Filed: 11/14/2025ACC: 0001141802-25-000013
📋 What this filing means
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO filed this quarterly 13F‑HR report disclosing 3789 equity positions with a total reported market value of $150.02B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
3789
Positions
$150.02B
Total AUM (reported)
1.87B
Total Shares
Allocation by class
CORE S&P500 ETF$22.37B14.9%
COM$10.57B7.0%
TOTAL BND MRKT$9.42B6.3%
CORE S&P MCP ETF$8.00B5.3%
INTL EQTY ETF$6.65B4.4%
CORE S&P SCP ETF$5.03B3.4%
S&P500 EQL WGT$4.80B3.2%
Portfolio Concentration
Top 3$39.79B26.5%
4–10$32.34B21.6%
11–25$26.44B17.6%
Rest$51.44B34.3%
Top 3 weight
26.5%
Top 10 weight
48.1%
Voting Authority Distribution
Total shares with voting rights: 1.87B
Sole
Full voting authority
735.45K
shares
% of voting shares0.0%
Shared
Joint voting authority
8.52K
shares
% of voting shares0.0%
None
No voting authority
1.87B
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole0
Shared0
Other3789
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings3789
Rows:
ISHARES TR
DFNDShares33.43M
TypeSH
Market value$22.37B
14.91%
Sole
0.00
Shared
0.00
None
33.43M
VANGUARD BD INDEX FDS
DFNDShares126.62M
TypeSH
Market value$9.42B
6.28%
Sole
0.00
Shared
62.00
None
126.62M
ISHARES TR
DFNDShares122.65M
TypeSH
Market value$8.00B
5.34%
Sole
0.00
Shared
0.00
None
122.65M
SCHWAB STRATEGIC TR
DFNDShares285.51M
TypeSH
Market value$6.65B
4.43%
Sole
0.00
Shared
0.00
None
285.51M
ISHARES TR
DFNDShares42.33M
TypeSH
Market value$5.03B
3.35%
Sole
0.00
Shared
0.00
None
42.33M
INVESCO EXCHANGE TRADED FD T
DFNDShares25.29M
TypeSH
Market value$4.80B
3.20%
Sole
0.00
Shared
0.00
None
25.29M
FIDELITY MERRIMACK STR TR
DFNDShares89.52M
TypeSH
Market value$4.14B
2.76%
Sole
0.00
Shared
0.00
None
89.52M
VANGUARD INTL EQUITY INDEX F
DFNDShares74.83M
TypeSH
Market value$4.05B
2.70%
Sole
0.00
Shared
74.00
None
74.83M
SPDR S&P 500 ETF TR
DFNDShares5.91M
TypeSH
Market value$3.94B
2.63%
Sole
0.00
Shared
0.00
None
5.91M
ISHARES TR
DFNDShares41.72M
TypeSH
Market value$3.73B
2.49%
Sole
0.00
Shared
0.00
None
41.72M
VANGUARD TAX-MANAGED FDS
DFNDShares58.13M
TypeSH
Market value$3.48B
2.32%
Sole
0.00
Shared
63.00
None
58.13M
ISHARES TR
DFNDShares33.95M
TypeSH
Market value$2.96B
1.98%
Sole
0.00
Shared
0.00
None
33.95M
ISHARES TR
DFNDShares22.16M
TypeSH
Market value$2.77B
1.85%
Sole
0.00
Shared
0.00
None
22.16M
ISHARES TR
DFNDShares53.04M
TypeSH
Market value$2.34B
1.56%
Sole
0.00
Shared
0.00
None
53.04M
INVESCO QQQ TR
DFNDShares3.17M
TypeSH
Market value$1.90B
1.27%
Sole
0.00
Shared
0.00
None
3.17M
VANGUARD MUN BD FDS
DFNDShares35.75M
TypeSH
Market value$1.79B
1.19%
Sole
0.00
Shared
96.00
None
35.75M
VANGUARD INDEX FDS
DFNDShares6.03M
TypeSH
Market value$1.77B
1.18%
Sole
0.00
Shared
102.00
None
6.03M
VANGUARD INDEX FDS
DFNDShares2.46M
TypeSH
Market value$1.51B
1.00%
Sole
0.00
Shared
97.00
None
2.46M
DIMENSIONAL ETF TRUST
DFNDShares26.88M
TypeSH
Market value$1.24B
0.83%
Sole
0.00
Shared
0.00
None
26.88M
ISHARES TR
DFNDShares26.30M
TypeSH
Market value$1.23B
0.82%
Sole
0.00
Shared
0.00
None
26.30M
ISHARES INC
DFNDShares18.40M
TypeSH
Market value$1.21B
0.81%
Sole
0.00
Shared
0.00
None
18.40M
ISHARES TR
DFNDShares11.87M
TypeSH
Market value$1.19B
0.79%
Sole
0.00
Shared
0.00
None
11.87M
NVIDIA CORPORATION
DFNDShares5.52M
TypeSH
Market value$1.03B
0.69%
Sole
59.78K
Shared
0.00
None
5.45M
MICROSOFT CORP
DFNDShares1.94M
TypeSH
Market value$1.01B
0.67%
Sole
20.73K
Shared
0.00
None
1.92M
VANGUARD INDEX FDS
DFNDShares10.96M
TypeSH
Market value$1.00B
0.67%
Sole
0.00
Shared
100.00
None
10.96M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRDFND | CORE S&P500 ETF | 33.43M | SH | $22.37B 14.91% | 0.00 | 0.00 | 33.43M |
VANGUARD BD INDEX FDSDFND | TOTAL BND MRKT | 126.62M | SH | $9.42B 6.28% | 0.00 | 62.00 | 126.62M |
ISHARES TRDFND | CORE S&P MCP ETF | 122.65M | SH | $8.00B 5.34% | 0.00 | 0.00 | 122.65M |
SCHWAB STRATEGIC TRDFND | INTL EQTY ETF | 285.51M | SH | $6.65B 4.43% | 0.00 | 0.00 | 285.51M |
ISHARES TRDFND | CORE S&P SCP ETF | 42.33M | SH | $5.03B 3.35% | 0.00 | 0.00 | 42.33M |
INVESCO EXCHANGE TRADED FD TDFND | S&P500 EQL WGT | 25.29M | SH | $4.80B 3.20% | 0.00 | 0.00 | 25.29M |
FIDELITY MERRIMACK STR TRDFND | TOTAL BD ETF | 89.52M | SH | $4.14B 2.76% | 0.00 | 0.00 | 89.52M |
VANGUARD INTL EQUITY INDEX FDFND | FTSE EMR MKT ETF | 74.83M | SH | $4.05B 2.70% | 0.00 | 74.00 | 74.83M |
SPDR S&P 500 ETF TRDFND | TR UNIT | 5.91M | SH | $3.94B 2.63% | 0.00 | 0.00 | 5.91M |
ISHARES TRDFND | 20 YR TR BD ETF | 41.72M | SH | $3.73B 2.49% | 0.00 | 0.00 | 41.72M |
VANGUARD TAX-MANAGED FDSDFND | VAN FTSE DEV MKT | 58.13M | SH | $3.48B 2.32% | 0.00 | 63.00 | 58.13M |
ISHARES TRDFND | CORE MSCI EAFE | 33.95M | SH | $2.96B 1.98% | 0.00 | 0.00 | 33.95M |
ISHARES TRDFND | MSCI USA VALUE | 22.16M | SH | $2.77B 1.85% | 0.00 | 0.00 | 22.16M |
ISHARES TRDFND | MSCI INTL QUALTY | 53.04M | SH | $2.34B 1.56% | 0.00 | 0.00 | 53.04M |
INVESCO QQQ TRDFND | UNIT SER 1 | 3.17M | SH | $1.90B 1.27% | 0.00 | 0.00 | 3.17M |
VANGUARD MUN BD FDSDFND | TAX EXEMPT BD | 35.75M | SH | $1.79B 1.19% | 0.00 | 96.00 | 35.75M |
VANGUARD INDEX FDSDFND | MID CAP ETF | 6.03M | SH | $1.77B 1.18% | 0.00 | 102.00 | 6.03M |
VANGUARD INDEX FDSDFND | S&P 500 ETF SHS | 2.46M | SH | $1.51B 1.00% | 0.00 | 97.00 | 2.46M |
DIMENSIONAL ETF TRUSTDFND | INTERNATNAL VAL | 26.88M | SH | $1.24B 0.83% | 0.00 | 0.00 | 26.88M |
ISHARES TRDFND | CORE TOTAL USD | 26.30M | SH | $1.23B 0.82% | 0.00 | 0.00 | 26.30M |
ISHARES INCDFND | CORE MSCI EMKT | 18.40M | SH | $1.21B 0.81% | 0.00 | 0.00 | 18.40M |
ISHARES TRDFND | CORE US AGGBD ET | 11.87M | SH | $1.19B 0.79% | 0.00 | 0.00 | 11.87M |
NVIDIA CORPORATIONDFND | COM | 5.52M | SH | $1.03B 0.69% | 59.78K | 0.00 | 5.45M |
MICROSOFT CORPDFND | COM | 1.94M | SH | $1.01B 0.67% | 20.73K | 0.00 | 1.92M |
VANGUARD INDEX FDSDFND | REAL ESTATE ETF | 10.96M | SH | $1.00B 0.67% | 0.00 | 100.00 | 10.96M |
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