§ 13F · FUND PROFILE
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO.
Insurance company, conservative allocation
AUM · $150.0B (13F)Positions · 3789Turnover · 99% · Q1Filed · May 7, 2026
CONCENTRATION
47%
Top 10 holdings
NEW BUYS
+494
+$67M deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → RETAIL
-12pp · +-2pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 7, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | IVV | ISHARES TR | 34.60M | $22.6B | 13.9% | −40% |
| 2 | BND | VANGUARD BD INDEX FDS | 134.82M | $9.9B | 6.1% | +3% |
| 3 | IJH | ISHARES TR | 128.82M | $8.7B | 5.4% | +3% |
| 4 | SCHF | SCHWAB STRATEGIC TR | 302.29M | $7.5B | 4.6% | +2% |
| 5 | IJR | ISHARES TR | 43.44M | $5.4B | 3.3% | +2% |
| 6 | RSP | INVESCO EXCHANGE TRADED FD T | 27.09M | $5.2B | 3.2% | +1% |
| 7 | FBND | FIDELITY MERRIMACK STR TR | 95.85M | $4.4B | 2.7% | +4% |
| 8 | VWO | VANGUARD INTL EQUITY INDEX F | 80.16M | $4.3B | 2.7% | +2% |
| 9 | VEA | VANGUARD TAX-MANAGED FDS | 64.15M | $4.1B | 2.5% | +4% |
| 10 | SPY | STATE STR SPDR S&P 500 ETF T | 6.11M | $4.0B | 2.4% | +2% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other3.4% (−12pp)
Technology1.6%
Semiconductors1.4%
Media1.0%
Retail0.8% (−2pp)
Financial Services0.6% (−6pp)
§ 03 · THE NORTHWESTERN SIGNAL
AC read
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO is a Income / Defensive fund managing $150.0 billion in assets. The fund runs a massive portfolio of 3,789 positions, moderate concentration, with the top 10 accounting for 47%. Trading activity is aggressive at 99% quarterly turnover, with 494 new positions and 0 exits last quarter. Top sector allocations: Other (3%), Technology (2%), Semiconductors (1%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+494 buys · −0 exits · 3561 changed
Q4 2025
Busy quarter
+539 buys · −0 exits · 3787 changed
Q4 2025
Busy quarter
+539 buys · −0 exits · 3787 changed
Q3 2025
Busy quarter
+460 buys · −0 exits · 2842 changed