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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
BKAG icon
2301
BNY Mellon Core Bond ETF
BKAG
$2.23B
$64.3K ﹤0.01%
1,518
+1,274
+522% +$54.3K
BLCO icon
2302
Bausch + Lomb
BLCO
$6.09B
$64.2K ﹤0.01%
3,757
+1,039
+38% +$16.5K
MXI icon
2303
iShares Global Materials ETF
MXI
$356M
$64.1K ﹤0.01%
663
+206
+45% +$19.1K
SBGI icon
2304
Sinclair Inc
SBGI
$1.07B
$63.8K ﹤0.01%
4,172
– –
LIEN
2305
Chicago Atlantic BDC
LIEN
$218M
$63.5K ﹤0.01%
+6,146
New +$64.4K
MLI icon
2306
Mueller Industries
MLI
$14.6B
$63.5K ﹤0.01%
1,106
-278
-20% -$14.9K
CVBF icon
2307
CVB Financial
CVBF
$4.09B
$63.3K ﹤0.01%
3,405
– –
XTN icon
2308
State Street SPDR S&P Transportation ETF
XTN
$395M
$63.1K ﹤0.01%
691
+226
+49% +$19.7K
EUAD
2309
Select STOXX Europe Aerospace & Defense ETF
EUAD
$1.26B
$62.7K ﹤0.01%
1,489
+792
+114% +$34.1K
RNXT icon
2310
RenovoRx
RNXT
$63.1M
$62.7K ﹤0.01%
74,616
+20
+0% +$20
TFX icon
2311
Teleflex
TFX
$5.81B
$62.6K ﹤0.01%
513
-1,246
-71% -$151K
NEU icon
2312
NewMarket
NEU
$8.85B
$62.5K ﹤0.01%
91
-26
-22% -$19.9K
GDS icon
2313
GDS Holdings
GDS
$6.89B
$62.4K ﹤0.01%
1,787
– –
NWBI icon
2314
Northwest Bancshares
NWBI
$2.31B
$62.3K ﹤0.01%
5,190
+78
+2% +$949
MGNR icon
2315
American Beacon GLG Natural Resources ETF
MGNR
$916M
$62.2K ﹤0.01%
+1,411
New +$59.1K
DENN
2316
DELISTED
Denny's
DENN
$62.2K ﹤0.01%
10,000
– –
NUW icon
2317
Nuveen AMT-Free Municipal Value Fund
NUW
$253M
$62K ﹤0.01%
4,331
– –
ISHG icon
2318
iShares 1-3 Year International Treasury Bond ETF
ISHG
$828M
$61.9K ﹤0.01%
+823
New +$62.1K
TMC icon
2319
TMC The Metals Company
TMC
$1.74B
$61.9K ﹤0.01%
10,025
+25
+0.3% +$176
TKR icon
2320
Timken Company
TKR
$9.25B
$61.6K ﹤0.01%
732
-145
-17% -$11.5K
MUSA icon
2321
Murphy USA
MUSA
$10.5B
$61.3K ﹤0.01%
152
-36
-19% -$13.8K
KIE icon
2322
State Street SPDR S&P Insurance ETF
KIE
$684M
$61.3K ﹤0.01%
1,019
-825
-45% -$48.6K
HASI icon
2323
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.41B
$60.9K ﹤0.01%
1,937
+977
+102% +$30.8K
CII icon
2324
BlackRock Enhanced Captial and Income Fund
CII
$1.01B
$60.8K ﹤0.01%
2,603
+403
+18% +$9.55K
DCOR icon
2325
Dimensional US Core Equity 1 ETF
DCOR
$3.48B
$60.7K ﹤0.01%
825
– –
91 92
93
94 95

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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.