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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
+6.14%
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
$150B
AUM Growth
+$12.8B
Cap. Flow
+$4.59B
Cap. Flow %
3.06%
Top 10 Hldgs %
48.08%
Holding
4,104
New
448
Increased
1,772
Reduced
1,075
Closed
310

Top Buys

Rank Stock Value
1
IQLT icon
iShares MSCI Intl Quality Factor ETF
IQLT
+$828M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$605M
3
BND icon
Vanguard Total Bond Market
BND
+$310M
4
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$179M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$177M

Top Sells

Rank Stock Value
1
SCHF icon
Schwab International Equity ETF
SCHF
+$1.04B
2
VO icon
Vanguard Morningstar Mid-Cap ETF
VO
+$203M
3
COWZ icon
Pacer US Cash Cows 100 ETF
COWZ
+$145M
4
NVDA icon
NVIDIA
NVDA
+$61.2M
5
APP icon
Applovin
APP
+$58.7M

Sector Composition

Rank Sector Weight
1 Technology 3.6%
2 Financials 1.27%
3 Communication Services 1.14%
4 Consumer Discretionary 1.02%
5 Industrials 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SLYG icon
426
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.23B
$18.1M 0.01%
192,401
-9,065
-4% -$834K
NOBL icon
427
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$12B
$17.7M 0.01%
343,430
+31,480
+10% +$1.63M
QCOM icon
428
Qualcomm
QCOM
$173B
$17.6M 0.01%
105,727
+2,510
+2% +$398K
EDIV icon
429
State Street SPDR S&P Emerging Markets Dividend ETF
EDIV
$1.22B
$17.5M 0.01%
449,939
+57,016
+15% +$2.21M
CGIE icon
430
Capital Group International Equity ETF
CGIE
$2.47B
$17.5M 0.01%
517,625
+309,155
+148% +$10.2M
MO icon
431
Altria Group
MO
$109B
$17.4M 0.01%
263,137
+7,958
+3% +$504K
VTWO icon
432
Vanguard Russell 2000 ETF
VTWO
$17.5B
$17.3M 0.01%
177,073
+4,334
+3% +$402K
LRGF icon
433
iShares US Equity Factor ETF
LRGF
$3.74B
$17.2M 0.01%
249,067
+30,018
+14% +$1.99M
IBDQ
434
DELISTED
iShares iBonds Dec 2025 Term Corporate ETF
IBDQ
$17.2M 0.01%
681,899
-253,888
-27% -$6.38M
PGR icon
435
Progressive
PGR
$121B
$17.2M 0.01%
69,458
+11,446
+20% +$2.82M
CEG icon
436
Constellation Energy
CEG
$98.7B
$17.1M 0.01%
51,925
+4,275
+9% +$1.38M
TMUS icon
437
T-Mobile US
TMUS
$197B
$16.9M 0.01%
70,591
-173,907
-71% -$42.1M
DEM icon
438
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.98B
$16.9M 0.01%
366,478
-6,000
-2% -$277K
FTGC icon
439
First Trust Global Tactical Commodity Strategy Fund
FTGC
$3.07B
$16.8M 0.01%
649,406
+47,691
+8% +$1.21M
SIL icon
440
Global X Silver Miners ETF NEW
SIL
$4.75B
$16.8M 0.01%
234,515
+168,555
+256% +$9.45M
BRK.A icon
441
Berkshire Hathaway Class A
BRK.A
$1.09T
$16.6M 0.01%
22
– –
IBTF
442
DELISTED
iShares iBonds Dec 2025 Term Treasury ETF
IBTF
$16.5M 0.01%
704,703
-85,010
-11% -$1.98M
SPLB icon
443
State Street SPDR Portfolio Long Term Corporate Bond ETF
SPLB
$1.19B
$16.4M 0.01%
710,135
+19,595
+3% +$443K
ISCF icon
444
iShares International Small Cap Equity Factor ETF
ISCF
$683M
$16.4M 0.01%
398,735
+223,510
+128% +$8.93M
TMSL icon
445
T. Rowe Price Small-Mid Cap ETF
TMSL
$2.93B
$16.4M 0.01%
464,919
+60,196
+15% +$2.05M
VCIT icon
446
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.8B
$16.3M 0.01%
194,010
+50,559
+35% +$4.21M
RWJ icon
447
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.11B
$16.2M 0.01%
335,602
-60,763
-15% -$2.82M
PALC icon
448
Pacer Lunt Large Cap Multi-Factor Alternator ETF
PALC
$220M
$16.1M 0.01%
311,174
-48,763
-14% -$2.46M
MDT icon
449
Medtronic
MDT
$116B
$16.1M 0.01%
168,808
+6,184
+4% +$568K
DUK icon
450
Duke Energy
DUK
$97.1B
$16.1M 0.01%
129,742
+6,380
+5% +$774K
16 17
18
19 20

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Northwestern Mutual Wealth Management's Q3 2025 Portfolio in Review

As of Q3 2025, Northwestern Mutual Wealth Management held 4,104 positions worth $150B, up 9.3% from $137B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Northwestern Mutual Wealth Management deployed $4.59B of net new capital in Q3 2025, opening 448 new positions and adding to 1,772 existing holdings. Its largest new stake was iShares Dynamic Equity Active ETF: 3,646,528 shares worth $92.3M.

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

On the sell side, the largest reduction was Schwab International Equity ETF, an estimated $1.04B trimmed.

  • Northwestern Mutual Wealth Management's largest Q3 2025 buy was iShares Dynamic Equity Active ETF: 3,646,528 shares worth $92.3M.
  • Northwestern Mutual Wealth Management added most to iShares MSCI Intl Quality Factor ETF in Q3 2025, an estimated $828M increase.
  • Northwestern Mutual Wealth Management's biggest Q3 2025 reduction was Schwab International Equity ETF, cutting an estimated $1.04B.
  • Northwestern Mutual Wealth Management fully exited Hess in Q3 2025, selling an estimated $1.23M.
  • Northwestern Mutual Wealth Management's ten largest holdings make up 48% of its $150B portfolio in Q3 2025.
  • Northwestern Mutual Wealth Management opened 448 new positions and closed 310 in Q3 2025.
  • Northwestern Mutual Wealth Management's portfolio value rose 9.3% quarter-over-quarter to $150B.

Based on Northwestern Mutual Wealth Management's 13F filing for Q3 2025, filed 14 Nov 2025.