AP
a16z Perennial Management, L.P. 13F Holdings Tracker (Q2 2026)
a16z Perennial Management, L.P.CIK: 0002009275
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$1.2B
Reporting period: 2026-06-30 · Number of holdings: 63
a16z Perennial Management, L.P. disclosed 63 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.2B and a quarterly turnover rate of 41.6%.
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Personality snowflake
- Concentration
- 36.91
- Portfolio Stability
- 41.61
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 77.89
a16z Perennial Management, L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.092 — mathematically equivalent to about 11 equally-sized positions, well below its 63 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 2.21), 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 4.1 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 68% 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.govSold out XHLF
Add VOO
+113.0% $59.5M
Trim COIN
+0.2% -$41.4M
Add AGG
+91.5% $29.1M
Add VEA
+77.0% $23.3M
Trim IOT
-10.8% -$16.5M
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 | COIN | Coinbase Global Inc -class A | Stock-Financials | 17.42% | -3.91% | +0.19% | |
| 2 | NU | Nu Holdings Ltd. | Stock-Financials | 15.60% | -0.93% | +4.23% | |
| 3 | IOT | Samsara Inc-cl A | Stock-Tech | 14.01% | -1.75% | -10.77% | |
| 4 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 8.15% | +4.72% | +113.03% | |
| 5 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 4.93% | +2.28% | +91.55% | |
| 6 | AVGO | Broadcom Inc | Stock-Tech | 4.15% | +0.46% | -5.39% | |
| 7 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 3.84% | +1.83% | +77.05% | |
| 8 | HOOD | Robinhood Markets Inc - A | Stock-Financials | 3.80% | +0.96% | -5.08% | |
| 9 | ABNB | Airbnb Inc-class A | Stock-Consumer Disc | 3.41% | +0.27% | -1.54% | |
| 10 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 3.14% | +0.69% | +14.69% | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.32% | -0.30% | -7.41% | |
| 12 | AXP | American Express Co | Stock-Financials | 1.63% | -1.30% | -48.78% | |
| 13 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.34% | +0.14% | -0.61% | |
| 14 | RPAR | Rpar Risk Parity ETF | ETF-Other | 1.31% | +1.31% | NEW | |
| 15 | GLDM | Spdr Gold Minishares Trust | ETF-Commodities | 1.27% | +1.27% | NEW | |
| 16 | OKTA | Okta Inc | Stock-Tech | 1.14% | -1.05% | -69.30% | |
| 17 | JAAA | Janus Henderson Aaa Clo ETF | ETF-Other | 0.89% | -0.10% | -8.43% | |
| 18 | GOVT | Ishares US Treasury Bond ETF | ETF-Gov Bonds | 0.85% | +0.64% | +322.60% | |
| 19 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.80% | +0.80% | NEW | |
| 20 | RVMD | Revolution Medicines Inc | Stock-Healthcare | 0.78% | -0.06% | -50.59% | |
| 21 | AFRM | Affirm Holdings Inc | Stock-Financials | 0.65% | +0.26% | -5.04% | |
| 22 | TIP | Ishares Tips Bond ETF | ETF-Other | 0.61% | +0.61% | NEW | |
| 23 | FIG | Figma Inc-cl A | Stock-Other | 0.60% | +0.60% | NEW | |
| 24 | OMDA | Omada Health Inc | Stock-Other | 0.59% | +0.39% | +73.57% | |
| 25 | GUNR | Flexshares Global Upstream N | ETF-Other | 0.59% | +0.59% | NEW | |
| 26 | BAR | Graniteshares Gold Trust | ETF-Commodities | 0.58% | +0.58% | NEW | |
| 27 | MBB | Ishares Mbs ETF | ETF-Other | 0.53% | +0.53% | NEW | |
| 28 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.53% | -0.01% | — | |
| 29 | SHV | Ishares 0-1 Year Treasury Bo | ETF-Gov Bonds | 0.52% | +0.52% | NEW | |
| 30 | RBLX | Roblox CORP -class A | Stock-Comm Services | 0.52% | -0.01% | +4.26% | |
| 31 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 0.36% | +0.36% | NEW | |
| 32 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-Other | 0.33% | +0.33% | NEW | |
| 33 | DOCN | Digitalocean Holdings Inc | Stock-Tech | 0.27% | +0.14% | +12.94% | |
| 34 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.26% | +0.07% | -27.34% | |
| 35 | DFIV | Dimensional International Va | ETF-Other | 0.20% | +0.20% | NEW | |
| 36 | WLTH | Wealthfront CORP | Stock-Other | 0.19% | +0.19% | NEW | |
| 37 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.19% | -0.23% | -59.74% | |
| 38 | PINS | Pinterest Inc- Class A | Stock-Comm Services | 0.17% | +0.02% | — | |
| 39 | AAPL | Apple Inc | Stock-Tech | 0.16% | -0.38% | -73.70% | |
| 40 | BITB | Bitwise Bitcoin ETF | ETF-Crypto | 0.13% | -0.02% | — | |
| 41 | CART | Maplebear Inc | Stock-Consumer Disc | 0.12% | -0.01% | -22.74% | |
| 42 | SCHP | Schwab U.s. Tips ETF | ETF-Other | 0.12% | +0.12% | NEW | |
| 43 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.12% | -0.21% | -71.28% | |
| 44 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.11% | +0.04% | +51.74% | |
| 45 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 0.10% | +0.01% | — | |
| 46 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.08% | +0.08% | NEW | |
| 47 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.07% | +0.07% | NEW | |
| 48 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.07% | -0.21% | -79.65% | |
| 49 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.06% | +0.06% | NEW | |
| 50 | IAUM | Ishares Gold Trust Micro | ETF-Commodities | 0.06% | -0.01% | — |
1–50 of 63
💡
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
+5.6%
Performance Last 4 Quarters
+2.5%
- Stdev
- +33.3%
- Beta
- +1.62
- Alpha
- -11.9%
- Max Drawdown
- -24.7%
- Annualized Perf
- +13.8%
- Batting Avg vs S&P
- +40%
- Sortino
- +1.03
- Stutzer
- +0.16
- Treynor
- +0.11
- Sterling
- +0.48
- Calmar
- +0.56
- Information Ratio
- -0.01
- Tracking Error
- +27.9%
- Stdev Down
- +17.7%
- Winning Months %
- +53.3%
- Losing Months %
- +46.7%
- Best 12 Months
- +74.7%
- Worst 12 Months
- -14.7%
- Efficiency Ratio
- +0.17
- Sharpe
- +0.54
- Stdev Sectors
- +21.5%
- Skewness
- +0.72
- Kurtosis
- +0.27
- Upside Potential
- +3.03
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
a16z Perennial Management, L.P.'s most significant position changes for 2026-06-30: Sold out: Bondbloxx Bbg 6 Mth US Treas (XHLF); New buy: Rpar Risk Parity ETF (RPAR); New buy: Spdr Gold Minishares Trust (GLDM); New buy: Ishares Core Msci Emerging (IEMG); New buy: Ishares Tips Bond ETF (TIP).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | +4.7% | +113.03% | Add |
| 2 | AGG | Ishares Core U.s. Aggregate | +2.3% | +91.55% | Add |
| 3 | VEA | Vanguard Ftse Developed ETF | +1.8% | +77.05% | Add |
| 4 | RPAR | Rpar Risk Parity ETF | +1.3% | NEW | New buy |
| 5 | GLDM | Spdr Gold Minishares Trust | +1.3% | NEW | New buy |
| 6 | HOOD | Robinhood Markets Inc - A | +1% | -5.08% | Trim |
| 7 | IEMG | Ishares Core Msci Emerging | +0.8% | NEW | New buy |
| 8 | IVV | Ishares Core S&p 500 ETF | +0.7% | +14.69% | Add |
| 9 | GOVT | Ishares US Treasury Bond ETF | +0.6% | +322.60% | Add |
| 10 | TIP | Ishares Tips Bond ETF | +0.6% | NEW | New buy |
| 11 | FIG | Figma Inc-cl A | +0.6% | NEW | New buy |
| 12 | GUNR | Flexshares Global Upstream N | +0.6% | NEW | New buy |
| 13 | BAR | Graniteshares Gold Trust | +0.6% | NEW | New buy |
| 14 | MBB | Ishares Mbs ETF | +0.5% | NEW | New buy |
| 15 | SHV | Ishares 0-1 Year Treasury Bo | +0.5% | NEW | New buy |
| 16 | AVGO | Broadcom Inc | +0.5% | -5.39% | Trim |
| 17 | OMDA | Omada Health Inc | +0.4% | +73.57% | Add |
| 18 | IVE | Ishares S&p 500 Value ETF | +0.4% | NEW | New buy |
| 19 | EMXC | Ishares Msci Emr Mrk Ex Chna | +0.3% | NEW | New buy |
| 20 | ABNB | Airbnb Inc-class A | +0.3% | -1.54% | Trim |
| 21 | AFRM | Affirm Holdings Inc | +0.3% | -5.04% | Trim |
| 22 | DFIV | Dimensional International Va | +0.2% | NEW | New buy |
| 23 | WLTH | Wealthfront CORP | +0.2% | NEW | New buy |
| 24 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | -0.61% | Trim |
| 25 | DOCN | Digitalocean Holdings Inc | +0.1% | +12.94% | Add |
| 26 | SCHP | Schwab U.s. Tips ETF | +0.1% | NEW | New buy |
| 27 | IWM | Ishares Russell 2000 ETF | +0.1% | NEW | New buy |
| 28 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -27.34% | Trim |
| 29 | VWO | Vanguard Ftse Emerging Marke | +0.1% | NEW | New buy |
| 30 | BRK-A | Berkshire Hathaway Inc-cl A | +0.1% | NEW | New buy |
| 31 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +51.74% | Add |
| 32 | ✓ | 0% | NEW | New buy | |
| 33 | RDDT | Reddit Inc-cl A | 0% | NEW | New buy |
| 34 | INTC | Intel CORP | 0% | NEW | New buy |
| 35 | PINS | Pinterest Inc- Class A | 0% | — | Unchanged |
| 36 | ✓ | 0% | NEW | New buy | |
| 37 | DFAC | Dimensional US Core Equity 2 | 0% | — | Unchanged |
| 38 | ✓ | Robinhood Mkts Inc | — | EXIT | Sold out |
| 39 | DASH | Doordash Inc - A | — | -10.37% | Trim |
| 40 | ✓ | Coinbase Global Inc | — | EXIT | Sold out |
| 41 | IVVD | Invivyd Inc | — | — | Unchanged |
| 42 | ✓ | Nu Hldgs LTD | — | EXIT | Sold out |
| 43 | ✓ | Digitalocean Hldgs Inc | — | EXIT | Sold out |
| 44 | CMF | Ishares California Muni Bond | — | — | Unchanged |
| 45 | RCKT | Rocket Pharmaceuticals Inc | — | — | Unchanged |
| 46 | ✓ | State Str Spdr S&p 500 ETF T | — | EXIT | Sold out |
| 47 | MFG | Mizuho Financial Group-adr | 0% | EXIT | Sold out |
| 48 | IAUM | Ishares Gold Trust Micro | 0% | — | Unchanged |
| 49 | WVE | Wave Life Sciences Ltd. | 0% | — | Unchanged |
| 50 | ETHW | Bitwise Ethereum ETF | 0% | — | Unchanged |
1–50 of 173
Filing History
FAQ
What is a16z Perennial Management, L.P. and what type of investor is it?
a16z Perennial Management, L.P. 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 $1.2B, spread across 63 disclosed positions.
What are a16z Perennial Management, L.P.'s largest equity positions?
Based on the latest 13F filing, a16z Perennial Management, L.P.'s top holdings by market value are:
1. Coinbase Global Inc -class A (COIN) — $215.5M (17.4%)
2. Nu Holdings Ltd. (NU) — $193.0M (15.6%)
3. Samsara Inc-cl A (IOT) — $173.3M (14.0%)
4. Vanguard S&p 500 ETF (VOO) — $100.8M (8.2%)
5. Ishares Core U.s. Aggregate (AGG) — $61.0M (4.9%)
What changes did a16z Perennial Management, L.P. make in its most recent portfolio filing?
In the latest reported quarter, a16z Perennial Management, L.P. made 163 notable position adjustments: 21 new positions were initiated, 11 existing holdings were added to, 21 positions were partially reduced, and 110 were completely exited. The largest of these moves: Sold out: Bondbloxx Bbg 6 Mth US Treas (XHLF); New buy: Rpar Risk Parity ETF (RPAR); New buy: Spdr Gold Minishares Trust (GLDM); New buy: Ishares Core Msci Emerging (IEMG); New buy: Ishares Tips Bond ETF (TIP)
What sectors does a16z Perennial Management, L.P. focus on?
a16z Perennial Management, L.P. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 57.9%
• Information Technology: 29.8%
• Communication Services: 5.6%
• Consumer Discretionary: 5.6%
• Health Care: 1.1%
Investment Profile
a16z Perennial Management, L.P. returned an annualized 13.8% over the trailing 30 months — underperforming the S&P 500 by 11.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.62 (more volatile than the market) and a 40% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 57.9% of the portfolio concentrated in Financials.
Its concentration score has fallen from 100 to 37 over the past 4 quarters — a shift toward broader diversification.
It has added to its VEA position over the past two quarters (+$23.9M, now $47.5M), while trimming COIN over the same stretch (-$143.2M, still holding $215.5M).
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Developer Access
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REST API
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