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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
+6.14%
1 Year Est. Return
+21.7%
3 Year Est. Return
+54.04%
5 Year Est. Return
+49.64%
10 Year Est. Return
+166.47%
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
FSK icon
1776
FS KKR Capital
FSK
$3.42B
$209K ﹤0.01%
14,030
-1,895
-12% -$35.9K
EPP icon
1777
iShares MSCI Pacific ex Japan ETF
EPP
$2.24B
$209K ﹤0.01%
4,048
-1,378
-25% -$69.9K
FVAL icon
1778
Fidelity Value Factor ETF
FVAL
$1.38B
$208K ﹤0.01%
3,024
-1,038
-26% -$68.8K
GABC icon
1779
German American Bancorp
GABC
$1.93B
$208K ﹤0.01%
5,303
– –
MEDP icon
1780
Medpace
MEDP
$16.1B
$208K ﹤0.01%
405
+56
+16% +$24.4K
VFC icon
1781
VF Corp
VFC
$5.85B
$208K ﹤0.01%
14,425
+1,062
+8% +$14.3K
FTCB icon
1782
First Trust Core Investment Grade ETF
FTCB
$2.58B
$206K ﹤0.01%
+9,690
New +$205K
QVML icon
1783
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.54B
$205K ﹤0.01%
5,219
+963
+23% +$36.5K
COLB icon
1784
Columbia Banking Systems
COLB
$9.25B
$205K ﹤0.01%
7,948
+706
+10% +$17.9K
AWF
1785
AllianceBernstein Global High Income Fund
AWF
$875M
$204K ﹤0.01%
18,233
– –
CPRI icon
1786
Capri Holdings
CPRI
$1.74B
$204K ﹤0.01%
10,246
-118
-1% -$2.37K
NFRA icon
1787
FlexShares STOXX Global Broad Infrastructure Index Fund
NFRA
$3.05B
$203K ﹤0.01%
3,221
-34
-1% -$2.11K
TAN icon
1788
Invesco Solar ETF
TAN
$1.36B
$202K ﹤0.01%
4,639
+298
+7% +$11.9K
AVLC icon
1789
Avantis US Large Cap Equity ETF
AVLC
$1.44B
$202K ﹤0.01%
+2,643
New +$195K
RWX icon
1790
State Street SPDR Dow Jones International Real Estate ETF
RWX
$266M
$202K ﹤0.01%
7,268
+2
+0% +$55
BBH icon
1791
VanEck Biotech ETF
BBH
$424M
$202K ﹤0.01%
1,218
-290
-19% -$47.3K
UNM icon
1792
Unum
UNM
$14.8B
$201K ﹤0.01%
2,588
+31
+1% +$2.32K
OLN icon
1793
Olin
OLN
$2.18B
$201K ﹤0.01%
8,051
+121
+2% +$2.69K
XENE icon
1794
Xenon Pharmaceuticals
XENE
$6.03B
$201K ﹤0.01%
5,000
– –
EMO
1795
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.07B
$200K ﹤0.01%
4,457
– –
NXTG icon
1796
First Trust Indxx NextG ETF
NXTG
$576M
$200K ﹤0.01%
1,931
-39
-2% -$3.89K
SRLN icon
1797
State Street Blackstone Senior Loan ETF
SRLN
$5.37B
$200K ﹤0.01%
4,809
-514
-10% -$21.3K
NJR icon
1798
New Jersey Resources
NJR
$5.64B
$200K ﹤0.01%
4,145
-857
-17% -$39.9K
EMBJ
1799
Embraer S.A. ADS
EMBJ
$13.4B
$199K ﹤0.01%
3,295
+1,811
+122% +$102K
SKT icon
1800
Tanger
SKT
$4.42B
$199K ﹤0.01%
5,877
+306
+5% +$9.97K
70 71
72
73 74

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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.