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 ($279.1k this quarter). Holder counts are more reliable. Shares outstanding: 151.1m as of 2024-01-31, 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 ≈ $21.39. Options: 6 managers hold calls ($3.3m notional), 4 hold puts ($146.8k).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 282 |
| Q4 2022 | 307 |
| Q1 2023 | 279 |
| Q2 2023 | 265 |
| Q3 2023 | 273 |
| Q4 2023 | 276 |
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 |
| Q2 2023 | 100 | 157 |
| Q3 2023 | 125 | 119 |
| Q4 2023 | 114 | 123 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $2.9m | $52.1k | 0.02 |
| Q2 2023 | $2.7m | $135.6k | 0.05 |
| Q3 2023 | $134.7k | $106.1k | 0.79 |
| Q4 2023 | $3.3m | $146.8k | 0.04 |
Biggest buyers
| MORGAN STANLEY | Added | +2.5m |
| STATE STREET CORP | Added | +1.4m |
| JPMORGAN CHASE & CO | Added | +863.2k |
| NORGES BANK | Added | +744.7k |
| Verition Fund Management LLC | Added | +728.6k |
| LSV ASSET MANAGEMENT | Added | +490.3k |
| BlackRock Inc. | Added | +301.7k |
| AMERICAN CENTURY COMPANIES INC | Added | +258.5k |
| BANK OF AMERICA CORP /DE/ | Added | +253.5k |
| Assenagon Asset Management S.A. | Added | +247.5k |
Biggest sellers
| FMR LLC | Reduced | -838.9k |
| Walleye Capital LLC | Sold out | -441.9k |
| Schonfeld Strategic Advisors LLC | Reduced | -410.8k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -314.9k |
| WBI INVESTMENTS, LLC | Reduced | -250.7k |
| CITADEL ADVISORS LLC | Reduced | -243.7k |
| DARK FOREST CAPITAL MANAGEMENT LP | Sold out | -238.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -217.6k |
| GOLDMAN SACHS GROUP INC | Reduced | -145.0k |
| JANE STREET GROUP, LLC | Reduced | -139.7k |
Biggest calls
| PEAK6 Investments LLC | New | $2.6m120.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $429.9k20.1k shares |
| CITADEL ADVISORS LLC | Added | $246.0k11.5k shares |
| SIMPLEX TRADING, LLC | Added | $29.0k1.4k shares |
| GROUP ONE TRADING LLC | Reduced | $10.7k500 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| GROUP ONE TRADING LLC | Added | $107.0k5.0k shares |
| SIMPLEX TRADING, LLC | New | $27.0k1.3k shares |
| CITADEL ADVISORS LLC | Reduced | $12.8k600 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2023 | 2 | $148.0k | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $500.4k | — |
| Q4 2023 | 0 | — | 3 | $915.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-12-12 | Utz John A. Executive Vice President | Sold | $287.6k14.8k shares |
| 2023-12-04 | Stadler Tammy C. Principal Accounting Officer | Sold | $278.8k14.8k shares |
| 2023-11-29 | Stein David L Executive Vice President | Sold | $348.8k19.4k 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, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 19.2m $410.9m | Added +301.7k |
| VANGUARD GROUP INC 0.01% of their portfolio | 15.6m $334.5m | Added +184.8k |
| FMR LLC 0.02% of their portfolio | 12.7m $272.3m | Reduced -838.9k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 10.8m $231.8m | Added +229.6k |
| STATE STREET CORP 0.01% of their portfolio | 9.5m $202.3m | Added +1.4m |
| MORGAN STANLEY 0.00% of their portfolio | 4.0m $84.6m | Added +2.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.3m $70.3m | Added +123.4k |
| Associated Banc-Corp 2.18% of their portfolio | 2.9m $62.8m | Reduced -138.0k |
| PZENA INVESTMENT MANAGEMENT LLC 0.23% of their portfolio | 2.8m $60.5m | Reduced -121.0k |
| LSV ASSET MANAGEMENT 0.13% of their portfolio | 2.8m $60.5m | Added +490.3k |
| Allspring Global Investments Holdings, LLC 0.10% of their portfolio | 2.7m $57.9m | Reduced -37.2k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.3m $49.9m | Reduced -145.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.3m $48.2m | Added +40.1k |
| Verition Fund Management LLC 0.47% of their portfolio | 2.2m $46.7m | Added +728.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.0m $43.4m | Added +93.8k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.9m $40.8m | Reduced -314.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.9m $40.1m | Added +28.1k |
| NORGES BANK 0.01% of their portfolio | 1.7m $36.7m | Added +744.7k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.7m $36.2m | Added +258.5k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 1.5m $32.9m | Added +105.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3m $27.0m | Added +863.2k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 700.2k $15.0m | Added +9.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 689.9k $14.8m | Added +24.1k |
| Invesco Ltd. 0.00% of their portfolio | 662.8k $14.2m | Added +172.3k |
| Brandywine Global Investment Management, LLC 0.11% of their portfolio | 651.7k $13.9m | Added +32.1k |
| Interval Partners, LP 0.58% of their portfolio | 623.9k $13.3m | Added +128.3k |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 621.8k $13.3m | Added +247.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 592.5k $12.7m | Reduced -7.7k |
| BARCLAYS PLC 0.01% of their portfolio | 577.7k $12.4m | Added +66.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 572.6k $12.2m | Reduced -109.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 558.3k $11.9m | Added +253.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 527.4k $11.3m | Reduced -22.2k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 499.1k $10.7m | Reduced -43.2k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 483.0k $10.3m | Unchanged |
| Rafferty Asset Management, LLC 0.04% of their portfolio | 440.6k $9.4m | Added +210.4k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 436.8k $9.3m | Added +6.7k |
| ProShare Advisors LLC 0.03% of their portfolio | 434.3k $9.3m | Reduced -52.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 427.6k $9.1m | Reduced -72.7k |
| HEARTLAND ADVISORS INC 0.45% of their portfolio | 400.0k $8.6m | Unchanged |
| MAIRS & POWER INC 0.09% of their portfolio | 399.3k $8.5m | Added +48.4k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.22% of their portfolio | 341.0k $7.3m | Reduced -68.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 327.0k $7.0m | Reduced -19.4k |
| CITIGROUP INC 0.01% of their portfolio | 306.1k $6.5m | Added +194.0k |
| Foundry Partners, LLC 0.39% of their portfolio | 302.1k $6.5m | Added +5.2k |
| Schonfeld Strategic Advisors LLC 0.05% of their portfolio | 298.4k $6.4m | Reduced -410.8k |
| Swiss National Bank 0.00% of their portfolio | 297.4k $6.4m | Reduced -34.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 294.2k $6.3m | Reduced -11.3k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.02% of their portfolio | 274.8k $5.9m | Reduced -12.1k |
| Legacy Private Trust Co. 0.46% of their portfolio | 272.6k $5.8m | Reduced -3 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 267.0k $5.7m | Reduced -15.3k |
| HighTower Advisors, LLC 0.01% of their portfolio | 252.9k $5.4m | Added +2 |
| South Dakota Investment Council 0.11% of their portfolio | 239.8k $5.1m | Reduced -40.2k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 230.8k $4.9m | Added +2.7k |
| Legal & General Group Plc 0.00% of their portfolio | 229.2k $4.9m | Reduced -3.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 218.1k $4.7m | Added +60.8k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 217.2k $4.6m | Added +5.4k |
| UBS Group AG 0.00% of their portfolio | 187.4k $4.0m | Added +63.4k |
| Retirement Systems of Alabama 0.02% of their portfolio | 186.1k $4.0m | Reduced -2.3k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 181.3k $3.9m | Added +56.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 181.2k $3.9m | Reduced -217.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 171.1k $3.7m | Reduced -8.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 163.2k $3.5m | Added +5.5k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 160.6k $3.4m | Reduced -2.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 159.3k $3.4m | Reduced -7.5k |
| HENNESSY ADVISORS INC 0.17% of their portfolio | 159.0k $3.4m | Reduced -11.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 143.6k $3.1m | Reduced -4.9k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 143.2k $3.1m | Reduced -11.2k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 135.8k $2.9m | Added +25.3k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 131.5k $2.8m | Added +16.7k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 128.1k $2.7m | Added +222 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 122.8k $2.6m | Reduced -638 |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 121.5k $2.6m | Unchanged |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 120.9k $2.6m | Added +1.8k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.02% of their portfolio | 118.7k $2.5m | Reduced -24.1k |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.23% of their portfolio | 118.1k $2.5m | Added +2.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 116.2k $2.5m | Added +26.0k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 111.3k $2.4m | New |
| Susquehanna Portfolio Strategies, LLC 0.04% of their portfolio | 109.2k $2.3m | First filing |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 106.9k $2.3m | Reduced -6.6k |
| tru Independence LLC 0.69% of their portfolio | 106.4k $2.3m | Added +18.6k |
| Palisade Asset Management, LLC 0.24% of their portfolio | 102.1k $2.2m | Unchanged |
| Edgestream Partners, L.P. 0.16% of their portfolio | 101.3k $2.2m | New |
| Crescent Grove Advisors, LLC 0.24% of their portfolio | 100.2k $2.1m | Added +862 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.03% of their portfolio | 97.9k $2.1m | Added +28.6k |
| NICOLET ADVISORY SERVICES, LLC 0.22% of their portfolio | 95.9k $2.0m | Reduced -40.0k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 91.9k $2.0m | Reduced -6.2k |
| RIA Advisory Group LLC 0.80% of their portfolio | 89.8k $1.9m | Unchanged |
| TWINBEECH CAPITAL LP 0.03% of their portfolio | 89.7k $1.9m | Added +76.3k |
| AMALGAMATED BANK 0.01% of their portfolio | 86.7k $1.9m | Reduced -884 |
| Squarepoint Ops LLC 0.01% of their portfolio | 81.7k $1.7m | Added +27.2k |
| US BANCORP \DE\ 0.00% of their portfolio | 81.5k $1.7m | Added +1.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 80.4k $1.7m | Added +18.5k |
| Alberta Investment Management Corp 0.02% of their portfolio | 78.9k $1.7m | Unchanged |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 74.2k $1.6m | Unchanged |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 70.0k $1.5m | Reduced -112 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 69.1k $1.5m | Reduced -3.9k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 69.1k $1.5m | Reduced -870 |
| ALBERT D MASON INC 0.96% of their portfolio | 68.0k $1.5m | Reduced -335 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 67.7k $1.4m | Reduced -139.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 67.2k $1.4m | Reduced -24.1k |