NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC

CIK 0001629649 · Q1 2026

13F Equity AUM

$6.6B

-23.0% QoQ

Positions

874

-3 QoQ

AUM Rank

#847

Top 7%

Skill Alpha (FF)

-2.8%/yr

Underperformer

Rank #6,108 · Top 74%

vs S&P -6.1%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 52.9%Top 10: 64.6%Top 20: 72.1%

EFA16.6%

IVV11.9%

IJR9.9%

IJH8.8%

LQD5.7%

VOO5.0%

NVDA2.1%

AAPL1.8%

VCLT1.5%

IGV1.4%

Others (864)35.4%

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

Sector Allocation

Financial Services67.6%

Technology10.2%

Industrials4.6%

Consumer Cyclical3.8%

Healthcare3.4%

Communication Services3.0%

Other7.4%

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

Position Sizing

Positions: 874Median: 0.02%Avg: 0.11%

0–0.5%

854(27.9%)

0.5–1%

9(6.2%)

1–3%

5(8.1%)

3–5%

1(5.0%)

5%+

5(52.9%)

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

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Portfolio Overlap

Shared: 874Unique: 0vs 20 funds

12%Low

874

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

16.7%

JPMORGAN CHASE & CO

18.1%

BANK OF AMERICA CORP /DE/

18.5%

BlackRock, Inc.

22%

STATE STREET CORP

25.3%

GEODE CAPITAL MANAGEMENT, LLC

24.9%

VANGUARD CAPITAL MANAGEMENT LLC

25.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

30.3%

FMR LLC

29%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New18Increased565Decreased287Exited21

New Positions

IGV1.4%

+1.1M

MINT0.5%

+343K

VRT0.1%

+12K

ORACLE CORP0.1%

+73K

PNFP0.0%

+34K

AEIS0.0%

+8K

SOLS0.0%

+36K

CTRE0.0%

+50K

TECK/B0.0%

+32K

MOG/A0.0%

+6K

Increased

LQD5.7%

+200K(+6%)

VCLT1.5%

+70K(+6%)

RYN0.0%

+29K(+88%)

HBAN0.0%

+15K(+29%)

SF0.0%

+11K(+50%)

TEX0.0%

+11K(+74%)

PR0.1%

+11K(+7%)

NLY0.1%

+8K(+5%)

FITB0.0%

+8K(+36%)

INTC0.1%

+7K(+5%)

Decreased

USHY0.4%

-6,687,000(-90%)

HYG0.7%

-5,230,000(-89%)

EFA16.6%

-4,447,425(-28%)

IJH8.8%

-2,632,676(-24%)

IJR9.9%

-972,729(-16%)

VOO5.0%

-372,990(-41%)

IVV11.9%

-304,700(-20%)

IEFA0.0%

-198,600(-90%)

KVUE0.0%

-108,181(-64%)

COHR0.0%

-29,162(-83%)

Exited

-1,800,000

-33,426

-28,581

-56,010

-41,676

-9,554

-61,349

-17,177

-13,098

-15,909

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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