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NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC

720 EAST WISCONSIN AVENUE, MILWAUKEE, WI 53202 • 4146651444

Q2 2025 · Filed 2025-08-12
Market Value
$6.5B
+3.1%
Holdings
878
-4
New Purchases
7
Added To
494
Closed
4
Reduced
365
Top 10 Concentration
70.2%
Turnover
1.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 1.89% 1.34% +0.55% $123M
EFA 18.74% 18.24% +0.50% $1.2B
IJH 9.85% 9.38% +0.47% $639M
MSFT 1.82% 1.41% +0.41% $118M
VCLT 0.32% 0.00% +0.32% $21M
USHY 0.32% 0.00% +0.32% $21M
IVV 14.95% 14.66% +0.29% $970M
AVGO 0.64% 0.40% +0.24% $41M
META 0.79% 0.64% +0.15% $51M
AMZN 1.02% 0.91% +0.11% $66M
NFLX 0.28% 0.20% +0.08% $18M
TSLA 0.44% 0.37% +0.07% $28M
ORCL 0.17% 0.11% +0.06% $11M
OKTA 0.06% 0.00% +0.06% $4M
PLTR 0.14% 0.09% +0.06% $9M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LQD 3.62% 5.95% -2.32% $235M
MBB 0.00% 0.73% -0.73% $9K
IJR 10.17% 10.66% -0.50% $660M
VOO 6.59% 6.80% -0.21% $427M
AAPL 1.51% 1.69% -0.18% $98M
IEFA 0.28% 0.40% -0.12% $18M
UNH 0.14% 0.24% -0.10% $9M
AGG 0.40% 0.47% -0.06% $26M
BRK-B 0.44% 0.49% -0.06% $28M
X 0.00% 0.03% -0.03% $0
XOM 0.23% 0.26% -0.03% $15M
BERY 0.00% 0.03% -0.03% $0
LLY 0.30% 0.33% -0.03% $20M
CVX 0.11% 0.14% -0.03% $7M
ABBV 0.16% 0.19% -0.03% $10M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 67.9%
Technology 10.2%
Industrials 4.6%
Consumer Cyclical 3.9%
Healthcare 3.5%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 55 $2.4B 36.9%
Large Cap 529 $3.7B 57.7%
Mid Cap 282 $345M 5.3%
Small Cap 12 $8M 0.1%

Portfolio Analytics

Avg Market Cap
$87.8B
Median Market Cap
$16.6B
Avg P/E
31.9
Median P/E
22.7
Avg Dividend Yield
0.02%
Avg Beta
0.97
# Stocks
867
# ETFs / Funds
11

Top Holdings (878 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 EFA 18.74% 13,602,341 $1.2B $89.39 $69M -435,505 -3.1%
2 IVV 14.95% 1,562,400 $970M $620.90 $48M -79,300 -4.8%
3 IJR 10.17% 6,036,215 $660M $109.29 -$11M -379,818 -5.9%
4 IJH 9.85% 10,305,199 $639M $62.02 $49M +187,938 +1.9%
5 VOO 6.59% 752,231 $427M $568.03 -$512K -80,213 -9.6%
6 LQD 3.62% 2,144,774 $235M $109.61 -$139M -1,298,326 -37.7%
7 NVDA 1.89% 777,985 $123M $157.99 $38M -921 -0.1%
8 MSFT 1.82% 237,105 $118M $497.41 $29M +667 +0.3%
9 AAPL 1.51% 476,466 $98M $205.17 -$8M -1,311 -0.3%
10 AMZN 1.02% 301,418 $66M $219.39 $9M +1,435 +0.5%
11 META 0.79% 69,262 $51M $738.09 $11M -388 -0.6%
12 AVGO 0.64% 149,997 $41M $275.65 $16M +916 +0.6%
13 GOOGL 0.50% 185,664 $33M $176.23 $4M +145 +0.1%
14 BRK-B 0.44% 58,498 $28M $485.77 -$3M +201 +0.3%
15 TSLA 0.44% 89,394 $28M $317.66 $5M +392 +0.4%
16 GOOG 0.41% 149,766 $27M $177.39 $3M -590 -0.4%
17 AGG 0.40% 264,844 $26M $99.20 -$3M -32,563 -10.9%
18 JPM 0.40% 88,655 $26M $289.91 $4M -275 -0.3%
19 VCLT 0.32% 274,190 $21M $75.90 +274,190 NEW
20 USHY 0.32% 550,000 $21M $37.51 +550,000 NEW
21 LLY 0.30% 25,094 $20M $779.53 -$1M +33 +0.1%
22 V 0.30% 54,582 $19M $355.05 $170K -229 -0.4%
23 IEFA 0.28% 221,238 $18M $83.48 -$7M -114,500 -34.1%
24 NFLX 0.28% 13,577 $18M $1,339.13 $5M -27 -0.2%
25 XOM 0.23% 137,493 $15M $107.80 -$2M -955 -0.7%
26 MA 0.22% 25,876 $15M $561.94 $343K -26 -0.1%
27 COST 0.22% 14,154 $14M $989.94 $658K +35 +0.2%
28 WMT 0.21% 137,827 $13M $97.78 $1M -144 -0.1%
29 PG 0.18% 74,793 $12M $159.32 -$794K +214 +0.3%
30 JNJ 0.18% 76,756 $12M $152.75 -$975K +182 +0.2%
31 HD 0.18% 31,708 $12M $366.64 $47K +115 +0.4%
32 ORCL 0.17% 51,885 $11M $218.63 $4M +290 +0.6%
33 ABBV 0.16% 56,349 $10M $185.62 -$1M +202 +0.4%
34 BAC 0.15% 209,039 $10M $47.32 $1M -1,557 -0.7%
35 PLTR 0.14% 67,858 $9M $136.32 $4M +2,663 +4.1%
36 UNH 0.14% 28,939 $9M $311.97 -$6M -330 -1.1%
37 CSCO 0.14% 126,911 $9M $69.38 $988K +238 +0.2%
38 GE 0.13% 34,019 $9M $257.39 $2M -117 -0.3%
39 KO 0.13% 123,572 $9M $70.75 -$77K +429 +0.3%
40 IBM 0.13% 29,649 $9M $294.78 $1M +241 +0.8%
41 CRM 0.13% 30,608 $8M $272.69 $178K +170 +0.6%
42 WFC 0.13% 103,811 $8M $80.12 $808K -793 -0.8%
43 ABT 0.12% 55,503 $8M $136.01 $231K +338 +0.6%
44 CVX 0.11% 51,811 $7M $143.19 -$1M -1,344 -2.5%
45 AMD 0.11% 51,724 $7M $141.90 $2M +184 +0.4%
46 DIS 0.11% 57,349 $7M $124.01 $1M -148 -0.3%
47 INTU 0.11% 8,919 $7M $787.63 $2M +16 +0.2%
48 FNV 0.11% 42,609 $7M $164.18 -$113K -2,586 -5.7%
49 GS 0.11% 9,788 $7M $707.75 $2M -137 -1.4%
50 NOW 0.10% 6,603 $7M $1,028.08 $2M +51 +0.8%
51 MCD 0.10% 22,811 $7M $292.17 -$455K +20 +0.1%
52 T 0.10% 229,545 $7M $28.94 $187K +1,242 +0.5%
53 MRK 0.10% 80,104 $6M $79.16 -$881K -351 -0.4%
54 UBER 0.10% 66,710 $6M $93.30 $1M +269 +0.4%
55 RTX 0.10% 42,618 $6M $146.02 $611K +251 +0.6%
56 ISRG 0.10% 11,434 $6M $543.41 $596K +91 +0.8%
57 TXN 0.09% 28,980 $6M $207.62 $814K +26 +0.1%
58 BKNG 0.09% 1,039 $6M $5,789.24 $1M -13 -1.2%
59 CAT 0.09% 15,003 $6M $388.21 $811K -197 -1.3%
60 VZ 0.09% 134,493 $6M $43.27 -$254K +603 +0.5%
61 PEP 0.09% 43,739 $6M $132.04 -$765K +119 +0.3%
62 AXP 0.09% 17,656 $6M $318.98 $883K +4 +0.0%
63 QCOM 0.09% 35,003 $6M $159.26 $171K -173 -0.5%
64 MS 0.09% 39,407 $6M $140.86 $959K +51 +0.1%
65 IBKR 0.08% 97,311 $5M $55.41 $1M +73,102 +302.0%
66 CDNS 0.08% 17,494 $5M $308.15 $2M +2,252 +14.8%
67 EME 0.08% 9,993 $5M $534.89 $2M -235 -2.3%
68 SPGI 0.08% 10,014 $5M $527.29 $190K -5 -0.1%
69 ADBE 0.08% 13,596 $5M $386.88 -$50K -249 -1.8%
70 C 0.08% 59,582 $5M $85.12 $833K -120 -0.2%
71 BSX 0.08% 47,196 $5M $107.41 $341K +321 +0.7%
72 BA 0.08% 24,054 $5M $209.53 $972K +199 +0.8%
73 PGR 0.08% 18,702 $5M $266.86 -$282K +71 +0.4%
74 SCHW 0.08% 54,486 $5M $91.24 $729K +286 +0.5%
75 TMO 0.08% 12,043 $5M $405.46 -$1M -123 -1.0%
76 BLK 0.08% 4,646 $5M $1,049.25 $492K +15 +0.3%
77 AMGN 0.07% 17,153 $5M $279.21 -$534K +67 +0.4%
78 HON 0.07% 20,502 $5M $232.88 $395K -179 -0.9%
79 AMAT 0.07% 25,919 $5M $183.07 $994K +71 +0.3%
80 GEV 0.07% 8,707 $5M $529.15 $2M -68 -0.8%
81 NEE 0.07% 65,671 $5M $69.42 -$78K +268 +0.4%
82 GWRE 0.07% 18,729 $4M $235.45 $930K +159 +0.9%
83 GILD 0.07% 39,683 $4M $110.87 -$42K +46 +0.1%
84 TJX 0.07% 35,617 $4M $123.49 $44K -135 -0.4%
85 PFE 0.07% 181,369 $4M $24.24 -$171K +1,130 +0.6%
86 MU 0.07% 35,651 $4M $123.25 $1M +215 +0.6%
87 UNP 0.07% 19,059 $4M $230.08 -$155K -161 -0.8%
88 COF 0.07% 20,405 $4M $212.76 $2M +8,280 +68.3%
89 SYK 0.07% 10,972 $4M $395.63 $275K +49 +0.5%
90 PANW 0.07% 21,122 $4M $204.64 $729K +64 +0.3%
91 CMCSA 0.07% 118,807 $4M $35.69 -$186K -1,149 -1.0%
92 CASY 0.07% 8,288 $4M $510.27 $647K +36 +0.4%
93 FIX 0.06% 7,858 $4M $536.21 $2M -30 -0.4%
94 CW 0.06% 8,415 $4M $488.55 $1M +42 +0.5%
95 DE 0.06% 8,052 $4M $508.49 $314K -3 -0.0%
96 CRWD 0.06% 7,946 $4M $509.31 $1M +112 +1.4%
97 DHR 0.06% 20,319 $4M $197.54 -$159K -36 -0.2%
98 P 0.06% 69,390 $4M $57.58 $945K +480 +0.7%
99 ADP 0.06% 12,950 $4M $308.40 $40K +9 +0.1%
100 USFD 0.06% 51,654 $4M $77.01 $625K +431 +0.8%

New Positions

SymbolValue% Port
VCLT $21M 0.32%
USHY $21M 0.32%
OKTA $4M 0.06%
APG $3M 0.04%
COIN $2M 0.04%
PEGA $1M 0.02%
RAL $175K —%

Sold Out Positions

SymbolValue% Port
DFS —%
BERY —%
X —%
JWN —%
View SEC EDGAR Filings for NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC →

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