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Northwestern Mutual Wealth Management Portfolio holdings
AUM
$162B
1-Year Est. Return
16.35%
This Fund
S&P 500
This Quarter
Est. Return
+6.14%
1 Year Est. Return
+16.35%
3 Year Est. Return
+42.23%
5 Year Est. Return
+39.96%
10 Year Est. Return
+140.73%
AUM
$150B
AUM Growth
+$12.8B
(+9.3%)
Cap. Flow
+$4.59B
Cap. Flow
% of AUM
3.06%
Top 10 Holdings %
Top 10 Hldgs %
48.08%
Holding
4,104
New
448
Increased
1,772
Reduced
1,075
Closed
310
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Intl Quality Factor ETF
IQLT
|
+$828M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$605M |
| 3 |
Vanguard Total Bond Market
BND
|
+$310M |
| 4 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$179M |
| 5 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$177M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab International Equity ETF
SCHF
|
+$1.04B |
| 2 |
Vanguard Morningstar Mid-Cap ETF
VO
|
+$203M |
| 3 |
Pacer US Cash Cows 100 ETF
COWZ
|
+$145M |
| 4 |
NVIDIA
NVDA
|
+$61.2M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
201
Vanguard FTSE All-World ex-US ETF
VEU
$70B
| $68.7M | 0.05% |
962,042
-5,426
| -0.6% | -$374K |
|
202
AutoZone
AZO
$49.7B
| $68.5M | 0.05% |
15,971
-293
| -2% | -$1.18M |
|
203
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.4B
| $68.4M | 0.05% |
1,476,417
+74,271
| +5% | +$3.33M |
|
204
ExxonMobil
XOM
$657B
| $68.3M | 0.05% |
605,710
+16,357
| +3% | +$1.82M |
|
205
iShares 10-20 Year Treasury Bond ETF
TLH
$10.8B
| $68.1M | 0.05% |
661,120
+87,040
| +15% | +$8.8M |
|
206
Citigroup
C
$228B
| $68M | 0.05% |
669,933
+26,291
| +4% | +$2.49M |
|
207
Vanguard Morningstar Small-Cap Growth ETF
VBK
$24.7B
| $67.9M | 0.05% |
228,230
+31,172
| +16% | +$9M |
|
208
Fidelity MSCI Information Technology Index ETF
FTEC
$21.1B
| $67.9M | 0.05% |
305,684
+12,759
| +4% | +$2.65M |
|
209
iShares Morningstar Mid-Cap Growth ETF
IMCG
$4.13B
| $66.6M | 0.04% |
804,983
+23,205
| +3% | +$1.89M |
|
210
Johnson & Johnson
JNJ
$626B
| $66.6M | 0.04% |
359,082
-2,851
| -0.8% | -$488K |
|
211
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.6B
| $66.1M | 0.04% |
593,186
-4,270
| -0.7% | -$469K |
|
212
Boston Scientific
BSX
$74.2B
| $65.6M | 0.04% |
672,079
-1,531
| -0.2% | -$159K |
|
213
iShares Core S&P Total US Stock Market ETF
ITOT
$97.5B
| $64.8M | 0.04% |
444,709
+1,399
| +0.3% | +$196K |
|
214
Freedom 100 Emerging Markets ETF
FRDM
$3.34B
| $64.7M | 0.04% |
1,460,336
+21,948
| +2% | +$921K |
|
215
Dell
DELL
$285B
| $63.4M | 0.04% |
447,340
+25,074
| +6% | +$3.25M |
|
216
Avantis US Small Cap Equity ETF
AVSC
$3.15B
| $63.4M | 0.04% |
1,107,684
+51,269
| +5% | +$2.83M |
|
217
T. Rowe Price Dividend Growth ETF
TDVG
$1.45B
| $62.7M | 0.04% |
1,427,121
+63,196
| +5% | +$2.72M |
|
218
iShares US Healthcare ETF
IYH
$3.76B
| $62.6M | 0.04% |
1,066,771
-62,512
| -6% | -$3.56M |
|
219
Dimensional Emerging Core Equity Market ETF
DFAE
$9.68B
| $61.3M | 0.04% |
1,943,629
+71,733
| +4% | +$2.16M |
|
220
Truist Financial
TFC
$63.9B
| $61.1M | 0.04% |
1,337,200
+1,102,192
| +469% | +$49.7M |
|
|
THRO
221
iShares U.S. Thematic Rotation Active ETF
THRO
$6.71B
| $61.1M | 0.04% |
1,613,682
+636,183
| +65% | +$23.3M |
|
222
AbbVie
ABBV
$442B
| $60.9M | 0.04% |
262,908
+1,872
| +0.7% | +$381K |
|
223
Zscaler
ZS
$28.9B
| $60.7M | 0.04% |
202,483
+13,170
| +7% | +$3.75M |
|
224
iShares S&P 500 Value ETF
IVE
$50B
| $60.4M | 0.04% |
292,373
+23,424
| +9% | +$4.7M |
|
|
DFAI
225
Dimensional International Core Equity Market ETF
DFAI
$17.9B
| $60.4M | 0.04% |
1,660,809
+100,187
| +6% | +$3.54M |
|
Similar funds
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.