NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO — 13F Holdings & Portfolio
CIK 1141802 · latest 13F-HR filed 2026-05-07
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO manages $162.43B in 13F-reported U.S. long-equity assets across 4,113 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are IVV (13.91%), BND (6.11%), IJH (5.36%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 568 new positions, exited 462, added to 1,661, and trimmed 1,187.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$162.43B
Long-equity book
4,113
Distinct positions
2026-03-31
Filed 2026-05-07
+568 / −462 / ↑1661 / ↓1187
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ISHARES TR$463.2M +5.6%
- ISHARES TR$284.7M +5.6%
- VANGUARD TAX-MANAGED FDS$244.6M +6.3%
- DIMENSIONAL ETF TRUST$175.3M +11.9%
- ISHARES TR$164.2M +5.3%
Top Trims
- MICROSOFT CORP-$143.0M -14.7%
- ALPHABET INC-$81.2M -11.1%
- VANGUARD INDEX FDS-$78.8M -9.2%
- APPLE INC-$75.9M -7.5%
- ISHARES TR-$64.5M -42.7%
New Positions
- VICTORY PORTFOLIOS II$38.3M
- ASTRAZENECA PLC$8.7M
- BNY MELLON ETF TRUST II$4.5M
- ISHARES TR$3.4M
- LAZARD ACTIVE ETF TR$1.4M
Exited Positions
- CYBERARK SOFTWARE LTD$10.5M
- ASTRAZENECA PLC$7.9M
- ETF OPPORTUNITIES TRUST$1.4M
- ADAPTHEALTH CORP$733.6K
- PINNACLE FINL PARTNERS INC$703.8K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ISHARES TR | IVV | 464287200 | $22.60B | 13.91% | 34,597,700 | SH |
| 2 | VANGUARD BD INDEX FDS | BND | 921937835 | $9.93B | 6.11% | 134,816,565 | SH |
| 3 | ISHARES TR | IJH | 464287507 | $8.70B | 5.36% | 128,823,592 | SH |
| 4 | SCHWAB STRATEGIC TR | SCHF | 808524805 | $7.48B | 4.61% | 302,286,734 | SH |
| 5 | ISHARES TR | IJR | 464287804 | $5.40B | 3.32% | 43,438,406 | SH |
| 6 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $5.20B | 3.20% | 27,094,873 | SH |
| 7 | FIDELITY MERRIMACK STR TR | FBND | 316188309 | $4.37B | 2.69% | 95,853,856 | SH |
| 8 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $4.33B | 2.67% | 80,160,119 | SH |
| 9 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $4.11B | 2.53% | 64,148,091 | SH |
| 10 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $3.98B | 2.45% | 6,112,403 | SH |
| 11 | ISHARES TR | TLT | 464287432 | $3.85B | 2.37% | 44,380,392 | SH |
| 12 | ISHARES TR | IEFA | 46432F842 | $3.29B | 2.03% | 36,342,282 | SH |
| 13 | ISHARES TR | VLUE | 46432F388 | $3.27B | 2.02% | 23,028,163 | SH |
| 14 | ISHARES TR | IQLT | 46434V456 | $2.62B | 1.61% | 56,735,506 | SH |
| 15 | VANGUARD MUN BD FDS | VTEB | 922907746 | $1.92B | 1.18% | 38,571,552 | SH |
| 16 | INVESCO QQQ TR | QQQ | 46090E103 | $1.84B | 1.13% | 3,182,188 | SH |
| 17 | VANGUARD INDEX FDS | VO | 922908629 | $1.81B | 1.12% | 6,309,032 | SH |
| 18 | VANGUARD INDEX FDS | VOO | 922908363 | $1.73B | 1.06% | 2,887,575 | SH |
| 19 | DIMENSIONAL ETF TRUST | DFIV | 25434V807 | $1.65B | 1.01% | 31,175,901 | SH |
| 20 | ISHARES TR | IUSB | 46434V613 | $1.40B | 0.86% | 30,338,047 | SH |
| 21 | ISHARES INC | IEMG | 46434G103 | $1.36B | 0.83% | 19,440,275 | SH |
| 22 | ISHARES TR | AGG | 464287226 | $1.29B | 0.79% | 12,962,808 | SH |
| 23 | VANGUARD INDEX FDS | VNQ | 922908553 | $1.14B | 0.70% | 12,831,491 | SH |
| 24 | NVIDIA CORPORATION | NVDA | 67066G104 | $1.01B | 0.62% | 5,796,037 | SH |
| 25 | ISHARES TR | MUB | 464288414 | $945.1M | 0.58% | 8,903,359 | SH |
| 26 | APPLE INC | AAPL | 037833100 | $932.3M | 0.57% | 3,673,641 | SH |
| 27 | VANGUARD BD INDEX FDS | BIV | 921937819 | $931.6M | 0.57% | 12,069,986 | SH |
| 28 | SCHWAB STRATEGIC TR | SCHX | 808524201 | $892.5M | 0.55% | 34,809,568 | SH |
| 29 | VANGUARD INDEX FDS | VTV | 922908744 | $890.8M | 0.55% | 4,540,035 | SH |
| 30 | GOLDMAN SACHS ETF TR | GSLC | 381430503 | $886.6M | 0.55% | 7,085,798 | SH |
| 31 | INVESCO EXCH TRADED FD TR II | QQQM | 46138G649 | $878.0M | 0.54% | 3,694,937 | SH |
| 32 | VANGUARD INDEX FDS | VV | 922908637 | $849.2M | 0.52% | 2,841,612 | SH |
| 33 | CAPITAL GROUP DIVIDEND VALUE | CGDV | 14020W106 | $842.6M | 0.52% | 19,806,076 | SH |
| 34 | MICROSOFT CORP | MSFT | 594918104 | $831.9M | 0.51% | 2,247,277 | SH |
| 35 | ISHARES TR | INTF | 46434V274 | $787.8M | 0.49% | 20,220,438 | SH |
| 36 | VANGUARD INDEX FDS | VUG | 922908736 | $775.7M | 0.48% | 1,775,949 | SH |
| 37 | BLACKROCK ETF TRUST | DYNF | 09290C103 | $770.8M | 0.47% | 13,249,358 | SH |
| 38 | AMAZON COM INC | AMZN | 023135106 | $758.6M | 0.47% | 3,642,218 | SH |
| 39 | VANGUARD INDEX FDS | VB | 922908751 | $736.8M | 0.45% | 2,812,991 | SH |
| 40 | ISHARES TR | IVLU | 46435G409 | $721.6M | 0.44% | 18,186,706 | SH |
| 41 | ALPHABET INC | GOOGL | 02079K305 | $650.0M | 0.40% | 2,260,545 | SH |
| 42 | ISHARES GOLD TR | IAU | 464285204 | $568.6M | 0.35% | 6,449,886 | SH |
| 43 | STATE STR SPDR S&P MIDCAP 40 | MDY | 78467Y107 | $533.4M | 0.33% | 864,768 | SH |
| 44 | CAPITAL GROUP GROWTH ETF | CGGR | 14020G101 | $520.3M | 0.32% | 12,947,006 | SH |
| 45 | ISHARES TR | IWB | 464287622 | $492.1M | 0.30% | 1,380,105 | SH |
| 46 | PACER FDS TR | COWZ | 69374H881 | $478.2M | 0.29% | 7,643,470 | SH |
| 47 | ISHARES TR | IEF | 464287440 | $463.0M | 0.29% | 4,850,856 | SH |
| 48 | VANGUARD WORLD FD | VGT | 92204A702 | $435.7M | 0.27% | 624,524 | SH |
| 49 | FIDELITY COVINGTON TRUST | FENI | 31609A404 | $432.5M | 0.27% | 11,625,396 | SH |
| 50 | SCHWAB STRATEGIC TR | SCHD | 808524797 | $421.4M | 0.26% | 13,734,714 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-07 | $162.43B | 4,113 | 0001085146-26-000398 |
| 2025-12-31 | 2026-02-10 | $158.12B | 4,007 | 0001141802-26-000007 |