Dark Forest Capital Management’s Associated Banc-Corp ASB Stock Holding History

Dark Forest Capital Management’s Portfolio ASB Stock Details ASB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-59,835	Closed	-$1.54M	–	970
2025 Q3	$1.54M	Buy	+59,835	New	+$1.53M	0.06%	573
2023 Q4	–	Sell	-238,155	Closed	-$4.07M	–	496
2023 Q3	$4.07M	Buy	238,155 +43,859	+23%	+$772K	0.31%	22
2023 Q2	$3.15M	Buy	194,296 +186,137	+2,281%	+$3.07M	0.29%	30
2023 Q1	$147K	Buy	+8,159	New	+$179K	0.04%	528
2021 Q4	–	Sell	-762	Closed	-$16K	–	1419
2021 Q3	$16K	Sell	762 -8,684	-92%	-$176K	0.01%	879
2021 Q2	$193K	Buy	+9,446	New	+$209K	0.08%	187

Other funds holding ASB

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

NAMI

Nomura Asset Management International Philadelphia, Pennsylvania $58.4B AUM

LSV Asset Management Chicago, Illinois $46.4B AUM 27.74% 1-Year Est. Return

Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return

Verition Fund Management Greenwich, Connecticut $15.4B AUM 30.69% 1-Year Est. Return

Dark Forest Capital Management's ASB Position: Q4 2025 in Review

Dark Forest Capital Management sold out of Associated Banc-Corp (ASB) in Q4 2025, closing a stake of 59,835 shares — an estimated $1.54M sold.

Dark Forest Capital Management first reported a position in ASB in Q2 2021 and held it in 6 quarters. The position peaked at $4.07M in Q3 2023. 340 funds tracked by Wall St. Rank hold ASB as of Q4 2025.

Dark Forest Capital Management reported no remaining Associated Banc-Corp position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 59,835 Associated Banc-Corp shares in Q4 2025, an estimated $1.54M.
Dark Forest Capital Management first reported a position in Associated Banc-Corp in Q2 2021 and held it in 6 quarters.
Dark Forest Capital Management's Associated Banc-Corp position peaked at $4.07M in Q3 2023.
340 funds tracked by Wall St. Rank held Associated Banc-Corp as of Q4 2025.

Based on Dark Forest Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.