§ 13F · FUND PROFILE
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO.
Insurance company, conservative allocation
AUM · $187.2B (13F)Positions · 4085Turnover · 88% · Q2Filed · Aug 12, 2026
CONCENTRATION
46%
Top 10 holdings
NEW BUYS
+485
+$122M deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → SEMICONDUCTORS
-0pp · +1pp
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 12, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | IVV | ISHARES TR | 35.02M | $26.2B | 14.0% | +1% |
| 2 | BND | VANGUARD BD INDEX FDS | 141.27M | $10.4B | 5.5% | +5% |
| 3 | IJH | ISHARES TR | 132.84M | $10.2B | 5.5% | +3% |
| 4 | SCHF | SCHWAB STRATEGIC TR | 309.39M | $8.6B | 4.6% | +2% |
| 5 | IJR | ISHARES TR | 44.57M | $6.6B | 3.5% | +3% |
| 6 | RSP | INVESCO EXCHANGE TRADED FD T | 28.22M | $6.0B | 3.2% | +4% |
| 7 | VEA | VANGUARD TAX-MANAGED FDS | 66.82M | $4.8B | 2.5% | +4% |
| 8 | SPY | STATE STR SPDR S&P 500 ETF T | 6.24M | $4.7B | 2.5% | +2% |
| 9 | VWO | VANGUARD INTL EQUITY INDEX F | 77.65M | $4.6B | 2.5% | −3% |
| 10 | FBND | FIDELITY MERRIMACK STR TR | 101.66M | $4.6B | 2.5% | +6% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other3.2% (±0)
Semiconductors2.0% (+1pp)
Technology1.6% (±0)
Media1.0% (±0)
Retail0.8% (±0)
Financial Services0.6% (±0)
§ 03 · THE NORTHWESTERN SIGNAL
AC read
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO is a Income / Defensive fund managing $187.2 billion in assets. The fund runs a massive portfolio of 4,085 positions, moderate concentration, with the top 10 accounting for 46%. Trading activity is aggressive at 88% quarterly turnover, with 485 new positions and 0 exits last quarter. Top sector allocations: Other (3%), Semiconductors (2%), Technology (2%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
4 OF 2 FILINGS MEASURED
Q2 2026
Busy quarter
+485 buys · −0 exits · 3108 changed
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