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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
(-9.5%)
Cap. Flow
+$59.2M
Cap. Flow
% of AUM
4.92%
Top 10 Holdings %
Top 10 Hldgs %
78.12%
Holding
179
New
29
Increased
9
Reduced
40
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Samsara
IOT
|
+$132M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$43.3M |
| 3 |
American Express
AXP
|
+$38.9M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$32.1M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$4.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Europe ETF
IEUR
|
+$47.4M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$20.2M |
| 3 |
Robinhood
HOOD
|
+$8.78M |
| 4 |
iShares MSCI Japan ETF
EWJ
|
+$8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
101
McDonald's
MCD
$194B
| $281K | 0.02% |
905
| – | – |
|
102
Banco Santander
SAN
$210B
| $269K | 0.02% |
23,859
-6,162
| -21% | -$73.5K |
|
103
Colgate-Palmolive
CL
$73.6B
| $269K | 0.02% |
3,156
| – | – |
|
104
iShares California Muni Bond ETF
CMF
$4.62B
| $268K | 0.02% |
+4,710
| New | +$272K |
|
105
TotalEnergies
TTE
$195B
| $264K | 0.02% |
+2,906
| New | +$222K |
|
106
Cummins
CMI
$87.1B
| $264K | 0.02% |
490
| – | – |
|
107
eBay
EBAY
$47.2B
| $263K | 0.02% |
2,886
| – | – |
|
108
ServiceNow
NOW
$132B
| $259K | 0.02% |
+2,475
| New | +$291K |
|
109
Toyota
TM
$225B
| $253K | 0.02% |
1,226
| – | – |
|
110
Panagram BBB-B CLO ETF
CLOZ
$806M
| $253K | 0.02% |
+9,850
| New | +$258K |
|
111
Banco Bilbao Vizcaya Argentaria
BBVA
$157B
| $252K | 0.02% |
11,614
-1,536
| -12% | -$35.5K |
|
112
Sumitomo Mitsui Financial
SMFG
$160B
| $251K | 0.02% |
12,699
| – | – |
|
113
Kinder Morgan
KMI
$70.1B
| $243K | 0.02% |
+7,243
| New | +$226K |
|
114
Duke Energy
DUK
$96.1B
| $242K | 0.02% |
1,847
| – | – |
|
115
Intuit
INTU
$92B
| $238K | 0.02% |
550
| – | – |
|
116
Bunge Global
BG
$21.4B
| $236K | 0.02% |
+1,852
| New | +$215K |
|
117
Oneok
OKE
$57.7B
| $236K | 0.02% |
+2,606
| New | +$215K |
|
118
American International
AIG
$40.4B
| $235K | 0.02% |
3,124
| – | – |
|
119
Lam Research
LRCX
$390B
| $235K | 0.02% |
1,100
-190
| -15% | -$42.5K |
|
120
PepsiCo
PEP
$189B
| $233K | 0.02% |
1,498
| – | – |
|
121
SLB Ltd
SLB
$79.7B
| $230K | 0.02% |
+4,478
| New | +$217K |
|
122
Lowe's Companies
LOW
$124B
| $230K | 0.02% |
973
| – | – |
|
123
NextEra Energy
NEE
$179B
| $228K | 0.02% |
+2,460
| New | +$219K |
|
124
FirstEnergy
FE
$27.1B
| $228K | 0.02% |
4,496
| – | – |
|
125
Cboe Global Markets
CBOE
$29.5B
| $226K | 0.02% |
803
| – | – |
|
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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.