a16z Perennial Management, L.P.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), a16z Perennial Management, L.P. reported 142 stock positions worth $1.2 billion. Its top holding was Coinbase Global Class A (COIN) at 21.4% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 16.6%) and Samsara Class A (IOT, 15.8%). Compared with Q4 2025, it opened 19 new positions, sold out of 20, added to 9 and reduced 40. The biggest buy was Samsara Class A (IOT, shares +260%) and the biggest sale an exit from iShares Core MSCI Europe ETF (IEUR).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0002009275
- Portfolio Value
- $1.2B (Q1 2026)
- SEC Filing
- 0002009275-26-000002 ↗ filed May 12, 2026
Holdings Value
Holdings 142 stocks · $1.2B
| COIN Coinbase Global Inc. Class A | 21.37% | 1,470,995 | $256.9M | Add +0.7% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 16.57% | 13,858,300 | $199.1M | Add +0.8% |
| IOT Samsara Inc. Class A | 15.79% | 5,989,876 | $189.8M | Add +260.4% |
| XHLF Bondbloxx BBG 6 MTH US Treas | 5.83% | 1,392,000 | $70.1M | No change |
| AVGO Broadcom Inc. | 3.70% | 143,531 | $44.4M | Reduce -0.6% |
| VOO Vanguard S&P 500 ETF | 3.44% | 69,192 | $41.3M | New |
| ABNB Airbnb Inc. Class A | 3.15% | 299,493 | $37.8M | Reduce -6.4% |
| AXP American Express Co. | 2.94% | 116,708 | $35.3M | Add +17113.6% |
| HOOD Robinhood Markets Inc. Class A | 2.85% | 494,352 | $34.3M | Reduce -16.8% |
| AGG iShares Core U.S. Aggregate | 2.65% | 321,231 | $31.9M | New |
| META Meta Platforms Inc. Class A | 2.62% | 55,136 | $31.5M | Reduce -8.0% |
| IVV iShares Core S&P 500 ETF | 2.46% | 45,250 | $29.6M | No change |
| OKTA Okta Inc. | 2.20% | 335,780 | $26.4M | Reduce -10.8% |
| VEA Vanguard Ftse Developed ETF | 2.01% | 377,003 | $24.2M | Reduce -0.2% |
| VTI VG Morningstar TS MKT ETF-US | 1.20% | 44,959 | $14.4M | Reduce -57.2% |
| JAAA Janus Henderson Aaa Clo ETF | 0.99% | 237,152 | $11.9M | Add +0.0% |
| RVMD Revolution Medicines Inc. | 0.84% | 104,214 | $10.1M | Reduce -43.0% |
| AAPL Apple Inc. | 0.55% | 25,820 | $6.6M | Add +3.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.54% | 67,804 | $6.5M | No change |
| NVDA Nvidia Corp. | 0.54% | 37,215 | $6.5M | Reduce -5.6% |
| RBLX Roblox Corp. Class A | 0.53% | 113,394 | $6.4M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 0.42% | 24,069 | $5.0M | No change |
| AFRM Affirm Holdings Inc. | 0.39% | 103,220 | $4.7M | No change |
| MSFT Microsoft Corp. | 0.34% | 11,151 | $4.1M | No change |
| GOOGL Alphabet Inc. Class A | 0.33% | 13,980 | $4.0M | New |
| GOOG Alphabet Inc. Class C | 0.29% | 11,968 | $3.4M | Reduce -56.4% |
| GOVT iShares US Treasury Bond ETF | 0.21% | 108,847 | $2.5M | New |
| OMDA Omada Health Inc. | 0.20% | 192,466 | $2.4M | Add +22.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.19% | 5,736 | $2.2M | Add +3.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.18% | 4,623 | $2.2M | Reduce -0.0% |
| BITB Bitwise Bitcoin ETF | 0.15% | 50,502 | $1.9M | No change |
| PINS Pinterest Inc. Class A | 0.15% | 99,833 | $1.8M | Reduce -59.8% |
| DOCN Digitalocean Holdings Inc. | 0.13% | 18,552 | $1.6M | Reduce -86.9% |
| CART Maplebear Inc. | 0.13% | 41,240 | $1.5M | Reduce -12.0% |
| TSLA Tesla Inc. | 0.12% | 3,928 | $1.5M | Reduce -9.0% |
| NFLX Netflix Inc. | 0.12% | 14,560 | $1.4M | Reduce -8.0% |
| WMT Walmart Inc. | 0.11% | 10,657 | $1.3M | Reduce -5.7% |
| PLTR Palantir Technologies Inc. Class A | 0.10% | 7,954 | $1.2M | Reduce -13.1% |
| LLY Eli Lilly & Co. | 0.09% | 1,238 | $1.1M | Reduce -10.1% |
| JPM JPMorgan Chase & Co. | 0.09% | 3,789 | $1.1M | No change |
| GE General Electric filed as GE AEROSPACE | 0.09% | 3,918 | $1.1M | Reduce -7.5% |
| GS Goldman Sachs Group Inc. | 0.09% | 1,273 | $1.1M | Reduce -6.7% |
| DFAC Dimensional US Core Equity 2 | 0.09% | 26,550 | $1.0M | No change |
| XOM Exxon Mobil Corp. | 0.09% | 6,074 | $1.0M | No change |
| JNJ Johnson & Johnson | 0.07% | 3,519 | $860K | No change |
| GEV GE Vernova Inc. | 0.07% | 980 | $855K | Reduce -14.5% |
| MS Morgan Stanley | 0.07% | 5,130 | $844K | No change |
| UI Ubiquiti Inc. | 0.07% | 1,058 | $836K | No change |
| MU Micron Technology Inc. | 0.07% | 2,458 | $830K | Reduce -8.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 1,239 | $806K | No change |
| IAUM iShares Gold Trust Micro | 0.07% | 17,077 | $797K | No change |
| AMD Advanced Micro Devices | 0.06% | 3,730 | $759K | Add +5.7% |
| AON Aon PLC Class A | 0.06% | 2,310 | $746K | No change |
| RTX RTX Corp. | 0.05% | 3,418 | $659K | No change |
| COST Costco Wholesale Corp. | 0.05% | 653 | $651K | No change |
| MAR Marriott International Class A | 0.05% | 1,951 | $638K | No change |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.05% | 478 | $631K | No change |
| ORCL Oracle Corp. | 0.05% | 4,239 | $624K | Reduce -2.1% |
| CAT Caterpillar Inc. | 0.05% | 858 | $608K | No change |
| C Citigroup Inc. | 0.05% | 5,351 | $607K | No change |
| WVE Wave Life Sciences Ltd. | 0.05% | 77,619 | $563K | No change |
| WFC Wells Fargo & Co. | 0.04% | 6,747 | $537K | Reduce -2.3% |
| CVX Chevron Corp. | 0.04% | 2,575 | $533K | No change |
| AMAT Applied Materials Inc. | 0.04% | 1,512 | $517K | Reduce -11.3% |
| KO The Coca-Cola Co. | 0.04% | 6,787 | $516K | No change |
| UNH Unitedhealth Group Inc. | 0.04% | 1,879 | $508K | No change |
| GILD Gilead Sciences Inc. | 0.04% | 3,640 | $507K | No change |
| KLAC KLA Corp. | 0.04% | 344 | $507K | Reduce -7.8% |
| COF Capital One Financial Corp. | 0.04% | 2,756 | $503K | Reduce -2.6% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.04% | 6,052 | $499K | Reduce -11.1% |
| V Visa Inc. Class A | 0.04% | 1,602 | $484K | No change |
| PG The Procter & Gamble Co. | 0.04% | 3,327 | $481K | No change |
| WDC Western Digital Corp. | 0.04% | 1,771 | $479K | Reduce -11.9% |
| ADI Analog Devices Inc. | 0.04% | 1,469 | $467K | No change |
| DASH DoorDash Inc. Class A | 0.04% | 2,990 | $449K | Reduce -78.3% |
| ETN Eaton Corp. PLC | 0.04% | 1,238 | $443K | No change |
| MRK Merck & Co. Inc. | 0.04% | 3,612 | $434K | No change |
| HD Home Depot Inc. | 0.04% | 1,287 | $423K | No change |
| PM Philip Morris International | 0.04% | 2,546 | $421K | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.04% | 3,547 | $421K | No change |
| HLT Hilton Worldwide Holdings Inc. | 0.03% | 1,356 | $412K | No change |
| NVS Novartis AG-Sponsored ADR | 0.03% | 2,618 | $400K | No change |
| CRM Salesforce Inc. | 0.03% | 2,117 | $395K | No change |
| AZN Astrazeneca PLC | 0.03% | 1,993 | $393K | No change |
| SNDK Sandisk Corp. | 0.03% | 590 | $375K | New |
| ANET Arista Networks Inc. | 0.03% | 3,024 | $371K | Reduce -7.7% |
| MA Mastercard Inc. Class A | 0.03% | 724 | $362K | No change |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.03% | 21,108 | $358K | No change |
| GM General Motors Co. | 0.03% | 4,636 | $345K | No change |
| ETHW Bitwise Ethereum ETF | 0.03% | 22,197 | $333K | No change |
| COP Conocophillips | 0.03% | 2,505 | $331K | No change |
| PSX Phillips 66 | 0.03% | 1,815 | $331K | No change |
| PWR Quanta Services Inc. | 0.03% | 584 | $321K | Reduce -8.3% |
| CMCSA Comcast Corp. Class A | 0.03% | 10,959 | $315K | No change |
| HWM Howmet Aerospace Inc. | 0.03% | 1,321 | $304K | No change |
| NOC Northrop Grumman Corp. | 0.03% | 440 | $300K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.02% | 1,852 | $296K | No change |
| TXN Texas Instruments Inc. | 0.02% | 1,509 | $293K | No change |
| TPL Texas Pacific Land Corp. | 0.02% | 615 | $292K | New |
| PFE Pfizer Inc. | 0.02% | 10,118 | $284K | No change |
Options reported separately and not counted above: AIRBNB INC puts ($1.2M), OKTA INC puts ($467K), SAMSARA INC puts ($462K), REVOLUTION MEDICINES INC puts ($195K), MAPLEBEAR INC puts ($70K), ROBINHOOD MKTS INC puts ($51K), COINBASE GLOBAL INC puts ($35K), NU HLDGS LTD puts ($14K), DIGITALOCEAN HLDGS INC puts ($4K), STATE STR SPDR S&P 500 ETF T puts ($581).
Portfolio Sells Q4 2025 → Q1 2026
| IEUR iShares Core MSCI Europe ETF | Sold out | 0.00% | −3.76 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -57.2% | 1.20% | −3.15 |
| HOOD Robinhood Markets Inc. Class A | Reduce -16.8% | 2.85% | −2.48 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.63 |
| BAR Graniteshares Gold Trust | Sold out | 0.00% | −0.61 |
| META Meta Platforms Inc. Class A | Reduce -8.0% | 2.62% | −0.51 |
| DOCN Digitalocean Holdings Inc. | Reduce -86.9% | 0.13% | −0.41 |
| GOOG Alphabet Inc. Class C | Reduce -56.4% | 0.29% | −0.40 |
| OKTA Okta Inc. | Reduce -10.8% | 2.20% | −0.38 |
| PINS Pinterest Inc. Class A | Reduce -59.8% | 0.15% | −0.36 |
| RVMD Revolution Medicines Inc. | Reduce -43.0% | 0.84% | −0.31 |
| ABNB Airbnb Inc. Class A | Reduce -6.4% | 3.15% | −0.30 |
| AVGO Broadcom Inc. | Reduce -0.6% | 3.70% | −0.27 |
| DASH DoorDash Inc. Class A | Reduce -78.3% | 0.04% | −0.21 |
| RBLX Roblox Corp. Class A | Reduce -0.1% | 0.53% | −0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.0% | 0.18% | −0.06 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.06 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.05 |
| NVDA Nvidia Corp. | Reduce -5.6% | 0.54% | −0.04 |
| CART Maplebear Inc. | Reduce -12.0% | 0.13% | −0.04 |
| TSLA Tesla Inc. | Reduce -9.0% | 0.12% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -13.1% | 0.10% | −0.03 |
| CRCL Circle Internet Group Inc. | Sold out | 0.00% | −0.03 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.03 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -10.1% | 0.09% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.02 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.02 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.02 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.02 |
| CEG Constellation Energy | Sold out | 0.00% | −0.02 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.02 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.02 |
| ING ING Groep N.V.-Sponsored ADR | Sold out | 0.00% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.02 |
| ORCL Oracle Corp. | Reduce -2.1% | 0.05% | −0.02 |
| COF Capital One Financial Corp. | Reduce -2.6% | 0.04% | −0.01 |
| GE General Electric | Reduce -7.5% | 0.09% | −0.01 |
| HLN Haleon PLC-ADR | Sold out | 0.00% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -2.3% | 0.04% | −0.01 |
| SAN Banco Santander SA-Spon ADR | Reduce -20.5% | 0.02% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -6.7% | 0.09% | −0.01 |
| LYG Lloyds Banking Group PLC-ADR | Sold out | 0.00% | −0.01 |
| MFG Mizuho Financial Group-ADR | Reduce -37.7% | 0.01% | −0.00 |
| UBS UBS Group AG-Reg | Reduce -8.3% | 0.02% | −0.00 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Reduce -11.7% | 0.02% | −0.00 |
| ANET Arista Networks Inc. | Reduce -7.7% | 0.03% | −0.00 |
| ADV Advantage Solutions Inc. | Sold out | 0.00% | −0.00 |
| NFLX Netflix Inc. | Reduce -8.0% | 0.12% | −0.00 |
| HSBC HSBC Holdings PLC-Spons ADR | Reduce -11.1% | 0.04% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| IOT Samsara Inc. Class A | Add +260.4% | 15.79% | +11.12 |
| VOO Vanguard S&P 500 ETF | New | 3.44% | +3.44 |
| AXP American Express Co. | Add +17113.6% | 2.94% | +2.92 |
| AGG iShares Core U.S. Aggregate | New | 2.65% | +2.65 |
| GOOGL Alphabet Inc. Class A | New | 0.33% | +0.33 |
| GOVT iShares US Treasury Bond ETF | New | 0.21% | +0.21 |
| JAAA Janus Henderson Aaa Clo ETF | Add +0.0% | 0.99% | +0.04 |
| SNDK Sandisk Corp. | New | 0.03% | +0.03 |
| TPL Texas Pacific Land Corp. | New | 0.02% | +0.02 |
| CMF iShares California Muni Bond | New | 0.02% | +0.02 |
| TTE Totalenergies SE | New | 0.02% | +0.02 |
| NOW ServiceNow Inc. | New | 0.02% | +0.02 |
| CLOZ Eldridge BBB-B Clo ETF | New | 0.02% | +0.02 |
| KMI Kinder Morgan Inc. | New | 0.02% | +0.02 |
| OKE Oneok Inc. | New | 0.02% | +0.02 |
| BG Bunge Global SA | New | 0.02% | +0.02 |
| SLB SLB Ltd. | New | 0.02% | +0.02 |
| NEE Nextera Energy Inc. | New | 0.02% | +0.02 |
| E Eni SPA-Sponsored ADR | New | 0.02% | +0.02 |
| HSY The Hershey Co. | New | 0.02% | +0.02 |
| HII Huntington Ingalls Industrie | New | 0.02% | +0.02 |
| T AT&T Inc. | New | 0.02% | +0.02 |
| AAPL Apple Inc. | Add +3.6% | 0.55% | +0.01 |
| AMD Advanced Micro Devices | Add +5.7% | 0.06% | +0.00 |
| OMDA Omada Health Inc. | Add +22.5% | 0.20% | 0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +3.4% | 0.19% | −0.02 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +0.8% | 16.57% | −1.69 |
| COIN Coinbase Global Inc. Class A | Add +0.7% | 21.37% | −4.84 |
Options Activity Q4 2025 → Q1 2026
| COIN Coinbase Global Inc. Class A | put | Sold out | 125,000 | $28.3Mbefore exit |
| IOT Samsara Inc. Class A | put | Sold out | 615,500 | $21.8Mbefore exit |
| ABNB Airbnb Inc. Class A | put | Sold out | 60,100 | $8.2Mbefore exit |
| DOCN Digitalocean Holdings Inc. | put | Sold out | 138,200 | $6.7Mbefore exit |
| HOOD Robinhood Markets Inc. Class A | put | Sold out | 22,100 | $2.5Mbefore exit |
| CART Maplebear Inc. | put | Sold out | 37,600 | $1.7Mbefore exit |
| OKTA Okta Inc. | put | Sold out | 17,700 | $1.5Mbefore exit |
| AIRBNB INC | put | New | 249,000 | $1.2M |
| OKTA INC | put | New | 235,800 | $467K |
| SAMSARA INC | put | New | 1,321,200 | $462K |
| REVOLUTION MEDICINES INC | put | New | 27,300 | $195K |
| MAPLEBEAR INC | put | New | 32,000 | $70K |
| ROBINHOOD MKTS INC | put | New | 14,500 | $51K |
| COINBASE GLOBAL INC | put | New | 120,700 | $35K |
| NU HLDGS LTD | put | New | 1,367,500 | $14K |
| DIGITALOCEAN HLDGS INC | put | New | 15,400 | $4K |
| STATE STR SPDR S&P 500 ETF T | put | New | 700 | $581 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 61 | $1.2B | COIN, NU, IOT, VOO, AGG |
| Q1 2026 | 142 | $1.2B | COIN, NU, IOT, XHLF, AVGO |
| Q4 2025 | 143 | $1.3B | COIN, NU, XHLF, HOOD, IOT |
| Q3 2025 | 134 | $1.3B | COINBASE GLOBAL INC, NU, HOOD, XHLF, SAMSARA INC |
| Q2 2025 | 46 | $1.2B | COIN, NU, XHLF, ABNB, ROBINHOOD MKTS INC |
| Q1 2025 | 44 | $802.3M | COIN, NU, XHLF, ABNB, OKTA |
| Q4 2024Amended | 44 | $861.1M | COIN, NU, ABNB, OKTA, ROBINHOOD MKTS INC |
| Q3 2024Amended | 41 | $812.4M | COINBASE GLOBAL INC, NU, XHLF, ABNB, OKTA |
| Q2 2024Amended | 41 | $934.6M | COIN, NU, ABNB, XHLF, OKTA |
| Q1 2024 | 39 | $1.1B | COIN, NU HLDGS LTD, ABNB, XHLF, OKTA |