13F holdings
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO portfolio
Managed by . 4,113 reported positions worth $162.4B as of 2026-03-31, filed with the SEC on 2026-05-07. Parsed from the filing itself, not a reseller.
$162.4B
Book value
4,113
Positions
47%
Top 10 weight
+568
New this quarter
-462
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 37 days old on 2026-05-07, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (568)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| UBND | VICTORY PORTFOLIOS II | $38.3M | 1,760,311 | 0.02% |
| AZN | ASTRAZENECA PLC | $8.7M | 44,163 | 0.01% |
| BEDY | BNY MELLON ETF TRUST II | $4.5M | 163,898 | 0.00% |
| LDRC | ISHARES TR | $3.4M | 133,707 | 0.00% |
| IDEQ | LAZARD ACTIVE ETF TR | $1.4M | 44,551 | 0.00% |
| PNFP | PINNACLE FINL PARTNERS INC | $783,444 | 9,095 | 0.00% |
| AMCR | AMCOR PLC | $747,600 | 18,808 | 0.00% |
| SOTK | SONO TEK CORP | $650,420 | 160,202 | 0.00% |
| OAKM | HARRIS OAKMARK ETF TRUST | $379,212 | 13,757 | 0.00% |
| MISL | FIRST TR EXCHANGE-TRADED FD | $348,693 | 7,799 | 0.00% |
| FIDI | FIDELITY COVINGTON TRUST | $333,358 | 12,076 | 0.00% |
| UCB | UNITED CMNTY BKS BLAIRSVLE G | $321,167 | 10,199 | 0.00% |
| IWMI | NEOS ETF TRUST | $316,869 | 6,685 | 0.00% |
| FJUN | FIRST TR EXCHNG TRADED FD VI | $275,396 | 4,874 | 0.00% |
| VBIL | VANGUARD INSTL INDEX FD | $250,477 | 3,311 | 0.00% |
| MSMR | ETF SER SOLUTIONS | $240,085 | 6,961 | 0.00% |
| VRIG | INVESCO ACTIVELY MANAGED EXC | $205,999 | 8,228 | 0.00% |
| BSCZ | INVESCO EXCH TRD SLF IDX FD | $195,822 | 9,543 | 0.00% |
| WTPI | WISDOMTREE TR | $182,238 | 5,711 | 0.00% |
| GDMN | WISDOMTREE TR | $163,001 | 1,611 | 0.00% |
| BUYW | NORTHERN LTS FD TR IV | $152,360 | 10,821 | 0.00% |
| ASGI | ABRDN GLOBAL INFRA INCOME FU | $143,954 | 6,438 | 0.00% |
| RYZ | RYERSON HLDG CORP | $134,880 | 6,000 | 0.00% |
| CTOS | CUSTOM TRUCK ONE SOURCE INC | $131,400 | 20,000 | 0.00% |
| TBLA | TABOOLA.COM LTD | $131,291 | 42,352 | 0.00% |
Closed out (462)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| CYBR | CYBERARK SOFTWARE LTD | $10.5M | 23,518 | 0.00% |
| AZNN | ASTRAZENECA PLC | $7.9M | 86,207 | 0.00% |
| AQEC | ETF OPPORTUNITIES TRUST | $1.4M | 55,512 | 0.00% |
| AHCO | ADAPTHEALTH CORP | $733,574 | 73,652 | 0.00% |
| PINNACLE FINL PARTNERS I | PINNACLE FINL PARTNERS INC | $703,840 | 7,377 | 0.00% |
| CADE | CADENCE BANK | $697,178 | 16,274 | 0.00% |
| AMCR | AMCOR PLC | $646,368 | 77,502 | 0.00% |
| XMYDX | BLACKROCK MUNIYIELD FD INC | $605,418 | 57,714 | 0.00% |
| EXK | EXACT SCIENCES CORP | $552,029 | 5,436 | 0.00% |
| XBXMX | NUVEEN S&P 500 BUY-WRITE INC | $542,310 | 36,892 | 0.00% |
| TRST | TRUSTCO BK CORP N Y | $496,374 | 12,010 | 0.00% |
| XBKNX | BLACKROCK INVT QUALITY MUN T | $336,325 | 30,029 | 0.00% |
| PD | PAGERDUTY INC | $273,514 | 20,863 | 0.00% |
| XDIAX | NUVEEN DOW 30 DYNMC OVERWRT | $230,116 | 15,080 | 0.00% |
| BL | BLACKLINE INC | $229,509 | 4,151 | 0.00% |
| CMA | COMERICA INC | $226,627 | 2,607 | 0.00% |
| BLE | BLACKROCK MUNI INCOME TR II | $226,128 | 21,660 | 0.00% |
| XBTAX | BLACKROCK LONG-TERM MUN ADVA | $216,400 | 23,319 | 0.00% |
| CBC | CENTRAL BANCOMPANY | $209,844 | 8,700 | 0.00% |
| SYU1 | SYNOVUS FINL CORP | $170,987 | 3,416 | 0.00% |
| GO | GROCERY OUTLET HLDG CORP | $160,923 | 15,933 | 0.00% |
| TELFY | TELEFONICA S A | $156,253 | 38,581 | 0.00% |
| ZEUS | OLYMPIC STEEL INC | $152,400 | 3,562 | 0.00% |
| EGY | VAALCO ENERGY INC | $146,918 | 40,362 | 0.00% |
| DGCB | DIMENSIONAL ETF TRUST | $131,635 | 2,427 | 0.00% |
Added to (1784)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| IVV | ISHARES TR | $22.6B | 34,597,700 | 13.91% | +2% |
| BND | VANGUARD BD INDEX FDS | $9.9B | 134,816,565 | 6.11% | +3% |
| IJH | ISHARES TR | $8.7B | 128,823,592 | 5.36% | +3% |
| SCHF | SCHWAB STRATEGIC TR | $7.5B | 302,286,734 | 4.61% | +2% |
| IJR | ISHARES TR | $5.4B | 43,438,406 | 3.32% | +2% |
| RSP | INVESCO EXCHANGE TRADED FD T | $5.2B | 27,094,873 | 3.20% | +3% |
| FBND | FIDELITY MERRIMACK STR TR | $4.4B | 95,853,856 | 2.69% | +4% |
| VWO | VANGUARD INTL EQUITY INDEX F | $4.3B | 80,160,119 | 2.67% | +2% |
| VEA | VANGUARD TAX-MANAGED FDS | $4.1B | 64,148,091 | 2.53% | +4% |
| SPY | STATE STR SPDR S&P 500 ETF T | $4.0B | 6,112,403 | 2.45% | +3% |
| TLT | ISHARES TR | $3.8B | 44,380,392 | 2.37% | +3% |
| IEFA | ISHARES TR | $3.3B | 36,342,282 | 2.03% | +4% |
| VLUE | ISHARES TR | $3.3B | 23,028,163 | 2.02% | +1% |
| IQLT | ISHARES TR | $2.6B | 56,735,506 | 1.61% | +3% |
| VTEB | VANGUARD MUN BD FDS | $1.9B | 38,571,552 | 1.18% | +5% |
Trimmed (1060)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| WTBA | WEST BANCORPORATION INC | $2 | 0 | 0.00% | -100% |
| WT | WISDOMTREE INC | $88 | 6 | 0.00% | -100% |
| UIS | UNISYS CORP | $41 | 20 | 0.00% | -100% |
| CBZ | CBIZ INC | $1,101 | 41 | 0.00% | -100% |
| TOST | TOAST INC | $95,330 | 3,596 | 0.00% | -100% |
| SMIN | ISHARES TR | $30,041 | 501 | 0.00% | -100% |
| CLOV | CLOVER HEALTH INVESTMENTS CO | $704 | 400 | 0.00% | -100% |
| FCN | FTI CONSULTING INC | $1,061 | 6 | 0.00% | -99% |
| BRX | BRIXMOR PPTY GROUP INC | $662 | 23 | 0.00% | -99% |
| PRKS | UNITED PARKS & RESORTS INC | $11,399 | 349 | 0.00% | -99% |
| RITM | RITHM CAPITAL CORP | $948 | 100 | 0.00% | -99% |
| SPB | SPECTRUM BRANDS HOLDINGS INC | $589 | 8 | 0.00% | -98% |
| TILE | INTERFACE INC | $5,532 | 222 | 0.00% | -98% |
| LAR | LITHIUM ARGENTINA AG | $5,658 | 847 | 0.00% | -98% |
| PAI | WESTERN ASSET INVESTMENT GRA | $1,693 | 140 | 0.00% | -98% |
The book
Largest 150 of 4,113 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| IVV | ISHARES TR | $22.6B | 34,597,700 | 13.91% | — |
| BND | VANGUARD BD INDEX FDS | $9.9B | 134,816,565 | 6.11% | — |
| IJH | ISHARES TR | $8.7B | 128,823,592 | 5.36% | — |
| SCHF | SCHWAB STRATEGIC TR | $7.5B | 302,286,734 | 4.61% | — |
| IJR | ISHARES TR | $5.4B | 43,438,406 | 3.32% | — |
| RSP | INVESCO EXCHANGE TRADED FD T | $5.2B | 27,094,873 | 3.20% | — |
| FBND | FIDELITY MERRIMACK STR TR | $4.4B | 95,853,856 | 2.69% | — |
| VWO | VANGUARD INTL EQUITY INDEX F | $4.3B | 80,160,119 | 2.67% | — |
| VEA | VANGUARD TAX-MANAGED FDS | $4.1B | 64,148,091 | 2.53% | — |
| SPY | STATE STR SPDR S&P 500 ETF T | $4.0B | 6,112,403 | 2.45% | — |
| TLT | ISHARES TR | $3.8B | 44,380,392 | 2.37% | — |
| IEFA | ISHARES TR | $3.3B | 36,342,282 | 2.03% | — |
| VLUE | ISHARES TR | $3.3B | 23,028,163 | 2.02% | — |
| IQLT | ISHARES TR | $2.6B | 56,735,506 | 1.61% | — |
| VTEB | VANGUARD MUN BD FDS | $1.9B | 38,571,552 | 1.18% | — |
| QQQ | INVESCO QQQ TR | $1.8B | 3,182,188 | 1.13% | — |
| VO | VANGUARD INDEX FDS | $1.8B | 6,309,032 | 1.12% | — |
| VOO | VANGUARD INDEX FDS | $1.7B | 2,887,575 | 1.06% | — |
| DFIV | DIMENSIONAL ETF TRUST | $1.6B | 31,175,901 | 1.01% | — |
| IUSB | ISHARES TR | $1.4B | 30,338,047 | 0.86% | — |
| IEMG | ISHARES INC | $1.4B | 19,440,275 | 0.83% | — |
| AGG | ISHARES TR | $1.3B | 12,962,808 | 0.79% | — |
| VNQ | VANGUARD INDEX FDS | $1.1B | 12,831,491 | 0.70% | — |
| NVDA | NVIDIA CORPORATION | $1.0B | 5,796,037 | 0.62% | — |
| MUB | ISHARES TR | $945.1M | 8,903,359 | 0.58% | — |
| AAPL | APPLE INC | $932.3M | 3,673,641 | 0.57% | — |
| BIV | VANGUARD BD INDEX FDS | $931.6M | 12,069,986 | 0.57% | — |
| SCHX | SCHWAB STRATEGIC TR | $892.5M | 34,809,568 | 0.55% | — |
| VTV | VANGUARD INDEX FDS | $890.8M | 4,540,035 | 0.55% | — |
| GSLC | GOLDMAN SACHS ETF TR | $886.6M | 7,085,798 | 0.55% | — |
| QQQM | INVESCO EXCH TRADED FD TR II | $878.0M | 3,694,937 | 0.54% | — |
| VV | VANGUARD INDEX FDS | $849.2M | 2,841,612 | 0.52% | — |
| CGDV | CAPITAL GROUP DIVIDEND VALUE | $842.6M | 19,806,076 | 0.52% | — |
| MSFT | MICROSOFT CORP | $831.9M | 2,247,277 | 0.51% | — |
| INTF | ISHARES TR | $787.8M | 20,220,438 | 0.49% | — |
| VUG | VANGUARD INDEX FDS | $775.7M | 1,775,949 | 0.48% | — |
| DYNF | BLACKROCK ETF TRUST | $770.8M | 13,249,358 | 0.47% | — |
| AMZN | AMAZON COM INC | $758.6M | 3,642,218 | 0.47% | — |
| VB | VANGUARD INDEX FDS | $736.8M | 2,812,991 | 0.45% | — |
| IVLU | ISHARES TR | $721.6M | 18,186,706 | 0.44% | — |
| GOOGL | ALPHABET INC | $650.0M | 2,260,545 | 0.40% | — |
| IAU | ISHARES GOLD TR | $568.6M | 6,449,886 | 0.35% | — |
| MDY | STATE STR SPDR S&P MIDCAP 40 | $533.4M | 864,768 | 0.33% | — |
| CGGR | CAPITAL GROUP GROWTH ETF | $520.3M | 12,947,006 | 0.32% | — |
| IWB | ISHARES TR | $492.1M | 1,380,105 | 0.30% | — |
| COWZ | PACER FDS TR | $478.2M | 7,643,470 | 0.29% | — |
| IEF | ISHARES TR | $463.0M | 4,850,856 | 0.29% | — |
| VGT | VANGUARD WORLD FD | $435.7M | 624,524 | 0.27% | — |
| FENI | FIDELITY COVINGTON TRUST | $432.5M | 11,625,396 | 0.27% | — |
| SCHD | SCHWAB STRATEGIC TR | $421.4M | 13,734,714 | 0.26% | — |
| SPYM | SPDR SERIES TRUST | $411.1M | 5,371,307 | 0.25% | — |
| EMXC | ISHARES INC | $404.5M | 5,142,002 | 0.25% | — |
| AVEM | AMERICAN CENTY ETF TR | $399.5M | 4,957,349 | 0.25% | — |
| FMDE | FIDELITY COVINGTON TRUST | $396.8M | 11,035,544 | 0.24% | — |
| META | META PLATFORMS INC | $396.3M | 692,603 | 0.24% | — |
| DBEF | DBX ETF TR | $374.1M | 7,572,286 | 0.23% | — |
| QUAL | ISHARES TR | $364.6M | 1,900,969 | 0.22% | — |
| CGGO | CAPITAL GROUP GBL GROWTH EQT | $362.4M | 10,859,399 | 0.22% | — |
| SCHM | SCHWAB STRATEGIC TR | $360.3M | 11,638,443 | 0.22% | — |
| AVGO | BROADCOM INC | $342.1M | 1,105,145 | 0.21% | — |
| VIG | VANGUARD SPECIALIZED FUNDS | $341.4M | 1,587,592 | 0.21% | — |
| IOO | ISHARES TR | $338.9M | 2,801,588 | 0.21% | — |
| JPM | JPMORGAN CHASE & CO | $334.6M | 1,137,453 | 0.21% | — |
| GOOG | ALPHABET INC | $323.3M | 1,127,155 | 0.20% | — |
| VT | VANGUARD INTL EQUITY INDEX F | $319.8M | 2,312,323 | 0.20% | — |
| AVDE | AMERICAN CENTY ETF TR | $300.3M | 3,540,028 | 0.18% | — |
| FNDF | SCHWAB STRATEGIC TR | $299.5M | 6,120,157 | 0.18% | — |
| VFLO | VICTORY PORTFOLIOS II | $299.0M | 7,573,083 | 0.18% | — |
| SCHG | SCHWAB STRATEGIC TR | $295.6M | 10,146,702 | 0.18% | — |
| IWF | ISHARES TR | $284.1M | 666,275 | 0.17% | — |
| AVUV | AMERICAN CENTY ETF TR | $264.3M | 2,392,956 | 0.16% | — |
| VTI | VANGUARD INDEX FDS | $262.2M | 817,443 | 0.16% | — |
| EZU | ISHARES INC | $257.9M | 4,117,656 | 0.16% | — |
| PVAL | PUTNAM ETF TRUST | $254.8M | 5,490,994 | 0.16% | — |
| TFI | SPDR SERIES TRUST | $252.7M | 5,573,362 | 0.16% | — |
| EFA | ISHARES TR | $238.6M | 2,456,329 | 0.15% | — |
| JMUB | J P MORGAN EXCHANGE TRADED F | $238.4M | 4,769,633 | 0.15% | — |
| CGMU | CAPITAL GRP FIXED INCM ETF T | $237.9M | 8,763,507 | 0.15% | — |
| CGXU | CAPITAL GROUP INTL FOCUS EQT | $228.2M | 7,739,122 | 0.14% | — |
| VOT | VANGUARD INDEX FDS | $224.4M | 871,783 | 0.14% | — |
| LLY | ELI LILLY & CO | $223.2M | 242,653 | 0.14% | — |
| RDVY | FIRST TR EXCHANGE TRADED FD | $212.5M | 3,112,676 | 0.13% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $211.7M | 441,801 | 0.13% | — |
| GLD | SPDR GOLD TR | $210.1M | 488,169 | 0.13% | — |
| SMH | VANECK ETF TRUST | $205.2M | 535,281 | 0.13% | — |
| JMST | J P MORGAN EXCHANGE TRADED F | $197.6M | 3,875,844 | 0.12% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $193.7M | 573,088 | 0.12% | — |
| VCSH | VANGUARD SCOTTSDALE FDS | $193.6M | 2,442,893 | 0.12% | — |
| AVLV | AMERICAN CENTY ETF TR | $193.6M | 2,401,298 | 0.12% | — |
| VOE | VANGUARD INDEX FDS | $192.7M | 1,045,730 | 0.12% | — |
| COST | COSTCO WHOLESALE CORPORATION | $191.4M | 192,109 | 0.12% | — |
| IVW | ISHARES TR | $187.0M | 1,653,492 | 0.12% | — |
| ITM | VANECK ETF TRUST | $182.6M | 3,931,943 | 0.11% | — |
| IWP | ISHARES TR | $181.4M | 1,415,556 | 0.11% | — |
| LVHI | LEGG MASON ETF INVT | $177.0M | 4,365,409 | 0.11% | — |
| V | VISA INC | $175.1M | 579,263 | 0.11% | — |
| DGRO | ISHARES TR | $174.9M | 2,492,043 | 0.11% | — |
| SPMO | INVESCO EXCH TRADED FD TR II | $173.4M | 1,546,683 | 0.11% | — |
| CGUS | CAPITAL GROUP CORE EQUITY ET | $173.4M | 4,513,180 | 0.11% | — |
| JPST | J P MORGAN EXCHANGE TRADED F | $172.2M | 3,402,461 | 0.11% | — |
| IDMO | INVESCO EXCH TRADED FD TR II | $171.9M | 3,134,630 | 0.11% | — |
| XMMO | INVESCO EXCHANGE TRADED FD T | $169.0M | 1,165,549 | 0.10% | — |
| SCHA | SCHWAB STRATEGIC TR | $168.8M | 5,804,013 | 0.10% | — |
| SUB | ISHARES TR | $164.3M | 1,542,535 | 0.10% | — |
| SCHH | SCHWAB STRATEGIC TR | $162.7M | 7,570,352 | 0.10% | — |
| REET | ISHARES TR | $162.4M | 6,458,143 | 0.10% | — |
| SPEM | SPDR INDEX SHS FDS | $162.3M | 3,459,492 | 0.10% | — |
| IWM | ISHARES TR | $158.8M | 640,121 | 0.10% | — |
| SPHQ | INVESCO EXCHANGE TRADED FD T | $157.3M | 2,091,421 | 0.10% | — |
| AMAT | APPLIED MATLS INC | $155.4M | 454,670 | 0.10% | — |
| ESGU | ISHARES TR | $151.8M | 1,073,357 | 0.09% | — |
| JEPI | J P MORGAN EXCHANGE TRADED F | $149.6M | 2,639,710 | 0.09% | — |
| HEFA | ISHARES TR | $146.8M | 3,454,761 | 0.09% | — |
| SHM | SPDR SERIES TRUST | $146.4M | 3,061,552 | 0.09% | — |
| JCPB | J P MORGAN EXCHANGE TRADED F | $144.7M | 3,072,664 | 0.09% | — |
| CGCP | CAPITAL GRP FIXED INCM ETF T | $143.6M | 6,426,218 | 0.09% | — |
| FESM | FIDELITY COVINGTON TRUST | $142.5M | 3,749,748 | 0.09% | — |
| VPU | VANGUARD WORLD FD | $141.3M | 713,108 | 0.09% | — |
| CGCB | CAPITAL GRP FIXED INCM ETF T | $141.1M | 5,374,335 | 0.09% | — |
| USMV | ISHARES TR | $141.1M | 1,521,231 | 0.09% | — |
| SPYG | SPDR SERIES TRUST | $136.0M | 1,389,460 | 0.08% | — |
| ICF | ISHARES TR | $134.7M | 2,175,756 | 0.08% | — |
| CVX | CHEVRON CORPORATION | $133.3M | 644,500 | 0.08% | — |
| EFV | ISHARES TR | $132.3M | 1,779,015 | 0.08% | — |
| LRCX | LAM RESEARCH CORP | $130.5M | 610,890 | 0.08% | — |
| AMD | ADVANCED MICRO DEVICES INC | $130.1M | 639,466 | 0.08% | — |
| MA | MASTERCARD INCORPORATED | $128.6M | 257,276 | 0.08% | — |
| IJT | ISHARES TR | $127.4M | 880,071 | 0.08% | — |
| BSV | VANGUARD BD INDEX FDS | $125.9M | 1,605,463 | 0.08% | — |
| JHMM | JOHN HANCOCK EXCHANGE TRADED | $125.7M | 1,873,043 | 0.08% | — |
| CAT | CATERPILLAR INC | $125.3M | 176,916 | 0.08% | — |
| XMHQ | INVESCO EXCHANGE TRADED FD T | $124.3M | 1,202,202 | 0.08% | — |
| TSLA | TESLA INC | $122.9M | 330,570 | 0.08% | — |
| SHY | ISHARES TR | $122.3M | 1,481,506 | 0.08% | — |
| SPYV | SPDR SERIES TRUST | $122.1M | 2,157,934 | 0.08% | — |
| SPDW | SPDR INDEX SHS FDS | $121.7M | 2,666,364 | 0.07% | — |
| EXMOC | EXXON MOBIL CORP | $120.2M | 708,646 | 0.07% | — |
| ESGD | ISHARES TR | $118.1M | 1,234,641 | 0.07% | — |
| SGOV | ISHARES TR | $116.8M | 1,160,176 | 0.07% | — |
| IWR | ISHARES TR | $116.5M | 1,197,713 | 0.07% | — |
| ITA | ISHARES TR | $116.4M | 531,976 | 0.07% | — |
| SPMD | SPDR SERIES TRUST | $115.4M | 1,948,480 | 0.07% | — |
| IJK | ISHARES TR | $111.7M | 1,110,021 | 0.07% | — |
| WMT | WALMART INC | $111.3M | 895,362 | 0.07% | — |
| SCHE | SCHWAB STRATEGIC TR | $111.1M | 3,371,879 | 0.07% | — |
| GCOW | PACER FDS TR | $110.9M | 2,397,938 | 0.07% | — |
| THRO | BLACKROCK ETF TRUST | $109.2M | 3,015,285 | 0.07% | — |
| EAGG | ISHARES TR | $109.2M | 2,296,552 | 0.07% | — |
| EFAV | ISHARES TR | $109.2M | 1,195,141 | 0.07% | — |
| BIL | SPDR SERIES TRUST | $108.5M | 1,183,912 | 0.07% | — |
This table is the 150 largest positions by value, out of 4,113 reported. The search box only searches what is on this page — a name absent from it may still be in the filing further down the book. The full info table is here.
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO (CIK 1141802, accession 0001085146-26-000398). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test
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