# NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1629649. Source: https://holderbook.com/funds/1629649-northwestern-mutual-investment-management-company-llc/

- Reported value: $8.5B
- Positions: 880
- Weight of the ten largest: 65.5%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.1B | 10,419,892 | 12.7% | 28 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.1B | 1,405,896 | 12.3% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $743.7M | 5,014,613 | 8.7% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $656.8M | 8,517,640 | 7.7% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $529.3M | 770,657 | 6.2% | 29 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $497.3M | 4,559,454 | 5.8% | 9 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $320.1M | 8,646,000 | 3.8% | 5 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $299.9M | 3,750,000 | 3.5% | 3 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $251.8M | 2,913,600 | 3.0% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $155.4M | 776,551 | 1.8% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $149.0M | 1,980,590 | 1.7% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $136.3M | 470,900 | 1.6% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $88.8M | 238,168 | 1.0% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $74.8M | 313,851 | 0.9% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $67.2M | 187,999 | 0.8% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $57.3M | 151,801 | 0.7% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $53.5M | 151,537 | 0.6% | 31 |
| SPDR SERIES TRUST | [JNK](https://holderbook.com/stocks/JNK/) | $50.1M | 520,000 | 0.6% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $41.7M | 36,157 | 0.5% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $40.7M | 411,464 | 0.5% | 24 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $39.7M | 70,408 | 0.5% | 31 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $39.6M | 392,414 | 0.5% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $38.0M | 90,265 | 0.4% | 23 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $30.4M | 25,362 | 0.4% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $30.4M | 52,280 | 0.4% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $29.4M | 58,780 | 0.3% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $28.1M | 85,910 | 0.3% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $21.2M | 151,473 | 0.2% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $19.6M | 77,179 | 0.2% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $18.4M | 25,445 | 0.2% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $18.3M | 53,213 | 0.2% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $18.2M | 132,895 | 0.2% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $17.4M | 40,096 | 0.2% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $15.9M | 140,559 | 0.2% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $15.7M | 14,768 | 0.2% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $14.9M | 126,640 | 0.2% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $14.3M | 56,647 | 0.2% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $13.3M | 14,224 | 0.2% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $13.3M | 25,871 | 0.2% | 31 |
| ISHARES TR | [IGLB](https://holderbook.com/stocks/IGLB/) | $12.9M | 258,000 | 0.2% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $12.6M | 41,881 | 0.1% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $12.5M | 33,452 | 0.1% | 20 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $12.1M | 29,117 | 0.1% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $11.9M | 209,326 | 0.1% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $11.3M | 31,935 | 0.1% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $10.9M | 74,658 | 0.1% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $10.8M | 4,747 | 0.1% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $10.2M | 79,187 | 0.1% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $10.1M | 8,615 | 0.1% | 9 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $10.1M | 124,151 | 0.1% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $9.9M | 60,023 | 0.1% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $9.6M | 135,005 | 0.1% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $9.6M | 9,458 | 0.1% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $8.9M | 26,002 | 0.1% | 13 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $8.7M | 29,180 | 0.1% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $8.6M | 73,616 | 0.1% | 8 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $8.5M | 30,135 | 0.1% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $8.4M | 28,071 | 0.1% | 1 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $8.2M | 43,177 | 0.1% | 25 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $8.1M | 98,116 | 0.1% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $8.0M | 38,433 | 0.1% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $8.0M | 54,405 | 0.1% | 31 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $7.7M | 36,895 | 0.1% | 27 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $7.7M | 54,684 | 0.1% | 31 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $7.1M | 11,051 | 0.1% | 31 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $7.0M | 34,141 | 0.1% | 4 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $7.0M | 39,443 | 0.1% | 31 |
| CARPENTER TECHNOLOGY CORP | [CRS](https://holderbook.com/stocks/CRS/) | $6.9M | 11,177 | 0.1% | 7 |
| MKS INC. | [MKSI](https://holderbook.com/stocks/MKSI/) | $6.8M | 15,195 | 0.1% | 31 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $6.4M | 25,110 | 0.1% | 31 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $6.3M | 8,310 | 0.1% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $6.3M | 17,305 | 0.1% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $6.2M | 33,793 | 0.1% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $6.2M | 8,160 | 0.1% | 9 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $6.2M | 15,652 | 0.1% | 31 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $6.2M | 34,305 | 0.1% | 6 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $6.2M | 22,780 | 0.1% | 31 |
| ATI INC | [ATI](https://holderbook.com/stocks/ATI/) | $6.1M | 30,698 | 0.1% | 6 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $6.0M | 34,035 | 0.1% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $6.0M | 11,915 | 0.1% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $5.9M | 43,821 | 0.1% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $5.9M | 66,860 | 0.1% | 31 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $5.8M | 6,903 | 0.1% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $5.8M | 17,064 | 0.1% | 31 |
| MASTEC INC | [MTZ](https://holderbook.com/stocks/MTZ/) | $5.8M | 13,861 | 0.1% | 31 |
| WOODWARD INC | [WWD](https://holderbook.com/stocks/WWD/) | $5.7M | 13,402 | 0.1% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $5.7M | 133,876 | 0.1% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $5.6M | 33,106 | 0.1% | 7 |
| MACOM TECH SOLUTIONS HLDGS I | [MTSI](https://holderbook.com/stocks/MTSI/) | $5.6M | 14,760 | 0.1% | 16 |
| EVERPURE INC | [P](https://holderbook.com/stocks/P/) | $5.6M | 70,980 | 0.1% | 10 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $5.5M | 25,274 | 0.1% | 31 |
| XPO INC | [XPO](https://holderbook.com/stocks/XPO/) | $5.4M | 26,412 | 0.1% | 30 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $5.4M | 35,454 | 0.1% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $5.4M | 55,676 | 0.1% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $5.2M | 19,035 | 0.1% | 31 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $5.2M | 9,548 | 0.1% | 31 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $5.1M | 37,714 | 0.1% | 5 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $5.1M | 22,633 | 0.1% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $5.1M | 8,054 | 0.1% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $5.1M | 55,846 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.3% | +14.8% | -2.6% | 100% |
| Q1 2026 | -1.3% | -4.6% | +3.4% | 100% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 100% |
| Q2 2025 | +8.2% | +10.5% | -2.3% | 100% |
| Q1 2025 | -3.0% | -4.6% | +1.5% | 100% |
| Q4 2024 | -0.5% | +2.1% | -2.6% | 100% |
| Q3 2024 | +6.3% | +5.4% | +0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $8.5B | 880 |
| Q1 2026 | $6.6B | 874 |
| Q4 2025 | $8.6B | 877 |
| Q3 2025 | $6.9B | 877 |
| Q2 2025 | $6.5B | 879 |
| Q1 2025 | $6.3B | 877 |
| Q4 2024 | $4.5B | 875 |
| Q3 2024 | $4.3B | 874 |
| Q2 2024 | $3.9B | 876 |
| Q1 2024 | $3.8B | 877 |
| Q4 2023 | $3.8B | 881 |
| Q3 2023 | $3.7B | 880 |