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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
NBB icon
2251
Nuveen Taxable Municipal Income Fund
NBB
$454M
$75.4K ﹤0.01%
4,773
+1,200
+34% +$19.4K
MUA icon
2252
BlackRock MuniAssets Fund
MUA
$521M
$75K ﹤0.01%
7,003
– –
INSM icon
2253
Insmed
INSM
$27B
$74.8K ﹤0.01%
430
+316
+277% +$57.7K
NFJ
2254
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.46B
$74.8K ﹤0.01%
5,805
+400
+7% +$5.16K
FICS icon
2255
First Trust International Developed Capital Strength ETF
FICS
$213M
$74.2K ﹤0.01%
1,851
+549
+42% +$21.4K
LKQ icon
2256
LKQ Corp
LKQ
$6.43B
$73.7K ﹤0.01%
2,441
-21
-0.9% -$633
FLGB icon
2257
Franklin FTSE United Kingdom ETF
FLGB
$925M
$73.5K ﹤0.01%
2,178
+523
+32% +$17.2K
ECG
2258
Everus Construction Group
ECG
$7.2B
$73.3K ﹤0.01%
857
+1
+0.1% +$89
EBND icon
2259
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.28B
$72.9K ﹤0.01%
3,412
-1,407
-29% -$29.9K
MDU icon
2260
MDU Resources
MDU
$4.34B
$72.8K ﹤0.01%
3,729
+163
+5% +$3.21K
EQNR icon
2261
Equinor
EQNR
$96.8B
$72.8K ﹤0.01%
3,079
-95
-3% -$2.24K
ALSN icon
2262
Allison Transmission
ALSN
$10.4B
$72.5K ﹤0.01%
741
-309
-29% -$27.1K
HQH
2263
abrdn Healthcare Investors
HQH
$1.33B
$72.1K ﹤0.01%
3,805
+250
+7% +$4.72K
TOWN icon
2264
Towne Bank
TOWN
$3.5B
$72K ﹤0.01%
2,158
– –
SMBK icon
2265
SmartFinancial
SMBK
$902M
$71.9K ﹤0.01%
1,945
– –
FAB icon
2266
First Trust Multi Cap Value AlphaDEX Fund
FAB
$178M
$71.8K ﹤0.01%
806
+5
+0.6% +$437
OPTU
2267
Optimum Communications Inc
OPTU
$251M
$71.5K ﹤0.01%
43,315
-9,252
-18% -$18.8K
CHY
2268
Calamos Convertible and High Income Fund
CHY
$1.09B
$71.4K ﹤0.01%
6,313
+500
+9% +$5.73K
BAC.PRL icon
2269
Bank of America Series L
BAC.PRL
$4.02B
$71.4K ﹤0.01%
57
– –
VIPS icon
2270
Vipshop
VIPS
$6.81B
$71.2K ﹤0.01%
4,025
+98
+2% +$1.89K
XMTR icon
2271
Xometry
XMTR
$5.52B
$71K ﹤0.01%
+1,194
New +$67.3K
EPAM icon
2272
EPAM Systems
EPAM
$5.18B
$70.9K ﹤0.01%
346
+36
+12% +$6.42K
EWJV icon
2273
iShares MSCI Japan Value ETF
EWJV
$754M
$70.8K ﹤0.01%
1,783
+761
+74% +$30.1K
DMO
2274
Western Asset Mortgage Opportunity Fund
DMO
$120M
$70.8K ﹤0.01%
6,400
– –
RSPS icon
2275
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$249M
$70.8K ﹤0.01%
2,438
-224
-8% -$6.55K
89 90
91
92 93

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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.