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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 | |
|---|---|---|---|---|---|---|
76
iShares MSCI EAFE ETF
EFA
$79.9B
| $240M | 0.15% |
2,499,226
+38,518
| +2% | +$3.65M |
|
77
Avantis US Small Cap Value ETF
AVUV
$30.9B
| $236M | 0.15% |
2,313,192
+68,260
| +3% | +$6.83M |
|
78
Berkshire Hathaway Class B
BRK.B
$1.11T
| $225M | 0.14% |
447,406
-23,064
| -5% | -$11.5M |
|
79
Capital Group International Focus Equity ETF
CGXU
$6.56B
| $224M | 0.14% |
7,587,943
+257,468
| +4% | +$7.75M |
|
80
JPMorgan Municipal ETF
JMUB
$8.5B
| $210M | 0.13% |
4,159,706
+950,852
| +30% | +$48.1M |
|
81
Putnam Focused Large Cap Value ETF
PVAL
$13.8B
| $210M | 0.13% |
4,603,577
+410,945
| +10% | +$18M |
|
82
iShares S&P 500 Growth ETF
IVW
$76.9B
| $209M | 0.13% |
1,697,013
+19,074
| +1% | +$2.33M |
|
83
Capital Group Municipal Income ETF
CGMU
$6.58B
| $208M | 0.13% |
7,596,372
+998,606
| +15% | +$27.3M |
|
84
JPMorgan Ultra-Short Income ETF
JPST
$40.6B
| $203M | 0.13% |
4,013,417
-993,732
| -20% | -$50.3M |
|
85
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.14B
| $202M | 0.13% |
3,973,128
+192,499
| +5% | +$9.81M |
|
86
VanEck Intermediate Muni ETF
ITM
$2.13B
| $200M | 0.13% |
4,239,352
+394,734
| +10% | +$18.6M |
|
87
VanEck Semiconductor ETF
SMH
$70.6B
| $197M | 0.12% |
548,017
+21,488
| +4% | +$7.54M |
|
88
SPDR Gold Trust
GLD
$143B
| $193M | 0.12% |
487,961
+28,485
| +6% | +$10.9M |
|
89
iShares Russell Mid-Cap Growth ETF
IWP
$20.8B
| $192M | 0.12% |
1,404,920
+76,721
| +6% | +$10.7M |
|
90
Visa
V
$677B
| $191M | 0.12% |
545,086
+21,581
| +4% | +$7.35M |
|
91
First Trust Rising Dividend Achievers ETF
RDVY
$25.6B
| $189M | 0.12% |
2,717,559
-92,540
| -3% | -$6.29M |
|
92
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
| $179M | 0.11% |
2,243,553
+355,023
| +19% | +$28.3M |
|
93
Capital Group Core Equity ETF
CGUS
$11.8B
| $174M | 0.11% |
4,324,780
+180,079
| +4% | +$7.19M |
|
94
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24.4B
| $174M | 0.11% |
979,350
+72,508
| +8% | +$12.7M |
|
95
Invesco S&P 500 Quality ETF
SPHQ
$19.7B
| $173M | 0.11% |
2,308,323
+38,453
| +2% | +$2.86M |
|
96
JPMorgan Equity Premium Income ETF
JEPI
$46.1B
| $172M | 0.11% |
3,003,765
+72,427
| +2% | +$4.14M |
|
97
iShares Core Dividend Growth ETF
DGRO
$43.7B
| $165M | 0.1% |
2,374,253
+73,186
| +3% | +$5.03M |
|
98
Invesco S&P 500 Momentum ETF
SPMO
$21.7B
| $164M | 0.1% |
1,376,905
+277,103
| +25% | +$33.2M |
|
99
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.6B
| $164M | 0.1% |
3,509,215
+5,527
| +0.2% | +$260K |
|
100
Costco
COST
$419B
| $161M | 0.1% |
186,435
-3,416
| -2% | -$3.1M |
|
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.