Associated Banc-Corp

Green Bay, WI · CIK 7789 · 13F filing filed 2025-02-10

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityASSOCIATED BANC-CORP (US)

$3.3bn reported value -2.4% vs Q3 2024

317positions

33.2%in top 10

11 new 70 added 187 reduced 22 sold out vs Q3 2024

This report includes the holdings of 1 other manager that shares the investment decisions:

Associated Trust Company, N.A. – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q4 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	409,373	$172.6m5.20%	5.20%	Reduced -13.9k	-13,885 -3.3%
2	APPLE INC COM AAPL	AAPL	636,272	$159.3m4.80%	4.80%	Reduced -25.4k	-25,411 -3.8%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	736,632	$139.4m4.20%	4.20%	Reduced -23.5k	-23,492 -3.1%
4	NVIDIA CORPORATION COM NVDA	NVDA	970,788	$130.4m3.93%	3.93%	Reduced -48.8k	-48,750 -4.8%
5	AMAZON COM INC COM AMZN	AMZN	511,376	$112.2m3.38%	3.38%	Reduced -14.0k	-14,004 -2.7%
6	JPMORGAN CHASE & CO COM JPM	JPM	384,909	$92.3m2.78%	2.78%	Reduced -11.0k	-10,977 -2.8%
7	SERVICENOW INC COM NOW	NOW	81,805	$86.7m2.61%	2.61%	Reduced -2.0k	-1,990 -2.4%
8	FISERV INC COM FISV	FISV	410,341	$84.3m2.54%	2.54%	Reduced -36.7k	-36,739 -8.2%
9	PHILIP MORRIS INTL INC COM PM	PM	530,507	$63.8m1.92%	1.92%	Reduced -6.8k	-6,828 -1.3%
10	ASSOCIATED BANC CORP COM ASB	ASB	2,529,519	$60.5m1.82%	1.82%	Reduced -166.7k	-166,747 -6.2%
11	LAM RESEARCH CORP COM NEW LRCX	LRCX	832,470	$60.1m1.81%	1.81%	New
12	KIMBERLY-CLARK CORP COM KMB	KMB	457,523	$60.0m1.81%	1.81%	Reduced -37.7k	-37,656 -7.6%
13	EXXON MOBIL CORP COM XOM	XOM	505,799	$54.4m1.64%	1.64%	Reduced -23.0k	-22,960 -4.3%
14	META PLATFORMS INC CL A META	META	77,740	$45.5m1.37%	1.37%	Reduced -2.1k	-2,083 -2.6%
15	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	91,263	$41.4m1.25%	1.25%	Reduced -3.3k	-3,320 -3.5%
16	PROCTER AND GAMBLE CO COM PG	PG	244,221	$40.9m1.23%	1.23%	Reduced -5.7k	-5,677 -2.3%
17	DISCOVER FINL SVCS COM DFS	DFS	233,552	$40.5m1.22%	1.22%	Reduced -8.5k	-8,487 -3.5%
18	RTX CORPORATION COM RTX	RTX	343,886	$39.8m1.20%	1.20%	Reduced -9.9k	-9,905 -2.8%
19	ELI LILLY & CO COM LLY	LLY	51,403	$39.7m1.20%	1.20%	Added +25.1k	+25,104 95.5%
20	BOSTON SCIENTIFIC CORP COM BSX	BSX	423,251	$37.8m1.14%	1.14%	Added +537	+537 0.1%
21	VANGUARD INDEX FDS MID CAP ETF VO	VO	141,515	$37.4m1.13%	1.13%	Added +10.5k	+10,479 8.0%
22	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	63,528	$37.2m1.12%	1.12%	Reduced -990	-990 -1.5%
23	LOWES COS INC COM LOW	LOW	149,825	$37.0m1.11%	1.11%	Reduced -1.8k	-1,801 -1.2%
24	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	66,336	$35.7m1.08%	1.08%	Added +3.4k	+3,399 5.4%
25	MONDELEZ INTL INC CL A MDLZ	MDLZ	593,923	$35.5m1.07%	1.07%	Reduced -18.9k	-18,892 -3.1%
26	SCHWAB CHARLES CORP COM SCHW	SCHW	479,291	$35.5m1.07%	1.07%	Reduced -7.9k	-7,870 -1.6%
27	EATON CORP PLC SHS ETN	ETN	105,374	$35.0m1.05%	1.05%	Reduced -8.0k	-7,987 -7.0%
28	THE CIGNA GROUP COM CI	CI	118,088	$32.6m0.98%	0.98%	Reduced -4.8k	-4,776 -3.9%
29	NORTHROP GRUMMAN CORP COM NOC	NOC	68,944	$32.4m0.97%	0.97%	Reduced -2.1k	-2,069 -2.9%
30	MASTERCARD INCORPORATED CL A MA	MA	59,336	$31.2m0.94%	0.94%	Reduced -2.0k	-1,979 -3.2%
31	BLACKROCK INC COM BLK	BLK	29,370	$30.1m0.91%	0.91%	New
32	MCDONALDS CORP COM MCD	MCD	102,632	$29.8m0.90%	0.90%	Reduced -3.9k	-3,867 -3.6%
33	PAYCOM SOFTWARE INC COM PAYC	PAYC	144,477	$29.6m0.89%	0.89%	Reduced -1.5k	-1,543 -1.1%
34	AIR PRODS & CHEMS INC COM APD	APD	100,494	$29.1m0.88%	0.88%	Reduced -4.8k	-4,782 -4.5%
35	UNITEDHEALTH GROUP INC COM UNH	UNH	56,846	$28.8m0.87%	0.87%	Reduced -2.6k	-2,632 -4.4%
36	IQVIA HLDGS INC COM IQV	IQV	132,772	$26.1m0.79%	0.79%	Added +3.5k	+3,495 2.7%
37	AMERIPRISE FINL INC COM AMP	AMP	48,469	$25.8m0.78%	0.78%	Reduced -1.5k	-1,457 -2.9%
38	PEPSICO INC COM PEP	PEP	157,206	$23.9m0.72%	0.72%	Reduced -5.3k	-5,278 -3.2%
39	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	45,874	$23.9m0.72%	0.72%	Reduced -23.1k	-23,111 -33.5%
40	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	56,594	$23.2m0.70%	0.70%	Added +1.3k	+1,332 2.4%
41	CHEVRON CORP NEW COM CVX	CVX	157,558	$22.8m0.69%	0.69%	Reduced -3.9k	-3,934 -2.4%
42	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	291,530	$22.5m0.68%	0.68%	Added +2.4k	+2,427 0.8%
43	JOHNSON & JOHNSON COM JNJ	JNJ	154,198	$22.3m0.67%	0.67%	Reduced -8.7k	-8,676 -5.3%
44	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	95,806	$22.3m0.67%	0.67%	Reduced -3.6k	-3,596 -3.6%
45	ALLSTATE CORP COM ALL	ALL	113,037	$21.8m0.66%	0.66%	Reduced -2.7k	-2,679 -2.3%
46	UNION PAC CORP COM UNP	UNP	91,843	$20.9m0.63%	0.63%	Reduced -3.5k	-3,528 -3.7%
47	ALPHABET INC CAP STK CL C GOOG	GOOG	107,433	$20.5m0.62%	0.62%	Reduced -2.0k	-1,978 -1.8%
48	SYSCO CORP COM SYY	SYY	264,549	$20.2m0.61%	0.61%	Reduced -16.5k	-16,473 -5.9%
49	XCEL ENERGY INC COM XEL	XEL	295,161	$19.9m0.60%	0.60%	Reduced -13.8k	-13,782 -4.5%
50	CATERPILLAR INC COM CAT	CAT	53,882	$19.5m0.59%	0.59%	Reduced -3.8k	-3,845 -6.7%
51	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	98,897	$19.4m0.58%	0.58%	Added +9.3k	+9,339 10.4%
52	COCA COLA CO COM KO	KO	293,979	$18.3m0.55%	0.55%	Reduced -9.2k	-9,176 -3.0%
53	CISCO SYS INC COM CSCO	CSCO	306,038	$18.1m0.55%	0.55%	Reduced -6.5k	-6,540 -2.1%
54	VANGUARD INDEX FDS SMALL CP ETF VB	VB	74,336	$17.9m0.54%	0.54%	Added +7.2k	+7,215 10.8%
55	CUMMINS INC COM CMI	CMI	49,709	$17.3m0.52%	0.52%	Reduced -1.3k	-1,317 -2.6%
56	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	57,475	$16.7m0.50%	0.50%	Added +5.3k	+5,331 10.2%
57	BANK AMERICA CORP COM BAC	BAC	367,014	$16.1m0.49%	0.49%	Reduced -13.4k	-13,406 -3.5%
58	DANAHER CORPORATION COM DHR	DHR	70,234	$16.1m0.49%	0.49%	Reduced -1.9k	-1,850 -2.6%
59	VANGUARD INDEX FDS VALUE ETF VTV	VTV	94,678	$16.0m0.48%	0.48%	Reduced -933	-933 -1.0%
60	ABBOTT LABS COM ABT	ABT	137,895	$15.6m0.47%	0.47%	Reduced -5.4k	-5,374 -3.8%
61	MERCK & CO INC COM MRK	MRK	144,714	$14.4m0.43%	0.43%	Reduced -9.8k	-9,750 -6.3%
62	SPDR SER TR S&P DIVID ETF SDY	SDY	108,542	$14.3m0.43%	0.43%	Reduced -452	-452 -0.4%
63	COMCAST CORP NEW CL A CMCSA	CMCSA	378,119	$14.2m0.43%	0.43%	Reduced -24.6k	-24,623 -6.1%
64	ISHARES TR CORE MSCI EAFE IEFA	IEFA	198,539	$14.0m0.42%	0.42%	Added +3.6k	+3,563 1.8%
65	ISHARES TR CORE S&P500 ETF IVV	IVV	23,666	$13.9m0.42%	0.42%	Reduced -491	-491 -2.0%
66	NEXTERA ENERGY INC COM NEE	NEE	194,260	$13.9m0.42%	0.42%	Reduced -4.4k	-4,392 -2.2%
67	MEDTRONIC PLC SHS MDT	MDT	170,938	$13.7m0.41%	0.41%	Reduced -840	-840 -0.5%
68	WASTE MGMT INC DEL COM WM	WM	67,171	$13.6m0.41%	0.41%	Reduced -583	-583 -0.9%
69	ISHARES TR S&P 500 VAL ETF IVE	IVE	64,487	$12.3m0.37%	0.37%	Added +3.3k	+3,274 5.3%
70	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	136,584	$12.2m0.37%	0.37%	Reduced -6.2k	-6,178 -4.3%
71	PHILLIPS 66 COM PSX	PSX	106,424	$12.1m0.37%	0.37%	Reduced -3.6k	-3,552 -3.2%
72	WALMART INC COM WMT	WMT	133,089	$12.0m0.36%	0.36%	Reduced -2.3k	-2,333 -1.7%
73	ISHARES INC CORE MSCI EMKT IEMG	IEMG	228,326	$11.9m0.36%	0.36%	Added +1.4k	+1,379 0.6%
74	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	198,093	$11.4m0.34%	0.34%	Added +11.7k	+11,650 6.2%
75	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	146,230	$10.5m0.32%	0.32%	Added +17.6k	+17,585 13.7%
76	WOODWARD INC COM WWD	WWD	62,674	$10.4m0.31%	0.31%	Reduced -3.8k	-3,836 -5.8%
77	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	80,528	$10.3m0.31%	0.31%	Reduced -2.5k	-2,465 -3.0%
78	HOME DEPOT INC COM HD	HD	25,137	$9.8m0.29%	0.29%	Reduced -427	-427 -1.7%
79	ISHARES TR EAFE VALUE ETF EFV	EFV	182,538	$9.6m0.29%	0.29%	Added +1.1k	+1,142 0.6%
80	ISHARES TR CORE S&P MCP ETF IJH	IJH	153,685	$9.6m0.29%	0.29%	Added +760	+760 0.5%
81	WOODSIDE ENERGY GROUP LTD SPONSORED ADR WDS	WDS	595,150	$9.3m0.28%	0.28%	Reduced -247.3k	-247,340 -29.4%
82	UNITED PARCEL SERVICE INC CL B UPS	UPS	73,170	$9.2m0.28%	0.28%	Added +8.2k	+8,209 12.6%
83	ISHARES TR S&P 500 GRWT ETF IVW	IVW	89,261	$9.1m0.27%	0.27%	Added +4.1k	+4,109 4.8%
84	HONEYWELL INTL INC COM COM		39,912	$9.0m0.27%	0.27%	Reduced -7.9k	-7,865 -16.5%
85	HEALTHPEAK PROPERTIES INC COM DOC	DOC	426,354	$8.6m0.26%	0.26%	Reduced -35.3k	-35,330 -7.7%
86	ISHARES TR S&P MC 400GR ETF IJK	IJK	92,963	$8.5m0.25%	0.25%	Added +426	+426 0.5%
87	SOUTHERN CO COM SO	SO	98,029	$8.1m0.24%	0.24%	Reduced -591	-591 -0.6%
88	US BANCORP DEL COM NEW USB	USB	167,348	$8.0m0.24%	0.24%	Reduced -2.1k	-2,143 -1.3%
89	DISNEY WALT CO COM DIS	DIS	71,665	$8.0m0.24%	0.24%	Reduced -8.8k	-8,794 -10.9%
90	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	15,343	$7.8m0.24%	0.24%	Added +923	+923 6.4%
91	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	136,477	$7.7m0.23%	0.23%	Reduced -12.3k	-12,307 -8.3%
92	STARBUCKS CORP COM SBUX	SBUX	84,541	$7.7m0.23%	0.23%	Reduced -4.4k	-4,399 -5.0%
93	ZOETIS INC CL A ZTS	ZTS	47,220	$7.7m0.23%	0.23%	Reduced -2.0k	-2,042 -4.2%
94	ISHARES TR S&P MC 400VL ETF IJJ	IJJ	60,645	$7.6m0.23%	0.23%	Added +32	+32 0.1%
95	STRYKER CORPORATION COM SYK	SYK	20,894	$7.5m0.23%	0.23%	Added +290	+290 1.4%
96	ISHARES TR RUS 1000 VAL ETF IWD	IWD	40,040	$7.4m0.22%	0.22%	Added +150	+150 0.4%
97	ISHARES TR CORE S&P SCP ETF IJR	IJR	63,916	$7.4m0.22%	0.22%	Reduced -1.6k	-1,606 -2.5%
98	VANGUARD BD INDEX FDS INTERMED TERM BIV	BIV	94,953	$7.1m0.21%	0.21%	Added +1.9k	+1,869 2.0%
99	AMGEN INC COM AMGN	AMGN	26,346	$6.9m0.21%	0.21%	Reduced -416	-416 -1.6%
100	COLGATE PALMOLIVE CO COM CL	CL	72,718	$6.6m0.20%	0.20%	Reduced -3.6k	-3,626 -4.8%

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
LAM RESEARCH CORP		848,790	$69.3m848.8k shares
BLACKROCK INC BLK	BLK	30,212	$28.7m30.2k shares
ISHARES TR IBDP	IBDP	100,609	$2.5m100.6k shares
ISHARES TR IBTE	IBTE	72,385	$1.7m72.4k shares
IRON MTN INC DEL IRM	IRM	8,863	$1.1m8.9k shares
GE HEALTHCARE TECHNOLOGIES I GEHC	GEHC	3,765	$353.3k3.8k shares
AVANOS MED INC AVNS	AVNS	12,718	$305.6k12.7k shares
CLEARWATER ANALYTICS HLDGS I		11,204	$282.9k11.2k shares
GUIDEWIRE SOFTWARE INC GWRE	GWRE	1,495	$273.5k1.5k shares
COHEN & STEERS INC CNS	CNS	2,528	$242.6k2.5k shares
MARSH & MCLENNAN COS INC MRSH	MRSH	1,042	$232.5k1.0k shares
ISHARES TR AGG	AGG	2,256	$228.5k2.3k shares
PROGRESSIVE CORP PGR	PGR	879	$223.1k879 shares
HUNTINGTON INGALLS INDS INC HII	HII	835	$220.8k835 shares
VALERO ENERGY CORP VLO	VLO	1,585	$214.0k1.6k shares
HAMILTON LANE INC HLNE	HLNE	1,261	$212.3k1.3k shares
NOVANTA INC NOVT	NOVT	1,168	$209.0k1.2k shares
NATIONAL STORAGE AFFILIATES NSA	NSA	4,333	$208.8k4.3k shares
ADVANCED MICRO DEVICES INC AMD	AMD	1,265	$207.6k1.3k shares
LINDE PLC LIN	LIN	424	$202.2k424 shares
ISHARES TR QUAL	QUAL	1,127	$202.1k1.1k shares
SHERWIN WILLIAMS CO SHW	SHW	526	$200.8k526 shares