Institutional Manager · CIK 0002009275
a16z Perennial Management, L.P.
MENLO PARK, CA · File #028-23598
Latest AUM
$1.33B
Positions
156
Top-10 Concentration
74.9%
Filings
11
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | COINBASE GLOBAL INC | 6918009DZ | -1,461,839 | -$493.4M | $0 |
| REDUCE | ISHARES TR | 464287200 | -305,889 | -$209.5M | +$232.4M |
| EXITED | SAMSARA INC | 7762249RN | -1,838,292 | -$68.5M | $0 |
| REDUCE | ROBINHOOD MKTS INC | 770700102 | -596,767 | -$67.5M | -$18.6M |
| REDUCE | OKTA INC | OKTA | -580,407 | -$50.2M | -$3.1M |
| EXITED | AIRBNB INC | 7723429EY | -347,635 | -$42.2M | $0 |
| NEW | COINBASE GLOBAL INC | COIN | +125,000 | +$28.3M | $0 |
| ADD | BROADCOM INC | AVGO | +80,401 | +$27.8M | +$1.0M |
| NEW | SAMSARA INC | IOT | +615,500 | +$21.8M | $0 |
| ADD | VANGUARD TAX-MANAGED FDS | 921943858 | +328,756 | +$20.5M | +$124,542 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025156 pos · $1.33B
- 13F HOLDINGS REPORTQ/E Sep 2025144 pos · $1.31B
- 13F HOLDINGS REPORTQ/E Jun 202554 pos · $1.31B
- 13F HOLDINGS REPORTQ/E Mar 202551 pos · $871.3M
- 13F HOLDINGS REPORT (Amended)Q/E Dec 202446 pos · $1.10B
- 13F HOLDINGS REPORT (Amended)Q/E Dec 202452 pos · $861.3M
- 13F HOLDINGS REPORT (Amended)Q/E Dec 202451 pos · $896.8M
- 13F HOLDINGS REPORTQ/E Dec 202446 pos · $872.1M
- 13F HOLDINGS REPORTQ/E Sep 202448 pos · $855.0M
- 13F HOLDINGS REPORTQ/E Jun 202444 pos · $1.10B
- 13F HOLDINGS REPORTQ/E Mar 202443 pos · $1.09B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | COINBASE GLOBAL INC | COIN | 1,461,157 | $330.4M | 25.67% |
| 2 | NU HLDGS LTD | NU | 13,748,400 | $230.1M | 17.88% |
| 3 | BONDBLOXX ETF TRUST | 09789C788 | 1,392,000 | $69.9M | 5.43% |
| 4 | ROBINHOOD MKTS INC | 770700102 | 594,422 | $67.2M | 5.22% |
| 5 | SAMSARA INC | IOT | 1,662,155 | $58.9M | 4.58% |
| 6 | BROADCOM INC | AVGO | 144,449 | $50.0M | 3.88% |
| 7 | AIRBNB INC | ABNB | 319,868 | $43.4M | 3.37% |
| 8 | VANGUARD INDEX FDS | 922908769 | 66,882 | $41.9M | 3.26% |
| 9 | META PLATFORMS INC | META | 59,902 | $39.5M | 3.07% |
| 10 | OKTA INC | OKTA | 376,210 | $32.5M | 2.53% |
| 11 | ISHARES TR | 464287200 | 45,250 | $31.0M | 2.41% |
| 12 | ISHARES TR | 46434V738 | 293,160 | $29.3M | 2.27% |
| 13 | COINBASE GLOBAL INC | COIN | 125,000 | $28.3M | 2.20% |
| 14 | VANGUARD TAX-MANAGED FDS | 921943858 | 377,596 | $23.6M | 1.83% |
| 15 | SAMSARA INC | IOT | 615,500 | $21.8M | 1.70% |
| 16 | REVOLUTION MEDICINES INC | RVMDW | 182,918 | $14.6M | 1.13% |
| 17 | VANGUARD INDEX FDS | 922908769 | 38,259 | $12.8M | 1.00% |
| 18 | JANUS DETROIT STR TR | 47103U845 | 237,049 | $12.0M | 0.93% |
| 19 | ISHARES TR | 46434V738 | 496,936 | $11.4M | 0.89% |
| 20 | ROBLOX CORP | RBLX | 113,547 | $9.2M | 0.71% |