Data as of Q4 2025 (Dec 31, 2025)

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

โ€ขCIK: 1141802โ€ขFiling: Q4 2025

Northwestern Mutual Wealth Management Co., with $158.1 billion in assets under management, maintains a diversified portfolio with top holdings in SPDR S&P 500 ETF (IVV) and Vanguard Total Bond Market ETF (BND), reflecting a balanced approach between equities and fixed income. Recently, the fund has made notable moves by adding high-growth stocks such as NVR and DraftKings, while exiting positions in iShares Trusts, indicating a strategic shift towards more concentrated, high-potential investments.

Total AUM
$158.1B
QoQ Performance
+5.4%
Positions
2,756
Top 10 Concentration
52.0%
Latest Filing
Q4 2025

Top Holdings Allocation

IVV
BND
IJH
IVV14.7%
BND6.1%
IJH5.2%
SCHF4.5%
IJR3.2%
RSP3.2%
FBND2.7%
VWO2.7%

๐Ÿ“ˆ Biggest Buys

BND
VANGUARD BD INDEX FDS
+3.4%
6.1% of portfolio
SCHF
SCHWAB STRATEGIC TR
+4.3%
4.5% of portfolio
IVV
ISHARES TR
+1.2%
14.7% of portfolio
VEA
VANGUARD TAX-MANAGED FDS
+6.5%
2.4% of portfolio
DYNF
BLACKROCK ETF TRUST
+38.7%
0.4% of portfolio

๐Ÿ“‰ Biggest Sells

DBEF
DBX ETF TR
-20.2%
0.2% of portfolio
COWZ
PACER FDS TR
-11.8%
0.3% of portfolio
QUAL
ISHARES TR
-11.7%
0.2% of portfolio
JPST
J P MORGAN EXCHANGE TRADED F
-19.8%
0.1% of portfolio
NDQ
INVESCO QQQ TR
-2.5%
1.2% of portfolio

Sector Breakdown

Other74.0%
ETF20.1%
Technology3.7%
Consumer0.9%
Financial0.8%
Healthcare0.3%
Industrial0.2%
Energy0.1%

๐Ÿšช Exited Positionssold since Q3 2025

UBER
UBER TECHNOLOGIES INC
SOLD
$97.4M
XLG
INVESCO EXCHANGE TRADED FD T
SOLD
$91.8M
FISV
FISERV INC
SOLD
$87.6M
IUSG
ISHARES TR
SOLD
$83.2M
LYFT
LYFT INC
SOLD
$80.1M
+3584 more exited positions

Changes from Q3 2025

โ†‘150 increased
โ†“50 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023