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NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC

720 EAST WISCONSIN AVENUE, MILWAUKEE, WI 53202 • 4146651444

Q3 2025 · Filed 2025-11-07
Market Value
$6.9B
+6.4%
Holdings
890
+12
New Purchases
16
Added To
225
Closed
18
Reduced
617
Top 10 Concentration
69.2%
Turnover
3.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VOO 8.18% 6.59% +1.59% $565M
VCLT 1.37% 0.32% +1.05% $94M
LQD 4.31% 3.62% +0.69% $298M
AAPL 1.75% 1.51% +0.24% $120M
NVDA 2.10% 1.89% +0.21% $145M
GOOGL 0.65% 0.50% +0.15% $45M
TSLA 0.58% 0.44% +0.14% $40M
GOOG 0.53% 0.41% +0.12% $36M
APP 0.09% 0.00% +0.09% $6M
AVGO 0.72% 0.64% +0.08% $49M
FBND 0.07% 0.00% +0.07% $5M
NTNX 0.06% 0.00% +0.06% $4M
TLN 0.06% 0.00% +0.06% $4M
TRU 0.05% 0.00% +0.05% $4M
HOOD 0.05% 0.00% +0.05% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IJR 7.95% 10.17% -2.21% $549M
IVV 13.64% 14.95% -1.31% $942M
IJH 9.46% 9.85% -0.39% $653M
IBKR 0.01% 0.08% -0.07% $977K
EME 0.01% 0.08% -0.07% $927K
META 0.74% 0.79% -0.05% $51M
EFA 18.69% 18.74% -0.05% $1.3B
NFLX 0.24% 0.28% -0.04% $16M
MSFT 1.78% 1.82% -0.04% $123M
AMZN 0.98% 1.02% -0.04% $68M
SSB 0.00% 0.03% -0.03% $0
V 0.27% 0.30% -0.03% $18M
SKX 0.00% 0.03% -0.03% $0
COST 0.19% 0.22% -0.03% $13M
CRM 0.10% 0.13% -0.02% $7M

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 $2.6B 38.1%
Large Cap 542 $3.9B 55.8%
Mid Cap 281 $415M 6.0%
Small Cap 12 $5M 0.1%

Portfolio Analytics

Avg Market Cap
$87.1B
Median Market Cap
$16.6B
Avg P/E
32.6
Median P/E
22.8
Avg Dividend Yield
0.02%
Avg Beta
0.97
# Stocks
878
# ETFs / Funds
12

Top Holdings (890 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 EFA 18.69% 13,813,864 $1.3B $93.37 $74M +211,523 +1.6%
2 IVV 13.64% 1,406,900 $942M $669.30 -$28M -155,500 -9.9%
3 IJH 9.46% 10,006,629 $653M $65.26 $14M -298,570 -2.9%
4 VOO 8.18% 921,866 $565M $612.38 $137M +169,635 +22.6%
5 IJR 7.95% 4,619,141 $549M $118.83 -$111M -1,417,074 -23.5%
6 LQD 4.31% 2,670,204 $298M $111.47 $63M +525,430 +24.5%
7 NVDA 2.10% 777,675 $145M $186.58 $22M -310 -0.0%
8 MSFT 1.78% 236,910 $123M $517.95 $5M -195 -0.1%
9 AAPL 1.75% 472,991 $120M $254.63 $23M -3,475 -0.7%
10 VCLT 1.37% 1,214,290 $94M $77.65 $73M +940,100 +342.9%
11 AMZN 0.98% 309,320 $68M $219.57 $2M +7,902 +2.6%
12 META 0.74% 69,129 $51M $734.38 -$355K -133 -0.2%
13 AVGO 0.72% 149,909 $49M $329.91 $8M -88 -0.1%
14 GOOGL 0.65% 185,400 $45M $243.10 $12M -264 -0.1%
15 TSLA 0.58% 89,437 $40M $444.72 $11M +43 +0.1%
16 GOOG 0.53% 148,835 $36M $243.55 $10M -931 -0.6%
17 BRK-B 0.43% 58,445 $29M $502.74 $966K -53 -0.1%
18 JPM 0.40% 87,639 $28M $315.43 $2M -1,016 -1.1%
19 AGG 0.39% 268,062 $27M $100.25 $601K +3,218 +1.2%
20 USHY 0.30% 550,000 $21M $37.78 $148K
21 LLY 0.28% 25,338 $19M $763.00 -$229K +244 +1.0%
22 IEFA 0.28% 221,238 $19M $87.31 $847K
23 V 0.27% 54,141 $18M $341.38 -$897K -441 -0.8%
24 NFLX 0.24% 13,543 $16M $1,198.92 -$2M -34 -0.2%
25 XOM 0.22% 135,877 $15M $112.75 $498K -1,616 -1.2%
26 MA 0.22% 26,310 $15M $568.81 $425K +434 +1.7%
27 ORCL 0.22% 52,819 $15M $281.24 $4M +934 +1.8%
28 WMT 0.21% 139,893 $14M $103.06 $941K +2,066 +1.5%
29 JNJ 0.21% 76,758 $14M $185.42 $3M +2
30 PLTR 0.19% 72,485 $13M $182.42 $4M +4,627 +6.8%
31 COST 0.19% 14,135 $13M $925.63 -$928K -19 -0.1%
32 ABBV 0.19% 56,305 $13M $231.54 $3M -44 -0.1%
33 HD 0.19% 31,710 $13M $405.19 $1M +2 +0.0%
34 PG 0.17% 74,656 $11M $153.65 -$445K -137 -0.2%
35 BAC 0.16% 217,187 $11M $51.59 $1M +8,148 +3.9%
36 GE 0.15% 33,797 $10M $300.82 $1M -222 -0.7%
37 UNH 0.14% 28,865 $10M $345.30 $939K -74 -0.3%
38 CVX 0.14% 61,338 $10M $155.29 $2M +9,527 +18.4%
39 FNV 0.13% 40,133 $9M $222.58 $2M -2,476 -5.8%
40 CSCO 0.13% 126,213 $9M $68.42 -$170K -698 -0.6%
41 WFC 0.12% 102,099 $9M $83.82 $241K -1,712 -1.6%
42 IBM 0.12% 29,689 $8M $282.16 -$363K +40 +0.1%
43 AMD 0.12% 51,723 $8M $161.79 $1M -1
44 KO 0.12% 123,449 $8M $66.32 -$556K -123 -0.1%
45 GS 0.11% 9,649 $8M $796.35 $757K -139 -1.4%
46 ABT 0.11% 55,472 $7M $133.94 -$119K -31 -0.1%
47 CRM 0.10% 30,470 $7M $237.00 -$1M -138 -0.5%
48 RTX 0.10% 42,662 $7M $167.33 $916K +44 +0.1%
49 CAT 0.10% 14,932 $7M $477.15 $1M -71 -0.5%
50 MCD 0.10% 22,743 $7M $303.89 $247K -68 -0.3%
51 MRK 0.10% 79,610 $7M $83.93 $341K -494 -0.6%
52 DIS 0.10% 57,304 $7M $114.50 -$551K -45 -0.1%
53 UBER 0.09% 66,467 $7M $97.97 $288K -243 -0.4%
54 FIX 0.09% 7,846 $6M $825.18 $2M -12 -0.1%
55 T 0.09% 227,896 $6M $28.24 -$207K -1,649 -0.7%
56 APP 0.09% 8,629 $6M $718.54 +8,629 NEW
57 MS 0.09% 38,667 $6M $158.96 $596K -740 -1.9%
58 PEP 0.09% 43,634 $6M $140.44 $353K -105 -0.2%
59 NOW 0.09% 6,629 $6M $920.28 -$688K +26 +0.4%
60 INTU 0.09% 8,891 $6M $682.91 -$953K -28 -0.3%
61 MU 0.09% 35,669 $6M $167.32 $2M +18 +0.1%
62 C 0.09% 58,673 $6M $101.50 $884K -909 -1.5%
63 VZ 0.09% 134,382 $6M $43.95 $87K -111 -0.1%
64 TMO 0.08% 12,035 $6M $485.02 $954K -8 -0.1%
65 CDNS 0.08% 16,514 $6M $351.26 $410K -980 -5.6%
66 P 0.08% 69,207 $6M $83.81 $2M -183 -0.3%
67 AXP 0.08% 17,299 $6M $332.16 $114K -357 -2.0%
68 QCOM 0.08% 34,375 $6M $166.36 $144K -628 -1.8%
69 BKNG 0.08% 1,032 $6M $5,399.27 -$443K -7 -0.7%
70 LRCX 0.08% 40,337 $5M $133.90 $1M -468 -1.1%
71 BLK 0.08% 4,589 $5M $1,165.87 $475K -57 -1.2%
72 GEV 0.08% 8,676 $5M $614.90 $728K -31 -0.4%
73 TXN 0.08% 28,977 $5M $183.73 -$693K -3 -0.0%
74 AMAT 0.08% 25,577 $5M $204.74 $492K -342 -1.3%
75 BA 0.08% 24,100 $5M $215.83 $161K +46 +0.2%
76 SCHW 0.08% 54,384 $5M $95.47 $221K -102 -0.2%
77 TJX 0.07% 35,557 $5M $144.54 $741K -60 -0.2%
78 ISRG 0.07% 11,426 $5M $447.23 -$1M -8 -0.1%
79 FBND 0.07% 107,700 $5M $46.24 +107,700 NEW
80 NEE 0.07% 65,633 $5M $75.49 $396K -38 -0.1%
81 SPGI 0.07% 9,960 $5M $486.71 -$433K -54 -0.5%
82 AMGN 0.07% 17,158 $5M $282.20 $53K +5 +0.0%
83 APH 0.07% 38,914 $5M $123.75 $1M +326 +0.8%
84 ANET 0.07% 32,848 $5M $145.71 $1M -5 -0.0%
85 ADBE 0.07% 13,520 $5M $352.75 -$491K -76 -0.6%
86 CASY 0.07% 8,288 $5M $565.32 $456K
87 INTC 0.07% 139,504 $5M $33.55 $2M +352 +0.2%
88 PFE 0.07% 181,209 $5M $25.48 $221K -160 -0.1%
89 PGR 0.07% 18,684 $5M $246.95 -$377K -18 -0.1%
90 BSX 0.07% 47,226 $5M $97.63 -$459K +30 +0.1%
91 CIEN 0.07% 31,510 $5M $145.67 $2M -228 -0.7%
92 CW 0.07% 8,398 $5M $542.94 $448K -17 -0.2%
93 KLAC 0.07% 4,206 $5M $1,078.60 $757K -13 -0.3%
94 LOW 0.07% 17,863 $4M $251.31 $528K +8 +0.0%
95 UNP 0.06% 18,902 $4M $236.37 $83K -157 -0.8%
96 NTNX 0.06% 59,753 $4M $74.39 +59,753 NEW
97 GILD 0.06% 39,547 $4M $111.00 -$10K -136 -0.3%
98 WPM 0.06% 39,003 $4M $111.91 $1M +1,752 +4.7%
99 PANW 0.06% 21,289 $4M $203.62 $12K +167 +0.8%
100 COF 0.06% 20,382 $4M $212.58 -$9K -23 -0.1%

New Positions

SymbolValue% Port
APP $6M 0.09%
FBND $5M 0.07%
NTNX $4M 0.06%
TLN $4M 0.06%
TRU $4M 0.05%
HOOD $4M 0.05%
KTOS $3M 0.05%
TWLO $3M 0.05%
AVAV $2M 0.03%
ELAN $2M 0.03%
MP $2M 0.03%
DDOG $1M 0.02%
VNOM $1M 0.02%
SQ $1M 0.02%
TTD $696K 0.01%

Sold Out Positions

SymbolValue% Port
MAN —%
RAL —%
SSB —%
ENPH —%
ACHC —%
CZR —%
MKTX —%
NICE —%
SRPT —%
WEN —%
HES —%
JNPR —%
VIAC —%
AMED —%
CHX —%
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