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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
ILMN icon
1901
Illumina
ILMN
$28.8B
$151K ﹤0.01%
1,590
-3,082
-66% -$306K
IAI icon
1902
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.39B
$151K ﹤0.01%
853
-51
-6% -$8.88K
QQQX icon
1903
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.5B
$150K ﹤0.01%
5,479
+713
+15% +$19.1K
AUB icon
1904
Atlantic Union Bankshares
AUB
$6.12B
$150K ﹤0.01%
4,252
-205
-5% -$6.97K
AR icon
1905
Antero Resources
AR
$11.5B
$150K ﹤0.01%
4,469
+487
+12% +$16.2K
MORT icon
1906
VanEck Mortgage REIT Income ETF
MORT
$375M
$150K ﹤0.01%
13,899
-11,043
-44% -$119K
GXC icon
1907
State Street SPDR S&P China ETF
GXC
$470M
$149K ﹤0.01%
+1,422
New +$136K
ALE
1908
DELISTED
Allete
ALE
$148K ﹤0.01%
2,233
+52
+2% +$3.38K
SILA
1909
DELISTED
Sila Realty Trust
SILA
$147K ﹤0.01%
5,869
-274
-4% -$6.82K
BKH icon
1910
Black Hills Corp
BKH
$5.66B
$147K ﹤0.01%
2,390
+46
+2% +$2.71K
GH icon
1911
Guardant Health
GH
$21.1B
$147K ﹤0.01%
2,347
– –
RSPH icon
1912
Invesco S&P 500 Equal Weight Health Care ETF
RSPH
$794M
$146K ﹤0.01%
4,980
-52
-1% -$1.5K
RUSHA icon
1913
Rush Enterprises Class A
RUSHA
$9.6B
$146K ﹤0.01%
2,727
– –
FUBO icon
1914
FuboTV Inc
FUBO
$307M
$145K ﹤0.01%
+2,912
New +$132K
FRST icon
1915
Primis Financial Corp
FRST
$413M
$145K ﹤0.01%
13,780
– –
TPHD icon
1916
Timothy Plan High Dividend Stock ETF
TPHD
$371M
$145K ﹤0.01%
3,675
+627
+21% +$24.3K
EGP icon
1917
EastGroup Properties
EGP
$10.9B
$144K ﹤0.01%
853
-24
-3% -$3.98K
IBTQ
1918
iShares iBonds Dec 2035 Term Treasury ETF
IBTQ
$235M
$144K ﹤0.01%
+5,650
New +$143K
IHE icon
1919
iShares US Pharmaceuticals ETF
IHE
$1.64B
$144K ﹤0.01%
1,986
+87
+5% +$6K
FOF icon
1920
Cohen & Steers Closed End Opportunity Fund
FOF
$382M
$144K ﹤0.01%
11,039
-959
-8% -$12.4K
NFG icon
1921
National Fuel Gas
NFG
$7.79B
$144K ﹤0.01%
1,558
-23
-1% -$2K
NMRK icon
1922
Newmark Group
NMRK
$2.76B
$143K ﹤0.01%
7,662
+7,551
+6,803% +$123K
WS icon
1923
Worthington Steel
WS
$1.93B
$143K ﹤0.01%
4,696
– –
DSTL icon
1924
Distillate US Fundamental Stability & Value ETF
DSTL
$2.08B
$143K ﹤0.01%
2,459
+6
+0.2% +$339
RNG icon
1925
RingCentral
RNG
$5.39B
$142K ﹤0.01%
5,026
-10
-0.2% -$291
75 76
77
78 79

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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.