CIK: 0002009275
Total reported value
$1.2B
Reporting period: 2026-03-31 · Number of holdings: 152
a16z Perennial Management, L.P. disclosed 152 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.2B and a quarterly turnover rate of 46.9%.
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a16z Perennial Management, L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.110 — mathematically equivalent to about 9 equally-sized positions, well below its 152 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 3.97), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.9 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Add IOT
+163.0% $109.1M
Trim COIN
-7.3% -$101.8M
Trim VTI
-57.2% -$40.3M
Add AXP
+17113.6% $35.1M
Trim HOOD
-19.8% -$35.5M
Trim DOCN
-93.4% -$11.9M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | COIN | Coinbase Global INC -class A | Stock-Financials | 21.33% | -5.62% | -7.26% | |
| 2 | NU | Nu Holdings Ltd. | Stock-Financials | 16.53% | -0.76% | +0.80% | |
| 3 | IOT | Samsara Inc-cl A | Stock-Tech | 15.76% | +9.69% | +162.98% | |
| 4 | XHLF | Bondbloxx Bbg 6 Mth US Treas | ETF-Other | 5.82% | — | — | |
| 5 | AVGO | Broadcom INC | Stock-Tech | 3.69% | -0.07% | -0.64% | |
| 6 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 3.43% | +3.43% | NEW | |
| 7 | ABNB | Airbnb Inc-class A | Stock-Consumer Disc | 3.14% | -0.73% | -21.18% | |
| 8 | AXP | American Express Co | Stock-Financials | 2.93% | +2.91% | +17113.57% | |
| 9 | HOOD | Robinhood Markets INC - A | Stock-Financials | 2.84% | -2.40% | -19.82% | |
| 10 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 2.65% | +2.65% | NEW | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.62% | -0.35% | -7.96% | |
| 12 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 2.45% | +0.12% | — | |
| 13 | OKTA | Okta INC | Stock-Tech | 2.19% | -0.37% | -14.76% | |
| 14 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 2.01% | +0.24% | -0.16% | |
| 15 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.20% | -2.91% | -57.24% | |
| 16 | JAAA | Janus Henderson Aaa Clo ETF | ETF-Other | 0.99% | — | +0.04% | |
| 17 | RVMD | Revolution Medicines INC | Stock-Healthcare | 0.84% | -0.25% | -43.03% | |
| 18 | AAPL | Apple INC | Stock-Tech | 0.54% | — | +3.61% | |
| 19 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.54% | -0.04% | — | |
| 20 | NVDA | Nvidia CORP | Stock-Tech | 0.54% | -0.01% | -5.62% | |
| 21 | RBLX | Roblox CORP -class A | Stock-Comm Services | 0.53% | -0.16% | -0.13% | |
| 22 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.42% | — | — | |
| 23 | AFRM | Affirm Holdings INC | Stock-Financials | 0.39% | -0.19% | — | |
| 24 | MSFT | Microsoft CORP | Stock-Tech | 0.34% | -0.07% | — | |
| 25 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.33% | +0.33% | NEW | |
| 26 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.29% | -0.37% | -56.41% | |
| 27 | GOVT | Ishares US Treasury Bond ETF | ETF-Gov Bonds | 0.21% | +0.21% | NEW | |
| 28 | OMDA | Omada Health INC | Stock-Other | 0.20% | — | +22.49% | |
| 29 | CRWD | Crowdstrike Holdings INC - A | Stock-Tech | 0.19% | -0.01% | +3.41% | |
| 30 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.18% | -0.05% | -0.02% | |
| 31 | BITB | Bitwise Bitcoin ETF | ETF-Crypto | 0.15% | -0.03% | — | |
| 32 | PINS | Pinterest Inc- Class A | Stock-Comm Services | 0.15% | -0.33% | -59.82% | |
| 33 | DOCN | Digitalocean Holdings INC | Stock-Tech | 0.13% | -0.88% | -93.36% | |
| 34 | CART | Maplebear INC | Stock-Consumer Disc | 0.13% | -0.16% | -51.16% | |
| 35 | TSLA | Tesla INC | Stock-Consumer Disc | 0.12% | -0.03% | -8.97% | |
| 36 | NFLX | Netflix INC | Stock-Comm Services | 0.12% | — | -7.96% | |
| 37 | WMT | Walmart INC | Stock-Consumer Staples | 0.11% | — | -5.71% | |
| 38 | ✓ | Airbnb INC | Stock-Other | 0.10% | +0.10% | NEW | |
| 39 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.10% | -0.02% | -13.13% | |
| 40 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.09% | -0.02% | -10.09% | |
| 41 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.09% | — | — | |
| 42 | GE | General Electric | Stock-Industrials | 0.09% | — | -7.51% | |
| 43 | GS | Goldman Sachs Group INC | Stock-Financials | 0.09% | — | -6.67% | |
| 44 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 0.09% | — | — | |
| 45 | XOM | Exxon Mobil CORP | Stock-Energy | 0.09% | +0.04% | — | |
| 46 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.07% | — | — | |
| 47 | GEV | GE Vernova INC | Stock-Industrials | 0.07% | — | -14.49% | |
| 48 | MS | Morgan Stanley | Stock-Financials | 0.07% | — | — | |
| 49 | UI | Ubiquiti INC | Stock-Tech | 0.07% | — | — | |
| 50 | MU | Micron Technology INC | Stock-Tech | 0.07% | — | -8.35% |
Performance for Q3 2026
-3.3%
Performance Last 4 Quarters
-9.4%
Based on 73% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 152 | $1.2B | 47 | |
| 2025-12-31 | 156 | $1.3B | 100 | |
| 2025-09-30 | 144 | $1.3B | 100 | |
| 2025-06-30 | 54 | $1.3B | 0 | |
| 2025-03-31 | 51 | $871.3M | 0 | |
| 2024-12-31 | 51 | $896.8M | 0 | |
| 2024-09-30 | 52 | $861.3M | 0 | |
| 2024-06-30 | 46 | $1.1B | 0 | |
| 2024-03-31 | 43 | $1.1B | 0 | |
| 2023-12-31 | 47 | $665.5M | 0 |
a16z Perennial Management, L.P.'s most significant position changes for 2026-03-31: Sold out: Ishares Core Msci Europe ETF (IEUR); New buy: Vanguard S&p 500 ETF (VOO); New buy: Ishares Core U.s. Aggregate (AGG); Sold out: Ishares Msci Japan ETF (EWJ); Sold out: Graniteshares Gold Trust (BAR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IOT | Samsara Inc-cl A | +9.7% | +162.98% | Add |
| 2 | AXP | American Express Co | +2.9% | +17113.57% | Add |
| 3 | VEA | Vanguard Ftse Developed ETF | +0.2% | -0.16% | Trim |
| 4 | IVV | Ishares Core S&p 500 ETF | +0.1% | — | Unchanged |
| 5 | XOM | Exxon Mobil CORP | 0% | — | Unchanged |
| 6 | AMZN | Amazon.com INC | — | — | Unchanged |
| 7 | NVDA | Nvidia CORP | 0% | -5.62% | Trim |
| 8 | CRWD | Crowdstrike Holdings INC - A | 0% | +3.41% | Add |
| 9 | PLTR | Palantir Technologies Inc-a | 0% | -13.13% | Trim |
| 10 | LLY | Eli Lilly & Co | 0% | -10.09% | Trim |
| 11 | BITB | Bitwise Bitcoin ETF | 0% | — | Unchanged |
| 12 | TSLA | Tesla INC | 0% | -8.97% | Trim |
| 13 | DIS | Walt Disney Co/the | 0% | — | Unchanged |
| 14 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -0.02% | Trim |
| 15 | WVE | Wave Life Sciences Ltd. | -0.1% | — | Unchanged |
| 16 | AVGO | Broadcom INC | -0.1% | -0.64% | Trim |
| 17 | MSFT | Microsoft CORP | -0.1% | — | Unchanged |
| 18 | RBLX | Roblox CORP -class A | -0.2% | -0.13% | Trim |
| 19 | CART | Maplebear INC | -0.2% | -51.16% | Trim |
| 20 | AFRM | Affirm Holdings INC | -0.2% | — | Unchanged |
| 21 | DASH | Doordash INC - A | -0.2% | -78.33% | Trim |
| 22 | RVMD | Revolution Medicines INC | -0.3% | -43.03% | Trim |
| 23 | PINS | Pinterest Inc- Class A | -0.3% | -59.82% | Trim |
| 24 | META | Meta Platforms Inc-class A | -0.4% | -7.96% | Trim |
| 25 | OKTA | Okta INC | -0.4% | -14.76% | Trim |
| 26 | GOOG | Alphabet Inc-cl C | -0.4% | -56.41% | Trim |
| 27 | ABNB | Airbnb Inc-class A | -0.7% | -21.18% | Trim |
| 28 | NU | Nu Holdings Ltd. | -0.8% | +0.80% | Add |
| 29 | DOCN | Digitalocean Holdings INC | -0.9% | -93.36% | Trim |
| 30 | HOOD | Robinhood Markets INC - A | -2.4% | -19.82% | Trim |
| 31 | VTI | Vanguard Total Stock Mkt ETF | -2.9% | -57.24% | Trim |
| 32 | COIN | Coinbase Global INC -class A | -5.6% | -7.26% | Trim |
| 33 | IEUR | Ishares Core Msci Europe ETF | — | EXIT | Sold out |
| 34 | VOO | Vanguard S&p 500 ETF | — | NEW | New buy |
| 35 | AGG | Ishares Core U.s. Aggregate | — | NEW | New buy |
| 36 | EWJ | Ishares Msci Japan ETF | — | EXIT | Sold out |
| 37 | BAR | Graniteshares Gold Trust | — | EXIT | Sold out |
| 38 | GOOGL | Alphabet Inc-cl A | — | NEW | New buy |
| 39 | GOVT | Ishares US Treasury Bond ETF | — | NEW | New buy |
| 40 | ✓ | Airbnb INC | — | NEW | New buy |
| 41 | 8QR | Confluent Inc-class A | — | EXIT | Sold out |
| 42 | ABBV | Abbvie INC | — | EXIT | Sold out |
| 43 | ✓ | Okta INC | — | NEW | New buy |
| 44 | ✓ | Samsara INC | — | NEW | New buy |
| 45 | CRCL | Circle Internet Group INC | — | EXIT | Sold out |
| 46 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 47 | SAP | Sap Se-sponsored Adr | — | EXIT | Sold out |
| 48 | SNDK | Sandisk CORP | — | NEW | New buy |
| 49 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
| 50 | TPL | Texas Pacific Land CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-12 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-10 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-05 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-01 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-06 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-06 | Amendment | View on EDGAR |
| 2024-12-31 | 2025-01-28 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2025-02-07 | Amendment | View on EDGAR |
| 2024-09-30 | 2024-10-25 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2025-02-12 | Amendment | View on EDGAR |
| 2024-06-30 | 2024-07-23 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-10 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-06 | 13F-HR | View on EDGAR |
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