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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
+2.04%
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
$158B
AUM Growth
+$8.1B
(+5.4%)
Cap. Flow
+$5.39B
Cap. Flow
% of AUM
3.41%
Top 10 Holdings %
Top 10 Hldgs %
47.3%
Holding
4,314
New
520
Increased
1,834
Reduced
1,140
Closed
305
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$319M |
| 2 |
Schwab International Equity ETF
SCHF
|
+$291M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$278M |
| 4 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$230M |
| 5 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
|
+$94.4M |
| 2 |
Lyft
LYFT
|
+$74.6M |
| 3 |
Pacer US Cash Cows 100 ETF
COWZ
|
+$62.5M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
26
Microsoft
MSFT
$3.74T
| $975M | 0.62% |
2,015,858
+73,413
| +4% | +$36.8M |
|
27
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.9B
| $937M | 0.59% |
7,077,759
+277,601
| +4% | +$36.4M |
|
28
Invesco NASDAQ 100 ETF
QQQM
$102B
| $927M | 0.59% |
3,664,198
+65,487
| +2% | +$16.5M |
|
29
iShares National Muni Bond ETF
MUB
$45.8B
| $903M | 0.57% |
8,431,113
+328,494
| +4% | +$35.2M |
|
30
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $874M | 0.55% |
11,227,638
+1,315,707
| +13% | +$103M |
|
31
Vanguard Morningstar Large-Cap ETF
VV
$54.3B
| $869M | 0.55% |
2,761,156
+15,832
| +0.6% | +$4.94M |
|
32
Vanguard Morningstar Growth ETF
VUG
$228B
| $855M | 0.54% |
10,509,744
-146,892
| -1% | -$11.9M |
|
33
Schwab US Large- Cap ETF
SCHX
$74.3B
| $834M | 0.53% |
30,984,972
+1,546,669
| +5% | +$41.3M |
|
34
Capital Group Dividend Value ETF
CGDV
$38.8B
| $818M | 0.52% |
18,754,937
+2,061,385
| +12% | +$88.5M |
|
35
Amazon
AMZN
$2.94T
| $811M | 0.51% |
3,512,910
+144,776
| +4% | +$33.1M |
|
36
Vanguard Morningstar Value ETF
VTV
$192B
| $782M | 0.49% |
4,093,400
+227,315
| +6% | +$42.8M |
|
37
Alphabet (Google) Class A
GOOGL
$4.2T
| $731M | 0.46% |
2,336,106
-5,803
| -0.2% | -$1.66M |
|
38
iShares International Equity Factor ETF
INTF
$3.74B
| $720M | 0.46% |
19,066,471
+1,823,907
| +11% | +$67M |
|
39
Vanguard Morningstar Small-Cap ETF
VB
$82.8B
| $709M | 0.45% |
2,747,982
+70,024
| +3% | +$17.9M |
|
|
40
BlackRock US Equity Factor Rotation ETF
DYNF
$40.1B
| $681M | 0.43% |
11,194,500
+3,123,441
| +39% | +$188M |
|
41
iShares MSCI Intl Value Factor ETF
IVLU
$4.53B
| $654M | 0.41% |
17,200,645
+1,148,107
| +7% | +$42.1M |
|
42
Capital Group Growth ETF
CGGR
$25B
| $540M | 0.34% |
12,136,612
+761,802
| +7% | +$33.6M |
|
43
iShares Gold Trust
IAU
$64.8B
| $535M | 0.34% |
6,595,990
+1,019,135
| +18% | +$79.7M |
|
44
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.1B
| $501M | 0.32% |
830,031
+41,757
| +5% | +$25M |
|
45
iShares Russell 1000 ETF
IWB
$50B
| $494M | 0.31% |
1,322,245
-15,305
| -1% | -$5.67M |
|
|
46
Pacer US Cash Cows 100 ETF
COWZ
$19.6B
| $480M | 0.3% |
7,978,756
-1,063,208
| -12% | -$62.5M |
|
47
Vanguard Information Technology ETF
VGT
$147B
| $477M | 0.3% |
5,060,200
+32,888
| +0.7% | +$3.12M |
|
48
Meta Platforms (Facebook)
META
$1.53T
| $443M | 0.28% |
671,491
+15,027
| +2% | +$10M |
|
49
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $443M | 0.28% |
4,608,776
+257,212
| +6% | +$24.9M |
|
50
iShares MSCI USA Quality Factor ETF
QUAL
$48B
| $395M | 0.25% |
1,988,066
-263,124
| -12% | -$51.7M |
|
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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.