1y return+16.8%S&P 500 +20.9%
3y return+55.0%S&P 500 +68.5%
5y return+57.6%S&P 500 +74.5%
10y return+177.3%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $277 against $357 in the S&P 500.2
Associated Banc-CorpS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| LRCXLam Research Corp | $237.0M | 5.6% | −8.7% |
| GOOGLAlphabet Inc | $227.2M | 5.4% | −2.6% |
| NVDANvidia Corporation | $194.6M | 4.6% | |
| AAPLApple Inc | $162.5M | 3.9% | −1.6% |
| MSFTMicrosoft Corp | $160.4M | 3.8% | −1.3% |
| AMZNAmazon Com Inc | $138.7M | 3.3% | |
| JPMJpmorgan Chase & Co | $124.5M | 3.0% | −1.4% |
| PMPhilip Morris Intl Inc | $93.1M | 2.2% | −11.1% |
| VOVanguard Index Fds | $83.8M | 2.0% | +2.6% |
| ASBAssociated Banc-corp | $76.3M | 1.8% | −4.2% |
| Exxon Mobil CorpCUSIP 30231G102 | $72.6M | 1.7% | |
| LLYEli Lilly & Co | $71.5M | 1.7% | |
| VOOVanguard Index Fds | $52.9M | 1.3% | +2.0% |
| BRK/BBerkshire Hathaway Inc Del | $52.1M | 1.2% | |
| ODFLOld Dominion Freight Line In | $47.4M | 1.1% | +4.1% |
| KMBKimberly-clark Corp | $47.2M | 1.1% | −3.0% |
| SCHWSchwab Charles Corp | $46.9M | 1.1% | |
| UBERUber Technologies Inc | $46.3M | 1.1% | +1.6% |
| NOWServicenow Inc | $44.1M | 1.0% | |
| SPYState Str Spdr S&p 500 Etf T | $44.0M | 1.0% | −1.4% |
| COFCapital One Finl Corp | $43.5M | 1.0% | −1.4% |
| VBVanguard Index Fds | $41.3M | 1.0% | +2.4% |
| CATCaterpillar Inc | $41.3M | 1.0% | −3.1% |
| IQVIqvia Hldgs Inc | $38.8M | 0.9% | +10.8% |
| JNJJohnson & Johnson | $38.5M | 0.9% | +5.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $194.6M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $41.3M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $71.5M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $237.0M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $227.2M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $33.5M |
| Eaton Corp PLCCUSIP G29183103 | June 30, 2020 | +387.1% | $32.4M |
| CMICummins Inc | June 30, 2020 | +311.7% | $33.3M |
| XLKSelect Sector Spdr Tr | June 30, 2020 | +264.7% | $31.1M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $124.5M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $13.1M
- VHTVanguard World Fd was $358K
- ICEIntercontinental Exchange In was $356K
- LQDIshares Tr was $298K
- ECGEverus Constr Group was $285K
- HIIHuntington Ingalls Inds Inc was $251K
- BCPCBalchem Corp was $241K
- FabrinetCUSIP G3323L100 was $223K
- KAIKadant Inc was $210K
- RBCRbc Bearings Inc was $204K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.9% | +14.8% |
| March 31, 2026 | −3.2% | −4.6% |
| December 31, 2025 | +2.2% | +2.4% |
| September 30, 2025 | +6.4% | +7.8% |
| June 30, 2025 | +7.3% | +10.5% |
| March 31, 2025 | −1.8% | −4.6% |
| December 31, 2024 | +0.5% | +2.1% |
| September 30, 2024 | +5.3% | +5.4% |
| June 30, 2024 | +2.3% | +4.0% |
| March 31, 2024 | +9.4% | +10.0% |
| December 31, 2023 | +10.2% | +11.2% |
| September 30, 2023 | −3.7% | −3.6% |
| June 30, 2023 | +6.7% | +8.3% |
| March 31, 2023 | +3.1% | +7.0% |
| December 31, 2022 | +10.2% | +7.1% |
| September 30, 2022 | −5.7% | −5.3% |
| June 30, 2022 | −13.1% | −16.5% |
| March 31, 2022 | −5.1% | −4.9% |
| December 31, 2021 | +8.6% | +10.7% |
| September 30, 2021 | −0.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Associated Banc-Corp Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=7789&type=13F-HR&dateb=&owner=include&count=40CIK 7789
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/7789/000000778926000195/Filed July 31, 2026 · accession 0000007789-26-000195