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Northwestern Mutual Wealth Management Portfolio holdings
AUM
$187B
1-Year Est. Return
21.7%
This Fund
S&P 500
This Quarter
Est. Return
+12.99%
1 Year Est. Return
+21.7%
3 Year Est. Return
+54.04%
5 Year Est. Return
+49.64%
10 Year Est. Return
+163.71%
AUM
$187B
AUM Growth
+$24.8B
(+15%)
Cap. Flow
+$5.71B
Cap. Flow
% of AUM
3.05%
Top 10 Holdings %
Top 10 Hldgs %
46.31%
Holding
4,584
New
471
Increased
1,743
Reduced
1,372
Closed
496
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Avantis US Large Cap Value ETF
AVLV
|
+$2.63B |
| 2 |
Schwab US REIT ETF
SCHH
|
+$984M |
| 3 |
Vanguard Total Bond Market
BND
|
+$474M |
| 4 |
Vanguard Real Estate ETF
VNQ
|
+$394M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$307M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Value Factor ETF
VLUE
|
+$3.53B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$462M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$148M |
| 4 |
Marvell Technology
MRVL
|
+$74.7M |
| 5 |
American Century US Quality Growth ETF
QGRO
|
+$66.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 90.71% |
| 2 | Technology | 3.86% |
| 3 | Financials | 1.11% |
| 4 | Communication Services | 1.07% |
| 5 | Consumer Discretionary | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$848B
| $26.2B | 14.01% |
35,018,846
+421,146
| +1% | +$307M |
|
|
2
Vanguard Total Bond Market
BND
$160B
| $10.4B | 5.54% |
141,274,305
+6,457,740
| +5% | +$474M |
|
3
iShares Core S&P Mid-Cap ETF
IJH
$123B
| $10.2B | 5.47% |
132,841,270
+4,017,678
| +3% | +$295M |
|
4
Schwab International Equity ETF
SCHF
$68.9B
| $8.57B | 4.58% |
309,394,253
+7,107,519
| +2% | +$192M |
|
5
iShares Core S&P Small-Cap ETF
IJR
$106B
| $6.61B | 3.53% |
44,570,998
+1,132,592
| +3% | +$155M |
|
6
Invesco S&P 500 Equal Weight ETF
RSP
$96.8B
| $6B | 3.21% |
28,221,905
+1,127,032
| +4% | +$231M |
|
7
Vanguard FTSE Developed Markets ETF
VEA
$235B
| $4.76B | 2.54% |
66,823,471
+2,675,380
| +4% | +$186M |
|
8
State Street SPDR S&P 500 ETF Trust
SPY
$796B
| $4.66B | 2.49% |
6,238,087
+125,684
| +2% | +$91.1M |
|
|
9
Vanguard FTSE Emerging Markets ETF
VWO
$127B
| $4.63B | 2.48% |
77,649,601
-2,510,518
| -3% | -$148M |
|
10
Fidelity Total Bond ETF
FBND
$27.9B
| $4.62B | 2.47% |
101,656,759
+5,802,903
| +6% | +$265M |
|
11
iShares Core MSCI EAFE ETF
IEFA
$193B
| $3.6B | 1.92% |
37,299,272
+956,990
| +3% | +$91.9M |
|
|
12
iShares 20+ Year Treasury Bond ETF
TLT
$46.3B
| $3.37B | 1.8% |
38,995,705
-5,384,687
| -12% | -$462M |
|
|
13
Avantis US Large Cap Value ETF
AVLV
$21.4B
| $2.95B | 1.58% |
32,368,237
+29,966,939
| +1,248% | +$2.63B |
|
14
iShares MSCI Intl Quality Factor ETF
IQLT
$13.8B
| $2.92B | 1.56% |
59,026,522
+2,291,016
| +4% | +$112M |
|
15
Invesco QQQ Trust
QQQ
$502B
| $2.34B | 1.25% |
3,173,768
-8,420
| -0.3% | -$5.79M |
|
16
Vanguard S&P 500 ETF
VOO
$1.06T
| $2.21B | 1.18% |
3,216,197
+328,622
| +11% | +$219M |
|
17
Vanguard Morningstar Mid-Cap ETF
VO
$105B
| $1.96B | 1.05% |
24,385,742
-850,386
| -3% | -$65.9M |
|
18
Vanguard Tax-Exempt Bond Index Fund
VTEB
$44.5B
| $1.93B | 1.03% |
38,222,195
-349,357
| -0.9% | -$17.6M |
|
19
Dimensional International Value ETF
DFIV
$21.9B
| $1.81B | 0.97% |
33,545,101
+2,369,200
| +8% | +$130M |
|
20
iShares Core MSCI Emerging Markets ETF
IEMG
$163B
| $1.67B | 0.89% |
20,134,881
+694,606
| +4% | +$55.4M |
|
|
21
Vanguard Real Estate ETF
VNQ
$35.9B
| $1.63B | 0.87% |
16,949,846
+4,118,355
| +32% | +$394M |
|
22
iShares Core Universal USD Bond ETF
IUSB
$43.5B
| $1.54B | 0.82% |
33,421,651
+3,083,604
| +10% | +$142M |
|
23
iShares Core US Aggregate Bond ETF
AGG
$136B
| $1.27B | 0.68% |
12,874,193
-88,615
| -0.7% | -$8.77M |
|
24
NVIDIA
NVDA
$5.43T
| $1.19B | 0.63% |
5,923,023
+126,986
| +2% | +$26.1M |
|
|
25
Schwab US REIT ETF
SCHH
$10.6B
| $1.18B | 0.63% |
49,794,731
+42,224,379
| +558% | +$984M |
|
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Northwestern Mutual Wealth Management's Q2 2026 Portfolio in Review
As of Q2 2026, Northwestern Mutual Wealth Management held 4,584 positions worth $187B, up 15% from $162B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Northwestern Mutual Wealth Management deployed $5.71B of net new capital in Q2 2026, opening 471 new positions and adding to 1,743 existing holdings. Its largest new stake was Cohen & Steers Real Estate Active ETF: 1,031,995 shares worth $29.3M.
By sector, the portfolio is most concentrated in Miscellaneous at 91% of assets, down from 91% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares MSCI USA Value Factor ETF, an estimated $3.53B trimmed.
- Northwestern Mutual Wealth Management's largest Q2 2026 buy was Cohen & Steers Real Estate Active ETF: 1,031,995 shares worth $29.3M.
- Northwestern Mutual Wealth Management added most to Avantis US Large Cap Value ETF in Q2 2026, an estimated $2.63B increase.
- Northwestern Mutual Wealth Management's biggest Q2 2026 reduction was iShares MSCI USA Value Factor ETF, cutting an estimated $3.53B.
- Northwestern Mutual Wealth Management fully exited iShares iBonds 1-5 Year Corporate Ladder ETF in Q2 2026, selling an estimated $3.38M.
- Northwestern Mutual Wealth Management's ten largest holdings make up 46% of its $187B portfolio in Q2 2026.
- Northwestern Mutual Wealth Management opened 471 new positions and closed 496 in Q2 2026.
- Northwestern Mutual Wealth Management's portfolio value rose 15% quarter-over-quarter to $187B.
Based on Northwestern Mutual Wealth Management's 13F filing for Q2 2026, filed 12 Aug 2026.