Northwestern Mutual Wealth Management portfolio

What changed this quarter

3629 positions with a change (378 new, 1598 added to, 1248 trimmed, 405 sold); also, 8 entered through an IPO, 46 exited through an acquisition or merger, 6 entered through a spin-off. 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Msci USA Value Facto ETF−86%fewer sharesReduced
  2.0% → 0.4%
• American Centy ETF Tr+1,248%more sharesIncreased
  0.1% → 1.6%
• Schwab US Reit ETF+558%more sharesIncreased
  0.1% → 0.6%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• iShares Core S&P 500 ETFIVV14.0%
• Vanguard Total Bond Market ETFBND5.5%
• iShares Core S&P Midcap ETFIJH5.5%
• Schwab International Equity ETFSCHF4.6%
• iShares Core S&P Small-cap E ETFIJR3.5%
• Invesco Exchange Traded Fund TRSP3.2%
• Vanguard Ftse Developed ETFVEA2.5%
• State Str Spdr S&P 500 ETF TSPY2.5%
• Vanguard International Equity Index FVWO2.5%
• Fidelity Total Bond ETFFBND2.5%
• iShares Core Msci Eafe ETFIEFA1.9%
• iShares 20+ Year Treasury BD ETFTLT1.8%
• American Centy ETF TrAVLV1.6%
• iShares Msci International Q ETFIQLT1.6%
• Invesco QQQ Trust Series 1 ETFQQQ1.2%
• Vanguard S&P 500 ETFVOO1.2%
• Vanguard Index FundsVO1.0%
• Vanguard Tax-exempt Bond ETFVTEB1.0%
• Dimensional ETF TrustDFIV1.0%
• IsharesIEMG0.9%
• Vanguard Real Estate ETFVNQ0.9%
• Ishares TrIUSB0.8%
• iShares Core U.s. Aggregate ETFAGG0.7%
• AlphabetGOOGL · GOOG0.6%
• NVIDIANVDA0.6%
• Schwab US Reit ETFSCHH0.6%
• Invesco Nasdaq 100 ETFQQQM0.6%
• Schwab US Large-cap ETFSCHX0.6%
• Capital Group Dividend ValueCGDV0.6%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.6%
• AppleAAPL0.6%
• BlackRock ETF TrustDYNF0.6%
• iShares National Muni Bond E ETFMUB0.5%
• Goldman Activebeta US LC ETFGSLC0.5%
• Vanguard Intermediate-term B ETFBIV0.5%
• Vanguard Index FundsVV0.5%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.5%
• iShares International Equity ETFINTF0.5%
• Amazon.comAMZN0.5%
• MicrosoftMSFT0.5%
• Vanguard Most Sm-cap ETF-usd ETFVB0.5%
• iShares Msci International V ETFIVLU0.4%
• iShares Msci USA Value Facto ETFVLUE0.4%
• State Str Spdr S&P Midcap 40MDY0.3%
• Capital Group Growth ETFCGGR0.3%
• Vanguard Info Tech ETFVGT0.3%
• iShares Russell 1000 ETFIWB0.3%
• IsharesEMXC0.3%
• Fidelity Enhanced Mid Cap ETFFMDE0.3%
• American Centy ETF TrAVEM0.3%
• STE Str SPDR PT S&P 500 ETFSPYM0.3%
• Fidelity Enhanced International ETFFENI0.3%
• iShares 7-10 Year Treasury B ETFIEF0.3%
• iShares Gold Trust ETFIAU0.3%
• Schwab US Mid Cap ETFSCHM0.2%
• Pacer US Cash Cows 100 ETFCOWZ0.2%
• Capital Group GBL Growth EQTCGGO0.2%
• BroadcomAVGO0.2%
• Meta PlatformsMETA0.2%
• Schwab US DVD Equity ETFSCHD0.2%
• DBX ETF TrDBEF0.2%
• iShares Global 100 ETFIOO0.2%
• JPMorgan ChaseJPM0.2%
• Victory Portfolios IIVFLO0.2%
• Schwab US Large-cap Growth ETFSCHG0.2%
• American Centy ETF TrAVDE0.2%
• Vanguard International Equity Index FVT0.2%
• Vanguard Dividend Apprec ETFVIG0.2%
• iShares Msci USA Quality FAC ETFQUAL0.2%
• Vaneck ETF TrustSMH0.2%
• Putnam ETF TrustPVAL0.2%
• iShares Russell 1000 Growth ETFIWF0.2%
• Schwab Fndmn International LRG Co ETFFNDF0.2%
• American Centy ETF TrAVUV0.2%
• Applied MaterialsAMAT0.2%
• Capital GRP Fixed Incm ETF TCGSM0.2%
• Vanguard Index FundsVTI0.2%
• Eli LillyLLY0.2%
• First Trust Rising Dividend ETFRDVY0.2%
• IsharesEZU0.1%
• Advanced Micro DevicesAMD0.1%
• Vanguard Index FundsVOT0.1%
• Lam ResearchLRCX0.1%
• Taiwan Semiconductor ManufacturingTSM0.1%
• State Street SPDR P S&P 500 Growth ETFSPYG0.1%
• Capital GRP Fixed Incm ETF TCGMU0.1%
• Capital Group International Focus EQTCGXU0.1%
• Invesco S&P 500 Momentum ETFSPMO0.1%
• J P Morgan Exchange Traded FundJMUB0.1%
• State Street SPDR N ICE Muni Bond ETFTFI0.1%
• iShares Msci Eafe ETFEFA0.1%
• Invesco Exchange Traded Fund TXMMO0.1%
• Invesco Exchange Traded Fund TSPHQ0.1%
• BlackRock ETF TrustBAI0.1%
• iShares S&P 500 Growth ETFIVW0.1%
• Berkshire HathawayBRK/B0.1%
• J P Morgan Exchange Traded FundJCPB0.1%
• Schwab US Small-cap ETFSCHA0.1%
• Vanguard Index FundsVOE0.1%