NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

CIK 0001141802 · Q2 2026

13F Equity AUM

$187.2B

+15.3% QoQ

Positions

2,298

+38 QoQ

AUM Rank

#64

Top 0.7%

Skill Alpha (FF)

-1.0%/yr^ns

No Clear Edge

Rank #4,276 · Top 51%

vs S&P -3.8%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 33.1%Top 10: 46.3%Top 20: 59.5%

IVV14.0%

BND5.5%

IJH5.5%

SCHF4.6%

IJR3.5%

RSP3.2%

VEA2.5%

SPY2.5%

VWO2.5%

FBND2.5%

Others (2288)53.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services91.4%

Technology3.8%

Other4.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 2298Median: 0.00%Avg: 0.04%

0–0.5%

2262(30.7%)

0.5–1%

18(11.6%)

1–3%

12(21.4%)

3–5%

3(11.3%)

5%+

3(25.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 2,298vs 20 funds

0%Low

2,298

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New485Increased1752Decreased1356Exited512

New Positions

CSRE0.0%

+1.0M

HONEYWELL INTL INC0.0%

+45K

RAAX0.0%

+626K

HONEYWELL AEROSPACE …0.0%

+45K

ROUNDHILL ETF TRUST0.0%

+20

FSUN0.0%

+16

INLX0.0%

+133

GLOBAL SHIP LEASE IN…0.0%

+1K

GRX0.0%

+208

BNDI0.0%

Increased

SCHH0.6%

+42.2M(+558%)

AVLV1.6%

+30.0M(+1248%)

VO1.1%

+18.1M(+287%)

CGSM0.2%

+10.5M(+947%)

VUG0.5%

+9.1M(+513%)

SCHF4.6%

+7.1M(+2%)

BND5.5%

+6.5M(+5%)

FBND2.5%

+5.8M(+6%)

VNQ0.9%

+4.1M(+32%)

VGT0.3%

+4.1M(+658%)

Decreased

VLUE0.3%

-19,725,283(-86%)

TLT1.8%

-5,384,687(-12%)

ABEV0.0%

-2,706,320(-96%)

VWO2.5%

-2,510,518(-3%)

SOFI0.0%

-1,339,121(-82%)

IBHF0.0%

-847,126(-79%)

THRO0.1%

-647,406(-21%)

BPRE0.0%

-630,383(-18%)

QGRO0.0%

-583,327(-70%)

ROKU0.0%

-473,029(-94%)

Exited

-91,890

-32

-497

-2,487

-17

-92

-30

-133,707

-200

-346

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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