Q4 2025 · 13F-HR
a16z Perennial Management, L.P.holdings as filed
Filed 2026-02-10 · accession 0002009275-26-000001
$1.33B
Reported value
150
Positions
2025-12-31
Period end
The Brief · a16z Perennial Management, L.P. · Q4 2025
AI · grounded in 13F
a16z Perennial Management, L.P. established a new position in COIN valued at $358.7M. The fund also opened new stakes in IOT for $80.7M and VTI for $54.8M. Additionally, the manager accumulated more shares of AVGO, increasing the position by 125.5%. These moves come as the fund added 86 positions and reduced 50 others.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 19260Q107 | COIN | COINBASE GLOBAL INC | $330.4M | 24.8% | 1,461,157 | Common | NONE |
| G6683N103 | NU | NU HLDGS LTD | $230.1M | 17.3% | 13,748,400 | Common | NONE |
| 09789C788 | XHLF | BONDBLOXX ETF TRUST | $69.9M | 5.25% | 1,392,000 | Common | NONE |
| 770700102 | HOOD | ROBINHOOD MKTS INC | $67.2M | 5.05% | 594,422 | Common | NONE |
| 79589L106 | IOT | SAMSARA INC | $58.9M | 4.43% | 1,662,155 | Common | NONE |
| 922908769 | VTI | VANGUARD INDEX FDS | $54.8M | 4.11% | 105,141 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $50.0M | 3.76% | 144,449 | Common | NONE |
| 46434V738 | IEUR | ISHARES TR | $47.4M | 3.56% | 853,180 | Common | NONE |
| 009066101 | ABNB | AIRBNB INC | $43.4M | 3.26% | 319,868 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $39.5M | 2.97% | 59,902 | Common | NONE |
| 679295105 | OKTA | OKTA INC | $32.5M | 2.44% | 376,210 | Common | NONE |
| 464287200 | IVV | ISHARES TR | $31.0M | 2.33% | 45,250 | Common | NONE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $28.3M | 2.12% | 125,000 | PUT | NONE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $23.6M | 1.77% | 377,596 | Common | NONE |
| 79589L106 | IOT | SAMSARA INC | $21.8M | 1.64% | 615,500 | PUT | NONE |
| 76155X100 | RVMD | REVOLUTION MEDICINES INC | $14.6M | 1.09% | 182,918 | Common | NONE |
| 47103U845 | JAAA | JANUS DETROIT STR TR | $12.0M | 0.90% | 237,049 | Common | NONE |
| 771049103 | RBLX | ROBLOX CORP | $9.2M | 0.69% | 113,547 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $8.6M | 0.65% | 27,455 | Common | NONE |
| 009066101 | ABNB | AIRBNB INC | $8.2M | 0.61% | 60,100 | PUT | NONE |
| 46434G822 | EWJ | ISHARES INC | $8.0M | 0.60% | 118,984 | Common | NONE |
| 38748G101 | BAR | GRANITESHARES GOLD TR | $7.7M | 0.58% | 181,946 | Common | NONE |
| 254687106 | DIS | DISNEY WALT CO | $7.7M | 0.58% | 67,804 | Common | NONE |
| 00827B106 | AFRM | AFFIRM HLDGS INC | $7.7M | 0.58% | 103,220 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $7.4M | 0.55% | 39,429 | Common | NONE |
| 25402D102 | DOCN | DIGITALOCEAN HLDGS INC | $6.8M | 0.51% | 141,352 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $6.8M | 0.51% | 24,920 | Common | NONE |
| 25402D102 | DOCN | DIGITALOCEAN HLDGS INC | $6.7M | 0.50% | 138,200 | PUT | NONE |
| 72352L106 | PINS | PINTEREST INC | $6.4M | 0.48% | 248,473 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $5.6M | 0.42% | 24,069 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $5.4M | 0.41% | 11,151 | Common | NONE |
| 25809K105 | DASH | DOORDASH INC | $3.1M | 0.23% | 13,796 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $3.1M | 0.23% | 4,624 | Common | NONE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $2.6M | 0.20% | 5,547 | Common | NONE |
| 770700102 | HOOD | ROBINHOOD MKTS INC | $2.5M | 0.19% | 22,100 | PUT | NONE |
| 68170A108 | OMDA | OMADA HEALTH INC | $2.5M | 0.19% | 157,132 | Common | NONE |
| 09174C104 | BITB | BITWISE BITCOIN ETF TR | $2.4M | 0.18% | 50,502 | Common | NONE |
| 565394103 | CART | MAPLEBEAR INC | $2.1M | 0.16% | 46,840 | Common | NONE |
| 88160R101 | TSLA | TESLA INC | $1.9M | 0.15% | 4,315 | Common | NONE |
| 565394103 | CART | MAPLEBEAR INC | $1.7M | 0.13% | 37,600 | PUT | NONE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $1.6M | 0.12% | 9,156 | Common | NONE |
| 679295105 | OKTA | OKTA INC | $1.5M | 0.11% | 17,700 | PUT | NONE |
| 64110L106 | NFLX | NETFLIX INC | $1.5M | 0.11% | 15,820 | Common | NONE |
| 532457108 | LLY | ELI LILLY &CO | $1.5M | 0.11% | 1,377 | Common | NONE |
| Y95308105 | WVE | WAVE LIFE SCIENCES LTD | $1.3M | 0.10% | 77,619 | Common | NONE |
| 369604301 | GE | GE AEROSPACE | $1.3M | 0.10% | 4,236 | Common | NONE |
| 931142103 | WMT | WALMART INC | $1.3M | 0.09% | 11,302 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE &CO. | $1.2M | 0.09% | 3,789 | Common | NONE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $1.2M | 0.09% | 1,364 | Common | NONE |
| 25434V708 | DFAC | DIMENSIONAL ETF TRUST | $1.1M | 0.08% | 26,550 | Common | NONE |
| 617446448 | MS | MORGAN STANLEY | $910,729 | 0.07% | 5,130 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $844,899 | 0.06% | 1,239 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $843,765 | 0.06% | 4,329 | Common | NONE |
| G0403H108 | AON | AON PLC | $815,153 | 0.06% | 2,310 | Common | NONE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $765,470 | 0.06% | 2,682 | Common | NONE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $755,985 | 0.06% | 3,530 | Common | NONE |
| 36828A101 | GEV | GE VERNOVA INC | $748,991 | 0.06% | 1,146 | Common | NONE |
| 46436F103 | IAUM | ISHARES GOLD TR | $734,140 | 0.06% | 17,077 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL CORP | $730,945 | 0.05% | 6,074 | Common | NONE |
| 478160104 | JNJ | JOHNSON &JOHNSON | $728,257 | 0.05% | 3,519 | Common | NONE |
| 20717M103 | 8QR | CONFLUENT INC | $711,608 | 0.05% | 23,532 | Common | NONE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $686,121 | 0.05% | 2,831 | Common | NONE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $643,826 | 0.05% | 6,908 | Common | NONE |
| 75513E101 | RTX | RTX CORPORATION | $626,861 | 0.05% | 3,418 | Common | NONE |
| 172967424 | C | CITIGROUP INC | $624,408 | 0.05% | 5,351 | Common | NONE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $620,277 | 0.05% | 1,879 | Common | NONE |
| 571903202 | MAR | MARRIOTT INTL INC NEW | $605,278 | 0.05% | 1,951 | Common | NONE |
| 90353W103 | UI | UBIQUITI INC | $585,444 | 0.04% | 1,058 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $582,878 | 0.04% | 2,551 | Common | NONE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $563,108 | 0.04% | 653 | Common | NONE |
| 92826C839 | V | VISA INC | $561,837 | 0.04% | 1,602 | Common | NONE |
| 79466L302 | CRM | SALESFORCE INC | $560,814 | 0.04% | 2,117 | Common | NONE |
| 404280406 | HSBC | HSBC HLDGS PLC | $535,743 | 0.04% | 6,810 | Common | NONE |
| N07059210 | ASML | ASML HOLDING N V | $511,393 | 0.04% | 478 | Common | NONE |
| 149123101 | CAT | CATERPILLAR INC | $491,522 | 0.04% | 858 | Common | NONE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $476,792 | 0.04% | 3,327 | Common | NONE |
| 191216100 | KO | COCA COLA CO | $474,479 | 0.04% | 6,787 | Common | NONE |
| 091955104 | ETHW | BITWISE ETHEREUM ETF | $472,130 | 0.04% | 22,197 | Common | NONE |
| 482480100 | KLAC | KLA CORP | $453,225 | 0.03% | 373 | Common | NONE |
| 375558103 | GILD | GILEAD SCIENCES INC | $446,774 | 0.03% | 3,640 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $442,857 | 0.03% | 1,287 | Common | NONE |
| 038222105 | AMAT | APPLIED MATLS INC | $438,168 | 0.03% | 1,705 | Common | NONE |
| 040413205 | ANET | ARISTA NETWORKS INC | $429,254 | 0.03% | 3,276 | Common | NONE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $413,317 | 0.03% | 724 | Common | NONE |
| 064058100 | BK | BANK NEW YORK MELLON CORP | $411,771 | 0.03% | 3,547 | Common | NONE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $408,378 | 0.03% | 2,546 | Common | NONE |
| 172573107 | CRCL | CIRCLE INTERNET GROUP INC | $398,641 | 0.03% | 5,027 | Common | NONE |
| 032654105 | ADI | ANALOG DEVICES INC | $398,393 | 0.03% | 1,469 | Common | NONE |
| G29183103 | ETN | EATON CORP PLC | $394,315 | 0.03% | 1,238 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP NEW | $392,456 | 0.03% | 2,575 | Common | NONE |
| 43300A203 | HLT | HILTON WORLDWIDE HLDGS INC | $389,511 | 0.03% | 1,356 | Common | NONE |
| 58933Y105 | MRK | MERCK &CO INC | $380,199 | 0.03% | 3,612 | Common | NONE |
| 37045V100 | GM | GENERAL MTRS CO | $377,000 | 0.03% | 4,636 | Common | NONE |
| 803054204 | SAP | SAP SE | $375,053 | 0.03% | 1,544 | Common | NONE |
| 046353108 | AZNN | ASTRAZENECA PLC | $366,433 | 0.03% | 3,986 | Common | NONE |
| 461202103 | INTU | INTUIT | $364,331 | 0.03% | 550 | Common | NONE |
| 66987V109 | NVS | NOVARTIS AG | $360,944 | 0.03% | 2,618 | Common | NONE |
| 05964H105 | SAN | BANCO SANTANDER SA | $352,146 | 0.03% | 30,021 | Common | NONE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $346,435 | 0.03% | 2,011 | Common | NONE |
| 606822104 | MUFG | MITSUBISHI UFJ FINL GROUP IN | $334,773 | 0.03% | 21,108 | Common | NONE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $327,565 | 0.02% | 10,959 | Common | NONE |
| 05946K101 | BBVA | BANCO BILBAO VIZCAYA ARGENTA | $306,526 | 0.02% | 13,150 | Common | NONE |
| 002824100 | ABT | ABBOTT LABS | $290,673 | 0.02% | 2,320 | Common | NONE |
| H42097107 | UBS | UBS GROUP AG | $285,223 | 0.02% | 6,159 | Common | NONE |
| 872540109 | TJX | TJX COS INC NEW | $284,486 | 0.02% | 1,852 | Common | NONE |
| 580135101 | MCD | MCDONALDS CORP | $276,595 | 0.02% | 905 | Common | NONE |
| 443201108 | HWM | HOWMET AEROSPACE INC | $270,831 | 0.02% | 1,321 | Common | NONE |
| 74762E102 | QURE | QUANTA SVCS INC | $268,852 | 0.02% | 637 | Common | NONE |
| 026874784 | AIG | AMERICAN INTL GROUP INC | $267,258 | 0.02% | 3,124 | Common | NONE |
| 670100205 | NVO | NOVO-NORDISK A S | $263,355 | 0.02% | 5,176 | Common | NONE |
| 892331307 | TM | TOYOTA MOTOR CORP | $262,438 | 0.02% | 1,226 | Common | NONE |
| 882508104 | TXN | TEXAS INSTRS INC | $261,796 | 0.02% | 1,509 | Common | NONE |
| 75734B100 | RDDT | REDDIT INC | $258,834 | 0.02% | 1,126 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $251,938 | 0.02% | 10,118 | Common | NONE |
| 278642103 | EBAY | EBAY INC. | $251,371 | 0.02% | 2,886 | Common | NONE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $251,343 | 0.02% | 2,636 | Common | NONE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP | $250,892 | 0.02% | 440 | Common | NONE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $250,826 | 0.02% | 678 | Common | NONE |
| 231021106 | CMI | CUMMINS INC | $250,120 | 0.02% | 490 | Common | NONE |
| 194162103 | CL | COLGATE PALMOLIVE CO | $249,387 | 0.02% | 3,156 | Common | NONE |
| 904767803 | UL | UNILEVER PLC | $247,866 | 0.02% | 3,790 | Common | NONE |
| 86562M209 | SMFG | SUMITOMO MITSUI FINL GROUP I | $245,472 | 0.02% | 12,699 | Common | NONE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $235,984 | 0.02% | 668 | Common | NONE |
| 00724F101 | ADBE | ADOBE INC | $235,543 | 0.02% | 673 | Common | NONE |
| 548661107 | LOW | LOWES COS INC | $234,649 | 0.02% | 973 | Common | NONE |
| 20825C104 | COP | CONOCOPHILLIPS | $234,493 | 0.02% | 2,505 | Common | NONE |
| 718546104 | PSX | PHILLIPS 66 | $234,208 | 0.02% | 1,815 | Common | NONE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $231,275 | 0.02% | 862 | Common | NONE |
| 127387108 | CDNS | CADENCE DESIGN SYSTEM INC | $228,183 | 0.02% | 730 | Common | NONE |
| 78409V104 | SPGI | S&P GLOBAL INC | $222,623 | 0.02% | 426 | Common | NONE |
| 512807306 | LRCX | LAM RESEARCH CORP | $220,822 | 0.02% | 1,290 | Common | NONE |
| 302130109 | EXPD | EXPEDITORS INTL WASH INC | $217,257 | 0.02% | 1,458 | Common | NONE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEW | $217,180 | 0.02% | 1,237 | Common | NONE |
| 26441C204 | DUK | DUKE ENERGY CORP NEW | $216,487 | 0.02% | 1,847 | Common | NONE |
| 713448108 | PEP | PEPSICO INC | $214,993 | 0.02% | 1,498 | Common | NONE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $214,363 | 0.02% | 3,786 | Common | NONE |
| 872590104 | TMUS | T-MOBILE US INC | $214,004 | 0.02% | 1,054 | Common | NONE |
| 60687Y109 | MFG | MIZUHO FINANCIAL GROUP INC | $209,337 | 0.02% | 28,598 | Common | NONE |
| 858119100 | STLD | STEEL DYNAMICS INC | $208,932 | 0.02% | 1,233 | Common | NONE |
| 456837103 | ING | ING GROEP N.V. | $208,656 | 0.02% | 7,452 | Common | NONE |
| 828806109 | SPG | SIMON PPTY GROUP INC NEW | $207,879 | 0.02% | 1,123 | Common | NONE |
| 12503M108 | CBOE | CBOE GLOBAL MKTS INC | $201,553 | 0.02% | 803 | Common | NONE |
| 337932107 | FE | FIRSTENERGY CORP | $201,286 | 0.02% | 4,496 | Common | NONE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $200,490 | 0.02% | 346 | Common | NONE |
| 00534A102 | IVVD | INVIVYD INC | $197,276 | 0.01% | 79,869 | Common | NONE |
| 405552100 | HLN | HALEON PLC | $102,081 | 0.01% | 10,097 | Common | NONE |
| M53213100 | ICL | ICL GROUP LTD | $73,636 | 0.01% | 12,896 | Common | NONE |
| 539439109 | LYG | LLOYDS BANKING GROUP PLC | $65,428 | 0.00% | 12,345 | Common | NONE |
| 77313F106 | RCKT | ROCKET PHARMACEUTICALS INC | $39,786 | 0.00% | 11,335 | Common | NONE |
| 00791N102 | — | ADVANTAGE SOLUTIONS INC | $16,603 | 0.00% | 18,867 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.