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a16z Perennial Management Portfolio holdings
AUM
$1.24B
Turnover
75.72%
1-Year Est. Return
7.36%
This Fund
S&P 500
This Quarter Est. Return
+4.97%
1 Year Est. Return
-7.36%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.24B
AUM Growth
+$32.7M
(+2.7%)
Cap. Flow
+$10.1M
Cap. Flow % of AUM
Cap. Flow %
0.81%
Top 10 Holdings %
Top 10 Hldgs %
78.45%
Holding
173
New
21
Increased
11
Reduced
21
Closed
110
Avg Time Held
Equity + Options
0.8
years
Top 10 Avg Time Held
Equity + Options
0.6
years
Top 20 Avg Time Held
Equity + Options
0.7
years
Avg Time Held Equity only
0.8
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$52.1M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$29.1M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$20.2M |
| 4 |
SPDR Gold MiniShares Trust
GLDM
|
+$17.7M |
| 5 |
RPAR Risk Parity ETF
RPAR
|
+$16.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
|
+$70.1M |
| 2 |
Okta
OKTA
|
+$21.9M |
| 3 |
Samsara
IOT
|
+$20M |
| 4 |
American Express
AXP
|
+$18.2M |
| 5 |
Revolution Medicines
RVMD
|
+$7.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.16% |
| 2 | Miscellaneous | 30.99% |
| 3 | Technology | 20.88% |
| 4 | Communication Services | 3.79% |
| 5 | Consumer Discretionary | 3.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Coinbase
COIN
$38B
| $215M | 17.42% |
1,473,831
+2,836
| +0.2% | +$512K |
2025 Q4
2 quarters
|
|
2
Nu Holdings
NU
$56.1B
| $193M | 15.6% |
14,444,100
+585,800
| +4% | +$7.9M |
2024 Q2
8 quarters
|
|
|
3
Samsara
IOT
$24.6B
| $173M | 14.01% |
5,344,484
-645,392
| -11% | -$20M |
2025 Q4
2 quarters
|
|
|
4
Vanguard S&P 500 ETF
VOO
$1.02T
| $101M | 8.15% |
147,401
+78,209
| +113% | +$52.1M |
2026 Q1
1 quarter
|
|
|
5
iShares Core US Aggregate Bond ETF
AGG
$140B
| $61M | 4.93% |
615,315
+294,084
| +92% | +$29.1M |
2026 Q1
1 quarter
|
|
6
Broadcom
AVGO
$1.56T
| $51.3M | 4.15% |
135,798
-7,733
| -5% | -$3.1M |
2025 Q3
3 quarters
|
|
|
7
Vanguard FTSE Developed Markets ETF
VEA
$228B
| $47.5M | 3.84% |
667,483
+290,480
| +77% | +$20.2M |
2025 Q3
3 quarters
|
|
8
Robinhood
HOOD
$76.5B
| $47.1M | 3.8% |
469,215
-25,137
| -5% | -$2.1M |
2025 Q3
3 quarters
|
|
9
Airbnb
ABNB
$96.9B
| $42.2M | 3.41% |
294,893
-4,600
| -2% | -$627K |
2025 Q4
2 quarters
|
|
10
iShares Core S&P 500 ETF
IVV
$869B
| $38.9M | 3.14% |
51,895
+6,645
| +15% | +$4.84M |
2024 Q4
6 quarters
|
|
11
Meta Platforms (Facebook)
META
$1.6T
| $28.8M | 2.32% |
51,051
-4,085
| -7% | -$2.5M |
2024 Q1
9 quarters
|
|
|
12
American Express
AXP
$214B
| $20.2M | 1.63% |
59,779
-56,929
| -49% | -$18.2M |
2025 Q3
3 quarters
|
|
13
Vanguard Morningstar Total Stock Market ETF
VTI
$684B
| $16.5M | 1.34% |
44,683
-276
| -0.6% | -$98.7K |
2025 Q4
2 quarters
|
|
|
14
RPAR Risk Parity ETF
RPAR
$551M
| $16.2M | 1.31% |
+726,729
| New | +$16.5M |
2026 Q2
0 quarters
|
|
|
15
SPDR Gold MiniShares Trust
GLDM
$29.3B
| $15.7M | 1.27% |
+198,110
| New | +$17.7M |
2026 Q2
0 quarters
|
|
|
16
Okta
OKTA
$36.4B
| $14.1M | 1.14% |
103,080
-232,700
| -69% | -$21.9M |
2023 Q4
10 quarters
|
|
17
Janus Henderson AAA CLO ETF
JAAA
$32.5B
| $11M | 0.89% |
217,155
-19,997
| -8% | -$1.01M |
2025 Q4
2 quarters
|
|
18
iShares US Treasury Bond ETF
GOVT
$42.9B
| $10.5M | 0.85% |
459,986
+351,139
| +323% | +$8M |
2026 Q1
1 quarter
|
|
19
iShares Core MSCI Emerging Markets ETF
IEMG
$146B
| $9.9M | 0.8% |
+118,984
| New | +$9.48M |
2026 Q2
0 quarters
|
|
|
20
Revolution Medicines
RVMD
$41B
| $9.6M | 0.78% |
51,490
-52,724
| -51% | -$7.7M |
2025 Q4
2 quarters
|
|
21
Affirm
AFRM
$24.8B
| $7.99M | 0.65% |
98,020
-5,200
| -5% | -$340K |
2023 Q4
10 quarters
|
|
22
iShares TIPS Bond ETF
TIP
$14.6B
| $7.56M | 0.61% |
+69,075
| New | +$7.64M |
2026 Q2
0 quarters
|
|
23
Figma
FIG
$11.5B
| $7.37M | 0.6% |
+407,253
| New | +$8.19M |
2026 Q2
0 quarters
|
|
24
Omada Health Inc
OMDA
$1.15B
| $7.33M | 0.59% |
334,071
+141,605
| +74% | +$2.26M |
2025 Q4
2 quarters
|
|
25
Northern Trust Morningstar Global Upstream Natural Resources ETF
GUNR
$7.01B
| $7.25M | 0.59% |
+147,066
| New | +$7.91M |
2026 Q2
0 quarters
|
|
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a16z Perennial Management's Q2 2026 Portfolio in Review
As of Q2 2026, a16z Perennial Management held 173 positions worth $1.24B, up 2.7% from $1.2B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
a16z Perennial Management's Q2 2026 filing shows 21 new, 11 increased, 21 reduced and 110 closed positions. Its largest new stake was SPDR Gold MiniShares Trust: 198,110 shares worth $15.7M. The largest sale was BondBloxx Bloomberg Six Month Target Duration US Treasury ETF, an estimated $70.1M.
By sector, the portfolio is most concentrated in Financials at 39% of assets, down from 45% a quarter earlier, followed by Miscellaneous and Technology.
- a16z Perennial Management's largest Q2 2026 buy was SPDR Gold MiniShares Trust: 198,110 shares worth $15.7M.
- a16z Perennial Management added most to Vanguard S&P 500 ETF in Q2 2026, an estimated $52.1M increase.
- a16z Perennial Management's biggest Q2 2026 reduction was Okta, cutting an estimated $21.9M.
- a16z Perennial Management fully exited BondBloxx Bloomberg Six Month Target Duration US Treasury ETF in Q2 2026, selling an estimated $70.1M.
- a16z Perennial Management's ten largest holdings make up 78% of its $1.24B portfolio in Q2 2026.
- a16z Perennial Management opened 21 new positions and closed 110 in Q2 2026.
- a16z Perennial Management's portfolio value rose 2.7% quarter-over-quarter to $1.24B.
Based on a16z Perennial Management's 13F filing for Q2 2026, filed 24 Jul 2026.