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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 | |
|---|---|---|---|---|---|---|
126
T-Mobile US
TMUS
$192B
| $221K | 0.02% |
1,054
| – | – |
|
127
British American Tobacco
BTI
$122B
| $221K | 0.02% |
3,786
| – | – |
|
128
UBS Group
UBS
$176B
| $221K | 0.02% |
5,648
-511
| -8% | -$21.9K |
|
129
Unilever
UL
$134B
| $216K | 0.02% |
3,790
| – | – |
|
130
American Tower
AMT
$79B
| $213K | 0.02% |
1,237
| – | – |
|
131
ENI
E
$80.3B
| $210K | 0.02% |
+3,701
| New | +$166K |
|
132
Simon Property Group
SPG
$71.2B
| $209K | 0.02% |
1,123
| – | – |
|
133
Hershey
HSY
$36.6B
| $209K | 0.02% |
+1,007
| New | +$212K |
|
134
Expeditors International
EXPD
$23B
| $209K | 0.02% |
1,458
| – | – |
|
135
Huntington Ingalls Industries
HII
$12.9B
| $205K | 0.02% |
+540
| New | +$222K |
|
136
Cadence Design Systems
CDNS
$90.2B
| $203K | 0.02% |
730
| – | – |
|
137
Steel Dynamics
STLD
$37.8B
| $203K | 0.02% |
1,126
-107
| -9% | -$19.5K |
|
138
AT&T
T
$168B
| $201K | 0.02% |
+6,939
| New | +$185K |
|
139
Mizuho Financial
MFG
$127B
| $141K | 0.01% |
17,819
-10,779
| -38% | -$91.3K |
|
140
Invivyd
IVVD
$203M
| $104K | 0.01% |
79,869
| – | – |
|
141
ICL Group
ICL
$6.89B
| $66.8K | 0.01% |
12,896
| – | – |
|
142
Rocket Pharmaceuticals
RCKT
$382M
| $40.6K | ﹤0.01% |
11,335
| – | – |
|
143
AbbVie
ABBV
$442B
| – | – |
-2,551
| Closed | -$583K |
|
144
PUT
Airbnb
ABNB
$111B
| – | – |
-60,100
| Closed | -$8.16M |
|
145
Abbott
ABT
$190B
| – | – |
-2,320
| Closed | -$291K |
|
146
Accenture
ACN
$110B
| – | – |
-862
| Closed | -$231K |
|
147
Adobe
ADBE
$105B
| – | – |
-673
| Closed | -$236K |
|
148
Advantage Solutions
ADV
$387M
| – | – |
-755
| Closed | -$16.6K |
|
149
GraniteShares Gold Shares
BAR
$1.47B
| – | – |
-181,946
| Closed | -$7.73M |
|
150
Boston Scientific
BSX
$74.2B
| – | – |
-2,636
| Closed | -$251K |
|
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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.