Q2 2026 13F · SEC CIK 1141802

Northwestern Mutual Wealth Management Co

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

Reported 13F value: $187.2B
Reported positions: 4,080
Top holdings a year, 3 yrs: +14.2%
Average holding period: 11.8 yrs

Northwestern Mutual Wealth Management Co is a wealth manager that reported 4,080 positions worth $187.2B in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Ishares Core S&p 500 ETF (IVV, 14.0%), Vanguard Total Bond Market ETF (BND, 5.5%), Ishares Tr (IJH, 5.5%). A portfolio copying its top holdings returned 14.2% a year over the last 3 years, against 20.4% for the S&P 500.

Northwestern Mutual Wealth Management Co holdings largest 50 of 4,080 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 Wealth Management Co 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
IVVIshares Core S&p 500 ETF	14.0%	13.9%	35,018,846	+1.2%	$26.2B
BNDVanguard Total Bond Market ETF	5.5%	6.1%	141,274,305	+4.8%	$10.4B
IJHIshares Tr	5.5%	5.4%	132,841,270	+3.1%	$10.2B
SCHFSchwab Intl Equity	4.6%	4.6%	309,394,253	+2.4%	$8.6B
IJRIshares Core S&p Small Cap ETF	3.5%	3.3%	44,570,998	+2.6%	$6.6B
RSPInvesco S&p 500 Equal Weight ETF	3.2%	3.2%	28,221,905	+4.2%	$6.0B
VEAVanguard Tax-Managed Fds	2.5%	2.5%	66,823,471	+4.2%	$4.8B
SPYSpdr S&p 500 ETF Tr	2.5%	2.4%	6,238,087	+2.1%	$4.7B
VWOVanguard Intl Equity Index F	2.5%	2.7%	77,649,601	-3.1%	$4.6B
FBNDFidelity Merrimack Str Tr	2.5%	2.7%	101,656,759	+6.1%	$4.6B
IEFAIshares Core Msci Eafe ETF	1.9%	2.0%	37,299,272	+2.6%	$3.6B
TLTIshares 20 Year Treasury Bond ETF	1.8%	2.4%	38,995,705	-12.1%	$3.4B
AVLVAmerican Centy Tr ETF Avantis U S Large	1.6%	—	32,368,237	—	$3.0B
IQLTIshares Tr	1.6%	1.6%	59,026,522	+4.0%	$2.9B
QQQInvesco Qqq Tr	1.2%	1.1%	3,173,768	-0.3%	$2.3B
VOOVanguard S&p 500 ETF	1.2%	1.1%	3,216,197	+11.4%	$2.2B
VOVanguard Index Fds	1.0%	1.1%	24,385,742	+286.5%	$2.0B
VTEBVanguard Tx Ex Bd	1.0%	1.2%	38,222,195	-0.9%	$1.9B
DFIVDimensional ETF Trust	1.0%	1.0%	33,545,101	+7.6%	$1.8B
IEMGIshares	0.9%	0.8%	20,134,881	+3.6%	$1.7B
VNQVanguard Real Estate ETF	0.9%	0.7%	16,949,846	+32.1%	$1.6B
IUSBIshares Core Universal Usd Bond ETF	0.8%	0.9%	33,421,651	+10.2%	$1.5B
AGGIshares Tr	0.7%	0.8%	12,874,193	-0.7%	$1.3B
NVDANvidia Corporation Com	0.6%	0.6%	5,923,023	+2.2%	$1.2B
SCHHSchwab Strategic Tr	0.6%	—	49,794,731	—	$1.2B
QQQMInvesco Nasdaq 100 ETF	0.6%	0.5%	3,868,368	+4.7%	$1.2B
SCHXSchwab Stratgc Tr	0.6%	0.5%	37,819,350	+8.6%	$1.1B
CGDVCapital Group Dividend Value ETF	0.6%	0.5%	21,588,874	+9.0%	$1.1B
VTVVanguard Value ETF	0.6%	0.5%	4,787,110	+5.4%	$1.0B
AAPLApple Inc	0.6%	0.6%	3,571,020	-2.8%	$1.0B
DYNFIshares U.s. Equity Factor Rotation Acti	0.6%	0.5%	15,169,385	+14.5%	$1.0B
MUBIshares National Muni Bond ETF	0.5%	0.6%	9,354,522	+5.1%	$1.0B
GSLCGoldman Sachs ETF Tr	0.5%	0.5%	6,988,089	-1.4%	$991.5M
BIVVanguard Bd Index Fds	0.5%	0.6%	12,822,370	+6.2%	$983.5M
VVVanguard Inx Lrg	0.5%	0.5%	2,831,461	-0.4%	$973.8M
VUGVanguard Indx Fd	0.5%	0.5%	10,888,180	+513.1%	$937.9M
INTFIshares Tr	0.5%	0.5%	21,882,011	+8.2%	$896.3M
AMZNAmazon Com Inc Com	0.5%	0.5%	3,664,707	+0.6%	$873.4M
MSFTMicrosoft Corp	0.5%	0.5%	2,300,016	+2.3%	$858.0M
VBVanguard Indx Fd	0.5%	0.5%	2,813,902	+0.0%	$852.9M
GOOGLAlphabet Inc	0.4%	0.4%	2,213,803	-2.1%	$791.1M
IVLUIshares Tr	0.4%	0.4%	18,638,395	+2.5%	$779.5M
VLUEIshares	0.4%	2.0%	3,302,880	-85.7%	$659.9M
MDYState Street Spdr S&p Midcap 400 ETF Tru	0.3%	0.3%	903,341	+4.5%	$635.4M
CGGRCapital Group Growth ETF	0.3%	0.3%	13,105,474	+1.2%	$618.6M
VGTVanguard Info Tech	0.3%	0.3%	4,731,562	+657.6%	$565.5M
IWBIshares Russell 1000 ETF	0.3%	0.3%	1,337,416	-3.1%	$547.7M
EMXCIshares Inc	0.3%	—	5,351,025	—	$547.4M
FMDEFidelity Enhanced Mid Cap Core ETF	0.3%	—	13,272,880	—	$538.6M
AVEMAmerican Centy ETF Tr	0.3%	—	5,376,383	—	$518.8M

What Northwestern Mutual Wealth Management Co 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: +17.8% /yr; S&P 500 +20.1%
3 years: +14.2% /yr; S&P 500 +20.4%
5 years: +6.5% /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	$187.2B	4,080
Q1 2026	$162.4B	4,110
Q4 2025	$158.1B	4,005
Q3 2025	$150.0B	3,789
Q2 2025	$137.2B	3,653
Q1 2025	$122.3B	3,648
Q4 2024	$118.5B	3,585
Q3 2024	$112.6B	3,580
Q2 2024	$101.4B	3,482
Q1 2024	$97.3B	3,555
Q4 2023	$88.7B	3,461
Q3 2023	$76.9B	3,266

Questions about Northwestern Mutual Wealth Management Co's portfolio

What stocks does Northwestern Mutual Wealth Management Co own?

Northwestern Mutual Wealth Management Co's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 4,080 positions worth $187.2B. The largest are Ishares Core S&p 500 ETF (IVV) at 14.0%, Vanguard Total Bond Market ETF (BND) at 5.5%, Ishares Tr (IJH) at 5.5%, Schwab Intl Equity (SCHF) at 4.6% and Ishares Core S&p Small Cap ETF (IJR) at 3.5%.

What did Northwestern Mutual Wealth Management Co buy last quarter?

In Q2 2026, Northwestern Mutual Wealth Management Co added Vanguard Info Tech (VGT) (+657.6% shares), Vanguard Indx Fd (VUG) (+513.1% shares) and Vanguard Index Fds (VO) (+286.5% shares), compared with its Q1 2026 filing.

What did Northwestern Mutual Wealth Management Co sell last quarter?

In Q2 2026, Northwestern Mutual Wealth Management Co cut from its top 50 Ishares Gold Trust (IAU), cut from its top 50 Pacer Fds Tr (COWZ), cut from its top 50 iShs 7-10 ys Tsy (IEF), cut from its top 50 Fidelity Enhanced International ETF (FENI), cut from its top 50 Schwab Strategic Tr (SCHD), Ishares (VLUE) (-85.7% shares) and Ishares 20 Year Treasury Bond ETF (TLT) (-12.1% shares), compared with its Q1 2026 filing.

How has Northwestern Mutual Wealth Management Co's portfolio performed?

A portfolio copying Northwestern Mutual Wealth Management Co's 20 largest 13F holdings each quarter, from the day each filing was public, returned +14.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +17.8% against +20.1%. Over 5 years: +6.5% a year against +11.6%.

When is Northwestern Mutual Wealth Management Co's next 13F filing due?

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