a16z Perennial Management, L.P.

CIK

2009275

Location

MENLO PARK, CA

Portfolio Value

Micro $3,698,888

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 SPY

Hypothetical 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, 2025

Top 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	Positions
Financial Services	55.8%	$541,646,233	25
Technology	29.9%	$290,856,579	26
Communication Services	5.4%	$52,481,605	9
Consumer Cyclical	5.1%	$49,428,243	14
Healthcare	1.8%	$17,787,414	13
Industrials	0.5%	$5,280,090	11
Consumer Defensive	0.5%	$4,776,587	11
Unclassified	0.4%	$3,795,199	4
Energy	0.4%	$3,698,888	10
Utilities	0.1%	$698,097	3
Real Estate	0.0%	$422,954	2
Basic Materials	0.0%	$269,481	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
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
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
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
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.

Portfolio Positions

Compact Export CSV View 13F filing

10 positions · $3,698,888 total · Energy only · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
XOM	Exxon Mobil Corp Energy	Held	6,074	0	$1,030,514	+41.0%	27.86%
CVX	Chevron Corp Energy	Held	2,575	0	$532,767	+35.8%	14.40%
COP	Conocophillips Energy	Held	2,505	0	$330,660	+41.0%	8.94%
PSX	Phillips 66 Energy	Held	1,815	0	$330,656	+41.2%	8.94%
TPL	Texas Pacific Land Corp Energy	NEW	615	NEW	$291,854	NEW	7.89%
TTE	TotalEnergies SE Energy	NEW	2,906	NEW	$264,387	NEW	7.15%
KMI	Kinder Morgan, Inc. Energy	NEW	7,243	NEW	$242,857	NEW	6.57%
OKE	Oneok Inc /New/ Energy	NEW	2,606	NEW	$235,556	NEW	6.37%
SLB	Slb Limited/Nv Energy	NEW	4,478	NEW	$230,124	NEW	6.22%
E	Eni Spa Energy	NEW	3,701	NEW	$209,513	NEW	5.66%