Hercules Capital, Inc.
US ˙ NYSE ˙ US4270965084

SecurityHTGC / Hercules Capital, Inc.
InstitutionD.a. Davidson & Co.
Latest Disclosed Ownership323,397 shares
Latest Disclosed Value $ 4,776,578
D.a. Davidson & Co. reports 4.59% increase in ownership of HTGC / Hercules Capital, Inc.

On May 5, 2026 - D.a. Davidson & Co. filed a 13F-HR form disclosing ownership of 323,397 shares of Hercules Capital, Inc. (US:HTGC) valued at $4,776,574 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 309,211 shares of Hercules Capital, Inc.. This represents a change in shares of 4.59% during the quarter. The current value of the position is $5,035,291 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-05 2026-03-31 13F HERCULES CAPITAL COM 427096508 323,397 14,186 4.59 4,777 -17.92 0.0290
2026-01-29 2025-12-31 13F HERCULES CAPITAL COM 427096508 309,211 9,072 3.02 5,819 2.54 0.0356
2025-10-22 2025-09-30 13F HERCULES CAPITAL COM 427096508 300,139 4,625 1.57 5,676 5.05 0.0363
2025-07-30 2025-06-30 13F HERCULES CAPITAL COM 427096508 295,514 9,585 3.35 5,402 -1.64 0.0380
2025-04-28 2025-03-31 13F HERCULES CAPITAL COM 427096508 285,929 -3,254 -1.13 5,493 -5.46 0.0441
2025-01-31 2024-12-31 13F HERCULES CAPITAL COM 427096508 289,183 5,333 1.88 5,810 4.22 0.0473
2024-11-13 2024-09-30 13F HERCULES CAPITAL COM 427096508 283,850 18,823 7.10 5,575 2.86 0.0460
2024-08-01 2024-06-30 13F HERCULES CAPITAL COM 427096508 265,027 16,912 6.82 5,420 18.40 0.0480
2024-05-13 2024-03-31 13F HERCULES CAPITAL COM 427096508 248,115 26,121 11.77 4,578 23.70 0.0412
2024-02-09 2023-12-31 13F HERCULES CAPITAL COM 427096508 221,994 18,473 9.08 3,701 10.75 0.0363
2023-11-08 2023-09-30 13F HERCULES CAPITAL COM 427096508 203,521 18,727 10.13 3,342 22.20 0.0363
2023-08-11 2023-06-30 13F HERCULES CAPITAL COM 427096508 184,794 7,508 4.23 2,735 19.65 0.0289
2023-04-25 2023-03-31 13F HERCULES CAPITAL COM 427096508 177,286 10,322 6.18 2,285 3.53 0.0257
2023-02-03 2022-12-31 13F HERCULES CAPITAL COM 427096508 166,964 11,686 7.53 2,207 22.75 0.0260
2022-11-07 2022-09-30 13F HERCULES CAPITAL COM 427096508 155,278 10,956 7.59 1,798 -7.65 0.0235
2022-07-28 2022-06-30 13F HERCULES CAPITAL COM 427096508 144,322 23,554 19.50 1,947 -10.77 0.0245
2022-05-12 2022-03-31 13F HERCULES CAPITAL COM 427096508 120,768 9,952 8.98 2,182 18.72 0.0238
2022-01-31 2021-12-31 13F HERCULES CAPITAL COM 427096508 110,816 28,200 34.13 1,838 33.97 0.0196
2021-11-15 2021-09-30 13F HERCULES CAPITAL COM 427096508 82,616 82,616 1,372 0.0159
2017-11-08 2017-09-30 13F HERCULES TECH GROWTH CAP COM 427096508 0 -11,155 -100.00 0 -100.00
2017-08-11 2017-06-30 13F HERCULES TECH GROWTH CAP COM 427096508 11,155 -13 -0.12 147 -12.50 0.0033
2017-05-12 2017-03-31 13F HERCULES TECH GROWTH CAP COM 427096508 11,168 8,658 344.94 168 380.00 0.0041
2014-05-05 2014-03-31 13F HERCULES TECH GROWTH CAP COM 427096508 2,510 0 0.00 35 -14.63 0.0013
2014-02-13 2013-12-31 13F/A-1 HERCULES TECH GROWTH CAP COM 427096508 2,510 2,510 41 0.0015
2014-02-12 2013-12-31 13F HERCULES TECH GROWTH CAP COM 427096508 2,510 41
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.