a16z Perennial Management, L.P.
CIK
2009275
Location
MENLO PARK, CA
Portfolio Value
Small
$971,141,370
Diversification
Moderately concentrated
Filing Date
Global Rank
#1,538
/ 8,232
▲ 28
Top Industry
Financial Data & Stock Exchanges
26.6%
3Y Alpha vs SPY
-5.3%
Period ended 2 months ago
Filed May 12, 2026 · 32d
10 quarters · since Dec 2023
Clone Performance
Feb 2024–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+39.1%
SPY
+52.9%
Annualised alpha
-4.8%
Max drawdown
−39.6%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
130 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
26.4%
−7.0 pts
Top 5
75.0%
+1.3 pts
Top 10
89.1%
+1.3 pts
HHI
1,586
Moderately concentrated−166
Portfolio Trend
10 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 55.8% | $541,646,233 |
| Technology | 29.9% | $290,856,579 |
| Communication Services | 5.4% | $52,481,605 |
| Consumer Cyclical | 5.1% | $49,428,243 |
| Healthcare | 1.8% | $17,787,414 |
| Industrials | 0.5% | $5,280,090 |
| Consumer Defensive | 0.5% | $4,776,587 |
| Unclassified | 0.4% | $3,795,199 |
| Energy | 0.4% | $3,698,888 |
| Utilities | 0.1% | $698,097 |
| Real Estate | 0.0% | $422,954 |
| Basic Materials | 0.0% | $269,481 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
7 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| IOT | Samsara Inc. | +3,712,221 | 5,989,876 | $189,819,170 | |
| AXP | American Express Co | +116,030 | 116,708 | $35,301,835 | |
| NU | Nu Holdings Ltd. | +109,900 | 13,858,300 | $199,143,771 | |
| OMDA | Omada Health, Inc. | +35,334 | 192,466 | $2,419,297 | |
| AAPL | Apple Inc. | +900 | 25,820 | $6,552,857 | |
| AMD | Advanced Micro Devices Inc | +200 | 3,730 | $758,793 | |
| CRWD | CrowdStrike Holdings, Inc. | +189 | 5,736 | $2,239,391 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| DOCN | DigitalOcean Holdings, Inc. | −261,000 | 18,552 | $1,591,390 | |
| PINS | Pinterest, Inc. | −148,640 | 99,833 | $1,830,937 | |
| HOOD | Robinhood Markets, Inc. | −122,170 | 494,352 | $34,258,593 | |
| COIN | Coinbase Global, Inc. | −115,162 | 1,470,995 | $256,850,436 | |
| ABNB | Airbnb, Inc. | −80,475 | 299,493 | $37,819,976 | |
| RVMD | Revolution Medicines, Inc. | −78,704 | 104,214 | $10,134,811 | |
| OKTA | Okta, Inc. | −58,130 | 335,780 | $26,429,243 | |
| CART | Maplebear Inc. | −43,200 | 41,240 | $1,544,850 | |
| DASH | DoorDash, Inc. | −10,806 | 2,990 | $448,948 | |
| MFG | Mizuho Financial Group Inc | −10,779 | 17,819 | $141,482 | |
| SAN | Banco Santander, S.A. | −6,162 | 23,859 | $269,129 | |
| META | Meta Platforms, Inc. | −4,766 | 55,136 | $31,544,959 | |
| NVDA | Nvidia Corp | −2,214 | 37,215 | $6,490,296 | |
| BBVA | Banco Bilbao Vizcaya Argentaria, S.A. | −1,536 | 11,614 | $251,559 | |
| NFLX | Netflix Inc | −1,260 | 14,560 | $1,399,944 | |
| PLTR | Palantir Technologies Inc. | −1,202 | 7,954 | $1,163,511 | |
| AVGO | Broadcom Inc. | −918 | 143,531 | $44,424,279 | |
| HSBC | Hsbc Holdings PLC | −758 | 6,052 | $499,229 | |
| WMT | Walmart Inc. | −645 | 10,657 | $1,324,451 | |
| UBS | UBS Group AG | −511 | 5,648 | $220,667 | |
| TSLA | Tesla, Inc. | −387 | 3,928 | $1,460,234 | |
| GE | General Electric Co | −318 | 3,918 | $1,111,810 | |
| ANET | Arista Networks, Inc. | −252 | 3,024 | $371,286 | |
| WDC | Western Digital Corp | −240 | 1,771 | $479,037 | |
| MU | Micron Technology Inc | −224 | 2,458 | $830,410 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
15 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GOOGL | Alphabet Inc. | 13,980 | $4,020,088 | |
| AZN | Astrazeneca PLC | 1,993 | $393,059 | |
| SNDK | Sandisk Corp | 590 | $374,850 | |
| TPL | Texas Pacific Land Corp | 615 | $291,854 | |
| TTE | TotalEnergies SE | 2,906 | $264,387 | |
| NOW | ServiceNow, Inc. | 2,475 | $258,761 | |
| KMI | Kinder Morgan, Inc. | 7,243 | $242,857 | |
| BG | Bunge Global SA | 1,852 | $235,574 | |
| OKE | Oneok Inc /New/ | 2,606 | $235,556 | |
| SLB | Slb Limited/Nv | 4,478 | $230,124 | |
| NEE | Nextera Energy Inc | 2,460 | $228,484 | |
| E | Eni Spa | 3,701 | $209,513 | |
| HSY | Hershey Co | 1,007 | $209,345 | |
| HII | Huntington Ingalls Industries, Inc. | 540 | $205,146 | |
| T | At&T Inc. | 6,939 | $201,161 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
17 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| BAR | GraniteShares Gold Trust | 181,946 | $7,730,885 | |
| ABBV | AbbVie Inc. | 2,551 | $582,877 | |
| ADV | Advantage Solutions Inc. | 18,867 | $415,074 | |
| CRCL | Circle Internet Group, Inc. | 5,027 | $398,641 | |
| SAP | Sap SE | 1,544 | $375,053 | |
| ABT | Abbott Laboratories | 2,320 | $290,672 | |
| NVO | Novo Nordisk A S | 5,176 | $263,354 | |
| RDDT | Reddit, Inc. | 1,126 | $258,833 | |
| BSX | Boston Scientific Corp | 2,636 | $251,342 | |
| CEG | Constellation Energy Corp | 668 | $235,984 | |
| ADBE | Adobe Inc. | 673 | $235,543 | |
| ACN | Accenture plc | 862 | $231,274 | |
| SPGI | S&P Global Inc. | 426 | $222,623 | |
| ING | Ing Groep NV | 7,452 | $208,656 | |
| TMO | Thermo Fisher Scientific Inc. | 346 | $200,489 | |
| HLN | Haleon plc | 10,097 | $102,080 | |
| LYG | Lloyds Banking Group plc | 12,345 | $65,428 | |
| No positions match the current search. | ||||
130 positions ·
$971,141,370 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 130 positions by value
· page 1 of 3
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| COIN |
Coinbase Global, Inc.
Financial Services
|
Reduced | 1,470,995 | $256,850,436 | 26.45% | |
| NU |
Nu Holdings Ltd.
Financial Services
|
Added | 13,858,300 | $199,143,771 | 20.51% | |
| IOT |
Samsara Inc.
Technology
|
Added | 5,989,876 | $189,819,170 | 19.55% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 143,531 | $44,424,279 | 4.57% | |
| ABNB |
Airbnb, Inc.
Consumer Cyclical
|
Reduced | 299,493 | $37,819,976 | 3.89% | |
| AXP |
American Express Co
Financial Services
|
Added | 116,708 | $35,301,835 | 3.64% | |
| HOOD |
Robinhood Markets, Inc.
Financial Services
|
Reduced | 494,352 | $34,258,593 | 3.53% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 55,136 | $31,544,959 | 3.25% | |
| OKTA |
Okta, Inc.
Technology
|
Reduced | 335,780 | $26,429,243 | 2.72% | |
| RVMD |
Revolution Medicines, Inc.
Healthcare
|
Reduced | 104,214 | $10,134,811 | 1.04% | |
| AAPL |
Apple Inc.
Technology
|
Added | 25,820 | $6,552,857 | 0.67% | |
| DIS |
Walt Disney Co
Communication Services
|
Held | 67,804 | $6,534,949 | 0.67% | |
| NVDA |
Nvidia Corp
Technology
|
Reduced | 37,215 | $6,490,296 | 0.67% | |
| RBLX |
Roblox Corp
Communication Services
|
Reduced | 113,394 | $6,413,564 | 0.66% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Held | 24,069 | $5,012,850 | 0.52% | |
| AFRM |
Affirm Holdings, Inc.
Financial Services
|
Held | 103,220 | $4,729,540 | 0.49% | |
| MSFT |
Microsoft Corp
Technology
|
Held | 11,151 | $4,127,765 | 0.43% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
NEW | 13,980 | $4,020,088 | 0.41% | |
| OMDA |
Omada Health, Inc.
Healthcare
|
Added | 192,466 | $2,419,297 | 0.25% | |
| CRWD |
CrowdStrike Holdings, Inc.
Technology
|
Added | 5,736 | $2,239,391 | 0.23% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 4,623 | $2,215,341 | 0.23% | |
| BITB |
Bitwise Bitcoin ETF
|
Held | 50,502 | $1,858,978 | 0.19% | |
| PINS |
Pinterest, Inc.
Communication Services
|
Reduced | 99,833 | $1,830,937 | 0.19% | |
| DOCN |
DigitalOcean Holdings, Inc.
Technology
|
Reduced | 18,552 | $1,591,390 | 0.16% | |
| CART |
Maplebear Inc.
Consumer Cyclical
|
Reduced | 41,240 | $1,544,850 | 0.16% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Reduced | 3,928 | $1,460,234 | 0.15% | |
| NFLX |
Netflix Inc
Communication Services
|
Reduced | 14,560 | $1,399,944 | 0.14% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 10,657 | $1,324,451 | 0.14% | |
| PLTR |
Palantir Technologies Inc.
Technology
|
Reduced | 7,954 | $1,163,511 | 0.12% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Reduced | 1,238 | $1,138,675 | 0.12% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Held | 3,789 | $1,114,572 | 0.11% | |
| GE |
General Electric Co
Industrials
|
Reduced | 3,918 | $1,111,810 | 0.11% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Reduced | 1,273 | $1,076,945 | 0.11% | |
| XOM |
Exxon Mobil Corp
Energy
|
Held | 6,074 | $1,030,514 | 0.11% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Held | 3,519 | $860,184 | 0.09% | |
| GEV |
GE Vernova Inc.
Industrials
|
Reduced | 980 | $855,442 | 0.09% | |
| MS |
Morgan Stanley
Financial Services
|
Held | 5,130 | $844,244 | 0.09% | |
| UI |
Ubiquiti Inc.
Technology
|
Held | 1,058 | $836,126 | 0.09% | |
| MU |
Micron Technology Inc
Technology
|
Reduced | 2,458 | $830,410 | 0.09% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Held | 1,239 | $805,771 | 0.08% | |
| IAUM |
iShares Gold Trust Micro
|
Held | 17,077 | $797,495 | 0.08% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Added | 3,730 | $758,793 | 0.08% | |
| AON |
Aon plc
Financial Services
|
Held | 2,310 | $745,621 | 0.08% | |
| RTX |
RTX Corp
Industrials
|
Held | 3,418 | $659,332 | 0.07% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Held | 653 | $650,668 | 0.07% | |
| MAR |
Marriott International Inc /Md/
Consumer Cyclical
|
Held | 1,951 | $638,113 | 0.07% | |
| ASML |
Asml Holding NV
Technology
|
Held | 478 | $631,356 | 0.07% | |
| ORCL |
Oracle Corp
Technology
|
Reduced | 4,239 | $623,599 | 0.06% | |
| CAT |
Caterpillar Inc
Industrials
|
Held | 858 | $607,858 | 0.06% | |
| C |
Citigroup Inc
Financial Services
|
Held | 5,351 | $606,856 | 0.06% |