Northwestern Mutual Wealth Management Co

Q4 2025 Holdings

Filed 2026-02-05 | 4007 holdings | $158.1B | 13F-HR/A | View on SEC ↗ · Holdings Table ↗

Amended (2026-02-10) | View on SEC ↗ · Holdings Table ↗

Issuer	Class	CUSIP	Value ↓	Shares	% Portfolio
Ishares TR(IVV)A	CORE S&P500 ETF	464287200	$23.2B	33,837,717	14.7%
Vanguard BD Index FDS(BND)A	TOTAL BND MRKT	921937835	$9.7B	130,902,798	6.1%
Ishares TR(IJH)A	CORE S&P MCP ETF	464287507	$8.2B	124,791,222	5.2%
Schwab Strategic TR(SCHF)A	INTL EQTY ETF	808524805	$7.2B	297,753,417	4.5%
Ishares TR(IJR)A	CORE S&P SCP ETF	464287804	$5.1B	42,562,587	3.2%
Invesco Exchange Traded FD T(RSP)A	S&P500 EQL WGT	46137V357	$5.0B	26,252,217	3.2%
Fidelity Merrimack STR TR(FBND)A	TOTAL BD ETF	316188309	$4.3B	92,442,810	2.7%
Vanguard Intl Equity Index F(VWO)A	FTSE EMR MKT ETF	922042858	$4.2B	78,224,671	2.7%
Spdr S&P 500 ETF TR(SPY)A	TR UNIT	78462F103	$4.1B	5,951,990	2.6%
Vanguard Tax-Managed FDS(VEA)A	VAN FTSE DEV MKT	921943858	$3.9B	61,886,335	2.4%
Ishares TR(TLT)A	20 YR TR BD ETF	464287432	$3.8B	43,140,136	2.4%
Ishares TR(IEFA)A	CORE MSCI EAFE	46432F842	$3.1B	34,998,927	2.0%
Ishares TR(VLUE)A	MSCI USA VALUE	46432F388	$3.1B	22,746,544	2.0%
Ishares TR(IQLT)A	MSCI INTL QUALTY	46434V456	$2.5B	55,312,118	1.6%
Invesco QQQ TR(QQQ)A	UNIT SER 1	46090E103	$1.9B	3,091,292	1.2%
Vanguard MUN BD FDS(VTEB)A	TAX EXEMPT BD	922907746	$1.8B	36,651,506	1.2%
Vanguard Index FDS(VO)A	MID CAP ETF	922908629	$1.8B	6,181,162	1.1%
Vanguard Index FDS(VOO)A	S&P 500 ETF SHS	922908363	$1.7B	2,682,140	1.1%
Dimensional ETF Trust(DFIV)A	INTERNATNAL VAL	25434V807	$1.5B	29,462,953	0.9%
Ishares TR(IUSB)A	CORE UNIVRSL USD	46434V613	$1.3B	28,622,754	0.8%
Ishares Inc(IEMG)A	CORE MSCI EMKT	46434G103	$1.2B	18,337,027	0.8%
Ishares TR(AGG)A	CORE US AGGBD ET	464287226	$1.2B	12,278,036	0.8%
Vanguard Index FDS(VNQ)A	REAL ESTATE ETF	922908553	$1.1B	11,994,193	0.7%
Nvidia Corporation(NVDA)A	COM	67066G104	$1.0B	5,596,751	0.7%
Apple Inc(AAPL)A	COM	037833100	$1.0B	3,708,731	0.6%
Microsoft Corp(MSFT)A	COM	594918104	$974.9M	2,015,858	0.6%
Goldman Sachs ETF TR(GSLC)A	ACTIVEBETA US LG	381430503	$936.9M	7,077,759	0.6%
Invesco Exch Traded FD TR II(QQQM)A	NASDAQ 100 ETF	46138G649	$926.7M	3,664,198	0.6%
Ishares TR(MUB)A	NATIONAL MUN ETF	464288414	$903.1M	8,431,113	0.6%
Vanguard BD Index FDS(BIV)A	INTERMED TERM	921937819	$874.4M	11,227,638	0.6%
Vanguard Index FDS(VV)A	LARGE CAP ETF	922908637	$869.2M	2,761,156	0.5%
Vanguard Index FDS(VUG)A	GROWTH ETF	922908736	$854.5M	1,751,624	0.5%
Schwab Strategic TR(SCHX)A	US LRG CAP ETF	808524201	$833.8M	30,984,972	0.5%
Capital Group Dividend Value(CGDV)A	SHS CREATION UNI	14020W106	$818.5M	18,754,937	0.5%
Amazon COM Inc(AMZN)A	COM	023135106	$810.8M	3,512,910	0.5%
Vanguard Index FDS(VTV)A	VALUE ETF	922908744	$781.8M	4,093,400	0.5%
Alphabet Inc(GOOGL)A	CAP STK CL A	02079K305	$731.2M	2,336,106	0.5%
Ishares TR(INTF)A	INTL EQTY FACTOR	46434V274	$719.8M	19,066,471	0.5%
Vanguard Index FDS(VB)A	SMALL CP ETF	922908751	$708.8M	2,747,982	0.4%
BlackRock ETF Trust(DYNF)A	ISHARES US EQUIT	09290C103	$680.7M	11,194,500	0.4%
Ishares TR(IVLU)A	MSCI INTL VLU FT	46435G409	$654.5M	17,200,645	0.4%
Goldman Sachs ETF TR(GIGB)	ACCESS INVT GR	381430479	$627.3M	3,274,925	0.4%
Capital Group Growth ETF(CGGR)A	SHS CREATION UNI	14020G101	$539.7M	12,136,612	0.3%
Ishares Gold TR(IAU)A	ISHARES NEW	464285204	$535.4M	6,595,990	0.3%
Spdr S&P Midcap 400 ETF TR(MDY)A	UTSER1 S&PDCRP	78467Y107	$500.7M	830,031	0.3%
Ishares TR(IWB)A	RUS 1000 ETF	464287622	$493.8M	1,322,245	0.3%
Pacer FDS TR(COWZ)A	US CASH COWS 100	69374H881	$480.1M	7,978,756	0.3%
Vanguard World FD(VGT)A	INF TECH ETF	92204A702	$476.8M	632,525	0.3%
Meta Platforms Inc(META)A	CL A	30303M102	$443.2M	671,491	0.3%
Ishares TR(IEF)A	7-10 YR TRSY BD	464287440	$443.2M	4,608,776	0.3%

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