1y return+19.1%S&P 500 +20.9%
3y return+47.5%S&P 500 +68.5%
5y return+39.3%S&P 500 +74.5%
10y return+131.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $231 against $357 in the S&P 500.2
Northwestern Mutual Wealth Management CoS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IVVIshares Tr | $26.2B | 14.0% | +1.2% |
| BNDVanguard Bd Index Fds | $10.4B | 5.5% | +4.8% |
| IJHIshares Tr | $10.2B | 5.5% | +3.1% |
| SCHFSchwab Strategic Tr | $8.6B | 4.6% | +2.4% |
| IJRIshares Tr | $6.6B | 3.5% | +2.6% |
| RSPInvesco Exchange Traded Fd T | $6.0B | 3.2% | +4.2% |
| VEAVanguard Tax-managed Fds | $4.8B | 2.5% | +4.2% |
| SPYState Str Spdr S&p 500 Etf T | $4.7B | 2.5% | +2.1% |
| VWOVanguard Intl Equity Index F | $4.6B | 2.5% | −3.1% |
| FBNDFidelity Merrimack Str Tr | $4.6B | 2.5% | +6.1% |
| IEFAIshares Tr | $3.6B | 1.9% | +2.6% |
| TLTIshares Tr | $3.4B | 1.8% | −12.1% |
| AVLVAmerican Centy Etf Tr | $3.0B | 1.6% | +1247.9% |
| IQLTIshares Tr | $2.9B | 1.6% | +4.0% |
| QQQInvesco Qqq Tr | $2.3B | 1.2% | |
| VOOVanguard Index Fds | $2.2B | 1.2% | +11.4% |
| VOVanguard Index Fds | $2.0B | 1.0% | −3.4% |
| VTEBVanguard Mun Bd Fds | $1.9B | 1.0% | |
| DFIVDimensional Etf Trust | $1.8B | 1.0% | +7.6% |
| IEMGIshares Inc | $1.7B | 0.9% | +3.6% |
| VNQVanguard Index Fds | $1.6B | 0.9% | +32.1% |
| IUSBIshares Tr | $1.5B | 0.8% | +10.2% |
| AGGIshares Tr | $1.3B | 0.7% | |
| NVDANvidia Corporation | $1.2B | 0.6% | +2.2% |
| SCHHSchwab Strategic Tr | $1.2B | 0.6% | +557.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $1.2B |
| AAPLApple Inc | June 30, 2020 | +217.3% | $1.0B |
| QQQInvesco Qqq Tr | June 30, 2020 | +197.4% | $2.3B |
| VUGVanguard Index Fds | June 30, 2020 | +155.7% | $937.9M |
| VOOVanguard Index Fds | June 30, 2020 | +142.3% | $2.2B |
| SPYState Str Spdr S&p 500 Etf T | June 30, 2020 | +142.2% | $4.7B |
| IVVIshares Tr | June 30, 2020 | +141.8% | $26.2B |
| VVVanguard Index Fds | June 30, 2020 | +140.5% | $973.8M |
| SCHXSchwab Strategic Tr | June 30, 2020 | +138.3% | $1.1B |
| GSLCGoldman Sachs Etf Tr | June 30, 2020 | +126.7% | $991.5M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $20.8M
- Dupont De Nemours IncCUSIP 26614N102 was $3.8M
- LDRCIshares Tr was $3.4M
- Carnival CorpCUSIP 143658300 was $2.8M
- OIO-i Glass Inc was $1.0M
- CTRACoterra Energy Inc was $748K
- Calavo Growers IncCUSIP 128246105 was $464K
- Thomson Reuters CorpCUSIP 884903808 was $425K
- Apellis Pharmaceuticals IncCUSIP 03753U106 was $414K
- OAKMHarris Oakmark Etf Trust was $379K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.6% | +14.8% |
| March 31, 2026 | −1.0% | −4.6% |
| December 31, 2025 | +1.8% | +2.4% |
| September 30, 2025 | +5.9% | +7.8% |
| June 30, 2025 | +7.4% | +10.5% |
| March 31, 2025 | −1.3% | −4.6% |
| December 31, 2024 | −2.3% | +2.1% |
| September 30, 2024 | +6.0% | +5.4% |
| June 30, 2024 | +0.7% | +4.0% |
| March 31, 2024 | +6.3% | +10.0% |
| December 31, 2023 | +9.7% | +11.2% |
| September 30, 2023 | −4.0% | −3.6% |
| June 30, 2023 | +4.0% | +8.3% |
| March 31, 2023 | +5.6% | +7.0% |
| December 31, 2022 | +7.8% | +7.1% |
| September 30, 2022 | −6.5% | −5.3% |
| June 30, 2022 | −13.7% | −16.5% |
| March 31, 2022 | −5.3% | −4.9% |
| December 31, 2021 | +5.6% | +10.7% |
| September 30, 2021 | −1.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Northwestern Mutual Wealth Management Co Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1141802&type=13F-HR&dateb=&owner=include&count=40CIK 1141802
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1141802/000114180226000015/Filed August 12, 2026 · accession 0001141802-26-000015