a16z Perennial Management, L.P.
CIK 2009275 · View on SEC EDGAR ↗
- Portfolio value
- $1.2B
- Positions
- 63
- As of
- June 30, 2026
#2,107 of 9,443 by 13F value · top 22.3%
Portfolio value QoQ: +2.7% 13F does not disclose cash
- Top 10 holdings weight
- 78.45%
- Top 25 holdings weight
- 93.80%
- Positions above 1%
- 16
- Effective number of positions
- 10.8
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 18.98% Est. buys $231,763,806 · sells $236,197,922
Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 25.1% still held
- New positions
- 21
- Increased
- 11
- Decreased
- 21
- Closed
- 100
Put-notional exposure: 0.1% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Financial Services
23.7%
Technology
20.7%
Financials
15.6%
Communication Services
3.8%
Consumer Discretionary
3.5%
Healthcare
1.4%
Retail
0.3%
Other/Unmapped
31.0%
Full portfolio 63 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| COIN Coinbase Global, Inc. - 3Class A Common Stock | $215,464,454 | 17.42% | 1,473,831 | $-41,385,983 | Up ×2 | ||
| NU Nu Holdings Ltd. Class A Ordinary Shares | $192,973,176 | 15.60% | 14,444,100 | $-6,170,595 | Up ×2 | ||
| IOT Samsara Inc. Class A Common Stock | $173,310,123 | 14.01% | 5,344,484 | $-16,509,047 | Down ×1 | ||
| VOO | $100,828,561 | 8.15% | 147,401 | $59,482,881 | Up ×1 | ||
| AGG | $61,014,988 | 4.93% | 615,315 | $29,126,387 | Up ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $51,297,695 | 4.15% | 135,798 | $6,873,415 | Down ×2 | ||
| VEA | $47,463,385 | 3.84% | 667,483 | $23,305,033 | Up ×1 | ||
| HOOD Robinhood Markets, Inc. - Class A Common Stock | $47,058,252 | 3.80% | 469,215 | $12,799,658 | Down ×3 | ||
| ABNB Airbnb, Inc. - Class A Common Stock | $42,199,188 | 3.41% | 294,893 | $4,379,212 | Down ×2 | ||
| IVV | $38,863,647 | 3.14% | 51,895 | $9,305,894 | Up ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $28,756,518 | 2.32% | 51,051 | $-2,788,442 | Down ×2 | ||
| AXP American Express Company Common Stock | $20,220,247 | 1.63% | 59,779 | $-15,081,589 | Down ×1 | ||
| VTI | $16,534,497 | 1.34% | 44,683 | $2,111,200 | Down ×2 | ||
| RPAR | $16,176,985 | 1.31% | 726,729 | Up ×1 | |||
| GLDM | $15,733,896 | 1.27% | 198,110 | Up ×1 | |||
| OKTA Okta, Inc. - Class A Common Stock | $14,065,266 | 1.14% | 103,080 | $-12,363,978 | Down ×3 | ||
| JAAA | $10,964,156 | 0.89% | 217,155 | $-981,208 | Down ×1 | ||
| GOVT | $10,478,485 | 0.85% | 459,986 | $7,984,800 | Up ×1 | ||
| IEMG | $9,856,635 | 0.80% | 118,984 | Up ×1 | |||
| RVMD Revolution Medicines, Inc. - Common Stock | $9,643,047 | 0.78% | 51,490 | $-491,765 | Down ×2 | ||
| AFRM Affirm Holdings, Inc. - Class A Common Stock | $7,993,531 | 0.65% | 98,020 | $3,263,991 | Down ×1 | ||
| TIP | $7,558,877 | 0.61% | 69,075 | Up ×1 | |||
| FIG Figma, Inc. Class A Common Stock | $7,369,291 | 0.60% | 407,253 | Up ×1 | |||
| OMDA Omada Health, Inc. - Common Stock | $7,332,688 | 0.59% | 334,071 | $4,967,693 | Up ×2 | ||
| GUNR | $7,247,409 | 0.59% | 147,066 | Up ×1 | |||
| BAR | $7,192,325 | 0.58% | 181,946 | ||||
| MBB iShares MBS ETF | $6,595,133 | 0.53% | 69,775 | Up ×1 | |||
| DIS Walt Disney Company (The) Common Stock | $6,526,135 | 0.53% | 67,804 | $-8,815 | |||
| SHV iShares 0-1 Year Treasury Bond ETF | $6,441,571 | 0.52% | 58,374 | Up ×1 | |||
| RBLX Roblox Corporation Class A Common Stock | $6,429,033 | 0.52% | 118,226 | $15,468 | Up ×1 | ||
| IVE | $4,496,634 | 0.36% | 19,804 | Up ×1 | |||
| EMXC iShares MSCI Emerging Markets ex China ETF | $4,074,098 | 0.33% | 39,825 | Up ×1 | |||
| DOCN DigitalOcean Holdings, Inc. Common Stock | $3,290,093 | 0.27% | 20,952 | $1,698,702 | Up ×1 | ||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $3,180,768 | 0.26% | 4,168 | $941,376 | Down ×1 | ||
| DFIV | $2,431,305 | 0.20% | 45,008 | Up ×1 | |||
| WLTH Wealthfront Corporation - Common Stock | $2,312,099 | 0.19% | 258,624 | Up ×1 | |||
| AMZN Amazon.com, Inc. - Common Stock | $2,309,515 | 0.19% | 9,690 | $-2,703,336 | Down ×1 | ||
| PINS Pinterest, Inc. Class A Common Stock | $2,099,488 | 0.17% | 99,833 | $268,551 | |||
| AAPL Apple Inc. - Common Stock | $1,964,754 | 0.16% | 6,790 | $-4,588,104 | Down ×1 | ||
| BITB | $1,608,994 | 0.13% | 50,502 | $-249,985 | |||
| CART Maplebear Inc. - Common Stock | $1,508,118 | 0.12% | 31,862 | $-36,732 | Down ×2 | ||
| SCHP | $1,484,000 | 0.12% | 56,000 | Up ×1 | |||
| GOOGL Alphabet Inc. - Class A Common Stock | $1,434,841 | 0.12% | 4,015 | $-2,585,248 | Down ×1 | ||
| SPY SPY | $1,403,928 | 0.11% | 1,880 | $598,157 | Up ×1 | ||
| DFAC | $1,177,758 | 0.10% | 26,550 | $146,025 | |||
| IWM | $976,463 | 0.08% | 3,250 | Up ×1 | |||
| VWO | $881,472 | 0.07% | 14,768 | Up ×1 | |||
| GOOG Alphabet Inc. - Class C Capital Stock | $860,712 | 0.07% | 2,436 | $-2,572,428 | Down ×2 | ||
| BRKA | $748,850 | 0.06% | 1 | Up ×1 | |||
| IAUM | $683,251 | 0.06% | 17,077 | $-114,245 | |||
| NVDA NVIDIA Corporation - Common Stock | $640,288 | 0.05% | 3,200 | $-5,850,008 | Down ×3 | ||
| MSFT Microsoft Corporation - Common Stock | $551,357 | 0.04% | 1,486 | $-3,576,409 | Down ×1 | ||
| DASH DoorDash, Inc. - Common Stock | $494,540 | 0.04% | 2,680 | $45,591 | Down ×3 | ||
| Unknown issuer (CUSIP: 8695379LF) | $470,220 | 0.04% | 1,567,400 | Put option | Up ×1 | ||
| WVE Wave Life Sciences Ltd. - Ordinary Shares | $450,966 | 0.04% | 77,619 | $-111,772 | |||
| RDDT Reddit, Inc. Class A Common Stock | $429,890 | 0.03% | 2,471 | ||||
| NFLX Netflix, Inc. - Common Stock | $409,836 | 0.03% | 5,740 | $-990,108 | Down ×2 | ||
| INTC Intel Corporation - Common Stock | $352,755 | 0.03% | 2,600 | Up ×1 | |||
| CMF | $271,484 | 0.02% | 4,710 | $3,673 | |||
| ETHW | $250,382 | 0.02% | 22,197 | $-82,573 | |||
| Unknown issuer (CUSIP: 8384629PJ) | $175,934 | 0.01% | 145,400 | Put option | Up ×1 | ||
| IVVD Invivyd, Inc. - Common Stock | $69,678 | 0.01% | 79,869 | $-34,152 | |||
| RCKT Rocket Pharmaceuticals, Inc. - Common Stock | $38,766 | 0.00% | 11,335 | $-1,813 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| RPAR | $16,176,985 | 726,729 | 1.31% |
| GLDM | $15,733,896 | 198,110 | 1.27% |
| IEMG | $9,856,635 | 118,984 | 0.80% |
| TIP | $7,558,877 | 69,075 | 0.61% |
| FIG | $7,369,291 | 407,253 | 0.60% |
| GUNR | $7,247,409 | 147,066 | 0.59% |
| BAR | $7,192,325 | 181,946 | 0.58% |
| MBB | $6,595,133 | 69,775 | 0.53% |
| SHV | $6,441,571 | 58,374 | 0.52% |
| IVE | $4,496,634 | 19,804 | 0.36% |
| EMXC | $4,074,098 | 39,825 | 0.33% |
| DFIV | $2,431,305 | 45,008 | 0.20% |
| WLTH | $2,312,099 | 258,624 | 0.19% |
| SCHP | $1,484,000 | 56,000 | 0.12% |
| IWM | $976,463 | 3,250 | 0.08% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| VOO | Bought more | +78K | +$59.5M |
| COIN | Bought more | +3K | -$41.4M |
| AGG | Bought more | +294K | +$29.1M |
| VEA | Bought more | +290K | +$23.3M |
| IOT | Trimmed | -645K | -$16.5M |
| AXP | Trimmed | -57K | -$15.1M |
| HOOD | Trimmed | -25K | +$12.8M |
| OKTA | Trimmed | -233K | -$12.4M |
| IVV | Bought more | +7K | +$9.3M |
| GOVT | Bought more | +351K | +$8.0M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| COIN | Sept. 30, 2025 | 1,768,852 | $619,964,937 | -44.5% |
| ABNB | Sept. 30, 2025 | 602,005 | $79,669,342 | 52.3% |
| XHLF | June 30, 2026 | 1,392,000 | $70,059,360 | No longer tracked |
| VTEB | Sept. 30, 2025 | 435,683 | $21,361,537 | No longer tracked |
| EWJ | March 31, 2026 | 118,984 | $7,998,104 | No longer tracked |
| BAR | March 31, 2026 | 181,946 | $7,730,886 | No longer tracked |
| VOO | Dec. 31, 2025 | 21,672 | $7,112,100 | No longer tracked |
| VTI | Sept. 30, 2025 | 17,160 | $5,215,439 | No longer tracked |
| PINS | Sept. 30, 2025 | 98,473 | $3,531,242 | -28.3% |
| BRKB | June 30, 2026 | 4,623 | $2,215,342 | No longer tracked |
| LQD | March 31, 2025 | 19,876 | $2,123,552 | No longer tracked |
| HYGH | March 31, 2025 | 21,915 | $1,892,360 | No longer tracked |
| JBBB | June 30, 2025 | 37,700 | $1,855,023 | No longer tracked |
| TSLA | June 30, 2026 | 3,928 | $1,460,234 | -17.1% |
| WMT | June 30, 2026 | 10,657 | $1,324,452 | -8.9% |
| PLTR | June 30, 2026 | 7,954 | $1,163,511 | 48.3% |
| LLY | June 30, 2026 | 1,238 | $1,138,675 | 4.2% |
| JPM | June 30, 2026 | 3,789 | $1,114,572 | 8.6% |
| GE | June 30, 2026 | 3,918 | $1,111,811 | -6.7% |
| GS | June 30, 2026 | 1,273 | $1,076,945 | 1.3% |
| XOM | June 30, 2026 | 6,074 | $1,030,515 | 21.7% |
| JNJ | June 30, 2026 | 3,519 | $860,184 | 5.2% |
| GEV | June 30, 2026 | 980 | $855,442 | -17.4% |
| MS | June 30, 2026 | 5,130 | $844,244 | 1.3% |
| UI | June 30, 2026 | 1,058 | $836,127 | 0.6% |
| MU | June 30, 2026 | 2,458 | $830,411 | -14.7% |
| AMD | June 30, 2026 | 3,730 | $758,794 | -19.0% |
| AON | June 30, 2026 | 2,310 | $745,622 | 6.5% |
| CFLT | March 31, 2026 | 23,532 | $711,608 | No longer tracked |
| SPY | June 30, 2025 | 1,239 | $693,084 | No longer tracked |
| RTX | June 30, 2026 | 3,418 | $659,332 | 12.1% |
| COST | June 30, 2026 | 653 | $650,669 | 0.8% |
| MAR | June 30, 2026 | 1,951 | $638,114 | -3.7% |
| ASML | June 30, 2026 | 478 | $631,357 | -11.8% |
| ORCL | June 30, 2026 | 4,239 | $623,599 | -0.1% |
| CAT | June 30, 2026 | 858 | $607,859 | -22.6% |
| C | June 30, 2026 | 5,351 | $606,857 | -5.8% |
| HYG | March 31, 2025 | 7,600 | $597,740 | No longer tracked |
| ABBV | March 31, 2026 | 2,551 | $582,878 | 21.3% |
| WFC | June 30, 2026 | 6,747 | $537,129 | 2.4% |
| CVX | June 30, 2026 | 2,575 | $532,768 | 24.6% |
| AMAT | June 30, 2026 | 1,512 | $516,786 | -31.7% |
| KO | June 30, 2026 | 6,787 | $516,151 | 11.5% |
| CLOZ | March 31, 2025 | 18,898 | $509,301 | No longer tracked |
| UNH | June 30, 2026 | 1,879 | $508,439 | -6.8% |
| GILD | June 30, 2026 | 3,640 | $507,307 | 14.6% |
| KLAC | June 30, 2026 | 344 | $506,509 | -38.6% |
| COF | June 30, 2026 | 2,756 | $502,777 | 8.5% |
| HSBC | June 30, 2026 | 6,052 | $499,229 | 9.6% |
| GOOGL | Sept. 30, 2025 | 2,820 | $496,969 | 40.7% |
| V | June 30, 2026 | 1,602 | $484,188 | 7.2% |
| PG | June 30, 2026 | 3,327 | $480,552 | -2.3% |
| WDC | June 30, 2026 | 1,771 | $479,038 | -26.3% |
| ADI | June 30, 2026 | 1,469 | $467,348 | -5.3% |
| ETN | June 30, 2026 | 1,238 | $442,795 | -1.2% |
| GOOG | June 30, 2025 | 2,820 | $436,085 | 91.1% |
| MRK | June 30, 2026 | 3,612 | $434,487 | 18.0% |
| HD | June 30, 2026 | 1,287 | $423,281 | -4.8% |
| PM | June 30, 2026 | 2,546 | $420,956 | 4.9% |
| BK | June 30, 2026 | 3,547 | $420,781 | No longer tracked |
| HLT | June 30, 2026 | 1,356 | $412,332 | 0.0% |
| OPEN | Dec. 31, 2025 | 50,595 | $403,242 | -40.4% |
| NVS | June 30, 2026 | 2,618 | $399,900 | 0.2% |
| CRCL | March 31, 2026 | 5,027 | $398,641 | -3.6% |
| CRM | June 30, 2026 | 2,117 | $395,180 | 31.2% |
| AZN | June 30, 2026 | 1,993 | $393,059 | -12.7% |
| SAP | March 31, 2026 | 1,544 | $375,053 | 25.9% |
| SNDK | June 30, 2026 | 590 | $374,851 | -29.4% |
| ANET | June 30, 2026 | 3,024 | $371,287 | 10.9% |
| MA | June 30, 2026 | 724 | $361,754 | 12.0% |
| MUFG | June 30, 2026 | 21,108 | $358,203 | 11.2% |
| GM | June 30, 2026 | 4,636 | $345,382 | 13.8% |
| FISV | Dec. 31, 2025 | 2,650 | $341,665 | -23.3% |
| COP | June 30, 2026 | 2,505 | $330,660 | 30.3% |
| PSX | June 30, 2026 | 1,815 | $330,657 | 43.8% |
| PWR | June 30, 2026 | 584 | $320,628 | -8.5% |
| CMCSA | June 30, 2026 | 10,959 | $314,633 | 7.8% |
| HWM | June 30, 2026 | 1,321 | $304,438 | 2.7% |
| NOC | June 30, 2026 | 440 | $300,186 | 9.8% |
| TJX | June 30, 2026 | 1,852 | $295,764 | -6.8% |
| TXN | June 30, 2026 | 1,509 | $292,957 | -11.1% |
| TPL | June 30, 2026 | 615 | $291,854 | -14.1% |
| ABT | March 31, 2026 | 2,320 | $290,673 | 11.4% |
| PFE | June 30, 2026 | 10,118 | $284,113 | 16.5% |
| MCD | June 30, 2026 | 905 | $281,265 | -0.6% |
| IEUR | March 31, 2026 | 4,710 | $270,637 | No longer tracked |
| CMF | March 31, 2025 | 4,699 | $269,159 | No longer tracked |
| SAN | June 30, 2026 | 23,859 | $269,130 | 6.0% |
| CL | June 30, 2026 | 3,156 | $268,986 | -1.5% |
| MUB | June 30, 2025 | 4,699 | $264,460 | No longer tracked |
| TTE | June 30, 2026 | 2,906 | $264,388 | 16.9% |
| CMI | June 30, 2026 | 490 | $263,630 | -16.0% |
| NVO | March 31, 2026 | 5,176 | $263,355 | 27.1% |
| EBAY | June 30, 2026 | 2,886 | $262,684 | -6.9% |
| USHY | Sept. 30, 2025 | 4,699 | $261,922 | No longer tracked |
| DD | Dec. 31, 2025 | 3,361 | $261,822 | 248.6% |
| RDDT | March 31, 2026 | 1,126 | $258,834 | 13.9% |
| NOW | June 30, 2026 | 2,475 | $258,761 | 30.6% |
| ULXXXX | Dec. 31, 2025 | 4,264 | $252,770 | No longer tracked |
| TM | June 30, 2026 | 1,226 | $252,666 | 17.4% |
| CLOZ | June 30, 2026 | 9,850 | $252,653 | No longer tracked |
| BBVA | June 30, 2026 | 11,614 | $251,559 | 15.4% |
| BSX | March 31, 2026 | 2,636 | $251,343 | -21.2% |
| SMFG | June 30, 2026 | 12,699 | $250,805 | 6.0% |
| KMI | June 30, 2026 | 7,243 | $242,858 | -1.3% |
| DUK | June 30, 2026 | 1,847 | $241,846 | -3.5% |
| INTU | June 30, 2026 | 550 | $237,809 | 38.2% |
| WDAY | Dec. 31, 2025 | 987 | $237,601 | -9.0% |
| CEG | March 31, 2026 | 668 | $235,984 | -2.4% |
| BG | June 30, 2026 | 1,852 | $235,574 | 10.1% |
| OKE | June 30, 2026 | 2,606 | $235,556 | 9.0% |
| ADBE | March 31, 2026 | 673 | $235,543 | 12.3% |
| AIG | June 30, 2026 | 3,124 | $235,081 | 2.9% |
| LRCX | June 30, 2026 | 1,100 | $235,026 | -27.5% |
| PEP | June 30, 2026 | 1,498 | $232,624 | 5.3% |
| ACN | March 31, 2026 | 862 | $231,275 | -7.9% |
| SLB | June 30, 2026 | 4,478 | $230,124 | 15.7% |
| LOW | June 30, 2026 | 973 | $229,900 | -1.3% |
| NEE | June 30, 2026 | 2,460 | $228,485 | -3.2% |
| FE | June 30, 2026 | 4,496 | $227,767 | -1.4% |
| TEAM | Sept. 30, 2025 | 1,117 | $226,852 | 6.6% |
| CBOE | June 30, 2026 | 803 | $225,699 | No longer tracked |
| SPGI | March 31, 2026 | 426 | $222,623 | 2.0% |
| SONY | Dec. 31, 2025 | 7,710 | $221,971 | -7.0% |
| TMUS | June 30, 2026 | 1,054 | $221,372 | 9.1% |
| BTI | June 30, 2026 | 3,786 | $221,367 | -8.2% |
| UBS | June 30, 2026 | 5,648 | $220,667 | 7.4% |
| UL | June 30, 2026 | 3,790 | $215,916 | 5.7% |
| AMT | June 30, 2026 | 1,237 | $213,481 | 8.0% |
| E | June 30, 2026 | 3,701 | $209,514 | 21.2% |
| SPG | June 30, 2026 | 1,123 | $209,473 | -1.7% |
| NTAP | Dec. 31, 2025 | 1,768 | $209,437 | 80.2% |
| HSY | June 30, 2026 | 1,007 | $209,345 | 7.2% |
| EXPD | June 30, 2026 | 1,458 | $208,829 | 15.8% |
| ING | March 31, 2026 | 7,452 | $208,656 | 33.8% |
| HII | June 30, 2026 | 540 | $205,146 | 8.9% |
| KMI | Dec. 31, 2025 | 7,243 | $205,049 | 14.8% |
| CDNS | June 30, 2026 | 730 | $202,845 | -16.3% |
| STLD | June 30, 2026 | 1,126 | $202,680 | -0.3% |
| T | June 30, 2026 | 6,939 | $201,162 | 22.6% |
| QCOM | Dec. 31, 2025 | 1,207 | $200,797 | -5.9% |
| TMO | March 31, 2026 | 346 | $200,490 | 26.2% |
| MFG | June 30, 2026 | 17,819 | $141,483 | 7.3% |
| DOCN | June 30, 2025 | 3,088 | $103,108 | 302.5% |
| HLN | March 31, 2026 | 10,097 | $102,081 | -0.9% |
| RVMD | Sept. 30, 2025 | 1,823 | $67,068 | 354.7% |
| ICL | June 30, 2026 | 12,896 | $66,801 | 14.9% |
| LYG | March 31, 2026 | 12,345 | $65,428 | 19.7% |
| LYFT | Sept. 30, 2025 | 2,244 | $35,365 | -21.9% |
| WEAV | Sept. 30, 2025 | 3,221 | $26,799 | 9.4% |
| PGNY | Sept. 30, 2025 | 908 | $19,976 | 20.7% |
| ADV | March 31, 2026 | 18,867 | $16,603 | 61.2% |
| CRIS | Sept. 30, 2025 | 6,653 | $15,435 | -3.6% |
| RBRK | Sept. 30, 2025 | 171 | $15,320 | 17.2% |
| NET | Sept. 30, 2025 | 40 | $7,833 | 28.3% |
| CRM | June 30, 2025 | 28 | $7,514 | -24.6% |
| SNOW | Sept. 30, 2025 | 28 | $6,266 | 40.1% |
| NOW | Sept. 30, 2025 | 6 | $6,168 | -29.5% |
| DIS | Sept. 30, 2025 | 22 | $2,728 | -6.4% |
| ROOT | Sept. 30, 2025 | 10 | $1,280 | -36.2% |