Associated Banc-Corp

ASB • NYSE

Associated Banc-Corp is a banks - regional company in the financial services sector on NYSE, led by Andrew J. Harmening, with a market cap of $4.5B. As of Q3 2025, 84% of shares are held by 308 institutional investors, with BlackRock, Inc. as the largest holder at 12.46%.

CEOAndrew J. Harmening

Market Cap$4.5B

Banks - Regional

Financial Services

Employees4.1K

Websiteassociatedbank.com

Country

United States of America

Overview

Overview of institutional ownership in ASB as of Q3 2025 with a market cap of $4.3B

All Institutions

Institutions: 308
Value Held: $3.6B
Shares Held: 140.1M
Avg Position: $11.7M
Median Position: $700.2K

Hedge Funds

Hedge Funds: 28
Value Held: $348.1M
Shares Held: 13.5M
Avg Position: $12.4M
Median Position: $5.3M

Ownership Breakdown

Institutional (non-HF)

76.29%

$3.3B

Hedge Funds

8.16%

$348.1M

Retail & Other

15.54%

$662.7M

Based on market cap of $4.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ASB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$531.4M 0.01% of portfolio	12.46% 20.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$462.6M 0.01% of portfolio	10.85% 18.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
FMR LLC Institution	-	$357.8M 0.02% of portfolio	8.39% 13.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$253.2M 0.05% of portfolio	5.94% 9.8M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$220.2M 0.01% of portfolio	5.16% 8.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
M MACQUARIE GROUP LTD Institution	-	$108.6M 0.13% of portfolio	2.55% 4.2M shares	Q3 2019 Held for 6y 2m	$82.9B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$104.8M 0.01% of portfolio	2.46% 4.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$94.4M 0.08% of portfolio	2.21% 3.7M shares	Q1 2014 Held for 11y 8m	$122.08B
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$93.2M 0.21% of portfolio	2.19% 3.6M shares	≤ Q2 2013 Held for 12y 5m+	$45.1B
A AMERICAN CENTURY COMPANIES INC Institution	-	$67.6M 0.03% of portfolio	1.59% 2.6M shares	Q4 2019 Held for 5y 11m	$195.93B

Net Capital Flow

Institutional buying and selling activity for ASB in Q3 2025

Traded: +$44.3M
Buyers: 144
Sellers: 125
Total Bought: +$255.7M
Total Sold: −$211.4M
Avg Position: $10.8M

Biggest Buyers

Institution	Net Bought	Current Position
FIRST TRUST ADVISORS LP ETF Provider	+$49.8M +1.9M shares	$57.2M 2.2M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$34.9M +1.4M shares	$35.6M 1.4M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$16.6M +646.0K shares	$94.4M 3.7M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$16.6M +645.7K shares	$67.6M 2.6M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$12.4M +483.8K shares	$12.8M 499.3K shares
UBS Group AG Institution	+$9.4M +365.4K shares	$18.5M 720.9K shares
Q Qube Research & Technologies Ltd Institution	+$9.1M +354.4K shares	$15.5M 604.4K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	+$9.0M +349.3K shares	$19.6M 763.0K shares
J JANE STREET GROUP, LLC Institution	+$7.0M +271.0K shares	$14.7M 573.4K shares
FRANKLIN RESOURCES INC Institution	+$6.5M +253.6K shares	$9.0M 349.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$31.4M −1.2M shares	$10.3M 401.9K shares
FMR LLC Institution	−$25.4M −988.2K shares	$357.8M 13.9M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$15.6M −640.1K shares	Sold Off 0 shares
M MACQUARIE GROUP LTD Institution	−$10.3M −401.3K shares	$108.6M 4.2M shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	−$10.2M −417.5K shares	Sold Off 0 shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$10.0M −388.1K shares	$36.7M 1.4M shares
Allspring Global Investments Holdings, LLC Long Only Manager	−$8.2M −320.9K shares	$41.0M 1.6M shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	−$7.6M −296.7K shares	$28.4M 1.1M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$7.2M −278.3K shares	$8.8M 343.8K shares
B BlackRock, Inc. Institution	−$6.8M −264.8K shares	$531.4M 20.7M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ASB in Q3 2025

New Positions: 11
New Value: $3.6M
Exited Positions: 24
Exited Value: $37.9M

New Positions

Institution	Position Value
M Mubadala Investment Co PJSC Institution	$2.6M 101.8K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$353.6K 13.8K shares
V Vise Technologies, Inc. Institution	$296.6K 11.5K shares
Forum Financial Management, LP RIA/Wealth	$218.3K 8.5K shares
R Root Financial Partners, LLC RIA/Wealth	$69.1K 2.7K shares
Sontag Advisory, LLC RIA/Wealth	$48.6K 1.9K shares
W WHITE BAY PT LLC Institution	$15.3K 596.0 shares
Sunbelt Securities, Inc. RIA/Wealth	$4.2K 162.0 shares
U UMA Financial Services, Inc. RIA/Wealth	$1.4K 56.0 shares
R Retirement Wealth Solutions LLC RIA/Wealth	$1.3K 51.0 shares

Exited Positions

Institution	Previous Position
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$15.6M 640.1K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$10.2M 417.5K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$3.2M 131.5K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.6M 67.1K shares
F FOX RUN MANAGEMENT, L.L.C. Hedge Fund•Quant	$1.2M 49.2K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$1.2M 47.9K shares
Lighthouse Investment Partners, LLC Fund of Funds	$1.0M 41.8K shares
S SG Americas Securities, LLC Institution	$874.8K 35.9K shares
1 111 Capital Institution	$821.4K 33.7K shares
ARGA Investment Management, LP Long Only Manager	$423.8K 17.4K shares

Options Activity

Institutions with the largest Call and Put options positions in ASB as of Q3 2025

Call Positions: 2
Call Value: $660.7K
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$431.9K 168.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$228.8K 89.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with ASB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
R rhino investment partners, Inc Hedge Fund•Value	John Keith Schneider President	6.05% $18.7M	0.44% 727.9K shares	Q1 2024 Held for 1y 8m	$309.3M
ASSOCIATED BANC-CORP Institution	Andrew J. Harmening CEO	1.66% $63.0M	1.48% 2.4M shares	≤ Q2 2013 Held for 12y 5m+	$3.8B
H HEARTLAND ADVISORS INC Long Only Manager	William Richard Nasgovitz CEO	1.19% $22.6M	0.53% 877.8K shares	Q3 2016 Held for 9y 2m	$1.9B
Leeward Investments, LLC - MA Long Only Manager	R. Todd Vingers President	0.98% $19.2M	0.45% 748.6K shares	Q1 2025 Held for 8 months	$2.0B
Jackson Creek Investment Advisors LLC Long Only Manager	Mark Frederick Jaeger Managing Partner	0.51% $1.8M	0.04% 68.8K shares	Q3 2025 Held for 2 months	$345.2M
L Legacy Private Trust Co. Institution	-	0.40% $6.7M	0.16% 261.3K shares	≤ Q2 2013 Held for 12y 5m+	$1.7B
A Alamea Verwaltungs GmbH Institution	-	0.39% $566.8K	0.01% 22.0K shares	Q2 2025 Held for 5 months	$146.4M
Quest Partners LLC Hedge Fund•Quant Macro	Nigol (Nmn) Koulajian Founder	0.33% $5.0M	0.12% 194.9K shares	Q2 2024 Held for 1y 5m	$1.5B
Verition Fund Management LLC Hedge Fund•Multi-Strategy	Nicholas Matthew Maounis CEO	0.29% $48.9M	1.15% 1.9M shares	Q2 2019 Held for 6y 5m	$16.7B
Interval Partners, LLC Hedge Fund•Long/Short	Raymond Peter Fernandez President	0.29% $13.6M	0.32% 527.5K shares	Q1 2022 Held for 3y 8m	$4.7B