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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 | |
|---|---|---|---|---|---|---|
101
Schwab US REIT ETF
SCHH
$11.1B
| $160M | 0.1% |
7,646,130
+199,277
| +3% | +$4.23M |
|
102
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $158M | 0.1% |
1,675,239
-122,022
| -7% | -$11.5M |
|
103
Schwab U.S Small- Cap ETF
SCHA
$23.1B
| $157M | 0.1% |
5,502,072
+260,545
| +5% | +$7.36M |
|
104
iShares Russell 2000 ETF
IWM
$81.8B
| $157M | 0.1% |
636,481
+27,476
| +5% | +$6.76M |
|
105
TSMC
TSM
$2.19T
| $154M | 0.1% |
507,974
+167,369
| +49% | +$49.1M |
|
106
Avantis US Large Cap Value ETF
AVLV
$18.3B
| $154M | 0.1% |
2,035,906
+70,504
| +4% | +$5.19M |
|
107
iShares ESG Aware MSCI USA ETF
ESGU
$18.3B
| $153M | 0.1% |
1,027,351
+42,417
| +4% | +$6.27M |
|
108
iShares Global REIT ETF
REET
$5.01B
| $153M | 0.1% |
6,117,917
+692,016
| +13% | +$17.5M |
|
109
iShares S&P 100 ETF
OEF
$20.4B
| $151M | 0.1% |
440,765
+18,014
| +4% | +$6.12M |
|
110
iShares Short-Term National Muni Bond ETF
SUB
$11.4B
| $148M | 0.09% |
1,388,345
+65,447
| +5% | +$6.97M |
|
111
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.75B
| $147M | 0.09% |
3,552,545
+128,437
| +4% | +$5.26M |
|
112
Tesla
TSLA
$1.31T
| $145M | 0.09% |
323,439
+13,502
| +4% | +$5.99M |
|
113
iShares MSCI EAFE Value ETF
EFV
$30B
| $144M | 0.09% |
2,017,941
+351,926
| +21% | +$24.5M |
|
114
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $142M | 0.09% |
2,950,388
+109,552
| +4% | +$5.26M |
|
115
Franklin International Low Volatility High Dividend Index ETF
LVHI
$5.59B
| $141M | 0.09% |
3,820,733
+105,872
| +3% | +$3.81M |
|
116
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$54.9B
| $135M | 0.09% |
1,263,714
-78,717
| -6% | -$8.34M |
|
117
JPMorgan Core Plus Bond ETF
JCPB
$14.1B
| $134M | 0.08% |
2,835,771
+341,722
| +14% | +$16.3M |
|
118
Home Depot
HD
$353B
| $133M | 0.08% |
385,331
-10,565
| -3% | -$3.87M |
|
119
Capital Group Core Plus Income ETF
CGCP
$8.49B
| $130M | 0.08% |
5,749,143
+506,129
| +10% | +$11.5M |
|
120
Invesco S&P MidCap Momentum ETF
XMMO
$7.56B
| $128M | 0.08% |
927,629
+76,532
| +9% | +$10.5M |
|
121
iShares Select U.S. REIT ETF
ICF
$2.07B
| $128M | 0.08% |
2,149,169
+3,818
| +0.2% | +$232K |
|
122
Advanced Micro Devices
AMD
$774B
| $128M | 0.08% |
597,965
-37,173
| -6% | -$8.35M |
|
123
Applied Materials
AMAT
$417B
| $127M | 0.08% |
494,004
-31,151
| -6% | -$7.47M |
|
|
VPU
124
Vanguard Utilities ETF
VPU
$8.44B
| $126M | 0.08% |
679,099
+20,615
| +3% | +$3.96M |
|
125
Mastercard
MA
$492B
| $125M | 0.08% |
218,899
-9,672
| -4% | -$5.41M |
|
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.