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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
FAX
2351
abrdn Asia-Pacific Income Fund
FAX
$599M
$56.5K ﹤0.01%
3,680
+50
+1% +$771
WIW
2352
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$512M
$56.2K ﹤0.01%
+6,545
New +$57.6K
BSJR icon
2353
Invesco BulletShares 2027 High Yield Corporate Bond ETF
BSJR
$884M
$55.6K ﹤0.01%
2,459
+1,103
+81% +$25K
CRMD icon
2354
CorMedix
CRMD
$592M
$55.5K ﹤0.01%
4,768
– –
WING icon
2355
Wingstop
WING
$3.44B
$55.4K ﹤0.01%
232
+33
+17% +$8.17K
HQY icon
2356
HealthEquity
HQY
$8.76B
$55.3K ﹤0.01%
604
+396
+190% +$37.9K
JBTM
2357
JBT Marel
JBTM
$6.23B
$55.3K ﹤0.01%
367
+113
+44% +$15.9K
IBN icon
2358
ICICI Bank
IBN
$107B
$55.2K ﹤0.01%
1,853
-405
-18% -$12.4K
UGI icon
2359
UGI
UGI
$7.59B
$55.2K ﹤0.01%
1,475
-855
-37% -$30.3K
WEYS icon
2360
Weyco Group
WEYS
$432M
$55.1K ﹤0.01%
+1,800
New +$55K
SH icon
2361
ProShares Short S&P500
SH
$841M
$54.8K ﹤0.01%
+1,522
New +$55.8K
LCTU icon
2362
iShares U.S. Carbon Transition Readiness Aware Active ETF
LCTU
$1.26B
$54.8K ﹤0.01%
739
-401
-35% -$29.5K
KE
2363
Kimball Electronics
KE
$622M
$54.6K ﹤0.01%
1,962
– –
AIO
2364
Virtus Artificial Intelligence & Technology Opportunities Fund
AIO
$915M
$54.4K ﹤0.01%
2,500
– –
BFLY icon
2365
Butterfly Network
BFLY
$2.35B
$54.4K ﹤0.01%
14,305
+9,805
+218% +$26.7K
SILJ icon
2366
Amplify Junior Silver Miners ETF
SILJ
$3.95B
$54.3K ﹤0.01%
1,963
+1,029
+110% +$25.4K
APPF icon
2367
AppFolio
APPF
$7.23B
$54.2K ﹤0.01%
233
+41
+21% +$9.74K
ATEC icon
2368
Alphatec Holdings
ATEC
$1.51B
$54.1K ﹤0.01%
2,571
+1,571
+157% +$29.1K
OCGN icon
2369
Ocugen
OCGN
$458M
$54K ﹤0.01%
40,000
– –
VFMV icon
2370
Vanguard US Minimum Volatility ETF
VFMV
$447M
$53.8K ﹤0.01%
413
+139
+51% +$18.1K
RFMZ
2371
RiverNorth Flexible Municipal Income Fund II
RFMZ
$326M
$53.8K ﹤0.01%
+4,250
New +$55K
TAFI icon
2372
AB Tax-Aware Short Duration Municipal ETF
TAFI
$1.37B
$53.4K ﹤0.01%
2,117
+226
+12% +$5.71K
AMTX icon
2373
Aemetis
AMTX
$128M
$53.4K ﹤0.01%
38,388
– –
SOXQ icon
2374
Invesco PHLX Semiconductor ETF
SOXQ
$2.93B
$53.3K ﹤0.01%
955
+1
+0.1% +$55
GERN icon
2375
Geron
GERN
$943M
$52.8K ﹤0.01%
40,000
-2,050
-5% -$2.57K
93 94
95
96 97

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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.