# a16z Perennial Management, L.P.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2009275. Source: https://holderbook.com/funds/2009275-a16z-perennial-management-l-p/

- Reported value: $1.2B
- Positions: 63
- Weight of the ten largest: 78.4%
- Filed: 2026-07-24

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $215.5M | 1,473,831 | 17.4% | 3 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $193.0M | 14,444,100 | 15.6% | 9 |
| SAMSARA INC | [IOT](https://holderbook.com/stocks/IOT/) | $173.3M | 5,344,484 | 14.0% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $100.8M | 147,401 | 8.2% | 2 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $61.0M | 615,315 | 4.9% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $51.3M | 135,798 | 4.1% | 4 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $47.5M | 667,483 | 3.8% | 4 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $47.1M | 469,215 | 3.8% | 4 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $42.2M | 294,893 | 3.4% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $38.9M | 51,895 | 3.1% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $28.8M | 51,051 | 2.3% | 10 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $20.2M | 59,779 | 1.6% | 4 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $16.5M | 44,683 | 1.3% | 3 |
| TIDAL TRUST I | [RPAR](https://holderbook.com/stocks/RPAR/) | $16.2M | 726,729 | 1.3% | 1 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $15.7M | 198,110 | 1.3% | 1 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $14.1M | 103,080 | 1.1% | 11 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $11.0M | 217,155 | 0.9% | 3 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $10.5M | 459,986 | 0.8% | 2 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $9.9M | 118,984 | 0.8% | 1 |
| REVOLUTION MEDICINES INC | [RVMD](https://holderbook.com/stocks/RVMD/) | $9.6M | 51,490 | 0.8% | 3 |
| AFFIRM HLDGS INC | [AFRM](https://holderbook.com/stocks/AFRM/) | $8.0M | 98,020 | 0.6% | 11 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $7.6M | 69,075 | 0.6% | 1 |
| FIGMA INC | [FIG](https://holderbook.com/stocks/FIG/) | $7.4M | 407,253 | 0.6% | 1 |
| OMADA HEALTH INC | [OMDA](https://holderbook.com/stocks/OMDA/) | $7.3M | 334,071 | 0.6% | 3 |
| FLEXSHARES TR | [GUNR](https://holderbook.com/stocks/GUNR/) | $7.2M | 147,066 | 0.6% | 1 |
| GRANITESHARES GOLD TR | [BAR](https://holderbook.com/stocks/BAR/) | $7.2M | 181,946 | 0.6% | 1 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $6.6M | 69,775 | 0.5% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $6.5M | 67,804 | 0.5% | 3 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $6.4M | 58,374 | 0.5% | 1 |
| ROBLOX CORP | [RBLX](https://holderbook.com/stocks/RBLX/) | $6.4M | 118,226 | 0.5% | 9 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $4.5M | 19,804 | 0.4% | 1 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $4.1M | 39,825 | 0.3% | 1 |
| DIGITALOCEAN HLDGS INC | [DOCN](https://holderbook.com/stocks/DOCN/) | $3.3M | 20,952 | 0.3% | 3 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $3.2M | 4,168 | 0.3% | 11 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $2.4M | 45,008 | 0.2% | 1 |
| WEALTHFRONT CORP | [WLTH](https://holderbook.com/stocks/WLTH/) | $2.3M | 258,624 | 0.2% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.3M | 9,690 | 0.2% | 11 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $2.1M | 99,833 | 0.2% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.0M | 6,790 | 0.2% | 4 |
| BITWISE BITCOIN ETF TR | [BITB](https://holderbook.com/stocks/BITB/) | $1.6M | 50,502 | 0.1% | 7 |
| MAPLEBEAR INC | [CART](https://holderbook.com/stocks/CART/) | $1.5M | 31,862 | 0.1% | 10 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $1.5M | 56,000 | 0.1% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.4M | 4,015 | 0.1% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.4M | 1,880 | 0.1% | 4 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $1.2M | 26,550 | 0.1% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $976.5K | 3,250 | 0.1% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $881.5K | 14,768 | 0.1% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $860.7K | 2,436 | 0.1% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.1% | 1 |
| ISHARES GOLD TRUST MICRO | [IAUM](https://holderbook.com/stocks/IAUM/) | $683.3K | 17,077 | 0.1% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $640.3K | 3,200 | 0.1% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $551.4K | 1,486 | 0.0% | 11 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $494.5K | 2,680 | 0.0% | 5 |
|  | - | $470.2K | 0 | 0.0% | 1 |
| WAVE LIFE SCIENCES LTD | [WVE](https://holderbook.com/stocks/WVE/) | $451.0K | 77,619 | 0.0% | 11 |
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $429.9K | 2,471 | 0.0% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $409.8K | 5,740 | 0.0% | 11 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $352.8K | 2,600 | 0.0% | 1 |
| ISHARES TR | [CMF](https://holderbook.com/stocks/CMF/) | $271.5K | 4,710 | 0.0% | 2 |
| BITWISE ETHEREUM ETF | [ETHW](https://holderbook.com/stocks/ETHW/) | $250.4K | 22,197 | 0.0% | 7 |
|  | - | $175.9K | 0 | 0.0% | 1 |
| INVIVYD INC | [IVVD](https://holderbook.com/stocks/IVVD/) | $69.7K | 79,869 | 0.0% | 11 |
| ROCKET PHARMACEUTICALS INC | [RCKT](https://holderbook.com/stocks/RCKT/) | $38.8K | 11,335 | 0.0% | 11 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +4.1% | +14.8% | -10.8% | 100% |
| Q1 2026 | -13.2% | -4.6% | -8.6% | 94% |
| Q3 2025 | +1.4% | +7.8% | -6.5% | 81% |
| Q2 2025 | +48.6% | +10.5% | +38.1% | 86% |
| Q1 2025 | -15.6% | -4.6% | -11.1% | 88% |
| Q3 2024 | -10.0% | +5.4% | -15.4% | 85% |
| Q2 2024 | -11.4% | +4.0% | -15.5% | 79% |
| Q1 2024 | +22.2% | +10.0% | +12.2% | 79% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.2B | 63 |
| Q1 2026 | $1.2B | 152 |
| Q4 2025 | $1.3B | 143 |
| Q3 2025 | $1.3B | 134 |
| Q2 2025 | $1.3B | 46 |
| Q1 2025 | $871.3M | 44 |
| Q4 2024 | $1.8B | 45 |
| Q3 2024 | $1.7B | 42 |
| Q2 2024 | $2.2B | 42 |
| Q1 2024 | $1.1B | 40 |
| Q4 2023 | $665.5M | 39 |