Associated Banc-Corp
Long book
$3.78B
Q1 2026
Positions
332
Top-10 weight
34%
concentration
Last quarter
+11.9%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsAssociated Banc-Corp is an institutional manager, running a $3.78B US long book across 332 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALPHABET INC-CL A, NVIDIA CORP, MICROSOFT CORP, APPLE INC, LAM RESEARCH CORP.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.8%
Q2 2024
+5.8%
Q3 2024
+0.7%
Q4 2024
-1.4%
Q1 2025
+7.9%
Q2 2025
+6.8%
Q3 2025
+2.7%
Q4 2025
-2.8%
Q1 2026
+11.9%
Sector allocation
Technology 31%
Financials 17%
Industrials 13%
Healthcare 8%
Consumer discretionary 8%
Consumer staples 6%
Energy 5%
Services media 4%
Long book by quarter
What does Associated Banc-Corp own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 652.9K | $187.7M | 5.0% | -5.0% |
| NVDA NVIDIA CORP | Technology | 977.7K | $170.5M | 4.5% | 0.0% |
| MSFT MICROSOFT CORP | Technology | 435.6K | $161.2M | 4.3% | -0.2% |
| AAPL APPLE INC | Technology | 570.8K | $144.9M | 3.8% | -1.7% |
| LRCX LAM RESEARCH CORP | Industrials | 599.0K | $128.0M | 3.4% | -22.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 585.6K | $122.0M | 3.2% | +0.7% |
| JPM JPMORGAN CHASE & CO | Financials | 385.8K | $113.5M | 3.0% | -1.9% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 579.0K | $95.7M | 2.5% | +1.6% |
| XOM EXXON MOBIL CORP | Energy | 536.2K | $91.0M | 2.4% | -0.6% |
| ASB ASSOCIATED BANC-CORP | Financials | 2.6M | $66.9M | 1.8% | -1.7% |
| LLY ELI LILLY & CO | Healthcare | 59.1K | $54.3M | 1.4% | +1.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 104.2K | $49.9M | 1.3% | +8.4% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 507.7K | $47.7M | 1.3% | +0.7% |
| NOW SERVICENOW INC | Technology | 441.0K | $46.1M | 1.2% | +10.5% |
| UBER UBER TECHNOLOGIES INC | Services media | 631.2K | $45.4M | 1.2% | +10.7% |
| CRM SALESFORCE INC | Technology | 233.9K | $43.7M | 1.2% | +10.1% |
| KMB KIMBERLY-CLARK CORP | Other | 443.5K | $42.8M | 1.1% | -0.5% |
| ODFL OLD DOMINION FREIGHT LINE | Industrials | 210.2K | $41.1M | 1.1% | +67.1% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 219.9K | $40.1M | 1.1% | -6.2% |
| NFLX NETFLIX INC | Services media | 397.8K | $38.3M | 1.0% | +291.8% |
| META META PLATFORMS INC-CLASS A | Technology | 65.0K | $37.2M | 1.0% | -7.2% |
| LOW LOWE'S COS INC | Consumer discretionary | 155.5K | $36.7M | 1.0% | +0.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 143.3K | $35.0M | 0.9% | -2.2% |
| RTX RTX CORP | Industrials | 174.6K | $33.7M | 0.9% | -51.4% |
| CVX CHEVRON CORP | Energy | 159.5K | $33.0M | 0.9% | +0.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 218.1K | $31.5M | 0.8% | -2.4% |
| IQV IQVIA HOLDINGS INC | Healthcare | 181.0K | $30.9M | 0.8% | +2.7% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 480.4K | $30.1M | 0.8% | +28.5% |
| MCD MCDONALD'S CORP | Consumer discretionary | 96.0K | $29.9M | 0.8% | -2.2% |
| CI THE CIGNA GROUP | Financials | 111.8K | $29.8M | 0.8% | -6.3% |
| CAT CATERPILLAR INC | Industrials | 40.0K | $28.3M | 0.7% | -2.9% |
| ETN EATON CORP PLC | Industrials | 78.1K | $27.9M | 0.7% | -4.1% |
| BLK BLACKROCK INC | Financials | 29.1K | $27.9M | 0.7% | +0.6% |
| MA MASTERCARD INC - A | Services media | 55.9K | $27.9M | 0.7% | -0.7% |
| GOOG ALPHABET INC-CL C | Technology | 95.7K | $27.5M | 0.7% | -3.5% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 93.8K | $27.3M | 0.7% | -0.7% |
| CMI CUMMINS INC | Industrials | 47.8K | $25.7M | 0.7% | -0.8% |
| NOC NORTHROP GRUMMAN CORP | Technology | 37.7K | $25.7M | 0.7% | -5.8% |
| CSCO CISCO SYSTEMS INC | Technology | 318.2K | $24.7M | 0.7% | +0.7% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 422.0K | $24.3M | 0.6% | -25.7% |
| UNP UNION PACIFIC CORP | Industrials | 93.8K | $22.7M | 0.6% | +4.5% |
| XEL XCEL ENERGY INC | Utilities | 284.7K | $22.6M | 0.6% | +1.4% |
| ALL ALLSTATE CORP | Financials | 106.9K | $22.2M | 0.6% | -1.0% |
| WWD WOODWARD INC | Industrials | 61.2K | $21.9M | 0.6% | -0.4% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 43.2K | $21.2M | 0.6% | -0.7% |
| PEP PEPSICO INC | Consumer staples | 135.0K | $21.0M | 0.6% | -2.5% |
| KO COCA-COLA CO/THE | Consumer staples | 269.7K | $20.5M | 0.5% | +0.5% |
| AMP AMERIPRISE FINANCIAL INC | Financials | 45.4K | $20.2M | 0.5% | -2.2% |
| BAC BANK OF AMERICA CORP | Financials | 371.9K | $18.1M | 0.5% | +2.0% |
| PSX PHILLIPS 66 | Energy | 97.3K | $17.7M | 0.5% | +0.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 332 | $3.78B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 333 | $3.91B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 340 | $3.80B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 321 | $3.53B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 320 | $3.28B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 317 | $3.32B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 328 | $3.40B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2024 | 315 | $3.22B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 314 | $3.15B | canonical | SEC ↗ |
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