Data as of Q4 2025 (Dec 31, 2025)
โณ
Showing Q3 2025 data
a16z Perennial Management, L.P.'s Q4 2025 filing not yet available. Expected by Feb 14, 2026.

a16z Perennial Management, L.P.

โ€ขCIK: 2009275โ€ขFiling: Q3 2025

**a16z Perennial Management, L.P.** manages $871M across a diversified portfolio of 134 positions. The fund exhibits significant concentration in technology and digital assets, highlighted by a dominant $493.4M allocation to COIN. Further notable holdings include substantial positions in XHLF ($70.2M), OKTA ($54.8M), and META ($25.2M). This structure suggests a high-conviction, growth-oriented mandate within the technology sector.

Total AUM
$836.2M
+ $34.9M in options
QoQ Performance
+36.5%
Positions
130
+ 4 options
Top 10 Concentration
85.9%
Latest Filing
Q3 2025

Top Holdings Allocation

COIN
XHLF
OKTA
COINBASE56.6%
XHLF8.1%
OKTA6.3%
NU3.1%
META2.9%
AVGO2.4%
DIGITALOCEAN2.1%
RBLX1.8%

๐Ÿ“ˆ Biggest Buys

โ€”
COINBASE GLOBAL INC
NEW
56.6% of portfolio
AVGO
BROADCOM INC
NEW
2.4% of portfolio
META
META PLATFORMS INC
+453.4%
2.9% of portfolio
โ€”
DIGITALOCEAN HLDGS INC
NEW
2.1% of portfolio
IVV
ISHARES TR
+1151.4%
1.7% of portfolio

๐Ÿ“‰ Biggest Sells

NUPUT
NU HLDGS LTD
-89.1%
3.1% of portfolio
AFRM
AFFIRM HLDGS INC
-84.7%
0.1% of portfolio
RBLX
ROBLOX CORP
-22.3%
1.8% of portfolio
MSFT
MICROSOFT CORP
-32.4%
0.7% of portfolio
CART
MAPLEBEAR INC
-18.6%
0.0% of portfolio

Sector Breakdown

Other85.3%
Technology8.7%
ETF2.6%
Consumer1.3%
Financial0.9%
Healthcare0.5%
Communication0.3%
Industrial0.2%

๐Ÿšช Exited Positionssold since Q2 2025

COIN
COINBASE GLOBAL INC
SOLD
$83.6M
ABNB
AIRBNB INC
SOLD
$68.4M
โ€”
ROBINHOOD MKTS INC
SOLD
$60.5M
USHY
ISHARES TR
SOLD
$23.4M
VTEB
VANGUARD MUN BD FDS
SOLD
$21.4M
+18 more exited positions

Changes from Q2 2025

NEW111 new positions
โ†‘9 increased
โ†“5 decreased

Historical Filings

Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023