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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 | |
|---|---|---|---|---|---|---|
51
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $420M | 0.28% |
4,351,564
+108,087
| +3% | +$10.3M |
|
52
iShares Gold Trust
IAU
$64.8B
| $406M | 0.27% |
5,576,855
+569,514
| +11% | +$37.2M |
|
53
Capital Group Global Growth Equity ETF
CGGO
$11.9B
| $377M | 0.25% |
11,018,745
+257,982
| +2% | +$8.46M |
|
54
Vanguard Dividend Appreciation ETF
VIG
$114B
| $350M | 0.23% |
1,622,847
+101,631
| +7% | +$21.3M |
|
55
JPMorgan Chase
JPM
$962B
| $348M | 0.23% |
1,101,758
-497
| -0% | -$148K |
|
56
iShares Global 100 ETF
IOO
$9.41B
| $339M | 0.23% |
2,828,612
-74,274
| -3% | -$8.45M |
|
57
Vanguard Total World Stock ETF
VT
$81.1B
| $323M | 0.22% |
2,341,478
-60,695
| -3% | -$8.07M |
|
58
Schwab US Large-Cap Growth ETF
SCHG
$62.7B
| $320M | 0.21% |
10,027,556
+840,550
| +9% | +$25.6M |
|
59
iShares Russell 1000 Growth ETF
IWF
$127B
| $319M | 0.21% |
2,722,324
+27,952
| +1% | +$3.11M |
|
60
iShares MSCI Emerging Markets ex China ETF
EMXC
$24B
| $316M | 0.21% |
4,685,008
+121,136
| +3% | +$7.83M |
|
61
Schwab US Mid-Cap ETF
SCHM
$15.1B
| $310M | 0.21% |
10,473,140
+200,917
| +2% | +$5.85M |
|
|
SPYM
62
State Street SPDR Portfolio S&P 500 ETF
SPYM
$168B
| $297M | 0.2% |
3,787,339
+222,306
| +6% | +$16.8M |
|
63
Alphabet (Google) Class C
GOOG
$4.19T
| $283M | 0.19% |
1,163,866
-475
| -0% | -$99.8K |
|
64
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $282M | 0.19% |
858,114
-59,585
| -6% | -$18.8M |
|
65
Fidelity Enhanced International ETF
FENI
$11.3B
| $281M | 0.19% |
7,950,844
+3,400,521
| +75% | +$116M |
|
66
iShare MSCI Eurozone ETF
EZU
$9.91B
| $278M | 0.19% |
4,488,538
-369,412
| -8% | -$22.2M |
|
67
Broadcom
AVGO
$1.98T
| $260M | 0.17% |
786,728
-95,362
| -11% | -$29.3M |
|
68
Schwab Fundamental International Large Company Index ETF
FNDF
$25.6B
| $260M | 0.17% |
6,040,807
+85,424
| +1% | +$3.55M |
|
69
JPMorgan Ultra-Short Income ETF
JPST
$40.6B
| $254M | 0.17% |
5,007,149
+183,980
| +4% | +$9.31M |
|
70
VictoryShares Free Cash Flow ETF
VFLO
$9.91B
| $253M | 0.17% |
6,740,833
+398,850
| +6% | +$14.5M |
|
71
Fidelity Enhanced Mid Cap Core ETF
FMDE
$8.15B
| $252M | 0.17% |
6,960,142
+4,647,932
| +201% | +$164M |
|
72
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.17B
| $238M | 0.16% |
5,226,817
+124,998
| +2% | +$5.6M |
|
73
Berkshire Hathaway Class B
BRK.B
$1.11T
| $237M | 0.16% |
470,470
-4,316
| -0.9% | -$2.09M |
|
74
iShares MSCI EAFE ETF
EFA
$79.9B
| $230M | 0.15% |
2,460,708
+65,641
| +3% | +$5.97M |
|
75
Avantis US Small Cap Value ETF
AVUV
$30.9B
| $223M | 0.15% |
2,244,932
+239,996
| +12% | +$23.2M |
|
Similar funds
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.