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Northwestern Mutual Wealth Management

Northwestern Mutual Wealth Management Portfolio holdings

AUM $187B
1-Year Est. Return 21.7%
This Fund
S&P 500
This Quarter Est. Return
+2.04%
1 Year Est. Return
+21.7%
3 Year Est. Return
+54.04%
5 Year Est. Return
+49.64%
10 Year Est. Return
+166.47%
AUM
$158B
AUM Growth
+$8.1B
Cap. Flow
+$5.39B
Cap. Flow %
3.41%
Top 10 Hldgs %
47.3%
Holding
4,314
New
520
Increased
1,834
Reduced
1,140
Closed
305

Top Buys

Rank Stock Value
1
BND icon
Vanguard Total Bond Market
BND
+$319M
2
SCHF icon
Schwab International Equity ETF
SCHF
+$291M
3
IVV icon
iShares Core S&P 500 ETF
IVV
+$278M
4
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$230M
5
DYNF icon
BlackRock US Equity Factor Rotation ETF
DYNF
+$188M

Top Sells

Rank Stock Value
1
DBEF icon
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
+$94.4M
2
LYFT icon
Lyft
LYFT
+$74.6M
3
COWZ icon
Pacer US Cash Cows 100 ETF
COWZ
+$62.5M
4
UBER icon
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
MUC icon
876
BlackRock MuniHoldings California Quality Fund
MUC
$1.02B
$3.63M ﹤0.01%
342,357
– –
DGS icon
877
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.77B
$3.6M ﹤0.01%
62,823
+91
+0.1% +$5.17K
DWLD icon
878
Davis Select Worldwide ETF
DWLD
$606M
$3.59M ﹤0.01%
77,079
-5,062
-6% -$230K
RKLB icon
879
Rocket Lab Corp
RKLB
$51.2B
$3.59M ﹤0.01%
51,417
+826
+2% +$47.3K
TECB icon
880
iShares US Tech Breakthrough Multisector ETF
TECB
$501M
$3.53M ﹤0.01%
57,970
+2,049
+4% +$126K
YUM icon
881
Yum! Brands
YUM
$41B
$3.52M ﹤0.01%
23,296
+870
+4% +$129K
RF icon
882
Regions Financial
RF
$26.9B
$3.51M ﹤0.01%
129,618
+5,455
+4% +$139K
VUSB icon
883
Vanguard Ultra-Short Bond ETF
VUSB
$9.34B
$3.51M ﹤0.01%
70,421
+14,036
+25% +$700K
SPTM icon
884
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$14.1B
$3.5M ﹤0.01%
42,408
-1,606
-4% -$131K
SCHY icon
885
Schwab International Dividend Equity ETF
SCHY
$2.53B
$3.49M ﹤0.01%
117,108
+16,910
+17% +$488K
JMSI icon
886
JPMorgan Sustainable Municipal Income ETF
JMSI
$386M
$3.48M ﹤0.01%
69,172
-952
-1% -$48K
IWL icon
887
iShares Russell Top 200 ETF
IWL
$2.29B
$3.44M ﹤0.01%
20,167
+592
+3% +$100K
DHI icon
888
D.R. Horton
DHI
$40.8B
$3.42M ﹤0.01%
23,721
-1,196
-5% -$182K
IMCB icon
889
iShares Morningstar Mid-Cap ETF
IMCB
$1.73B
$3.41M ﹤0.01%
41,254
+6,597
+19% +$545K
FGD icon
890
First Trust Dow Jones Global Select Dividend Index Fund
FGD
$1.6B
$3.41M ﹤0.01%
112,596
+50,733
+82% +$1.5M
TGRW icon
891
T. Rowe Price Growth Stock ETF
TGRW
$1.04B
$3.4M ﹤0.01%
73,929
+450
+0.6% +$20.7K
EBAY icon
892
eBay
EBAY
$45.5B
$3.38M ﹤0.01%
38,789
+712
+2% +$61.6K
DD icon
893
DuPont de Nemours
DD
$19.5B
$3.37M ﹤0.01%
27,951
-34,663
-55% -$3.9M
NKX icon
894
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$664M
$3.36M ﹤0.01%
270,000
– –
TROW icon
895
T. Rowe Price
TROW
$23.8B
$3.35M ﹤0.01%
32,768
-5,320
-14% -$549K
CTVA icon
896
Corteva
CTVA
$50.4B
$3.35M ﹤0.01%
50,027
+2,524
+5% +$163K
DGX icon
897
Quest Diagnostics
DGX
$26.2B
$3.35M ﹤0.01%
19,278
+3,581
+23% +$652K
SCMB icon
898
Schwab Municipal Bond ETF
SCMB
$3.98B
$3.28M ﹤0.01%
127,350
+91,233
+253% +$2.35M
USIG icon
899
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.4B
$3.27M ﹤0.01%
63,211
+2,984
+5% +$155K
JBBB icon
900
Janus Henderson B-BBB CLO ETF
JBBB
$1.43B
$3.27M ﹤0.01%
68,532
+62,578
+1,051% +$3M
34 35
36
37 38

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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.