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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
+2.04%
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
$158B
AUM Growth
+$8.1B
Cap. Flow
+$5.39B
Cap. Flow %
3.41%
Top 10 Hldgs %
47.3%
Holding
4,314
New
520
Increased
1,834
Reduced
1,140
Closed
305

Top Buys

Rank Stock Value
1
BND icon
Vanguard Total Bond Market
BND
+$319M
2
SCHF icon
Schwab International Equity ETF
SCHF
+$291M
3
IVV icon
iShares Core S&P 500 ETF
IVV
+$278M
4
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$230M
5
DYNF icon
BlackRock US Equity Factor Rotation ETF
DYNF
+$188M

Top Sells

Rank Stock Value
1
DBEF icon
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
+$94.4M
2
LYFT icon
Lyft
LYFT
+$74.6M
3
COWZ icon
Pacer US Cash Cows 100 ETF
COWZ
+$62.5M
4
UBER icon
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
ESBA icon
1826
Empire State Realty Series ES
ESBA
$1.29B
$221K ﹤0.01%
35,000
– –
IBTQ
1827
iShares iBonds Dec 2035 Term Treasury ETF
IBTQ
$235M
$220K ﹤0.01%
8,650
+3,000
+53% +$76.9K
CRL icon
1828
Charles River Laboratories
CRL
$13.4B
$220K ﹤0.01%
1,102
+6
+0.5% +$1.09K
IEZ icon
1829
iShares US Oil Equipment & Services ETF
IEZ
$393M
$219K ﹤0.01%
10,515
+421
+4% +$8.55K
LW icon
1830
Lamb Weston
LW
$7.3B
$218K ﹤0.01%
5,210
-118
-2% -$6.95K
PMO
1831
Franklin Municipal Opportunities Trust
PMO
$290M
$218K ﹤0.01%
20,378
– –
AIZ icon
1832
Assurant
AIZ
$13.9B
$218K ﹤0.01%
905
+191
+27% +$42.7K
BAX icon
1833
Baxter International
BAX
$13.8B
$217K ﹤0.01%
11,350
-2,681
-19% -$53.6K
EQTY icon
1834
Kovitz Core Equity ETF
EQTY
$1.47B
$217K ﹤0.01%
8,025
-34,611
-81% -$909K
IHE icon
1835
iShares US Pharmaceuticals ETF
IHE
$1.64B
$217K ﹤0.01%
2,553
+567
+29% +$45.3K
BTA
1836
DELISTED
BlackRock Long-Term Municipal Advantage Trust
BTA
$216K ﹤0.01%
23,319
-1,500
-6% -$14.2K
OLED icon
1837
Universal Display
OLED
$4.09B
$215K ﹤0.01%
1,842
-157
-8% -$20.4K
WBS icon
1838
Webster Financial
WBS
$12.8B
$215K ﹤0.01%
3,409
+214
+7% +$12.7K
RSPG icon
1839
Invesco S&P 500 Equal Weight Energy ETF
RSPG
$606M
$214K ﹤0.01%
2,695
+318
+13% +$25.3K
VFC icon
1840
VF Corp
VFC
$5.85B
$214K ﹤0.01%
11,837
-2,588
-18% -$41.9K
WYNN icon
1841
Wynn Resorts
WYNN
$10.6B
$213K ﹤0.01%
1,772
-614
-26% -$75.9K
GABC icon
1842
German American Bancorp
GABC
$1.93B
$213K ﹤0.01%
5,427
+124
+2% +$4.89K
HDB icon
1843
HDFC Bank
HDB
$120B
$213K ﹤0.01%
5,818
+3,052
+110% +$110K
ALC icon
1844
Alcon
ALC
$35.9B
$211K ﹤0.01%
2,676
-406
-13% -$31.3K
UFOX
1845
Defiance Space and Connective Tech ETF
UFOX
$923M
$210K ﹤0.01%
3,295
+284
+9% +$18.4K
OTF
1846
Blue Owl Technology Finance Corp
OTF
$5.25B
$210K ﹤0.01%
+14,439
New +$203K
CBC
1847
Central Bancompany Inc
CBC
$7.83B
$210K ﹤0.01%
+8,700
New +$205K
QVML icon
1848
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.54B
$210K ﹤0.01%
5,216
-3
-0.1% -$119
PODD icon
1849
Insulet
PODD
$9.94B
$209K ﹤0.01%
736
+235
+47% +$73.5K
WPP icon
1850
WPP
WPP
$5.8B
$209K ﹤0.01%
9,300
-1,961
-17% -$42.2K
72 73
74
75 76

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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.