Associated Banc-Corp
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Associated Banc-Corp reported 321 stock positions worth $3.5 billion. Its top holding was Microsoft (MSFT) at 6.1% of the portfolio, followed by Nvidia (NVDA, 4.4%) and Alphabet Class A (GOOGL, 3.7%). Compared with Q1 2025, it opened 16 new positions, sold out of 15, added to 97 and reduced 174. The biggest buy was Capital One Financial (COF, shares +1644%) and the biggest sale an exit from Discover Financial Services (DFS).
- Most Recent 13F
- Q2 2026
- Location
- Green Bay, WI
- CIK
- 0000007789
- Portfolio Value
- $3.5B (Q2 2025)
- SEC Filing
- 0000007789-25-000121 ↗ filed Aug 12, 2025
Holdings Value
Holdings 321 stocks · $3.5B
| MSFT Microsoft Corp. | 6.12% | 434,241 | $216.0M | Reduce -1.1% |
| NVDA Nvidia Corp. | 4.42% | 986,635 | $155.9M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 3.71% | 743,178 | $131.0M | Reduce -0.7% |
| AAPL Apple Inc. | 3.53% | 606,664 | $124.5M | Reduce -3.6% |
| JPM JPMorgan Chase & Co. | 3.25% | 395,656 | $114.7M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 3.15% | 506,079 | $111.0M | Reduce -0.4% |
| PM Philip Morris International | 2.84% | 549,762 | $100.1M | Add +1.1% |
| LRCX Lam Research Corp. | 2.67% | 968,302 | $94.3M | Add +0.5% |
| NOW ServiceNow Inc. | 2.13% | 73,086 | $75.1M | Add +0.1% |
| FISV Fiserv Inc. | 1.91% | 390,438 | $67.3M | Reduce -0.6% |
| ASB Associated Banc-Corp. | 1.70% | 2,464,108 | $60.1M | Reduce -2.4% |
| KMB Kimberly-Clark Corp. | 1.65% | 450,644 | $58.1M | Reduce -0.5% |
| XOM Exxon Mobil Corp. | 1.60% | 522,657 | $56.3M | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 1.59% | 75,810 | $56.0M | Reduce -0.5% |
| COF Capital One Financial Corp. | 1.49% | 246,764 | $52.5M | Add +1643.8% |
| RTX RTX Corp. | 1.44% | 348,360 | $50.9M | Add +1.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.37% | 172,994 | $48.4M | Add +8.0% |
| UBER Uber Technologies Inc. | 1.29% | 489,437 | $45.7M | Add +10.7% |
| SCHW Schwab (charles) Corp. | 1.25% | 482,724 | $44.0M | Add +1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.24% | 89,724 | $43.6M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 1.22% | 55,366 | $43.2M | Add +1.6% |
| BSX Boston Scientific Corp. | 1.13% | 372,060 | $40.0M | Reduce -0.8% |
| VOO Vanguard S&P 500 ETF | 1.12% | 69,706 | $39.6M | Add +3.6% |
| MDLZ Mondelez International Inc. Class A | 1.12% | 583,406 | $39.3M | Reduce -1.0% |
| CI The Cigna Group | 1.09% | 116,837 | $38.6M | Add +0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.07% | 61,042 | $37.7M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 1.06% | 233,706 | $37.2M | Reduce -2.6% |
| LOW Lowe's Cos Inc. | 0.95% | 150,851 | $33.5M | Add +0.6% |
| MA Mastercard Inc. Class A | 0.91% | 57,170 | $32.1M | Reduce -3.1% |
| ETN Eaton Corp. PLC | 0.88% | 87,203 | $31.1M | Reduce -7.9% |
| BLK BlackRock Inc. | 0.86% | 29,019 | $30.4M | Reduce -1.1% |
| MCD McDonald's Corp. | 0.82% | 99,368 | $29.0M | Reduce -1.6% |
| APD Air Products & Chemicals Inc. | 0.78% | 97,345 | $27.5M | Reduce -0.9% |
| IQV Iqvia Holdings Inc. | 0.76% | 170,778 | $26.9M | Add +0.2% |
| BSV Vanguard Short-Term Bond ETF | 0.76% | 340,227 | $26.8M | Add +3.4% |
| AMP Ameriprise Financial Inc. | 0.72% | 47,779 | $25.5M | Reduce -0.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.71% | 56,891 | $24.9M | Add +0.2% |
| CRM Salesforce Inc. | 0.70% | 90,803 | $24.8M | New |
| CVX Chevron Corp. | 0.67% | 164,689 | $23.6M | Add +2.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.63% | 94,028 | $22.3M | Add +16.0% |
| JNJ Johnson & Johnson | 0.63% | 145,603 | $22.2M | Reduce -2.4% |
| ALL Allstate Corp. | 0.62% | 109,524 | $22.0M | Reduce -2.5% |
| XLK SS Technology Select Sector | 0.61% | 84,830 | $21.5M | Reduce -8.2% |
| CSCO Cisco Systems Inc. | 0.61% | 309,247 | $21.5M | Add +2.4% |
| PAYC Paycom Software Inc. | 0.59% | 90,712 | $21.0M | Reduce -40.3% |
| VIG Vanguard Dividend Apprec ETF | 0.57% | 98,546 | $20.2M | Reduce -3.9% |
| NOC Northrop Grumman Corp. | 0.56% | 39,700 | $19.8M | Reduce -2.0% |
| UNP Union Pacific Corp. | 0.56% | 85,836 | $19.7M | Reduce -4.1% |
| XEL Xcel Energy Inc. | 0.56% | 288,176 | $19.6M | Reduce -1.0% |
| PEP Pepsico Inc. | 0.54% | 144,260 | $19.0M | Reduce -4.7% |
| KO The Coca-Cola Co. | 0.53% | 266,241 | $18.8M | Reduce -2.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.53% | 224,499 | $18.7M | Add +7.4% |
| GOOG Alphabet Inc. Class C | 0.52% | 103,380 | $18.3M | Reduce -2.1% |
| TMO Thermo Fisher Scientific Inc. | 0.51% | 44,415 | $18.0M | Reduce -1.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.49% | 258,561 | $17.4M | Add +16.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.48% | 360,130 | $17.0M | Reduce -2.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.48% | 95,956 | $17.0M | Add +0.1% |
| UNH Unitedhealth Group Inc. | 0.48% | 54,264 | $16.9M | Reduce -3.5% |
| ABT Abbott Laboratories | 0.48% | 124,091 | $16.9M | Reduce -3.4% |
| CAT Caterpillar Inc. | 0.46% | 41,848 | $16.2M | Reduce -20.2% |
| CMI Cummins Inc. | 0.46% | 49,287 | $16.1M | Reduce -0.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.45% | 52,259 | $15.9M | Reduce -7.3% |
| MDT Medtronic PLC | 0.44% | 179,132 | $15.6M | Reduce -0.6% |
| IVV iShares Core S&P 500 ETF | 0.43% | 24,446 | $15.2M | Add +2.0% |
| WWD Woodward Inc. | 0.43% | 61,894 | $15.2M | Reduce -0.3% |
| SDY SS SPDR S&P Dividend ETF | 0.41% | 107,361 | $14.6M | Reduce -0.6% |
| IEMG iShares Core MSCI Emerging | 0.40% | 237,947 | $14.3M | Add +0.7% |
| WM Waste Management Inc. | 0.40% | 61,765 | $14.1M | Reduce -2.8% |
| BIV Vanguard Intermediate-Term B | 0.40% | 180,468 | $14.0M | Add +4.7% |
| IVE iShares S&P 500 Value ETF | 0.39% | 71,122 | $13.9M | Add +10.0% |
| CMCSA Comcast Corp. Class A | 0.38% | 376,273 | $13.4M | Reduce -0.1% |
| EFV iShares MSCI Eafe Value ETF | 0.38% | 210,614 | $13.4M | Add +16.8% |
| DHR Danaher Corp. | 0.38% | 67,310 | $13.3M | Reduce -3.3% |
| SYY Sysco Corp. | 0.37% | 173,430 | $13.1M | Reduce -0.7% |
| NEE Nextera Energy Inc. | 0.37% | 188,289 | $13.1M | Reduce -2.4% |
| BND Vanguard Total Bond Market | 0.36% | 171,262 | $12.6M | Add +0.5% |
| PSX Phillips 66 | 0.33% | 98,193 | $11.7M | Reduce -4.0% |
| WMT Walmart Inc. | 0.32% | 115,344 | $11.3M | Reduce -3.5% |
| IVW iShares S&P 500 Growth ETF | 0.30% | 97,209 | $10.7M | Add +10.1% |
| VYM Vanguard High DVD Yield ETF | 0.30% | 80,026 | $10.7M | Add +4.2% |
| VWO Vanguard Ftse Emerging Marke | 0.30% | 211,172 | $10.4M | Add +101.1% |
| IJH iShares Core S&P Midcap ETF | 0.28% | 157,452 | $9.8M | Add +0.3% |
| NFLX Netflix Inc. | 0.27% | 7,155 | $9.6M | Add +1.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 17,088 | $9.4M | Add +10.8% |
| VEA Vanguard Ftse Developed ETF | 0.26% | 160,273 | $9.1M | Add +14.8% |
| SYK Stryker Corp. | 0.26% | 23,088 | $9.1M | Add +3.7% |
| GDX Vaneck Gold Miners ETF | 0.26% | 175,307 | $9.1M | Reduce -8.2% |
| HD Home Depot Inc. | 0.26% | 24,593 | $9.0M | Reduce -1.3% |
| SO The Southern Co. | 0.25% | 96,450 | $8.9M | Reduce -1.6% |
| GLD SPDR Gold Shares | 0.25% | 28,590 | $8.7M | Add +18.8% |
| MRK Merck & Co. Inc. | 0.24% | 105,451 | $8.3M | Reduce -12.0% |
| VNQ Vanguard Real Estate ETF | 0.23% | 91,002 | $8.1M | Reduce -27.1% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.23% | 88,948 | $8.1M | Reduce -4.1% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.23% | 27,980 | $8.0M | Add +27.4% |
| HON Honeywell International Inc. | 0.22% | 32,715 | $7.6M | Reduce -5.8% |
| SBUX Starbucks Corp. | 0.22% | 82,827 | $7.6M | Reduce -1.1% |
| IWD iShares Russell 1000 Value E | 0.21% | 38,902 | $7.6M | Reduce -2.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 59,409 | $7.4M | Add +0.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.20% | 43,957 | $7.2M | Add +32.2% |
| ZTS Zoetis Inc. | 0.20% | 44,896 | $7.0M | Reduce -2.0% |
Portfolio Sells Q1 2025 → Q2 2025
| DFS Discover Financial Services | Sold out | 0.00% | −1.20 |
| FISV Fiserv Inc. | Reduce -0.6% | 1.91% | −0.74 |
| AAPL Apple Inc. | Reduce -3.6% | 3.53% | −0.73 |
| UNH Unitedhealth Group Inc. | Reduce -3.5% | 0.48% | −0.42 |
| PAYC Paycom Software Inc. | Reduce -40.3% | 0.59% | −0.42 |
| KMB Kimberly-Clark Corp. | Reduce -0.5% | 1.65% | −0.32 |
| XOM Exxon Mobil Corp. | Reduce -0.2% | 1.60% | −0.30 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.7% | 1.24% | −0.23 |
| PG The Procter & Gamble Co. | Reduce -2.6% | 1.06% | −0.19 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.9% | 0.51% | −0.18 |
| PEP Pepsico Inc. | Reduce -4.7% | 0.54% | −0.15 |
| MCD McDonald's Corp. | Reduce -1.6% | 0.82% | −0.14 |
| UPS United Parcel Service Class B | Reduce -41.6% | 0.13% | −0.13 |
| JNJ Johnson & Johnson | Reduce -2.4% | 0.63% | −0.12 |
| VNQ Vanguard Real Estate ETF | Reduce -27.1% | 0.23% | −0.11 |
| APD Air Products & Chemicals Inc. | Reduce -0.9% | 0.78% | −0.11 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.0% | 1.12% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -12.0% | 0.24% | −0.09 |
| BMY Bristol-Myers Squibb Co. | Reduce -20.3% | 0.11% | −0.09 |
| UNP Union Pacific Corp. | Reduce -4.1% | 0.56% | −0.08 |
| ALL Allstate Corp. | Reduce -2.5% | 0.62% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -3.1% | 0.91% | −0.07 |
| XEL Xcel Energy Inc. | Reduce -1.0% | 0.56% | −0.07 |
| NOC Northrop Grumman Corp. | Reduce -2.0% | 0.56% | −0.07 |
| CAT Caterpillar Inc. | Reduce -20.2% | 0.46% | −0.07 |
| KO The Coca-Cola Co. | Reduce -2.0% | 0.53% | −0.06 |
| DHR Danaher Corp. | Reduce -3.3% | 0.38% | −0.06 |
| PSX Phillips 66 | Reduce -4.0% | 0.33% | −0.05 |
| DOW Dow Inc. | Reduce -70.0% | 0.01% | −0.05 |
| MDT Medtronic PLC | Reduce -0.6% | 0.44% | −0.05 |
| WM Waste Management Inc. | Reduce -2.8% | 0.40% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -2.4% | 0.37% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -0.1% | 0.38% | −0.04 |
| AMGN Amgen Inc. | Reduce -2.2% | 0.19% | −0.04 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -15.5% | 0.18% | −0.04 |
| ABT Abbott Laboratories | Reduce -3.4% | 0.48% | −0.04 |
| PFE Pfizer Inc. | Reduce -14.5% | 0.11% | −0.04 |
| SBUX Starbucks Corp. | Reduce -1.1% | 0.22% | −0.04 |
| IBB iShares Biotechnology ETF | Reduce -13.8% | 0.13% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -3.9% | 0.57% | −0.03 |
| WDS Woodside Energy Group-ADR | Reduce -46.7% | 0.04% | −0.03 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.6% | 0.41% | −0.03 |
| ZTS Zoetis Inc. | Reduce -2.0% | 0.20% | −0.03 |
| ASB Associated Banc-Corp. | Reduce -2.4% | 1.70% | −0.03 |
| XLE SS Energy Select Sector | Reduce -5.8% | 0.11% | −0.03 |
| SYY Sysco Corp. | Reduce -0.7% | 0.37% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -3.9% | 0.15% | −0.03 |
| DOC Healthpeak Properties Inc. | Reduce -11.8% | 0.06% | −0.03 |
| EOG EOG Resources Inc. | Reduce -1.5% | 0.15% | −0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -7.1% | 0.10% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| COF Capital One Financial Corp. | Add +1643.8% | 1.49% | +1.41 |
| NVDA Nvidia Corp. | Add +0.9% | 4.42% | +1.19 |
| CRM Salesforce Inc. | New | 0.70% | +0.70 |
| LRCX Lam Research Corp. | Add +0.5% | 2.67% | +0.54 |
| NOW ServiceNow Inc. | Add +0.1% | 2.13% | +0.36 |
| UBER Uber Technologies Inc. | Add +10.7% | 1.29% | +0.31 |
| PM Philip Morris International | Add +1.1% | 2.84% | +0.21 |
| VWO Vanguard Ftse Emerging Marke | Add +101.1% | 0.30% | +0.15 |
| ODFL Old Dominion Freight Line | Add +291.5% | 0.19% | +0.14 |
| SCHW Schwab (charles) Corp. | Add +1.2% | 1.25% | +0.11 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +8.0% | 1.37% | +0.11 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +16.0% | 0.63% | +0.08 |
| VEU Vanguard Ftse All-World Ex-U | Add +16.6% | 0.49% | +0.08 |
| NFLX Netflix Inc. | Add +1.7% | 0.27% | +0.07 |
| VOO Vanguard S&P 500 ETF | Add +3.6% | 1.12% | +0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.2% | 0.71% | +0.07 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +27.4% | 0.23% | +0.06 |
| EFV iShares MSCI Eafe Value ETF | Add +16.8% | 0.38% | +0.05 |
| IVW iShares S&P 500 Growth ETF | Add +10.1% | 0.30% | +0.05 |
| RTX RTX Corp. | Add +1.0% | 1.44% | +0.05 |
| IEFA iShares Core MSCI Eafe ETF | Add +7.4% | 0.53% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +10.8% | 0.27% | +0.05 |
| IWF iShares Russell 1000 Growth | Add +23.8% | 0.17% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +14.8% | 0.26% | +0.04 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +32.2% | 0.20% | +0.04 |
| CSCO Cisco Systems Inc. | Add +2.4% | 0.61% | +0.04 |
| GLD SPDR Gold Shares | Add +18.8% | 0.25% | +0.04 |
| TMUS T-Mobile US Inc. | Add +50.6% | 0.17% | +0.04 |
| DIS The Walt Disney Co. | Add +0.8% | 0.21% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +2.0% | 0.43% | +0.02 |
| IVE iShares S&P 500 Value ETF | Add +10.0% | 0.39% | +0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +18.1% | 0.13% | +0.02 |
| ORCL Oracle Corp. | Add +6.3% | 0.05% | +0.02 |
| TXN Texas Instruments Inc. | Add +1.4% | 0.20% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +0.7% | 0.40% | +0.02 |
| IBM Intl Business Machines Corp. | Add +1.5% | 0.14% | +0.01 |
| SUSA iShares ESG Optimized MSCI U | New | 0.01% | +0.01 |
| ISRG Intuitive Surgical Inc. | New | 0.01% | +0.01 |
| APH Amphenol Corp. Class A | New | 0.01% | +0.01 |
| ATO Atmos Energy Corp. | New | 0.01% | +0.01 |
| FN Fabrinet | New | 0.01% | +0.01 |
| PCOR Procore Technologies Inc. | New | 0.01% | +0.01 |
| IBTI iShares Ibonds Dec 2028 Term | Add +25.8% | 0.05% | +0.01 |
| NVMI Nova Ltd. | New | 0.01% | +0.01 |
| BMI Badger Meter Inc. | New | 0.01% | +0.01 |
| CARR Carrier Global Corp. | New | 0.01% | +0.01 |
| JCI Johnson Controls Internation | New | 0.01% | +0.01 |
| AUB Atlantic Union Bankshares Co. | New | 0.01% | +0.01 |
| SYK Stryker Corp. | Add +3.7% | 0.26% | +0.01 |
| ATI Ati Inc. | New | 0.01% | +0.01 |
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 |