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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 | |
|---|---|---|---|---|---|---|
51
Schwab US Dividend Equity ETF
SCHD
$107B
| $385M | 0.24% |
14,050,361
-1,501,774
| -10% | -$40.8M |
|
52
Capital Group Global Growth Equity ETF
CGGO
$11.9B
| $383M | 0.24% |
11,053,425
+34,680
| +0.3% | +$1.2M |
|
|
53
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.39B
| $373M | 0.24% |
7,758,040
-1,968,385
| -20% | -$94.4M |
|
54
JPMorgan Chase
JPM
$962B
| $360M | 0.23% |
1,118,266
+16,508
| +1% | +$5.11M |
|
55
Fidelity Enhanced International ETF
FENI
$11.3B
| $355M | 0.22% |
9,715,353
+1,764,509
| +22% | +$63.1M |
|
56
iShares Global 100 ETF
IOO
$9.41B
| $352M | 0.22% |
2,780,348
-48,264
| -2% | -$6M |
|
57
Vanguard Dividend Appreciation ETF
VIG
$114B
| $346M | 0.22% |
1,576,329
-46,518
| -3% | -$10.2M |
|
58
Schwab US Large-Cap Growth ETF
SCHG
$62.7B
| $345M | 0.22% |
10,572,063
+544,507
| +5% | +$17.7M |
|
59
iShares MSCI Emerging Markets ex China ETF
EMXC
$24B
| $344M | 0.22% |
4,729,976
+44,968
| +1% | +$3.19M |
|
60
Fidelity Enhanced Mid Cap Core ETF
FMDE
$8.15B
| $334M | 0.21% |
9,191,224
+2,231,082
| +32% | +$80.3M |
|
61
Alphabet (Google) Class C
GOOG
$4.19T
| $334M | 0.21% |
1,064,358
-99,508
| -9% | -$28.5M |
|
62
Schwab US Mid-Cap ETF
SCHM
$15.1B
| $329M | 0.21% |
10,932,629
+459,489
| +4% | +$13.7M |
|
|
SPYM
63
State Street SPDR Portfolio S&P 500 ETF
SPYM
$168B
| $329M | 0.21% |
4,096,080
+308,741
| +8% | +$24.6M |
|
64
Vanguard Total World Stock ETF
VT
$81.1B
| $326M | 0.21% |
2,310,259
-31,219
| -1% | -$4.36M |
|
65
iShares Russell 1000 Growth ETF
IWF
$127B
| $315M | 0.2% |
2,666,228
-56,096
| -2% | -$6.64M |
|
66
VictoryShares Free Cash Flow ETF
VFLO
$9.91B
| $291M | 0.18% |
7,399,957
+659,124
| +10% | +$25.3M |
|
67
Avantis Emerging Markets Equity ETF
AVEM
$26.5B
| $279M | 0.18% |
3,628,408
+827,325
| +30% | +$63.3M |
|
68
iShare MSCI Eurozone ETF
EZU
$9.91B
| $278M | 0.18% |
4,329,621
-158,917
| -4% | -$9.97M |
|
69
Broadcom
AVGO
$1.98T
| $273M | 0.17% |
789,255
+2,527
| +0.3% | +$904K |
|
70
Schwab Fundamental International Large Company Index ETF
FNDF
$25.6B
| $273M | 0.17% |
6,032,995
-7,812
| -0.1% | -$346K |
|
71
Avantis International Equity ETF
AVDE
$18.7B
| $260M | 0.16% |
3,162,431
+458,993
| +17% | +$36.8M |
|
72
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $255M | 0.16% |
761,488
-96,626
| -11% | -$32.1M |
|
73
Eli Lilly
LLY
$1.08T
| $252M | 0.16% |
234,467
+1,171
| +0.5% | +$1.12M |
|
74
Vanguard Morningstar Mid-Cap Growth ETF
VOT
$19.8B
| $252M | 0.16% |
902,235
+163,438
| +22% | +$46.8M |
|
75
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.17B
| $244M | 0.15% |
5,340,865
+114,048
| +2% | +$5.21M |
|
Similar funds
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.