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Northwestern Mutual Wealth Management Co — 13F Holdings & Portfolio

CIK 1141802 · latest 13F-HR filed 2026-08-12

Backtest portfolio

Northwestern Mutual Wealth Management Co manages $187.22B in 13F-reported U.S. long-equity assets across 4,085 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (14.01%), BND (5.54%), IJH (5.47%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 485 new positions and exited 513; 2,094 existing positions rose in reported value and 992 fell.

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.

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AUM
$187.22B

Long-equity book

Holdings
4,085

Distinct positions

Period
2026-06-30

Filed 2026-08-12

Q/Q Activity
+485 / −513 / ↑2094 / ↓992

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
IVV14.0% · +1%BND5.5% · +5%IJH5.5% · +3%SCHF4.6% · +2%IJR3.5% · +3%RSP3.2% · +4%VEA2.5% · +4%SPY2.5% · +2%VWO2.5% · -3%FBND2.5% · +6%IEFA1.9% · +3%TLT1.8% · -12%AVLV1.6% · +1248%IQLT1.6% · +4%QQQ1.2% · -0%VOO1.2% · +11%VO1.0% · +286%VTEB1.0% · -1%DFIV1.0% · +8%IEMG0.9% · +4%VNQ0.9% · +32%IUSB0.8% · +10%AGG0.7% · -1%NVDA0.6% · +2%SCHH0.6% · +558%QQQM0.6% · +5%SCHX0.6% · +9%CGDV0.6% · +9%VTV0.6% · +5%AAPL0.6% · -3%DYNF0.6% · +14%MUB0.5% · +5%GSLC0.5% · -1%BIV0.5% · +6%VV0.5% · -0%VUG0.5% · +513%INTF0.5% · +8%AMZN0.5% · +1%MSFT0.5% · +2%VB0.5% · 0%GOOGL0.4% · -2%IVLU0.4% · +2%VLUE0.4% · -86%MDY0.3% · +4%CGGR0.3% · +1%VGT0.3% · +658%IWB0.3% · -3%EMXC0.3% · +4%FMDE0.3% · +20%AVEM0.3% · +8%SPYM0.3% · +9%FENI0.3% · +9%IEF0.3% · +4%IAU0.3% · -2%SCHM0.2% · +8%COWZ0.2% · -4%CGGO0.2% · -1%AVGO0.2% · +9%META0.2% · +9%SCHD0.2% · -2%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 46.3%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 2094 →

Top Trims

Show all 992 →

New Positions

Show all 485 →

Exited Positions

Show all 513 →

Northwestern Mutual Wealth Management Co Holdings (2026-06-30)

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 $26.23B 14.01% 35,018,846 SH
2 VANGUARD BD INDEX FDS BND 921937835 $10.37B 5.54% 141,274,305 SH
3 ISHARES TR IJH 464287507 $10.24B 5.47% 132,841,270 SH
4 SCHWAB STRATEGIC TR SCHF 808524805 $8.57B 4.58% 309,394,253 SH
5 ISHARES TR IJR 464287804 $6.61B 3.53% 44,570,998 SH
6 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $6.00B 3.21% 28,221,905 SH
7 VANGUARD TAX-MANAGED FDS VEA 921943858 $4.76B 2.54% 66,823,471 SH
8 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $4.66B 2.49% 6,238,087 SH
9 VANGUARD INTL EQUITY INDEX F VWO 922042858 $4.63B 2.48% 77,649,601 SH
10 FIDELITY MERRIMACK STR TR FBND 316188309 $4.62B 2.47% 101,656,759 SH
11 ISHARES TR IEFA 46432F842 $3.60B 1.92% 37,299,272 SH
12 ISHARES TR TLT 464287432 $3.37B 1.80% 38,995,705 SH
13 AMERICAN CENTY ETF TR AVLV 025072349 $2.95B 1.58% 32,368,237 SH
14 ISHARES TR IQLT 46434V456 $2.92B 1.56% 59,026,522 SH
15 INVESCO QQQ TR QQQ 46090E103 $2.34B 1.25% 3,173,768 SH
16 VANGUARD INDEX FDS VOO 922908363 $2.21B 1.18% 3,216,197 SH
17 VANGUARD INDEX FDS VO 922908629 $1.96B 1.05% 24,385,742 SH
18 VANGUARD MUN BD FDS VTEB 922907746 $1.93B 1.03% 38,222,195 SH
19 DIMENSIONAL ETF TRUST DFIV 25434V807 $1.81B 0.97% 33,545,101 SH
20 ISHARES INC IEMG 46434G103 $1.67B 0.89% 20,134,881 SH
21 VANGUARD INDEX FDS VNQ 922908553 $1.63B 0.87% 16,949,846 SH
22 ISHARES TR IUSB 46434V613 $1.54B 0.82% 33,421,651 SH
23 ISHARES TR AGG 464287226 $1.27B 0.68% 12,874,193 SH
24 NVIDIA CORPORATION NVDA 67066G104 $1.19B 0.63% 5,923,023 SH
25 SCHWAB STRATEGIC TR SCHH 808524847 $1.18B 0.63% 49,794,731 SH
26 INVESCO EXCH TRADED FD TR II QQQM 46138G649 $1.17B 0.63% 3,868,368 SH
27 SCHWAB STRATEGIC TR SCHX 808524201 $1.11B 0.59% 37,819,350 SH
28 CAPITAL GROUP DIVIDEND VALUE CGDV 14020W106 $1.06B 0.57% 21,588,874 SH
29 VANGUARD INDEX FDS VTV 922908744 $1.04B 0.56% 4,787,110 SH
30 APPLE INC AAPL 037833100 $1.03B 0.55% 3,571,020 SH
31 BLACKROCK ETF TRUST DYNF 09290C103 $1.03B 0.55% 15,169,385 SH
32 ISHARES TR MUB 464288414 $1.01B 0.54% 9,354,522 SH
33 GOLDMAN SACHS ETF TR GSLC 381430503 $991.5M 0.53% 6,988,089 SH
34 VANGUARD BD INDEX FDS BIV 921937819 $983.5M 0.53% 12,822,370 SH
35 VANGUARD INDEX FDS VV 922908637 $973.8M 0.52% 2,831,461 SH
36 VANGUARD INDEX FDS VUG 922908736 $937.9M 0.50% 10,888,180 SH
37 ISHARES TR INTF 46434V274 $896.3M 0.48% 21,882,011 SH
38 AMAZON COM INC AMZN 023135106 $873.4M 0.47% 3,664,707 SH
39 MICROSOFT CORP MSFT 594918104 $858.0M 0.46% 2,300,016 SH
40 VANGUARD INDEX FDS VB 922908751 $852.9M 0.46% 2,813,902 SH
41 ALPHABET INC GOOGL 02079K305 $791.1M 0.42% 2,213,803 SH
42 ISHARES TR IVLU 46435G409 $779.5M 0.42% 18,638,395 SH
43 ISHARES TR VLUE 46432F388 $659.9M 0.35% 3,302,880 SH
44 STATE STR SPDR S&P MIDCAP 40 MDY 78467Y107 $635.4M 0.34% 903,341 SH
45 CAPITAL GROUP GROWTH ETF CGGR 14020G101 $618.6M 0.33% 13,105,474 SH
46 VANGUARD WORLD FD VGT 92204A702 $565.5M 0.30% 4,731,562 SH
47 ISHARES TR IWB 464287622 $547.7M 0.29% 1,337,416 SH
48 ISHARES INC EMXC 46434G764 $547.4M 0.29% 5,351,025 SH
49 FIDELITY COVINGTON TRUST FMDE 31609A503 $538.6M 0.29% 13,272,880 SH
50 AMERICAN CENTY ETF TR AVEM 025072604 $518.8M 0.28% 5,376,383 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-12 $187.22B 4,085 0001141802-26-000015
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
Filer Information
Address
720 EAST WISCONSIN AVENUE
MILWAUKEE, WI 53202
Phone
(414) 665-8621
Filing Manager
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
MILWAUKEE, WI
Signatory
Matt Moore
Sr Director