Associated Banc-Corp
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 24, 2025), Associated Banc-Corp reported 340 stock positions worth $3.8 billion. Its top holding was Microsoft (MSFT) at 6.0% of the portfolio, followed by Nvidia (NVDA, 4.8%) and Alphabet Class A (GOOGL, 4.5%). Compared with Q2 2025, it opened 25 new positions, sold out of 6, added to 134 and reduced 139. The biggest buy was Salesforce (CRM, shares +98%) and the biggest sale Meta Platforms Class A (META, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- Green Bay, WI
- CIK
- 0000007789
- Portfolio Value
- $3.8B (Q3 2025)
- SEC Filing
- 0000007789-25-000175 ↗ filed Oct 24, 2025
Holdings Value
Holdings 340 stocks · $3.8B
| MSFT Microsoft Corp. | 5.98% | 438,636 | $227.2M | Add +1.0% |
| NVDA Nvidia Corp. | 4.80% | 978,486 | $182.6M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 4.47% | 698,092 | $169.7M | Reduce -6.1% |
| AAPL Apple Inc. | 3.98% | 593,731 | $151.2M | Reduce -2.1% |
| JPM JPMorgan Chase & Co. | 3.28% | 395,131 | $124.6M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 3.23% | 558,140 | $122.6M | Add +10.3% |
| LRCX Lam Research Corp. | 2.95% | 836,296 | $112.0M | Reduce -13.6% |
| PM Philip Morris International | 2.40% | 562,807 | $91.3M | Add +2.4% |
| NOW ServiceNow Inc. | 1.90% | 78,237 | $72.0M | Add +7.0% |
| ASB Associated Banc-Corp. | 1.66% | 2,448,716 | $63.0M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 1.59% | 534,551 | $60.3M | Add +2.3% |
| RTX RTX Corp. | 1.56% | 353,285 | $59.1M | Add +1.4% |
| KMB Kimberly-Clark Corp. | 1.49% | 455,680 | $56.7M | Add +1.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.43% | 184,972 | $54.3M | Add +6.9% |
| META Meta Platforms Inc. Class A | 1.42% | 73,537 | $54.0M | Reduce -3.0% |
| UBER Uber Technologies Inc. | 1.33% | 515,232 | $50.5M | Add +5.3% |
| FISV Fiserv Inc. | 1.33% | 391,037 | $50.4M | Add +0.1% |
| COF Capital One Financial Corp. | 1.33% | 236,870 | $50.4M | Reduce -4.0% |
| SCHW Schwab (charles) Corp. | 1.22% | 487,084 | $46.5M | Add +0.9% |
| VOO Vanguard S&P 500 ETF | 1.22% | 75,861 | $46.5M | Add +8.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.19% | 89,567 | $45.0M | Reduce -0.2% |
| LLY Eli Lilly & Co. | 1.14% | 56,638 | $43.2M | Add +2.3% |
| CRM Salesforce Inc. | 1.12% | 179,635 | $42.6M | Add +97.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.07% | 60,746 | $40.5M | Reduce -0.5% |
| LOW Lowe's Cos Inc. | 1.00% | 151,562 | $38.1M | Add +0.5% |
| MDLZ Mondelez International Inc. Class A | 0.96% | 585,829 | $36.6M | Add +0.4% |
| BSX Boston Scientific Corp. | 0.96% | 372,443 | $36.4M | Add +0.1% |
| PG The Procter & Gamble Co. | 0.94% | 231,309 | $35.5M | Reduce -1.0% |
| CI The Cigna Group | 0.90% | 119,259 | $34.4M | Add +2.1% |
| BLK BlackRock Inc. | 0.89% | 28,926 | $33.7M | Reduce -0.3% |
| IQV Iqvia Holdings Inc. | 0.85% | 170,958 | $32.5M | Add +0.1% |
| MA Mastercard Inc. Class A | 0.84% | 56,114 | $31.9M | Reduce -1.9% |
| ETN Eaton Corp. PLC | 0.83% | 83,857 | $31.4M | Reduce -3.8% |
| MCD McDonald's Corp. | 0.80% | 99,669 | $30.3M | Add +0.3% |
| JNJ Johnson & Johnson | 0.73% | 149,170 | $27.7M | Add +2.5% |
| BSV Vanguard Short-Term Bond ETF | 0.73% | 350,421 | $27.7M | Add +3.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.71% | 105,493 | $26.8M | Add +12.2% |
| APD Air Products & Chemicals Inc. | 0.69% | 95,719 | $26.1M | Reduce -1.7% |
| CVX Chevron Corp. | 0.67% | 163,947 | $25.5M | Reduce -0.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.66% | 52,356 | $25.1M | Reduce -8.0% |
| GOOG Alphabet Inc. Class C | 0.66% | 102,324 | $24.9M | Reduce -1.0% |
| NOC Northrop Grumman Corp. | 0.64% | 39,619 | $24.1M | Reduce -0.2% |
| XLK SS Technology Select Sector | 0.62% | 83,963 | $23.7M | Reduce -1.0% |
| ALL Allstate Corp. | 0.62% | 109,054 | $23.4M | Reduce -0.4% |
| XEL Xcel Energy Inc. | 0.61% | 285,129 | $23.0M | Reduce -1.1% |
| AMP Ameriprise Financial Inc. | 0.60% | 46,389 | $22.8M | Reduce -2.9% |
| IEFA iShares Core MSCI Eafe ETF | 0.56% | 245,806 | $21.5M | Add +9.5% |
| CSCO Cisco Systems Inc. | 0.56% | 310,850 | $21.3M | Add +0.5% |
| TMO Thermo Fisher Scientific Inc. | 0.55% | 43,447 | $21.1M | Reduce -2.2% |
| CMI Cummins Inc. | 0.55% | 49,602 | $21.0M | Add +0.6% |
| VIG Vanguard Dividend Apprec ETF | 0.55% | 96,810 | $20.9M | Reduce -1.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.55% | 291,640 | $20.8M | Add +12.8% |
| UNP Union Pacific Corp. | 0.53% | 84,766 | $20.0M | Reduce -1.3% |
| CAT Caterpillar Inc. | 0.53% | 41,939 | $20.0M | Add +0.2% |
| PEP Pepsico Inc. | 0.52% | 140,915 | $19.8M | Reduce -2.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.49% | 361,890 | $18.7M | Add +0.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.48% | 55,546 | $18.2M | Add +6.3% |
| KO The Coca-Cola Co. | 0.47% | 271,811 | $18.0M | Add +2.1% |
| MDT Medtronic PLC | 0.46% | 184,793 | $17.6M | Add +3.2% |
| UNH Unitedhealth Group Inc. | 0.46% | 50,855 | $17.6M | Reduce -6.3% |
| ABT Abbott Laboratories | 0.45% | 128,811 | $17.3M | Add +3.8% |
| IVV iShares Core S&P 500 ETF | 0.44% | 25,133 | $16.8M | Add +2.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.44% | 89,805 | $16.7M | Reduce -6.4% |
| PAYC Paycom Software Inc. | 0.44% | 79,965 | $16.6M | Reduce -11.8% |
| WWD Woodward Inc. | 0.41% | 61,784 | $15.6M | Reduce -0.2% |
| IEMG iShares Core MSCI Emerging | 0.41% | 235,231 | $15.5M | Reduce -1.1% |
| SDY SS SPDR S&P Dividend ETF | 0.39% | 106,833 | $15.0M | Reduce -0.5% |
| EFV iShares MSCI Eafe Value ETF | 0.39% | 219,482 | $14.9M | Add +4.2% |
| IVE iShares S&P 500 Value ETF | 0.39% | 71,671 | $14.8M | Add +0.8% |
| BIV Vanguard Intermediate-Term B | 0.38% | 182,800 | $14.3M | Add +1.3% |
| NEE Nextera Energy Inc. | 0.37% | 188,518 | $14.2M | Add +0.1% |
| SYY Sysco Corp. | 0.37% | 172,643 | $14.2M | Reduce -0.5% |
| BND Vanguard Total Bond Market | 0.36% | 182,822 | $13.6M | Add +6.8% |
| WM Waste Management Inc. | 0.36% | 61,428 | $13.6M | Reduce -0.6% |
| PSX Phillips 66 | 0.35% | 97,406 | $13.2M | Reduce -0.8% |
| GDX Vaneck Gold Miners ETF | 0.33% | 161,789 | $12.4M | Reduce -7.7% |
| DHR Danaher Corp. | 0.32% | 62,176 | $12.3M | Reduce -7.6% |
| VWO Vanguard Ftse Emerging Marke | 0.32% | 223,127 | $12.1M | Add +5.7% |
| CMCSA Comcast Corp. Class A | 0.31% | 374,380 | $11.8M | Reduce -0.5% |
| IVW iShares S&P 500 Growth ETF | 0.31% | 96,438 | $11.6M | Reduce -0.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.30% | 18,776 | $11.3M | Add +9.9% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.30% | 38,284 | $11.2M | Add +36.8% |
| VYM Vanguard High DVD Yield ETF | 0.29% | 78,962 | $11.1M | Reduce -1.3% |
| WMT Walmart Inc. | 0.29% | 107,558 | $11.1M | Reduce -6.8% |
| IWF iShares Russell 1000 Growth | 0.29% | 23,223 | $10.9M | Add +62.4% |
| VEA Vanguard Ftse Developed ETF | 0.27% | 171,052 | $10.2M | Add +6.7% |
| ABBV Abbvie Inc. | 0.27% | 43,742 | $10.1M | Add +26.3% |
| HD Home Depot Inc. | 0.26% | 24,561 | $10.0M | Reduce -0.1% |
| IJH iShares Core S&P Midcap ETF | 0.26% | 151,185 | $9.9M | Reduce -4.0% |
| GLD SPDR Gold Shares | 0.26% | 27,273 | $9.7M | Reduce -4.6% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.25% | 54,531 | $9.5M | Add +24.1% |
| SO The Southern Co. | 0.24% | 95,669 | $9.1M | Reduce -0.8% |
| NFLX Netflix Inc. | 0.24% | 7,458 | $8.9M | Add +4.2% |
| SYK Stryker Corp. | 0.23% | 23,535 | $8.7M | Add +1.9% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.22% | 87,498 | $8.4M | Reduce -1.6% |
| MRK Merck & Co. Inc. | 0.22% | 97,859 | $8.2M | Reduce -7.2% |
| VNQ Vanguard Real Estate ETF | 0.21% | 86,472 | $7.9M | Reduce -5.0% |
| TMUS T-Mobile US Inc. | 0.21% | 32,623 | $7.8M | Add +25.9% |
| IWD iShares Russell 1000 Value E | 0.20% | 36,901 | $7.5M | Reduce -5.1% |
| ODFL Old Dominion Freight Line | 0.19% | 52,182 | $7.3M | Add +24.9% |
Portfolio Sells Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | Reduce -3.0% | 1.42% | −0.16 |
| COF Capital One Financial Corp. | Reduce -4.0% | 1.33% | −0.16 |
| PAYC Paycom Software Inc. | Reduce -11.8% | 0.44% | −0.16 |
| AMP Ameriprise Financial Inc. | Reduce -2.9% | 0.60% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -1.0% | 0.94% | −0.12 |
| APD Air Products & Chemicals Inc. | Reduce -1.7% | 0.69% | −0.09 |
| CMCSA Comcast Corp. Class A | Reduce -0.5% | 0.31% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -1.9% | 0.84% | −0.07 |
| ETN Eaton Corp. PLC | Reduce -3.8% | 0.83% | −0.06 |
| DHR Danaher Corp. | Reduce -7.6% | 0.32% | −0.05 |
| UPS United Parcel Service Class B | Reduce -19.1% | 0.08% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.2% | 1.19% | −0.05 |
| ASB Associated Banc-Corp. | Reduce -0.6% | 1.66% | −0.05 |
| DIS The Walt Disney Co. | Reduce -9.3% | 0.16% | −0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -8.0% | 0.66% | −0.05 |
| WM Waste Management Inc. | Reduce -0.6% | 0.36% | −0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -6.4% | 0.44% | −0.04 |
| TJX TJX Companies Inc. | Reduce -39.2% | 0.08% | −0.04 |
| HON Honeywell International Inc. | Reduce -2.0% | 0.18% | −0.04 |
| UNP Union Pacific Corp. | Reduce -1.3% | 0.53% | −0.03 |
| WMT Walmart Inc. | Reduce -6.8% | 0.29% | −0.03 |
| OKE Oneok Inc. | Reduce -27.4% | 0.04% | −0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -6.1% | 0.07% | −0.02 |
| EOG EOG Resources Inc. | Reduce -2.5% | 0.13% | −0.02 |
| SCHO Schwab Short-Term US Treas | Reduce -6.3% | 0.15% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.8% | 0.55% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -5.0% | 0.21% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -7.2% | 0.22% | −0.02 |
| BMY Bristol-Myers Squibb Co. | Reduce -9.2% | 0.09% | −0.02 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.5% | 0.39% | −0.02 |
| PEP Pepsico Inc. | Reduce -2.3% | 0.52% | −0.02 |
| WWD Woodward Inc. | Reduce -0.2% | 0.41% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -6.3% | 0.46% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -4.0% | 0.26% | −0.02 |
| PRU Prudential Financial Inc. | Reduce -1.4% | 0.13% | −0.02 |
| IWD iShares Russell 1000 Value E | Reduce -5.1% | 0.20% | −0.02 |
| MCHP Microchip Technology Inc. | Reduce -1.8% | 0.08% | −0.02 |
| AMGN Amgen Inc. | Reduce -2.2% | 0.17% | −0.02 |
| WDS Woodside Energy Group-ADR | Reduce -31.5% | 0.02% | −0.01 |
| AMCR Amcor PLC | Reduce -4.4% | 0.05% | −0.01 |
| SO The Southern Co. | Reduce -0.8% | 0.24% | −0.01 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -3.2% | 0.17% | −0.01 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.3% | 0.29% | −0.01 |
| RLI Rli Corp. | Sold out | 0.00% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -0.3% | 0.14% | −0.01 |
| ALL Allstate Corp. | Reduce -0.4% | 0.62% | −0.01 |
| TFC Truist Financial Corp. | Reduce -4.2% | 0.15% | −0.01 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -1.6% | 0.22% | −0.01 |
| ADP Automatic Data Processing | Reduce -0.7% | 0.06% | −0.01 |
| ADI Analog Devices Inc. | Reduce -0.5% | 0.15% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| CRM Salesforce Inc. | Add +97.8% | 1.12% | +0.42 |
| IWF iShares Russell 1000 Growth | Add +62.4% | 0.29% | +0.11 |
| RTX RTX Corp. | Add +1.4% | 1.56% | +0.11 |
| IWM iShares Russell 2000 ETF | Add +151.1% | 0.17% | +0.11 |
| VOO Vanguard S&P 500 ETF | Add +8.8% | 1.22% | +0.10 |
| JNJ Johnson & Johnson | Add +2.5% | 0.73% | +0.10 |
| CMI Cummins Inc. | Add +0.6% | 0.55% | +0.09 |
| IQV Iqvia Holdings Inc. | Add +0.1% | 0.85% | +0.09 |
| ABBV Abbvie Inc. | Add +26.3% | 0.27% | +0.08 |
| AMZN Amazon.com Inc. | Add +10.3% | 3.23% | +0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +12.2% | 0.71% | +0.07 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +36.8% | 0.30% | +0.07 |
| CAT Caterpillar Inc. | Add +0.2% | 0.53% | +0.07 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +6.9% | 1.43% | +0.06 |
| WINN Harbor Long-Term Growers ETF | New | 0.06% | +0.06 |
| VEU Vanguard Ftse All-World Ex-U | Add +12.8% | 0.55% | +0.06 |
| LOW Lowe's Cos Inc. | Add +0.5% | 1.00% | +0.05 |
| WEC WEC Energy Group Inc. | Add +64.0% | 0.12% | +0.05 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +24.1% | 0.25% | +0.05 |
| WEYS Weyco Group Inc. | New | 0.04% | +0.04 |
| UBER Uber Technologies Inc. | Add +5.3% | 1.33% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +9.5% | 0.56% | +0.03 |
| TMUS T-Mobile US Inc. | Add +25.9% | 0.21% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +6.3% | 0.48% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +9.9% | 0.30% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +5.7% | 0.32% | +0.02 |
| MDT Medtronic PLC | Add +3.2% | 0.46% | +0.02 |
| MMM 3M Co. | Add +64.4% | 0.06% | +0.02 |
| BMO Bank of Montreal | Add +38.2% | 0.06% | +0.02 |
| HRL Hormel Foods Corp. | Add +247.4% | 0.02% | +0.01 |
| EVRG Evergy Inc. | New | 0.01% | +0.01 |
| SJM The JM Smucker Co. | New | 0.01% | +0.01 |
| EFV iShares MSCI Eafe Value ETF | Add +4.2% | 0.39% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +2.8% | 0.44% | +0.01 |
| VXF Vanguard Extended Market ETF | Add +105.5% | 0.02% | +0.01 |
| GWW WW Grainger Inc. | Add +128.4% | 0.02% | +0.01 |
| INGR Ingredion Inc. | New | 0.01% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +6.7% | 0.27% | +0.01 |
| VLTO Veralto Corp. | Add +21.4% | 0.07% | +0.01 |
| GE General Electric | Add +33.2% | 0.03% | +0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +8.5% | 0.14% | +0.01 |
| ADM Archer-Daniels-Midland Co. | Add +95.5% | 0.02% | +0.01 |
| OAKM Oakmark US Large Cap ETF | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | Add +0.3% | 0.06% | +0.01 |
| BAC Bank of America Corp. | Add +0.5% | 0.49% | +0.01 |
| UL Unilever PLC | New | 0.01% | +0.01 |
| HSY The Hershey Co. | Add +64.5% | 0.02% | +0.01 |
| LHX L3HARRIS Technologies Inc. | Add +40.6% | 0.02% | +0.01 |
| SYF Synchrony Financial | New | 0.01% | +0.01 |
| AGG iShares Core U.S. Aggregate | Add +113.5% | 0.02% | +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 |