Filed: 5/14/2025ACC: 0001085146-25-003139
📋 What this filing means
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO filed this quarterly 13F‑HR report disclosing 3648 equity positions with a total reported market value of $122.28B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
3648
Positions
$122.28B
Total AUM (reported)
1.73B
Total Shares
Allocation by class
CORE S&P500 ETF$17.59B14.4%
TOTAL BND MRKT$8.73B7.1%
COM$8.37B6.8%
INTL EQTY ETF$6.89B5.6%
CORE S&P MCP ETF$6.66B5.4%
CORE S&P SCP ETF$4.08B3.3%
S&P500 EQL WGT$4.08B3.3%
Portfolio Concentration
Top 3$33.21B27.2%
4–10$28.20B23.1%
11–25$22.46B18.4%
Rest$38.41B31.4%
Top 3 weight
27.2%
Top 10 weight
50.2%
Voting Authority Distribution
Total shares with voting rights: 1.73B
Sole
Full voting authority
762.66K
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
1.72B
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole0
Shared0
Other3648
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings3648
Rows:
ISHARES TR
DFNDShares31.30M
TypeSH
Market value$17.59B
14.38%
Sole
0.00
Shared
0.00
None
31.30M
VANGUARD BD INDEX FDS
DFNDShares118.92M
TypeSH
Market value$8.73B
7.14%
Sole
0.00
Shared
0.00
None
118.92M
SCHWAB STRATEGIC TR
DFNDShares348.09M
TypeSH
Market value$6.89B
5.63%
Sole
0.00
Shared
0.00
None
348.09M
ISHARES TR
DFNDShares114.08M
TypeSH
Market value$6.66B
5.44%
Sole
0.00
Shared
0.00
None
114.08M
ISHARES TR
DFNDShares39.05M
TypeSH
Market value$4.08B
3.34%
Sole
0.00
Shared
0.00
None
39.05M
INVESCO EXCHANGE TRADED FD T
DFNDShares23.55M
TypeSH
Market value$4.08B
3.34%
Sole
0.00
Shared
0.00
None
23.55M
FIDELITY MERRIMACK STR TR
DFNDShares81.16M
TypeSH
Market value$3.71B
3.03%
Sole
0.00
Shared
0.00
None
81.16M
ISHARES TR
DFNDShares38.02M
TypeSH
Market value$3.46B
2.83%
Sole
0.00
Shared
0.00
None
38.02M
SPDR S&P 500 ETF TR
DFNDShares5.57M
TypeSH
Market value$3.12B
2.55%
Sole
0.00
Shared
0.00
None
5.57M
VANGUARD INTL EQUITY INDEX F
DFNDShares68.52M
TypeSH
Market value$3.10B
2.54%
Sole
0.00
Shared
0.00
None
68.52M
VANGUARD TAX-MANAGED FDS
DFNDShares59.63M
TypeSH
Market value$3.03B
2.48%
Sole
0.00
Shared
0.00
None
59.63M
ISHARES TR
DFNDShares34.16M
TypeSH
Market value$2.58B
2.11%
Sole
0.00
Shared
0.00
None
34.16M
ISHARES INC
DFNDShares42.29M
TypeSH
Market value$2.25B
1.84%
Sole
0.00
Shared
0.00
None
42.29M
ISHARES TR
DFNDShares20.68M
TypeSH
Market value$2.21B
1.80%
Sole
0.00
Shared
0.00
None
20.68M
VANGUARD MUN BD FDS
DFNDShares34.50M
TypeSH
Market value$1.71B
1.40%
Sole
0.00
Shared
0.00
None
34.50M
VANGUARD INDEX FDS
DFNDShares6.25M
TypeSH
Market value$1.62B
1.32%
Sole
0.00
Shared
0.00
None
6.25M
INVESCO QQQ TR
DFNDShares3.20M
TypeSH
Market value$1.50B
1.23%
Sole
0.00
Shared
0.00
None
3.20M
VANGUARD INDEX FDS
DFNDShares2.24M
TypeSH
Market value$1.15B
0.94%
Sole
0.00
Shared
0.00
None
2.24M
ISHARES TR
DFNDShares11.55M
TypeSH
Market value$1.14B
0.93%
Sole
0.00
Shared
0.00
None
11.55M
ISHARES TR
DFNDShares22.99M
TypeSH
Market value$1.06B
0.87%
Sole
0.00
Shared
0.00
None
22.99M
ISHARES INC
DFNDShares18.29M
TypeSH
Market value$986.87M
0.81%
Sole
0.00
Shared
0.00
None
18.29M
VANGUARD INDEX FDS
DFNDShares9.54M
TypeSH
Market value$864.03M
0.71%
Sole
0.00
Shared
0.00
None
9.54M
ISHARES TR
DFNDShares7.59M
TypeSH
Market value$800.09M
0.65%
Sole
0.00
Shared
0.00
None
7.59M
APPLE INC
DFNDShares3.55M
TypeSH
Market value$788.83M
0.65%
Sole
25.94K
Shared
0.00
None
3.53M
GOLDMAN SACHS ETF TR
DFNDShares6.95M
TypeSH
Market value$765.03M
0.63%
Sole
0.00
Shared
0.00
None
6.95M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRDFND | CORE S&P500 ETF | 31.30M | SH | $17.59B 14.38% | 0.00 | 0.00 | 31.30M |
VANGUARD BD INDEX FDSDFND | TOTAL BND MRKT | 118.92M | SH | $8.73B 7.14% | 0.00 | 0.00 | 118.92M |
SCHWAB STRATEGIC TRDFND | INTL EQTY ETF | 348.09M | SH | $6.89B 5.63% | 0.00 | 0.00 | 348.09M |
ISHARES TRDFND | CORE S&P MCP ETF | 114.08M | SH | $6.66B 5.44% | 0.00 | 0.00 | 114.08M |
ISHARES TRDFND | CORE S&P SCP ETF | 39.05M | SH | $4.08B 3.34% | 0.00 | 0.00 | 39.05M |
INVESCO EXCHANGE TRADED FD TDFND | S&P500 EQL WGT | 23.55M | SH | $4.08B 3.34% | 0.00 | 0.00 | 23.55M |
FIDELITY MERRIMACK STR TRDFND | TOTAL BD ETF | 81.16M | SH | $3.71B 3.03% | 0.00 | 0.00 | 81.16M |
ISHARES TRDFND | 20 YR TR BD ETF | 38.02M | SH | $3.46B 2.83% | 0.00 | 0.00 | 38.02M |
SPDR S&P 500 ETF TRDFND | TR UNIT | 5.57M | SH | $3.12B 2.55% | 0.00 | 0.00 | 5.57M |
VANGUARD INTL EQUITY INDEX FDFND | FTSE EMR MKT ETF | 68.52M | SH | $3.10B 2.54% | 0.00 | 0.00 | 68.52M |
VANGUARD TAX-MANAGED FDSDFND | VAN FTSE DEV MKT | 59.63M | SH | $3.03B 2.48% | 0.00 | 0.00 | 59.63M |
ISHARES TRDFND | CORE MSCI EAFE | 34.16M | SH | $2.58B 2.11% | 0.00 | 0.00 | 34.16M |
ISHARES INCDFND | MSCI EURZONE ETF | 42.29M | SH | $2.25B 1.84% | 0.00 | 0.00 | 42.29M |
ISHARES TRDFND | MSCI USA VALUE | 20.68M | SH | $2.21B 1.80% | 0.00 | 0.00 | 20.68M |
VANGUARD MUN BD FDSDFND | TAX EXEMPT BD | 34.50M | SH | $1.71B 1.40% | 0.00 | 0.00 | 34.50M |
VANGUARD INDEX FDSDFND | MID CAP ETF | 6.25M | SH | $1.62B 1.32% | 0.00 | 0.00 | 6.25M |
INVESCO QQQ TRDFND | UNIT SER 1 | 3.20M | SH | $1.50B 1.23% | 0.00 | 0.00 | 3.20M |
VANGUARD INDEX FDSDFND | S&P 500 ETF SHS | 2.24M | SH | $1.15B 0.94% | 0.00 | 0.00 | 2.24M |
ISHARES TRDFND | CORE US AGGBD ET | 11.55M | SH | $1.14B 0.93% | 0.00 | 0.00 | 11.55M |
ISHARES TRDFND | CORE TOTAL USD | 22.99M | SH | $1.06B 0.87% | 0.00 | 0.00 | 22.99M |
ISHARES INCDFND | CORE MSCI EMKT | 18.29M | SH | $986.87M 0.81% | 0.00 | 0.00 | 18.29M |
VANGUARD INDEX FDSDFND | REAL ESTATE ETF | 9.54M | SH | $864.03M 0.71% | 0.00 | 0.00 | 9.54M |
ISHARES TRDFND | NATIONAL MUN ETF | 7.59M | SH | $800.09M 0.65% | 0.00 | 0.00 | 7.59M |
APPLE INCDFND | COM | 3.55M | SH | $788.83M 0.65% | 25.94K | 0.00 | 3.53M |
GOLDMAN SACHS ETF TRDFND | ACTIVEBETA US LG | 6.95M | SH | $765.03M 0.63% | 0.00 | 0.00 | 6.95M |
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