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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
Cap. Flow
+$59.2M
Cap. Flow %
4.92%
Top 10 Hldgs %
78.12%
Holding
179
New
29
Increased
9
Reduced
40
Closed
27

Top Buys

Rank Stock Value
1
IOT icon
Samsara
IOT
+$132M
2
VOO icon
Vanguard S&P 500 ETF
VOO
+$43.3M
3
AXP icon
American Express
AXP
+$38.9M
4
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$32.1M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$4.39M

Top Sells

Rank Stock Value
1
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$47.4M
2
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$20.2M
3
HOOD icon
Robinhood
HOOD
+$8.78M
4
EWJ icon
iShares MSCI Japan ETF
EWJ
+$8M
5
RVMD icon
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
COIN icon
1
Coinbase
COIN
$38.6B
$257M 21.33%
1,470,995
+9,838
+0.7% +$1.94M
NU icon
2
Nu Holdings
NU
$69.2B
$199M 16.53%
13,858,300
+109,900
+0.8% +$1.78M
IOT icon
3
Samsara
IOT
$21.7B
$190M 15.76%
5,989,876
+4,327,721
+260% +$132M
XHLF icon
4
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.94B
$70.1M 5.82%
1,392,000
– –
AVGO icon
5
Broadcom
AVGO
$1.85T
$44.4M 3.69%
143,531
-918
-0.6% -$302K
VOO icon
6
Vanguard S&P 500 ETF
VOO
$979B
$41.3M 3.43%
+69,192
New +$43.3M
ABNB icon
7
Airbnb
ABNB
$89.9B
$37.8M 3.14%
299,493
-20,375
-6% -$2.65M
AXP icon
8
American Express
AXP
$227B
$35.3M 2.93%
116,708
+116,030
+17,114% +$38.9M
HOOD icon
9
Robinhood
HOOD
$77.8B
$34.3M 2.84%
494,352
-100,070
-17% -$8.78M
AGG icon
10
iShares Core US Aggregate Bond ETF
AGG
$137B
$31.9M 2.65%
+321,231
New +$32.1M
META icon
11
Meta Platforms (Facebook)
META
$1.42T
$31.5M 2.62%
55,136
-4,766
-8% -$3.05M
IVV icon
12
iShares Core S&P 500 ETF
IVV
$878B
$29.6M 2.45%
45,250
– –
OKTA icon
13
Okta
OKTA
$24.7B
$26.4M 2.19%
335,780
-40,430
-11% -$3.36M
VEA icon
14
Vanguard FTSE Developed Markets ETF
VEA
$229B
$24.2M 2.01%
377,003
-593
-0.2% -$39.1K
VTI icon
15
Vanguard Morningstar Total Stock Market ETF
VTI
$660B
$14.4M 1.2%
44,959
-60,182
-57% -$20.2M
JAAA icon
16
Janus Henderson AAA CLO ETF
JAAA
$29B
$11.9M 0.99%
237,152
+103
+0% +$5.21K
RVMD icon
17
Revolution Medicines
RVMD
$39.9B
$10.1M 0.84%
104,214
-78,704
-43% -$7.95M
AAPL icon
18
Apple
AAPL
$4.54T
$6.55M 0.54%
25,820
+900
+4% +$234K
DIS icon
19
Walt Disney
DIS
$167B
$6.53M 0.54%
67,804
– –
NVDA icon
20
NVIDIA
NVDA
$4.86T
$6.49M 0.54%
37,215
-2,214
-6% -$406K
RBLX icon
21
Roblox
RBLX
$25.4B
$6.41M 0.53%
113,394
-153
-0.1% -$10.3K
AMZN icon
22
Amazon
AMZN
$2.92T
$5.01M 0.42%
24,069
– –
AFRM icon
23
Affirm
AFRM
$23.9B
$4.73M 0.39%
103,220
– –
MSFT icon
24
Microsoft
MSFT
$3.45T
$4.13M 0.34%
11,151
– –
GOOGL icon
25
Alphabet (Google) Class A
GOOGL
$4.36T
$4.02M 0.33%
+13,980
New +$4.39M
1
2 3 4 5

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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.