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Northwestern Mutual Wealth Management

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
Cap. Flow
+$4.59B
Cap. Flow %
3.06%
Top 10 Hldgs %
48.08%
Holding
4,104
New
448
Increased
1,772
Reduced
1,075
Closed
310

Top Buys

Rank Stock Value
1
IQLT icon
iShares MSCI Intl Quality Factor ETF
IQLT
+$828M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$605M
3
BND icon
Vanguard Total Bond Market
BND
+$310M
4
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$179M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$177M

Top Sells

Rank Stock Value
1
SCHF icon
Schwab International Equity ETF
SCHF
+$1.04B
2
VO icon
Vanguard Morningstar Mid-Cap ETF
VO
+$203M
3
COWZ icon
Pacer US Cash Cows 100 ETF
COWZ
+$145M
4
NVDA icon
NVIDIA
NVDA
+$61.2M
5
APP icon
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
DGRO icon
101
iShares Core Dividend Growth ETF
DGRO
$43.7B
$157M 0.1%
2,301,067
-14,305
-0.6% -$945K
VCSH icon
102
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
$151M 0.1%
1,888,530
+288,171
+18% +$22.9M
IWM icon
103
iShares Russell 2000 ETF
IWM
$81.8B
$147M 0.1%
609,005
+19,471
+3% +$4.47M
SCHA icon
104
Schwab U.S Small- Cap ETF
SCHA
$23.1B
$146M 0.1%
5,241,527
+297,189
+6% +$7.95M
ESGU icon
105
iShares ESG Aware MSCI USA ETF
ESGU
$18.3B
$143M 0.1%
984,934
+34,013
+4% +$4.76M
AVLV icon
106
Avantis US Large Cap Value ETF
AVLV
$18.3B
$142M 0.09%
1,965,402
+115,982
+6% +$8.19M
SUB icon
107
iShares Short-Term National Muni Bond ETF
SUB
$11.4B
$141M 0.09%
1,322,898
+167,859
+15% +$17.9M
OEF icon
108
iShares S&P 100 ETF
OEF
$20.4B
$141M 0.09%
422,751
+78,700
+23% +$25M
SPYG icon
109
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$54.9B
$140M 0.09%
1,342,431
+19,541
+1% +$1.95M
REET icon
110
iShares Global REIT ETF
REET
$5.01B
$139M 0.09%
5,425,901
+412,732
+8% +$10.4M
TSLA icon
111
Tesla
TSLA
$1.31T
$138M 0.09%
309,937
+25,296
+9% +$8.77M
XMHQ icon
112
Invesco S&P MidCap Quality ETF
XMHQ
$5.66B
$137M 0.09%
1,308,032
-220,409
-14% -$22.7M
SHM icon
113
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
$137M 0.09%
2,840,836
+144,526
+5% +$6.96M
HEFA icon
114
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.75B
$136M 0.09%
3,424,108
+1,533,887
+81% +$59.1M
SPMO icon
115
Invesco S&P 500 Momentum ETF
SPMO
$21.7B
$133M 0.09%
1,099,802
+287,098
+35% +$33.4M
ICF icon
116
iShares Select U.S. REIT ETF
ICF
$2.07B
$132M 0.09%
2,145,351
-89,690
-4% -$5.48M
MA icon
117
Mastercard
MA
$492B
$130M 0.09%
228,571
-3,106
-1% -$1.78M
LVHI icon
118
Franklin International Low Volatility High Dividend Index ETF
LVHI
$5.59B
$129M 0.09%
3,714,861
+69,665
+2% +$2.37M
VPU
119
Vanguard Utilities ETF
VPU
$8.44B
$125M 0.08%
658,484
+12,760
+2% +$2.34M
DIA icon
120
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.2B
$125M 0.08%
268,873
-12,525
-4% -$5.65M
GCOW icon
121
Pacer Global Cash Cows Dividend ETF
GCOW
$3.48B
$124M 0.08%
3,118,251
-359,644
-10% -$14.1M
SGOV icon
122
iShares 0-3 Month Treasury Bond ETF
SGOV
$101B
$121M 0.08%
1,205,033
+64,562
+6% +$6.49M
CGCP icon
123
Capital Group Core Plus Income ETF
CGCP
$8.49B
$119M 0.08%
5,243,014
+263,219
+5% +$5.95M
JCPB icon
124
JPMorgan Core Plus Bond ETF
JCPB
$14.1B
$119M 0.08%
2,494,049
+833,135
+50% +$39.2M
SCHE icon
125
Schwab Emerging Markets Equity ETF
SCHE
$12.8B
$117M 0.08%
3,500,259
-193,220
-5% -$6.09M
3 4
5
6 7

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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.