SEC 13F Intelligence

Managers / Q4 2025 · view latest →

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

CIK 0001141802 · 720 EAST WISCONSIN AVENUE, MILWAUKEE, WI, 53202 · 414-665-8621

Reported Value
$158.1B
Q4 2025
Positions
4,007
Filings on Record
31
2019–present window
Filed
Feb 10, 2026
amendment (RESTATEMENT)

Summary

Northwestern Mutual Wealth Management Co reported $158.1B in U.S.-listed holdings across 4,007 positions for Q4 2025.

Its largest position, IVV, represents 14.7% of the portfolio.

Compared with Q3 2025, the fund opened 539 new positions and exited 321.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $20.0BQ4 ’18Q1 ’19: $22.8BQ2 ’19: $24.9BQ3 ’19: $26.3BQ4 ’19: $29.3BQ4 ’19Q1 ’20: $25.9BQ2 ’20: $32.4BQ3 ’20: $37.2BQ4 ’20: $43.3BQ4 ’20Q1 ’21: $47.1BQ2 ’21: $52.7BQ3 ’21: $54.7BQ4 ’21: $61.2BQ4 ’21Q1 ’22: $62.4BQ2 ’22: $58.2BQ3 ’22: $57.3BQ1 ’23: $71.6BQ1 ’23Q2 ’23: $77.4BQ3 ’23: $76.9BQ4 ’23: $88.7BQ1 ’24: $97.3BQ1 ’24Q2 ’24: $101.4BQ3 ’24: $112.6BQ4 ’24: $118.5BQ1 ’25: $122.3BQ1 ’25Q2 ’25: $137.2BQ3 ’25: $150.0BQ4 ’25: $158.1BQ1 ’26: $162.4BQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 90.5%Common Stock: 8.9%Other: 0.2%ADR: 0.2%Closed-End Fund: 0.1%Other: 0.1%
  • ETP · 90.5% · $143.1B
  • Common Stock · 8.9% · $14.0B
  • Other · 0.2% · $341M
  • ADR · 0.2% · $333M
  • Closed-End Fund · 0.1% · $195M
  • Other · 0.1% · $112M

Quarter-over-Quarter Changes full breakdown →

Holdings — Q4 2025

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#IssuerClass% PortfolioValueShares

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$162.4B4,113May 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$158.1B4,007Feb 10, 2026RESTATEMENTchanges · EDGAR ↗
Q3 2025$150.0B3,789Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$137.2B3,653Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$122.3B3,648May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$118.5B3,588Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$112.6B3,585Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$101.4B3,482Aug 16, 202413F-HRchanges · EDGAR ↗
Q1 2024$97.3B3,555May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$88.7B3,461Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$76.9B3,266Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$77.4B3,333Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$71.6B3,341May 15, 202313F-HRchanges · EDGAR ↗
Q3 2022$57.3B3,211Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$58.2B3,312Aug 4, 202213F-HRchanges · EDGAR ↗
Q1 2022$62.4B3,246May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$61.2B3,257Feb 3, 202213F-HRchanges · EDGAR ↗
Q3 2021$54.7B3,098Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$52.7B3,069Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$47.1B2,829May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$43.3B2,737Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$37.2B2,612Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$32.4B2,426Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$25.9B2,687May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$29.3B2,471Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$26.3B2,550Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$24.9B2,543Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$22.8B2,601May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$20.0B2,465Feb 12, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 76 additional managers.

  • 12th Street Asset Management Company, LLC028-16737
  • ACADIAN ASSET MANAGEMENT LLC028-05990
  • AFFINITY INVESTMENT ADVISORS, LLC028-14467
  • Alley Co LLC028-15235
  • ALLIANCEBERNSTEIN L.P.028-10562
  • Allspring Funds Management, LLC028-11406
  • ALTA CAPITAL MANAGEMENT LLC/028-05119
  • Aristotle Atlantic Partners, LLC028-18496
  • Aristotle Capital Management, LLC028-02634
  • BERKSHIRE ASSET MANAGEMENT LLC/PA028-05034
  • BlackRock Investment Management, LLC028-12016
  • BNY Mellon Securities Corp028-18785
  • Boston Partners028-12484
  • BRANDES INVESTMENT PARTNERS, LP028-05620
  • Brown Advisory LLC028-05775
  • CAMPBELL NEWMAN ASSET MANAGEMENT INC028-02903
  • CAPITAL RESEARCH & MANAGEMENT CO028-00157
  • Capital Wealth Planning, LLC028-15439
  • CAUSEWAY CAPITAL MANAGEMENT LLC028-11728
  • CHILTON CAPITAL MANAGEMENT LLC028-03569
  • COHEN & STEERS CAPITAL MANAGEMENT INC028-02405
  • COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC028-10477
  • CONGRESS ASSET MANAGEMENT CO028-03434
  • Copeland Capital Management, LLC028-14668
  • Crossmark Global Holdings, Inc.028-18152
  • Dana Investment Advisors, Inc.028-13023
  • DAVIDSON INVESTMENT ADVISORS028-10301
  • EAGLE ASSET MANAGEMENT INC028-01666
  • EARNEST PARTNERS LLC028-05269
  • EATON VANCE MANAGEMENT028-04139
  • FAYEZ SAROFIM & CO028-10991
  • FEDERATED INVESTMENT COUNSELING028-01454
  • FIRST EAGLE SEPARATE ACCOUNT MANAGEMENT, LLC028-22867
  • FIRST TRUST ADVISORS LP028-06487
  • FRANKLIN TEMPLETON PRIVATE PORTFOLIO GROUP, LLC028-12558
  • FRED ALGER MANAGEMENT, LLC028-00869
  • FULLER & THALER ASSET MANAGEMENT, INC.028-04007
  • GOLDMAN SACHS ASSET MANAGEMENT, L.P.028-10981
  • Hartford Funds Management Co LLC028-15481
  • HEARTLAND ADVISORS INC028-04131
  • Hillman Capital Management, Inc.028-11091
  • Invesco Advisers, Inc.028-00255
  • JANUS HENDERSON INVESTORS US LLC028-01343
  • JENNISON ASSOCIATES LLC028-00074
  • JENSEN INVESTMENT MANAGEMENT INC028-03495
  • KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC028-05792
  • LAZARD ASSET MANAGEMENT LLC028-10469
  • LOGAN CAPITAL MANAGEMENT INC028-05837
  • LONDON CO OF VIRGINIA028-10665
  • LOOMIS SAYLES & CO L P028-00398
  • Madison Investment Advisors, LLC028-14137
  • MANULIFE INVESTMENT MANAGEMENT (US) LLC028-03673
  • MDT ADVISERS INC028-07406
  • MFS Institutional Advisors, Inc.028-13173
  • Neuberger Berman Investment Advisers LLC028-17085
  • OAK RIDGE INVESTMENTS LLC028-06668
  • PARAMETRIC PORTFOLIO ASSOCIATES LLC028-04558
  • PARNASSUS INVESTMENTS, LLC028-05022
  • PGIM Custom Harvest LLC028-20883
  • POLEN CAPITAL MANAGEMENT LLC028-03687
  • PRINCIPAL REAL ESTATE INVESTORS LLC028-10400
  • PUTNAM INVESTMENT MANAGEMENT LLC028-00090
  • QRG CAPITAL MANAGEMENT, INC.028-23430
  • Raub Brock Capital Management LP028-15157
  • REINHART PARTNERS, LLC.028-04879
  • Riverwater Partners LLC028-21541
  • Robert W. Baird & Co. Inc028-01911
  • RUSSELL FRANK CO/028-01190
  • SCHAFER CULLEN CAPITAL MANAGEMENT INC028-04691
  • SCOUT INVESTMENTS, INC.028-10260
  • SpiderRock Advisors, LLC028-18017
  • Suncoast Equity Management028-11066
  • Wakefield Asset Managment Corp028-19415
  • WCM INVESTMENT MANAGEMENT, LLC028-07104
  • WESTFIELD CAPITAL MANAGEMENT CO LP028-10220
  • ZACKS INVESTMENT MANAGEMENT028-04587

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.