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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
ETN icon
76
Eaton
ETN
$178B
$443K 0.04%
1,238
– –
MRK icon
77
Merck
MRK
$322B
$434K 0.04%
3,612
– –
HD icon
78
Home Depot
HD
$353B
$423K 0.04%
1,287
– –
PM icon
79
Philip Morris
PM
$290B
$421K 0.04%
2,546
– –
BNY
80
Bank of New York Mellon
BNY
$109B
$421K 0.03%
3,547
– –
HLT icon
81
Hilton Worldwide
HLT
$70.8B
$412K 0.03%
1,356
– –
NVS icon
82
Novartis
NVS
$294B
$400K 0.03%
2,618
– –
CRM icon
83
Salesforce
CRM
$162B
$395K 0.03%
2,117
– –
AZN icon
84
AstraZeneca
AZN
$246B
$393K 0.03%
1,993
– –
SNDK
85
Sandisk
SNDK
$186B
$375K 0.03%
+590
New +$333K
ANET icon
86
Arista Networks
ANET
$250B
$371K 0.03%
3,024
-252
-8% -$33.7K
MA icon
87
Mastercard
MA
$492B
$362K 0.03%
724
– –
MUFG icon
88
Mitsubishi UFJ Financial
MUFG
$249B
$358K 0.03%
21,108
– –
GM icon
89
General Motors
GM
$78.4B
$345K 0.03%
4,636
– –
ETHW
90
Bitwise Ethereum ETF
ETHW
$197M
$333K 0.03%
22,197
– –
COP icon
91
ConocoPhillips
COP
$151B
$331K 0.03%
2,505
– –
PSX icon
92
Phillips 66
PSX
$89.5B
$331K 0.03%
1,815
– –
PWR icon
93
Quanta Services
PWR
$101B
$321K 0.03%
584
-53
-8% -$27.3K
CMCSA icon
94
Comcast
CMCSA
$91B
$315K 0.03%
10,959
– –
HWM icon
95
Howmet Aerospace
HWM
$112B
$304K 0.03%
1,321
– –
NOC icon
96
Northrop Grumman
NOC
$81.8B
$300K 0.02%
440
– –
TJX icon
97
TJX Companies
TJX
$172B
$296K 0.02%
1,852
– –
TXN icon
98
Texas Instruments
TXN
$257B
$293K 0.02%
1,509
– –
TPL icon
99
Texas Pacific Land
TPL
$25.2B
$292K 0.02%
+615
New +$264K
PFE icon
100
Pfizer
PFE
$152B
$284K 0.02%
10,118
– –
2 3
4
5 6

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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.