Hercules Capital, Inc.
US ˙ NYSE ˙ US4270965084

SecurityHTGC / Hercules Capital, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership1,264,616 shares
Latest Disclosed Value $ 18,678,411
Morgan Stanley reports 13.50% increase in ownership of HTGC / Hercules Capital, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 1,264,616 shares of Hercules Capital, Inc. (US:HTGC) valued at $18,678,378 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 1,114,173 shares of Hercules Capital, Inc.. This represents a change in shares of 13.50% during the quarter. The current value of the position is $19,690,071 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-05-15 2026-03-31 13F HERCULES CAPITAL COM 427096508 1,264,616 150,443 13.50 18,678 -10.92 0.0011
2026-05-27 2025-12-31 13F/A-1 HERCULES CAPITAL COM 427096508 1,114,173 -59,453 -5.07 20,969 -5.52 0.0013
2026-02-13 2025-12-31 13F HERCULES CAPITAL COM 427096508 1,114,173 -59,453 20,969 0.0013
2026-05-27 2025-09-30 13F/A-1 HERCULES CAPITAL COM 427096508 1,173,626 -255,959 -17.90 22,193 -15.07 0.0013
2025-11-14 2025-09-30 13F HERCULES CAPITAL COM 427096508 1,173,626 -255,959 22,193 0.0013
2025-08-15 2025-06-30 13F HERCULES CAPITAL COM 427096508 1,429,585 -144,914 -9.20 26,133 -13.60 0.0017
2025-05-15 2025-03-31 13F HERCULES CAPITAL COM 427096508 1,574,499 294,816 23.04 30,246 17.65 0.0022
2025-05-15 2024-12-31 13F/A-1 HERCULES CAPITAL COM 427096508 1,279,683 22,717 1.81 25,709 4.14 0.0018
2025-02-14 2024-12-31 13F HERCULES CAPITAL COM 427096508 1,279,683 22,717 25,709 0.0018
2025-05-14 2024-09-30 13F/A-2 HERCULES CAPITAL COM 427096508 1,256,966 76,655 6.49 24,687 2.27 0.0018
2025-02-14 2024-09-30 13F/A-1 HERCULES CAPITAL COM 427096508 1,256,966 76,655 24,687 0.0018
2024-11-14 2024-09-30 13F HERCULES CAPITAL COM 427096508 1,256,966 76,655 24,687 0.0018
2025-05-14 2024-06-30 13F/A-2 HERCULES CAPITAL COM 427096508 1,180,311 39,199 3.44 24,137 14.65 0.0019
2024-10-17 2024-06-30 13F/A-1 HERCULES CAPITAL COM 427096508 1,180,311 39,199 24,137 0.0019
2024-08-14 2024-06-30 13F HERCULES CAPITAL COM 427096508 1,180,311 39,199 24,137 0.0019
2024-10-17 2024-03-31 13F/A-2 HERCULES CAPITAL COM 427096508 1,141,112 117,234 11.45 21,054 23.35 0.0017
2024-08-16 2024-03-31 13F/A-1 HERCULES CAPITAL COM 427096508 1,141,112 117,234 21,054 0.0002
2024-05-15 2024-03-31 13F HERCULES CAPITAL COM 427096508 1,141,112 117,234 21,054 0.0017
2024-08-16 2023-12-31 13F/A-1 HERCULES CAPITAL COM 427096508 1,023,878 -61,820 -5.69 17,068 -4.26 0.0015
2024-02-13 2023-12-31 13F HERCULES CAPITAL COM 427096508 1,023,878 -61,820 17,068 0.0015
2023-11-15 2023-09-30 13F HERCULES CAPITAL COM 427096508 1,085,698 4,635 0.43 17,827 11.43 0.0018
2023-08-14 2023-06-30 13F HERCULES CAPITAL COM 427096508 1,081,063 -152,810 -12.38 16,000 0.60 0.0016
2023-05-15 2023-03-31 13F HERCULES CAPITAL COM 427096508 1,233,873 96,959 8.53 15,905 5.82 0.0017
2023-02-14 2022-12-31 13F HERCULES CAPITAL COM 427096508 1,136,914 32,831 2.97 15,030 17.56 0.0017
2022-11-14 2022-09-30 13F HERCULES CAPITAL COM 427096508 1,104,083 -234,928 -17.54 12,785 -29.22 0.0017
2022-10-27 2022-06-30 13F/A-1 HERCULES CAPITAL COM 427096508 1,339,011 408,648 43.92 18,063 7.45 0.0023
2022-08-15 2022-06-30 13F HERCULES CAPITAL COM 427096508 1,339,011 408,648 18,063 0.0005
2022-10-27 2022-03-31 13F/A-1 HERCULES CAPITAL COM 427096508 930,363 17,675 1.94 16,811 11.02 0.0023
2022-05-13 2022-03-31 13F HERCULES CAPITAL COM 427096508 930,363 17,675 16,811 0.0023
2022-02-14 2021-12-31 13F HERCULES CAPITAL COM 427096508 912,688 34,417 3.92 15,142 3.80 0.0019
2021-11-15 2021-09-30 13F HERCULES CAPITAL COM 427096508 878,271 -97,239 -9.97 14,588 -12.34 0.0020
2021-08-23 2021-06-30 13F/A-1 HERCULES CAPITAL COM 427096508 975,510 125,944 14.82 16,642 22.21 0.0022
2021-08-16 2021-06-30 13F HERCULES CAPITAL COM 427096508 975,510 125,944 16,642 0.0005
2021-05-17 2021-03-31 13F HERCULES CAPITAL COM 427096508 849,566 41,957 5.20 13,618 16.93 0.0020
2021-02-16 2020-12-31 13F HERCULES CAPITAL COM 427096508 807,609 60,064 8.03 11,646 34.65 0.0018
2020-11-13 2020-09-30 13F HERCULES CAPITAL COM 427096508 747,545 108,793 17.03 8,649 29.34 0.0017
2020-08-14 2020-06-30 13F HERCULES CAPITAL COM 427096508 638,752 -17,739 -2.70 6,687 33.31 0.0015
2020-05-26 2020-03-31 13F/A-1 HERCULES CAPITAL COM 427096508 656,491 -91,301 -12.21 5,016 -52.16 0.0014
2020-05-15 2020-03-31 13F HERCULES CAPITAL COM 427096508 656,491 -91,301 5,016 385.3334
2020-02-14 2019-12-31 13F HERCULES CAPITAL COM 427096508 747,792 43,521 6.18 10,484 11.34 0.0024
2019-11-14 2019-09-30 13F HERCULES CAPITAL COM 427096508 704,271 -57,348 -7.53 9,416 -3.56 0.0025
2019-08-14 2019-06-30 13F HERCULES CAPITAL COM 427096508 761,619 -81,413 -9.66 9,764 -8.52 0.0026
2019-05-15 2019-03-31 13F HERCULES CAPITAL COM 427096508 843,032 18,217 2.21 10,673 17.09 0.0030
2019-02-14 2018-12-31 13F HERCULES CAPITAL COM 427096508 824,815 42,055 5.37 9,115 -11.51 0.0027
2019-04-23 2018-09-30 13F/A-2 HERCULES CAPITAL COM 427096508 782,760 37,681 5.06 10,301 9.29 0.0026
2018-11-20 2018-09-30 13F/A-1 HERCULES CAPITAL COM 427096508 782,760 0 10,301 0.0026
2018-11-14 2018-09-30 13F HERCULES CAPITAL COM 427096508 782,760 37,681 10,301
2019-04-23 2018-06-30 13F/A-1 HERCULES CAPITAL COM 427096508 745,079 73,891 11.01 9,425 16.04 0.0025
2018-08-14 2018-06-30 13F HERCULES CAPITAL COM 427096508 745,079 73,891 9,425
2019-04-23 2018-03-31 13F/A-1 HERCULES CAPITAL COM 427096508 671,188 -57,174 -7.85 8,122 -15.01 0.0023
2018-05-14 2018-03-31 13F HERCULES CAPITAL COM 427096508 671,188 -57,174 8,122
2019-04-23 2017-12-31 13F/A-1 HERCULES CAPITAL COM 427096508 728,362 8,735 1.21 9,556 2.94 0.0026
2018-02-14 2017-12-31 13F HERCULES CAPITAL COM 427096508 728,362 8,735 9,556
2017-11-14 2017-09-30 13F HERCULES CAPITAL COM 427096508 719,627 172,231 31.46 9,283 28.09 0.0028
2017-08-11 2017-06-30 13F HERCULES CAPITAL COM 427096508 547,396 -14,451 -2.57 7,247 -14.75 0.0022
2017-05-22 2017-03-31 13F/A-1 HERCULES CAPITAL COM 427096508 561,847 -83,114 -12.89 8,501 -6.59 0.0026
2017-05-12 2017-03-31 13F HERCULES CAPITAL COM 427096508 561,847 8,501
2017-02-22 2016-12-31 13F/A-1 HERCULES CAPITAL COM 427096508 644,961 -66,705 -9.37 9,101 -5.68 0.0030
2017-02-13 2016-12-31 13F HERCULES CAPITAL COM 427096508 644,961 9,101
2016-11-10 2016-09-30 13F HERCULES CAPITAL COM 427096508 711,666 -35,550 -4.76 9,649 3.97 0.0033
2016-08-12 2016-06-30 13F HERCULES CAPITAL COM 427096508 747,216 -51,154 -6.41 9,281 -3.19 0.0034
2016-05-12 2016-03-31 13F HERCULES CAPITAL COM 427096508 798,370 -24,883 -3.02 9,587 -4.46 0.0037
2016-02-09 2015-12-31 13F HERCULES TECH GROWTH CAP COM 427096508 823,253 26,384 3.31 10,035 24.57 0.0036
2016-02-08 2015-09-30 13F/A-1 HERCULES TECH GROWTH CAP COM 427096508 796,869 -1,719 -0.22 8,056 -12.66 0.0030
2015-11-09 2015-09-30 13F HERCULES TECH GROWTH CAP COM 427096508 796,869 8,056
2015-08-12 2015-06-30 13F HERCULES TECH GROWTH CAP COM 427096508 798,588 141,267 21.49 9,224 4.10 0.0032
2015-05-14 2015-03-31 13F HERCULES TECH GROWTH CAP COM 427096508 657,321 86,599 15.17 8,861 4.33 0.0033
2015-02-13 2014-12-31 13F HERCULES TECH GROWTH CAP COM 427096508 570,722 -78,644 -12.11 8,493 -9.54 0.0031
2014-12-16 2014-09-30 13F/A-1 HERCULES TECH GROWTH CAP COM 427096508 649,366 -399,188 -38.07 9,389 -36.36 0.0036
2014-11-14 2014-09-30 13F HERCULES TECH GROWTH CAP COM 427096508 649,366 9,389
2014-05-13 2014-03-31 13F HERCULES TECH GROWTH CAP COM 427096508 1,048,554 166,400 18.86 14,754 1.99 0.0062
2014-02-13 2013-12-31 13F HERCULES TECH GROWTH CAP COM 427096508 882,154 411,810 87.56 14,466 101.70 0.0062
2013-11-13 2013-09-30 13F HERCULES TECHNOLOGY GROWTH COM 427096508 470,344 -75,919 -13.90 7,172 -5.82 0.0034
2013-08-08 2013-06-30 13F HERCULES TECHNOLOGY GROWTH COM 427096508 546,263 546,263 7,615 0.0038
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.