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APM

a16z Perennial Management Portfolio holdings

AUM $1.24B
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
Cap. Flow
+$8.19M
Cap. Flow %
0.66%
Top 10 Hldgs %
78.45%
Holding
173
New
21
Increased
11
Reduced
21
Closed
110

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$52.1M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$29.1M
3
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$20.2M
4
GLDM icon
SPDR Gold MiniShares Trust
GLDM
+$17.7M
5
RPAR icon
RPAR Risk Parity ETF
RPAR
+$16.5M

Top Sells

Rank Stock Value
1
XHLF icon
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
+$70.1M
2
OKTA icon
Okta
OKTA
+$21.9M
3
IOT icon
Samsara
IOT
+$20M
4
AXP icon
American Express
AXP
+$18.2M
5
RVMD icon
Revolution Medicines
RVMD
+$7.7M

Sector Composition

Rank Sector Weight
1 Financials 39.16%
2 Technology 20.88%
3 Communication Services 3.79%
4 Consumer Discretionary 3.76%
5 Healthcare 1.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COIN icon
1
Coinbase
COIN
$38.5B
$215M 17.42%
1,473,831
+2,836
+0.2% +$512K
NU icon
2
Nu Holdings
NU
$69.2B
$193M 15.6%
14,444,100
+585,800
+4% +$7.9M
IOT icon
3
Samsara
IOT
$21.7B
$173M 14.01%
5,344,484
-645,392
-11% -$20M
VOO icon
4
Vanguard S&P 500 ETF
VOO
$979B
$101M 8.15%
147,401
+78,209
+113% +$52.1M
AGG icon
5
iShares Core US Aggregate Bond ETF
AGG
$137B
$61M 4.93%
615,315
+294,084
+92% +$29.1M
AVGO icon
6
Broadcom
AVGO
$1.85T
$51.3M 4.15%
135,798
-7,733
-5% -$3.1M
VEA icon
7
Vanguard FTSE Developed Markets ETF
VEA
$229B
$47.5M 3.84%
667,483
+290,480
+77% +$20.2M
HOOD icon
8
Robinhood
HOOD
$77.8B
$47.1M 3.8%
469,215
-25,137
-5% -$2.1M
ABNB icon
9
Airbnb
ABNB
$89.9B
$42.2M 3.41%
294,893
-4,600
-2% -$627K
IVV icon
10
iShares Core S&P 500 ETF
IVV
$878B
$38.9M 3.14%
51,895
+6,645
+15% +$4.84M
META icon
11
Meta Platforms (Facebook)
META
$1.42T
$28.8M 2.32%
51,051
-4,085
-7% -$2.5M
AXP icon
12
American Express
AXP
$227B
$20.2M 1.63%
59,779
-56,929
-49% -$18.2M
VTI icon
13
Vanguard Morningstar Total Stock Market ETF
VTI
$660B
$16.5M 1.34%
44,683
-276
-0.6% -$98.7K
RPAR icon
14
RPAR Risk Parity ETF
RPAR
$570M
$16.2M 1.31%
+726,729
New +$16.5M
GLDM icon
15
SPDR Gold MiniShares Trust
GLDM
$27.5B
$15.7M 1.27%
+198,110
New +$17.7M
OKTA icon
16
Okta
OKTA
$24.7B
$14.1M 1.14%
103,080
-232,700
-69% -$21.9M
JAAA icon
17
Janus Henderson AAA CLO ETF
JAAA
$29B
$11M 0.89%
217,155
-19,997
-8% -$1.01M
GOVT icon
18
iShares US Treasury Bond ETF
GOVT
$43.6B
$10.5M 0.85%
459,986
+351,139
+323% +$8M
IEMG icon
19
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
$9.86M 0.8%
+118,984
New +$9.48M
RVMD icon
20
Revolution Medicines
RVMD
$39.9B
$9.64M 0.78%
51,490
-52,724
-51% -$7.7M
AFRM icon
21
Affirm
AFRM
$23.9B
$7.99M 0.65%
98,020
-5,200
-5% -$340K
TIP icon
22
iShares TIPS Bond ETF
TIP
$14.5B
$7.56M 0.61%
+69,075
New +$7.64M
FIG
23
Figma
FIG
$12.9B
$7.37M 0.6%
+407,253
New +$8.19M
OMDA
24
Omada Health Inc
OMDA
$1.18B
$7.33M 0.59%
334,071
+141,605
+74% +$2.26M
GUNR icon
25
FlexShares Global Upstream Natural Resources Index Fund
GUNR
$7.2B
$7.25M 0.59%
+147,066
New +$7.91M
1
2 3 4 5

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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 Technology and Communication Services.

  • 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.