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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
(+2.7%)
Cap. Flow
+$8.19M
Cap. Flow
% of AUM
0.66%
Top 10 Holdings %
Top 10 Hldgs %
78.45%
Holding
173
New
21
Increased
11
Reduced
21
Closed
110
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$52.1M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$29.1M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$20.2M |
| 4 |
SPDR Gold MiniShares Trust
GLDM
|
+$17.7M |
| 5 |
RPAR Risk Parity ETF
RPAR
|
+$16.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
|
+$70.1M |
| 2 |
Okta
OKTA
|
+$21.9M |
| 3 |
Samsara
IOT
|
+$20M |
| 4 |
American Express
AXP
|
+$18.2M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
151
Ubiquiti
UI
$33.7B
| – | – |
-1,058
| Closed | -$836K |
|
152
Unilever
UL
$137B
| – | – |
-3,790
| Closed | -$216K |
|
153
UnitedHealth
UNH
$376B
| – | – |
-1,879
| Closed | -$508K |
|
154
Visa
V
$684B
| – | – |
-1,602
| Closed | -$484K |
|
155
Western Digital
WDC
$188B
| – | – |
-1,771
| Closed | -$479K |
|
156
Wells Fargo
WFC
$261B
| – | – |
-6,747
| Closed | -$537K |
|
157
Walmart Inc
WMT
$885B
| – | – |
-10,657
| Closed | -$1.32M |
|
|
158
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.94B
| – | – |
-1,392,000
| Closed | -$70.1M |
|
159
ExxonMobil
XOM
$644B
| – | – |
-6,074
| Closed | -$1.03M |
|
160
GE Vernova
GEV
$264B
| – | – |
-980
| Closed | -$855K |
|
|
SNDK
161
Sandisk
SNDK
$180B
| – | – |
-590
| Closed | -$375K |
|
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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.