Associated Banc-Corp
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Associated Banc-Corp reported 317 stock positions worth $3.3 billion. Its top holding was Microsoft (MSFT) at 5.2% of the portfolio, followed by Apple (AAPL, 4.8%) and Alphabet Class A (GOOGL, 4.2%). Compared with Q3 2024, it opened 9 new positions, sold out of 20, added to 69 and reduced 189. The biggest buy was Eli Lilly (LLY, shares +95%) and the biggest sale Thermo Fisher Scientific (TMO, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- Green Bay, WI
- CIK
- 0000007789
- Portfolio Value
- $3.3B (Q4 2024)
- SEC Filing
- 0000007789-25-000008 ↗ filed Feb 10, 2025
Holdings Value
Holdings 317 stocks · $3.3B
| MSFT Microsoft Corp. | 5.20% | 409,373 | $172.6M | Reduce -3.3% |
| AAPL Apple Inc. | 4.80% | 636,272 | $159.3M | Reduce -3.8% |
| GOOGL Alphabet Inc. Class A | 4.20% | 736,632 | $139.4M | Reduce -3.1% |
| NVDA Nvidia Corp. | 3.93% | 970,788 | $130.4M | Reduce -4.8% |
| AMZN Amazon.com Inc. | 3.38% | 511,376 | $112.2M | Reduce -2.7% |
| JPM JPMorgan Chase & Co. | 2.78% | 384,909 | $92.3M | Reduce -2.8% |
| NOW ServiceNow Inc. | 2.61% | 81,805 | $86.7M | Reduce -2.4% |
| FISV Fiserv Inc. | 2.54% | 410,341 | $84.3M | Reduce -8.2% |
| PM Philip Morris International | 1.92% | 530,507 | $63.8M | Reduce -1.3% |
| ASB Associated Banc-Corp. | 1.82% | 2,529,519 | $60.5M | Reduce -6.2% |
| LRCX Lam Research Corp. | 1.81% | 832,470 | $60.1M | Reduce -1.9% |
| KMB Kimberly-Clark Corp. | 1.81% | 457,523 | $60.0M | Reduce -7.6% |
| XOM Exxon Mobil Corp. | 1.64% | 505,799 | $54.4M | Reduce -4.3% |
| META Meta Platforms Inc. Class A | 1.37% | 77,740 | $45.5M | Reduce -2.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.25% | 91,263 | $41.4M | Reduce -3.5% |
| PG The Procter & Gamble Co. | 1.23% | 244,221 | $40.9M | Reduce -2.3% |
| DFS Discover Financial Services | 1.22% | 233,552 | $40.5M | Reduce -3.5% |
| RTX RTX Corp. | 1.20% | 343,886 | $39.8M | Reduce -2.8% |
| LLY Eli Lilly & Co. | 1.20% | 51,403 | $39.7M | Add +95.5% |
| BSX Boston Scientific Corp. | 1.14% | 423,251 | $37.8M | Add +0.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.13% | 141,515 | $37.4M | Add +8.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.12% | 63,528 | $37.2M | Reduce -1.5% |
| LOW Lowe's Cos Inc. | 1.11% | 149,825 | $37.0M | Reduce -1.2% |
| VOO Vanguard S&P 500 ETF | 1.08% | 66,336 | $35.7M | Add +5.4% |
| MDLZ Mondelez International Inc. Class A | 1.07% | 593,923 | $35.5M | Reduce -3.1% |
| SCHW Schwab (charles) Corp. | 1.07% | 479,291 | $35.5M | Reduce -1.6% |
| ETN Eaton Corp. PLC | 1.05% | 105,374 | $35.0M | Reduce -7.0% |
| CI The Cigna Group | 0.98% | 118,088 | $32.6M | Reduce -3.9% |
| NOC Northrop Grumman Corp. | 0.97% | 68,944 | $32.4M | Reduce -2.9% |
| MA Mastercard Inc. Class A | 0.94% | 59,336 | $31.2M | Reduce -3.2% |
| BLK BlackRock Inc. | 0.91% | 29,370 | $30.1M | Reduce -2.8% |
| MCD McDonald's Corp. | 0.90% | 102,632 | $29.8M | Reduce -3.6% |
| PAYC Paycom Software Inc. | 0.89% | 144,477 | $29.6M | Reduce -1.1% |
| APD Air Products & Chemicals Inc. | 0.88% | 100,494 | $29.1M | Reduce -4.5% |
| UNH Unitedhealth Group Inc. | 0.87% | 56,846 | $28.8M | Reduce -4.4% |
| IQV Iqvia Holdings Inc. | 0.79% | 132,772 | $26.1M | Add +2.7% |
| AMP Ameriprise Financial Inc. | 0.78% | 48,469 | $25.8M | Reduce -2.9% |
| PEP Pepsico Inc. | 0.72% | 157,206 | $23.9M | Reduce -3.3% |
| TMO Thermo Fisher Scientific Inc. | 0.72% | 45,874 | $23.9M | Reduce -33.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.70% | 56,594 | $23.2M | Add +2.4% |
| CVX Chevron Corp. | 0.69% | 157,558 | $22.8M | Reduce -2.4% |
| BSV Vanguard Short-Term Bond ETF | 0.68% | 291,530 | $22.5M | Add +0.8% |
| JNJ Johnson & Johnson | 0.67% | 154,198 | $22.3M | Reduce -5.3% |
| XLK SS Technology Select Sector | 0.67% | 95,806 | $22.3M | Reduce -3.6% |
| ALL Allstate Corp. | 0.66% | 113,037 | $21.8M | Reduce -2.3% |
| UNP Union Pacific Corp. | 0.63% | 91,843 | $20.9M | Reduce -3.7% |
| GOOG Alphabet Inc. Class C | 0.62% | 107,433 | $20.5M | Reduce -1.8% |
| SYY Sysco Corp. | 0.61% | 264,549 | $20.2M | Reduce -5.9% |
| XEL Xcel Energy Inc. | 0.60% | 295,161 | $19.9M | Reduce -4.5% |
| CAT Caterpillar Inc. | 0.59% | 53,882 | $19.5M | Reduce -6.7% |
| VIG Vanguard Dividend Apprec ETF | 0.58% | 98,897 | $19.4M | Add +10.4% |
| KO The Coca-Cola Co. | 0.55% | 293,979 | $18.3M | Reduce -3.0% |
| CSCO Cisco Systems Inc. | 0.55% | 306,038 | $18.1M | Reduce -2.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.54% | 74,336 | $17.9M | Add +10.8% |
| CMI Cummins Inc. | 0.52% | 49,709 | $17.3M | Reduce -2.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.50% | 57,475 | $16.7M | Add +10.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.49% | 367,014 | $16.1M | Reduce -3.5% |
| DHR Danaher Corp. | 0.49% | 70,234 | $16.1M | Reduce -2.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.48% | 94,678 | $16.0M | Reduce -1.0% |
| ABT Abbott Laboratories | 0.47% | 137,895 | $15.6M | Reduce -3.8% |
| MRK Merck & Co. Inc. | 0.43% | 144,714 | $14.4M | Reduce -6.3% |
| SDY SS SPDR S&P Dividend ETF | 0.43% | 108,542 | $14.3M | Reduce -0.4% |
| CMCSA Comcast Corp. Class A | 0.43% | 378,119 | $14.2M | Reduce -6.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.42% | 198,539 | $14.0M | Add +1.8% |
| IVV iShares Core S&P 500 ETF | 0.42% | 23,666 | $13.9M | Reduce -2.0% |
| NEE Nextera Energy Inc. | 0.42% | 194,260 | $13.9M | Reduce -2.2% |
| MDT Medtronic PLC | 0.41% | 170,938 | $13.7M | Reduce -0.5% |
| WM Waste Management Inc. | 0.41% | 67,171 | $13.6M | Reduce -0.9% |
| IVE iShares S&P 500 Value ETF | 0.37% | 64,487 | $12.3M | Add +5.3% |
| VNQ Vanguard Real Estate ETF | 0.37% | 136,584 | $12.2M | Reduce -4.3% |
| PSX Phillips 66 | 0.37% | 106,424 | $12.1M | Reduce -3.2% |
| WMT Walmart Inc. | 0.36% | 133,089 | $12.0M | Reduce -1.7% |
| IEMG iShares Core MSCI Emerging | 0.36% | 228,326 | $11.9M | Add +0.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.34% | 198,093 | $11.4M | Add +6.3% |
| BND Vanguard Total Bond Market | 0.32% | 146,230 | $10.5M | Add +13.7% |
| WWD Woodward Inc. | 0.31% | 62,674 | $10.4M | Reduce -5.8% |
| VYM Vanguard High DVD Yield ETF | 0.31% | 80,528 | $10.3M | Reduce -3.0% |
| HD Home Depot Inc. | 0.29% | 25,137 | $9.8M | Reduce -1.7% |
| EFV iShares MSCI Eafe Value ETF | 0.29% | 182,538 | $9.6M | Add +0.6% |
| IJH iShares Core S&P Midcap ETF | 0.29% | 153,685 | $9.6M | Add +0.5% |
| WDS Woodside Energy Group-ADR | 0.28% | 595,150 | $9.3M | Reduce -29.4% |
| UPS United Parcel Service Class B | 0.28% | 73,170 | $9.2M | Add +12.6% |
| IVW iShares S&P 500 Growth ETF | 0.27% | 89,261 | $9.1M | Add +4.8% |
| HON Honeywell International Inc. | 0.27% | 39,912 | $9.0M | Reduce -16.5% |
| DOC Healthpeak Properties Inc. | 0.26% | 426,354 | $8.6M | Reduce -7.7% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.25% | 92,963 | $8.5M | Add +0.5% |
| SO The Southern Co. | 0.24% | 98,029 | $8.1M | Reduce -0.6% |
| USB US Bancorp | 0.24% | 167,348 | $8.0M | Reduce -1.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 71,665 | $8.0M | Reduce -10.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.24% | 15,343 | $7.8M | Add +6.4% |
| BMY Bristol-Myers Squibb Co. | 0.23% | 136,477 | $7.7M | Reduce -8.3% |
| SBUX Starbucks Corp. | 0.23% | 84,541 | $7.7M | Reduce -5.0% |
| ZTS Zoetis Inc. | 0.23% | 47,220 | $7.7M | Reduce -4.2% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.23% | 60,645 | $7.6M | Add +0.1% |
| SYK Stryker Corp. | 0.23% | 20,894 | $7.5M | Add +1.4% |
| IWD iShares Russell 1000 Value E | 0.22% | 40,040 | $7.4M | Add +0.4% |
| IJR iShares Core S&P Small-Cap E | 0.22% | 63,916 | $7.4M | Reduce -2.5% |
| BIV Vanguard Intermediate-Term B | 0.21% | 94,953 | $7.1M | Add +2.0% |
| AMGN Amgen Inc. | 0.21% | 26,346 | $6.9M | Reduce -1.6% |
| CL Colgate-Palmolive Co. | 0.20% | 72,718 | $6.6M | Reduce -4.8% |
Portfolio Sells Q3 2024 → Q4 2024
| TMO Thermo Fisher Scientific Inc. | Reduce -33.5% | 0.72% | −0.54 |
| CI The Cigna Group | Reduce -3.9% | 0.98% | −0.27 |
| KMB Kimberly-Clark Corp. | Reduce -7.6% | 1.81% | −0.26 |
| MDLZ Mondelez International Inc. Class A | Reduce -3.1% | 1.07% | −0.26 |
| LRCX Lam Research Corp. | Reduce -1.9% | 1.81% | −0.22 |
| XOM Exxon Mobil Corp. | Reduce -4.3% | 1.64% | −0.18 |
| UNH Unitedhealth Group Inc. | Reduce -4.4% | 0.87% | −0.16 |
| MSFT Microsoft Corp. | Reduce -3.3% | 5.20% | −0.16 |
| WDS Woodside Energy Group-ADR | Reduce -29.4% | 0.28% | −0.15 |
| CVS CVS Health Corp. | Reduce -40.5% | 0.11% | −0.15 |
| NOC Northrop Grumman Corp. | Reduce -2.9% | 0.97% | −0.13 |
| JNJ Johnson & Johnson | Reduce -5.3% | 0.67% | −0.10 |
| DHR Danaher Corp. | Reduce -2.6% | 0.49% | −0.10 |
| LOW Lowe's Cos Inc. | Reduce -1.2% | 1.11% | −0.09 |
| PEP Pepsico Inc. | Reduce -3.3% | 0.72% | −0.09 |
| KO The Coca-Cola Co. | Reduce -3.0% | 0.55% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -6.3% | 0.43% | −0.08 |
| CAT Caterpillar Inc. | Reduce -6.7% | 0.59% | −0.07 |
| IBDP iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.07 |
| NEE Nextera Energy Inc. | Reduce -2.2% | 0.42% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -6.1% | 0.43% | −0.07 |
| RTX RTX Corp. | Reduce -2.8% | 1.20% | −0.06 |
| UNP Union Pacific Corp. | Reduce -3.7% | 0.63% | −0.06 |
| PSX Phillips 66 | Reduce -3.2% | 0.37% | −0.06 |
| MCD McDonald's Corp. | Reduce -3.6% | 0.90% | −0.06 |
| DG Dollar General Corp. | Reduce -85.0% | 0.01% | −0.05 |
| ZTS Zoetis Inc. | Reduce -4.2% | 0.23% | −0.05 |
| IBTE iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -7.0% | 1.05% | −0.05 |
| DOC Healthpeak Properties Inc. | Reduce -7.7% | 0.26% | −0.05 |
| NKE Nike Inc. Class B | Reduce -18.3% | 0.12% | −0.05 |
| AMGN Amgen Inc. | Reduce -1.6% | 0.21% | −0.05 |
| APD Air Products & Chemicals Inc. | Reduce -4.5% | 0.88% | −0.04 |
| MDT Medtronic PLC | Reduce -0.5% | 0.41% | −0.04 |
| VNQ Vanguard Real Estate ETF | Reduce -4.3% | 0.37% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -2.3% | 1.23% | −0.04 |
| ABBV Abbvie Inc. | Reduce -9.5% | 0.19% | −0.04 |
| MCHP Microchip Technology Inc. | Reduce -3.9% | 0.09% | −0.04 |
| AMCR Amcor PLC | Reduce -21.8% | 0.07% | −0.04 |
| GE General Electric | Reduce -55.7% | 0.02% | −0.04 |
| SYY Sysco Corp. | Reduce -5.9% | 0.61% | −0.04 |
| PFE Pfizer Inc. | Reduce -11.1% | 0.18% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -4.8% | 0.20% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.5% | 1.25% | −0.03 |
| INTC Intel Corp. | Reduce -29.4% | 0.05% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -8.0% | 0.19% | −0.03 |
| IRM Iron Mountain Inc. | Sold out | 0.00% | −0.03 |
| DOW Dow Inc. | Reduce -1.8% | 0.08% | −0.03 |
| TGT Target Corp. | Reduce -41.9% | 0.03% | −0.02 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -8.9% | 0.06% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| LLY Eli Lilly & Co. | Add +95.5% | 1.20% | +0.51 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +8.0% | 1.13% | +0.11 |
| VOO Vanguard S&P 500 ETF | Add +5.4% | 1.08% | +0.10 |
| BSX Boston Scientific Corp. | Add +0.1% | 1.14% | +0.10 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +2.4% | 0.70% | +0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +10.8% | 0.54% | +0.07 |
| VTI VG Morningstar TS MKT ETF-US | Add +10.2% | 0.50% | +0.07 |
| VIG Vanguard Dividend Apprec ETF | Add +10.4% | 0.58% | +0.06 |
| IVW iShares S&P 500 Growth ETF | Add +4.8% | 0.27% | +0.03 |
| BND Vanguard Total Bond Market | Add +13.7% | 0.32% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +6.4% | 0.24% | +0.03 |
| TSLA Tesla Inc. | Add +14.2% | 0.04% | +0.02 |
| UPS United Parcel Service Class B | Add +12.6% | 0.28% | +0.02 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +55.6% | 0.05% | +0.02 |
| IVE iShares S&P 500 Value ETF | Add +5.3% | 0.37% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +0.7% | 0.14% | +0.01 |
| FBTC Fidelity Wise Origin Bitcoin | Add +57.5% | 0.02% | +0.01 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +3.5% | 0.13% | +0.01 |
| IBDU iShares Ibonds Dec 2029 Term | Add +28.4% | 0.05% | +0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +0.8% | 0.68% | +0.01 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +15.8% | 0.07% | +0.01 |
| VXUS Vanguard Total Intl Stock | New | 0.01% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +0.5% | 0.29% | +0.01 |
| IJJ iShares S&P Mid-Cap 400 Valu | Add +0.1% | 0.23% | +0.01 |
| SYK Stryker Corp. | Add +1.4% | 0.23% | +0.01 |
| TFC Truist Financial Corp. | Add +0.3% | 0.18% | +0.01 |
| IBTL iShares Ibonds Dec 2031 Term | New | 0.01% | +0.01 |
| BNDX Vanguard Total Intl Bond ETF | Add +40.0% | 0.02% | +0.01 |
| ESGD iShares Trust iShares ESG Aw | New | 0.01% | +0.01 |
| CRM Salesforce Inc. | New | 0.01% | +0.01 |
| CWST Casella Waste Systems Inc. Class A | New | 0.01% | +0.01 |
| PNC PNC Financial Services Group | New | 0.01% | +0.01 |
| COST Costco Wholesale Corp. | Add +8.9% | 0.05% | +0.01 |
| PANW Palo Alto Networks Inc. | New | 0.01% | +0.01 |
| BRBR Bellring Brands Inc. | New | 0.01% | +0.01 |
| OLLI Ollie's Bargain Outlet Holdi | New | 0.01% | +0.01 |
| IBDX iShares Ibonds Dec 2032 TC | Add +29.2% | 0.03% | +0.01 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +32.8% | 0.02% | +0.01 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +29.2% | 0.02% | +0.01 |
| GLD SPDR Gold Shares | Add +1.1% | 0.17% | +0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +4.8% | 0.14% | +0.01 |
| MO Altria Group Inc. | Add +1.8% | 0.07% | +0.00 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +0.5% | 0.25% | +0.00 |
| IJS iShares S&P Small-Cap 600 Va | Add +1.2% | 0.08% | +0.00 |
| LNT Alliant Energy Corp. | Add +24.0% | 0.02% | +0.00 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +4.5% | 0.07% | +0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +3.0% | 0.09% | +0.00 |
| IWM iShares Russell 2000 ETF | Add +0.4% | 0.08% | +0.00 |
| IBTG iShares Ibonds Dec 2026 Term | Add +3.3% | 0.05% | +0.00 |
| FOUR SHIFT4 Payments Inc. Class A | Add +1.3% | 0.01% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 381 | $4.2B | LRCX, GOOGL, NVDA, AAPL, MSFT |
| Q1 2026 | 332 | $3.8B | GOOGL, NVDA, MSFT, AAPL, LRCX |
| Q4 2025 | 333 | $3.9B | GOOGL, MSFT, NVDA, AAPL, AMZN |
| Q3 2025 | 340 | $3.8B | MSFT, NVDA, GOOGL, AAPL, JPM |
| Q2 2025 | 321 | $3.5B | MSFT, NVDA, GOOGL, AAPL, JPM |
| Q1 2025 | 320 | $3.3B | MSFT, AAPL, GOOGL, NVDA, JPM |
| Q4 2024 | 317 | $3.3B | MSFT, AAPL, GOOGL, NVDA, AMZN |
| Q3 2024 | 328 | $3.4B | MSFT, AAPL, GOOGL, NVDA, AMZN |
| Q2 2024 | 315 | $3.2B | MSFT, AAPL, GOOGL, NVDA, AMZN |
| Q1 2024 | 314 | $3.2B | MSFT, AAPL, GOOGL, NVDA, AMZN |