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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 | |
|---|---|---|---|---|---|---|
151
PUT
Maplebear
CART
$11.4B
| – | – |
-37,600
| Closed | -$1.69M |
|
152
Constellation Energy
CEG
$98.6B
| – | – |
-668
| Closed | -$236K |
|
|
CFLT
153
DELISTED
Confluent
CFLT
| – | – |
-23,532
| Closed | -$712K |
|
154
PUT
Coinbase
COIN
$39.2B
| – | – |
-125,000
| Closed | -$28.3M |
|
155
PUT
DigitalOcean
DOCN
$14.2B
| – | – |
-138,200
| Closed | -$6.65M |
|
|
156
iShares MSCI Japan ETF
EWJ
$22.7B
| – | – |
-118,984
| Closed | -$8M |
|
157
Haleon
HLN
$43.7B
| – | – |
-10,097
| Closed | -$102K |
|
|
158
PUT
Robinhood
HOOD
$84.9B
| – | – |
-22,100
| Closed | -$2.5M |
|
|
159
iShares Core MSCI Europe ETF
IEUR
$9.14B
| – | – |
-853,180
| Closed | -$47.4M |
|
160
ING
ING
$101B
| – | – |
-7,452
| Closed | -$209K |
|
|
161
PUT
Samsara
IOT
$23.5B
| – | – |
-615,500
| Closed | -$21.8M |
|
162
Lloyds Banking Group
LYG
$88.5B
| – | – |
-12,345
| Closed | -$65.4K |
|
|
NVO
163
Novo Nordisk
NVO
$207B
| – | – |
-5,176
| Closed | -$263K |
|
164
PUT
Okta
OKTA
$26.1B
| – | – |
-17,700
| Closed | -$1.53M |
|
165
SAP
SAP
$242B
| – | – |
-1,544
| Closed | -$375K |
|
166
S&P Global
SPGI
$120B
| – | – |
-426
| Closed | -$223K |
|
167
Thermo Fisher Scientific
TMO
$224B
| – | – |
-346
| Closed | -$200K |
|
168
Reddit
RDDT
$30.1B
| – | – |
-1,126
| Closed | -$259K |
|
|
CRCL
169
Circle Internet Group
CRCL
$18.1B
| – | – |
-5,027
| Closed | -$399K |
|
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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.