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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
-12.28%
1 Year Est. Return
-7.36%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.2B
AUM Growth
-$127M
Cap. Flow
+$59.2M
Cap. Flow %
4.92%
Top 10 Hldgs %
78.12%
Holding
179
New
29
Increased
9
Reduced
40
Closed
27

Top Buys

Rank Stock Value
1
IOT icon
Samsara
IOT
+$132M
2
VOO icon
Vanguard S&P 500 ETF
VOO
+$43.3M
3
AXP icon
American Express
AXP
+$38.9M
4
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$32.1M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$4.39M

Top Sells

Rank Stock Value
1
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$47.4M
2
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$20.2M
3
HOOD icon
Robinhood
HOOD
+$8.78M
4
EWJ icon
iShares MSCI Japan ETF
EWJ
+$8M
5
RVMD icon
Revolution Medicines
RVMD
+$7.95M

Sector Composition

Rank Sector Weight
1 Financials 44.97%
2 Technology 24.15%
3 Communication Services 4.64%
4 Consumer Discretionary 4.1%
5 Healthcare 1.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IAUM icon
51
iShares Gold Trust Micro
IAUM
$6.92B
$797K 0.07%
17,077
– –
AMD icon
52
Advanced Micro Devices
AMD
$774B
$759K 0.06%
3,730
+200
+6% +$42.7K
AON icon
53
Aon
AON
$75.6B
$746K 0.06%
2,310
– –
RTX icon
54
RTX Corp
RTX
$302B
$659K 0.05%
3,418
– –
COST icon
55
Costco
COST
$419B
$651K 0.05%
653
– –
MAR icon
56
Marriott International
MAR
$91.1B
$638K 0.05%
1,951
– –
ASML icon
57
ASML
ASML
$691B
$631K 0.05%
478
– –
ORCL icon
58
Oracle
ORCL
$419B
$624K 0.05%
4,239
-90
-2% -$14.6K
CAT icon
59
Caterpillar
CAT
$388B
$608K 0.05%
858
– –
C icon
60
Citigroup
C
$228B
$607K 0.05%
5,351
– –
WVE icon
61
Wave Life Sciences
WVE
$993M
$563K 0.05%
77,619
– –
WFC icon
62
Wells Fargo
WFC
$264B
$537K 0.04%
6,747
-161
-2% -$13.8K
CVX icon
63
Chevron
CVX
$386B
$533K 0.04%
2,575
– –
AMAT icon
64
Applied Materials
AMAT
$417B
$517K 0.04%
1,512
-193
-11% -$64.9K
KO icon
65
Coca-Cola
KO
$372B
$516K 0.04%
6,787
– –
UNH icon
66
UnitedHealth
UNH
$365B
$508K 0.04%
1,879
– –
GILD icon
67
Gilead Sciences
GILD
$168B
$507K 0.04%
3,640
– –
KLAC icon
68
KLA
KLAC
$262B
$507K 0.04%
3,440
-290
-8% -$42.4K
COF icon
69
Capital One
COF
$134B
$503K 0.04%
2,756
-75
-3% -$15.7K
HSBC icon
70
HSBC
HSBC
$355B
$499K 0.04%
6,052
-758
-11% -$64.2K
V icon
71
Visa
V
$677B
$484K 0.04%
1,602
– –
PG icon
72
Procter & Gamble
PG
$338B
$481K 0.04%
3,327
– –
WDC icon
73
Western Digital
WDC
$151B
$479K 0.04%
1,771
-240
-12% -$62.7K
ADI icon
74
Analog Devices
ADI
$188B
$467K 0.04%
1,469
– –
DASH icon
75
DoorDash
DASH
$91.9B
$449K 0.04%
2,990
-10,806
-78% -$2M
1 2
3
4 5

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FLII
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IC
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BCP
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SPC
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IA
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FFM
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a16z Perennial Management's Q1 2026 Portfolio in Review

As of Q1 2026, a16z Perennial Management held 179 positions worth $1.2B, down 9.5% from $1.33B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

a16z Perennial Management deployed $59.2M of net new capital in Q1 2026, opening 29 new positions and adding to 9 existing holdings. Its largest new stake was Vanguard S&P 500 ETF: 69,192 shares worth $41.3M.

By sector, the portfolio is most concentrated in Financials at 45% of assets, down from 49% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Vanguard Morningstar Total Stock Market ETF, an estimated $20.2M trimmed.

  • a16z Perennial Management's largest Q1 2026 buy was Vanguard S&P 500 ETF: 69,192 shares worth $41.3M.
  • a16z Perennial Management added most to Samsara in Q1 2026, an estimated $132M increase.
  • a16z Perennial Management's biggest Q1 2026 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $20.2M.
  • a16z Perennial Management fully exited iShares Core MSCI Europe ETF in Q1 2026, selling an estimated $47.4M.
  • a16z Perennial Management's ten largest holdings make up 78% of its $1.2B portfolio in Q1 2026.
  • a16z Perennial Management opened 29 new positions and closed 27 in Q1 2026.
  • a16z Perennial Management's portfolio value fell 9.5% quarter-over-quarter to $1.2B.

Based on a16z Perennial Management's 13F filing for Q1 2026, filed 12 May 2026.