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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

Associated Banc-Corp

Quarter ended Q1 2025 · Filed May 9, 2025 · Accession 0000007789-25-000051

Total Value
$3.28B
Positions
320
Other Managers
1
Confidential Omitted
No
View on SEC.gov

Holdings (320)

#IssuerTicker / CUSIPSharesValue% of Filing
1MICROSOFT CORPMSFT439,103$164.8M5.03%
2APPLE INCAAPL629,323$139.8M4.26%
3ALPHABET INCGOOG748,336$115.7M3.53%
4NVIDIA CORPORATIONNVDA978,101$106.0M3.23%
5JPMORGAN CHASE & CO.VYLD400,489$98.2M3.00%
6AMAZON COM INCAMZN507,891$96.6M2.95%
7FISERV INCFISV392,595$86.7M2.64%
8PHILIP MORRIS INTL INC718172109543,970$86.3M2.63%
9LAM RESEARCH CORPLRCX963,390$70.0M2.14%
10KIMBERLY-CLARK CORPKMB452,675$64.4M1.96%
11EXXON MOBIL CORPXOM523,473$62.3M1.90%
12SERVICENOW INCNOW73,051$58.2M1.77%
13ASSOCIATED BANC CORPASBA2,523,619$56.9M1.73%
14BERKSHIRE HATHAWAY INC DELBRK-A90,397$48.1M1.47%
15RTX CORPORATIONRTX344,795$45.7M1.39%
16ELI LILLY & COLLY54,497$45.0M1.37%
17META PLATFORMS INCMETA76,217$43.9M1.34%
18VANGUARD INDEX FDS922908629160,187$41.4M1.26%
19PROCTER AND GAMBLE CO742718109239,910$40.9M1.25%
20MONDELEZ INTL INC609207105589,291$40.0M1.22%
21DISCOVER FINL SVCS254709108230,159$39.3M1.20%
22THE CIGNA GROUP125523100116,441$38.3M1.17%
23BOSTON SCIENTIFIC CORPBSX374,881$37.8M1.15%
24SCHWAB CHARLES CORPSCHW-PJ476,839$37.3M1.14%
25LOWES COS INC548661107150,020$35.0M1.07%
26VANGUARD INDEX FDS92290836367,270$34.6M1.05%
27SPDR S&P 500 ETF TRSPY61,070$34.2M1.04%
28PAYCOM SOFTWARE INCPAYC151,932$33.2M1.01%
29MASTERCARD INCORPORATEDMA58,972$32.3M0.99%
30UBER TECHNOLOGIES INCUBER442,013$32.2M0.98%
31MCDONALDS CORPMCD101,033$31.6M0.96%
32IQVIA HLDGS INCIQV170,422$30.0M0.92%
33UNITEDHEALTH GROUP INCUNH56,263$29.5M0.90%
34AIR PRODS & CHEMS INCAIIR98,277$29.0M0.88%
35BLACKROCK INCBLK29,343$27.8M0.85%
36CHEVRON CORP NEWCVX160,692$26.9M0.82%
37VANGUARD BD INDEX FDS921937827328,988$25.8M0.79%
38EATON CORP PLCETN94,707$25.7M0.78%
39JOHNSON & JOHNSONJNJ149,111$24.7M0.75%
40AMERIPRISE FINL INC03076C10648,219$23.3M0.71%
41ALLSTATE CORPALL-PJ112,294$23.3M0.71%
42PEPSICO INCPEP151,351$22.7M0.69%
43THERMO FISHER SCIENTIFIC INCTMO45,277$22.5M0.69%
44UNION PAC CORPUNP89,503$21.1M0.64%
45VANGUARD INDEX FDS92290873656,771$21.1M0.64%
46NORTHROP GRUMMAN CORPNOC40,518$20.7M0.63%
47XCEL ENERGY INCXELLL291,193$20.6M0.63%
48VANGUARD SPECIALIZED FUNDS921908844102,530$19.9M0.61%
49COCA COLA COKO271,785$19.5M0.59%
50SELECT SECTOR SPDR TR81369Y80392,432$19.1M0.58%
51CISCO SYS INCCSCO301,961$18.6M0.57%
52VANGUARD INDEX FDS92290875181,029$18.0M0.55%
53CATERPILLAR INCCAT52,441$17.3M0.53%
54ABBOTT LABSABLZF128,408$17.0M0.52%
55VANGUARD INDEX FDS92290874495,843$16.6M0.50%
56ALPHABET INCGOOG105,638$16.5M0.50%
57MEDTRONIC PLCMDT180,182$16.2M0.49%
58ISHARES TR46432F842209,101$15.8M0.48%
59CUMMINS INCCMI49,448$15.5M0.47%
60VANGUARD INDEX FDS92290876956,350$15.5M0.47%
61BANK AMERICA CORP060505104370,183$15.4M0.47%
62WASTE MGMT INC DEL94106L10963,539$14.7M0.45%
63SPDR SER TR78464A763107,959$14.6M0.45%
64DANAHER CORPORATION23585110269,636$14.3M0.44%
65COMCAST CORP NEWCCZ376,761$13.9M0.42%
66NEXTERA ENERGY INCNEE-PW192,917$13.7M0.42%
67ISHARES TR46428720023,965$13.5M0.41%
68VANGUARD INTL EQUITY INDEX F922042775221,822$13.5M0.41%
69VANGUARD BD INDEX FDS921937819172,364$13.2M0.40%
70SYSCO CORPSYY174,640$13.1M0.40%
71ISHARES INC46434G103236,313$12.8M0.39%
72PHILLIPS 66PSX102,343$12.6M0.39%
73VANGUARD BD INDEX FDS921937835170,387$12.5M0.38%
74ISHARES TR46428740864,648$12.3M0.38%
75WOODWARD INCWWD62,074$11.3M0.35%
76VANGUARD INDEX FDS922908553124,846$11.3M0.34%
77MERCK & CO INCMRK119,812$10.8M0.33%
78ISHARES TR464288877180,360$10.6M0.32%
79WALMART INCWMT119,471$10.5M0.32%
80VANGUARD WHITEHALL FDS92194640676,780$9.9M0.30%
81ISHARES TR464287507156,958$9.2M0.28%
82HOME DEPOT INCHD24,920$9.1M0.28%
83SOUTHERN COSOMN97,976$9.0M0.27%
84UNITED PARCEL SERVICE INCUPS79,845$8.8M0.27%
85VANECK ETF TRUST92189F106191,033$8.8M0.27%
86STRYKER CORPORATIONSYK22,262$8.3M0.25%
87STARBUCKS CORPSBUX83,752$8.2M0.25%
88ISHARES TR46428730988,298$8.2M0.25%
89ISHARES TR46428760692,747$7.7M0.24%
90AMGEN INCAMGN24,336$7.6M0.23%
91ZOETIS INCZTS45,819$7.5M0.23%
92ISHARES TR46428759839,855$7.5M0.23%
93HONEYWELL INTL INC43851610634,738$7.4M0.22%
94ISHARES TR46428770560,755$7.3M0.22%
95INVESCO QQQ TRIVZ15,422$7.2M0.22%
96ABBVIE INCABBV34,043$7.1M0.22%
97VANGUARD TAX-MANAGED FDS921943858139,552$7.1M0.22%
98SPDR GOLD TRGLD24,058$6.9M0.21%
99US BANCORP DELUSB-PS161,854$6.8M0.21%
100ISHARES TR46428780463,363$6.6M0.20%
101BRISTOL-MYERS SQUIBB COCELG-RI108,052$6.6M0.20%
102NETFLIX INCNFLX7,034$6.6M0.20%
103COLGATE PALMOLIVE COCL69,408$6.5M0.20%
104TEXAS INSTRS INC88250810433,048$5.9M0.18%
105SCHWAB STRATEGIC TR808524862242,289$5.9M0.18%
106VERIZON COMMUNICATIONS INCVZ128,642$5.8M0.18%
107DISNEY WALT CO25468710658,961$5.8M0.18%
108TRUIST FINL CORP89832Q109138,165$5.7M0.17%
109EOG RES INCEOG44,110$5.7M0.17%
110ISHARES TR46428755643,082$5.5M0.17%
111PRUDENTIAL FINL INCPUKPF48,445$5.4M0.16%
112VANGUARD INDEX FDS92290853821,964$5.4M0.16%
113VANGUARD INDEX FDS92290851233,253$5.3M0.16%
114VANGUARD INDEX FDS92290859519,829$5.0M0.15%
115PFIZER INCPFE195,644$5.0M0.15%
116SPDR S&P MIDCAP 400 ETF TRMDY9,269$4.9M0.15%
117ANALOG DEVICES INCADI24,438$4.9M0.15%
118ILLINOIS TOOL WKS INC45230810919,314$4.8M0.15%
119VISA INCV13,588$4.8M0.15%
120VANGUARD INTL EQUITY INDEX F922042858105,026$4.8M0.14%
121SELECT SECTOR SPDR TR81369Y50650,179$4.7M0.14%
122T-MOBILE US INCTMUSZ17,203$4.6M0.14%
123TJX COS INC NEW87254010935,276$4.3M0.13%
124SELECT SECTOR SPDR TR81369Y30852,211$4.3M0.13%
125ISHARES TR46428761411,549$4.2M0.13%
126EMERSON ELEC COEMR37,683$4.1M0.13%
127CVS HEALTH CORPCVS60,265$4.1M0.12%
128INTERNATIONAL BUSINESS MACHSINTR16,007$4.0M0.12%
129VERTEX PHARMACEUTICALS INCVRTX8,163$4.0M0.12%
130SELECT SECTOR SPDR TR81369Y40719,646$3.9M0.12%
131WELLS FARGO CO NEW94974610152,656$3.8M0.12%
132BOEING COBA-PA21,940$3.7M0.11%
133VANGUARD INDEX FDS92290861119,925$3.7M0.11%
134VANGUARD WORLD FD92204A7026,662$3.6M0.11%
135SELECT SECTOR SPDR TR81369Y20924,610$3.6M0.11%
136SELECT SECTOR SPDR TR81369Y60564,622$3.2M0.10%
137NIKE INCNKE50,262$3.2M0.10%
138SELECT SECTOR SPDR TR81369Y88639,521$3.1M0.10%
139FIDELITY NATL INFORMATION SV31620M10641,161$3.1M0.09%
140ISHARES TR46434VBD1115,179$2.9M0.09%
141HEALTHPEAK PROPERTIES INCDOC141,880$2.9M0.09%
142ISHARES TR46428788721,884$2.7M0.08%
143ISHARES TR46435GAA0111,979$2.7M0.08%
144SCHNEIDER NATIONAL INCSNDR115,055$2.6M0.08%
145ONEOK INC NEWOKE26,260$2.6M0.08%
146SELECT SECTOR SPDR TR81369Y70419,811$2.6M0.08%
147CAPITAL ONE FINL CORP14040H10514,151$2.5M0.08%
148ALTRIA GROUP INCMO41,567$2.5M0.08%
149ISHARES TR46428787925,398$2.5M0.08%
150WEC ENERGY GROUP INCWEC22,429$2.4M0.07%
151ISHARES TR46428765512,233$2.4M0.07%
152ISHARES TR46435UAA999,326$2.4M0.07%
153WOODSIDE ENERGY GROUP LTDWOPEF165,382$2.4M0.07%
154BERKSHIRE HATHAWAY INC DELBRK-A3$2.4M0.07%
155MICROCHIP TECHNOLOGY INC.MCHPP49,124$2.4M0.07%
156AUTOMATIC DATA PROCESSING INADP7,602$2.3M0.07%
157ISHARES TR46435U51590,863$2.3M0.07%
158CONOCOPHILLIPSCOP21,834$2.3M0.07%
159AMCOR PLCAMCCF236,260$2.3M0.07%
160NORTHERN TR CORPNTRSO23,193$2.3M0.07%
161PRICE T ROWE GROUP INCTROW24,864$2.3M0.07%
162DOW INCDOW63,060$2.2M0.07%
163ISHARES TR46428746526,672$2.2M0.07%
164ISHARES TR46428715017,746$2.2M0.07%
165AT&T INCT-PC76,536$2.2M0.07%
166BHP GROUP LTDBHPLF41,578$2.0M0.06%
167VERALTO CORPVLTO20,640$2.0M0.06%
168WEYERHAEUSER CO MTN BEWY67,955$2.0M0.06%
169ISHARES TR4642876226,144$1.9M0.06%
170INTEL CORPINTC82,169$1.9M0.06%
171AMERICAN EXPRESS COAXP6,926$1.9M0.06%
172ISHARES SILVER TRSLV59,407$1.8M0.06%
173SELECT SECTOR SPDR TR81369Y85218,424$1.8M0.05%
174OLD DOMINION FREIGHT LINE INODFL10,670$1.8M0.05%
175ISHARES TR46436E86674,475$1.7M0.05%
176ISHARES TR46436E85875,864$1.7M0.05%
177ISHARES TR46436E72679,936$1.7M0.05%
178ISHARES TR46436E20574,764$1.7M0.05%
179GENERAL MLS INC37033410428,308$1.7M0.05%
180COSTCO WHSL CORP NEW22160K1051,765$1.7M0.05%
181TESLA INCTSLA6,407$1.7M0.05%
182SCHLUMBERGER LTDSLB37,688$1.6M0.05%
183ISHARES TR46436E84169,719$1.6M0.05%
184ROCHE HLDGS AG BASEL77119510437,995$1.6M0.05%
185ZIMMER BIOMET HOLDINGS INCZBH13,474$1.5M0.05%
186HUBBELL INCHUBB4,430$1.5M0.04%
187WP CAREY INC92936U10922,007$1.4M0.04%
188CONSOLIDATED EDISON INCED12,266$1.4M0.04%
189ADOBE INCADBE3,442$1.3M0.04%
190ISHARES TR46436E83359,290$1.3M0.04%
1913M COMMM8,693$1.3M0.04%
192GOLDMAN SACHS GROUP INCGSCE2,211$1.2M0.04%
193ISHARES TR46436E82555,043$1.2M0.04%
194CSX CORPCSX40,384$1.2M0.04%
195BANK MONTREAL QUE06367110112,320$1.2M0.04%
196ENTERPRISE PRODS PARTNERS L29379210732,345$1.1M0.03%
197ISHARES TR4642871688,135$1.1M0.03%
198SELECT SECTOR SPDR TR81369Y86024,835$1.0M0.03%
199PLEXUS CORPPLXS7,893$1.0M0.03%
200DARDEN RESTAURANTS INCDRI4,828$1.0M0.03%
201PARKER-HANNIFIN CORPPH1,616$982,2850.03%
202ORACLE CORPORCL-PD7,003$979,0890.03%
203GE AEROSPACE3696043014,784$957,5170.03%
204AMETEK INCAME5,415$932,1380.03%
205NOVARTIS AGNVSEF8,325$928,0700.03%
206ISHARES TR46436E31237,050$925,8790.03%
207ISHARES TR46436E48644,249$918,1660.03%
208BROADCOM INCAVGO5,363$897,9270.03%
209SPDR SER TR78464A87010,728$870,0400.03%
210FORTIVE CORPFTV11,878$869,2320.03%
211ISHARES TR46436E13033,900$866,4840.03%
212ISHARES TR46436E59343,583$856,8410.03%
213AFLAC INCAFL7,704$856,6060.03%
214NICOLET BANKSHARES INCNIC7,775$847,1640.03%
215SELECT SECTOR SPDR TR81369Y1009,499$816,7240.02%
216BP PLCBPPFF22,866$772,6420.02%
217WELLTOWER INCWELL4,703$720,5460.02%
218TRAVELERS COMPANIES INCTRV2,695$712,7190.02%
219ISHARES TR4642874815,791$680,3840.02%
220TREX CO INCTREX11,569$672,1580.02%
221ALLIANT ENERGY CORPLNT10,342$665,5070.02%
222INVESCO EXCHANGE TRADED FD TIVZ3,779$654,6360.02%
223SCHWAB STRATEGIC TR80852430026,063$652,6170.02%
224VANGUARD CHARLOTTE FDS92203J40712,836$626,6530.02%
225TARGET CORPTGT5,962$622,1940.02%
226SCHWAB STRATEGIC TR80852420127,503$607,2660.02%
227KINDER MORGAN INC DELEP-PC21,028$599,9280.02%
228REALTY INCOME CORPO10,252$594,7180.02%
229ISHARES TR46429B6976,175$578,3500.02%
230DEERE & CODE1,225$574,9530.02%
231ISHARES TR4642888855,721$572,1000.02%
232FIDELITY WISE ORIGIN BITCOINFBTC7,942$571,5850.02%
233BARCLAYS BANK PLCVXZ16,057$566,9720.02%
234DUKE ENERGY CORP NEWDUKB4,555$555,6860.02%
235MARATHON PETE CORPMARA3,708$540,2180.02%
236LOCKHEED MARTIN CORPLMT1,198$535,1580.02%
237CHUBB LIMITEDCB1,734$523,6490.02%
238L3HARRIS TECHNOLOGIES INCLHX2,413$505,0640.02%
239PAYCHEX INCPAYX2,978$459,4450.01%
240VANGUARD MUN BD FDS9229077469,233$458,1410.01%
241WISDOMTREE TRWT5,756$456,8530.01%
242NESTLE S A6410694064,502$454,6020.01%
243ACCENTURE PLC IRELANDACN1,392$434,3590.01%
244SCHWAB STRATEGIC TR80852472215,838$426,3580.01%
245CINTAS CORPCTAS2,060$423,3910.01%
246ISHARES TR46435G5165,159$421,4380.01%
247GRAINGER W W INC384802104415$409,9480.01%
248ISHARES TR46436E46019,965$405,8880.01%
249INTERCONTINENTAL EXCHANGE IN45866F1042,307$397,9570.01%
250ISHARES TR46428822434,458$393,5100.01%
251ISHARES TR4642877212,794$392,3890.01%
252ISHARES TR46432F3392,256$385,5270.01%
253PSB HLDGS INC WIS69360N10814,958$384,4200.01%
254ISHARES TR4642874994,483$381,3670.01%
255HERSHEY COHSY2,226$380,7120.01%
256CARLISLE COS INC1423391001,107$376,9330.01%
257KLA CORPKLAC547$371,8500.01%
258MORGAN STANLEYMS-PQ3,097$361,3260.01%
259SCHWAB STRATEGIC TR80852440913,446$357,3940.01%
260CORNING INCGLW7,725$353,6490.01%
261VANGUARD WORLD FD92204A1081,071$348,6210.01%
262VANGUARD WORLD FD92204A5041,292$342,0310.01%
263FASTENAL COFAST4,398$341,0640.01%
264ROCKWELL AUTOMATION INCROK1,314$339,5100.01%
265CENTERPOINT ENERGY INCCNP9,253$335,2360.01%
266FRANKLIN RESOURCES INCBEN17,343$333,8520.01%
267KRAFT HEINZ COKHC10,953$333,2990.01%
268SEMPRASREA4,600$328,2560.01%
269AMERICAN ELEC PWR CO INC0255371012,928$319,9410.01%
270GE VERNOVA INCGEV1,048$319,9330.01%
271RLI CORPRLI3,975$319,3110.01%
272ISHARES TR46428868710,357$318,2700.01%
273ECOLAB INCECL1,244$315,3780.01%
274ENBRIDGE INCENNPF7,066$313,0940.01%
275MGE ENERGY INCMGEE3,360$312,3450.01%
276APPLIED MATLS INC0382221052,144$311,1370.01%
277HORMEL FOODS CORPHRL10,000$309,4000.01%
278REGAL REXNORD CORPORATIONRRX2,655$302,2710.01%
279BLACKSTONE INCBX2,140$299,1290.01%
280SPDR SER TR78464A3003,707$290,6280.01%
281ISHARES TR4642872262,897$286,5710.01%
282HOST HOTELS & RESORTS INCHST20,143$286,2320.01%
283CITIGROUP INCC-PR4,031$286,1600.01%
284FED AGRI MTG CORP3131481082,000$286,0000.01%
285ARCHER DANIELS MIDLAND COADM5,938$285,0830.01%
286BOOKING HOLDINGS INCBKNG61$281,0210.01%
287PAYPAL HLDGS INCPYPL4,289$279,8560.01%
288CASELLA WASTE SYS INCCWST2,482$276,7670.01%
289VANGUARD INDEX FDS9229086521,584$272,8590.01%
290GENERAL DYNAMICS CORPGD976$266,0370.01%
291QUALCOMM INCQCOM1,644$252,5340.01%
292SHIFT4 PMTS INC82452J1093,084$251,9930.01%
293INTUITINTU408$250,5070.01%
294TRANSDIGM GROUP INCTDG175$242,0750.01%
295MORNINGSTAR INCMORN782$234,4980.01%
296MICROSTRATEGY INCSTRK805$232,0570.01%
297PAYLOCITY HLDG CORPPCTY1,207$226,1190.01%
298NUTRIEN LTDNTR4,535$225,2530.01%
299SPDR SER TR78464A4092,761$221,9010.01%
300OLLIES BARGAIN OUTLET HLDGS6811161091,904$221,5490.01%
301MARSH & MCLENNAN COS INC571748102896$218,6500.01%
302VALERO ENERGY CORPVLO1,655$218,5750.01%
303OSHKOSH CORPOSK2,315$217,7950.01%
304LINDE PLCLIN464$216,0560.01%
305PROGRESSIVE CORP743315103755$213,6720.01%
306POOL CORPPOOL669$212,9760.01%
307RBC BEARINGS INCRBC653$210,1150.01%
308VANGUARD INDEX FDS922908637813$208,9650.01%
309ISHARES TR46438G6538,075$208,2170.01%
310KADANT INCKAI616$207,5360.01%
311BROWN FORMAN CORPBF-B6,065$205,8460.01%
312PALO ALTO NETWORKS INCPANW1,184$202,0370.01%
313ISHARES TR4642874731,600$201,5520.01%
314SCHWAB STRATEGIC TR80852480510,024$198,2740.01%
315KINROSS GOLD CORPKGCRF12,781$161,1680.00%
316CCC INTELLIGENT SOLUTIONS HLCCC17,298$156,2000.00%
317MANITOWOC CO INCMTW17,842$153,2620.00%
318IAMGOLD CORPIAG22,686$141,7870.00%
319CERTARA INCCERT10,169$100,6730.00%
320WELLNESS CTR USA INC94973A10312,500$10.00%