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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 | |
|---|---|---|---|---|---|---|
76
Capital Group International Focus Equity ETF
CGXU
$6.56B
| $217M | 0.14% |
7,330,475
-181,053
| -2% | -$5.06M |
|
77
Vanguard Morningstar Mid-Cap Growth ETF
VOT
$19.8B
| $217M | 0.14% |
738,797
+22,696
| +3% | +$6.55M |
|
78
Avantis International Equity ETF
AVDE
$18.7B
| $213M | 0.14% |
2,703,438
+1,552,177
| +135% | +$118M |
|
79
Avantis Emerging Markets Equity ETF
AVEM
$26.5B
| $210M | 0.14% |
2,801,083
-261,108
| -9% | -$18.7M |
|
80
iShares S&P 500 Growth ETF
IVW
$76.9B
| $203M | 0.14% |
1,677,939
+21,613
| +1% | +$2.49M |
|
81
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.14B
| $193M | 0.13% |
3,780,629
+168,124
| +5% | +$8.57M |
|
82
iShares Russell Mid-Cap Growth ETF
IWP
$20.8B
| $189M | 0.13% |
1,328,199
-20,295
| -2% | -$2.87M |
|
83
First Trust Rising Dividend Achievers ETF
RDVY
$25.6B
| $189M | 0.13% |
2,810,099
+371,365
| +15% | +$24.1M |
|
84
Capital Group Municipal Income ETF
CGMU
$6.58B
| $180M | 0.12% |
6,597,766
+1,620,219
| +33% | +$43.6M |
|
85
VanEck Intermediate Muni ETF
ITM
$2.13B
| $179M | 0.12% |
3,844,618
+207,724
| +6% | +$9.51M |
|
86
Putnam Focused Large Cap Value ETF
PVAL
$13.8B
| $179M | 0.12% |
4,192,632
+626,728
| +18% | +$25.9M |
|
87
Visa
V
$677B
| $179M | 0.12% |
523,505
+3,875
| +0.7% | +$1.34M |
|
88
Eli Lilly
LLY
$1.08T
| $178M | 0.12% |
233,296
+15,542
| +7% | +$11.6M |
|
89
Costco
COST
$419B
| $176M | 0.12% |
189,851
+537
| +0.3% | +$515K |
|
90
VanEck Semiconductor ETF
SMH
$70.6B
| $172M | 0.11% |
526,529
+41,280
| +9% | +$12.2M |
|
91
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $171M | 0.11% |
1,797,261
-106,751
| -6% | -$10M |
|
92
JPMorgan Equity Premium Income ETF
JEPI
$46.1B
| $167M | 0.11% |
2,931,338
-133,490
| -4% | -$7.58M |
|
93
Invesco S&P 500 Quality ETF
SPHQ
$19.7B
| $166M | 0.11% |
2,269,870
+425,918
| +23% | +$30.7M |
|
94
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.6B
| $164M | 0.11% |
3,503,688
+123,404
| +4% | +$5.49M |
|
95
Capital Group Core Equity ETF
CGUS
$11.8B
| $164M | 0.11% |
4,144,701
+279,692
| +7% | +$10.7M |
|
96
SPDR Gold Trust
GLD
$143B
| $163M | 0.11% |
459,476
+18,842
| +4% | +$6M |
|
97
JPMorgan Municipal ETF
JMUB
$8.5B
| $162M | 0.11% |
3,208,854
+826,847
| +35% | +$41.1M |
|
98
Schwab US REIT ETF
SCHH
$11.1B
| $161M | 0.11% |
7,446,853
-409,811
| -5% | -$8.74M |
|
99
Home Depot
HD
$353B
| $160M | 0.11% |
395,896
+4,081
| +1% | +$1.6M |
|
100
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24.4B
| $158M | 0.11% |
906,842
-106,346
| -10% | -$18.1M |
|
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.