a16z Perennial Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
|
+$70M |
| 2 |
iShares National Muni Bond ETF
MUB
|
+$24.1M |
| 3 |
Nu Holdings
NU
|
+$7.76M |
| 4 |
Microsoft
MSFT
|
+$7.22M |
| 5 |
Janus Henderson B-BBB CLO ETF
JBBB
|
+$1.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares California Muni Bond ETF
CMF
|
+$23.9M |
| 2 |
Coinbase
COIN
|
+$9.98M |
| 3 |
Roblox
RBLX
|
+$4.07M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$2.12M |
| 5 |
iShares Interest Rate Hedged High Yield Bond ETF
HYGH
|
+$1.89M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 50.9% |
| 2 | Consumer Discretionary | 8.67% |
| 3 | Technology | 8.23% |
| 4 | Communication Services | 2.07% |
| 5 | Healthcare | 0.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
iShares Interest Rate Hedged High Yield Bond ETF
HYGH
$601M
| – | – |
-21,915
| Closed | -$1.89M |
|
|
52
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.6B
| – | – |
-19,876
| Closed | -$2.12M |
|
|
53
PUT
Microsoft
MSFT
$3.74T
| – | – |
-353,000
| Closed | -$7.62M |
|
Similar funds
a16z Perennial Management's Q1 2025 Portfolio in Review
As of Q1 2025, a16z Perennial Management held 60 positions worth $871M, down 2.8% from $897M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
a16z Perennial Management deployed $107M of net new capital in Q1 2025, opening 11 new positions and adding to 6 existing holdings. Its largest new stake was BondBloxx Bloomberg Six Month Target Duration US Treasury ETF: 1,392,000 shares worth $70.1M.
By sector, the portfolio is most concentrated in Financials at 51% of assets, down from 64% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Coinbase, an estimated $9.98M trimmed.
- a16z Perennial Management's largest Q1 2025 buy was BondBloxx Bloomberg Six Month Target Duration US Treasury ETF: 1,392,000 shares worth $70.1M.
- a16z Perennial Management added most to Nu Holdings in Q1 2025, an estimated $7.76M increase.
- a16z Perennial Management's biggest Q1 2025 reduction was Coinbase, cutting an estimated $9.98M.
- a16z Perennial Management fully exited iShares California Muni Bond ETF in Q1 2025, selling an estimated $23.9M.
- a16z Perennial Management's ten largest holdings make up 91% of its $871M portfolio in Q1 2025.
- a16z Perennial Management opened 11 new positions and closed 11 in Q1 2025.
- a16z Perennial Management's portfolio value fell 2.8% quarter-over-quarter to $871M.
Based on a16z Perennial Management's 13F filing for Q1 2025, filed 6 May 2025.