Northwestern Mutual Investment Management Company, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Northwestern Mutual Investment Management Company, LLC reported 874 stock positions worth $4.3 billion. Its top holding was iShares MSCI Eafe ETF (EFA) at 12.9% of the portfolio, followed by iShares Core S&P Small-Cap E (IJR, 10.3%) and iShares Core S&P 500 ETF (IVV, 9.9%). Compared with Q2 2024, it opened 10 new positions, sold out of 13, added to 148 and reduced 716. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +249%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001629649
- Portfolio Value
- $4.3B (Q3 2024)
- SEC Filing
- 0001085146-24-005571 ↗ filed Nov 13, 2024
Holdings Value
Holdings 874 stocks · $4.3B
| EFA iShares MSCI Eafe ETF | 12.88% | 6,603,381 | $552.2M | Add +37.4% |
| IJR iShares Core S&P Small-Cap E | 10.33% | 3,786,018 | $442.8M | Add +0.7% |
| IVV iShares Core S&P 500 ETF | 9.91% | 736,800 | $425.0M | Add +249.0% |
| IJH iShares Core S&P Midcap ETF | 7.66% | 5,265,861 | $328.2M | Add +7.3% |
| VOO Vanguard S&P 500 ETF | 7.17% | 582,606 | $307.4M | Reduce -35.9% |
| AAPL Apple Inc. | 2.62% | 481,876 | $112.3M | Add +5.0% |
| MSFT Microsoft Corp. | 2.36% | 235,581 | $101.4M | Reduce -0.4% |
| NVDA Nvidia Corp. | 2.21% | 779,666 | $94.7M | Reduce -0.4% |
| IEFA iShares Core MSCI Eafe ETF | 1.30% | 711,338 | $55.5M | Reduce -66.7% |
| AMZN Amazon.com Inc. | 1.29% | 296,054 | $55.2M | Add +1.6% |
| META Meta Platforms Inc. Class A | 0.92% | 69,242 | $39.6M | Reduce -0.7% |
| AGG iShares Core U.S. Aggregate | 0.77% | 325,363 | $32.9M | Reduce -2.9% |
| GOOGL Alphabet Inc. Class A | 0.72% | 185,693 | $30.8M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.62% | 58,055 | $26.7M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 0.59% | 152,229 | $25.5M | Reduce -2.1% |
| AVGO Broadcom Inc. | 0.59% | 147,530 | $25.4M | Add +6.4% |
| TSLA Tesla Inc. | 0.54% | 87,938 | $23.0M | Reduce -0.4% |
| LLY Eli Lilly & Co. | 0.52% | 25,002 | $22.2M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 0.44% | 90,173 | $19.0M | Reduce -1.3% |
| UNH Unitedhealth Group Inc. | 0.40% | 29,267 | $17.1M | Reduce -0.1% |
| XOM Exxon Mobil Corp. | 0.39% | 140,810 | $16.5M | Reduce -1.4% |
| V Visa Inc. Class A | 0.34% | 52,943 | $14.6M | Add +5.7% |
| PG The Procter & Gamble Co. | 0.30% | 74,608 | $12.9M | Reduce -0.7% |
| MA Mastercard Inc. Class A | 0.30% | 26,149 | $12.9M | Add +0.1% |
| HD Home Depot Inc. | 0.30% | 31,428 | $12.7M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.29% | 14,050 | $12.5M | Reduce -0.5% |
| JNJ Johnson & Johnson | 0.29% | 76,294 | $12.4M | Reduce -0.4% |
| WMT Walmart Inc. | 0.26% | 137,662 | $11.1M | Add +1.3% |
| ABBV Abbvie Inc. | 0.26% | 55,983 | $11.1M | Reduce -0.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.23% | 86,500 | $9.8M | Reduce -71.5% |
| NFLX Netflix Inc. | 0.23% | 13,602 | $9.6M | Reduce -0.8% |
| MRK Merck & Co. Inc. | 0.21% | 80,337 | $9.1M | Reduce -0.3% |
| KO The Coca-Cola Co. | 0.21% | 122,937 | $8.8M | Reduce -0.4% |
| ORCL Oracle Corp. | 0.20% | 50,659 | $8.6M | Reduce -0.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 213,960 | $8.5M | Reduce -1.2% |
| AMD Advanced Micro Devices | 0.20% | 51,296 | $8.4M | Reduce -0.3% |
| CRM Salesforce Inc. | 0.20% | 30,712 | $8.4M | Reduce -0.6% |
| CVX Chevron Corp. | 0.19% | 53,908 | $7.9M | Reduce -1.2% |
| TMO Thermo Fisher Scientific Inc. | 0.17% | 12,107 | $7.5M | Reduce -0.3% |
| PEP Pepsico Inc. | 0.17% | 43,534 | $7.4M | Reduce -0.5% |
| ADBE Adobe Inc. | 0.17% | 14,054 | $7.3M | Reduce -1.4% |
| MCD McDonald's Corp. | 0.16% | 22,734 | $6.9M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 0.16% | 127,688 | $6.8M | Reduce -0.9% |
| CDNS Cadence Design SYS Inc. | 0.15% | 24,443 | $6.6M | Add +0.1% |
| GE General Electric filed as GE AEROSPACE | 0.15% | 34,366 | $6.5M | Reduce -1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 29,195 | $6.5M | Reduce -0.1% |
| ABT Abbott Laboratories | 0.15% | 55,144 | $6.3M | Reduce -0.4% |
| WFC Wells Fargo & Co. | 0.14% | 107,877 | $6.1M | Reduce -2.8% |
| CAT Caterpillar Inc. | 0.14% | 15,368 | $6.0M | Reduce -1.3% |
| QCOM Qualcomm Inc. | 0.14% | 35,307 | $6.0M | Reduce -0.8% |
| VZ Verizon Communications Inc. | 0.14% | 133,416 | $6.0M | Reduce -0.4% |
| TXN Texas Instruments Inc. | 0.14% | 28,937 | $6.0M | Reduce -0.1% |
| NOW ServiceNow Inc. | 0.14% | 6,529 | $5.8M | Add +0.1% |
| ADI Analog Devices Inc. | 0.13% | 24,876 | $5.7M | Reduce -13.0% |
| DHR Danaher Corp. | 0.13% | 20,372 | $5.7M | Reduce -2.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.13% | 57,479 | $5.5M | Reduce -0.9% |
| ISRG Intuitive Surgical Inc. | 0.13% | 11,241 | $5.5M | Reduce -0.4% |
| NEE Nextera Energy Inc. | 0.13% | 65,116 | $5.5M | Reduce -0.4% |
| INTU Intuit Inc. | 0.13% | 8,859 | $5.5M | Reduce -0.6% |
| AMGN Amgen Inc. | 0.13% | 17,030 | $5.5M | Reduce -0.3% |
| FNV Franco-Nevada Corp. | 0.13% | 43,191 | $5.4M | Add +1.1% |
| AMAT Applied Materials Inc. | 0.12% | 26,242 | $5.3M | Reduce -0.8% |
| SPGI S&P Global Inc. | 0.12% | 10,148 | $5.2M | Reduce -0.4% |
| PFE Pfizer Inc. | 0.12% | 179,599 | $5.2M | Reduce -0.4% |
| CMCSA Comcast Corp. Class A | 0.12% | 122,435 | $5.1M | Reduce -1.7% |
| RTX RTX Corp. | 0.12% | 42,161 | $5.1M | Reduce -0.3% |
| UBER Uber Technologies Inc. | 0.12% | 66,586 | $5.0M | Add +0.1% |
| T AT&T Inc. | 0.12% | 227,252 | $5.0M | Reduce -0.4% |
| GS Goldman Sachs Group Inc. | 0.12% | 10,009 | $5.0M | Reduce -2.5% |
| LOW Lowe's Cos Inc. | 0.11% | 18,060 | $4.9M | Reduce -0.8% |
| AXP American Express Co. | 0.11% | 17,800 | $4.8M | Reduce -1.6% |
| UNP Union Pacific Corp. | 0.11% | 19,308 | $4.8M | Reduce -0.6% |
| PGR Progressive Corp. | 0.11% | 18,562 | $4.7M | Reduce -0.4% |
| ILMN Illumina Inc. | 0.11% | 35,342 | $4.6M | Reduce -0.6% |
| CSL Carlisle Cos Inc. | 0.11% | 10,232 | $4.6M | Reduce -3.4% |
| BKNG Booking Holdings Inc. | 0.10% | 1,063 | $4.5M | Reduce -1.6% |
| EME Emcor Group Inc. | 0.10% | 10,351 | $4.5M | Reduce -1.3% |
| WSM Williams-Sonoma Inc. | 0.10% | 28,535 | $4.4M | Reduce -0.5% |
| LII Lennox International Inc. | 0.10% | 7,116 | $4.3M | Reduce -0.6% |
| HON Honeywell International Inc. | 0.10% | 20,639 | $4.3M | Reduce -0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.10% | 35,819 | $4.2M | Reduce -0.6% |
| BLK BlackRock Finance Inc. | 0.10% | 4,413 | $4.2M | Reduce -0.7% |
| MS Morgan Stanley | 0.10% | 39,482 | $4.1M | Reduce -0.9% |
| A Agilent Technologies Inc. | 0.10% | 27,559 | $4.1M | Add +5.4% |
| LMT Lockheed Martin Corp. | 0.09% | 6,724 | $3.9M | Reduce -1.0% |
| SYK Stryker Corp. | 0.09% | 10,867 | $3.9M | Add +0.7% |
| BSX Boston Scientific Corp. | 0.09% | 46,674 | $3.9M | Reduce -0.2% |
| AVTR Avantor Inc. | 0.09% | 150,829 | $3.9M | New |
| COP Conocophillips | 0.09% | 36,805 | $3.9M | Reduce -1.1% |
| MANH Manhattan Associates Inc. | 0.09% | 13,588 | $3.8M | Reduce -1.1% |
| ELV Elevance Health Inc. | 0.09% | 7,350 | $3.8M | Reduce -0.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.09% | 8,181 | $3.8M | Reduce -0.4% |
| WSO Watsco Inc. | 0.09% | 7,718 | $3.8M | Add +8.0% |
| C Citigroup Inc. | 0.09% | 60,464 | $3.8M | Reduce -0.4% |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 0.09% | 45,697 | $3.8M | Add +83.8% |
| PLD Prologis Inc. | 0.09% | 29,345 | $3.7M | Reduce -0.4% |
| TPL Texas Pacific Land Corp. | 0.09% | 4,180 | $3.7M | Add +0.6% |
| BURL Burlington Stores Inc. | 0.09% | 14,005 | $3.7M | Reduce -1.8% |
| MU Micron Technology Inc. | 0.09% | 35,144 | $3.6M | Reduce -0.3% |
| FNF Fidelity National Financial | 0.08% | 57,637 | $3.6M | Reduce -0.5% |
Portfolio Sells Q2 2024 → Q3 2024
| VOO Vanguard S&P 500 ETF | Reduce -35.9% | 7.17% | −4.58 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -66.7% | 1.30% | −2.72 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -71.5% | 0.23% | −0.61 |
| MSFT Microsoft Corp. | Reduce -0.4% | 2.36% | −0.37 |
| NVDA Nvidia Corp. | Reduce -0.4% | 2.21% | −0.29 |
| GOOGL Alphabet Inc. Class A | Reduce -0.7% | 0.72% | −0.16 |
| MAC The Macerich Co. | Sold out | 0.00% | −0.15 |
| GOOG Alphabet Inc. Class C | Reduce -2.1% | 0.59% | −0.14 |
| LLY Eli Lilly & Co. | Reduce -1.6% | 0.52% | −0.08 |
| AGG iShares Core U.S. Aggregate | Reduce -2.9% | 0.77% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -0.3% | 0.21% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -0.8% | 0.14% | −0.04 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −0.04 |
| ERIE Erie Indemnity Company Class A | Reduce -85.8% | 0.01% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -1.4% | 0.39% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -0.8% | 0.12% | −0.04 |
| LRCX Lam Research Corp. | Reduce -0.7% | 0.08% | −0.04 |
| CVX Chevron Corp. | Reduce -1.2% | 0.19% | −0.04 |
| ADI Analog Devices Inc. | Reduce -13.0% | 0.13% | −0.04 |
| ADBE Adobe Inc. | Reduce -1.4% | 0.17% | −0.04 |
| MU Micron Technology Inc. | Reduce -0.3% | 0.09% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -1.3% | 0.44% | −0.03 |
| INTC Intel Corp. | Reduce -0.2% | 0.07% | −0.03 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.03 |
| ETRN Equitrans Midstream Corp. | Sold out | 0.00% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -2.8% | 0.14% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -0.3% | 0.05% | −0.02 |
| BAC Bank of America Corp. | Reduce -1.2% | 0.20% | −0.02 |
| INTU Intuit Inc. | Reduce -0.6% | 0.13% | −0.02 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -0.3% | 0.07% | −0.02 |
| DIS The Walt Disney Co. | Reduce -0.9% | 0.13% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -0.5% | 0.29% | −0.02 |
| NBIX Neurocrine Biosciences Inc. | Reduce -0.3% | 0.06% | −0.02 |
| COP Conocophillips | Reduce -1.1% | 0.09% | −0.02 |
| AMD Advanced Micro Devices | Reduce -0.3% | 0.20% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -0.7% | 0.30% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -0.3% | 0.07% | −0.02 |
| CHRD Chord Energy Corp. | Reduce -1.1% | 0.04% | −0.02 |
| WOLF Wolfspeed Inc. | Sold out | 0.00% | −0.02 |
| EW Edwards Lifesciences Corp. | Reduce -0.4% | 0.03% | −0.02 |
| MCK McKesson Corp. | Reduce -0.7% | 0.05% | −0.02 |
| HON Honeywell International Inc. | Reduce -0.4% | 0.10% | −0.01 |
| ZD Ziff Davis Inc. | Sold out | 0.00% | −0.01 |
| ELV Elevance Health Inc. | Reduce -0.6% | 0.09% | −0.01 |
| KLAC KLA Corp. | Reduce -0.6% | 0.08% | −0.01 |
| NFLX Netflix Inc. | Reduce -0.8% | 0.23% | −0.01 |
| PEP Pepsico Inc. | Reduce -0.5% | 0.17% | −0.01 |
| ABNB Airbnb Inc. Class A | Reduce -0.7% | 0.04% | −0.01 |
| PGNY Progyny Inc. | Sold out | 0.00% | −0.01 |
| TGNA Tegna Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| IVV iShares Core S&P 500 ETF | Add +249.0% | 9.91% | +6.93 |
| EFA iShares MSCI Eafe ETF | Add +37.4% | 12.88% | +3.15 |
| IJH iShares Core S&P Midcap ETF | Add +7.3% | 7.66% | +0.23 |
| AAPL Apple Inc. | Add +5.0% | 2.62% | +0.12 |
| AVTR Avantor Inc. | New | 0.09% | +0.09 |
| PLTR Palantir Technologies Inc. Class A | New | 0.06% | +0.06 |
| WAL Western Alliance Bancorp | New | 0.05% | +0.05 |
| ENSG The Ensign Group Inc. | New | 0.04% | +0.04 |
| ANF Abercrombie & Fitch Co. Class A | New | 0.04% | +0.04 |
| HLNE Hamilton Lane Inc. Class A | New | 0.04% | +0.04 |
| EXE Expand Energy Corp. | Add +83.8% | 0.09% | +0.03 |
| AAL American Airlines Group Inc. | Add +597.8% | 0.04% | +0.03 |
| BIO Bio-Rad Laboratories-A | Add +553.5% | 0.03% | +0.03 |
| DELL Dell Technologies -C | New | 0.03% | +0.03 |
| PSN Parsons Corp. | New | 0.03% | +0.03 |
| VNOM Viper Energy Inc. | New | 0.02% | +0.02 |
| WMT Walmart Inc. | Add +1.3% | 0.26% | +0.02 |
| DT Dynatrace Inc. | Add +23.1% | 0.08% | +0.02 |
| AVGO Broadcom Inc. | Add +6.4% | 0.59% | +0.02 |
| FLG Flagstar Bank NA | New | 0.02% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.8% | 0.62% | +0.02 |
| COHR Coherent Corp. | Add +14.9% | 0.07% | +0.02 |
| COKE Coca-Cola Consolidated Inc. | Add +25.2% | 0.04% | +0.01 |
| AA Alcoa Corp. | Add +43.0% | 0.05% | +0.01 |
| DUOL Duolingo | Add +0.6% | 0.05% | +0.01 |
| VNO Vornado Realty Trust | Add +3.0% | 0.03% | +0.01 |
| BX Blackstone Inc. | Add +0.3% | 0.08% | +0.01 |
| USFD US Foods Holding Corp. | Add +7.5% | 0.08% | +0.01 |
| DOCS Doximity Inc. Class A | Add +1.9% | 0.03% | +0.01 |
| A Agilent Technologies Inc. | Add +5.4% | 0.10% | +0.01 |
| GME Gamestop Corp. Class A | Add +43.1% | 0.05% | +0.01 |
| KKR KKR & Co. Inc. | Add +0.9% | 0.07% | +0.01 |
| TPL Texas Pacific Land Corp. | Add +0.6% | 0.09% | +0.01 |
| ALGM Allegro Microsystems Inc. | Add +116.2% | 0.02% | +0.01 |
| VST Vistra Corp. | Add +4.8% | 0.03% | +0.01 |
| TKO Tko Group Holdings Inc. | Add +12.1% | 0.04% | +0.01 |
| HWM Howmet Aerospace Inc. | Add +4.8% | 0.03% | +0.01 |
| OHI Omega Healthcare Investors | Add +3.7% | 0.05% | +0.01 |
| SHC Sotera Health Co. | Add +22.1% | 0.01% | +0.00 |
| GEHC GE Healthcare Technology | Add +7.1% | 0.03% | +0.00 |
| CVLT Commvault Systems Inc. | Add +0.1% | 0.03% | +0.00 |
| EVR Evercore Inc. Class A | Add +0.0% | 0.05% | +0.00 |
| AXON Axon Enterprise Inc. | Add +0.9% | 0.02% | +0.00 |
| AFG American Financial Group Inc. | Add +9.6% | 0.05% | +0.00 |
| K Kellanova | Add +1.5% | 0.02% | +0.00 |
| NDAQ Nasdaq Inc. | Add +8.3% | 0.02% | +0.00 |
| NOW ServiceNow Inc. | Add +0.1% | 0.14% | +0.00 |
| GD General Dynamics Corp. | Add +13.0% | 0.06% | +0.00 |
| SMG Scotts Miracle-Gro Co. | Add +0.8% | 0.02% | +0.00 |
| VLTO Veralto Corp. | Add +12.0% | 0.02% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 879 | $8.5B | EFA, IVV, IJR, IJH, VOO |
| Q1 2026 | 873 | $6.6B | EFA, IVV, IJR, IJH, LQD |
| Q4 2025 | 877 | $8.6B | EFA, IVV, IJR, IJH, VOO |
| Q3 2025 | 877 | $6.9B | EFA, IVV, IJH, VOO, IJR |
| Q2 2025 | 879 | $6.5B | EFA, IVV, IJR, IJH, VOO |
| Q1 2025 | 876 | $6.3B | EFA, IVV, IJR, IJH, VOO |
| Q4 2024 | 875 | $4.5B | EFA, IJR, IVV, IJH, VOO |
| Q3 2024 | 874 | $4.3B | EFA, IJR, IVV, IJH, VOO |
| Q2 2024 | 876 | $3.9B | VOO, IJR, EFA, IJH, IEFA |
| Q1 2024 | 877 | $3.8B | VOO, IJR, EFA, IJH, IVV |