What is the 13F Pro Quality Score for HCXY?

13F Pro ranks Hercules Capital, Inc. (HCXY) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View HCXY's current score at https://13fpro.ai/research/HCXY (free sign-up required for the full ranking).

Which hedge funds own the most HCXY stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of HCXY include Sound Income Strategies,, UBS Group AG, TWO SIGMA INVESTMENTS,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/HCXY as soon as new 13F filings post.

Where does 13F Pro source HCXY data?

All Hercules Capital, Inc. fundamentals and ownership data come directly from SEC EDGAR. Hercules Capital, Inc. files with the SEC under CIK 1280784. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is HCXY in?

Hercules Capital, Inc. (HCXY) is classified in the Other sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/other.

How often is HCXY research updated on 13F Pro?

HCXY's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Hercules Capital, Inc.(HCXY)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

NYSE

Institutional-grade research for retail investors

SEC EDGAR: CIK 1280784 HCXY stock profile & AI dashboard →

13F Pro Quality Score

Not in ranked universe

Pending next ranking run

This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

HCXY Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Hercules Capital, Inc. (HCXY). HCXY is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Hercules Capital, Inc. reports net income of $42.5M, free cash flow of $-230.7M. Top institutional holders of HCXY by reported 13-F value include Sound Income Strategies,, UBS Group AG, TWO SIGMA INVESTMENTS,, based on the most recent SEC filings. HCXY trades on the NYSE exchange and files with the SEC under CIK 1280784. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HCXY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Hercules Capital, Inc. directly from SEC EDGAR.

Net Income

Q1 2026

$42.5M

Free Cash Flow

Q1 2026

$-230.7M

D/E Ratio

Q1 2026

1.14

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Net Income

+0.7% YoY

$339.7MFY 2025

FY20 $227.3MFY21 $174.2MFY23 $337.5MFY25 $339.7M

EPS (Diluted)

-19.9% YoY

$1.85FY 2025

FY20 $2.01FY21 $1.49FY23 $2.31FY25 $1.85

Total Assets

+34.2% YoY

$4.58BFY 2025

FY20 —FY21 $2.60BFY23 $3.42BFY25 $4.58B

Total Debt

+47.1% YoY

$2.29BFY 2025

FY20 —FY21 $1.24BFY23 $1.55BFY25 $2.29B

Op. Cash Flow

-723.6% YoY

$-425.8MFY 2025

FY20 $207.8MFY21 $128.6MFY23 $68.3MFY25 $-425.8M

Metric	FY 2025	FY 2023	FY 2021	FY 2020	FY 2019	FY 2018
Net Income	$339.7M +0.7%	$337.5M +93.8%	$174.2M -23.4%	$227.3M	—	—
EPS (Diluted)	$1.85 -19.9%	$2.31 +55.0%	$1.49 -25.9%	$2.01	—	—
Total Assets	$4.58B +34.2%	$3.42B +31.4%	$2.60B	—	—	—
Total Debt	$2.29B +47.1%	$1.55B +25.8%	$1.24B	—	—	—
Operating Cash Flow	$-425.8M -723.6%	$68.3M -46.9%	$128.6M -38.1%	$207.8M	—	—

AI Insight: HCXY Financial Trends

Net income volatility masks concerning cash flow deterioration, with operating cash flow negative in five of last six quarters while debt increased 45% since Q2 2024.

• Net income swung from $43M in Q2 2024 to $120M in Q3 2025, then back to $43M in Q1 2026.

• Total debt increased 45% from $1,747M in Q2 2024 to $2,539M in Q1 2026.

• Operating cash flow turned negative in five of last six quarters, including -$231M in Q1 2026.

⚠ Cash flow remains deeply negative despite positive net income, signaling potential asset quality issues.

⚠ Debt-to-equity ratio rising as borrowings outpace equity growth in recent quarters.

AI Insight: HCXY Ratio Trends

ROE collapsed from 16.4% in Q4 2025 to 7.6% in Q1 2026, marking the worst quarterly performance since Q2 2024.

• ROE peaked at 21.9% in Q3 2025 before declining sharply to 7.6% in Q1 2026.

• ROA fell from 7.9% in Q4 2025 to 3.5% in Q1 2026, the lowest level in the dataset.

• Debt-to-equity ratio increased from 0.89 in Q4 2024 to 1.14 in Q1 2026.

⚠ ROE volatility remains high with quarterly swings of 10+ percentage points becoming frequent.

⚠ Leverage trend shows gradual deterioration with D/E rising above 1.0x for the first time.

Get alerted when HCXY's score changes

Free account: watchlist tracking, the daily AI brief, and the AI screener.

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Available Research

13F Pro tracks comprehensive data for Hercules Capital, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of HCXY

Sound Income Strategies, LLC
$49.2M3,382,058 sh
UBS Group AG
$36.8M2,493,992 sh
TWO SIGMA INVESTMENTS, LP
$34.3M2,324,859 sh
Qube Research & Technologies Ltd
$33.0M2,235,750 sh
LPL Financial LLC
$26.5M1,795,677 sh
D. E. Shaw & Co., Inc.
$22.9M1,548,960 sh
Legal & General Group Plc
$22.1M1,498,653 sh
Muzinich & Co., Inc.
$19.9M1,350,125 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$19.7M1,336,600 sh
MORGAN STANLEY
$18.7M1,264,616 sh

Fund	Value	Shares
Sound Income Strategies, LLC	$49.2M	3,382,058
UBS Group AG	$36.8M	2,493,992
TWO SIGMA INVESTMENTS, LP	$34.3M	2,324,859
Qube Research & Technologies Ltd	$33.0M	2,235,750
LPL Financial LLC	$26.5M	1,795,677
D. E. Shaw & Co., Inc.	$22.9M	1,548,960
Legal & General Group Plc	$22.1M	1,498,653
Muzinich & Co., Inc.	$19.9M	1,350,125
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$19.7M	1,336,600
MORGAN STANLEY	$18.7M	1,264,616

More Other Companies

ACV

Virtus Diversified Income & Convertible Fund

ADX

ADAMS DIVERSIFIED EQUITY FUND, INC.

AEF

abrdn Emerging Markets ex-China Fund, Inc.

AFB

ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND

AFCG

Advanced Flower Capital Inc.

AGD

abrdn Global Dynamic Dividend Fund

AIO

Virtus Artificial Intelligence & Technology Opportunities Fund

AOD

abrdn Total Dynamic Dividend Fund

Put HCXY on your watchlist

Track score changes the day Hercules Capital, Inc. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.

View Pricing

Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Popular Research

AAPL

Apple

MSFT

Microsoft

NVDA

NVIDIA

GOOG

Alphabet

AMZN

Amazon

Is HCXY a good stock to buy?

13F Pro's AI-powered analysis of Hercules Capital, Inc. (HCXY) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HCXY are available on the HCXY stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own HCXY?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HCXY. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Hercules Capital, Inc.'s investment landscape.