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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
-6.89%
1 Year Est. Return
-7.36%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.1B
AUM Growth
+$6.74M
Cap. Flow
+$89.9M
Cap. Flow %
8.17%
Top 10 Hldgs %
95.6%
Holding
53
New
11
Increased
1
Reduced
8
Closed
7

Top Buys

Rank Stock Value
1
NU icon
Nu Holdings
NU
+$179M
2
RBLX icon
Roblox
RBLX
+$11.3M
3
HYGH icon
iShares Interest Rate Hedged High Yield Bond ETF
HYGH
+$1.61M
4
CLOZ icon
Panagram BBB-B CLO ETF
CLOZ
+$1.61M
5
CART icon
Maplebear
CART
+$631K

Top Sells

Rank Stock Value
1
ABNB icon
Airbnb
ABNB
+$16.2M
2
XHLF icon
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
+$16M
3
COIN icon
Coinbase
COIN
+$7.06M
4
DOCN icon
DigitalOcean
DOCN
+$2.94M
5
ASAN icon
Asana
ASAN
+$611K

Sector Composition

Rank Sector Weight
1 Financials 56.32%
2 Consumer Discretionary 8.74%
3 Technology 6.49%
4 Communication Services 1.88%
5 Healthcare 0.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COIN icon
1
Coinbase
COIN
$38.5B
$414M 37.63%
1,862,462
-30,675
-2% -$7.06M
NU icon
2
Nu Holdings
NU
$69.2B
$198M 18.02%
+15,378,500
New +$179M
COIN icon
3
PUT
Coinbase
COIN
$38.5B
$126M 11.44%
+566,000
New +$130M
ABNB icon
4
Airbnb
ABNB
$89.9B
$93.7M 8.52%
618,131
-106,110
-15% -$16.2M
XHLF icon
5
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.94B
$76.7M 6.97%
1,524,683
-319,164
-17% -$16M
OKTA icon
6
Okta
OKTA
$24.7B
$56M 5.09%
597,873
– –
ABNB icon
7
PUT
Airbnb
ABNB
$89.9B
$29.9M 2.72%
+197,000
New +$30.1M
MUB icon
8
iShares National Muni Bond ETF
MUB
$45.1B
$23.6M 2.15%
221,667
– –
VTEB icon
9
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
$21.8M 1.99%
435,683
– –
RBLX icon
10
Roblox
RBLX
$25.5B
$11.8M 1.08%
+318,277
New +$11.3M
MSFT icon
11
Microsoft
MSFT
$3.45T
$8.94M 0.81%
20,012
– –
AFRM icon
12
Affirm
AFRM
$23.9B
$5.29M 0.48%
175,120
-17,415
-9% -$559K
AFRM icon
13
PUT
Affirm
AFRM
$23.9B
$5.14M 0.47%
+170,000
New +$5.45M
MSFT icon
14
PUT
Microsoft
MSFT
$3.45T
$4.47M 0.41%
+10,000
New +$4.22M
PINS icon
15
Pinterest
PINS
$13.4B
$4.34M 0.39%
98,473
– –
CRM icon
16
Salesforce
CRM
$151B
$3.48M 0.32%
13,528
– –
META icon
17
Meta Platforms (Facebook)
META
$1.42T
$3.12M 0.28%
6,194
– –
HOOD icon
18
Robinhood
HOOD
$77.8B
$2.02M 0.18%
88,871
– –
AMZN icon
19
Amazon
AMZN
$2.92T
$1.84M 0.17%
9,520
– –
CRWD icon
20
CrowdStrike
CRWD
$194B
$1.7M 0.15%
17,752
– –
CLOZ icon
21
Panagram BBB-B CLO ETF
CLOZ
$784M
$1.62M 0.15%
+59,988
New +$1.61M
HYGH icon
22
iShares Interest Rate Hedged High Yield Bond ETF
HYGH
$593M
$1.61M 0.15%
+18,948
New +$1.61M
SPY icon
23
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$674K 0.06%
1,239
– –
NET icon
24
Cloudflare
NET
$99B
$616K 0.06%
7,440
– –
CART icon
25
Maplebear
CART
$10.5B
$596K 0.05%
18,558
+18,336
+8,259% +$631K
1
2 3

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GX
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NHAS
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a16z Perennial Management's Q2 2024 Portfolio in Review

As of Q2 2024, a16z Perennial Management held 53 positions worth $1.1B, up 0.62% from $1.09B the previous quarter. Its ten largest holdings account for 96% of the portfolio.

a16z Perennial Management deployed $89.9M of net new capital in Q2 2024, opening 11 new positions and adding to 1 existing holding. Its largest new stake was Nu Holdings: 15,378,500 shares worth $198M.

By sector, the portfolio is most concentrated in Financials at 56% of assets, up from 47% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Airbnb, an estimated $16.2M trimmed.

  • a16z Perennial Management's largest Q2 2024 buy was Nu Holdings: 15,378,500 shares worth $198M.
  • a16z Perennial Management added most to Maplebear in Q2 2024, an estimated $631K increase.
  • a16z Perennial Management's biggest Q2 2024 reduction was Airbnb, cutting an estimated $16.2M.
  • a16z Perennial Management fully exited Asana in Q2 2024, selling an estimated $611K.
  • a16z Perennial Management's ten largest holdings make up 96% of its $1.1B portfolio in Q2 2024.
  • a16z Perennial Management opened 11 new positions and closed 7 in Q2 2024.
  • a16z Perennial Management's portfolio value rose 0.62% quarter-over-quarter to $1.1B.

Based on a16z Perennial Management's 13F filing for Q2 2024, filed 23 Jul 2024.