DOSSIER · 13F-HR · Q2 2026

a16z Perennial Management, L.P.

$1.2B in tracked AUM across 63 positions as of Q2 2026.

AP
CIK 0002009275 · last filed Jun 30, 2026
Total AUM
$1.2B
as of Q2 2026
Holdings
63
positions
Whale Score
73
73
strong
Activity
no data
changes this Q
AI Analysis · Q2 2026
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...

The top three positions—Coinbase Global, Nu Holdings, and BondBloxx ETF Trust—account for approximately 76.7% of the total portfolio value. This lack of diversification suggests a high-conviction strategy where the firm allocates substantial capital to specific thematic bets rather than broad risk mitigation. The portfolio composition is heavily skewed towards equities and crypto-adjacent assets, with minimal allocation to traditional fixed income (outside of the BondBloxx position) and defensive sectors.

Key Holdings

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
COIN
COINBASE GLOBAL INC
$215M1.5M17.4%
02
G6683N103
NU HLDGS LTD
$193M14.4M15.6%
03
IOT
SAMSARA INC
$173M5.3M14.0%
04
VOO
VANGUARD INDEX FDS
$101M147K8.2%
05
AGG
ISHARES TR
$61M615K4.9%
06
AVGO
BROADCOM INC
$51M136K4.1%
07
VEA
VANGUARD TAX-MANAGED FDS
$47M667K3.8%
08
HOOD
ROBINHOOD MKTS INC
$47M469K3.8%
09
ABNB
AIRBNB INC
$42M295K3.4%
10
IVV
ISHARES TR
$39M52K3.1%

Filing history

2026Q2Jun 30
$1.2B 2.7%
63 positionsView →
2026Q1Mar 31
$1.2B 9.5%
152 positionsView →
2025Q4Dec 31
$1.3B 23.9%
156 positionsView →
2025Q3Sep 30
$1.1B 17.7%
71 positionsView →
2025Q2Jun 30
$1.3B 105.4%
54 positionsLocked
2025Q1Mar 31
$636M 64.1%
31 positionsLocked
2024Q4Dec 31
$1.8B 3.1%
97 positionsLocked
2024Q3Sep 30
$1.7B 21.9%
100 positionsLocked
2024Q2Jun 30
$2.2B 100.9%
90 positionsLocked
2024Q1Mar 31
$1.1B 64.3%
43 positionsLocked
2023Q4Dec 31
$666M
47 positionsLocked