NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
CIK
1141802
Location
MILWAUKEE, WI
Portfolio Value
Large
$21,725,162,736
Diversification
Diversified
Filing Date
Global Rank
#263
/ 8,592
▲ 3
Top Industry
Semiconductors
13.1%
3Y Alpha vs SPY
-0.8%
Period ended 3 months ago
Filed May 7, 2026 · 43d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+73.4%
SPY
+76.8%
Annualised alpha
-0.8%
Max drawdown
−19.0%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
2,598 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
18.3%
−0.1 pts
Top 5
39.5%
−1.2 pts
Top 10
52.9%
−1.5 pts
HHI
518
Diversified−15
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 34.1% | $7,407,760,135 |
| Technology | 23.8% | $5,175,730,947 |
| Financial Services | 9.3% | $2,028,199,281 |
| Communication Services | 6.7% | $1,448,459,344 |
| Consumer Cyclical | 6.6% | $1,432,892,320 |
| Industrials | 5.7% | $1,247,051,526 |
| Healthcare | 5.0% | $1,079,938,385 |
| Consumer Defensive | 3.1% | $682,693,492 |
| Energy | 2.9% | $622,688,316 |
| Utilities | 1.3% | $286,740,835 |
| Basic Materials | 1.0% | $209,108,822 |
| Real Estate | 0.5% | $103,899,333 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ABEV | Ambev S.A. | +2,742,723 | 2,826,917 | $8,254,597 | |
| SOFI | SoFi Technologies, Inc. | +1,484,653 | 1,625,784 | $25,817,449 | |
| CNQ | Canadian Natural Resources Ltd | +754,838 | 910,288 | $44,358,334 | |
| P | Everpure, Inc. | +403,728 | 433,265 | $25,579,965 | |
| AKAM | Akamai Technologies Inc | +353,272 | 354,789 | $40,747,516 | |
| SCHW | Schwab Charles Corp | +339,046 | 505,833 | $47,538,185 | |
| VST | Vistra Corp. | +329,041 | 391,296 | $58,823,527 | |
| AVGO | Broadcom Inc. | +315,890 | 1,105,145 | $342,053,428 | |
| CPNG | Coupang, Inc. | +315,361 | 319,574 | $6,033,557 | |
| NEM | NEWMONT Corp /DE/ | +306,509 | 358,969 | $38,858,394 | |
| PDI | PIMCO Dynamic Income Fund | +306,101 | 398,817 | $6,823,758 | |
| MSFT | Microsoft Corp | +231,419 | 2,247,277 | $831,874,527 | |
| NVDA | Nvidia Corp | +199,286 | 5,796,037 | $1,010,828,852 | |
| RDDT | Reddit, Inc. | +194,391 | 205,890 | $27,723,088 | |
| GWRE | Guidewire Software, Inc. | +173,089 | 174,037 | $26,028,973 | |
| BMY | Bristol Myers Squibb Co | +166,559 | 410,156 | $24,875,961 | |
| SPY | Spdr S&P 500 ETF Trust | +160,413 | 6,112,403 | $3,975,140,167 | |
| ORCL | Oracle Corp | +140,584 | 547,651 | $80,564,938 | |
| PTY | Pimco Corporate & Income Opportunity Fund | +129,508 | 2,717,641 | $32,774,750 | |
| AMZN | Amazon Com Inc | +129,308 | 3,642,218 | $758,564,742 | |
| CPAY | Corpay, Inc. | +124,412 | 125,357 | $36,477,633 | |
| BSX | Boston Scientific Corp | +118,493 | 854,345 | $53,610,148 | |
| IBIT | iShares Bitcoin Trust ETF | +111,166 | 371,815 | $14,285,132 | |
| HODL | VanEck Bitcoin ETF | +109,970 | 340,390 | $6,521,872 | |
| NMZ | Nuveen Municipal High Income Opportunity Fund | +100,680 | 340,621 | $3,535,645 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| DKNG | DraftKings Inc. | −1,645,321 | 97,313 | $2,103,907 | |
| TOST | Toast, Inc. | −982,057 | 3,596 | $95,329 | |
| GAP | Gap Inc | −976,655 | 28,033 | $678,398 | |
| TTD | Trade Desk, Inc. | −897,620 | 32,059 | $727,418 | |
| BPRE | Bluerock Private Real Estate Fund | −875,911 | 3,411,824 | $56,670,396 | |
| D | Dominion Energy, Inc | −700,720 | 110,663 | $6,841,186 | |
| KO | Coca Cola Co | −385,316 | 484,194 | $36,822,953 | |
| NOW | ServiceNow, Inc. | −330,002 | 182,746 | $19,106,094 | |
| DECK | Deckers Outdoor Corp | −278,858 | 69,864 | $6,992,687 | |
| SE | Sea Ltd | −204,641 | 28,754 | $2,381,118 | |
| DOV | DOVER Corp | −200,599 | 18,846 | $3,928,448 | |
| ZS | Zscaler, Inc. | −195,205 | 15,579 | $2,185,577 | |
| PHYS | Sprott Physical Gold Trust | −179,845 | 799,576 | $28,336,973 | |
| BX | Blackstone Inc. | −156,850 | 132,177 | $15,199,033 | |
| IAU | Ishares Gold Trust | −146,104 | 6,449,886 | $568,621,949 | |
| LPLA | LPL Financial Holdings Inc. | −119,545 | 14,676 | $4,414,981 | |
| DELL | Dell Technologies Inc. | −116,005 | 351,549 | $57,699,737 | |
| VTRS | Viatris Inc | −113,842 | 47,577 | $642,765 | |
| AES | Aes Corp | −106,043 | 29,186 | $411,230 | |
| LRCX | Lam Research Corp | −104,373 | 610,890 | $130,522,757 | |
| CLOV | Clover Health Investments, Corp. /De | −101,800 | 400 | $704 | |
| VG | Venture Global, Inc. | −98,838 | 3,026 | $47,689 | |
| CRWD | CrowdStrike Holdings, Inc. | −98,400 | 117,891 | $46,025,825 | |
| SLV | iShares Silver Trust | −94,953 | 651,444 | $44,389,394 | |
| GOOGL | Alphabet Inc. | −75,561 | 2,260,545 | $650,042,320 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| AZN | Astrazeneca PLC | 44,163 | $8,709,826 | |
| PNFP | Pinnacle Financial Partners, Inc. | 9,095 | $783,443 | |
| AMCR | Amcor plc | 18,808 | $747,618 | |
| SOTK | Sono Tek Corp | 160,202 | $650,420 | |
| UCB | United Community Banks Inc | 10,199 | $321,166 | |
| ASGI | abrdn Global Infrastructure Income Fund | 6,438 | $143,953 | |
| RYZ | Ryerson Holding Corp | 6,000 | $134,880 | |
| CTOS | Custom Truck One Source, Inc. | 20,000 | $131,400 | |
| TBLA | Taboola.com Ltd. | 42,352 | $131,291 | |
| SNDA | Sonida Senior Living, Inc. | 3,458 | $111,520 | |
| RLTY | Cohen & Steers Real Estate Opportunities & Income Fund | 6,828 | $99,279 | |
| EXEL | Exelixis, Inc. | 2,235 | $95,859 | |
| KLAR | Klarna Group plc | 6,365 | $83,317 | |
| VOYG | Voyager Technologies, Inc./DE | 3,560 | $83,268 | |
| EDF | Virtus Stone Harbor Emerging Markets Income Fund | 17,305 | $82,717 | |
| SNEX | StoneX Group Inc. | 961 | $77,504 | |
| ORC | Orchid Island Capital, Inc. | 10,799 | $75,916 | |
| GLV | Clough Global Dividend & Income Fund | 11,000 | $65,120 | |
| TBLD | Thornburg Income Builder Opportunities Trust | 2,678 | $56,626 | |
| CET | Central Securities Corp | 1,079 | $53,583 | |
| VSNT | Versant Media Group, Inc. | 1,397 | $51,716 | |
| INDB | Independent Bank Corp | 634 | $47,683 | |
| ZETA | Zeta Global Holdings Corp. | 2,800 | $44,576 | |
| SUNB | Sunbelt Rentals Holdings, Inc. | 677 | $44,065 | |
| AMRZ | Amrize Ltd | 715 | $40,054 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| FUBO | FuboTV Inc. | 34,943 | $1,056,676 | |
| AHCO | AdaptHealth Corp. | 73,652 | $733,573 | |
| EXAS | EXACT SCIENCES CORP | 5,436 | $552,080 | |
| BXMX | Nuveen S&P 500 BuyWrite Income Fund | 36,892 | $542,312 | |
| TRST | Trustco Bank Corp N Y | 12,010 | $496,373 | |
| PD | PagerDuty, Inc. | 20,863 | $273,513 | |
| DIAX | Nuveen Dow 30sm Dynamic Overwrite Fund | 15,080 | $230,120 | |
| BL | Blackline, Inc. | 4,151 | $229,508 | |
| MODD | Modular Medical, Inc. | 21,000 | $229,320 | |
| CBC | Central Bancompany, Inc. | 8,700 | $209,844 | |
| GO | Grocery Outlet Holding Corp. | 15,933 | $160,923 | |
| EGY | Vaalco Energy Inc /De/ | 40,362 | $146,917 | |
| WTBA | West Bancorporation Inc | 4,585 | $101,741 | |
| SUN | Sunoco LP | 1,814 | $95,071 | |
| ADT | ADT Inc. | 10,333 | $83,387 | |
| BXSL | Blackstone Secured Lending Fund | 2,672 | $70,353 | |
| LIEN | Chicago Atlantic BDC, Inc. | 6,146 | $63,488 | |
| WIW | Western Asset Inflation-Linked Opportunities & Income Fund | 6,545 | $56,221 | |
| WEYS | Weyco Group Inc | 1,800 | $55,062 | |
| GERN | Geron Corp | 40,000 | $52,800 | |
| RVPH | Reviva Pharmaceuticals Holdings, Inc. | 9,299 | $52,074 | |
| GLXY | Galaxy Digital Inc. | 2,050 | $45,838 | |
| PNNT | Pennantpark Investment Corp | 7,286 | $43,424 | |
| FVRR | Fiverr International Ltd. | 2,186 | $43,195 | |
| AAOI | Applied Optoelectronics, Inc. | 1,200 | $41,832 | |
| No positions match the current search. | ||||
2,598 positions ·
$21,725,162,736 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 2,598 positions by value
· page 1 of 52
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPY |
Spdr S&P 500 ETF Trust
|
Added | 6,112,403 | $3,975,140,167 | 18.30% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Added | 3,182,188 | $1,836,695,269 | 8.45% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 5,796,037 | $1,010,828,852 | 4.65% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 3,673,641 | $932,333,349 | 4.29% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 2,247,277 | $831,874,527 | 3.83% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 3,642,218 | $758,564,742 | 3.49% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 2,260,545 | $650,042,320 | 2.99% | |
| IAU |
Ishares Gold Trust
|
Reduced | 6,449,886 | $568,621,949 | 2.62% | |
| MDY |
Spdr S&P Midcap 400 ETF Trust
|
Added | 864,768 | $533,354,311 | 2.46% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 692,603 | $396,258,954 | 1.82% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 1,105,145 | $342,053,428 | 1.57% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 1,137,453 | $334,593,174 | 1.54% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 242,653 | $223,184,949 | 1.03% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 441,801 | $211,711,039 | 0.97% | |
| GLD |
Spdr Gold Trust
|
Added | 488,169 | $210,054,239 | 0.97% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Added | 573,088 | $193,675,089 | 0.89% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Added | 192,109 | $191,423,170 | 0.88% | |
| V |
Visa Inc.
Financial Services
|
Added | 579,263 | $175,076,449 | 0.81% | |
| AMAT |
Applied Materials Inc /De
Technology
|
Reduced | 454,670 | $155,401,659 | 0.72% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 644,500 | $133,347,050 | 0.61% | |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 610,890 | $130,522,757 | 0.60% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Added | 639,466 | $130,086,568 | 0.60% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 257,276 | $128,550,526 | 0.59% | |
| CAT |
Caterpillar Inc
Industrials
|
Reduced | 176,916 | $125,337,909 | 0.58% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Added | 330,570 | $122,889,397 | 0.57% | |
| XOM |
Exxon Mobil Corp
Energy
|
Added | 708,646 | $120,228,880 | 0.55% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Added | 895,362 | $111,275,589 | 0.51% | |
| DIA |
Spdr Dow Jones Industrial Average ETF Trust
|
Reduced | 234,166 | $108,463,349 | 0.50% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Added | 743,858 | $107,442,849 | 0.49% | |
| RTX |
RTX Corp
Industrials
|
Reduced | 552,870 | $106,648,623 | 0.49% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 318,105 | $104,621,553 | 0.48% | |
| KLAC |
Kla Corp
Technology
|
Reduced | 68,799 | $101,300,335 | 0.47% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 384,114 | $93,892,826 | 0.43% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Added | 551,452 | $88,408,784 | 0.41% | |
| C |
Citigroup Inc
Financial Services
|
Reduced | 748,069 | $84,838,505 | 0.39% | |
| ORCL |
Oracle Corp
Technology
|
Added | 547,651 | $80,564,938 | 0.37% | |
| CRM |
Salesforce, Inc.
Technology
|
Added | 424,880 | $79,312,349 | 0.37% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Added | 477,497 | $78,949,353 | 0.36% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Reduced | 92,888 | $78,582,319 | 0.36% | |
| DE |
Deere & Co
Industrials
|
Added | 136,495 | $76,887,633 | 0.35% | |
| ETN |
Eaton Corp plc
Industrials
|
Added | 210,460 | $75,275,228 | 0.35% | |
| COF |
Capital One Financial Corp
Financial Services
|
Added | 412,605 | $75,271,530 | 0.35% | |
| MRVL |
Marvell Technology, Inc.
Technology
|
Added | 754,801 | $74,763,039 | 0.34% | |
| PH |
Parker-Hannifin Corp
Industrials
|
Added | 81,154 | $72,652,306 | 0.33% | |
| COP |
Conocophillips
Energy
|
Added | 538,317 | $71,057,844 | 0.33% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Added | 261,948 | $70,880,509 | 0.33% | |
| TJX |
Tjx Companies Inc /De/
Consumer Cyclical
|
Added | 440,498 | $70,347,530 | 0.32% | |
| AXP |
American Express Co
Financial Services
|
Added | 230,345 | $69,674,755 | 0.32% | |
| UNP |
Union Pacific Corp
Industrials
|
Added | 275,086 | $66,741,365 | 0.31% | |
| ANET |
Arista Networks, Inc.
Technology
|
Reduced | 541,241 | $66,453,569 | 0.31% |