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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
+8.01%
1 Year Est. Return
+16.35%
3 Year Est. Return
+42.23%
5 Year Est. Return
+39.96%
10 Year Est. Return
+139.68%
AUM
$137B
AUM Growth
+$14.9B
(+12%)
Cap. Flow
+$5.51B
Cap. Flow
% of AUM
4.01%
Top 10 Holdings %
Top 10 Hldgs %
49.26%
Holding
4,079
New
427
Increased
1,689
Reduced
1,105
Closed
423
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Intl Quality Factor ETF
IQLT
|
+$1.3B |
| 2 |
Dimensional International Value ETF
DFIV
|
+$947M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$684M |
| 4 |
iShares International Equity Factor ETF
INTF
|
+$515M |
| 5 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$341M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShare MSCI Eurozone ETF
EZU
|
+$2.12B |
| 2 |
Schwab International Equity ETF
SCHF
|
+$341M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$245M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$111M |
| 5 |
Pacer US Cash Cows 100 ETF
COWZ
|
+$71.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.57% |
| 2 | Financials | 1.29% |
| 3 | Communication Services | 1.14% |
| 4 | Consumer Discretionary | 1.07% |
| 5 | Industrials | 0.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$876B
| $20.2B | 14.7% |
32,488,472
+1,190,963
| +4% | +$684M |
|
2
Vanguard Total Bond Market
BND
$157B
| $9.01B | 6.57% |
122,402,361
+3,485,369
| +3% | +$253M |
|
|
3
iShares Core S&P Mid-Cap ETF
IJH
$123B
| $7.44B | 5.42% |
119,891,228
+5,810,344
| +5% | +$341M |
|
|
4
Schwab International Equity ETF
SCHF
$65.6B
| $7.33B | 5.34% |
331,705,736
-16,386,474
| -5% | -$341M |
|
5
iShares Core S&P Small-Cap ETF
IJR
$109B
| $4.51B | 3.29% |
41,302,922
+2,252,323
| +6% | +$233M |
|
6
Invesco S&P 500 Equal Weight ETF
RSP
$96.1B
| $4.48B | 3.27% |
24,657,672
+1,103,629
| +5% | +$190M |
|
7
Fidelity Total Bond ETF
FBND
$26.9B
| $3.94B | 2.87% |
86,126,703
+4,963,926
| +6% | +$225M |
|
8
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $3.58B | 2.61% |
40,525,707
+2,508,650
| +7% | +$219M |
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $3.58B | 2.61% |
5,786,231
+216,165
| +4% | +$124M |
|
10
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $3.54B | 2.58% |
71,616,772
+3,096,579
| +5% | +$144M |
|
|
11
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $3.14B | 2.29% |
55,051,672
-4,576,542
| -8% | -$245M |
|
|
12
iShares Core MSCI EAFE ETF
IEFA
$186B
| $2.73B | 1.99% |
32,755,829
-1,400,503
| -4% | -$111M |
|
13
iShares MSCI USA Value Factor ETF
VLUE
$9.4B
| $2.44B | 1.78% |
21,582,330
+904,701
| +4% | +$95.4M |
|
14
Vanguard Mid-Cap ETF
VO
$106B
| $1.88B | 1.37% |
26,933,236
+1,928,640
| +8% | +$127M |
|
15
Invesco QQQ Trust
QQQ
$455B
| $1.78B | 1.3% |
3,223,327
+22,220
| +0.7% | +$11.1M |
|
16
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
| $1.72B | 1.26% |
35,166,659
+669,274
| +2% | +$32.7M |
|
|
17
iShares MSCI Intl Quality Factor ETF
IQLT
$13.6B
| $1.46B | 1.07% |
33,858,904
+31,439,365
| +1,299% | +$1.3B |
|
18
Vanguard S&P 500 ETF
VOO
$968B
| $1.33B | 0.97% |
2,339,290
+99,646
| +4% | +$52.4M |
|
19
iShares Core US Aggregate Bond ETF
AGG
$138B
| $1.19B | 0.87% |
11,963,480
+417,611
| +4% | +$40.9M |
|
20
iShares Core Universal USD Bond ETF
IUSB
$42.6B
| $1.12B | 0.82% |
24,317,154
+1,330,484
| +6% | +$60.7M |
|
21
iShares Core MSCI Emerging Markets ETF
IEMG
$149B
| $1.08B | 0.79% |
18,018,452
-267,143
| -1% | -$14.9M |
|
|
22
Dimensional International Value ETF
DFIV
$20.7B
| $1.05B | 0.77% |
24,627,560
+23,241,330
| +1,677% | +$947M |
|
23
Microsoft
MSFT
$2.84T
| $958M | 0.7% |
1,926,843
+70,739
| +4% | +$30.7M |
|
24
NVIDIA
NVDA
$5.01T
| $927M | 0.68% |
5,867,958
+349,633
| +6% | +$44M |
|
25
Vanguard Real Estate ETF
VNQ
$39.9B
| $901M | 0.66% |
10,113,178
+570,141
| +6% | +$50.3M |
|
Similar funds
Northwestern Mutual Wealth Management's Q2 2025 Portfolio in Review
As of Q2 2025, Northwestern Mutual Wealth Management held 4,079 positions worth $137B, up 12% from $122B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Northwestern Mutual Wealth Management deployed $5.51B of net new capital in Q2 2025, opening 427 new positions and adding to 1,689 existing holdings. Its largest new stake was iShares U.S. Thematic Rotation Active ETF: 977,499 shares worth $34.8M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, up from 3.1% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was iShare MSCI Eurozone ETF, an estimated $2.12B trimmed.
- Northwestern Mutual Wealth Management's largest Q2 2025 buy was iShares U.S. Thematic Rotation Active ETF: 977,499 shares worth $34.8M.
- Northwestern Mutual Wealth Management added most to iShares MSCI Intl Quality Factor ETF in Q2 2025, an estimated $1.3B increase.
- Northwestern Mutual Wealth Management's biggest Q2 2025 reduction was iShare MSCI Eurozone ETF, cutting an estimated $2.12B.
- Northwestern Mutual Wealth Management fully exited Discover Financial Services in Q2 2025, selling an estimated $3.76M.
- Northwestern Mutual Wealth Management's ten largest holdings make up 49% of its $137B portfolio in Q2 2025.
- Northwestern Mutual Wealth Management opened 427 new positions and closed 423 in Q2 2025.
- Northwestern Mutual Wealth Management's portfolio value rose 12% quarter-over-quarter to $137B.
Based on Northwestern Mutual Wealth Management's 13F filing for Q2 2025, filed 13 Aug 2025.