NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

hedge fundUpdated 29 days ago

Managed by Northwestern Mutual Wealth Management Co • Latest filing Q2 2026

Portfolio value

$187.2B

Q2 2026

Filings

14

Quarterly 13F history

Top-10 concentration

46.3%

Weight of largest holdings

Annualized return

34.4%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 14 quarters

Show data table

Period	Portfolio value
Q1 2023	$71.6B
Q2 2023	$77.4B
Q3 2023	$76.9B
Q4 2023	$88.7B
Q1 2024	$97.3B
Q2 2024	$101.4B
Q3 2024	$112.6B
Q4 2024	$118.5B
Q1 2025	$122.3B
Q2 2025	$137.2B
Q3 2025	$150B
Q4 2025	$158.1B
Q1 2026	$162.4B
Q2 2026	$187.2B

Top holdings

4,085 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	E ETHA ISHARES TR	$26.2B	35.02M	14.01%	Added(+1.2%)
2	V VGES VANGUARD BD INDEX FDS	$10.4B	141.27M	5.54%	Added(+4.8%)
3	E ETHA ISHARES TR	$10.2B	132.84M	5.47%	Added(+3.1%)
4	S SCHW-PJ SCHWAB STRATEGIC TR	$8.6B	309.39M	4.58%	Added(+2.4%)
5	E ETHA ISHARES TR	$6.6B	44.57M	3.53%	Added(+2.6%)
6	I IVZ INVESCO EXCHANGE TRADED FD T	$6B	28.22M	3.21%	Added(+4.2%)
7	V VGES VANGUARD TAX-MANAGED FDS	$4.8B	66.82M	2.54%	Added(+4.2%)
8	S SPY STATE STR SPDR S&P 500 ETF T	$4.7B	6.24M	2.49%	Added(+2.1%)
9	V VGES VANGUARD INTL EQUITY INDEX F	$4.6B	77.65M	2.48%	Trimmed(-3.1%)
10	F FIS FIDELITY MERRIMACK STR TR	$4.6B	101.66M	2.47%	Added(+6.0%)
11	E ETHA ISHARES TR	$3.6B	37.30M	1.92%	Added(+2.6%)
12	E ETHA ISHARES TR	$3.4B	39.00M	1.80%	Trimmed(-12.1%)
13	? N/A AMERICAN CENTY ETF TR	$3B	32.37M	1.58%	Added(+1248.0%)
14	E ETHA ISHARES TR	$2.9B	59.03M	1.56%	Added(+4.0%)
15	Q QQQ INVESCO QQQ TR	$2.3B	3.17M	1.25%	Trimmed(-0.3%)
16	V VGES VANGUARD INDEX FDS	$2.2B	3.22M	1.18%	Added(+11.4%)
17	V VGES VANGUARD INDEX FDS	$2B	24.39M	1.05%	Added(+286.5%)
18	V VGES VANGUARD MUN BD FDS	$1.9B	38.22M	1.03%	Trimmed(-0.9%)
19	? N/A DIMENSIONAL ETF TRUST	$1.8B	33.55M	0.97%	Added(+7.6%)
20	E ETHA ISHARES INC	$1.7B	20.13M	0.89%	Added(+3.6%)

E

ISHARES TR

+1.2%

Value

$26.2B

Shares

35.02M

% Port

14.01%

V

VANGUARD BD INDEX FDS

+4.8%

Value

$10.4B

Shares

141.27M

% Port

5.54%

E

ISHARES TR

+3.1%

Value

$10.2B

Shares

132.84M

% Port

5.47%

S

SCHWAB STRATEGIC TR

+2.4%

Value

$8.6B

Shares

309.39M

% Port

4.58%

E

ISHARES TR

+2.6%

Value

$6.6B

Shares

44.57M

% Port

3.53%

I

INVESCO EXCHANGE TRADED FD T

+4.2%

Value

$6B

Shares

28.22M

% Port

3.21%

V

VANGUARD TAX-MANAGED FDS

+4.2%

Value

$4.8B

Shares

66.82M

% Port

2.54%

S

STATE STR SPDR S&P 500 ETF T

+2.1%

Value

$4.7B

Shares

6.24M

% Port

2.49%

V

VANGUARD INTL EQUITY INDEX F

-3.1%

Value

$4.6B

Shares

77.65M

% Port

2.48%

F

10.FIS

FIDELITY MERRIMACK STR TR

+6.0%

Value

$4.6B

Shares

101.66M

% Port

2.47%

E

ISHARES TR

+2.6%

Value

$3.6B

Shares

37.30M

% Port

1.92%

E

ISHARES TR

-12.1%

Value

$3.4B

Shares

39.00M

% Port

1.80%

?

13.N/A

AMERICAN CENTY ETF TR

+1248.0%

Value

$3B

Shares

32.37M

% Port

1.58%

E

ISHARES TR

+4.0%

Value

$2.9B

Shares

59.03M

% Port

1.56%

Q

15.QQQ

INVESCO QQQ TR

-0.3%

Value

$2.3B

Shares

3.17M

% Port

1.25%

V

VANGUARD INDEX FDS

+11.4%

Value

$2.2B

Shares

3.22M

% Port

1.18%

V

VANGUARD INDEX FDS

+286.5%

Value

$2B

Shares

24.39M

% Port

1.05%

V

VANGUARD MUN BD FDS

-0.9%

Value

$1.9B

Shares

38.22M

% Port

1.03%

?

19.N/A

DIMENSIONAL ETF TRUST

+7.6%

Value

$1.8B

Shares

33.55M

% Port

0.97%

E

ISHARES INC

+3.6%

Value

$1.7B

Shares

20.13M

% Port

0.89%

View full portfolio (4,085 holdings) →

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