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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
+12.99%
1 Year Est. Return
+21.7%
3 Year Est. Return
+54.04%
5 Year Est. Return
+49.64%
10 Year Est. Return
+163.71%
AUM
$187B
AUM Growth
+$24.8B
Cap. Flow
+$5.71B
Cap. Flow %
3.05%
Top 10 Hldgs %
46.31%
Holding
4,584
New
471
Increased
1,743
Reduced
1,372
Closed
496

Top Buys

Rank Stock Value
1
AVLV icon
Avantis US Large Cap Value ETF
AVLV
+$2.63B
2
SCHH icon
Schwab US REIT ETF
SCHH
+$984M
3
BND icon
Vanguard Total Bond Market
BND
+$474M
4
VNQ icon
Vanguard Real Estate ETF
VNQ
+$394M
5
IVV icon
iShares Core S&P 500 ETF
IVV
+$307M

Top Sells

Rank Stock Value
1
VLUE icon
iShares MSCI USA Value Factor ETF
VLUE
+$3.53B
2
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$462M
3
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$148M
4
MRVL icon
Marvell Technology
MRVL
+$74.7M
5
QGRO icon
American Century US Quality Growth ETF
QGRO
+$66.2M

Sector Composition

Rank Sector Weight
1 Miscellaneous 90.71%
2 Technology 3.86%
3 Financials 1.11%
4 Communication Services 1.07%
5 Consumer Discretionary 0.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVX icon
126
Chevron
CVX
$401B
$161M 0.09%
973,273
+328,773
+51% +$61.2M
CGNG
127
Capital Group New Geography Equity ETF
CGNG
$3.17B
$153M 0.08%
4,074,362
+920,568
+29% +$32.7M
JEPI icon
128
JPMorgan Equity Premium Income ETF
JEPI
$45.7B
$151M 0.08%
2,673,279
+33,569
+1% +$1.9M
SHM icon
129
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.46B
$151M 0.08%
3,144,684
+83,132
+3% +$3.98M
FRDM icon
130
Freedom 100 Emerging Markets ETF
FRDM
$3.63B
$151M 0.08%
2,065,792
+120,614
+6% +$8.06M
ITA icon
131
iShares US Aerospace & Defense ETF
ITA
$12.5B
$149M 0.08%
616,653
+84,677
+16% +$19.3M
SPDW icon
132
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.7B
$146M 0.08%
2,899,417
+233,053
+9% +$11.6M
VPU
133
Vanguard Utilities ETF
VPU
$7.66B
$145M 0.08%
740,507
+27,399
+4% +$5.37M
ICF icon
134
iShares Select U.S. REIT ETF
ICF
$2.07B
$145M 0.08%
2,137,543
-38,213
-2% -$2.57M
CGCP icon
135
Capital Group Core Plus Income ETF
CGCP
$8.38B
$141M 0.08%
6,331,676
-94,542
-1% -$2.11M
EFV icon
136
iShares MSCI EAFE Value ETF
EFV
$31.4B
$140M 0.07%
1,829,754
+50,739
+3% +$3.93M
USMV icon
137
iShares MSCI USA Min Vol Factor ETF
USMV
$23.6B
$140M 0.07%
1,449,879
-71,352
-5% -$6.77M
TSLA icon
138
Tesla
TSLA
$1.47T
$140M 0.07%
331,830
+1,260
+0.4% +$501K
IJT icon
139
iShares S&P Small-Cap 600 Growth ETF
IJT
$7.91B
$137M 0.07%
764,942
-115,129
-13% -$18.7M
XMHQ icon
140
Invesco S&P MidCap Quality ETF
XMHQ
$5.37B
$137M 0.07%
1,209,723
+7,521
+0.6% +$819K
MA icon
141
Mastercard
MA
$497B
$136M 0.07%
264,679
+7,403
+3% +$3.69M
IJK icon
142
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.4B
$135M 0.07%
1,146,816
+36,795
+3% +$4.09M
IWR icon
143
iShares Russell Mid-Cap ETF
IWR
$55B
$134M 0.07%
1,214,574
+16,861
+1% +$1.77M
CWB icon
144
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.62B
$133M 0.07%
1,231,810
+107,969
+10% +$11.2M
BSV icon
145
Vanguard Short-Term Bond ETF
BSV
$46B
$133M 0.07%
1,702,387
+96,924
+6% +$7.56M
ESGD icon
146
iShares ESG Aware MSCI EAFE ETF
ESGD
$12.1B
$131M 0.07%
1,274,392
+39,751
+3% +$4.04M
VEU icon
147
Vanguard FTSE All-World ex-US ETF
VEU
$69.6B
$130M 0.07%
1,549,459
+429,073
+38% +$35.1M
SPMD icon
148
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$18.6B
$130M 0.07%
1,918,268
-30,212
-2% -$1.94M
USRT icon
149
iShares Core US REIT ETF
USRT
$4.31B
$128M 0.07%
1,919,207
+99,543
+5% +$6.41M
SOXX icon
150
iShares Semiconductor ETF
SOXX
$49.1B
$122M 0.07%
189,891
-16,245
-8% -$8.25M
4 5
6
7 8

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Northwestern Mutual Wealth Management's Q2 2026 Portfolio in Review

As of Q2 2026, Northwestern Mutual Wealth Management held 4,584 positions worth $187B, up 15% from $162B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Northwestern Mutual Wealth Management deployed $5.71B of net new capital in Q2 2026, opening 471 new positions and adding to 1,743 existing holdings. Its largest new stake was Cohen & Steers Real Estate Active ETF: 1,031,995 shares worth $29.3M.

By sector, the portfolio is most concentrated in Miscellaneous at 91% of assets, down from 91% a quarter earlier, followed by Technology and Financials.

On the sell side, the largest reduction was iShares MSCI USA Value Factor ETF, an estimated $3.53B trimmed.

  • Northwestern Mutual Wealth Management's largest Q2 2026 buy was Cohen & Steers Real Estate Active ETF: 1,031,995 shares worth $29.3M.
  • Northwestern Mutual Wealth Management added most to Avantis US Large Cap Value ETF in Q2 2026, an estimated $2.63B increase.
  • Northwestern Mutual Wealth Management's biggest Q2 2026 reduction was iShares MSCI USA Value Factor ETF, cutting an estimated $3.53B.
  • Northwestern Mutual Wealth Management fully exited iShares iBonds 1-5 Year Corporate Ladder ETF in Q2 2026, selling an estimated $3.38M.
  • Northwestern Mutual Wealth Management's ten largest holdings make up 46% of its $187B portfolio in Q2 2026.
  • Northwestern Mutual Wealth Management opened 471 new positions and closed 496 in Q2 2026.
  • Northwestern Mutual Wealth Management's portfolio value rose 15% quarter-over-quarter to $187B.

Based on Northwestern Mutual Wealth Management's 13F filing for Q2 2026, filed 12 Aug 2026.