a16z Perennial Management, L.P.

hedge fundUpdated 48 days ago

Managed by A16Z Perennial Management, L.P. • Latest filing Q2 2026

Portfolio value

$1.2B

Q2 2026

Filings

11

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

51.2%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 11 quarters

Show data table

Period	Portfolio value
Q4 2023	$665.5M
Q1 2024	$1.1B
Q2 2024	$1.1B
Q3 2024	$855M
Q4 2024	$872.1M
Q1 2025	$871.3M
Q2 2025	$1.3B
Q3 2025	$1.3B
Q4 2025	$1.3B
Q1 2026	$1.2B
Q2 2026	$1.2B

Top holdings

63 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	C COIN COINBASE GLOBAL INC	$215.5M	1.47M	17.42%	Added(+0.2%)
2	N NU NU HLDGS LTD	$193M	14.44M	15.60%	Added(+4.2%)
3	I IOT SAMSARA INC	$173.3M	5.34M	14.01%	Trimmed(-10.8%)
4	V VGES VANGUARD INDEX FDS	$100.8M	147.4K	8.15%	Added(+113.0%)
5	E ETHA ISHARES TR	$61M	615.3K	4.93%	Added(+91.5%)
6	A AVGO BROADCOM INC	$51.3M	135.8K	4.15%	Trimmed(-5.4%)
7	V VGES VANGUARD TAX-MANAGED FDS	$47.5M	667.5K	3.84%	Added(+77.0%)
8	H HOOD ROBINHOOD MKTS INC	$47.1M	469.2K	3.80%	Trimmed(-5.1%)
9	A ABNB AIRBNB INC	$42.2M	294.9K	3.41%	Trimmed(-1.5%)
10	E ETHA ISHARES TR	$38.9M	51.9K	3.14%	Added(+14.7%)
11	M META META PLATFORMS INC	$28.8M	51.1K	2.32%	Trimmed(-7.4%)
12	A AXP AMERICAN EXPRESS CO	$20.2M	59.8K	1.63%	Trimmed(-48.8%)
13	V VGES VANGUARD INDEX FDS	$16.5M	44.7K	1.34%	Trimmed(-0.6%)
14	? N/A TIDAL TRUST I	$16.2M	726.7K	1.31%	—
15	G GLD WORLD GOLD TR	$15.7M	198.1K	1.27%	—
16	O OKTA OKTA INC	$14.1M	103.1K	1.14%	Trimmed(-69.3%)
17	? N/A JANUS DETROIT STR TR	$11M	217.2K	0.89%	Trimmed(-8.4%)
18	? N/A ISHARES TR	$10.5M	460.0K	0.85%	Added(+322.6%)
19	E ETHA ISHARES INC	$9.9M	119.0K	0.80%	—
20	? N/A REVOLUTION MEDICINES INC	$9.6M	51.5K	0.78%	Trimmed(-50.6%)

C

COINBASE GLOBAL INC

+0.2%

Value

$215.5M

Shares

1.47M

% Port

17.42%

N

2.NU

NU HLDGS LTD

+4.2%

Value

$193M

Shares

14.44M

% Port

15.60%

I

SAMSARA INC

-10.8%

Value

$173.3M

Shares

5.34M

% Port

14.01%

V

VANGUARD INDEX FDS

+113.0%

Value

$100.8M

Shares

147.4K

% Port

8.15%

E

ISHARES TR

+91.5%

Value

$61M

Shares

615.3K

% Port

4.93%

A

BROADCOM INC

-5.4%

Value

$51.3M

Shares

135.8K

% Port

4.15%

V

VANGUARD TAX-MANAGED FDS

+77.0%

Value

$47.5M

Shares

667.5K

% Port

3.84%

H

ROBINHOOD MKTS INC

-5.1%

Value

$47.1M

Shares

469.2K

% Port

3.80%

A

AIRBNB INC

-1.5%

Value

$42.2M

Shares

294.9K

% Port

3.41%

E

ISHARES TR

+14.7%

Value

$38.9M

Shares

51.9K

% Port

3.14%

M

META PLATFORMS INC

-7.4%

Value

$28.8M

Shares

51.1K

% Port

2.32%

A

12.AXP

AMERICAN EXPRESS CO

-48.8%

Value

$20.2M

Shares

59.8K

% Port

1.63%

V

VANGUARD INDEX FDS

-0.6%

Value

$16.5M

Shares

44.7K

% Port

1.34%

?

14.N/A

TIDAL TRUST I

Value

$16.2M

Shares

726.7K

% Port

1.31%

G

15.GLD

WORLD GOLD TR

Value

$15.7M

Shares

198.1K

% Port

1.27%

O

OKTA INC

-69.3%

Value

$14.1M

Shares

103.1K

% Port

1.14%

?

17.N/A

JANUS DETROIT STR TR

-8.4%

Value

$11M

Shares

217.2K

% Port

0.89%

?

18.N/A

ISHARES TR

+322.6%

Value

$10.5M

Shares

460.0K

% Port

0.85%

E

ISHARES INC

Value

$9.9M

Shares

119.0K

% Port

0.80%

?

20.N/A

REVOLUTION MEDICINES INC

-50.6%

Value

$9.6M

Shares

51.5K

% Port

0.78%

View full portfolio (63 holdings) →

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