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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
USFR icon
401
WisdomTree Floating Rate Treasury Fund
USFR
$18.4B
$22.7M 0.01%
450,881
+22,040
+5% +$1.11M
QDPL icon
402
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF
QDPL
$1.78B
$22.6M 0.01%
531,251
+185,509
+54% +$7.85M
IBDS icon
403
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$3.87B
$22.5M 0.01%
924,830
+300,871
+48% +$7.31M
ADBE icon
404
Adobe
ADBE
$108B
$22.4M 0.01%
63,865
-2,845
-4% -$968K
LMT icon
405
Lockheed Martin
LMT
$138B
$22.3M 0.01%
46,145
-1,824
-4% -$873K
VOOG icon
406
Vanguard S&P 500 Growth ETF
VOOG
$27.4B
$22.3M 0.01%
301,158
+12,474
+4% +$918K
FREL icon
407
Fidelity MSCI Real Estate Index ETF
FREL
$1.49B
$21.9M 0.01%
815,738
+54,228
+7% +$1.48M
CFA icon
408
VictoryShares US 500 Volatility Wtd ETF
CFA
$556M
$21.9M 0.01%
240,762
+8,514
+4% +$770K
IGIB icon
409
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.6B
$21.9M 0.01%
406,025
+36,539
+10% +$1.98M
FPE icon
410
First Trust Preferred Securities and Income ETF
FPE
$6.34B
$21.8M 0.01%
1,194,738
+99,273
+9% +$1.82M
EMB icon
411
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
$21.6M 0.01%
224,177
+116,706
+109% +$11.2M
CGMS icon
412
Capital Group US Multi-Sector Income ETF
CGMS
$5.42B
$21.4M 0.01%
773,736
-137,452
-15% -$3.81M
IEUR icon
413
iShares Core MSCI Europe ETF
IEUR
$9.15B
$21.3M 0.01%
300,306
-18,710
-6% -$1.3M
SHLD icon
414
Global X Defense Tech ETF
SHLD
$7.76B
$21.1M 0.01%
326,176
+162,080
+99% +$10.7M
HIMU
415
iShares High Yield Muni Active ETF
HIMU
$2.44B
$20.7M 0.01%
425,502
+40,630
+11% +$1.99M
IBHH icon
416
iShares iBonds 2028 Term High Yield and Income ETF
IBHH
$457M
$20.7M 0.01%
874,219
+549,804
+169% +$13M
JAAA icon
417
Janus Henderson AAA CLO ETF
JAAA
$29.8B
$20.7M 0.01%
408,296
+47,399
+13% +$2.4M
WFC icon
418
Wells Fargo
WFC
$266B
$20.5M 0.01%
219,528
-18,981
-8% -$1.65M
XSHQ icon
419
Invesco S&P SmallCap Quality ETF
XSHQ
$323M
$20.4M 0.01%
483,883
+20,200
+4% +$855K
SPOT icon
420
Spotify
SPOT
$102B
$20.2M 0.01%
34,708
-7,678
-18% -$4.8M
DLN icon
421
WisdomTree US LargeCap Dividend Fund
DLN
$6.45B
$20.1M 0.01%
228,083
+14,559
+7% +$1.27M
SCHV
422
Schwab US Large-Cap Value ETF
SCHV
$16.3B
$19.9M 0.01%
672,855
-11,245
-2% -$329K
BLV icon
423
Vanguard Long-Term Bond ETF
BLV
$5.73B
$19.9M 0.01%
286,415
+157,214
+122% +$11.1M
SO icon
424
Southern Company
SO
$107B
$19.9M 0.01%
227,673
+16,770
+8% +$1.53M
SCHO icon
425
Schwab Short-Term US Treasury ETF
SCHO
$13B
$19.8M 0.01%
812,517
-34,378
-4% -$838K
15 16
17
18 19

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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.