a16z Perennial Management, L.P.
Annual return '25
-1.8%
SPY '25
+17.7%
Alpha
-19.5ptsvs SPY
Invested
$2.4B
Holdings
142
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 99%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$COIN
COINBASE GLOBAL INC
Held since at least Q1 2024
23.3%
02
$IOT
SAMSARA INC
Held since at least Q1 2024
17.2%
03
$NU
NU HLDGS LTD
Held since at least Q1 2024
9.0%
04
$XHLF
BONDBLOXX ETF TRUST
Q1 2026: New position (182.3k shares)
6.4%
05
$AVGO
BROADCOM INC
Q1 2026: New position (4.6k shares)
4.0%
06
$VOO
VANGUARD INDEX FDS
Q1 2026: New position (592 shares)
3.8%
07
$ABNB
AIRBNB INC
Held since at least Q1 2024
3.4%
08
$AXP
AMERICAN EXPRESS CO
Held since at least Q1 2024
3.2%
09
$HOOD
ROBINHOOD MKTS INC
Q1 2026: New position (6.3k shares)
3.1%
10
$AGG
ISHARES TR
Held since at least Q1 2024
2.9%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 08:10 UTC.