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

0$500.0M$1.0B$1.5B Q1 2024: $1.1B Q1 2024 Q2 2024: $934.6M Q2 2024 Q3 2024: $812.4M Q3 2024 Q4 2024: $861.1M Q4 2024 Q1 2025: $802.3M Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.2B $1.2B Q1 2026 Q2 2026: $1.2B Q2 2026

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
MCD McDonald's Corp. 0.02% 905 $281K No change
SAN Banco Santander SA-Spon ADR 0.02% 23,859 $269K Reduce -20.5%
CL Colgate-Palmolive Co. 0.02% 3,156 $269K No change
CMF iShares California Muni Bond 0.02% 4,710 $268K New
TTE Totalenergies SE 0.02% 2,906 $264K New
CMI Cummins Inc. 0.02% 490 $264K No change
EBAY eBay Inc. 0.02% 2,886 $263K No change
NOW ServiceNow Inc. 0.02% 2,475 $259K New
TM Toyota Motor Corp. -Spon ADR 0.02% 1,226 $253K No change
CLOZ Eldridge BBB-B Clo ETF 0.02% 9,850 $253K New
BBVA Banco Bilbao Vizcaya-SP ADR 0.02% 11,614 $252K Reduce -11.7%
SMFG Sumitomo Mitsui-Spons ADR 0.02% 12,699 $251K No change
KMI Kinder Morgan Inc. 0.02% 7,243 $243K New
DUK Duke Energy Corp. 0.02% 1,847 $242K No change
INTU Intuit Inc. 0.02% 550 $238K No change
BG Bunge Global SA 0.02% 1,852 $236K New
OKE Oneok Inc. 0.02% 2,606 $236K New
AIG American International Group 0.02% 3,124 $235K No change
LRCX Lam Research Corp. 0.02% 1,100 $235K Reduce -14.7%
PEP Pepsico Inc. 0.02% 1,498 $233K No change
SLB SLB Ltd. filed as SLB LIMITED 0.02% 4,478 $230K New
LOW Lowe's Cos Inc. 0.02% 973 $230K No change
NEE Nextera Energy Inc. 0.02% 2,460 $228K New
FE Firstenergy Corp. 0.02% 4,496 $228K No change
CBOE Cboe Global Markets Inc. 0.02% 803 $226K No change
TMUS T-Mobile US Inc. 0.02% 1,054 $221K No change
BTI British American Tob-SP ADR 0.02% 3,786 $221K No change
UBS UBS Group AG-Reg 0.02% 5,648 $221K Reduce -8.3%
UL Unilever PLC-Sponsored ADR 0.02% 3,790 $216K No change
AMT American Tower Corp. 0.02% 1,237 $213K No change
E Eni SPA-Sponsored ADR 0.02% 3,701 $210K New
SPG Simon Property Group Inc. 0.02% 1,123 $209K No change
HSY The Hershey Co. 0.02% 1,007 $209K New
EXPD Expeditors Intl Wash Inc. 0.02% 1,458 $209K No change
HII Huntington Ingalls Industrie 0.02% 540 $205K New
CDNS Cadence Design SYS Inc. 0.02% 730 $203K No change
STLD Steel Dynamics Inc. 0.02% 1,126 $203K Reduce -8.7%
T AT&T Inc. 0.02% 6,939 $201K New
MFG Mizuho Financial Group-ADR 0.01% 17,819 $141K Reduce -37.7%
IVVD Invivyd Inc. 0.01% 79,869 $104K No change
ICL Icl Group Ltd. 0.01% 12,896 $67K No change
RCKT Rocket Pharmaceuticals Inc. 0.00% 11,335 $41K 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 61$1.2BCOIN, NU, IOT, VOO, AGG
Q1 2026 142$1.2BCOIN, NU, IOT, XHLF, AVGO
Q4 2025 143$1.3BCOIN, NU, XHLF, HOOD, IOT
Q3 2025 134$1.3BCOINBASE GLOBAL INC, NU, HOOD, XHLF, SAMSARA INC
Q2 2025 46$1.2BCOIN, NU, XHLF, ABNB, ROBINHOOD MKTS INC
Q1 2025 44$802.3MCOIN, NU, XHLF, ABNB, OKTA
Q4 2024Amended 44$861.1MCOIN, NU, ABNB, OKTA, ROBINHOOD MKTS INC
Q3 2024Amended 41$812.4MCOINBASE GLOBAL INC, NU, XHLF, ABNB, OKTA
Q2 2024Amended 41$934.6MCOIN, NU, ABNB, XHLF, OKTA
Q1 2024 39$1.1BCOIN, NU HLDGS LTD, ABNB, XHLF, OKTA