Xcel Energy Inc.
US ˙ NasdaqGS ˙ US98389B1008

SecurityXEL / Xcel Energy Inc.
InstitutionAssociated Banc-corp
Latest Disclosed Ownership284,701 shares
Latest Disclosed Value $ 22,616,646
Associated Banc-corp reports 1.41% increase in ownership of XEL / Xcel Energy Inc.

On May 1, 2026 - Associated Banc-corp filed a 13F-HR form disclosing ownership of 284,701 shares of Xcel Energy Inc. (US:XEL) valued at $22,616,647 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 280,741 shares of Xcel Energy Inc.. This represents a change in shares of 1.41% during the quarter. The current value of the position is $22,033,010 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F XCEL ENERGY COM 98389B100 284,701 3,960 1.41 22,617 9.07 0.5988
2026-02-06 2025-12-31 13F XCEL ENERGY COM 98389B100 280,741 -4,388 -1.54 20,736 -9.83 0.5308
2025-10-24 2025-09-30 13F XCEL ENERGY COM 98389B100 285,129 -3,047 -1.06 22,996 17.18 0.6052
2025-08-12 2025-06-30 13F XCEL ENERGY COM 98389B100 288,176 -3,017 -1.04 19,625 -4.80 0.5562
2025-05-09 2025-03-31 13F XCEL ENERGY COM 98389B100 291,193 -3,968 -1.34 20,614 3.43 0.6285
2025-02-10 2024-12-31 13F XCEL ENERGY COM 98389B100 295,161 -13,782 -4.46 19,929 -1.21 0.6004
2024-11-13 2024-09-30 13F XCEL ENERGY COM 98389B100 308,943 13,352 4.52 20,174 27.78 0.5930
2024-08-01 2024-06-30 13F XCEL ENERGY COM 98389B100 295,591 -2,503 -0.84 15,788 -1.47 0.4910
2024-05-09 2024-03-31 13F XCEL ENERGY COM 98389B100 298,094 3,202 1.09 16,023 -12.24 0.5079
2024-02-09 2023-12-31 13F XCEL ENERGY COM 98389B100 294,892 6,588 2.29 18,257 10.67 0.6343
2023-11-09 2023-09-30 13F XCEL ENERGY COM 98389B100 288,304 7,608 2.71 16,497 -5.47 0.6386
2023-08-07 2023-06-30 13F XCEL ENERGY COM 98389B100 280,696 -1,283 -0.45 17,451 -8.24 0.6595
2023-05-09 2023-03-31 13F XCEL ENERGY COM 98389B100 281,979 3,161 1.13 19,017 -2.72 0.7640
2023-02-10 2022-12-31 13F XCEL ENERGY COM 98389B100 278,818 2,544 0.92 19,548 10.55 0.8135
2022-11-09 2022-09-30 13F XCEL ENERGY COM 98389B100 276,274 3,332 1.22 17,681 -8.46 0.8170
2022-08-10 2022-06-30 13F XCEL ENERGY COM 98389B100 272,942 199 0.07 19,314 -1.87 0.8456
2022-05-11 2022-03-31 13F XCEL ENERGY COM 98389B100 272,743 -967 -0.35 19,683 6.22 0.7580
2022-02-10 2021-12-31 13F XCEL ENERGY COM 98389B100 273,710 -2,981 -1.08 18,530 7.15 0.6794
2021-11-08 2021-09-30 13F XCEL ENERGY COM 98389B100 276,691 -10,860 -3.78 17,293 -8.72 0.6834
2021-08-11 2021-06-30 13F XCEL ENERGY COM 98389B100 287,551 -31,074 -9.75 18,944 -1.40 0.7495
2021-05-05 2021-03-31 13F XCEL ENERGY COM 98389B100 318,625 19,810 6.63 19,213 -3.56 1.1944
2021-02-11 2020-12-31 13F XCEL ENERGY COM 98389B100 298,815 -3,676 -1.22 19,923 -4.56 0.7775
2020-11-12 2020-09-30 13F XCEL ENERGY COM 98389B100 302,491 -17,712 -5.53 20,875 4.31 0.8980
2020-08-14 2020-06-30 13F XCEL ENERGY COM 98389B100 320,203 367 0.11 20,013 3.77 0.9032
2020-05-14 2020-03-31 13F XCEL ENERGY COM 98389B100 319,836 21,141 7.08 19,286 1.70 1.0279
2020-02-12 2019-12-31 13F XCEL ENERGY COM 98389B100 298,695 -2,789 -0.93 18,964 -3.06 0.9446
2019-11-14 2019-09-30 13F XCEL ENERGY COM 98389B100 301,484 1,927 0.64 19,563 9.77 1.0519
2019-08-06 2019-06-30 13F XCEL ENERGY COM 98389B100 299,557 7,577 2.60 17,821 8.59 0.9769
2019-05-07 2019-03-31 13F XCEL ENERGY COM 98389B100 291,980 -15,491 -5.04 16,412 8.34 0.9460
2019-02-13 2018-12-31 13F XCEL ENERGY COM 98389B100 307,471 -10,865 -3.41 15,149 0.81 0.9875
2018-11-07 2018-09-30 13F XCEL ENERGY COM 98389B100 318,336 1,499 0.47 15,028 3.83 0.8336
2018-08-07 2018-06-30 13F XCEL ENERGY COM 98389B100 316,837 6,162 1.98 14,473 2.43 0.8461
2018-05-07 2018-03-31 13F XCEL ENERGY COM 98389B100 310,675 1,494 0.48 14,129 -5.02 0.8036
2018-02-07 2017-12-31 13F XCEL ENERGY COM 98389B100 309,181 -1,941 -0.62 14,875 1.04 0.8024
2017-11-13 2017-09-30 13F XCEL ENERGY COM 98389B100 311,122 1,546 0.50 14,722 3.65 0.8121
2017-08-10 2017-06-30 13F XCEL ENERGY COM 98389B100 309,576 3,071 1.00 14,204 4.26 0.8057
2017-05-12 2017-03-31 13F XCEL ENERGY COM 98389B100 306,505 1,477 0.48 13,624 9.75 0.8111
2017-02-10 2016-12-31 13F XCEL ENERGY COM 98389B100 305,028 42,202 16.06 12,414 14.81 0.7748
2016-11-10 2016-09-30 13F XCEL ENERGY COM 98389B100 262,826 3,867 1.49 10,813 -6.75 0.6883
2016-08-11 2016-06-30 13F XCEL ENERGY COM 98389B100 258,959 20,266 8.49 11,596 16.17 0.7447
2016-05-12 2016-03-31 13F XCEL ENERGY COM 98389B100 238,693 10,203 4.47 9,982 21.66 0.6557
2016-02-12 2015-12-31 13F XCEL ENERGY COM 98389B100 228,490 1,321 0.58 8,205 2.00 0.5414
2015-11-10 2015-09-30 13F XCEL ENERGY COM 98389B100 227,169 6,775 3.07 8,044 13.42 0.5611
2015-08-11 2015-06-30 13F XCEL ENERGY COM 98389B100 220,394 4,050 1.87 7,092 -5.83 0.4547
2015-05-12 2015-03-31 13F XCEL ENERGY COM 98389B100 216,344 68,627 46.46 7,531 41.93 0.4752
2015-02-12 2014-12-31 13F XCEL ENERGY COM 98389B100 147,717 325 0.22 5,306 18.41 0.3347
2014-11-05 2014-09-30 13F XCEL ENERGY COM 98389B100 147,392 2,209 1.52 4,481 -4.23 0.2941
2014-08-13 2014-06-30 13F XCEL ENERGY COM 98389B100 145,183 3,046 2.14 4,679 8.44 0.3043
2014-05-13 2014-03-31 13F XCEL ENERGY COM 98389B100 142,137 4,278 3.10 4,315 12.05 0.2976
2014-02-14 2013-12-31 13F XCEL ENERGY COM 98389B100 137,859 2,877 2.13 3,851 3.33 0.2766
2013-11-14 2013-09-30 13F XCEL ENERGY COM 98389B100 134,982 2,503 1.89 3,727 -0.75 0.2958
2013-08-13 2013-06-30 13F XCEL ENERGY COM 98389B100 132,479 132,479 3,755 0.3085
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.