HERCULES CAPITAL INC

Ticker: HTGC CUSIP: 427096508 Class: COM

CONFLUENCE INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001442056)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 289,789 Value ($000) $5,454 Avg Close $18.04 Range $16.63 - $19.13

Q3 2025

Shares 302,513 Value ($000) $5,721 Avg Close $19.17 Range $18.23 - $19.67

Q2 2025

Shares 383,778 Value ($000) $7,015 Avg Close $17.71 Range $15.65 - $19.37

Q1 2025

Shares 382,629 Value ($000) $7,350 Avg Close $20.19 Range $17.93 - $22.04

Q4 2024

Shares 382,163 Value ($000) $7,678 Avg Close $19.51 Range $18.51 - $20.42

Q3 2024

Shares 380,452 Value ($000) $7,472 Avg Close $19.70 Range $16.95 - $21.78

Q2 2024

Shares 379,548 Value ($000) $7,762 Avg Close $19.24 Range $17.84 - $20.57

Q1 2024

Shares 376,673 Value ($000) $6,950 Avg Close $17.75 Range $16.51 - $18.88

Q4 2023

Shares 387,424 Value ($000) $6,458 Avg Close $15.82 Range $15.02 - $17.09

Q3 2023

Shares 387,190 Value ($000) $6,358 Avg Close $16.37 Range $14.62 - $18.05

Q2 2023

Shares 387,041 Value ($000) $5,728 Avg Close $13.71 Range $12.06 - $15.23

Q1 2023

Shares 383,272 Value ($000) $4,940 Avg Close $13.98 Range $10.94 - $16.28

Q4 2022

Shares 402,192 Value ($000) $5 Avg Close $13.59 Range $11.16 - $15.22

Q3 2022

Shares 401,900 Value ($000) $4,654 Avg Close $14.27 Range $11.41 - $16.23

Q2 2022

Shares 404,170 Value ($000) $5,453 Avg Close $15.62 Range $12.62 - $19.09

Q1 2022

Shares 413,089 Value ($000) $7,464 Avg Close $17.56 Range $16.11 - $18.39

Q4 2021

Shares 412,970 Value ($000) $6,851 Avg Close $16.95 Range $15.91 - $18.20

Q3 2021

Shares 410,429 Value ($000) $6,817 Avg Close $17.00 Range $16.35 - $17.75

Q2 2021

Shares 408,710 Value ($000) $6,973 Avg Close $17.11 Range $15.96 - $17.72

Q1 2021

Shares 407,888 Value ($000) $6,538 Avg Close $15.51 Range $14.01 - $16.64

Q4 2020

Shares 451,989 Value ($000) $6,518 Avg Close $12.73 Range $10.83 - $14.51

Q3 2020

Shares 450,219 Value ($000) $5,209 Avg Close $11.12 Range $9.87 - $12.09

Q2 2020

Shares 449,974 Value ($000) $4,711 Avg Close $10.15 Range $6.31 - $11.98

Q1 2020

Shares 527,438 Value ($000) $4,030 Avg Close $13.06 Range $5.42 - $16.40

Q4 2019

Shares 782,087 Value ($000) $10,026 Avg Close $13.90 Range $12.81 - $14.53

Q3 2019

Shares 780,835 Value ($000) $10,439 Avg Close $13.05 Range $12.60 - $13.53

Q2 2019

Shares 782,087 Value ($000) $10,026 Avg Close $12.97 Range $12.54 - $13.85

Q1 2019

Shares 830,220 Value ($000) $10,511 Avg Close $12.74 Range $10.95 - $14.17

Q4 2018

Shares 826,780 Value ($000) $9,136 Avg Close $12.20 Range $10.57 - $13.30

Q3 2018

Shares 826,033 Value ($000) $10,870 Avg Close $13.34 Range $12.56 - $13.70

Q2 2018

Shares 825,654 Value ($000) $10,445 Avg Close $12.37 Range $11.95 - $13.03

Q1 2018

Shares 806,630 Value ($000) $9,761 Avg Close $12.54 Range $11.55 - $13.38

Q4 2017

Shares 806,620 Value ($000) $10,583 Avg Close $13.07 Range $12.29 - $13.97

Q3 2017

Shares 768,230 Value ($000) $9,910 Avg Close $12.83 Range $11.64 - $13.54

Q2 2017

Shares 615,874 Value ($000) $8,154 Avg Close $13.89 Range $12.29 - $15.68

Q1 2017

Shares 722,927 Value ($000) $10,938 Avg Close $14.66 Range $14.01 - $15.50

Q4 2016

Shares 727,777 Value ($000) $10,269 Avg Close $13.61 Range $12.50 - $14.34

Q3 2016

Shares 723,872 Value ($000) $9,816 Avg Close $13.33 Range $12.33 - $14.00

Q2 2016

Shares 693,914 Value ($000) $8,618 Avg Close $12.15 Range $11.55 - $12.47

Q1 2016

Shares 688,985 Value ($000) $8,275 Avg Close $11.11 Range $9.92 - $12.42

Q4 2015

Shares 688,754 Value ($000) $8,396 Avg Close $11.25 Range $10.08 - $12.64

Q3 2015

Shares 646,260 Value ($000) $6,534 Avg Close $11.34 Range $9.88 - $12.26

Q2 2015

Shares 628,249 Value ($000) $7,256 Avg Close $12.99 Range $11.40 - $14.22

Q1 2015

Shares 557,937 Value ($000) $7,521 Avg Close $14.66 Range $13.26 - $15.71

Q4 2014

Shares 557,072 Value ($000) $8,289 Avg Close $15.09 Range $13.14 - $16.20

Q3 2014

Shares 556,011 Value ($000) $8,040 Avg Close $15.83 Range $14.35 - $16.99

Q2 2014

Shares 554,460 Value ($000) $8,960 Avg Close $14.64 Range $12.95 - $16.31

Q1 2014

Shares 538,932 Value ($000) $7,583 Avg Close $15.67 Range $14.05 - $16.63

Q4 2013

Shares 545,945 Value ($000) $8,953 Avg Close $16.14 Range $14.78 - $17.25

Q3 2013

Shares 606,483 Value ($000) $9,249 Avg Close $14.50 Range $13.60 - $15.64

Q2 2013

Shares 651,864 Value ($000) $9,087 Avg Close $13.02 Range $11.57 - $14.25

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	289,789	$5,454	$18.04	$16.63 - $19.13
Q3 2025	302,513	$5,721	$19.17	$18.23 - $19.67
Q2 2025	383,778	$7,015	$17.71	$15.65 - $19.37
Q1 2025	382,629	$7,350	$20.19	$17.93 - $22.04
Q4 2024	382,163	$7,678	$19.51	$18.51 - $20.42
Q3 2024	380,452	$7,472	$19.70	$16.95 - $21.78
Q2 2024	379,548	$7,762	$19.24	$17.84 - $20.57
Q1 2024	376,673	$6,950	$17.75	$16.51 - $18.88
Q4 2023	387,424	$6,458	$15.82	$15.02 - $17.09
Q3 2023	387,190	$6,358	$16.37	$14.62 - $18.05
Q2 2023	387,041	$5,728	$13.71	$12.06 - $15.23
Q1 2023	383,272	$4,940	$13.98	$10.94 - $16.28
Q4 2022	402,192	$5	$13.59	$11.16 - $15.22
Q3 2022	401,900	$4,654	$14.27	$11.41 - $16.23
Q2 2022	404,170	$5,453	$15.62	$12.62 - $19.09
Q1 2022	413,089	$7,464	$17.56	$16.11 - $18.39
Q4 2021	412,970	$6,851	$16.95	$15.91 - $18.20
Q3 2021	410,429	$6,817	$17.00	$16.35 - $17.75
Q2 2021	408,710	$6,973	$17.11	$15.96 - $17.72
Q1 2021	407,888	$6,538	$15.51	$14.01 - $16.64
Q4 2020	451,989	$6,518	$12.73	$10.83 - $14.51
Q3 2020	450,219	$5,209	$11.12	$9.87 - $12.09
Q2 2020	449,974	$4,711	$10.15	$6.31 - $11.98
Q1 2020	527,438	$4,030	$13.06	$5.42 - $16.40
Q4 2019	782,087	$10,026	$13.90	$12.81 - $14.53
Q3 2019	780,835	$10,439	$13.05	$12.60 - $13.53
Q2 2019	782,087	$10,026	$12.97	$12.54 - $13.85
Q1 2019	830,220	$10,511	$12.74	$10.95 - $14.17
Q4 2018	826,780	$9,136	$12.20	$10.57 - $13.30
Q3 2018	826,033	$10,870	$13.34	$12.56 - $13.70
Q2 2018	825,654	$10,445	$12.37	$11.95 - $13.03
Q1 2018	806,630	$9,761	$12.54	$11.55 - $13.38
Q4 2017	806,620	$10,583	$13.07	$12.29 - $13.97
Q3 2017	768,230	$9,910	$12.83	$11.64 - $13.54
Q2 2017	615,874	$8,154	$13.89	$12.29 - $15.68
Q1 2017	722,927	$10,938	$14.66	$14.01 - $15.50
Q4 2016	727,777	$10,269	$13.61	$12.50 - $14.34
Q3 2016	723,872	$9,816	$13.33	$12.33 - $14.00
Q2 2016	693,914	$8,618	$12.15	$11.55 - $12.47
Q1 2016	688,985	$8,275	$11.11	$9.92 - $12.42
Q4 2015	688,754	$8,396	$11.25	$10.08 - $12.64
Q3 2015	646,260	$6,534	$11.34	$9.88 - $12.26
Q2 2015	628,249	$7,256	$12.99	$11.40 - $14.22
Q1 2015	557,937	$7,521	$14.66	$13.26 - $15.71
Q4 2014	557,072	$8,289	$15.09	$13.14 - $16.20
Q3 2014	556,011	$8,040	$15.83	$14.35 - $16.99
Q2 2014	554,460	$8,960	$14.64	$12.95 - $16.31
Q1 2014	538,932	$7,583	$15.67	$14.05 - $16.63
Q4 2013	545,945	$8,953	$16.14	$14.78 - $17.25
Q3 2013	606,483	$9,249	$14.50	$13.60 - $15.64
Q2 2013	651,864	$9,087	$13.02	$11.57 - $14.25