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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
+0.4%
1 Year Est. Return
-7.36%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$861M
AUM Growth
-$239M
Cap. Flow
-$239M
Cap. Flow %
-27.78%
Top 10 Hldgs %
90.74%
Holding
55
New
9
Increased
6
Reduced
11
Closed
6

Top Buys

Rank Stock Value
1
CMF icon
iShares California Muni Bond ETF
CMF
+$13M
2
IOT icon
Samsara
IOT
+$9.2M
3
CART icon
Maplebear
CART
+$6.87M
4
RDDT icon
Reddit
RDDT
+$2.79M
5
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$2.2M

Top Sells

Rank Stock Value
1
COIN icon
Coinbase
COIN
+$414M
2
MUB icon
iShares National Muni Bond ETF
MUB
+$23.6M
3
NU icon
Nu Holdings
NU
+$13.7M
4
ABNB icon
Airbnb
ABNB
+$9.92M
5
XHLF icon
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
+$6.67M

Sector Composition

Rank Sector Weight
1 Financials 23.65%
2 Consumer Discretionary 9.19%
3 Technology 7.91%
4 Communication Services 2.52%
5 Healthcare 0.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NU icon
1
Nu Holdings
NU
$69.2B
$196M 22.76%
14,359,500
-1,019,000
-7% -$13.7M
XHLF icon
2
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.94B
$70.2M 8.15%
1,392,000
-132,683
-9% -$6.67M
ABNB icon
3
Airbnb
ABNB
$89.9B
$68.7M 7.97%
541,631
-76,500
-12% -$9.92M
OKTA icon
4
Okta
OKTA
$24.7B
$44.4M 5.16%
597,873
– –
CMF icon
5
iShares California Muni Bond ETF
CMF
$4.55B
$24.4M 2.83%
+226,366
New +$13M
VTEB icon
6
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
$22.3M 2.59%
435,683
– –
ABNB icon
7
PUT
Airbnb
ABNB
$89.9B
$18.6M 2.16%
146,500
-50,500
-26% -$6.55M
IOT icon
8
Samsara
IOT
$21.7B
$11M 1.28%
229,586
+227,020
+8,847% +$9.2M
IOT icon
9
PUT
Samsara
IOT
$21.7B
$11M 1.28%
+229,400
New +$9.3M
RBLX icon
10
Roblox
RBLX
$25.5B
$10.8M 1.25%
243,118
-75,159
-24% -$3.14M
CART icon
11
Maplebear
CART
$10.5B
$8.72M 1.01%
214,160
+195,602
+1,054% +$6.87M
MSFT icon
12
Microsoft
MSFT
$3.45T
$7.62M 0.88%
17,712
-2,300
-11% -$983K
MSFT icon
13
PUT
Microsoft
MSFT
$3.45T
$7.62M 0.88%
17,700
+7,700
+77% +$3.29M
AFRM icon
14
Affirm
AFRM
$23.9B
$5.57M 0.65%
136,520
-38,600
-22% -$1.28M
META icon
15
Meta Platforms (Facebook)
META
$1.42T
$3.55M 0.41%
6,194
– –
PINS icon
16
Pinterest
PINS
$13.4B
$3.19M 0.37%
98,473
– –
RDDT icon
17
Reddit
RDDT
$27.1B
$2.98M 0.35%
+45,200
New +$2.79M
CRM icon
18
Salesforce
CRM
$151B
$2.64M 0.31%
9,628
-3,900
-29% -$999K
AFRM icon
19
PUT
Affirm
AFRM
$23.9B
$2.46M 0.29%
60,300
-109,700
-65% -$3.64M
LQD icon
20
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$2.25M 0.26%
+19,876
New +$2.2M
RDDT icon
21
PUT
Reddit
RDDT
$27.1B
$2.22M 0.26%
+33,700
New +$2.08M
HOOD icon
22
Robinhood
HOOD
$77.8B
$2.08M 0.24%
88,871
– –
HYGH icon
23
iShares Interest Rate Hedged High Yield Bond ETF
HYGH
$593M
$1.89M 0.22%
21,915
+2,967
+16% +$252K
AMZN icon
24
Amazon
AMZN
$2.92T
$1.77M 0.21%
9,520
– –
CLOZ icon
25
Panagram BBB-B CLO ETF
CLOZ
$784M
$1.52M 0.18%
56,398
-3,590
-6% -$96.3K
1
2 3

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CCA
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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 Q3 2024 Portfolio in Review

As of Q3 2024, a16z Perennial Management held 55 positions worth $861M, down 22% from $1.1B the previous quarter. Its ten largest holdings account for 91% of the portfolio.

a16z Perennial Management withdrew a net $239M in Q3 2024, closing 6 positions and reducing 11 holdings. Its most notable exit was Coinbase, an estimated $414M position sold in full.

By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 56% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, a16z Perennial Management opened a new position in iShares California Muni Bond ETF worth $24.4M.

  • a16z Perennial Management's largest Q3 2024 buy was iShares California Muni Bond ETF: 226,366 shares worth $24.4M.
  • a16z Perennial Management added most to Samsara in Q3 2024, an estimated $9.2M increase.
  • a16z Perennial Management's biggest Q3 2024 reduction was Nu Holdings, cutting an estimated $13.7M.
  • a16z Perennial Management fully exited Coinbase in Q3 2024, selling an estimated $414M.
  • a16z Perennial Management's ten largest holdings make up 91% of its $861M portfolio in Q3 2024.
  • a16z Perennial Management opened 9 new positions and closed 6 in Q3 2024.
  • a16z Perennial Management's portfolio value fell 22% quarter-over-quarter to $861M.

Based on a16z Perennial Management's 13F filing for Q3 2024, filed 25 Oct 2024.