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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
+0.4%
1 Year Est. Return
-7.36%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$861M
AUM Growth
-$239M
Cap. Flow
-$239M
Cap. Flow %
-27.78%
Top 10 Hldgs %
90.74%
Holding
55
New
9
Increased
6
Reduced
11
Closed
6

Top Buys

Rank Stock Value
1
CMF icon
iShares California Muni Bond ETF
CMF
+$13M
2
IOT icon
Samsara
IOT
+$9.2M
3
CART icon
Maplebear
CART
+$6.87M
4
RDDT icon
Reddit
RDDT
+$2.79M
5
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$2.2M

Top Sells

Rank Stock Value
1
COIN icon
Coinbase
COIN
+$414M
2
MUB icon
iShares National Muni Bond ETF
MUB
+$23.6M
3
NU icon
Nu Holdings
NU
+$13.7M
4
ABNB icon
Airbnb
ABNB
+$9.92M
5
XHLF icon
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
+$6.67M

Sector Composition

Rank Sector Weight
1 Financials 23.65%
2 Consumer Discretionary 9.19%
3 Technology 7.91%
4 Communication Services 2.52%
5 Healthcare 0.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRWD icon
26
CrowdStrike
CRWD
$229B
$1.24M 0.14%
17,752
– –
CART icon
27
PUT
Maplebear
CART
$11.7B
$847K 0.1%
+20,800
New +$730K
GOOGL icon
28
Alphabet (Google) Class A
GOOGL
$4.37T
$815K 0.09%
4,900
+2,080
+74% +$349K
SPY icon
29
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$711K 0.08%
1,239
– –
WVE icon
30
Wave Life Sciences
WVE
$1.2B
$636K 0.07%
77,619
– –
HYG icon
31
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
$610K 0.07%
+7,600
New +$598K
NET icon
32
Cloudflare
NET
$111B
$569K 0.07%
7,040
-400
-5% -$32.2K
NFLX icon
33
Netflix
NFLX
$318B
$399K 0.05%
5,620
– –
WDAY icon
34
Workday
WDAY
$45.5B
$219K 0.03%
896
– –
RCKT icon
35
Rocket Pharmaceuticals
RCKT
$397M
$209K 0.02%
11,335
– –
TEAM icon
36
Atlassian
TEAM
$38.5B
$177K 0.02%
1,117
– –
DOCN icon
37
DigitalOcean
DOCN
$15.3B
$125K 0.01%
3,088
– –
IVVD icon
38
Invivyd
IVVD
$198M
$81.5K 0.01%
79,869
– –
ADVWW
39
DELISTED
Advantage Solutions Warrant
ADVWW
$64.9K 0.01%
23,583
+18,867
+400% +$643
CRIS icon
40
Curis
CRIS
$7.13M
$35.9K ﹤0.01%
333
– –
LYFT icon
41
Lyft
LYFT
$6.53B
$28.6K ﹤0.01%
2,244
– –
OPEN icon
42
Opendoor
OPEN
$3.38B
$8.84K ﹤0.01%
4,569
– –
NOW icon
43
ServiceNow
NOW
$132B
$5.37K ﹤0.01%
30
– –
BRK.B icon
44
Berkshire Hathaway Class B
BRK.B
$1.13T
$4.6K ﹤0.01%
10
– –
SNOW icon
45
Snowflake
SNOW
$116B
$3.22K ﹤0.01%
28
– –
DIS icon
46
Walt Disney
DIS
$178B
$2.12K ﹤0.01%
22
– –
ROOT icon
47
Root
ROOT
$828M
$378 ﹤0.01%
10
– –
ADV icon
48
Advantage Solutions
ADV
$383M
– –
-755
Closed -$60.8K
COIN icon
49
Coinbase
COIN
$39.2B
– –
-1,862,462
Closed -$414M
COIN icon
50
PUT
Coinbase
COIN
$39.2B
– –
-566,000
Closed -$126M
1
2
3

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IA
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a16z Perennial Management's Q3 2024 Portfolio in Review

As of Q3 2024, a16z Perennial Management held 55 positions worth $861M, down 22% from $1.1B the previous quarter. Its ten largest holdings account for 91% of the portfolio.

a16z Perennial Management withdrew a net $239M in Q3 2024, closing 6 positions and reducing 11 holdings. Its most notable exit was Coinbase, an estimated $414M position sold in full.

By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 56% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, a16z Perennial Management opened a new position in iShares California Muni Bond ETF worth $24.4M.

  • a16z Perennial Management's largest Q3 2024 buy was iShares California Muni Bond ETF: 226,366 shares worth $24.4M.
  • a16z Perennial Management added most to Samsara in Q3 2024, an estimated $9.2M increase.
  • a16z Perennial Management's biggest Q3 2024 reduction was Nu Holdings, cutting an estimated $13.7M.
  • a16z Perennial Management fully exited Coinbase in Q3 2024, selling an estimated $414M.
  • a16z Perennial Management's ten largest holdings make up 91% of its $861M portfolio in Q3 2024.
  • a16z Perennial Management opened 9 new positions and closed 6 in Q3 2024.
  • a16z Perennial Management's portfolio value fell 22% quarter-over-quarter to $861M.

Based on a16z Perennial Management's 13F filing for Q3 2024, filed 25 Oct 2024.