HTGC

Hercules Capital, Inc.

stock all instruments

+0.0

net board stance what this means

16.16

-1.3% · close 2026-11-06

-1% / -4% / +2%

1m / 3m / 12m

-23%

vs SPY since 2025-08-01

66%

of 52w range · -9.0% off high

0/1

hit rate as primary · vs SPY -130

Where All-In Alpha stands — 0 live ideas

No active idea holds this ticker. Anything below is history.

Where the winds are blowing

NET BOARD STANCE, LAST 60 EPISODES — rising = the besties are building this position, falling = abandoning it. From the conviction ledger; an idea counts from birth until its window closes. Dots mark episodes where this ticker's ideas were actually mentioned; a dashed stretch is silence. Last mention E120 · silent for 169 episodes.

PRICE VS SPY OVER THE SAME WINDOW, % — did the talk lead the tape or follow it?

Who's pushing which way

each voice's net push ON THIS TICKER — their most recent stance per idea × that idea's direction ON THIS TICKER × strength, so supporting a bearish idea pushes down, unless this ticker is listed as the other side of it. Not conviction (that lives on the idea); this is direction of travel per person. what w= means

Friedberg 43% equities

1 idea (0 live) · last heard E119

pushes up

Jason 49% equities

1 idea (0 live) · last heard E119

-2

pushes down

Sacks 44% equities

1 idea (0 live) · last heard E120

-2

pushes down

Track record on HTGC

As a PRIMARY play the besties are 0 hit / 0 partial / 1 miss over 1 closed window — credit 0.0, average vs SPY -129.5. Adjacent plays are listed but never scored.

idea	call	play	result	return	vs SPY	scored
📈 Venture debt's loss models break - deferred defaults land on the lenders	▼ SHORT	primary	WRONG	-78.5%	-129.5	2025-02-04

The tape — what was actually said

every capture on any idea holding HTGC, newest first · quotes verbatim, timestamps deep-link into the episode

Sacks support ×2 ▼ on 📈 Venture debt's loss models break - deferred defaults land on the lenders E120 · 2023-03-17 ▶ 26:08

Moreover, I always try to talk founders out of taking venture debt, whether from SVB or elsewhere.

Sacks support ×3 ▼ on 📈 Venture debt's loss models break - deferred defaults land on the lenders E119 · 2023-03-11 ▶ 1:14:16

So after the conversation we had on the show about venture debt, I'm like, I don't really like that SVB is in this business. So I told my guys, set up an account somewhere else.

Jason support ×2 ▼ on 📈 Venture debt's loss models break - deferred defaults land on the lenders E119 · 2023-03-11 ▶ 31:06

And this is exactly what happened in 2008, when people started giving those no recourse or no background check mortgages. Remember those? Where like you didn't have to do a background check to get a mortgage? That's what happened in venture. They just gave these, I saw it firsthand, willy-nilly.

Friedberg oppose ×3 ▼ on 📈 Venture debt's loss models break - deferred defaults land on the lenders E119 · 2023-03-11 ▶ 25:06

I get it, but the asset as an asset class, we can make fun of it all we want. It's actually performed pretty well. These guys have generated typically 18% as an industry kind of returns.

Sacks support ×3 ▼ on 📈 Venture debt's loss models break - deferred defaults land on the lenders E114 · 2023-02-04 ▶ 55:54

So look, I just wonder what I don't trust is whether the return models on venture debt that were created over the last five to 10 years will be a good predictor of what the returns will be in the next five to 10 years when a lot of the mortality that should have happened in the past now happens in the future.

Jason support ×2 ▼ on 📈 Venture debt's loss models break - deferred defaults land on the lenders E114 · 2023-02-04 ▶ 51:50

On top of all this inefficiency is a dependence on venture debt. I don't know if you're seeing this, Sacks, but the amount of focus on adding debt to unprofitable companies over the last five years has been just extraordinary.