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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
VBK icon
151
Vanguard Morningstar Small-Cap Growth ETF
VBK
$23.1B
$120M 0.06%
326,837
+9,709
+3% +$3.31M
HD icon
152
Home Depot
HD
$293B
$119M 0.06%
336,110
+18,005
+6% +$5.86M
DIA icon
153
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.2B
$118M 0.06%
225,299
-8,867
-4% -$4.43M
HYD icon
154
VanEck High Yield Muni ETF
HYD
$3.95B
$116M 0.06%
2,255,747
+110,097
+5% +$5.63M
MTUM icon
155
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
$116M 0.06%
337,175
-46,857
-12% -$14M
SCHE icon
156
Schwab Emerging Markets Equity ETF
SCHE
$13B
$115M 0.06%
3,178,103
-193,776
-6% -$6.92M
SHY icon
157
iShares 1-3 Year Treasury Bond ETF
SHY
$26B
$115M 0.06%
1,400,733
-80,773
-5% -$6.64M
SGOV icon
158
iShares 0-3 Month Treasury Bond ETF
SGOV
$111B
$115M 0.06%
1,139,981
-20,195
-2% -$2.03M
MRVL icon
159
Marvell Technology
MRVL
$235B
$114M 0.06%
382,348
-372,453
-49% -$74.7M
SPYV icon
160
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.2B
$114M 0.06%
1,870,677
-287,257
-13% -$17.2M
UNH icon
161
UnitedHealth
UNH
$338B
$113M 0.06%
272,738
+10,790
+4% +$4M
DFAE icon
162
Dimensional Emerging Core Equity Market ETF
DFAE
$10.2B
$113M 0.06%
2,803,185
+122,169
+5% +$4.73M
AIQ icon
163
Global X Artificial Intelligence & Technology ETF
AIQ
$10.4B
$112M 0.06%
1,702,005
-21,730
-1% -$1.3M
SDVY icon
164
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY
$11B
$111M 0.06%
2,573,813
+75,103
+3% +$3.13M
FDL icon
165
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.62B
$110M 0.06%
2,255,769
+311,652
+16% +$15.6M
PAVE icon
166
Global X US Infrastructure Development ETF
PAVE
$13.5B
$109M 0.06%
1,856,098
+118,138
+7% +$6.63M
EAGG icon
167
iShares ESG Aware US Aggregate Bond ETF
EAGG
$4.97B
$109M 0.06%
2,306,154
+9,602
+0.4% +$455K
PG icon
168
Procter & Gamble
PG
$340B
$108M 0.06%
739,647
-4,211
-0.6% -$613K
OEF icon
169
iShares S&P 100 ETF
OEF
$20.6B
$107M 0.06%
293,013
+20,517
+8% +$7.35M
RTX icon
170
RTX Corp
RTX
$255B
$107M 0.06%
563,777
+10,907
+2% +$2M
GCOW icon
171
Pacer Global Cash Cows Dividend ETF
GCOW
$3.48B
$106M 0.06%
2,440,654
+42,716
+2% +$1.95M
EFG icon
172
iShares MSCI EAFE Growth ETF
EFG
$16.6B
$105M 0.06%
847,247
+25,939
+3% +$3.13M
DBMF icon
173
iMGP DBi Managed Futures Strategy ETF
DBMF
$4.36B
$105M 0.06%
3,426,088
+1,010,345
+42% +$31M
AVDV icon
174
Avantis International Small Cap Value ETF
AVDV
$20.4B
$105M 0.06%
1,016,369
+253,588
+33% +$27M
THRO
175
iShares U.S. Thematic Rotation Active ETF
THRO
$6.92B
$102M 0.05%
2,367,879
-647,406
-21% -$26.8M
5 6
7
8 9

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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.