Filed: 8/13/2025ACC: 0001085146-25-004957
📋 What this filing means
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO filed this quarterly 13F‑HR report disclosing 3653 equity positions with a total reported market value of $137.19B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
3653
Positions
$137.19B
Total AUM (reported)
1.81B
Total Shares
Allocation by class
CORE S&P500 ETF$20.17B14.7%
COM$9.69B7.1%
TOTAL BND MRKT$9.01B6.6%
CORE S&P MCP ETF$7.44B5.4%
INTL EQTY ETF$7.33B5.3%
CORE S&P SCP ETF$4.51B3.3%
S&P500 EQL WGT$4.48B3.3%
Portfolio Concentration
Top 3$36.62B26.7%
4–10$30.96B22.6%
11–25$23.73B17.3%
Rest$45.88B33.4%
Top 3 weight
26.7%
Top 10 weight
49.3%
Voting Authority Distribution
Total shares with voting rights: 1.81B
Sole
Full voting authority
757.83K
shares
% of voting shares0.0%
Shared
Joint voting authority
8.52K
shares
% of voting shares0.0%
None
No voting authority
1.81B
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole0
Shared0
Other3653
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings3653
Rows:
ISHARES TR
DFNDShares32.49M
TypeSH
Market value$20.17B
14.70%
Sole
0.00
Shared
0.00
None
32.49M
VANGUARD BD INDEX FDS
DFNDShares122.40M
TypeSH
Market value$9.01B
6.57%
Sole
0.00
Shared
0.00
None
122.40M
ISHARES TR
DFNDShares119.89M
TypeSH
Market value$7.44B
5.42%
Sole
0.00
Shared
0.00
None
119.89M
SCHWAB STRATEGIC TR
DFNDShares331.71M
TypeSH
Market value$7.33B
5.34%
Sole
0.00
Shared
0.00
None
331.71M
ISHARES TR
DFNDShares41.30M
TypeSH
Market value$4.51B
3.29%
Sole
0.00
Shared
0.00
None
41.30M
INVESCO EXCHANGE TRADED FD T
DFNDShares24.66M
TypeSH
Market value$4.48B
3.27%
Sole
0.00
Shared
0.00
None
24.66M
FIDELITY MERRIMACK STR TR
DFNDShares86.13M
TypeSH
Market value$3.94B
2.87%
Sole
0.00
Shared
0.00
None
86.13M
ISHARES TR
DFNDShares40.53M
TypeSH
Market value$3.58B
2.61%
Sole
0.00
Shared
0.00
None
40.53M
SPDR S&P 500 ETF TR
DFNDShares5.79M
TypeSH
Market value$3.58B
2.61%
Sole
0.00
Shared
0.00
None
5.79M
VANGUARD INTL EQUITY INDEX F
DFNDShares71.62M
TypeSH
Market value$3.54B
2.58%
Sole
0.00
Shared
0.00
None
71.62M
VANGUARD TAX-MANAGED FDS
DFNDShares55.05M
TypeSH
Market value$3.14B
2.29%
Sole
0.00
Shared
0.00
None
55.05M
ISHARES TR
DFNDShares32.76M
TypeSH
Market value$2.73B
1.99%
Sole
0.00
Shared
0.00
None
32.76M
ISHARES TR
DFNDShares21.58M
TypeSH
Market value$2.44B
1.78%
Sole
0.00
Shared
0.00
None
21.58M
VANGUARD INDEX FDS
DFNDShares6.73M
TypeSH
Market value$1.88B
1.37%
Sole
0.00
Shared
0.00
None
6.73M
INVESCO QQQ TR
DFNDShares3.22M
TypeSH
Market value$1.78B
1.30%
Sole
0.00
Shared
0.00
None
3.22M
VANGUARD MUN BD FDS
DFNDShares35.17M
TypeSH
Market value$1.72B
1.26%
Sole
0.00
Shared
0.00
None
35.17M
ISHARES TR
DFNDShares33.86M
TypeSH
Market value$1.46B
1.07%
Sole
0.00
Shared
0.00
None
33.86M
VANGUARD INDEX FDS
DFNDShares2.34M
TypeSH
Market value$1.33B
0.97%
Sole
0.00
Shared
0.00
None
2.34M
ISHARES TR
DFNDShares11.96M
TypeSH
Market value$1.19B
0.87%
Sole
0.00
Shared
0.00
None
11.96M
ISHARES TR
DFNDShares24.32M
TypeSH
Market value$1.12B
0.82%
Sole
0.00
Shared
0.00
None
24.32M
ISHARES INC
DFNDShares18.02M
TypeSH
Market value$1.08B
0.79%
Sole
0.00
Shared
0.00
None
18.02M
DIMENSIONAL ETF TRUST
DFNDShares24.63M
TypeSH
Market value$1.05B
0.77%
Sole
0.00
Shared
0.00
None
24.63M
MICROSOFT CORP
DFNDShares1.93M
TypeSH
Market value$958.43M
0.70%
Sole
21.04K
Shared
0.00
None
1.91M
NVIDIA CORPORATION
DFNDShares5.87M
TypeSH
Market value$927.08M
0.68%
Sole
60.62K
Shared
4.00
None
5.81M
VANGUARD INDEX FDS
DFNDShares10.11M
TypeSH
Market value$900.68M
0.66%
Sole
0.00
Shared
0.00
None
10.11M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRDFND | CORE S&P500 ETF | 32.49M | SH | $20.17B 14.70% | 0.00 | 0.00 | 32.49M |
VANGUARD BD INDEX FDSDFND | TOTAL BND MRKT | 122.40M | SH | $9.01B 6.57% | 0.00 | 0.00 | 122.40M |
ISHARES TRDFND | CORE S&P MCP ETF | 119.89M | SH | $7.44B 5.42% | 0.00 | 0.00 | 119.89M |
SCHWAB STRATEGIC TRDFND | INTL EQTY ETF | 331.71M | SH | $7.33B 5.34% | 0.00 | 0.00 | 331.71M |
ISHARES TRDFND | CORE S&P SCP ETF | 41.30M | SH | $4.51B 3.29% | 0.00 | 0.00 | 41.30M |
INVESCO EXCHANGE TRADED FD TDFND | S&P500 EQL WGT | 24.66M | SH | $4.48B 3.27% | 0.00 | 0.00 | 24.66M |
FIDELITY MERRIMACK STR TRDFND | TOTAL BD ETF | 86.13M | SH | $3.94B 2.87% | 0.00 | 0.00 | 86.13M |
ISHARES TRDFND | 20 YR TR BD ETF | 40.53M | SH | $3.58B 2.61% | 0.00 | 0.00 | 40.53M |
SPDR S&P 500 ETF TRDFND | TR UNIT | 5.79M | SH | $3.58B 2.61% | 0.00 | 0.00 | 5.79M |
VANGUARD INTL EQUITY INDEX FDFND | FTSE EMR MKT ETF | 71.62M | SH | $3.54B 2.58% | 0.00 | 0.00 | 71.62M |
VANGUARD TAX-MANAGED FDSDFND | VAN FTSE DEV MKT | 55.05M | SH | $3.14B 2.29% | 0.00 | 0.00 | 55.05M |
ISHARES TRDFND | CORE MSCI EAFE | 32.76M | SH | $2.73B 1.99% | 0.00 | 0.00 | 32.76M |
ISHARES TRDFND | MSCI USA VALUE | 21.58M | SH | $2.44B 1.78% | 0.00 | 0.00 | 21.58M |
VANGUARD INDEX FDSDFND | MID CAP ETF | 6.73M | SH | $1.88B 1.37% | 0.00 | 0.00 | 6.73M |
INVESCO QQQ TRDFND | UNIT SER 1 | 3.22M | SH | $1.78B 1.30% | 0.00 | 0.00 | 3.22M |
VANGUARD MUN BD FDSDFND | TAX EXEMPT BD | 35.17M | SH | $1.72B 1.26% | 0.00 | 0.00 | 35.17M |
ISHARES TRDFND | MSCI INTL QUALTY | 33.86M | SH | $1.46B 1.07% | 0.00 | 0.00 | 33.86M |
VANGUARD INDEX FDSDFND | S&P 500 ETF SHS | 2.34M | SH | $1.33B 0.97% | 0.00 | 0.00 | 2.34M |
ISHARES TRDFND | CORE US AGGBD ET | 11.96M | SH | $1.19B 0.87% | 0.00 | 0.00 | 11.96M |
ISHARES TRDFND | CORE TOTAL USD | 24.32M | SH | $1.12B 0.82% | 0.00 | 0.00 | 24.32M |
ISHARES INCDFND | CORE MSCI EMKT | 18.02M | SH | $1.08B 0.79% | 0.00 | 0.00 | 18.02M |
DIMENSIONAL ETF TRUSTDFND | INTERNATNAL VAL | 24.63M | SH | $1.05B 0.77% | 0.00 | 0.00 | 24.63M |
MICROSOFT CORPDFND | COM | 1.93M | SH | $958.43M 0.70% | 21.04K | 0.00 | 1.91M |
NVIDIA CORPORATIONDFND | COM | 5.87M | SH | $927.08M 0.68% | 60.62K | 4.00 | 5.81M |
VANGUARD INDEX FDSDFND | REAL ESTATE ETF | 10.11M | SH | $900.68M 0.66% | 0.00 | 0.00 | 10.11M |
Page 1 of 147
…