Hercules Capital Inc bonds HCXY
Who owns Hercules Capital Inc's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. HCXY stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 427096AH5 | 2.625% fixed | 2026-09-16 | USD | 99.65 | 5.36% | 153 bp | 7 | $11.9M | Jul 2026 |
| 427096AJ1 | 3.38% fixed | 2027-01-20 | USD | 99.18 | 5.16% | 125 bp | 6 | $23.1M | Jul 2026 |
| 427096AL6 convertible | 4.75% fixed | 2028-09-01 | USD | 98.42 | — | — | 8 | $11.2M | Jul 2026 |
| 427096AN2 | 6% fixed | 2030-06-16 | USD | 99.04 | 6.28% | 189 bp | 12 | $9.0M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over the month-end Treasury curve. Each month is compared with the month before on the same bonds, because the funds that file rotate from month to month. Fund-reported.
Price history
Fund-marked price of the US-dollar bonds, same bonds month to month, latest month = 100 (the plain median per 100 of face when too few bonds pair up).
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 3 | $6.4M | 99.39 | 6.22% | 178 bp | 5 |
| Jul 2026 | 4 | $55.2M | 99.11 | 6.28% | 189 bp | 12 |
| Jun 2026 | 4 | $109.1M | 99.23 | 6.05% | 188 bp | 20 |
| May 2026 | 4 | $32.0M | 99.12 | 6.00% | 191 bp | 9 |
| Apr 2026 | 4 | $51.9M | 98.77 | 6.15% | 218 bp | 10 |
| Mar 2026 | 4 | $115.9M | 98.13 | 6.51% | 263 bp | 20 |
| Feb 2026 | 4 | $42.9M | 98.72 | 6.10% | 264 bp | 9 |
| Jan 2026 | 4 | $32.2M | 99.73 | 5.69% | 196 bp | 14 |
| Dec 2025 | 4 | $132.7M | 99.39 | 5.21% | 163 bp | 23 |
| Nov 2025 | 4 | $47.6M | 98.63 | 5.30% | 172 bp | 13 |
| Oct 2025 | 4 | $29.3M | 98.39 | 5.35% | 167 bp | 13 |
| Sep 2025 | 4 | $135.0M | 98.80 | 5.18% | 150 bp | 26 |
| Aug 2025 | 4 | $53.3M | 98.78 | 5.14% | 140 bp | 13 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 12 added, 6 cut, 3 new holders and 5 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $25.9M | $25.7M | $0 |
| Thornburg Limited Term Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $21.6M | $21.4M | $0 |
| BBH Limited Duration Fund BBH Trust | 2026-07-31 | $18.4M | $18.3M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $14.1M | $14.1M | -$1.5M |
| Loomis Sayles Core Plus Bond Fund Natixis Funds Trust I | 2026-06-30 | $11.6M | $11.6M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $9.6M | $9.6M | $0 |
| Columbia Flexible Capital Income Fund Columbia Funds Series Trust II | 2026-05-31 | $6.4M | $6.2M | $0 |
| Victory Short-Term Bond Fund Victory Portfolios III | 2026-07-31 | $6.2M | $6.1M | $0 |
| VictoryShares Short-Term Bond ETF Victory Portfolios II | 2026-06-30 | $5.7M | $5.7M | $150K |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $5.6M | $5.5M | $800K |
| TRI-CONTINENTAL Corp | 2026-06-30 | $5.1M | $5.0M | $0 |
| MML Barings Core Bond Fund MASSMUTUAL PREMIER FUNDS | 2026-06-30 | $4.3M | $4.2M | $0 |
| iShares iBonds Dec 2026 Term Corporate ETF iShares Trust | 2026-07-31 | $4.1M | $4.1M | $1.8M |
| Thornburg Investment Income Builder Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $4.1M | $4.1M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $4.0M | $4.0M | $50K |
| Multi-Manager Total Return Bond Strategies Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $3.7M | $3.6M | $0 |
| Harbor Core Plus Fund HARBOR FUNDS | 2026-07-31 | $3.7M | $3.6M | $0 |
| MML VIP Barings Core Bond Fund MML Series Investment Fund II | 2026-06-30 | $3.6M | $3.6M | $0 |
| Putnam Convertible Securities Fund | 2026-07-31 | $3.4M | $3.4M | $0 |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $2.5M | $2.5M | -$89K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $2.4M | $2.4M | $35K |
| iShares iBonds Dec 2030 Term Corporate ETF iShares Trust | 2026-07-31 | $2.2M | $2.2M | $120K |
| Knights of Columbus Core Bond Fund ADVISORS' INNER CIRCLE III | 2026-07-31 | $1.9M | $1.8M | $0 |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $1.8M | $1.8M | $0 |
| Weitz Short Durations Income Fund Weitz Funds | 2026-06-30 | $1.5M | $1.5M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Columbia Convertible Securities Fund ($10.0M), VANGUARD TOTAL BOND MARKET II INDEX FUND ($8.2M), North Star Bond Fund ($1.0M), State Street(R) SPDR(R) Portfolio Aggregate Bond ETF ($300K), Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF ($11K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $14.1M | $14.1M | 0.03% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 1 | $9.6M | $9.6M | 0.00% |
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 2 | $5.7M | $5.7M | 0.26% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $5.6M | $5.5M | 0.08% |
| IBDR iShares iBonds Dec 2026 Term Corporate ETF | 2026-07-31 | 1 | $4.1M | $4.1M | 0.12% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $4.0M | $4.0M | 0.01% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 1 | $2.5M | $2.5M | 0.06% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-08-31 | 1 | $2.5M | $2.5M | 0.01% |
| IBDV iShares iBonds Dec 2030 Term Corporate ETF | 2026-07-31 | 1 | $2.2M | $2.2M | 0.07% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 1 | $1.3M | $1.3M | 0.01% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-08-31 | 1 | $900K | $894K | 0.00% |
| MYCF State Street(R) My2026 Corporate Bond ETF | 2026-05-31 | 1 | $750K | $745K | 1.61% |
| IBHF iShares iBonds 2026 Term High Yield and Income ETF | 2026-07-31 | 1 | $724K | $721K | 0.09% |
| TAXX BondBloxx IR+M Tax-Aware Short Duration ETF | 2026-07-31 | 2 | $683K | $680K | 0.24% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-08-31 | 1 | $490K | $486K | 0.00% |
Default risk, three ways
Stock market: risk of going bust
Not computed: financial company (lending and leverage are its business, which the model misreads).
Bond market: priced-in odds
A 189 bp spread prices in about 3.2% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in HCXY's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 96 | $180.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 327 | $803.0M | 10 | $34.2M | 9 | $18.1M | 1 |
| 2026-03-31 | 341 | $686.1M | 12 | $42.7M | 9 | $17.6M | 0 |
| 2025-12-31 | 347 | $858.7M | 10 | $19.1M | 8 | $32.2M | 0 |
| 2025-09-30 | 342 | $804.1M | 9 | $14.3M | 8 | $11.8M | 0 |
| 2025-06-30 | 320 | $764.1M | 9 | $13.2M | 8 | $9.3M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.