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Northwestern Mutual Wealth Management

Northwestern Mutual Wealth Management Portfolio holdings

AUM $187B
1-Year Est. Return 21.7%
This Fund
S&P 500
This Quarter Est. Return
+2.04%
1 Year Est. Return
+21.7%
3 Year Est. Return
+54.04%
5 Year Est. Return
+49.64%
10 Year Est. Return
+166.47%
AUM
$158B
AUM Growth
+$8.1B
Cap. Flow
+$5.39B
Cap. Flow %
3.41%
Top 10 Hldgs %
47.3%
Holding
4,314
New
520
Increased
1,834
Reduced
1,140
Closed
305

Top Buys

Rank Stock Value
1
BND icon
Vanguard Total Bond Market
BND
+$319M
2
SCHF icon
Schwab International Equity ETF
SCHF
+$291M
3
IVV icon
iShares Core S&P 500 ETF
IVV
+$278M
4
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$230M
5
DYNF icon
BlackRock US Equity Factor Rotation ETF
DYNF
+$188M

Top Sells

Rank Stock Value
1
DBEF icon
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
+$94.4M
2
LYFT icon
Lyft
LYFT
+$74.6M
3
COWZ icon
Pacer US Cash Cows 100 ETF
COWZ
+$62.5M
4
UBER icon
Uber
UBER
+$56.9M
5
FISV
Fiserv Inc
FISV
+$53.1M

Sector Composition

Rank Sector Weight
1 Technology 3.39%
2 Financials 1.32%
3 Communication Services 1.17%
4 Consumer Discretionary 1.04%
5 Industrials 0.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MTBA icon
3026
Simplify MBS ETF
MTBA
$1.5B
$8.77K ﹤0.01%
174
-203
-54% -$10.2K
PML
3027
PIMCO Municipal Income Fund II
PML
$497M
$8.77K ﹤0.01%
1,163
-6,206
-84% -$48.2K
PSO icon
3028
Pearson
PSO
$9.78B
$8.76K ﹤0.01%
624
+16
+3% +$221
MANU icon
3029
Manchester United
MANU
$3.94B
$8.72K ﹤0.01%
548
+31
+6% +$501
ADMA icon
3030
ADMA Biologics
ADMA
$2.11B
$8.72K ﹤0.01%
+478
New +$8.06K
FRO icon
3031
Frontline
FRO
$9.02B
$8.71K ﹤0.01%
399
-477
-54% -$11.2K
PCTY icon
3032
Paylocity
PCTY
$8.1B
$8.69K ﹤0.01%
57
-188
-77% -$28K
CWEN icon
3033
Clearway Energy Class C
CWEN
$7.06B
$8.68K ﹤0.01%
261
-6,709
-96% -$223K
OMER icon
3034
Omeros
OMER
$1.26B
$8.59K ﹤0.01%
500
– –
ECON icon
3035
Columbia Emerging Markets Consumer ETF
ECON
$313M
$8.53K ﹤0.01%
+312
New +$8.51K
WAY
3036
Waystar Holding Corp
WAY
$4.81B
$8.52K ﹤0.01%
260
– –
GAB icon
3037
Gabelli Equity Trust
GAB
$1.81B
$8.46K ﹤0.01%
1,371
– –
AVT icon
3038
Avnet
AVT
$7.87B
$8.41K ﹤0.01%
175
-26
-13% -$1.28K
HDUS
3039
Hartford Disciplined US Equity ETF
HDUS
$213M
$8.41K ﹤0.01%
+129
New +$8.38K
QS icon
3040
QuantumScape Corp
QS
$3.79B
$8.38K ﹤0.01%
804
+173
+27% +$2.38K
SLQT icon
3041
SelectQuote
SLQT
$126M
$8.34K ﹤0.01%
5,915
– –
AMH icon
3042
American Homes 4 Rent
AMH
$12.2B
$8.31K ﹤0.01%
259
– –
HLMN icon
3043
Hillman Solutions
HLMN
$1.73B
$8.3K ﹤0.01%
958
– –
MMSI icon
3044
Merit Medical Systems
MMSI
$5.45B
$8.29K ﹤0.01%
94
-96
-51% -$8.17K
HIO
3045
Western Asset High Income Opportunity Fund
HIO
$340M
$8.26K ﹤0.01%
+2,227
New +$8.44K
ZMAR
3046
Innovator Equity Defined Protection ETF - 1 Yr March
ZMAR
$114M
$8.25K ﹤0.01%
+300
New +$8.17K
AAON icon
3047
Aaon
AAON
$7.23B
$8.23K ﹤0.01%
108
-22
-17% -$2.03K
MOTI icon
3048
VanEck Morningstar International Moat ETF
MOTI
$75.7M
$8.22K ﹤0.01%
+224
New +$8.41K
RVLV icon
3049
Revolve Group
RVLV
$1.69B
$8.21K ﹤0.01%
272
+27
+11% +$652
SSRM icon
3050
SSR Mining
SSRM
$6.49B
$8.2K ﹤0.01%
374
+294
+368% +$6.54K
120 121
122
123 124

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Northwestern Mutual Wealth Management's Q4 2025 Portfolio in Review

As of Q4 2025, Northwestern Mutual Wealth Management held 4,314 positions worth $158B, up 5.4% from $150B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Northwestern Mutual Wealth Management deployed $5.39B of net new capital in Q4 2025, opening 520 new positions and adding to 1,834 existing holdings. Its largest new stake was Bluerock Private Real Estate Fund: 4,287,735 shares worth $64.3M.

By sector, the portfolio is most concentrated in Technology at 3.4% of assets, down from 3.6% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was Xtrackers MSCI EAFE Hedged Equity ETF, an estimated $94.4M trimmed.

  • Northwestern Mutual Wealth Management's largest Q4 2025 buy was Bluerock Private Real Estate Fund: 4,287,735 shares worth $64.3M.
  • Northwestern Mutual Wealth Management added most to Vanguard Total Bond Market in Q4 2025, an estimated $319M increase.
  • Northwestern Mutual Wealth Management's biggest Q4 2025 reduction was Xtrackers MSCI EAFE Hedged Equity ETF, cutting an estimated $94.4M.
  • Northwestern Mutual Wealth Management fully exited iShares iBonds Dec 2025 Term Corporate ETF in Q4 2025, selling an estimated $17.2M.
  • Northwestern Mutual Wealth Management's ten largest holdings make up 47% of its $158B portfolio in Q4 2025.
  • Northwestern Mutual Wealth Management opened 520 new positions and closed 305 in Q4 2025.
  • Northwestern Mutual Wealth Management's portfolio value rose 5.4% quarter-over-quarter to $158B.

Based on Northwestern Mutual Wealth Management's 13F filing for Q4 2025, filed 5 Feb 2026.