a16z Perennial Management, L.P.

Portfolio Overview

As of the reporting period ended September 30, 2025, a16z Perennial Management, L.P. managed a portfolio totaling approximately $1.07 billion across 71 holdings. This represents a significant decrease in portfolio value of 17.7% compared to the previous quarter ($1.31B). The portfolio is characterized by an exceptionally high concentration risk, with a "barbell" structure that heavily favors a small number of core positions while maintaining a long tail of smaller, diversi...