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 ($17.5m this quarter). Holder counts are more reliable. Shares outstanding: 188.8m as of 2026-07-31, 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 ≈ $30.78. Options: 5 managers hold calls ($1.8m notional), 0 hold puts (—).
Trends to Q2 2026
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 |
| Q1 2024 | 273 |
| Q2 2024 | 278 |
| Q3 2024 | 295 |
| Q4 2024 | 307 |
| Q1 2025 | 302 |
| Q2 2025 | 315 |
| Q3 2025 | 320 |
| Q4 2025 | 341 |
| Q1 2026 | 371 |
| Q2 2026 | 396 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 132 | 124 |
| Q4 2024 | 162 | 110 |
| Q1 2025 | 145 | 139 |
| Q2 2025 | 152 | 141 |
| Q3 2025 | 145 | 127 |
| Q4 2025 | 147 | 152 |
| Q1 2026 | 210 | 126 |
| Q2 2026 | 217 | 139 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $987.0k | $78.7k | 0.08 |
| Q4 2025 | $747.0k | $54.1k | 0.07 |
| Q1 2026 | $988.5k | $5.2k | 0.01 |
| Q2 2026 | $1.8m | $0 | 0.00 |
Biggest buyers
| Assenagon Asset Management S.A. | New | +2.0m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.7m |
| FIRST TRUST ADVISORS LP | Added | +1.6m |
| LAZARD ASSET MANAGEMENT LLC | Added | +1.0m |
| AMERICAN CENTURY COMPANIES INC | Added | +981.5k |
| BlackRock, Inc. | Added | +846.9k |
| FMR LLC | Added | +825.7k |
| FEDERATED HERMES, INC. | Added | +736.4k |
| AMERIPRISE FINANCIAL INC | Added | +665.4k |
| JPMORGAN CHASE & CO | Added | +660.7k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -1.3m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -1.2m |
| Qube Research & Technologies Ltd | Sold out | -970.8k |
| Rhino Investment Partners, Inc | Sold out | -824.1k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -765.3k |
| SG Americas Securities, LLC | Reduced | -744.5k |
| UBS Group AG | Reduced | -626.6k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -514.1k |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -451.4k |
| Longaeva Partners L.P. | Sold out | -405.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $624.6k20.3k shares |
| CITADEL ADVISORS LLC | Added | $467.7k15.2k shares |
| GROUP ONE TRADING LLC | Added | $366.2k11.9k shares |
| JANE STREET GROUP, LLC | New | $264.6k8.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $89.2k2.9k shares |
Biggest puts
| None |
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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 8 | $8.0m | — |
| Q1 2025 | 0 | — | 2 | $244.0k | — |
| Q2 2025 | 1 | $300.2k | 0 | — | — |
| Q3 2025 | 0 | — | 4 | $657.1k | — |
| Q4 2025 | 0 | — | 2 | $925.8k | — |
| Q1 2026 | 0 | — | 3 | $677.8k | — |
| Q2 2026 | 0 | — | 5 | $1.6m | — |
| Q3 2026 | 0 | — | 6 | $6.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-03 | Ahern Patrick Edward Executive Vice President | Sold | $40.4k1.3k shares |
| 2026-08-12 | Erickson Randall J. Executive Vice President | Sold | $1.4m43.6k shares |
| 2026-08-12 | Warsek Gregory EVP | Sold | $416.7k13.0k shares |
| 2026-08-12 | Warsek Gregory EVP | Sold | $105.0k3.3k shares |
| 2026-08-04 | Utz John A. Executive Vice President | Sold | $1.4m44.5k shares |
| 2026-07-30 | Erickson Randall J. Executive Vice President | Sold | $2.8m90.6k shares |
| 2026-07-29 | Meyer Derek S. EVP, Chief Financial Officer | Sold | $307.4k10.0k shares |
| 2026-07-28 | Kitowski Nicole M Executive Vice President | Sold | $236.9k7.7k shares |
| 2026-06-10 | Utz John A. Executive Vice President | Sold | $144.2k5.0k shares |
| 2026-06-09 | Braeger Matthew R Executive Vice President | Sold | $140.9k5.0k shares |
| 2026-05-26 | DeLoye Dennis Executive Vice President | Sold | $404.1k14.3k shares |
| 2026-05-04 | Erickson Randall J. Executive Vice President | Sold | $788.2k28.3k shares |
| 2026-05-01 | Erickson Randall J. Executive Vice President | Sold | $56.6k2.0k shares |
| 2026-04-28 | WILLIAMS JOHN B Director | Sold | $112.7k4.0k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 23.3m $715.9m | Added +846.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 10.4m $319.0m | Reduced -514.1k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 10.0m $308.9m | Added +227.3k |
| STATE STREET CORP 0.01% of their portfolio | 8.8m $272.3m | Reduced -112.7k |
| FIRST TRUST ADVISORS LP 0.14% of their portfolio | 7.5m $232.0m | Added +1.6m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 6.7m $205.4m | Reduced -451.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.3m $132.0m | Reduced -72.4k |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 4.2m $130.7m | Added +981.5k |
| LSV ASSET MANAGEMENT 0.21% of their portfolio | 3.8m $115.8m | Reduced -55.1k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.14% of their portfolio | 3.1m $94.9m | Reduced -253.7k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 3.1m $94.6m | Added +1.7m |
| FMR LLC 0.00% of their portfolio | 2.9m $89.0m | Added +825.7k |
| Associated Banc-Corp 1.81% of their portfolio | 2.5m $76.3m | Reduced -109.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.2m $68.3m | Reduced -43.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.2m $67.5m | Reduced -172.4k |
| MORGAN STANLEY 0.00% of their portfolio | 2.1m $63.7m | Added +651.1k |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 2.0m $61.9m | New |
| PZENA INVESTMENT MANAGEMENT LLC 0.18% of their portfolio | 2.0m $61.2m | Added +67.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.0m $61.2m | Reduced -33.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.9m $58.7m | Added +276.6k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 1.8m $55.0m | Reduced -1.3m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.8m $55.6m | Added +660.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.6m $48.9m | Reduced -86.3k |
| Balyasny Asset Management L.P. 0.09% of their portfolio | 1.6m $48.9m | Added +107.4k |
| Verition Fund Management LLC 0.33% of their portfolio | 1.5m $47.6m | Reduced -287.6k |
| NORGES BANK 0.00% of their portfolio | 1.4m $43.2m | Not comparable |
| Invesco Ltd. 0.00% of their portfolio | 1.4m $42.6m | Added +60.3k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 1.3m $39.0m | Added +21.5k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 1.3m $39.1m | Reduced -158.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $34.7m | Added +158.4k |
| LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio | 1.1m $32.8m | Added +1.0m |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.1m $32.5m | Added +8.5k |
| Nuveen, LLC 0.01% of their portfolio | 963.1k $29.6m | Added +24.7k |
| FEDERATED HERMES, INC. 0.04% of their portfolio | 944.2k $29.1m | Added +736.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 919.2k $28.3m | Added +665.4k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 836.5k $25.7m | Reduced -142.4k |
| HEARTLAND ADVISORS INC 1.15% of their portfolio | 836.0k $25.7m | Reduced -39.9k |
| Interval Partners, LP 0.82% of their portfolio | 826.7k $25.4m | Reduced -47.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 792.6k $24.4m | Added +81.6k |
| Leeward Investments, LLC - MA 0.99% of their portfolio | 709.5k $21.8m | Reduced -15.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 706.4k $21.7m | Reduced -154.2k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 706.4k $21.7m | Added +155.1k |
| Man Group plc 0.04% of their portfolio | 688.5k $21.2m | Added +447.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 684.6k $21.1m | Added +243.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 658.1k $20.3m | Added +445.8k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 621.9k $19.1m | Added +119.3k |
| HANCOCK WHITNEY CORP 0.26% of their portfolio | 507.8k $15.6m | Added +5.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 489.5k $15.1m | Reduced -17.0k |
| UBS Group AG 0.00% of their portfolio | 489.5k $15.1m | Reduced -626.6k |
| ALGERT GLOBAL LLC 0.18% of their portfolio | 483.4k $14.9m | Unchanged |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 442.0k $13.6m | Added +40.6k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 429.3k $13.2m | Reduced -35.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 400.5k $12.3m | Added +51.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 372.2k $11.5m | Added +4.4k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 359.5k $11.1m | Added +21.7k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 334.6k $10.3m | Reduced -98.8k |
| Swiss National Bank 0.01% of their portfolio | 330.9k $10.2m | Added +2.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 318.3k $8.2m | Added +181 |
| CASTLEARK MANAGEMENT LLC 0.25% of their portfolio | 299.4k $9.2m | Reduced -12.0k |
| MAIRS & POWER INC 0.08% of their portfolio | 270.0k $8.3m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 256.7k $7.9m | Added +93.1k |
| ProShare Advisors LLC 0.01% of their portfolio | 255.7k $7.9m | Reduced -21.4k |
| SummitTX Capital, L.P. 0.21% of their portfolio | 253.2k $7.8m | Added +225.7k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 238.3k $7.3m | Reduced -11.2k |
| Bridgewater Associates, LP 0.03% of their portfolio | 235.9k $7.3m | Reduced -179.8k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 235.0k $7.2m | Added +70.6k |
| Legal & General Group Plc 0.00% of their portfolio | 231.4k $7.1m | Added +7.8k |
| Creative Planning 0.00% of their portfolio | 222.3k $6.8m | Added +50.1k |
| BARCLAYS PLC 0.00% of their portfolio | 219.8k $6.8m | Reduced -10.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 196.2k $6.0m | Added +27.5k |
| CITIGROUP INC 0.00% of their portfolio | 195.5k $6.0m | Added +11.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 188.7k $5.8m | Reduced -29.6k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 176.9k $5.4m | Reduced -15.4k |
| Legacy Private Trust Co. 0.30% of their portfolio | 176.2k $5.4m | Reduced -85.1k |
| Quantinno Capital Management LP 0.01% of their portfolio | 170.6k $5.3m | Added +37.4k |
| Retirement Systems of Alabama 0.02% of their portfolio | 169.0k $5.2m | Reduced -31.6k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 168.9k $5.2m | Reduced -9.1k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 160.7k $4.9m | Reduced -8.0k |
| Trexquant Investment LP 0.03% of their portfolio | 157.6k $4.8m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 156.0k $4.8m | Added +66.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 154.1k $4.7m | Added +7.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 153.2k $4.7m | Added +61.8k |
| Weiss Asset Management LP 0.05% of their portfolio | 149.6k $4.6m | Added +86.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 149.4k $4.6m | Added +8.2k |
| Edgestream Partners, L.P. 0.13% of their portfolio | 143.8k $4.4m | Reduced -179.6k |
| IEQ CAPITAL, LLC 0.02% of their portfolio | 143.4k $4.4m | Added +55.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 142.2k $4.4m | Reduced -11.8k |
| Vest Financial, LLC 0.05% of their portfolio | 140.3k $4.3m | Added +68.5k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.28% of their portfolio | 140.1k $4.3m | New |
| EASTERLY INVESTMENT PARTNERS LLC 0.21% of their portfolio | 136.6k $4.2m | Added +29.5k |
| Crescent Grove Advisors, LLC 0.34% of their portfolio | 132.0k $4.1m | Reduced -30.3k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 130.4k $4.0m | Reduced -45.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 126.9k $3.9m | Added +54.5k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 126.8k $3.3m | Reduced -286 |
| Jupiter Topco LLC 0.00% of their portfolio | 125.6k $3.9m | First filing |
| Brevan Howard Capital Management LP 0.05% of their portfolio | 122.9k $3.8m | Reduced -65.1k |
| Covea Finance 0.12% of their portfolio | 122.3k $3.8m | Unchanged |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 121.3k $3.7m | Reduced -65.4k |
| BESSEMER GROUP INC 0.01% of their portfolio | 120.5k $3.7m | Reduced -185 |
| Engineers Gate Manager LP 0.05% of their portfolio | 116.4k $3.6m | Added +69.4k |