Northwestern Mutual Wealth Management Co.

Institutional investor · Portfolio as of Q2 2026

Top Holdings4,085 positions

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Activity:
IVV
IVV
ETF

ISHARES TR

35M$26.2B14.0%$373.26+103.82%
31 qtrssince 2018-Q4
Increased
63
BND
BND
ETF

VANGUARD BD INDEX FDS

141.3M$10.4B5.5%$66.46+6.31%
31 qtrssince 2018-Q4
Increased
65
IJH
IJH
ETF

ISHARES TR

132.8M$10.2B5.5%$46.51+58.78%
31 qtrssince 2018-Q4
Increased
64
SCHF
SCHF
ETF

SCHWAB STRATEGIC TR

309.4M$8.6B4.6%$15.62+72.91%
31 qtrssince 2018-Q4
Increased
60
IJR
IJR
ETF

ISHARES TR

44.6M$6.6B3.5%$88.21+59.44%
31 qtrssince 2018-Q4
Increased
60
RSP
RSP
ETF

INVESCO EXCHANGE TRADED FD T

28.2M$6B3.2%$161.92+36.31%
31 qtrssince 2018-Q4
Increased
61
VEA
VEA
ETF

VANGUARD TAX-MANAGED FDS

66.8M$4.8B2.5%$42.72+62.52%
31 qtrssince 2018-Q4
Increased
57
SPY
SPY
ETF

STATE STR SPDR S&P 500 ETF T

6.2M$4.7B2.5%$342.65+118.86%
31 qtrssince 2018-Q4
Increased
56
VWO
VWO
ETF

VANGUARD INTL EQUITY INDEX F

77.6M$4.6B2.5%$38.96+44.83%
31 qtrssince 2018-Q4
Decreased
0
FBND
FBND
ETF

FIDELITY MERRIMACK STR TR

101.7M$4.6B2.5%$41.92+4.30%
17 qtrssince 2022-Q2
Increased
58
IEFA
IEFA
ETF

ISHARES TR

37.3M$3.6B1.9%——
31 qtrssince 2018-Q4
Increased
52
TLT
TLT
ETF

ISHARES TR

39M$3.4B1.8%$83.57-4.61%
31 qtrssince 2018-Q4
Decreased
0
AVLV
AVLV
ETF

AMERICAN CENTY ETF TR

32.4M$3B1.6%$88.84+6.20%
15 qtrssince 2022-Q4
Increased
81
IQLT
IQLT
ETF

ISHARES TR

59M$2.9B1.6%$42.58+18.65%
30 qtrssince 2019-Q1
Increased
52
QQQ
QQQ
ETF

Invesco QQQ Trust, Series 1

3.2M$2.3B1.2%$227.12+203.00%
31 qtrssince 2018-Q4
Decreased
0
VOO
VOO
ETF

VANGUARD INDEX FDS

3.2M$2.2B1.2%$463.35+50.21%
31 qtrssince 2018-Q4
Increased
56
VO
VO
ETF

VANGUARD INDEX FDS

24.4M$2B1.0%$48.83+66.96%
31 qtrssince 2018-Q4
Decreased
0
VTEB
VTEB
ETF

VANGUARD MUN BD FDS

38.2M$1.9B1.0%$45.51+7.87%
31 qtrssince 2018-Q4
Decreased
0
DFIV
DFIV
ETF

DIMENSIONAL ETF TRUST

33.5M$1.8B1.0%$43.21+31.23%
20 qtrssince 2021-Q3
Increased
48
IEMG
IEMG
ETF

ISHARES INC

20.1M$1.7B0.9%——
31 qtrssince 2018-Q4
Increased
47
$187.2B
AUM
4,085
Positions
Q2 2026
Filing
HI rating · 4.5/5
Quarterly 13F Value Change
Reported 13F value ($B)
Reported 13F values and quarter-over-quarter reported value changes; not investment returns.
QuarterReported value in US dollarsReported value change
2025-Q1$122,280,922,7563.17380259385%
2025-Q2$137,190,418,67512.1928225458%
2025-Q3$150,015,055,8989.34805604273%
2025-Q4$158,118,171,9455.40153519825%
2026-Q1$162,425,866,7432.72435150559%
2026-Q2$187,224,674,88415.2677702378%
Activity profile
$ moved · Q2'26
New0%Increased77%Decreased22%Exited0%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 5.1 years
<1Q6%1-4Q7%1-2Y8%2Y+80%

Northwestern Mutual Wealth Management Co. manages $187.2B across 4085 positions as of Q2 2026. Top holdings: IVV (14.0%), BND (5.5%), IJH (5.5%). Fund DNA: Balanced Allocator. HoldingsIntel Score: 4.5/5.0.

Q2 2026 Summary

Active quarter - 481 new positions, 509 exits, 1746 increased. Top move: AVLV (INCREASED, conviction 81). Portfolio: $187.2B across 4085 positions.

Top holdings by portfolio weight

Total AUM$187B
IVV14.01%
BND5.54%
IJH5.47%
SCHF4.58%
IJR3.53%
RSP3.21%
VEA2.54%
SPY2.49%
VWO2.48%
FBND2.47%
Other1.92%

Portfolio allocation by GICS sector

Sectors11
Unknown90.73%
Technology3.86%
Financial Services1.10%
Communication Services1.08%
Consumer Cyclical0.84%
Industrials0.75%
Healthcare0.64%
Consumer Defensive0.35%
Energy0.32%
Utilities0.16%
Other0.17%

Behavioral investing profile

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Balanced Allocator- primarily Unknown
Compare DNA across all funds
7-dimension, SEC 13F-derived research score
Elite(4.5 / 5.0)
Holdings P&L52
Conviction47
Concentration70
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Position Outcomes

Best and worst performing positions by estimated return

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

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Accumulation Streaks

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Security
7Q
XAGDXXAGDXABRDN GLOBAL DYNAMIC DIVIDEN
Q4 2024 → Q2 2026+599 shares+$12,838
7Q
BCIBCIABRDN ETFS
Q4 2024 → Q2 2026+3M shares+$68.3M
7Q
QMOMQMOMEA SERIES TRUST
Q4 2024 → Q2 2026+209,142 shares+$16.6M
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

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