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Northwestern Mutual Wealth Management Portfolio holdings
AUM
$187B
1-Year Est. Return
21.7%
This Fund
S&P 500
This Quarter
Est. Return
+12.99%
1 Year Est. Return
+21.7%
3 Year Est. Return
+54.04%
5 Year Est. Return
+49.64%
10 Year Est. Return
+163.71%
AUM
$187B
AUM Growth
+$24.8B
(+15%)
Cap. Flow
+$5.71B
Cap. Flow
% of AUM
3.05%
Top 10 Holdings %
Top 10 Hldgs %
46.31%
Holding
4,584
New
471
Increased
1,743
Reduced
1,372
Closed
496
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Avantis US Large Cap Value ETF
AVLV
|
+$2.63B |
| 2 |
Schwab US REIT ETF
SCHH
|
+$984M |
| 3 |
Vanguard Total Bond Market
BND
|
+$474M |
| 4 |
Vanguard Real Estate ETF
VNQ
|
+$394M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$307M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Value Factor ETF
VLUE
|
+$3.53B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$462M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$148M |
| 4 |
Marvell Technology
MRVL
|
+$74.7M |
| 5 |
American Century US Quality Growth ETF
QGRO
|
+$66.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 90.71% |
| 2 | Technology | 3.86% |
| 3 | Financials | 1.11% |
| 4 | Communication Services | 1.07% |
| 5 | Consumer Discretionary | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Invesco NASDAQ 100 ETF
QQQM
$109B
| $1.17B | 0.63% |
3,868,368
+173,431
| +5% | +$49.1M |
|
27
Schwab US Large- Cap ETF
SCHX
$74.6B
| $1.11B | 0.59% |
37,819,350
+3,009,782
| +9% | +$85.9M |
|
28
Capital Group Dividend Value ETF
CGDV
$38.6B
| $1.06B | 0.57% |
21,588,874
+1,782,798
| +9% | +$83.9M |
|
29
Vanguard Morningstar Value ETF
VTV
$189B
| $1.04B | 0.56% |
4,787,110
+247,075
| +5% | +$51.6M |
|
30
Apple
AAPL
$4.98T
| $1.03B | 0.55% |
3,571,020
-102,621
| -3% | -$29.4M |
|
31
BlackRock US Equity Factor Rotation ETF
DYNF
$42.4B
| $1.03B | 0.55% |
15,169,385
+1,920,027
| +14% | +$125M |
|
32
iShares National Muni Bond ETF
MUB
$44.4B
| $1.01B | 0.54% |
9,354,522
+451,163
| +5% | +$48.2M |
|
33
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.2B
| $992M | 0.53% |
6,988,089
-97,709
| -1% | -$13.5M |
|
34
Vanguard Intermediate-Term Bond ETF
BIV
$28.2B
| $983M | 0.53% |
12,822,370
+752,384
| +6% | +$57.8M |
|
35
Vanguard Morningstar Large-Cap ETF
VV
$54.8B
| $974M | 0.52% |
2,831,461
-10,151
| -0.4% | -$3.39M |
|
36
Vanguard Morningstar Growth ETF
VUG
$234B
| $938M | 0.5% |
10,888,180
+232,486
| +2% | +$19.6M |
|
37
iShares International Equity Factor ETF
INTF
$3.73B
| $896M | 0.48% |
21,882,011
+1,661,573
| +8% | +$68.1M |
|
38
Amazon
AMZN
$2.69T
| $873M | 0.47% |
3,664,707
+22,489
| +0.6% | +$5.64M |
|
39
Microsoft
MSFT
$3.83T
| $858M | 0.46% |
2,300,016
+52,739
| +2% | +$21.3M |
|
40
Vanguard Morningstar Small-Cap ETF
VB
$78.2B
| $853M | 0.46% |
2,813,902
+911
| +0% | +$261K |
|
41
Alphabet (Google) Class A
GOOGL
$4.21T
| $791M | 0.42% |
2,213,803
-46,742
| -2% | -$16.8M |
|
42
iShares MSCI Intl Value Factor ETF
IVLU
$4.61B
| $779M | 0.42% |
18,638,395
+451,689
| +2% | +$18.9M |
|
|
43
iShares MSCI USA Value Factor ETF
VLUE
$9.61B
| $660M | 0.35% |
3,302,880
-19,725,283
| -86% | -$3.53B |
|
44
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$25.5B
| $635M | 0.34% |
903,341
+38,573
| +4% | +$25.8M |
|
45
Capital Group Growth ETF
CGGR
$26.2B
| $619M | 0.33% |
13,105,474
+158,468
| +1% | +$7.16M |
|
46
Vanguard Information Technology ETF
VGT
$155B
| $566M | 0.3% |
4,731,562
-264,630
| -5% | -$29M |
|
47
iShares Russell 1000 ETF
IWB
$49.5B
| $548M | 0.29% |
1,337,416
-42,689
| -3% | -$16.9M |
|
48
iShares MSCI Emerging Markets ex China ETF
EMXC
$25.9B
| $547M | 0.29% |
5,351,025
+209,023
| +4% | +$19.7M |
|
49
Fidelity Enhanced Mid Cap Core ETF
FMDE
$8.09B
| $539M | 0.29% |
13,272,880
+2,237,336
| +20% | +$87M |
|
50
Avantis Emerging Markets Equity ETF
AVEM
$28.8B
| $519M | 0.28% |
5,376,383
+419,034
| +8% | +$38.6M |
|
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Northwestern Mutual Wealth Management's Q2 2026 Portfolio in Review
As of Q2 2026, Northwestern Mutual Wealth Management held 4,584 positions worth $187B, up 15% from $162B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Northwestern Mutual Wealth Management deployed $5.71B of net new capital in Q2 2026, opening 471 new positions and adding to 1,743 existing holdings. Its largest new stake was Cohen & Steers Real Estate Active ETF: 1,031,995 shares worth $29.3M.
By sector, the portfolio is most concentrated in Miscellaneous at 91% of assets, down from 91% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares MSCI USA Value Factor ETF, an estimated $3.53B trimmed.
- Northwestern Mutual Wealth Management's largest Q2 2026 buy was Cohen & Steers Real Estate Active ETF: 1,031,995 shares worth $29.3M.
- Northwestern Mutual Wealth Management added most to Avantis US Large Cap Value ETF in Q2 2026, an estimated $2.63B increase.
- Northwestern Mutual Wealth Management's biggest Q2 2026 reduction was iShares MSCI USA Value Factor ETF, cutting an estimated $3.53B.
- Northwestern Mutual Wealth Management fully exited iShares iBonds 1-5 Year Corporate Ladder ETF in Q2 2026, selling an estimated $3.38M.
- Northwestern Mutual Wealth Management's ten largest holdings make up 46% of its $187B portfolio in Q2 2026.
- Northwestern Mutual Wealth Management opened 471 new positions and closed 496 in Q2 2026.
- Northwestern Mutual Wealth Management's portfolio value rose 15% quarter-over-quarter to $187B.
Based on Northwestern Mutual Wealth Management's 13F filing for Q2 2026, filed 12 Aug 2026.