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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
+28.13%
1 Year Est. Return
-7.36%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.09B
AUM Growth
+$428M
Cap. Flow
+$226M
Cap. Flow %
20.7%
Top 10 Hldgs %
96.38%
Holding
49
New
7
Increased
2
Reduced
7
Closed
7

Top Buys

Rank Stock Value
1
COIN icon
Coinbase
COIN
+$188M
2
AFRM icon
Affirm
AFRM
+$6.79M
3
META icon
Meta Platforms (Facebook)
META
+$2.76M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$821K
5
NET icon
Cloudflare
NET
+$674K

Top Sells

Rank Stock Value
1
ABNB icon
Airbnb
ABNB
+$29.2M
2
XHLF icon
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
+$15.2M
3
CRM icon
Salesforce
CRM
+$8.31M
4
MSFT icon
Microsoft
MSFT
+$7.69M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$805K

Sector Composition

Rank Sector Weight
1 Financials 46.74%
2 Consumer Discretionary 11.09%
3 Technology 7.49%
4 Communication Services 0.7%
5 Healthcare 0.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COIN icon
1
Coinbase
COIN
$38.6B
$502M 45.92%
1,893,137
+1,044,207
+123% +$188M
ABNB icon
2
Airbnb
ABNB
$89.9B
$119M 10.93%
724,241
-192,600
-21% -$29.2M
XHLF icon
3
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.94B
$92.8M 8.49%
1,843,847
-302,671
-14% -$15.2M
OKTA icon
4
Okta
OKTA
$24.7B
$62.5M 5.72%
597,873
– –
MUB icon
5
iShares National Muni Bond ETF
MUB
$45.1B
$23.9M 2.18%
221,667
-6,887
-3% -$743K
VTEB icon
6
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
$22M 2.02%
435,683
– –
XHLF icon
7
PUT
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.94B
$12.5M 1.14%
+248,600
New +$12.5M
LYFT icon
8
PUT
Lyft
LYFT
$6.02B
$10.4M 0.95%
+536,700
New +$8.23M
MSFT icon
9
Microsoft
MSFT
$3.45T
$8.42M 0.77%
20,012
-19,000
-49% -$7.69M
AFRM icon
10
Affirm
AFRM
$23.9B
$7.17M 0.66%
192,535
+170,000
+754% +$6.79M
CRM icon
11
Salesforce
CRM
$151B
$4.07M 0.37%
13,528
-28,800
-68% -$8.31M
PINS icon
12
Pinterest
PINS
$13.4B
$3.41M 0.31%
98,473
– –
DOCN icon
13
DigitalOcean
DOCN
$13.7B
$3.27M 0.3%
85,580
– –
META icon
14
Meta Platforms (Facebook)
META
$1.42T
$3.01M 0.28%
+6,194
New +$2.76M
HOOD icon
15
Robinhood
HOOD
$77.8B
$1.79M 0.16%
88,871
– –
AMZN icon
16
Amazon
AMZN
$2.92T
$1.72M 0.16%
9,520
– –
CRWD icon
17
CrowdStrike
CRWD
$194B
$1.42M 0.13%
17,752
– –
GOOGL icon
18
Alphabet (Google) Class A
GOOGL
$4.36T
$870K 0.08%
+5,740
New +$821K
NET icon
19
Cloudflare
NET
$99B
$720K 0.07%
+7,440
New +$674K
SPY icon
20
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$648K 0.06%
1,239
– –
ASAN icon
21
Asana
ASAN
$1.92B
$611K 0.06%
39,465
– –
WVE icon
22
Wave Life Sciences
WVE
$1.09B
$479K 0.04%
77,619
– –
IVVD icon
23
Invivyd
IVVD
$158M
$355K 0.03%
79,869
– –
NFLX icon
24
Netflix
NFLX
$299B
$341K 0.03%
5,620
– –
RCKT icon
25
Rocket Pharmaceuticals
RCKT
$340M
$305K 0.03%
11,335
– –
1
2

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GX
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HCA
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NHAS
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FLII
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HTHT
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a16z Perennial Management's Q1 2024 Portfolio in Review

As of Q1 2024, a16z Perennial Management held 49 positions worth $1.09B, up 64% from $666M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

a16z Perennial Management deployed $226M of net new capital in Q1 2024, opening 7 new positions and adding to 2 existing holdings. Its largest new stake was Meta Platforms (Facebook): 6,194 shares worth $3.01M.

By sector, the portfolio is most concentrated in Financials at 47% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Airbnb, an estimated $29.2M trimmed.

  • a16z Perennial Management's largest Q1 2024 buy was Meta Platforms (Facebook): 6,194 shares worth $3.01M.
  • a16z Perennial Management added most to Coinbase in Q1 2024, an estimated $188M increase.
  • a16z Perennial Management's biggest Q1 2024 reduction was Airbnb, cutting an estimated $29.2M.
  • a16z Perennial Management fully exited Alphabet (Google) Class C in Q1 2024, selling an estimated $805K.
  • a16z Perennial Management's ten largest holdings make up 96% of its $1.09B portfolio in Q1 2024.
  • a16z Perennial Management opened 7 new positions and closed 7 in Q1 2024.
  • a16z Perennial Management's portfolio value rose 64% quarter-over-quarter to $1.09B.

Based on a16z Perennial Management's 13F filing for Q1 2024, filed 10 May 2024.