a16z Capital Management, L.L.C. SEC 13F Filing (Q2 2026) — Holdings & Portfolio
a16z Capital Management, L.L.C.CIK: 0001540358
High-turnover traderConcentrated strategySector-focused
Total reported value
$14.2B
Reporting period: 2026-06-30 · Number of holdings: 19
a16z Capital Management, L.L.C. disclosed 19 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $14.2B and a quarterly turnover rate of 174.2%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 38
- Sizing Uniformity
- 60.98
a16z Capital Management, L.L.C.'s disclosed holdings carry a Herfindahl concentration index of 0.812 — mathematically equivalent to about 1 equally-sized positions, well below its 19 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.90), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 22.5 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Sector classification currently covers about 3% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy 84615Q103
Trim FIG
-62.6% -$230.2M
Trim NAVN
0.0% $271.7M
Trim META
0.0% -$1.9M
Trim RVMD
0.0% $82.9M
Trim NAUT
-48.7% -$51.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ✓ | Stock-Other | 89.97% | +89.97% | NEW | ||
| 2 | NAVN | Navan Inc-cl A | Stock-Other | 4.54% | -24.41% | — | |
| 3 | RVMD | Revolution Medicines Inc | Stock-Healthcare | 1.21% | -5.73% | — | |
| 4 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.84% | -8.58% | — | |
| 5 | FIG | Figma Inc-cl A | Stock-Other | 0.76% | -25.47% | -62.63% | |
| 6 | BIOA | Bioage Labs Inc | Stock-Other | 0.56% | -3.82% | — | |
| 7 | XYZ | Block Inc | Stock-Financials | 0.54% | -4.20% | — | |
| 8 | ERAS | Erasca Inc | Stock-Other | 0.37% | -3.22% | — | |
| 9 | MAZE | Maze Therapeutics Inc | Stock-Other | 0.36% | -3.58% | — | |
| 10 | DMRA | Damora Therapeutics Inc | Stock-Other | 0.23% | -2.25% | — | |
| 11 | OMDA | Omada Health Inc | Stock-Other | 0.18% | -2.07% | -50.00% | |
| 12 | NAUT | Nautilus Biotechnology Inc | Stock-Other | 0.12% | -5.19% | -48.66% | |
| 13 | RBLX | Roblox CORP -class A | Stock-Comm Services | 0.11% | +0.10% | NEW | |
| 14 | AKTS | Aktis Oncology Inc | Stock-Other | 0.09% | -0.49% | — | |
| 15 | CAMP | Camp4 Therapeutics CORP | Stock-Other | 0.07% | -0.66% | — | |
| 16 | BTGO | Bitgo Holdings Inc-cl A | Stock-Other | 0.02% | -0.40% | — | |
| 17 | ✓ | Stock-Other | 0.02% | +0.02% | NEW | ||
| 18 | DNA | Ginkgo Bioworks Holdings Inc | Stock-Other | 0.01% | -0.04% | — | |
| 19 | IPST | Ip Strategy Holdings Inc | Stock-Other | — | — | NEW |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q3 2026
+16.8%
Performance Last 4 Quarters
+113.2%
- Stdev
- +34.4%
- Beta
- +1.8
- Alpha
- +29.5%
- Max Drawdown
- -18.2%
- Annualized Perf
- +74.9%
- Batting Avg vs S&P
- +60%
- Sortino
- +4.19
- Stutzer
- +0.54
- Treynor
- +0.35
- Sterling
- +3.26
- Calmar
- +4.12
- Information Ratio
- +1.56
- Tracking Error
- +28.3%
- Stdev Down
- +14.9%
- Winning Months %
- +76.7%
- Losing Months %
- +23.3%
- Best 12 Months
- +113.2%
- Worst 12 Months
- +30.8%
- Efficiency Ratio
- +1.14
- Sharpe
- +1.82
- Stdev Sectors
- +10.2%
- Skewness
- +0.07
- Kurtosis
- -0.4
- Upside Potential
- +5.68
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
a16z Capital Management, L.L.C.'s most significant position changes for 2026-06-30: New buy: ; New buy: Roblox CORP -class A (RBLX); New buy: ; Sold out: Heritage Distilling Hldg; New buy: Ip Strategy Holdings Inc (IPST).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +90% | NEW | New buy | |
| 2 | RBLX | Roblox CORP -class A | +0.1% | NEW | New buy |
| 3 | ✓ | 0% | NEW | New buy | |
| 4 | ✓ | Heritage Distilling Hldg | — | EXIT | Sold out |
| 5 | IPST | Ip Strategy Holdings Inc | — | NEW | New buy |
| 6 | DNA | Ginkgo Bioworks Holdings Inc | 0% | — | Unchanged |
| 7 | BTGO | Bitgo Holdings Inc-cl A | -0.4% | — | Unchanged |
| 8 | AKTS | Aktis Oncology Inc | -0.5% | — | Unchanged |
| 9 | CAMP | Camp4 Therapeutics CORP | -0.7% | — | Unchanged |
| 10 | OMDA | Omada Health Inc | -2.1% | -50.00% | Trim |
| 11 | DMRA | Damora Therapeutics Inc | -2.3% | — | Unchanged |
| 12 | ERAS | Erasca Inc | -3.2% | — | Unchanged |
| 13 | MAZE | Maze Therapeutics Inc | -3.6% | — | Unchanged |
| 14 | BIOA | Bioage Labs Inc | -3.8% | — | Unchanged |
| 15 | XYZ | Block Inc | -4.2% | — | Unchanged |
| 16 | NAUT | Nautilus Biotechnology Inc | -5.2% | -48.66% | Trim |
| 17 | RVMD | Revolution Medicines Inc | -5.7% | — | Unchanged |
| 18 | META | Meta Platforms Inc-class A | -8.6% | — | Unchanged |
| 19 | NAVN | Navan Inc-cl A | -24.4% | — | Unchanged |
| 20 | FIG | Figma Inc-cl A | -25.5% | -62.63% | Trim |
Filing History
FAQ
What is a16z Capital Management, L.L.C. and what type of investor is it?
a16z Capital Management, L.L.C. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $14.2B, spread across 19 disclosed positions.
What are a16z Capital Management, L.L.C.'s largest equity positions?
Based on the latest 13F filing, a16z Capital Management, L.L.C.'s top holdings by market value are:
1. — $12.8B (90.0%)
2. Navan Inc-cl A (NAVN) — $645.4M (4.5%)
3. Revolution Medicines Inc (RVMD) — $172.5M (1.2%)
4. Meta Platforms Inc-class A (META) — $119.7M (0.8%)
5. Figma Inc-cl A (FIG) — $108.2M (0.8%)
What changes did a16z Capital Management, L.L.C. make in its most recent portfolio filing?
In the latest reported quarter, a16z Capital Management, L.L.C. made 8 notable position adjustments: 4 new positions were initiated, 0 existing holdings were added to, 3 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: ; New buy: Roblox CORP -class A (RBLX); New buy: ; Sold out: Heritage Distilling Hldg; New buy: Ip Strategy Holdings Inc (IPST)
What sectors does a16z Capital Management, L.L.C. focus on?
a16z Capital Management, L.L.C. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 44.9%
• Communication Services: 35.0%
• Financials: 20.1%
Investment Profile
a16z Capital Management, L.L.C. returned an annualized 74.9% over the trailing 30 months — outperforming the S&P 500 by 29.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.80 (more volatile than the market) and a 60% quarterly batting average against the index.
Its portfolio is concentrated and fast-trading, with 44.9% of the portfolio concentrated in Health Care.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
It has added to its RVMD position over the past two quarters (+$99.1M, now $172.5M), while trimming FIG over the same stretch (-$498.9M, still holding $108.2M).
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Developer Access
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