SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: ASSOCIATED BANC-CORP
Filing Type: Form 13F Information Table (Quarterly Holdings Report)
Reporting Period: The filing lists a period of "2026 Mar 31" in the metadata; however, the content represents a standard Form 13F submission detailing equity holdings as of the end of the reporting quarter. The filing discloses the investment positions managed by the company or its investment advisors.
Key Financial Metrics and Portfolio Composition
The filing does not report the company's own revenue, profit, or cash flow. Instead, it details the aggregate value and share counts of securities held. Key portfolio metrics include:
- Total Portfolio Value: The filing lists individual position values but does not provide a consolidated total portfolio value in the text provided.
- Largest Equity Holdings (by Value):
- NVIDIA CORPORATION: $170,516,634 (977,733 shares)
- ALPHABET INC (Class A): $187,741,309 (652,877 shares)
- AMAZON COM INC: $121,959,370 (585,583 shares)
- ASSOCIATED BANC-CORP (Own Stock): $66,923,613 (2,587,920 shares)
- APPLE INC: $144,870,437 (570,828 shares)
- EXXON MOBIL CORP: $90,971,012 (536,196 shares)
- JPMORGAN CHASE & CO: $113,482,221 (385,784 shares)
- PHILIP MORRIS INTL INC: $95,736,653 (579,029 shares)
- Significant ETF Holdings: The portfolio includes substantial positions in various iShares, Vanguard, and SPDR ETFs, including broad market indices (S&P 500, Total Stock Market) and sector-specific funds (Technology, Energy, Financials).
- Voting Authority: The majority of holdings are reported with "Sole" voting authority, with some positions showing "Shared" or "None" authority.
Material Changes and Observations
Note: As this is a single-period snapshot (Form 13F), the filing text does not provide comparative data against the prior quarter to calculate material changes in holdings or values. The following observations are based on the current holdings:
- Concentration Risk: The portfolio shows significant concentration in large-cap technology and energy sectors, with top holdings exceeding $90 million individually.
- Own Stock Position: The company holds a significant position in its own common stock (ASSOCIATED BANC-CORP) valued at approximately $66.9 million, with 2,322,049 shares under sole voting authority and 265,871 shares under shared authority.
- Diversification: The portfolio is diversified across hundreds of issuers, including a mix of individual equities and exchange-traded funds (ETFs) covering domestic and international markets.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not contain management commentary, forward-looking guidance, or strategic outlook statements. Form 13F is a regulatory disclosure of holdings and does not typically include narrative analysis.
Risks and Contingencies:
- Market Risk: The portfolio is exposed to general equity market volatility, particularly in the technology and energy sectors which represent a large portion of the value.
- Liquidity Risk: While most holdings are in highly liquid large-cap stocks and ETFs, the filing does not disclose specific liquidity constraints or contingent liabilities.
- Regulatory Disclaimer: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Reporting Date Discrepancy: Verify the actual reporting period. The metadata indicates "2026 Mar 31," which is a future date relative to the current real-time. Confirm if this is a typo in the metadata or a specific filing context.
- Own Stock Ownership: Confirm the strategic intent behind holding $66.9 million of the company's own stock (ASSOCIATED BANC-CORP) within this investment account.
- Top Holdings Concentration: Assess the impact of the top 5 holdings (Alphabet, Amazon, Apple, NVIDIA, JPMorgan) on the overall portfolio performance and risk profile.
- ETF Exposure: Review the specific ETF holdings to understand the passive exposure to sectors like bonds, international equities, and specific market caps (e.g., Russell 2000, S&P MidCap).
- Voting Rights: Note the split between "Sole," "Shared," and "None" voting authority, which may indicate the use of derivatives or specific custodial arrangements for certain positions.