Associated Banc-Corp

Green Bay, WI · CIK 7789 · 13F filing filed 2025-05-09

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 -1.2% vs Q4 2024

320positions

31.4%in top 10

18 new 109 added 161 reduced 15 sold out vs Q4 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, Q1 2025

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	439,103	$164.8m5.03%	5.03%	Added +29.7k	+29,730 7.3%
2	APPLE INC COM AAPL	AAPL	629,323	$139.8m4.26%	4.26%	Reduced -6.9k	-6,949 -1.1%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	748,336	$115.7m3.53%	3.53%	Added +11.7k	+11,704 1.6%
4	NVIDIA CORPORATION COM NVDA	NVDA	978,101	$106.0m3.23%	3.23%	Added +7.3k	+7,313 0.8%
5	JPMORGAN CHASE & CO COM JPM	JPM	400,489	$98.2m3.00%	3.00%	Added +15.6k	+15,580 4.0%
6	AMAZON COM INC COM AMZN	AMZN	507,891	$96.6m2.95%	2.95%	Reduced -3.5k	-3,485 -0.7%
7	FISERV INC COM FISV	FISV	392,595	$86.7m2.64%	2.64%	Reduced -17.7k	-17,746 -4.3%
8	PHILIP MORRIS INTL INC COM PM	PM	543,970	$86.3m2.63%	2.63%	Added +13.5k	+13,463 2.5%
9	LAM RESEARCH CORP COM NEW LRCX	LRCX	963,390	$70.0m2.14%	2.14%	Added +130.9k	+130,920 15.7%
10	KIMBERLY-CLARK CORP COM KMB	KMB	452,675	$64.4m1.96%	1.96%	Reduced -4.8k	-4,848 -1.1%
11	EXXON MOBIL CORP COM XOM	XOM	523,473	$62.3m1.90%	1.90%	Added +17.7k	+17,674 3.5%
12	SERVICENOW INC COM NOW	NOW	73,051	$58.2m1.77%	1.77%	Reduced -8.8k	-8,754 -10.7%
13	ASSOCIATED BANC CORP COM ASB	ASB	2,523,619	$56.9m1.73%	1.73%	Reduced -5.9k	-5,900 -0.2%
14	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	90,397	$48.1m1.47%	1.47%	Reduced -866	-866 -0.9%
15	RTX CORPORATION COM RTX	RTX	344,795	$45.7m1.39%	1.39%	Added +909	+909 0.3%
16	ELI LILLY & CO COM LLY	LLY	54,497	$45.0m1.37%	1.37%	Added +3.1k	+3,094 6.0%
17	META PLATFORMS INC CL A META	META	76,217	$43.9m1.34%	1.34%	Reduced -1.5k	-1,523 -2.0%
18	VANGUARD INDEX FDS MID CAP ETF VO	VO	160,187	$41.4m1.26%	1.26%	Added +18.7k	+18,672 13.2%
19	PROCTER AND GAMBLE CO COM PG	PG	239,910	$40.9m1.25%	1.25%	Reduced -4.3k	-4,311 -1.8%
20	MONDELEZ INTL INC CL A MDLZ	MDLZ	589,291	$40.0m1.22%	1.22%	Reduced -4.6k	-4,632 -0.8%
21	DISCOVER FINL SVCS COM DFS	DFS	230,159	$39.3m1.20%	1.20%	Reduced -3.4k	-3,393 -1.4%
22	THE CIGNA GROUP COM CI	CI	116,441	$38.3m1.17%	1.17%	Reduced -1.6k	-1,647 -1.4%
23	BOSTON SCIENTIFIC CORP COM BSX	BSX	374,881	$37.8m1.15%	1.15%	Reduced -48.4k	-48,370 -11.4%
24	SCHWAB CHARLES CORP COM SCHW	SCHW	476,839	$37.3m1.14%	1.14%	Reduced -2.5k	-2,452 -0.5%
25	LOWES COS INC COM LOW	LOW	150,020	$35.0m1.07%	1.07%	Added +195	+195 0.1%
26	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	67,270	$34.6m1.05%	1.05%	Added +934	+934 1.4%
27	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	61,070	$34.2m1.04%	1.04%	Reduced -2.5k	-2,458 -3.9%
28	PAYCOM SOFTWARE INC COM PAYC	PAYC	151,932	$33.2m1.01%	1.01%	Added +7.5k	+7,455 5.2%
29	MASTERCARD INCORPORATED CL A MA	MA	58,972	$32.3m0.99%	0.99%	Reduced -364	-364 -0.6%
30	UBER TECHNOLOGIES INC COM UBER	UBER	442,013	$32.2m0.98%	0.98%	New
31	MCDONALDS CORP COM MCD	MCD	101,033	$31.6m0.96%	0.96%	Reduced -1.6k	-1,599 -1.6%
32	IQVIA HLDGS INC COM IQV	IQV	170,422	$30.0m0.92%	0.92%	Added +37.6k	+37,650 28.4%
33	UNITEDHEALTH GROUP INC COM UNH	UNH	56,263	$29.5m0.90%	0.90%	Reduced -583	-583 -1.0%
34	AIR PRODS & CHEMS INC COM APD	APD	98,277	$29.0m0.88%	0.88%	Reduced -2.2k	-2,217 -2.2%
35	BLACKROCK INC COM BLK	BLK	29,343	$27.8m0.85%	0.85%	Reduced -27	-27 -0.1%
36	CHEVRON CORP NEW COM CVX	CVX	160,692	$26.9m0.82%	0.82%	Added +3.1k	+3,134 2.0%
37	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	328,988	$25.8m0.79%	0.79%	Added +37.5k	+37,458 12.8%
38	EATON CORP PLC SHS ETN	ETN	94,707	$25.7m0.78%	0.78%	Reduced -10.7k	-10,667 -10.1%
39	JOHNSON & JOHNSON COM JNJ	JNJ	149,111	$24.7m0.75%	0.75%	Reduced -5.1k	-5,087 -3.3%
40	AMERIPRISE FINL INC COM AMP	AMP	48,219	$23.3m0.71%	0.71%	Reduced -250	-250 -0.5%
41	ALLSTATE CORP COM ALL	ALL	112,294	$23.3m0.71%	0.71%	Reduced -743	-743 -0.7%
42	PEPSICO INC COM PEP	PEP	151,351	$22.7m0.69%	0.69%	Reduced -5.9k	-5,855 -3.7%
43	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	45,277	$22.5m0.69%	0.69%	Reduced -597	-597 -1.3%
44	UNION PAC CORP COM UNP	UNP	89,503	$21.1m0.64%	0.64%	Reduced -2.3k	-2,340 -2.5%
45	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	56,771	$21.1m0.64%	0.64%	Added +177	+177 0.3%
46	NORTHROP GRUMMAN CORP COM NOC	NOC	40,518	$20.7m0.63%	0.63%	Reduced -28.4k	-28,426 -41.2%
47	XCEL ENERGY INC COM XEL	XEL	291,193	$20.6m0.63%	0.63%	Reduced -4.0k	-3,968 -1.3%
48	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	102,530	$19.9m0.61%	0.61%	Added +3.6k	+3,633 3.7%
49	COCA COLA CO COM KO	KO	271,785	$19.5m0.59%	0.59%	Reduced -22.2k	-22,194 -7.5%
50	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	92,432	$19.1m0.58%	0.58%	Reduced -3.4k	-3,374 -3.5%
51	CISCO SYS INC COM CSCO	CSCO	301,961	$18.6m0.57%	0.57%	Reduced -4.1k	-4,077 -1.3%
52	VANGUARD INDEX FDS SMALL CP ETF VB	VB	81,029	$18.0m0.55%	0.55%	Added +6.7k	+6,693 9.0%
53	CATERPILLAR INC COM CAT	CAT	52,441	$17.3m0.53%	0.53%	Reduced -1.4k	-1,441 -2.7%
54	ABBOTT LABS COM ABT	ABT	128,408	$17.0m0.52%	0.52%	Reduced -9.5k	-9,487 -6.9%
55	VANGUARD INDEX FDS VALUE ETF VTV	VTV	95,843	$16.6m0.50%	0.50%	Added +1.2k	+1,165 1.2%
56	ALPHABET INC CAP STK CL C GOOG	GOOG	105,638	$16.5m0.50%	0.50%	Reduced -1.8k	-1,795 -1.7%
57	MEDTRONIC PLC SHS MDT	MDT	180,182	$16.2m0.49%	0.49%	Added +9.2k	+9,244 5.4%
58	ISHARES TR CORE MSCI EAFE IEFA	IEFA	209,101	$15.8m0.48%	0.48%	Added +10.6k	+10,562 5.3%
59	CUMMINS INC COM CMI	CMI	49,448	$15.5m0.47%	0.47%	Reduced -261	-261 -0.5%
60	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	56,350	$15.5m0.47%	0.47%	Reduced -1.1k	-1,125 -2.0%
61	BANK AMERICA CORP COM BAC	BAC	370,183	$15.4m0.47%	0.47%	Added +3.2k	+3,169 0.9%
62	WASTE MGMT INC DEL COM WM	WM	63,539	$14.7m0.45%	0.45%	Reduced -3.6k	-3,632 -5.4%
63	SPDR SER TR S&P DIVID ETF SDY	SDY	107,959	$14.6m0.45%	0.45%	Reduced -583	-583 -0.5%
64	DANAHER CORPORATION COM DHR	DHR	69,636	$14.3m0.44%	0.44%	Reduced -598	-598 -0.8%
65	COMCAST CORP NEW CL A CMCSA	CMCSA	376,761	$13.9m0.42%	0.42%	Reduced -1.4k	-1,358 -0.4%
66	NEXTERA ENERGY INC COM NEE	NEE	192,917	$13.7m0.42%	0.42%	Reduced -1.3k	-1,343 -0.7%
67	ISHARES TR CORE S&P500 ETF IVV	IVV	23,965	$13.5m0.41%	0.41%	Added +299	+299 1.3%
68	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	221,822	$13.5m0.41%	0.41%	Added +23.7k	+23,729 12.0%
69	VANGUARD BD INDEX FDS INTERMED TERM BIV	BIV	172,364	$13.2m0.40%	0.40%	Added +77.4k	+77,411 81.5%
70	SYSCO CORP COM SYY	SYY	174,640	$13.1m0.40%	0.40%	Reduced -89.9k	-89,909 -34.0%
71	ISHARES INC CORE MSCI EMKT IEMG	IEMG	236,313	$12.8m0.39%	0.39%	Added +8.0k	+7,987 3.5%
72	PHILLIPS 66 COM PSX	PSX	102,343	$12.6m0.39%	0.39%	Reduced -4.1k	-4,081 -3.8%
73	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	170,387	$12.5m0.38%	0.38%	Added +24.2k	+24,157 16.5%
74	ISHARES TR S&P 500 VAL ETF IVE	IVE	64,648	$12.3m0.38%	0.38%	Added +161	+161 0.2%
75	WOODWARD INC COM WWD	WWD	62,074	$11.3m0.35%	0.35%	Reduced -600	-600 -1.0%
76	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	124,846	$11.3m0.34%	0.34%	Reduced -11.7k	-11,738 -8.6%
77	MERCK & CO INC COM MRK	MRK	119,812	$10.8m0.33%	0.33%	Reduced -24.9k	-24,902 -17.2%
78	ISHARES TR EAFE VALUE ETF EFV	EFV	180,360	$10.6m0.32%	0.32%	Reduced -2.2k	-2,178 -1.2%
79	WALMART INC COM WMT	WMT	119,471	$10.5m0.32%	0.32%	Reduced -13.6k	-13,618 -10.2%
80	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	76,780	$9.9m0.30%	0.30%	Reduced -3.7k	-3,748 -4.7%
81	ISHARES TR CORE S&P MCP ETF IJH	IJH	156,958	$9.2m0.28%	0.28%	Added +3.3k	+3,273 2.1%
82	HOME DEPOT INC COM HD	HD	24,920	$9.1m0.28%	0.28%	Reduced -217	-217 -0.9%
83	SOUTHERN CO COM SO	SO	97,976	$9.0m0.27%	0.27%	Reduced -53	-53 -0.1%
84	UNITED PARCEL SERVICE INC CL B UPS	UPS	79,845	$8.8m0.27%	0.27%	Added +6.7k	+6,675 9.1%
85	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	191,033	$8.8m0.27%	0.27%	Added +2.5k	+2,505 1.3%
86	STRYKER CORPORATION COM SYK	SYK	22,262	$8.3m0.25%	0.25%	Added +1.4k	+1,368 6.5%
87	STARBUCKS CORP COM SBUX	SBUX	83,752	$8.2m0.25%	0.25%	Reduced -789	-789 -0.9%
88	ISHARES TR S&P 500 GRWT ETF IVW	IVW	88,298	$8.2m0.25%	0.25%	Reduced -963	-963 -1.1%
89	ISHARES TR S&P MC 400GR ETF IJK	IJK	92,747	$7.7m0.24%	0.24%	Reduced -216	-216 -0.2%
90	AMGEN INC COM AMGN	AMGN	24,336	$7.6m0.23%	0.23%	Reduced -2.0k	-2,010 -7.6%
91	ZOETIS INC CL A ZTS	ZTS	45,819	$7.5m0.23%	0.23%	Reduced -1.4k	-1,401 -3.0%
92	ISHARES TR RUS 1000 VAL ETF IWD	IWD	39,855	$7.5m0.23%	0.23%	Reduced -185	-185 -0.5%
93	HONEYWELL INTL INC COM COM		34,738	$7.4m0.22%	0.22%	Reduced -5.2k	-5,174 -13.0%
94	ISHARES TR S&P MC 400VL ETF IJJ	IJJ	60,755	$7.3m0.22%	0.22%	Added +110	+110 0.2%
95	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	15,422	$7.2m0.22%	0.22%	Added +79	+79 0.5%
96	ABBVIE INC COM ABBV	ABBV	34,043	$7.1m0.22%	0.22%	Reduced -1.6k	-1,639 -4.6%
97	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	139,552	$7.1m0.22%	0.22%	Added +7.6k	+7,558 5.7%
98	SPDR GOLD TR GOLD SHS GLD	GLD	24,058	$6.9m0.21%	0.21%	Added +1.4k	+1,423 6.3%
99	US BANCORP DEL COM NEW USB	USB	161,854	$6.8m0.21%	0.21%	Reduced -5.5k	-5,494 -3.3%
100	ISHARES TR CORE S&P SCP ETF IJR	IJR	63,363	$6.6m0.20%	0.20%	Reduced -553	-553 -0.9%

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
SCHWAB STRATEGIC TR SCHP	SCHP	18,730	$483.8k18.7k shares
VANGUARD STAR FDS VXUS	VXUS	5,166	$304.4k5.2k shares
INVESCO EXCHANGE TRADED FD T XLG	XLG	5,616	$280.6k5.6k shares
DOLLAR GEN CORP NEW DG	DG	3,586	$271.9k3.6k shares
SANDY SPRING BANCORP INC SASR	SASR	7,941	$267.7k7.9k shares
GLOBANT S A GLOB	GLOB	1,112	$238.4k1.1k shares
FIFTH THIRD BANCORP FITB	FITB	5,508	$232.9k5.5k shares
SALESFORCE INC CRM	CRM	681	$227.7k681 shares
PNC FINL SVCS GROUP INC PNC	PNC	1,158	$223.3k1.2k shares
CARRIER GLOBAL CORPORATION CARR	CARR	3,160	$215.7k3.2k shares
BELLRING BRANDS INC BRBR	BRBR	2,836	$213.7k2.8k shares
NORFOLK SOUTHN CORP NSC	NSC	889	$208.6k889 shares
NOVO-NORDISK A S NVO	NVO	2,367	$203.6k2.4k shares
EDISON INTL EIX	EIX	2,506	$200.1k2.5k shares
EASTGATE BIOTECH CORP ETBI	ETBI	288,600	$1.3k288.6k shares