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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
C icon
76
Citigroup
C
$222B
– –
-5,351
Closed -$607K
CAT icon
77
Caterpillar
CAT
$375B
– –
-858
Closed -$608K
CBOE icon
78
Cboe Global Markets
CBOE
$32.5B
– –
-803
Closed -$226K
CDNS icon
79
Cadence Design Systems
CDNS
$93.6B
– –
-730
Closed -$203K
CL icon
80
Colgate-Palmolive
CL
$73.1B
– –
-3,156
Closed -$269K
CLOZ icon
81
Panagram BBB-B CLO ETF
CLOZ
$784M
– –
-9,850
Closed -$253K
CMCSA icon
82
Comcast
CMCSA
$85B
– –
-10,959
Closed -$315K
CMI icon
83
Cummins
CMI
$87.5B
– –
-490
Closed -$264K
COF icon
84
Capital One
COF
$128B
– –
-2,756
Closed -$503K
COP icon
85
ConocoPhillips
COP
$147B
– –
-2,505
Closed -$331K
COST icon
86
Costco
COST
$422B
– –
-653
Closed -$651K
CRM icon
87
Salesforce
CRM
$151B
– –
-2,117
Closed -$395K
CVX icon
88
Chevron
CVX
$392B
– –
-2,575
Closed -$533K
DUK icon
89
Duke Energy
DUK
$97.8B
– –
-1,847
Closed -$242K
E icon
90
ENI
E
$80.5B
– –
-3,701
Closed -$210K
EBAY icon
91
eBay
EBAY
$50.6B
– –
-2,886
Closed -$263K
ETN icon
92
Eaton
ETN
$161B
– –
-1,238
Closed -$443K
EXPD icon
93
Expeditors International
EXPD
$22B
– –
-1,458
Closed -$209K
FE icon
94
FirstEnergy
FE
$28B
– –
-4,496
Closed -$228K
GE icon
95
GE Aerospace
GE
$374B
– –
-3,918
Closed -$1.11M
GILD icon
96
Gilead Sciences
GILD
$162B
– –
-3,640
Closed -$507K
GM icon
97
General Motors
GM
$80.4B
– –
-4,636
Closed -$345K
GS icon
98
Goldman Sachs
GS
$300B
– –
-1,273
Closed -$1.08M
HD icon
99
Home Depot
HD
$331B
– –
-1,287
Closed -$423K
HII icon
100
Huntington Ingalls Industries
HII
$12.9B
– –
-540
Closed -$205K
2 3
4
5 6

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GX
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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.