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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
MAC icon
2001
Macerich
MAC
$7.01B
$113K ﹤0.01%
6,218
+13
+0.2% +$225
IIPR icon
2002
Innovative Industrial Properties
IIPR
$1.62B
$113K ﹤0.01%
2,106
+1,956
+1,304% +$106K
REG icon
2003
Regency Centers
REG
$14B
$112K ﹤0.01%
1,539
+102
+7% +$7.28K
NOK icon
2004
Nokia
NOK
$60.1B
$112K ﹤0.01%
23,303
-26,865
-54% -$121K
TXNM
2005
TXNM Energy Inc
TXNM
$5.91B
$112K ﹤0.01%
1,982
+96
+5% +$5.45K
RL icon
2006
Ralph Lauren
RL
$23.2B
$112K ﹤0.01%
356
+12
+3% +$3.58K
RGA icon
2007
Reinsurance Group of America
RGA
$16.3B
$111K ﹤0.01%
579
+64
+12% +$12.3K
JHX icon
2008
James Hardie Industries
JHX
$18B
$110K ﹤0.01%
5,748
+4,274
+290% +$102K
NTCT icon
2009
NETSCOUT
NTCT
$2.88B
$110K ﹤0.01%
4,265
+1,214
+40% +$28.7K
KIE icon
2010
State Street SPDR S&P Insurance ETF
KIE
$684M
$109K ﹤0.01%
1,844
-3,338
-64% -$194K
UPGD icon
2011
Invesco Bloomberg Analyst Rating Improvers ETF
UPGD
$122M
$109K ﹤0.01%
1,450
– –
FROG icon
2012
JFrog
FROG
$11.6B
$108K ﹤0.01%
2,286
-148
-6% -$6.69K
BBT
2013
Beacon Financial Corp
BBT
$2.69B
$108K ﹤0.01%
4,558
+458
+11% +$11.7K
AOD
2014
abrdn Total Dynamic Dividend Fund
AOD
$1.14B
$108K ﹤0.01%
11,411
– –
CPT icon
2015
Camden Property Trust
CPT
$11.1B
$107K ﹤0.01%
1,006
-40
-4% -$4.4K
EAD
2016
Allspring Income Opportunities Fund
EAD
$377M
$107K ﹤0.01%
15,297
-22,015
-59% -$156K
GVIP icon
2017
Goldman Sachs Hedge Industry VIP ETF
GVIP
$587M
$107K ﹤0.01%
698
+166
+31% +$23.8K
FXO icon
2018
First Trust Financials AlphaDEX Fund
FXO
$1.15B
$107K ﹤0.01%
1,800
+664
+58% +$38.6K
ZEUS
2019
DELISTED
Olympic Steel
ZEUS
$107K ﹤0.01%
3,506
– –
BLD
2020
DELISTED
TopBuild
BLD
$106K ﹤0.01%
272
+33
+14% +$13.2K
CAKE icon
2021
Cheesecake Factory
CAKE
$5.64B
$106K ﹤0.01%
1,944
+611
+46% +$37.4K
AVIG icon
2022
Avantis Core Fixed Income ETF
AVIG
$1.96B
$106K ﹤0.01%
+2,518
New +$105K
MKTX icon
2023
MarketAxess Holdings
MKTX
$5.72B
$106K ﹤0.01%
607
-415
-41% -$81.2K
CBU icon
2024
Community Bank
CBU
$3.46B
$106K ﹤0.01%
1,804
– –
BSVO icon
2025
EA Bridgeway Omni Small-Cap Value ETF
BSVO
$2.52B
$105K ﹤0.01%
4,620
– –
79 80
81
82 83

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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.