Winslow Capital Management: AUM & Ownership

Clients

Winslow Capital Management serves 1,882 clients, 201 of them high-net-worth individuals. The average client has about $15 million with the firm, and high-net-worth clients hold 1% of its $28.7 billion in assets.

Regulatory assets by client type

Investment companies7 clients58%
Pooled investment vehicles6 clients30%
Pension and profit-sharing plans8 clients3%
State or municipal government entities12 clients3%
OtherIndividuals, High-net-worth individuals, Charitable organizations, Corporations and other businesses, Other6%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Individuals (other than HNW)	1,549	$517,600,582	1.8%	$334K
High-net-worth individuals	201	$414,436,473	1.4%	$2.06M
Investment companies	7	$16,760,763,892	58.5%	$2.39B
Pooled investment vehicles	6	$8,536,607,063	29.8%	$1.42B
Pension and profit-sharing plans	8	$806,008,921	2.8%	$100.8M
Charitable organizations	41	$503,847,573	1.8%	$12.3M
State or municipal government entities	12	$921,031,299	3.2%	$76.8M
Corporations and other businesses	57	$194,878,332	0.7%	$3.42M
Other	1	$278,664	0.0%	$279K
Total	1,882	$28,655,452,799	100%	$15.2M

Individuals (other than HNW)

Clients: 1,549
Regulatory AUM: $517,600,582
Share: 1.8%
Avg. per client: $334K

High-net-worth individuals

Clients: 201
Regulatory AUM: $414,436,473
Share: 1.4%
Avg. per client: $2.06M

Investment companies

Clients: 7
Regulatory AUM: $16,760,763,892
Share: 58.5%
Avg. per client: $2.39B

Pooled investment vehicles

Clients: 6
Regulatory AUM: $8,536,607,063
Share: 29.8%
Avg. per client: $1.42B

Pension and profit-sharing plans

Clients: 8
Regulatory AUM: $806,008,921
Share: 2.8%
Avg. per client: $100.8M

Charitable organizations

Clients: 41
Regulatory AUM: $503,847,573
Share: 1.8%
Avg. per client: $12.3M

State or municipal government entities

Clients: 12
Regulatory AUM: $921,031,299
Share: 3.2%
Avg. per client: $76.8M

Corporations and other businesses

Clients: 57
Regulatory AUM: $194,878,332
Share: 0.7%
Avg. per client: $3.42M

Other

Clients: 1
Regulatory AUM: $278,664
Share: 0.0%
Avg. per client: $279K

Total

Clients: 1,882
Regulatory AUM: $28,655,452,799
Share: 100%
Avg. per client: $15.2M

What it does

Winslow Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.

Winslow Capital Management advises 3 private funds.

100.0% of assets ($28.66B across 1,882 accounts) are managed with discretion. $1.33B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 15 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks99%
Cash1%

Custodians

Winslow Capital Management’s client accounts are held mainly at State Street Bank & Trust, with 2% of managed assets, and Northern Trust, with 1%. Winslow Capital Management has custody of $3.12M for 3 clients.

Managed account assets by custodian

State Street Bank & TrustState Street Bank & Trust Company · Boston, MA · $664.6M2%
Northern TrustNorthern Trust Company · Chicago, IL · $384.0M1%
All other custodians$27.61B96%

Ownership and leadership

Nuveen WCM Holdings, LLC owns 75% or more of Winslow Capital Management, and Justin Kelly is its CEO.

Who owns the firm

Winslow Capital Management LLC· the adviser

Nuveen WCM Holdings, LLC
Control person · since June 2012
Owns 75% or more of Winslow Capital Management LLC
- Nuveen Investments, Inc.
  Control person · since June 2012
  Owns 75% or more of Nuveen WCM Holdings, LLC
  - Nuveen Holdings, Inc.
    Control person · since November 2007
    Owns 75% or more of Nuveen Investments, Inc.
    - Nuveen Holdings 1, Inc.
      Control person · since January 2017
      Owns 75% or more of Nuveen Holdings, Inc.
      - Nuveen Finance, LLC
        Control person · since January 2017
        Owns 75% or more of Nuveen Holdings 1, Inc.

Leadership

Justin Kelly
Chief Executive Officer, Chief Investment Officer, Portfolio Manager
Jeffrey Wieneke
Senior Managing Director, Chief Financial Officer
Derek Ciernia
Senior Managing Director, Chief Compliance Officer and Chief Legal Officer
Megan Anderson
Senior Managing Director, Chief Client Officer

Staff

37 employees
19 in advisory functions
2 soliciting firms

Reported holdings

Winslow Capital Management’s reported 13F holdings total $29.06B across 66 positions, and the ten largest make up 49.7% of it.

$29.06B
Reported 13F value: 66
Positions: 49.7%
In the 10 largest: +13.3%
Value vs. prior quarter

Ten largest positions, share of reported value

Nvidia Corp.10.7%
Alphabet Inc.10.7%
Broadcom Inc.6.0%
Apple Inc.4.9%
Amazon.com Inc..3.5%
Microsoft Corporation2.9%
Advanced Micro Devices Inc..2.9%
Lilly(eli) & Co2.9%
Meta Platforms Inc.2.6%
Hilton Worldwide Holdings Inc.2.5%

Together, the ten largest are 49.7% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 13 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $29.06B is not its $28.66B in regulatory assets and does not represent any individual client's portfolio.

Fees

Winslow Capital Management is paid through a percentage of assets under management and performance-based fees.

Winslow Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Winslow Capital Management has 2 offices (1 private residence, listed without an address), with 2 listed addresses across 2 states.

Listed office addresses by state

Minnesota · 1 listed address

4400 Ids Center, 80 South Eighth Street, MinneapolisHQ

Registration details

Legal name: Winslow Capital Management LLC
Headquarters: 4400 Ids Center, 80 South Eighth Street, Minneapolis, MN 55402
Phone: 612-376-9100
Website: www.winslowcapital.com
SEC file: 801-41316
Structure: Delaware LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Winslow Capital Management have?

Winslow Capital Management has 1,882 clients and manages $28.7 billion for them, as of March 2026. They include 1,549 other individuals, 201 high-net-worth individuals and 57 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026

What services does Winslow Capital Management offer?

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Winslow Capital Management use?

Winslow Capital Management’s separately managed account assets are held at State Street Bank & Trust Company (Boston, MA), with $664,632,020 and Northern Trust Company (Chicago, IL), with $383,967,449. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026

How many financial advisors does Winslow Capital Management have?

Winslow Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 37 employees, and 19 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Winslow Capital Management invest in?

At the end of its last fiscal year, Winslow Capital Management’s separately managed accounts held 99% exchange-traded equities and 1% cash and equivalents. It advises 3 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Winslow Capital Management?

Winslow Capital Management is owned through a chain of holding companies by Tiaa Board of Governors. Its direct owner is Nuveen WCM Holdings, LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026

How does Winslow Capital Management get paid?

Winslow Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file