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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
ZD icon
3051
Ziff Davis
ZD
$1.92B
$8.15K ﹤0.01%
232
-65
-22% -$2.27K
BTX
3052
BlackRock Technology and Private Equity Term Trust
BTX
$1.03B
$8.14K ﹤0.01%
1,235
+150
+14% +$1.01K
UCON icon
3053
First Trust Smith Unconstrained Bond ETF
UCON
$3.29B
$8.11K ﹤0.01%
322
-51
-14% -$1.29K
CWEN.A
3054
DELISTED
Clearway Energy Class A
CWEN.A
$8.01K ﹤0.01%
+255
New +$7.98K
GSPY icon
3055
Gotham Enhanced 500 ETF
GSPY
$868M
$8.01K ﹤0.01%
218
+35
+19% +$1.29K
FUN icon
3056
Cedar Fair
FUN
$1.68B
$8.01K ﹤0.01%
522
-302
-37% -$5.46K
DAVA icon
3057
Endava
DAVA
$162M
$7.96K ﹤0.01%
1,259
+10
+0.8% +$77
AZTA icon
3058
Azenta
AZTA
$1.47B
$7.95K ﹤0.01%
239
+50
+26% +$1.63K
LBRDK icon
3059
Liberty Broadband Class C
LBRDK
$5.07B
$7.87K ﹤0.01%
162
-36
-18% -$1.87K
LTH icon
3060
Life Time Group Holdings
LTH
$9.9B
$7.84K ﹤0.01%
295
– –
AIP icon
3061
Arteris
AIP
$1.36B
$7.83K ﹤0.01%
+505
New +$7.32K
RA
3062
Brookfield Real Assets Income Fund
RA
$706M
$7.82K ﹤0.01%
603
– –
OSBC icon
3063
Old Second Bancorp
OSBC
$1.31B
$7.8K ﹤0.01%
400
– –
MGY icon
3064
Magnolia Oil & Gas
MGY
$6.25B
$7.77K ﹤0.01%
355
-2
-0.6% -$45
SLM icon
3065
SLM Corp
SLM
$5.26B
$7.77K ﹤0.01%
287
-77
-21% -$2.11K
RHP icon
3066
Ryman Hospitality Properties
RHP
$7.82B
$7.76K ﹤0.01%
82
– –
SPXU icon
3067
ProShares UltraPro Short S&P 500
SPXU
$378M
$7.66K ﹤0.01%
154
-2
-1% -$104
PI icon
3068
Impinj
PI
$5.49B
$7.66K ﹤0.01%
44
– –
MODD icon
3069
Modular Medical
MODD
$11.2M
$7.65K ﹤0.01%
700
– –
TRNO icon
3070
Terreno Realty
TRNO
$7.5B
$7.63K ﹤0.01%
130
-31
-19% -$1.87K
LEO
3071
BNY Mellon Strategic Municipals
LEO
$387M
$7.63K ﹤0.01%
1,200
+880
+275% +$5.52K
SSL icon
3072
Sasol
SSL
$7.17B
$7.63K ﹤0.01%
1,172
– –
PEBO icon
3073
Peoples Bancorp
PEBO
$1.48B
$7.63K ﹤0.01%
254
– –
BVN icon
3074
Compañía de Minas Buenaventura
BVN
$8.79B
$7.63K ﹤0.01%
274
+84
+44% +$2.1K
TDS icon
3075
Telephone and Data Systems
TDS
$4.03B
$7.63K ﹤0.01%
186
-5
-3% -$195
121 122
123
124 125

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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.