We are live on ! Find out more
APM

a16z Perennial Management Portfolio holdings

AUM $1.24B
1-Year Est. Return 7.36%
This Fund
S&P 500
This Quarter Est. Return
+8.68%
1 Year Est. Return
-7.36%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.31B
AUM Growth
+$1.53M
Cap. Flow
+$193M
Cap. Flow %
14.79%
Top 10 Hldgs %
85.5%
Holding
170
New
118
Increased
9
Reduced
5
Closed
29

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$245M
2
HOOD icon
Robinhood
HOOD
+$67.5M
3
META icon
Meta Platforms (Facebook)
META
+$20.9M
4
AVGO icon
Broadcom
AVGO
+$19.6M
5
VOO icon
Vanguard S&P 500 ETF
VOO
+$12.8M

Top Sells

Rank Stock Value
1
COIN icon
Coinbase
COIN
+$536M
2
ABNB icon
Airbnb
ABNB
+$68.4M
3
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$23.4M
4
VTEB icon
Vanguard Tax-Exempt Bond Index Fund
VTEB
+$21.4M
5
NU icon
Nu Holdings
NU
+$20.2M

Sector Composition

Rank Sector Weight
1 Financials 25.04%
2 Technology 8.27%
3 Communication Services 3.85%
4 Consumer Discretionary 1.17%
5 Healthcare 0.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AIG icon
101
American International
AIG
$40.4B
$252K 0.02%
+3,203
New +$256K
SAN icon
102
Banco Santander
SAN
$210B
$250K 0.02%
+23,859
New +$222K
PSX icon
103
Phillips 66
PSX
$89.5B
$245K 0.02%
+1,804
New +$231K
TMUS icon
104
T-Mobile US
TMUS
$192B
$244K 0.02%
+1,019
New +$247K
NOC icon
105
Northrop Grumman
NOC
$81.8B
$239K 0.02%
+393
New +$223K
PWR icon
106
Quanta Services
PWR
$101B
$239K 0.02%
+576
New +$224K
WDAY icon
107
Workday
WDAY
$44.8B
$238K 0.02%
987
+91
+10% +$21K
TJX icon
108
TJX Companies
TJX
$172B
$234K 0.02%
+1,622
New +$215K
TM icon
109
Toyota
TM
$225B
$234K 0.02%
+1,226
New +$231K
CMI icon
110
Cummins
CMI
$87.1B
$234K 0.02%
+554
New +$212K
COP icon
111
ConocoPhillips
COP
$151B
$233K 0.02%
+2,468
New +$233K
DUK icon
112
Duke Energy
DUK
$96.1B
$232K 0.02%
+1,876
New +$228K
UBS icon
113
UBS Group
UBS
$176B
$232K 0.02%
+5,648
New +$219K
ACN icon
114
Accenture
ACN
$110B
$228K 0.02%
+925
New +$241K
BBVA icon
115
Banco Bilbao Vizcaya Argentaria
BBVA
$157B
$224K 0.02%
+11,614
New +$203K
WDC icon
116
Western Digital
WDC
$151B
$223K 0.02%
+1,854
New +$152K
SONY icon
117
Sony
SONY
$139B
$222K 0.02%
+7,710
New +$207K
AMT icon
118
American Tower
AMT
$79B
$215K 0.02%
+1,118
New +$233K
SMFG icon
119
Sumitomo Mitsui Financial
SMFG
$160B
$213K 0.02%
+12,699
New +$203K
SPG icon
120
Simon Property Group
SPG
$71.2B
$211K 0.02%
+1,123
New +$194K
NTAP icon
121
NetApp
NTAP
$38.9B
$209K 0.02%
+1,768
New +$198K
KMI icon
122
Kinder Morgan
KMI
$70.1B
$205K 0.02%
+7,243
New +$198K
AXP icon
123
American Express
AXP
$230B
$205K 0.02%
+616
New +$196K
FE icon
124
FirstEnergy
FE
$27.1B
$203K 0.02%
+4,432
New +$189K
BTI icon
125
British American Tobacco
BTI
$122B
$201K 0.02%
+3,786
New +$206K
3 4
5
6 7

Similar funds

MP
Mangrove Partners Greenwich, Connecticut $1.24B AUM 41.74% 1-Year Est. Return
NHAS
Novo Holdings A/S Hellerup, Denmark $1.23B AUM 81.32% 1-Year Est. Return
FLII
First Long Island Investors Jericho, New York $1.23B AUM 14.42% 1-Year Est. Return
IC
Ikarian Capital Dallas, Texas $1.23B AUM 600.17% 1-Year Est. Return
BCP
BlackBarn Capital Partners New York $1.24B AUM 55.98% 1-Year Est. Return
SPC
Stony Point Capital New York $1.24B AUM 32.69% 1-Year Est. Return
IA
Inspire Advisors Meridian, Idaho $1.23B AUM 18.62% 1-Year Est. Return
FFM
Fullerton Fund Management Singapore $1.25B AUM 76.88% 1-Year Est. Return

a16z Perennial Management's Q3 2025 Portfolio in Review

As of Q3 2025, a16z Perennial Management held 170 positions worth $1.31B, up 0.12% from $1.31B the previous quarter. Its ten largest holdings account for 85% of the portfolio.

a16z Perennial Management deployed $193M of net new capital in Q3 2025, opening 118 new positions and adding to 9 existing holdings. Its largest new stake was Robinhood: 618,867 shares worth $88.6M.

By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 58% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Nu Holdings, an estimated $20.2M trimmed.

  • a16z Perennial Management's largest Q3 2025 buy was Robinhood: 618,867 shares worth $88.6M.
  • a16z Perennial Management added most to iShares Core S&P 500 ETF in Q3 2025, an estimated $245M increase.
  • a16z Perennial Management's biggest Q3 2025 reduction was Nu Holdings, cutting an estimated $20.2M.
  • a16z Perennial Management fully exited Coinbase in Q3 2025, selling an estimated $536M.
  • a16z Perennial Management's ten largest holdings make up 85% of its $1.31B portfolio in Q3 2025.
  • a16z Perennial Management opened 118 new positions and closed 29 in Q3 2025.
  • a16z Perennial Management's portfolio value rose 0.12% quarter-over-quarter to $1.31B.

Based on a16z Perennial Management's 13F filing for Q3 2025, filed 5 Nov 2025.