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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
PHR icon
3726
Phreesia
PHR
$780M
$321 ﹤0.01%
19
-57
-75% -$1.18K
CVSA
3727
Covista Inc
CVSA
$4.49B
$310 ﹤0.01%
3
-500
-99% -$57.3K
PR
3728
Permian Resources
PR
$17.7B
$309 ﹤0.01%
22
-869
-98% -$11.7K
UCO icon
3729
ProShares Ultra Bloomberg Crude Oil
UCO
$422M
$309 ﹤0.01%
16
– –
PTEN icon
3730
Patterson-UTI
PTEN
$4.16B
$306 ﹤0.01%
50
-9,732
-99% -$58.1K
ICCM icon
3731
IceCure Medical
ICCM
$10.3M
$305 ﹤0.01%
+17
New +$382
ATOS icon
3732
Atossa Therapeutics
ATOS
$25.5M
$295 ﹤0.01%
+33
New +$417
RLY icon
3733
State Street Multi-Asset Real Return ETF
RLY
$1.31B
$290 ﹤0.01%
9
– –
ASAN icon
3734
Asana
ASAN
$2.28B
$288 ﹤0.01%
21
-262
-93% -$3.6K
MDV
3735
Modiv Industrial
MDV
$288 ﹤0.01%
20
-274
-93% -$3.99K
ERIE icon
3736
Erie Indemnity
ERIE
$13.4B
$287 ﹤0.01%
+1
New +$298
OPK icon
3737
Opko Health
OPK
$1.04B
$287 ﹤0.01%
228
+1
+0.4% +$1
ACH
3738
Accendra Health
ACH
$84.6M
$280 ﹤0.01%
100
-14
-12% -$50
SRFM icon
3739
Surf Air Mobility
SRFM
$97.8M
$279 ﹤0.01%
+144
New +$461
JBGS
3740
JBG SMITH
JBGS
$692M
$272 ﹤0.01%
16
– –
NVRI icon
3741
Enviri
NVRI
$564M
$269 ﹤0.01%
+15
New +$224
TMQ
3742
Trilogy Metals
TMQ
$653M
$268 ﹤0.01%
62
– –
UROY
3743
Uranium Royalty Corp
UROY
$1.55B
$266 ﹤0.01%
+75
New +$293
GME.WS
3744
GameStop Corp Warrants
GME.WS
$264 ﹤0.01%
+88
New +$273
CTO
3745
CTO Realty Growth
CTO
$823M
$258 ﹤0.01%
+14
New +$239
PRGO icon
3746
Perrigo
PRGO
$1.78B
$251 ﹤0.01%
18
-139
-89% -$2.32K
QDTE icon
3747
Roundhill N-100 0DTE Covered Call Strategy ETF
QDTE
$964M
$247 ﹤0.01%
+8
New +$279
OBE
3748
Obsidian Energy
OBE
$697M
$245 ﹤0.01%
40
– –
HRTX icon
3749
Heron Therapeutics
HRTX
$63.5M
$244 ﹤0.01%
+188
New +$232
HAFN icon
3750
Hafnia
HAFN
$3.8B
$240 ﹤0.01%
+45
New +$268
148 149
150
151 152

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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.