NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

CIK 0001141802 · Q1 2026

13F Equity AUM

$162.4B

+1.0% QoQ

Positions

2,260

-138 QoQ

AUM Rank

#103

Top 0.8%

Skill Alpha (FF)

-1.3%/yr^ns

No Clear Edge

Rank #4,170 · Top 51%

vs S&P -6.5%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 33.3%Top 10: 46.9%Top 20: 61.3%

IVV13.9%

BND6.1%

IJH5.4%

SCHF4.6%

IJR3.3%

RSP3.2%

FBND2.7%

VWO2.7%

VEA2.5%

SPY2.5%

Others (2250)53.1%

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

Sector Allocation

Financial Services91.7%

Technology3.2%

Other5.1%

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

Position Sizing

Positions: 2260Median: 0.00%Avg: 0.04%

0–0.5%

2226(30.3%)

0.5–1%

15(9.3%)

1–3%

13(23.9%)

3–5%

3(11.1%)

5%+

3(25.4%)

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

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Portfolio Overlap

Shared: 2,186Unique: 74vs 20 funds

29.6%Moderate

2,260

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)

BANK OF AMERICA CORP /DE/

42.5%

38.4%

34.1%

37.2%

26.6%

22.8%

VANGUARD CAPITAL MANAGEMENT LLC

21.4%

GEODE CAPITAL MANAGEMENT, LLC

21%

VANGUARD PORTFOLIO MANAGEMENT LLC

22.5%

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

New494Increased1942Decreased1219Exited706

New Positions

UBND0.0%

+1.8M

AZN0.0%

+44K

DHY0.0%

+527

UTI0.0%

+205

NUEM0.0%

+110

XXII0.0%

CNM0.0%

+29

ZECP0.0%

+177

QTRX0.0%

+13

KALU0.0%

+34

Increased

SCHF4.6%

+4.5M(+2%)

IJH5.4%

+4.0M(+3%)

BND6.1%

+3.9M(+3%)

SCHX0.6%

+3.8M(+12%)

FBND2.7%

+3.4M(+4%)

BAI0.1%

+2.8M(+97735%)

ABEV0.0%

+2.7M(+3258%)

VEA2.5%

+2.3M(+4%)

DYNF0.5%

+2.1M(+18%)

VWO2.7%

+1.9M(+2%)

Decreased

FBK0.0%

-3,127,558(-100%)

DKNG0.0%

-1,645,321(-94%)

FTCB0.0%

-1,387,381(-100%)

IDGT0.0%

-1,243,084(-100%)

HCC0.0%

-987,480(-100%)

TOST0.0%

-982,057(-100%)

GAP0.0%

-976,655(-97%)

TTD0.0%

-897,620(-97%)

BPRE0.0%

-875,911(-20%)

XLG0.0%

-861,447(-70%)

Exited

-3,274,925

-3,921,794

-4,724,569

-1,376,271

-691,653

-1,093,189

-49,755

-1,070,212

-116,690

-558,872

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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