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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
HLT icon
101
Hilton Worldwide
HLT
$72.1B
– –
-1,356
Closed -$412K
HSBC icon
102
HSBC
HSBC
$365B
– –
-6,052
Closed -$499K
HSY icon
103
Hershey
HSY
$35.5B
– –
-1,007
Closed -$209K
HWM icon
104
Howmet Aerospace
HWM
$113B
– –
-1,321
Closed -$304K
ICL icon
105
ICL Group
ICL
$6.53B
– –
-12,896
Closed -$66.8K
INTU icon
106
Intuit
INTU
$86.5B
– –
-550
Closed -$238K
JNJ icon
107
Johnson & Johnson
JNJ
$618B
– –
-3,519
Closed -$860K
JPM icon
108
JPMorgan Chase
JPM
$935B
– –
-3,789
Closed -$1.11M
KLAC icon
109
KLA
KLAC
$239B
– –
-3,440
Closed -$507K
KMI icon
110
Kinder Morgan
KMI
$71.7B
– –
-7,243
Closed -$243K
KO icon
111
Coca-Cola
KO
$377B
– –
-6,787
Closed -$516K
LLY icon
112
Eli Lilly
LLY
$1.02T
– –
-1,238
Closed -$1.14M
LOW icon
113
Lowe's Companies
LOW
$117B
– –
-973
Closed -$230K
LRCX icon
114
Lam Research
LRCX
$367B
– –
-1,100
Closed -$235K
MA icon
115
Mastercard
MA
$506B
– –
-724
Closed -$362K
MAR icon
116
Marriott International
MAR
$98.3B
– –
-1,951
Closed -$638K
MCD icon
117
McDonald's
MCD
$192B
– –
-905
Closed -$281K
MFG icon
118
Mizuho Financial
MFG
$127B
– –
-17,819
Closed -$141K
MRK icon
119
Merck
MRK
$322B
– –
-3,612
Closed -$434K
MS icon
120
Morgan Stanley
MS
$331B
– –
-5,130
Closed -$844K
MU icon
121
Micron Technology
MU
$930B
– –
-2,458
Closed -$830K
MUFG icon
122
Mitsubishi UFJ Financial
MUFG
$253B
– –
-21,108
Closed -$358K
NEE icon
123
NextEra Energy
NEE
$181B
– –
-2,460
Closed -$228K
NOC icon
124
Northrop Grumman
NOC
$77.1B
– –
-440
Closed -$300K
NOW icon
125
ServiceNow
NOW
$115B
– –
-2,475
Closed -$259K
3 4
5
6 7

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GX
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HCA
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NHAS
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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.