 0.76% |
| 21 | WELLS FARGO & COMPANY/MN | 749K | $11.1M | +1.2% | 0.400% | 0.00% |
| 22 | Gilman Hill Asset Management, LLC | 618K | $9.1M | +6.4% | 0.330% | 1.38% |
| 23 | STIFEL FINANCIAL CORP | 502K | $7.4M | -17.4% | 0.268% | 0.01% |
| 24 | Jefferies Financial Group Inc. | 499K | $7.4M | +906.2% | 0.267% | 0.05% |
| 25 | ROYAL BANK OF CANADA | 496K | $7.3M | -22.9% | 0.265% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in HTGC — a direct measure of their conviction.
Filings activity in HTGC during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 344 | 2.0% | 24.36% | 8.01 pp | $707M | 25% |
| Q4 2025 | 351 | +5.1% | 32.37% | +2.63 pp | $939M | +8.8% |
| Q3 2025 | 334 | +4.4% | 29.74% | +2.45 pp | $862M | +9.0% |
| Q2 2025 | 320 | +0.6% | 27.29% | +4.52 pp | $792M | +20% |
| Q1 2025 | 318 | 2.8% | 22.77% | 3.00 pp | $661M | 12% |
| Q4 2024 | 327 | +13% | 25.77% | +8.74 pp | $747M | +51% |
| Q3 2024 | 290 | +3.9% | 17.03% | 1.79 pp | $494M | 9.5% |
| Q2 2024 | 279 | — | 18.82% | — | $546M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying HTGC stock.
Based on Q1 2026 13F filings, institutional ownership of Hercules Capital, Inc. stands at 24.4%, held across 344 reporting institutions.
Sound Income Strategies, LLC is the largest reported institutional holder of HTGC, with approximately 3,382,058 shares worth $0.05B as of Q1 2026.
Yes — 4 widely-followed marquee investors appear among the top 25 institutional holders of HTGC, including TWO SIGMA INVESTMENTS, LP, SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC, MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for HTGC is 46 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
57 institutions opened new positions in HTGC during Q1 2026, while 64 fully exited. 46 added to existing positions and 240 trimmed.
HTGC institutional ownership fell by 8.01 percentage points quarter-over-quarter, with a net change of -7 holders.
The top 10 institutions account for 41.6% of all reported 13F value in HTGC, and the top 25 account for 67.2%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Hercules Capital, Inc. (HTGC) Institutional Ownership