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NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

720 EAST WISCONSIN AVENUE, MILWAUKEE, WI 53202 • 414-665-8621

Q3 2025 · Filed 2025-11-14
Market Value
$150.0B
+9.3%
Holdings
3,910
-1
New Purchases
393
Added To
1,736
Closed
294
Reduced
1,049
Top 10 Concentration
48.1%
Turnover
17.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IQLT 1.56% 1.07% +0.50% $2.3B
IVV 14.92% 14.71% +0.21% $22.4B
VWO 2.70% 2.58% +0.12% $4.1B
FMDE 0.17% 0.06% +0.11% $252M
DYNF 0.32% 0.23% +0.09% $478M
AAPL 0.64% 0.56% +0.08% $956M
AVDE 0.14% 0.06% +0.08% $213M
GOOGL 0.38% 0.30% +0.08% $569M
FENI 0.19% 0.11% +0.08% $281M
VLUE 1.85% 1.78% +0.07% $2.8B
IJR 3.35% 3.29% +0.06% $5.0B
BDYN 0.06% 0.00% +0.06% $92M
MDY 0.31% 0.25% +0.06% $470M
DFIV 0.83% 0.77% +0.06% $1.2B
IAU 0.27% 0.23% +0.04% $406M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SCHF 4.43% 5.34% -0.91% $6.6B
BND 6.28% 6.57% -0.29% $9.4B
VO 1.18% 1.37% -0.19% $1.8B
TLT 2.49% 2.61% -0.12% $3.7B
COWZ 0.35% 0.47% -0.12% $520M
FBND 2.76% 2.87% -0.11% $4.1B
IJH 5.34% 5.42% -0.08% $8.0B
AGG 0.79% 0.87% -0.07% $1.2B
RSP 3.20% 3.27% -0.07% $4.8B
VTEB 1.19% 1.26% -0.06% $1.8B
SCHD 0.28% 0.33% -0.05% $425M
CRM 0.07% 0.11% -0.05% $98M
VGSH 0.02% 0.06% -0.04% $30M
DBEF 0.30% 0.34% -0.04% $452M
AMZN 0.49% 0.53% -0.04% $740M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 92.3%
Technology 3.2%
Communication Services 1.1%
Consumer Cyclical 0.9%
Industrials 0.8%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 81 $55.5B 37.0%
Large Cap 1,039 $80.8B 53.9%
Mid Cap 1,170 $11.3B 7.5%
Small Cap 1,174 $2.2B 1.5%
Micro Cap 446 $98M 0.1%

Portfolio Analytics

Avg Market Cap
$28.8B
Median Market Cap
$3.1B
Avg P/E
30.6
Median P/E
19.5
Avg Dividend Yield
0.03%
Avg Beta
1.01
# Stocks
2,382
# ETFs / Funds
1,529

Top Holdings (3,910 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 14.92% 33,427,901 $22.4B $669.30 $2.2B +939,429 +2.9%
2 BND 6.28% 126,617,235 $9.4B $74.37 $404M +4,214,874 +3.4%
3 IJH 5.34% 122,648,738 $8.0B $65.26 $568M +2,757,510 +2.3%
4 SCHF 4.43% 285,507,134 $6.6B $23.28 -$684M -46,198,602 -13.9%
5 IJR 3.35% 42,327,458 $5.0B $118.83 $516M +1,024,536 +2.5%
6 RSP 3.20% 25,293,041 $4.8B $189.70 $317M +635,369 +2.6%
7 FBND 2.76% 89,517,143 $4.1B $46.24 $199M +3,390,440 +3.9%
8 VWO 2.70% 74,834,185 $4.1B $54.18 $512M +3,217,413 +4.5%
9 SPY 2.63% 5,913,366 $3.9B $666.18 $364M +127,135 +2.2%
10 TLT 2.49% 41,721,495 $3.7B $89.37 $152M +1,195,788 +3.0%
11 VEA 2.32% 58,128,458 $3.5B $59.92 $345M +3,076,786 +5.6%
12 IEFA 1.98% 33,954,853 $3.0B $87.31 $230M +1,199,024 +3.7%
13 VLUE 1.85% 22,160,303 $2.8B $125.05 $328M +577,973 +2.7%
14 IQLT 1.56% 53,043,095 $2.3B $44.19 $881M +19,184,191 +56.7%
15 QQQ 1.27% 3,172,010 $1.9B $600.37 $126M -51,317 -1.6%
16 VTEB 1.19% 35,747,656 $1.8B $50.07 $66M +580,997 +1.6%
17 VO 1.18% 6,026,776 $1.8B $293.74 -$114M -706,533 -10.5%
18 VOO 1.00% 2,459,435 $1.5B $612.38 $177M +120,145 +5.1%
19 DFIV 0.83% 26,884,410 $1.2B $46.12 $185M +2,256,850 +9.2%
20 IUSB 0.82% 26,298,023 $1.2B $46.71 $104M +1,980,869 +8.2%
21 IEMG 0.81% 18,399,513 $1.2B $65.92 $131M +381,061 +2.1%
22 AGG 0.79% 11,865,716 $1.2B $100.25 $3M -97,764 -0.8%
23 NVDA 0.69% 5,516,759 $1.0B $186.58 $102M -351,199 -6.0%
24 MSFT 0.67% 1,942,445 $1.0B $517.95 $48M +15,602 +0.8%
25 VNQ 0.67% 10,960,194 $1.0B $91.42 $101M +847,016 +8.4%
26 AAPL 0.64% 3,752,997 $956M $254.63 $192M +29,487 +0.8%
27 QQQM 0.59% 3,598,711 $889M $247.12 $125M +231,965 +6.9%
28 GSLC 0.59% 6,800,158 $886M $130.28 $47M -109,776 -1.6%
29 MUB 0.58% 8,102,619 $863M $106.49 $91M +710,666 +9.6%
30 VUG 0.57% 1,776,106 $852M $479.61 $69M -9,433 -0.5%
31 VV 0.56% 2,745,324 $845M $307.86 $53M -31,428 -1.1%
32 SCHX 0.52% 29,438,303 $775M $26.34 $95M +1,616,966 +5.8%
33 BIV 0.52% 9,911,931 $774M $78.09 $70M +805,042 +8.8%
34 AMZN 0.49% 3,368,134 $740M $219.57 $10M +44,879 +1.4%
35 VTV 0.48% 3,866,085 $721M $186.49 $53M +85,410 +2.3%
36 CGDV 0.47% 16,693,552 $702M $42.03 $96M +1,365,491 +8.9%
37 VB 0.45% 2,677,958 $681M $254.28 $76M +126,497 +5.0%
38 INTF 0.41% 17,242,564 $619M $35.91 $76M +1,364,109 +8.6%
39 IVLU 0.38% 16,052,538 $570M $35.48 $66M +733,152 +4.8%
40 GOOGL 0.38% 2,341,909 $569M $243.10 $158M +6,821 +0.3%
41 COWZ 0.35% 9,041,964 $520M $57.47 -$119M -2,548,398 -22.0%
42 CGGR 0.33% 11,374,810 $500M $43.92 $77M +967,117 +9.3%
43 IWB 0.33% 1,337,550 $489M $365.48 $23M -33,328 -2.4%
44 META 0.32% 656,464 $482M $734.38 $11M +17,904 +2.8%
45 DYNF 0.32% 8,071,059 $478M $59.20 $162M +2,271,898 +39.2%
46 MDY 0.31% 788,274 $470M $596.03 $123M +175,255 +28.6%
47 VGT 0.31% 628,414 $469M $746.63 $31M -32,153 -4.9%
48 DBEF 0.30% 9,726,425 $452M $46.42 -$18M -1,015,813 -9.5%
49 QUAL 0.29% 2,251,190 $438M $194.50 -$4M -166,902 -6.9%
50 SCHD 0.28% 15,552,135 $425M $27.30 -$29M -1,574,783 -9.2%
51 IEF 0.28% 4,351,564 $420M $96.46 $13M +108,087 +2.5%
52 IAU 0.27% 5,576,855 $406M $72.77 $94M +569,514 +11.4%
53 CGGO 0.25% 11,018,745 $377M $34.17 $32M +257,982 +2.4%
54 VIG 0.23% 1,622,847 $350M $215.79 $39M +101,631 +6.7%
55 JPM 0.23% 1,101,758 $348M $315.43 $28M -497 -0.1%
56 IOO 0.23% 2,828,612 $339M $120.01 $27M -74,274 -2.6%
57 VT 0.22% 2,341,478 $323M $137.80 $14M -60,695 -2.5%
58 SCHG 0.21% 10,027,556 $320M $31.91 $52M +840,550 +9.2%
59 IWF 0.21% 680,581 $319M $468.41 $33M +6,988 +1.0%
60 EMXC 0.21% 4,685,008 $316M $67.51 $28M +121,136 +2.6%
61 SCHM 0.21% 10,473,140 $310M $29.64 $22M +200,917 +2.0%
62 SPLG 0.20% 3,787,339 $297M $78.34 $38M +222,306 +6.2%
63 GOOG 0.19% 1,163,866 $283M $243.55 $77M -475 -0.0%
64 VTI 0.19% 858,114 $282M $328.17 $3M -59,585 -6.5%
65 FENI 0.19% 7,950,844 $281M $35.28 $129M +3,400,521 +74.7%
66 EZU 0.19% 4,488,538 $278M $61.94 -$11M -369,412 -7.6%
67 AVGO 0.17% 786,728 $260M $329.91 $16M -95,362 -10.8%
68 FNDF 0.17% 6,040,807 $260M $42.96 $21M +85,424 +1.4%
69 JPST 0.17% 5,007,149 $254M $50.73 $10M +183,980 +3.8%
70 VFLO 0.17% 6,740,833 $253M $37.50 $29M +398,850 +6.3%
71 FMDE 0.17% 6,960,142 $252M $36.15 $172M +4,647,932 +201.0%
72 TFI 0.16% 5,226,817 $238M $45.57 $10M +124,998 +2.5%
73 BRK-B 0.16% 470,470 $237M $502.74 $6M -4,316 -0.9%
74 EFA 0.15% 2,460,708 $230M $93.37 $16M +65,641 +2.7%
75 AVUV 0.15% 2,244,932 $223M $99.53 $41M +239,996 +12.0%
76 CGXU 0.14% 7,330,475 $217M $29.62 $13M -181,053 -2.4%
77 VOT 0.14% 738,797 $217M $293.79 $13M +22,696 +3.2%
78 AVDE 0.14% 2,703,438 $213M $78.90 $128M +1,552,177 +134.8%
79 AVEM 0.14% 2,801,083 $210M $75.11 $507K -261,108 -8.5%
80 IVW 0.14% 1,677,939 $203M $120.72 $20M +21,613 +1.3%
81 JMST 0.13% 3,780,629 $193M $51.04 $9M +168,124 +4.7%
82 IWP 0.13% 1,328,199 $189M $142.41 $2M -20,295 -1.5%
83 RDVY 0.13% 2,810,099 $189M $67.26 $36M +371,365 +15.2%
84 CGMU 0.12% 6,597,766 $180M $27.29 $47M +1,620,219 +32.5%
85 ITM 0.12% 3,844,618 $179M $46.60 $14M +207,724 +5.7%
86 PVAL 0.12% 4,192,632 $179M $42.72 $36M +626,728 +17.6%
87 V 0.12% 523,505 $179M $341.38 -$6M +3,875 +0.8%
88 LLY 0.12% 233,296 $178M $763.00 $8M +15,542 +7.1%
89 COST 0.12% 189,851 $176M $925.63 -$12M +537 +0.3%
90 SMH 0.11% 526,529 $172M $326.36 $37M +41,280 +8.5%
91 USMV 0.11% 1,797,261 $171M $95.14 -$8M -106,751 -5.6%
92 JEPI 0.11% 2,931,338 $167M $57.10 -$7M -133,490 -4.4%
93 SPHQ 0.11% 2,269,870 $166M $73.29 $35M +425,918 +23.1%
94 SPEM 0.11% 3,503,688 $164M $46.81 $20M +123,404 +3.6%
95 CGUS 0.11% 4,144,701 $164M $39.54 $21M +279,692 +7.2%
96 GLD 0.11% 459,476 $163M $355.47 $29M +18,842 +4.3%
97 JMUB 0.11% 3,208,854 $162M $50.47 $44M +826,847 +34.7%
98 SCHH 0.11% 7,446,853 $161M $21.57 -$6M -409,811 -5.2%
99 HD 0.11% 395,896 $160M $405.19 $17M +4,081 +1.0%
100 VOE 0.11% 906,842 $158M $174.58 -$8M -106,346 -10.5%

New Positions

SymbolValue% Port
BDYN $92M 0.06%
BDVL $56M 0.04%
HGER $26M 0.02%
PYLD $19M 0.01%
AVMV $15M 0.01%
GPIX $14M 0.01%
JFLX $13M 0.01%
CGIC $6M —%
GPIQ $4M —%
NKX $3M —%
JPIB $2M —%
MLN $1M —%
CGHM $1M —%
LQDH $1M —%
PSKY $922K —%

Sold Out Positions

SymbolValue% Port
MCS —%
PSN —%
TNC —%
PNI —%
MPT —%
IGR —%
NXE —%
NNY —%
NXDR —%
SDHC —%
SKYH —%
RFMZ —%
BDJ —%
EBS —%
JHX —%
View SEC EDGAR Filings for NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms