ASSOCIATED BANC CORP ASB
COM · Common Stock · CUSIP 045487105
American regional banker
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersGreen Bay, WI
- Founded1861
- Websiteassociatedbank.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($266.8k this quarter). Holder counts are more reliable. Shares outstanding: 150.9m as of 2023-04-24, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $17.98. Options: 5 managers hold calls ($2.9m notional), 3 hold puts ($52.1k).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 282 |
| Q4 2022 | 307 |
| Q1 2023 | 279 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 152 | 125 |
| Q1 2023 | 123 | 151 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $3.2m | $8.0k | 0.00 |
| Q4 2022 | $4.0m | $9.2k | 0.00 |
| Q1 2023 | $2.9m | $52.1k | 0.02 |
Biggest buyers
| FMR LLC | Added | +18.1m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +631.9k |
| Brandywine Global Investment Management, LLC | Added | +529.1k |
| Schonfeld Strategic Advisors LLC | Added | +527.7k |
| Cubist Systematic Strategies, LLC | Added | +525.8k |
| Gillson Capital LP | Added | +431.8k |
| MORGAN STANLEY | Added | +398.2k |
| Allspring Global Investments Holdings, LLC | Added | +339.7k |
| STATE STREET CORP | Added | +319.7k |
| PRUDENTIAL FINANCIAL INC | Added | +300.6k |
Biggest sellers
| Balyasny Asset Management L.P. | Sold out | -1.6m |
| Palisade Asset Management, LLC | Reduced | -1.0m |
| BlackRock Inc. | Reduced | -891.3k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -559.3k |
| CITADEL ADVISORS LLC | Reduced | -534.8k |
| Invesco Ltd. | Reduced | -515.2k |
| Nuveen Asset Management, LLC | Reduced | -453.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -405.2k |
| Foundry Partners, LLC | Reduced | -298.2k |
| Walleye Capital LLC | Sold out | -242.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.2m121.1k shares |
| CITADEL ADVISORS LLC | Reduced | $427.9k23.8k shares |
| Walleye Trading LLC | Reduced | $185.2k10.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $71.0k4.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $50.3k2.8k shares |
| Walleye Trading LLC | Reduced | $1.8k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-10-27 | 11.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-28 | 6.6% |
| Lozier Dianne S. 13G · passive investor new · filed 2026-04-06 | 6.3% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution filed 2025-04-15 | 6.0% |
| STATE STREET CORP 13G · institution new · filed 2025-08-11 | 5.1% |
Kotouc Wende L
13D · may seek influence
new · filed 2026-04-06
Stated purposeThe Reporting Persons acquired the shares of Common Stock reported herein for investment purposes. In connection with the completion of the Merger, Wende L. Kotouc was appointed as a director of the Issuer. The Reporting Persons retain the right to change their investment intent, from time to time, to acquire additional shares of Common Stock or other securities of the Issuer, or to sell or otherwise dispose of all or part of the Common Stock or other securities of the Issuer, if any, beneficially owned by them, in each case in any manner permitted by law and the Shareholders' Agreement (defined below). Except as described above, none of the Reporting Persons currently has any other plans or proposals that would be related to or would result in any of the matters described in Items 4(a)-(j… Full filing |
5.1% |
Fell to 5% or below in the last year: VANGUARD CAPITAL MANAGEMENT LLC (4.8%, 2026-07-31; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), FMR LLC (1.2%, 2026-05-06), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 1 | $1.1m | 4 | $690.8k | — |
| Q1 2022 | 0 | — | 8 | $1.1m | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 1 | $19.9k | 1 | $81.4k | — |
| Q4 2022 | 0 | — | 3 | $859.1k | — |
| Q1 2023 | 1 | $99.8k | 3 | $281.1k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-09 | Harmening Andrew J President & CEO, director | Bought | $99.8k4.8k shares |
| 2023-02-15 | VAN LITH KAREN Director | Sold | $117.0k4.9k shares |
| 2023-02-08 | KAMERICK EILEEN A Director | Sold | $120.0k5.0k shares |
| 2023-02-07 | WILLIAMS JOHN B Director | Sold | $44.1k1.8k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.02% of their portfolio | 27.1m $487.7m | Added +18.1m |
| BlackRock Inc. 0.01% of their portfolio | 19.3m $346.8m | Reduced -891.3k |
| VANGUARD GROUP INC 0.01% of their portfolio | 15.6m $280.7m | Added +59.2k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 11.1m $198.7m | Added +210.1k |
| STATE STREET CORP 0.01% of their portfolio | 8.2m $148.1m | Added +319.7k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 3.1m $55.9m | Reduced -44.7k |
| PZENA INVESTMENT MANAGEMENT LLC 0.23% of their portfolio | 3.0m $53.5m | Reduced -132.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.9m $51.5m | Added +105.6k |
| Associated Banc-Corp 1.93% of their portfolio | 2.7m $47.9m | Added +85.0k |
| Allspring Global Investments Holdings, LLC 0.08% of their portfolio | 2.7m $47.9m | Added +339.7k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 2.6m $47.2m | Reduced -175.3k |
| LSV ASSET MANAGEMENT 0.10% of their portfolio | 2.5m $45.6m | Reduced -54.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.0m $36.5m | Added +36.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.0m $36.3m | Reduced -36.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.9m $33.6m | Reduced -22.9k |
| NORGES BANK 0.01% of their portfolio | 1.6m $29.5m | Added +65.6k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $23.0m | Added +398.2k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.2m $21.2m | Added +205.4k |
| Brandywine Global Investment Management, LLC 0.08% of their portfolio | 1.1m $19.9m | Added +529.1k |
| Invesco Ltd. 0.01% of their portfolio | 1.1m $19.1m | Reduced -515.2k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 1.1m $19.1m | Reduced -128.6k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 901.4k $16.2m | Reduced -559.3k |
| Gillson Capital LP 1.19% of their portfolio | 796.1k $14.3m | Added +431.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 772.6k $13.9m | Added +123.6k |
| Cubist Systematic Strategies, LLC 0.12% of their portfolio | 732.4k $13.2m | Added +525.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 703.3k $12.6m | Added +631.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 697.8k $12.5m | Added +147.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 657.2k $11.8m | Added +378 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 631.3k $11.3m | Reduced -12.2k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 626.5k $11.3m | Reduced -146.2k |
| Schonfeld Strategic Advisors LLC 0.10% of their portfolio | 554.9k $10.0m | Added +527.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 551.2k $9.9m | Reduced -14.1k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.06% of their portfolio | 536.8k $9.7m | Reduced -405.2k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 516.4k $9.3m | Added +300.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 491.5k $8.8m | Added +129.8k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.23% of their portfolio | 445.2k $8.0m | Reduced -20.6k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 436.0k $7.8m | Unchanged |
| ProShare Advisors LLC 0.02% of their portfolio | 431.4k $7.8m | Added +29.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 429.3k $7.7m | Reduced -453.8k |
| MAIRS & POWER INC 0.08% of their portfolio | 370.9k $6.7m | Added +306 |
| Legal & General Group Plc 0.00% of their portfolio | 369.9k $6.7m | Added +11.0k |
| Swiss National Bank 0.00% of their portfolio | 324.4k $5.8m | Reduced -38.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 318.4k $5.7m | Added +26.0k |
| South Dakota Investment Council 0.12% of their portfolio | 316.9k $5.7m | Added +30.2k |
| Interval Partners, LP 0.32% of their portfolio | 315.0k $5.7m | Added +71.4k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.04% of their portfolio | 302.5k $5.4m | Reduced -707 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 301.1k $5.4m | Reduced -683 |
| HEARTLAND ADVISORS INC 0.33% of their portfolio | 300.0k $5.4m | Unchanged |
| Legacy Private Trust Co. 0.45% of their portfolio | 294.2k $5.3m | Unchanged |
| HighTower Advisors, LLC 0.01% of their portfolio | 252.5k $4.5m | Unchanged |
| Brookfield Corp /ON/ 0.02% of their portfolio | 237.9k $4.3m | Added +23.3k |
| NBW CAPITAL LLC 0.99% of their portfolio | 227.0k $4.1m | Added +28.1k |
| Trexquant Investment LP 0.11% of their portfolio | 215.2k $3.9m | Added +116.8k |
| BARCLAYS PLC 0.00% of their portfolio | 212.9k $3.8m | Added +29.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 205.6k $3.7m | Added +183.7k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 200.3k $3.6m | Added +59.6k |
| Retirement Systems of Alabama 0.02% of their portfolio | 196.5k $3.5m | Reduced -1.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio | 191.8k $3.4m | Reduced -12.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 187.6k $3.4m | Reduced -2.7k |
| Beck Bode, LLC 0.83% of their portfolio | 187.3k $3.4m | Reduced -4.0k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 187.2k $3.4m | Added +7.4k |
| HENNESSY ADVISORS INC 0.24% of their portfolio | 184.7k $3.3m | Reduced -40.3k |
| Rafferty Asset Management, LLC 0.02% of their portfolio | 173.0k $3.1m | Added +102.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 170.7k $3.1m | Reduced -4.7k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 167.3k $3.0m | Reduced -2.5k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 159.8k $2.9m | Added +119.8k |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 151.3k $2.7m | Reduced -98.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 150.3k $2.7m | Added +27.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 149.7k $2.7m | Added +76.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 147.2k $2.6m | New |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 141.7k $2.5m | New |
| NICOLET ADVISORY SERVICES, LLC 0.29% of their portfolio | 140.6k $2.5m | Reduced -2.9k |
| Graham Capital Management, L.P. 0.09% of their portfolio | 139.1k $2.5m | Added +51.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 137.3k $2.5m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 134.8k $2.4m | New |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 133.4k $2.4m | Added +32.3k |
| BURNEY CO/ 0.11% of their portfolio | 128.3k $2.3m | Reduced -823 |
| ALGERT GLOBAL LLC 0.10% of their portfolio | 122.0k $2.2m | Reduced -439 |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 121.5k $2.2m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 121.4k $2.2m | Added +264 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 121.0k $2.2m | Reduced -2.5k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 120.9k $2.2m | Reduced -7.9k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 116.1k $2.1m | New |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.02% of their portfolio | 115.5k $2.1m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 110.1k $2.0m | Added +37.2k |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 109.2k $2.0m | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 109.0k $2.0m | Added +76 |
| Palisade Asset Management, LLC 0.22% of their portfolio | 102.1k $1.8m | Reduced -1.0m |
| Crescent Grove Advisors, LLC 0.21% of their portfolio | 98.9k $1.8m | Added +10.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 97.8k $1.8m | Added +680 |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 95.7k $1.7m | Unchanged |
| AMALGAMATED BANK 0.01% of their portfolio | 95.1k $1.7m | Reduced -6.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 93.7k $1.7m | Reduced -5.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 91.3k $1.6m | Unchanged |
| RIA Advisory Group LLC 0.74% of their portfolio | 89.8k $1.6m | New |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.16% of their portfolio | 88.9k $1.6m | Added +700 |
| SG Americas Securities, LLC 0.02% of their portfolio | 80.0k $1.4m | Added +48.0k |
| Alberta Investment Management Corp 0.01% of their portfolio | 78.9k $1.4m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 78.4k $1.4m | Reduced -32.6k |
| US BANCORP \DE\ 0.00% of their portfolio | 76.7k $1.4m | Reduced -5.5k |