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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
NVDA icon
51
NVIDIA
NVDA
$4.86T
$640K 0.05%
3,200
-34,015
-91% -$6.99M
MSFT icon
52
Microsoft
MSFT
$3.45T
$551K 0.04%
1,486
-9,665
-87% -$3.91M
DASH icon
53
DoorDash
DASH
$85.5B
$495K 0.04%
2,680
-310
-10% -$51.2K
WVE icon
54
Wave Life Sciences
WVE
$1.09B
$451K 0.04%
77,619
– –
RDDT icon
55
Reddit
RDDT
$27.1B
$430K 0.03%
+2,471
New +$396K
NFLX icon
56
Netflix
NFLX
$299B
$410K 0.03%
5,740
-8,820
-61% -$777K
INTC icon
57
Intel
INTC
$455B
$353K 0.03%
+2,600
New +$263K
CMF icon
58
iShares California Muni Bond ETF
CMF
$4.55B
$271K 0.02%
4,710
– –
ETHW
59
Bitwise Ethereum ETF
ETHW
$195M
$250K 0.02%
22,197
– –
IVVD icon
60
Invivyd
IVVD
$158M
$69.7K 0.01%
79,869
– –
RCKT icon
61
Rocket Pharmaceuticals
RCKT
$340M
$38.8K ﹤0.01%
11,335
– –
ADI icon
62
Analog Devices
ADI
$179B
– –
-1,469
Closed -$467K
AIG icon
63
American International
AIG
$41.7B
– –
-3,124
Closed -$235K
AMAT icon
64
Applied Materials
AMAT
$403B
– –
-1,512
Closed -$517K
AMD icon
65
Advanced Micro Devices
AMD
$776B
– –
-3,730
Closed -$759K
AMT icon
66
American Tower
AMT
$80.8B
– –
-1,237
Closed -$213K
ANET icon
67
Arista Networks
ANET
$227B
– –
-3,024
Closed -$371K
AON icon
68
Aon
AON
$76.5B
– –
-2,310
Closed -$746K
ASML icon
69
ASML
ASML
$626B
– –
-478
Closed -$631K
AZN icon
70
AstraZeneca
AZN
$263B
– –
-1,993
Closed -$393K
BBVA icon
71
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
– –
-11,614
Closed -$252K
BG icon
72
Bunge Global
BG
$20.4B
– –
-1,852
Closed -$236K
BNY
73
Bank of New York Mellon
BNY
$106B
– –
-3,547
Closed -$421K
BRK.B icon
74
Berkshire Hathaway Class B
BRK.B
$1.1T
– –
-4,623
Closed -$2.22M
BTI icon
75
British American Tobacco
BTI
$131B
– –
-3,786
Closed -$221K
1 2
3
4 5

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HTHT
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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.