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 Tr (IVV, 14.0%), Vanguard Bd Index Fds (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 Tr	14.0%	13.9%	35,018,846	+1.2%	$26.2B
BNDVanguard Bd Index Fds	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 Strategic Tr	4.6%	4.6%	309,394,253	+2.4%	$8.6B
IJRIshares Tr	3.5%	3.3%	44,570,998	+2.6%	$6.6B
RSPInvesco Exchange Traded Fd T	3.2%	3.2%	28,221,905	+4.2%	$6.0B
VEAVanguard Ftse Developed Markets Index Fu	2.5%	2.5%	66,823,471	+4.2%	$4.8B
SPYState Str Spdr S&p 500 ETF T	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 Tr	1.9%	2.0%	37,299,272	+2.6%	$3.6B
TLTIshares Tr	1.8%	2.4%	38,995,705	-12.1%	$3.4B
AVLVAmerican Centy ETF Tr	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 Index Fds	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 Mun Bd Fds	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 Inc	0.9%	0.8%	20,134,881	+3.6%	$1.7B
VNQVanguard Index Fds	0.9%	0.7%	16,949,846	+32.1%	$1.6B
IUSBIshares Tr	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	0.6%	0.6%	5,923,023	+2.2%	$1.2B
SCHHSchwab Strategic Tr	0.6%	—	49,794,731	—	$1.2B
QQQMInvesco Exch Traded Fd Tr II	0.6%	0.5%	3,868,368	+4.7%	$1.2B
SCHXSchwab Strategic Tr	0.6%	0.5%	37,819,350	+8.6%	$1.1B
CGDVCapital Group Dividend Value	0.6%	0.5%	21,588,874	+9.0%	$1.1B
VTVVanguard Index Fds	0.6%	0.5%	4,787,110	+5.4%	$1.0B
AAPLApple Inc	0.6%	0.6%	3,571,020	-2.8%	$1.0B
DYNFBlackrock ETF Trust	0.6%	0.5%	15,169,385	+14.5%	$1.0B
MUBIshares Tr	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 Index Fds	0.5%	0.5%	2,831,461	-0.4%	$973.8M
VUGVanguard Index Fds	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	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 Index Fds	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 Tr	0.4%	2.0%	3,302,880	-85.7%	$659.9M
MDYState Str Spdr S&p Midcap 40	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 World Fd	0.3%	0.3%	4,731,562	+657.6%	$565.5M
IWBIshares Tr	0.3%	0.3%	1,337,416	-3.1%	$547.7M
EMXCIshares Inc	0.3%	—	5,351,025	—	$547.4M
FMDEFidelity Covington Trust	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.

Added to

VGT Vanguard World Fd+657.6% shares
VUG Vanguard Index Fds+513.1% shares
VO Vanguard Index Fds+286.5% shares
VNQ Vanguard Index Fds+32.1% shares
DYNF Blackrock ETF Trust+14.5% shares
VOO Vanguard Index Fds+11.4% shares
IUSB Ishares Tr+10.2% shares
CGDV Capital Group Dividend Value+9.0% shares

Reduced

VLUE Ishares Tr-85.7% shares
TLT Ishares Tr-12.1% shares

Left the top 50

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, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 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 Tr (IVV) at 14.0%, Vanguard Bd Index Fds (BND) at 5.5%, Ishares Tr (IJH) at 5.5%, Schwab Strategic Tr (SCHF) at 4.6% and Ishares Tr (IJR) at 3.5%.

What did Northwestern Mutual Wealth Management Co buy last quarter?

In Q2 2026, Northwestern Mutual Wealth Management Co added Vanguard World Fd (VGT) (+657.6% shares), Vanguard Index Fds (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 Tr (IAU), cut from its top 50 Pacer Fds Tr (COWZ), cut from its top 50 Ishares Tr (IEF), cut from its top 50 Fidelity Covington Trust (FENI), cut from its top 50 Schwab Strategic Tr (SCHD), Ishares Tr (VLUE) (-85.7% shares) and Ishares Tr (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.