Q2 2026 13F · SEC CIK 1629649

Northwestern Mutual Investment Management Company, LLC

Institutional asset managerFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $8.5B
Reported positions: 880
Top holdings a year, 3 yrs: +17.4%
Assets under management: $323.1B

Northwestern Mutual Investment Management Company, LLC is an institutional asset manager that reported 880 positions worth $8.5B in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were iShs MSCI EAFE (EFA, 12.7%), Ishares Core S&p 500 ETF (IVV, 12.3%), Ishares Core S&p Small Cap ETF (IJR, 8.7%). A portfolio copying its top holdings returned 17.4% a year over the last 3 years, against 20.4% for the S&P 500.

Northwestern Mutual Investment Management Company, LLC holdings largest 50 of 880 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Northwestern Mutual Investment Management Company, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
EFAiShs MSCI EAFE	12.7%	16.6%	10,419,892	-7.7%	$1.1B
IVVIshares Core S&p 500 ETF	12.3%	11.9%	1,405,896	+17.2%	$1.1B
IJRIshares Core S&p Small Cap ETF	8.7%	9.9%	5,014,613	-4.7%	$743.7M
IJHIshares Tr	7.7%	8.8%	8,517,640	-0.6%	$656.8M
VOOVanguard S&p 500 ETF	6.2%	5.0%	770,657	+40.7%	$529.3M
LQDIshares Tr	5.8%	5.7%	4,559,454	+32.4%	$497.3M
USHYIshares Tr	3.8%	0.4%	8,646,000	+1004.2%	$320.1M
HYGIshares Trust	3.5%	0.7%	3,750,000	+509.8%	$299.9M
TLTIshares 20 Year Treasury Bond ETF	3.0%	—	2,913,600	—	$251.8M
NVDANvidia Corporation Com	1.8%	2.1%	776,551	-0.1%	$155.4M
VCLTVanguard Scottsdale Fds	1.7%	1.5%	1,980,590	+48.3%	$149.0M
AAPLApple Inc	1.6%	1.8%	470,900	+0.2%	$136.3M
MSFTMicrosoft Corp	1.0%	1.3%	238,168	+0.2%	$88.8M
AMZNAmazon Com Inc Com	0.9%	1.0%	313,851	+0.4%	$74.8M
GOOGLAlphabet Inc	0.8%	0.8%	187,999	+0.9%	$67.2M
AVGOBroadcom Inc	0.7%	0.7%	151,801	+0.1%	$57.3M
GOOGAlphabet Inc	0.6%	0.7%	151,537	+1.3%	$53.5M
JNKState Street Spdr Bloomberg High Yield B	0.6%	—	520,000	—	$50.1M
MUMicron Technology Inc	0.5%	0.2%	36,157	+0.4%	$41.7M
AGGIshares Tr	0.5%	0.7%	411,464	-6.1%	$40.7M
METAMeta Platforms Inc Class A	0.5%	0.6%	70,408	+0.6%	$39.7M
MINTPimco ETF Tr	0.5%	0.5%	392,414	+14.4%	$39.6M
TSLATesla Inc Com	0.4%	0.5%	90,265	+0.3%	$38.0M
LLYLilly Eli & Co	0.4%	0.4%	25,362	+0.0%	$30.4M
AMDAdvanced Micro Devices Inc	0.4%	0.2%	52,280	+0.2%	$30.4M
BRK-BBerkshire Hathaway Inc Del	0.3%	0.4%	58,780	+0.2%	$29.4M
JPMJpmorgan Chase & Co	0.3%	0.4%	85,910	-0.4%	$28.1M
INTCIntel Corp	0.2%	—	151,473	—	$21.2M
JNJJohnson & Johnson	0.2%	0.3%	77,179	+0.1%	$19.6M
AMATApplied Matls Inc	0.2%	0.1%	25,445	+0.2%	$18.4M
VVisa Inc Com Cl A	0.2%	0.2%	53,213	-1.1%	$18.3M
XOMExxon Mobil Corp	0.2%	0.3%	132,895	-0.6%	$18.2M
LRCXLam Research Corp	0.2%	0.1%	40,096	+0.3%	$17.4M
WMTWalmart Inc	0.2%	0.3%	140,559	+0.2%	$15.9M
CATCaterpillar Inc Com	0.2%	0.2%	14,768	-0.8%	$15.7M
CSCOCisco Sys Inc	0.2%	0.1%	126,640	+0.2%	$14.9M
ABBVAbbvie Inc	0.2%	0.2%	56,647	+0.2%	$14.3M
COSTCostco Whsl Corp New	0.2%	0.2%	14,224	+0.2%	$13.3M
MAMastercard Inc.	0.2%	0.2%	25,871	-0.7%	$13.3M
IGLBIshares Tr	0.2%	—	258,000	—	$12.9M
KLACKla Corp	0.1%	—	41,881	—	$12.6M
GEGe Aerospace	0.1%	0.1%	33,452	-0.3%	$12.5M
UNHUnitedhealth Group Inc Com	0.1%	—	29,117	—	$12.1M
BACBank of Amer Corp	0.1%	0.2%	209,326	-1.4%	$11.9M
HDHome Depot Inc Com	0.1%	0.2%	31,935	+0.3%	$11.3M
PGProcter & Gamble Co Com	0.1%	0.2%	74,658	+0.4%	$10.9M
SNDKSandisk Corp	0.1%	—	4,747	—	$10.8M
MRKMerck & Co. Inc	0.1%	0.1%	79,187	-0.3%	$10.2M
GEVGe Vernova Inc	0.1%	—	8,615	—	$10.1M
KOCoca Cola Co	0.1%	0.1%	124,151	+0.2%	$10.1M

What Northwestern Mutual Investment Management Company, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +17.6% /yr; S&P 500 +20.1%
3 years: +17.4% /yr; S&P 500 +20.4%
5 years: +8.4% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$8.5B	880
Q1 2026	$6.6B	874
Q4 2025	$8.6B	877
Q3 2025	$6.9B	877
Q2 2025	$6.5B	879
Q1 2025	$6.3B	877
Q4 2024	$4.5B	875
Q3 2024	$4.3B	874
Q2 2024	$3.9B	876
Q1 2024	$3.8B	877
Q4 2023	$3.7B	880
Q3 2023	$3.6B	879

Questions about Northwestern Mutual Investment Management Company, LLC's portfolio

What stocks does Northwestern Mutual Investment Management Company, LLC own?

Northwestern Mutual Investment Management Company, LLC's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 880 positions worth $8.5B. The largest are iShs MSCI EAFE (EFA) at 12.7%, Ishares Core S&p 500 ETF (IVV) at 12.3%, Ishares Core S&p Small Cap ETF (IJR) at 8.7%, Ishares Tr (IJH) at 7.7% and Vanguard S&p 500 ETF (VOO) at 6.2%.

What did Northwestern Mutual Investment Management Company, LLC buy last quarter?

In Q2 2026, Northwestern Mutual Investment Management Company, LLC added Ishares Tr (USHY) (+1004.2% shares), Ishares Trust (HYG) (+509.8% shares) and Vanguard Scottsdale Fds (VCLT) (+48.3% shares), compared with its Q1 2026 filing.

What did Northwestern Mutual Investment Management Company, LLC sell last quarter?

In Q2 2026, Northwestern Mutual Investment Management Company, LLC cut from its top 50 Ishares Tr (IGV), cut from its top 50 Netflix Inc Total (NFLX), cut from its top 50 Chevron Corp New (CVX), cut from its top 50 Palantir Technologies Inclass Class A (PLTR), cut from its top 50 Franco Nev Corp (FNV), iShs MSCI EAFE (EFA) (-7.7% shares) and Ishares Tr (AGG) (-6.1% shares), compared with its Q1 2026 filing.

How has Northwestern Mutual Investment Management Company, LLC's portfolio performed?

A portfolio copying Northwestern Mutual Investment Management Company, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +17.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +17.6% against +20.1%. Over 5 years: +8.4% a year against +11.6%.

When is Northwestern Mutual Investment Management Company, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Northwestern Mutual Investment Management Company, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Northwestern Mutual Investment Management Company, LLC manage?

Northwestern Mutual Investment Management Company, LLC reported $323.1B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $8.5B.