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Northwestern Mutual Wealth Management Portfolio holdings
AUM
$162B
1-Year Est. Return
16.35%
This Fund
S&P 500
This Quarter
Est. Return
+6.14%
1 Year Est. Return
+16.35%
3 Year Est. Return
+42.23%
5 Year Est. Return
+39.96%
10 Year Est. Return
+140.73%
AUM
$150B
AUM Growth
+$12.8B
(+9.3%)
Cap. Flow
+$4.59B
Cap. Flow
% of AUM
3.06%
Top 10 Holdings %
Top 10 Hldgs %
48.08%
Holding
4,104
New
448
Increased
1,772
Reduced
1,075
Closed
310
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Intl Quality Factor ETF
IQLT
|
+$828M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$605M |
| 3 |
Vanguard Total Bond Market
BND
|
+$310M |
| 4 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$179M |
| 5 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$177M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab International Equity ETF
SCHF
|
+$1.04B |
| 2 |
Vanguard Morningstar Mid-Cap ETF
VO
|
+$203M |
| 3 |
Pacer US Cash Cows 100 ETF
COWZ
|
+$145M |
| 4 |
NVIDIA
NVDA
|
+$61.2M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
26
Apple
AAPL
$4.45T
| $956M | 0.64% |
3,752,997
+29,487
| +0.8% | +$6.66M |
|
27
Invesco NASDAQ 100 ETF
QQQM
$102B
| $889M | 0.59% |
3,598,711
+231,965
| +7% | +$54.7M |
|
28
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.9B
| $886M | 0.59% |
6,800,158
-109,776
| -2% | -$13.8M |
|
29
iShares National Muni Bond ETF
MUB
$45.8B
| $863M | 0.58% |
8,102,619
+710,666
| +10% | +$74.4M |
|
30
Vanguard Morningstar Growth ETF
VUG
$228B
| $852M | 0.57% |
10,656,636
-56,598
| -0.5% | -$4.32M |
|
31
Vanguard Morningstar Large-Cap ETF
VV
$54.3B
| $845M | 0.56% |
2,745,324
-31,428
| -1% | -$9.31M |
|
32
Schwab US Large- Cap ETF
SCHX
$74.3B
| $775M | 0.52% |
29,438,303
+1,616,966
| +6% | +$41.1M |
|
33
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $774M | 0.52% |
9,911,931
+805,042
| +9% | +$62.3M |
|
34
Amazon
AMZN
$2.94T
| $740M | 0.49% |
3,368,134
+44,879
| +1% | +$10.2M |
|
35
Vanguard Morningstar Value ETF
VTV
$192B
| $721M | 0.48% |
3,866,085
+85,410
| +2% | +$15.5M |
|
36
Capital Group Dividend Value ETF
CGDV
$38.8B
| $702M | 0.47% |
16,693,552
+1,365,491
| +9% | +$56.1M |
|
37
Vanguard Morningstar Small-Cap ETF
VB
$82.8B
| $681M | 0.45% |
2,677,958
+126,497
| +5% | +$31.4M |
|
38
iShares International Equity Factor ETF
INTF
$3.74B
| $619M | 0.41% |
17,242,564
+1,364,109
| +9% | +$47.8M |
|
39
iShares MSCI Intl Value Factor ETF
IVLU
$4.53B
| $570M | 0.38% |
16,052,538
+733,152
| +5% | +$25.2M |
|
40
Alphabet (Google) Class A
GOOGL
$4.2T
| $569M | 0.38% |
2,341,909
+6,821
| +0.3% | +$1.43M |
|
|
41
Pacer US Cash Cows 100 ETF
COWZ
$19.6B
| $520M | 0.35% |
9,041,964
-2,548,398
| -22% | -$145M |
|
42
Capital Group Growth ETF
CGGR
$25B
| $500M | 0.33% |
11,374,810
+967,117
| +9% | +$40.8M |
|
43
iShares Russell 1000 ETF
IWB
$50B
| $489M | 0.33% |
1,337,550
-33,328
| -2% | -$11.7M |
|
44
Meta Platforms (Facebook)
META
$1.53T
| $482M | 0.32% |
656,464
+17,904
| +3% | +$13.3M |
|
45
BlackRock US Equity Factor Rotation ETF
DYNF
$40.1B
| $478M | 0.32% |
8,071,059
+2,271,898
| +39% | +$129M |
|
46
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.1B
| $470M | 0.31% |
788,274
+175,255
| +29% | +$103M |
|
47
Vanguard Information Technology ETF
VGT
$147B
| $469M | 0.31% |
5,027,312
-257,224
| -5% | -$22.5M |
|
48
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.39B
| $452M | 0.3% |
9,726,425
-1,015,813
| -9% | -$45.9M |
|
49
iShares MSCI USA Quality Factor ETF
QUAL
$48B
| $438M | 0.29% |
2,251,190
-166,902
| -7% | -$31.3M |
|
50
Schwab US Dividend Equity ETF
SCHD
$107B
| $425M | 0.28% |
15,552,135
-1,574,783
| -9% | -$43M |
|
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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.