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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
NVS icon
126
Novartis
NVS
$297B
– –
-2,618
Closed -$400K
OKE icon
127
Oneok
OKE
$57.2B
– –
-2,606
Closed -$236K
ORCL icon
128
Oracle
ORCL
$374B
– –
-4,239
Closed -$624K
PEP icon
129
PepsiCo
PEP
$190B
– –
-1,498
Closed -$233K
PFE icon
130
Pfizer
PFE
$143B
– –
-10,118
Closed -$284K
PG icon
131
Procter & Gamble
PG
$336B
– –
-3,327
Closed -$481K
PLTR icon
132
Palantir
PLTR
$295B
– –
-7,954
Closed -$1.16M
PM icon
133
Philip Morris
PM
$297B
– –
-2,546
Closed -$421K
PSX icon
134
Phillips 66
PSX
$84.9B
– –
-1,815
Closed -$331K
PWR icon
135
Quanta Services
PWR
$100B
– –
-584
Closed -$321K
RTX icon
136
RTX Corp
RTX
$290B
– –
-3,418
Closed -$659K
SAN icon
137
Banco Santander
SAN
$202B
– –
-23,859
Closed -$269K
SLB icon
138
SLB Ltd
SLB
$73.6B
– –
-4,478
Closed -$230K
SMFG icon
139
Sumitomo Mitsui Financial
SMFG
$164B
– –
-12,699
Closed -$251K
SPG icon
140
Simon Property Group
SPG
$74.4B
– –
-1,123
Closed -$209K
STLD icon
141
Steel Dynamics
STLD
$36B
– –
-1,126
Closed -$203K
T icon
142
AT&T
T
$159B
– –
-6,939
Closed -$201K
TJX icon
143
TJX Companies
TJX
$174B
– –
-1,852
Closed -$296K
TM icon
144
Toyota
TM
$224B
– –
-1,226
Closed -$253K
TMUS icon
145
T-Mobile US
TMUS
$185B
– –
-1,054
Closed -$221K
TPL icon
146
Texas Pacific Land
TPL
$27.8B
– –
-615
Closed -$292K
TSLA icon
147
Tesla
TSLA
$1.23T
– –
-3,928
Closed -$1.46M
TTE icon
148
TotalEnergies
TTE
$195B
– –
-2,906
Closed -$264K
TXN icon
149
Texas Instruments
TXN
$252B
– –
-1,509
Closed -$293K
UBS icon
150
UBS Group
UBS
$173B
– –
-5,648
Closed -$221K
3 4 5
6
7

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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.