NORTHWESTERN MUTUAL WEALTH MANAGEMENT CONORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

Institutional investor · Portfolio as of Q3 2025

SEC EDGAR SourceSEC Filings

Top Holdings3,789 positions

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Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction
IVVIVV
ETF

ISHARES CORE S&P 500 ETF

33.4M$22.4B14.9%$361.06+84.02%
28 qtrssince 2018-Q4
Increased
64
BNDBND
ETF

VANGUARD TOTAL BOND MARKET

126.6M$9.4B6.3%$66.54+7.79%
28 qtrssince 2018-Q4
Increased
64
IJHIJH
ETF

ISHARES CORE S&P MIDCAP ETF

122.6M$8B5.3%$56.60+14.61%
28 qtrssince 2018-Q4
Increased
63
SCHFSCHF
ETF

SCHWAB INTL EQUITY ETF

285.5M$6.6B4.4%$16.43+37.18%
28 qtrssince 2018-Q4
Decreased
0
IJRIJR
ETF

ISHARES CORE S&P SMALL-CAP ETF ETF

42.3M$5B3.4%$86.35+36.70%
28 qtrssince 2018-Q4
Increased
60
RSPRSP
ETF

INVESCO S&P 500 EQUAL WEIGHT

25.3M$4.8B3.2%$159.46+18.18%
28 qtrssince 2018-Q4
Increased
60
FBNDFBND
ETF

FIDELITY MERRIMACK STR TR

89.5M$4.1B2.8%$42.04+5.82%
14 qtrssince 2022-Q2
Increased
57
VWOVWO
ETF

VANGUARD FTSE EMERGING MARKETS

74.8M$4.1B2.7%$38.07+38.94%
28 qtrssince 2018-Q4
Increased
57
SPYSPY
Unit

STATE STREET SPDR S&P 500 ETF TRUST CL USD INC

5.9M$3.9B2.6%$325.31+103.41%
28 qtrssince 2018-Q4
Increased
56
TLTTLT
ETF

ISHARES 20 PLUS YEAR TREASURY BD

41.7M$3.7B2.5%$84.18+1.90%
28 qtrssince 2018-Q4
Increased
56
VEAVEA
ETF

VANGUARD FTSE DEVELOPED ETF

58.1M$3.5B2.3%$39.73+47.79%
28 qtrssince 2018-Q4
Increased
58
IEFAIEFA
ETF

ISHARES CORE MSCI EAFE ETF

34M$3B2.0%$55.51+53.60%
28 qtrssince 2018-Q4
Increased
52
VLUEVLUE
ETF

ISHARES MSCI USA VALUE FACTO

22.2M$2.8B1.8%$80.34+54.48%
28 qtrssince 2018-Q4
Increased
52
IQLTIQLT
ETF

ISHARES MSCI INTERNATIONAL Q

53M$2.3B1.6%$42.56+2.09%
27 qtrssince 2019-Q1
Increased
71
QQQQQQ
Unit

INVESCO QQQ TRUST SERIES 1 CL USD INC

3.2M$1.9B1.3%$217.04+175.51%
28 qtrssince 2018-Q4
Decreased
0
VTEBVTEB
ETF

VANGUARD TAX-EXEMPT BOND ETF

35.7M$1.8B1.2%$45.50+6.68%
28 qtrssince 2018-Q4
Increased
51
VOVO
ETF

VANGUARD MID-CAP ETF

6M$1.8B1.2%$47.75+52.14%
28 qtrssince 2018-Q4
Decreased
0
VOOVOO
ETF

VANGUARD S&P 500 ETF

2.5M$1.5B1.0%$411.64+47.80%
28 qtrssince 2018-Q4
Increased
53
DFIVDFIV
ETF

DIMENSIONAL INTERNATIONAL VA

26.9M$1.2B0.8%$42.04+8.82%
17 qtrssince 2021-Q3
Increased
49
IUSBIUSB
ETF

ISHARES TR

26.3M$1.2B0.8%$41.46+8.42%
28 qtrssince 2018-Q4
Increased
49
$150B
AUM
3,789
Positions
Q3 2025
Filing
Rating · 5.0
Quarterly Portfolio Change
+4%Q2'24$101.4B+11%Q3'24$112.6B+5%Q4'24$118.5B+3%Q1'25$122.3B+12%Q2'25$137.2B+9%Q3'25$150B
Activity profile
$ moved · Q3'25
New2%Increased82%Decreased17%Exited0%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 4.9 years
<1Q5%1-4Q6%1-2Y7%2Y+83%

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO manages $150B across 3789 positions as of Q3 2025. Top holdings: IVV (14.9%), BND (6.3%), IJH (5.3%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 5/5.0.

Q3 2025 Summary

Active quarter - 454 new positions, 319 exits, 1770 increased. Top move: IQLT (INCREASED, conviction 71). Portfolio: $150.0B across 3789 positions.

Top holdings by portfolio weight

Total AUM$150B
IVV14.91%
BND6.28%
IJH5.34%
SCHF4.43%
IJR3.35%
RSP3.20%
FBND2.76%
VWO2.70%
SPY2.63%
TLT2.49%
Other2.32%

Portfolio allocation by GICS sector

Sectors11
Unknown90.61%
Technology3.55%
Financial Services1.27%
Communication Services1.14%
Consumer Cyclical1.02%
Industrials0.74%
Healthcare0.67%
Consumer Defensive0.43%
Energy0.26%
Utilities0.14%
Other0.17%

Behavioral investing profile

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Balanced Allocator- primarily Unknown
Compare DNA across all funds
7-dimension quality assessment
Elite(5.0 / 5.0)
Track Record57
Conviction41
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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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

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