a16z Perennial Management, L.P.
Reported holdings as of Q2 2026, from 11 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| COINBASE GLOBAL INC | COIN | $215.5M | 1,473,831 | -3.91pp | 3q | HELD | |
| NU HLDGS LTD | NU | $193.0M | 14,444,100 | -0.94pp | 9q | +4.2%+$7.8M | |
| SAMSARA INC | IOT | $173.3M | 5,344,484 | -1.75pp | 3q | -10.8%-$20.9M | |
| VANGUARD INDEX FDS | VOO | $100.8M | 147,401 | +4.72pp | 2q | +113.0%+$53.5M | |
| ISHARES TR | AGG | $61.0M | 615,315 | +2.28pp | 2q | +91.5%+$29.2M | |
| BROADCOM INC | AVGO | $51.3M | 135,798 | +0.46pp | 4q | -5.4%-$2.9M | |
| VANGUARD TAX-MANAGED FDS | VEA | $47.5M | 667,483 | +1.83pp | 4q | +77.0%+$20.7M | |
| ROBINHOOD MKTS INC | HOOD | $47.1M | 469,215 | +0.96pp | 4q | -5.1%-$2.5M | |
| AIRBNB INC | ABNB | $42.2M | 294,893 | +0.27pp | 3q | -1.5%-$658.3K | |
| ISHARES TR | IVV | $38.9M | 51,895 | +0.69pp | 7q | +14.7%+$5.0M | |
| META PLATFORMS INC | META | $28.8M | 51,051 | -0.29pp | 10q | -7.4%-$2.3M | |
| AMERICAN EXPRESS CO | AXP | $20.2M | 59,779 | -1.30pp | 4q | -48.8%-$19.3M | |
| VANGUARD INDEX FDS | VTI | $16.5M | 44,683 | +0.14pp | 3q | -0.6%-$102.1K | |
| TIDAL TRUST I | RPAR | $16.2M | 726,729 | - | new | NEW | |
| WORLD GOLD TR | GLDM | $15.7M | 198,110 | - | new | NEW | |
| OKTA INC | OKTA | $14.1M | 103,080 | -1.06pp | 11q | -69.3%-$31.8M | |
| JANUS DETROIT STR TR | JAAA | $11.0M | 217,155 | -0.11pp | 3q | -8.4%-$1.0M | |
| ISHARES TR | GOVT | $10.5M | 459,986 | +0.64pp | 2q | +322.6%+$8.0M | |
| ISHARES INC | IEMG | $9.9M | 118,984 | - | new | NEW | |
| REVOLUTION MEDICINES INC | RVMD | $9.6M | 51,490 | -0.06pp | 3q | -50.6%-$9.9M | |
| AFFIRM HLDGS INC | AFRM | $8.0M | 98,020 | +0.25pp | 11q | -5.0%-$424.1K | |
| ISHARES TR | TIP | $7.6M | 69,075 | - | new | NEW | |
| FIGMA INC | FIG | $7.4M | 407,253 | - | new | NEW | |
| OMADA HEALTH INC | OMDA | $7.3M | 334,071 | +0.40pp | 3q | +73.6%+$3.1M | |
| FLEXSHARES TR | GUNR | $7.2M | 147,066 | - | new | NEW | |
| GRANITESHARES GOLD TR | BAR | $7.2M | 181,946 | - | new | NEW | |
| ISHARES TR | MBB | $6.6M | 69,775 | - | new | NEW | |
| DISNEY WALT CO | DIS | $6.5M | 67,804 | -0.02pp | 3q | HELD | |
| ISHARES TR | SHV | $6.4M | 58,374 | - | new | NEW | |
| ROBLOX CORP | RBLX | $6.4M | 118,226 | -0.01pp | 9q | +4.3%+$262.8K | |
| ISHARES TR | IVE | $4.5M | 19,804 | - | new | NEW | |
| ISHARES INC | EMXC | $4.1M | 39,825 | - | new | NEW | |
| DIGITALOCEAN HLDGS INC | DOCN | $3.3M | 20,952 | +0.13pp | 3q | +12.9%+$376.9K | |
| CROWDSTRIKE HLDGS INC | CRWD | $3.2M | 4,168 | +0.07pp | 11q | -27.3%-$1.2M | |
| DIMENSIONAL ETF TRUST | DFIV | $2.4M | 45,008 | - | new | NEW | |
| WEALTHFRONT CORP | WLTH | $2.3M | 258,624 | - | new | NEW | |
| AMAZON COM INC | AMZN | $2.3M | 9,690 | -0.23pp | 11q | -59.7%-$3.4M | |
| PINTEREST INC | PINS | $2.1M | 99,833 | +0.02pp | 3q | HELD | |
| APPLE INC | AAPL | $2.0M | 6,790 | -0.39pp | 4q | -73.7%-$5.5M | |
| BITWISE BITCOIN ETF TR | BITB | $1.6M | 50,502 | -0.02pp | 7q | HELD | |
| MAPLEBEAR INC | CART | $1.5M | 31,862 | -0.01pp | 10q | -22.7%-$443.9K | |
| SCHWAB STRATEGIC TR | SCHP | $1.5M | 56,000 | - | new | NEW | |
| ALPHABET INC | GOOGL | $1.4M | 4,015 | -0.22pp | 2q | -71.3%-$3.6M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.4M | 1,880 | +0.05pp | 4q | +51.7%+$478.7K | |
| DIMENSIONAL ETF TRUST | DFAC | $1.2M | 26,550 | +0.01pp | 4q | HELD | |
| ISHARES TR | IWM | $976.5K | 3,250 | - | new | NEW | |
| VANGUARD INTL EQUITY INDEX F | VWO | $881.5K | 14,768 | - | new | NEW | |
| ALPHABET INC | GOOG | $860.7K | 2,436 | -0.22pp | 4q | -79.6%-$3.4M | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $748.9K | 1 | - | new | NEW | |
| ISHARES GOLD TRUST MICRO | IAUM | $683.3K | 17,077 | -0.01pp | 3q | HELD | |
| NVIDIA CORPORATION | NVDA | $640.3K | 3,200 | -0.49pp | 4q | -91.4%-$6.8M | |
| MICROSOFT CORP | MSFT | $551.4K | 1,486 | -0.30pp | 11q | -86.7%-$3.6M | |
| DOORDASH INC | DASH | $494.5K | 2,680 | flat | 5q | -10.4%-$57.2K | |
| 8695379LF OPT | $470.2K | options only | - | new | OPTIONS | ||
| WAVE LIFE SCIENCES LTD | WVE | $451.0K | 77,619 | -0.01pp | 11q | HELD | |
| REDDIT INC | RDDT | $429.9K | 2,471 | - | new | NEW | |
| NETFLIX INC | NFLX | $409.8K | 5,740 | -0.08pp | 11q | -60.6%-$629.7K | |
| INTEL CORP | INTC | $352.8K | 2,600 | - | new | NEW | |
| ISHARES TR | CMF | $271.5K | 4,710 | flat | 2q | HELD | |
| BITWISE ETHEREUM ETF | ETHW | $250.4K | 22,197 | -0.01pp | 7q | HELD | |
| 8384629PJ OPT | $175.9K | options only | - | new | OPTIONS | ||
| INVIVYD INC | IVVD | $69.7K | 79,869 | flat | 11q | HELD | |
| ROCKET PHARMACEUTICALS INC | RCKT | $38.8K | 11,335 | flat | 11q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Banks & Lending | $439.2M | 35.5% |
| Software & IT Services | $241.8M | 19.5% |
| Capital Markets | $72.3M | 5.8% |
| Semiconductors & Electronics | $52.3M | 4.2% |
| Business Services | $44.2M | 3.6% |
| Other sectors | $30.9M | 2.5% |
| Not classified | $356.5M | 28.8% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $1.2B | 63 | 21 | 10 | 21 | 110 | 78.4% | 24 |
| Q1 2026 | $1.2B | 152 | 30 | 8 | 37 | 21 | 78.1% | 42 |
| Q4 2025 | $1.3B | 143 | 24 | 58 | 30 | 15 | 79.1% | 41 |
| Q3 2025 | $1.3B | 134 | 111 | 8 | 5 | 23 | 88.0% | 36 |
| Q2 2025 | $1.3B | 46 | 10 | 1 | 6 | 8 | 94.2% | 32 |
| Q1 2025 | $871.3M | 44 | 7 | 3 | 33 | 8 | 94.4% | 36 |
| Q4 2024 | $1.8B | 45 | 8 | 2 | 9 | 5 | 94.2% | 28 |
| Q3 2024 | $1.7B | 42 | 5 | 5 | 9 | 5 | 94.8% | 25 |
| Q2 2024 | $2.2B | 42 | 7 | 32 | 3 | 5 | 97.9% | 23 |
| Q1 2024 | $1.1B | 40 | 5 | 2 | 7 | 4 | 97.2% | 40 |
| Q4 2023 | $665.5M | 39 | 0 | 0 | 0 | 0 | 97.0% | 37 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.