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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
+15.93%
1 Year Est. Return
-7.36%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$897M
AUM Growth
+$35.4M
Cap. Flow
+$232M
Cap. Flow %
25.82%
Top 10 Hldgs %
92.38%
Holding
57
New
8
Increased
5
Reduced
10
Closed
8

Top Buys

Rank Stock Value
1
COIN icon
Coinbase
COIN
+$417M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$19.6M
3
NU icon
Nu Holdings
NU
+$12.3M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$868K
5
BITB icon
Bitwise Bitcoin ETF
BITB
+$721K

Top Sells

Rank Stock Value
1
XHLF icon
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
+$70.2M
2
IOT icon
Samsara
IOT
+$11M
3
MSFT icon
Microsoft
MSFT
+$7.54M
4
RDDT icon
Reddit
RDDT
+$5.57M
5
CRM icon
Salesforce
CRM
+$3.06M

Sector Composition

Rank Sector Weight
1 Financials 63.96%
2 Consumer Discretionary 9.06%
3 Technology 5.51%
4 Communication Services 2.41%
5 Healthcare 0.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ETHW
26
Bitwise Ethereum ETF
ETHW
$196M
$532K 0.06%
+22,197
New +$490K
CLOZ icon
27
Panagram BBB-B CLO ETF
CLOZ
$806M
$509K 0.06%
18,898
-37,500
-66% -$1.01M
NFLX icon
28
Netflix
NFLX
$318B
$501K 0.06%
5,620
– –
TEAM icon
29
Atlassian
TEAM
$38.5B
$272K 0.03%
1,117
– –
WDAY icon
30
Workday
WDAY
$45.5B
$231K 0.03%
896
– –
RCKT icon
31
Rocket Pharmaceuticals
RCKT
$397M
$142K 0.02%
11,335
– –
NET icon
32
Cloudflare
NET
$111B
$112K 0.01%
1,040
-6,000
-85% -$586K
DOCN icon
33
DigitalOcean
DOCN
$15.3B
$105K 0.01%
3,088
– –
ADV icon
34
Advantage Solutions
ADV
$383M
$55.1K 0.01%
+755
New +$61.7K
IVVD icon
35
Invivyd
IVVD
$198M
$35.4K ﹤0.01%
79,869
– –
LYFT icon
36
Lyft
LYFT
$6.53B
$28.9K ﹤0.01%
2,244
– –
CRIS icon
37
Curis
CRIS
$7.13M
$20.4K ﹤0.01%
333
– –
RDDT icon
38
Reddit
RDDT
$30.5B
$10.9K ﹤0.01%
67
-45,133
-100% -$5.57M
CRM icon
39
Salesforce
CRM
$162B
$9.36K ﹤0.01%
28
-9,600
-100% -$3.06M
OPEN icon
40
Opendoor
OPEN
$3.38B
$7.08K ﹤0.01%
4,569
– –
NOW icon
41
ServiceNow
NOW
$132B
$6.36K ﹤0.01%
30
– –
MSFT icon
42
Microsoft
MSFT
$3.76T
$5.06K ﹤0.01%
12
-17,700
-100% -$7.54M
BRK.B icon
43
Berkshire Hathaway Class B
BRK.B
$1.13T
$4.53K ﹤0.01%
10
– –
SNOW icon
44
Snowflake
SNOW
$116B
$4.32K ﹤0.01%
28
– –
DIS icon
45
Walt Disney
DIS
$178B
$2.45K ﹤0.01%
22
– –
ROOT icon
46
Root
ROOT
$828M
$726 ﹤0.01%
10
– –
ADVWW
47
DELISTED
Advantage Solutions Warrant
ADVWW
– –
-23,583
Closed -$64.9K
GOOGL icon
48
Alphabet (Google) Class A
GOOGL
$4.37T
– –
-4,900
Closed -$815K
HOOD icon
49
Robinhood
HOOD
$85B
– –
-88,871
Closed -$2.08M
IOT icon
50
Samsara
IOT
$23.2B
– –
-229,586
Closed -$11M
1
2
3

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FLII
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SPC
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IA
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a16z Perennial Management's Q4 2024 Portfolio in Review

As of Q4 2024, a16z Perennial Management held 57 positions worth $897M, up 4.1% from $861M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

a16z Perennial Management deployed $232M of net new capital in Q4 2024, opening 8 new positions and adding to 5 existing holdings. Its largest new stake was Coinbase: 1,640,962 shares worth $407M.

By sector, the portfolio is most concentrated in Financials at 64% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Microsoft, an estimated $7.54M trimmed.

  • a16z Perennial Management's largest Q4 2024 buy was Coinbase: 1,640,962 shares worth $407M.
  • a16z Perennial Management added most to Nu Holdings in Q4 2024, an estimated $12.3M increase.
  • a16z Perennial Management's biggest Q4 2024 reduction was Microsoft, cutting an estimated $7.54M.
  • a16z Perennial Management fully exited BondBloxx Bloomberg Six Month Target Duration US Treasury ETF in Q4 2024, selling an estimated $70.2M.
  • a16z Perennial Management's ten largest holdings make up 92% of its $897M portfolio in Q4 2024.
  • a16z Perennial Management opened 8 new positions and closed 8 in Q4 2024.
  • a16z Perennial Management's portfolio value rose 4.1% quarter-over-quarter to $897M.

Based on a16z Perennial Management's 13F filing for Q4 2024, filed 28 Jan 2025.