13F-HR: Associated Banc-Corp Discloses Q4 2025 Equity Holdings

Associated Banc-Corp filed its quarterly 13F-HR report, revealing $3.91 billion in equity holdings across 333 positions as of December 31, 2025.

Summary

• Associated Banc-Corp, an institutional investment manager, filed its Form 13F-HR for the calendar quarter ended December 31, 2025.
• The report discloses total equity holdings valued at $3,906,295,294.
• The portfolio consists of 333 distinct equity positions.
• One other manager, Associated Trust Company, National Association, is included in this report.
• Jayne C. Hladio, EVP, President of Private Wealth, signed the report on February 6, 2026, from Milwaukee, WI.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral filing. A 13F-HR is a routine regulatory disclosure of past holdings, providing transparency but not offering new operational or financial performance insights for the filing entity.

Positives

• Transparency in disclosing significant equity holdings as required by regulatory bodies.
• Management of a substantial equity portfolio valued at over $3.9 billion, indicating significant assets under management.

Negatives

• The filing does not contain information that would be categorized as negatives regarding the institutional investment manager's operations or financial health.

Risks

• The filing, being a Form 13F-HR, does not contain specific disclosures regarding the risks of Associated Banc-Corp's operations or financial position.

Future Outlook

The Form 13F-HR is a historical disclosure of equity holdings and does not typically include forward-looking statements or guidance from the institutional investment manager.

Management Comments

• Jayne C. Hladio, EVP, President of Private Wealth, signed the report, representing that the person signing is authorized to submit it and that all information is true, correct, and complete.

Industry Context

StockSavvy.ai notes that Form 13F filings provide crucial transparency into the investment strategies of large institutional managers like Associated Banc-Corp. These disclosures, while backward-looking, allow market participants to observe portfolio allocations and identify trends among major players, influencing sentiment and potentially revealing popular or out-of-favor sectors. The reported $3.91 billion in holdings positions Associated Banc-Corp as a significant, albeit not top-tier, institutional investor in the U.S. equity market.

Comparison to Industry Standards

• As a 13F filing, direct comparisons to industry-specific operational or financial benchmarks are not applicable.
• In terms of portfolio size, Associated Banc-Corp's $3.91 billion in disclosed equity holdings is substantial for a regional bank's wealth management arm, though it is considerably smaller than the multi-hundred-billion or trillion-dollar portfolios managed by global giants like BlackRock, Vanguard, or State Street. For instance, BlackRock's Q4 2025 13F filings would typically show holdings in the trillions, while a smaller regional bank's wealth management division might manage assets in the low billions.

Stakeholder Impact

• Shareholders: Provides transparency into the equity investment strategy and portfolio composition managed by Associated Banc-Corp's private wealth division.
• Investment Professionals: Offers insights into the investment trends and specific holdings of a significant institutional investor.

Next Steps

• The filing does not specify any future actions, events, or milestones for Associated Banc-Corp.

Key Dates

Recommendation

This Form 13F-HR is a routine disclosure of historical equity holdings and does not provide sufficient new information regarding Associated Banc-Corp's operational performance, financial health, or strategic direction to warrant a change in investment recommendation. It primarily offers transparency into the firm's investment management activities, which is a standard part of its business.

Keywords

Associated Banc-Corp, 13F-HR, SEC Filing, Equity Holdings, Institutional Investor, Portfolio Disclosure, Investment Management, Q4 2025