Filed: 5/7/2026ACC: 0001085146-26-000398
📋 What this filing means
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO filed this quarterly 13F‑HR report disclosing 4113 equity positions with a total reported market value of $162.43B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
4113
Positions
$162.43B
Total AUM (reported)
2.06B
Total Shares
Allocation by class
CORE S&P500 ETF$22.60B13.9%
COM$10.67B6.6%
TOTAL BND MRKT$9.93B6.1%
CORE S&P MCP ETF$8.70B5.4%
INTL EQTY ETF$7.48B4.6%
CORE S&P SCP ETF$5.40B3.3%
S&P500 EQL WGT$5.20B3.2%
Portfolio Concentration
Top 3$41.23B25.4%
4–10$34.87B21.5%
11–25$29.12B17.9%
Rest$57.21B35.2%
Top 3 weight
25.4%
Top 10 weight
46.9%
Voting Authority Distribution
Total shares with voting rights: 2.06B
Sole
Full voting authority
686.79K
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
2.06B
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole0
Shared0
Other4113
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings4113
Rows:
ISHARES TR
DFNDShares34.60M
TypeSH
Market value$22.60B
13.91%
Sole
0.00
Shared
0.00
None
34.60M
VANGUARD BD INDEX FDS
DFNDShares134.82M
TypeSH
Market value$9.93B
6.11%
Sole
0.00
Shared
0.00
None
134.82M
ISHARES TR
DFNDShares128.82M
TypeSH
Market value$8.70B
5.36%
Sole
0.00
Shared
0.00
None
128.82M
SCHWAB STRATEGIC TR
DFNDShares302.29M
TypeSH
Market value$7.48B
4.61%
Sole
0.00
Shared
0.00
None
302.29M
ISHARES TR
DFNDShares43.44M
TypeSH
Market value$5.40B
3.32%
Sole
0.00
Shared
0.00
None
43.44M
INVESCO EXCHANGE TRADED FD T
DFNDShares27.09M
TypeSH
Market value$5.20B
3.20%
Sole
0.00
Shared
0.00
None
27.09M
FIDELITY MERRIMACK STR TR
DFNDShares95.85M
TypeSH
Market value$4.37B
2.69%
Sole
0.00
Shared
0.00
None
95.85M
VANGUARD INTL EQUITY INDEX F
DFNDShares80.16M
TypeSH
Market value$4.33B
2.67%
Sole
0.00
Shared
0.00
None
80.16M
VANGUARD TAX-MANAGED FDS
DFNDShares64.15M
TypeSH
Market value$4.11B
2.53%
Sole
0.00
Shared
0.00
None
64.15M
STATE STR SPDR S&P 500 ETF T
DFNDShares6.11M
TypeSH
Market value$3.98B
2.45%
Sole
0.00
Shared
0.00
None
6.11M
ISHARES TR
DFNDShares44.38M
TypeSH
Market value$3.85B
2.37%
Sole
0.00
Shared
0.00
None
44.38M
ISHARES TR
DFNDShares36.34M
TypeSH
Market value$3.29B
2.03%
Sole
0.00
Shared
0.00
None
36.34M
ISHARES TR
DFNDShares23.03M
TypeSH
Market value$3.27B
2.02%
Sole
0.00
Shared
0.00
None
23.03M
ISHARES TR
DFNDShares56.74M
TypeSH
Market value$2.62B
1.61%
Sole
0.00
Shared
0.00
None
56.74M
VANGUARD MUN BD FDS
DFNDShares38.57M
TypeSH
Market value$1.92B
1.18%
Sole
0.00
Shared
0.00
None
38.57M
INVESCO QQQ TR
DFNDShares3.18M
TypeSH
Market value$1.84B
1.13%
Sole
0.00
Shared
0.00
None
3.18M
VANGUARD INDEX FDS
DFNDShares6.31M
TypeSH
Market value$1.81B
1.12%
Sole
0.00
Shared
0.00
None
6.31M
VANGUARD INDEX FDS
DFNDShares2.89M
TypeSH
Market value$1.73B
1.06%
Sole
0.00
Shared
0.00
None
2.89M
DIMENSIONAL ETF TRUST
DFNDShares31.18M
TypeSH
Market value$1.65B
1.01%
Sole
0.00
Shared
0.00
None
31.18M
ISHARES TR
DFNDShares30.34M
TypeSH
Market value$1.40B
0.86%
Sole
0.00
Shared
0.00
None
30.34M
ISHARES INC
DFNDShares19.44M
TypeSH
Market value$1.36B
0.83%
Sole
0.00
Shared
0.00
None
19.44M
ISHARES TR
DFNDShares12.96M
TypeSH
Market value$1.29B
0.79%
Sole
0.00
Shared
0.00
None
12.96M
VANGUARD INDEX FDS
DFNDShares12.83M
TypeSH
Market value$1.14B
0.70%
Sole
0.00
Shared
0.00
None
12.83M
NVIDIA CORPORATION
DFNDShares5.80M
TypeSH
Market value$1.01B
0.62%
Sole
59.40K
Shared
0.00
None
5.74M
ISHARES TR
DFNDShares8.90M
TypeSH
Market value$945.09M
0.58%
Sole
0.00
Shared
0.00
None
8.90M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRDFND | CORE S&P500 ETF | 34.60M | SH | $22.60B 13.91% | 0.00 | 0.00 | 34.60M |
VANGUARD BD INDEX FDSDFND | TOTAL BND MRKT | 134.82M | SH | $9.93B 6.11% | 0.00 | 0.00 | 134.82M |
ISHARES TRDFND | CORE S&P MCP ETF | 128.82M | SH | $8.70B 5.36% | 0.00 | 0.00 | 128.82M |
SCHWAB STRATEGIC TRDFND | INTL EQTY ETF | 302.29M | SH | $7.48B 4.61% | 0.00 | 0.00 | 302.29M |
ISHARES TRDFND | CORE S&P SCP ETF | 43.44M | SH | $5.40B 3.32% | 0.00 | 0.00 | 43.44M |
INVESCO EXCHANGE TRADED FD TDFND | S&P500 EQL WGT | 27.09M | SH | $5.20B 3.20% | 0.00 | 0.00 | 27.09M |
FIDELITY MERRIMACK STR TRDFND | TOTAL BD ETF | 95.85M | SH | $4.37B 2.69% | 0.00 | 0.00 | 95.85M |
VANGUARD INTL EQUITY INDEX FDFND | FTSE EMR MKT ETF | 80.16M | SH | $4.33B 2.67% | 0.00 | 0.00 | 80.16M |
VANGUARD TAX-MANAGED FDSDFND | VAN FTSE DEV MKT | 64.15M | SH | $4.11B 2.53% | 0.00 | 0.00 | 64.15M |
STATE STR SPDR S&P 500 ETF TDFND | TR UNIT | 6.11M | SH | $3.98B 2.45% | 0.00 | 0.00 | 6.11M |
ISHARES TRDFND | 20 YR TR BD ETF | 44.38M | SH | $3.85B 2.37% | 0.00 | 0.00 | 44.38M |
ISHARES TRDFND | CORE MSCI EAFE | 36.34M | SH | $3.29B 2.03% | 0.00 | 0.00 | 36.34M |
ISHARES TRDFND | MSCI USA VALUE | 23.03M | SH | $3.27B 2.02% | 0.00 | 0.00 | 23.03M |
ISHARES TRDFND | MSCI INTL QUALTY | 56.74M | SH | $2.62B 1.61% | 0.00 | 0.00 | 56.74M |
VANGUARD MUN BD FDSDFND | TAX EXEMPT BD | 38.57M | SH | $1.92B 1.18% | 0.00 | 0.00 | 38.57M |
INVESCO QQQ TRDFND | UNIT SER 1 | 3.18M | SH | $1.84B 1.13% | 0.00 | 0.00 | 3.18M |
VANGUARD INDEX FDSDFND | MID CAP ETF | 6.31M | SH | $1.81B 1.12% | 0.00 | 0.00 | 6.31M |
VANGUARD INDEX FDSDFND | S&P 500 ETF SHS | 2.89M | SH | $1.73B 1.06% | 0.00 | 0.00 | 2.89M |
DIMENSIONAL ETF TRUSTDFND | INTERNATNAL VAL | 31.18M | SH | $1.65B 1.01% | 0.00 | 0.00 | 31.18M |
ISHARES TRDFND | CORE UNIVRSL USD | 30.34M | SH | $1.40B 0.86% | 0.00 | 0.00 | 30.34M |
ISHARES INCDFND | CORE MSCI EMKT | 19.44M | SH | $1.36B 0.83% | 0.00 | 0.00 | 19.44M |
ISHARES TRDFND | CORE US AGGBD ET | 12.96M | SH | $1.29B 0.79% | 0.00 | 0.00 | 12.96M |
VANGUARD INDEX FDSDFND | REAL ESTATE ETF | 12.83M | SH | $1.14B 0.70% | 0.00 | 0.00 | 12.83M |
NVIDIA CORPORATIONDFND | COM | 5.80M | SH | $1.01B 0.62% | 59.40K | 0.00 | 5.74M |
ISHARES TRDFND | NATIONAL MUN ETF | 8.90M | SH | $945.09M 0.58% | 0.00 | 0.00 | 8.90M |
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